With the ever-increasing popularity of cryptocurrencies, more and more people are looking to get involved with the digital currency market. Unfortunately, finding the best cryptocurrency exchange can be a daunting task.
What you need is an unbiased review of the top exchanges available so that you can make an informed decision when it comes to choosing one that best suits your needs.
Best Crypto Exchanges and Investing Platforms
Here is our list of the 10 best places to buy, sell, or invest in cryptocurrency.
Gemini is a popular place to invest in cryptocurrency because it was one of the first big exchanges and is still one of the biggest in terms of assets.
Gemini works with most of the major cryptocurrencies, has good customer service and engagement, and, if you qualify, pays competitive interest rates on assets.
Also, if you open an account with Gemini, you can get $10 in BTC after trading $100 worth of cryptocurrency.
Pros Cons- Methods of payment/deposit are limited
- Service can be mixed when it comes to customer satisfaction
Uphold has a simple way to trade multiple assets: you can open one account and trade multiple assets without going back to cash. Crypto traders know that most coins and tokens can only be traded in certain pairs, so you always end up back in Bitcoin or Ethereum. But on Uphold, you can directly trade more than one asset.
Also, Uphold is one of the few places where you can trade XRP, DOGE, and other currencies.
Pros Cons- Some of these are easier to use than others
- Poor customer service reported in some cases
It is the best and most popular exchange for buying and selling cryptocurrencies because you can invest directly in USD. At the moment, the platform lets you buy Bitcoin, Ethereum, Litecoin, and more than 30 other coins and tokens. You can also earn interest on your USDT, and you can get token rewards for doing different things.
You can also get a $10 BTC bonus after trading $100 if you sign up with our link for a new Coinbase account.
Pros ConsA great place to buy cryptocurrencies like Cardano or Neo. Not as easy to use as some of the top platforms on this list, but one of the most powerful trading platforms out there. They have a good mobile app, but it's not as easy to use as we'd like, and that's been frustrating. Try Binance out here.
Binance.us is the US version of the platform. Compared to the international version of Binance, there are less coins and tokens to invest in on Binance.us.
Promo: Right now, if you open a Binance.us account and trade at least $500, you can get up to a $40 bonus.
Pros ConsKraken is one of the oldest places to buy and sell cryptocurrencies, and you can buy and sell a wide range of coins and tokens there. They also let you trade on credit. But it's a real exchange, and it's not as easy to use as some of the top platforms on this list.
A few places on this list allow you to buy and sell DOGE and other riskier tokens, including Kraken.
Note: US customers have access to a smaller selection of coins and tokens than international customers.
Pros ConsBitstamp is one of the oldest and most well-known places to buy and sell digital currencies. It began in 2011 and has been in business for more than 10 years. It lets you trade more than 70 tokens.
Bitstamp charges fees based on the volume of transactions. You can buy crypto instantly with a credit or debit card, and the mobile app is good.
Pros Cons- Not all users have access to stake features
- Staking rewards are limited to certain assets
eToro has been around for a while in the UK and Europe, but they are just now opening up to traders in the US. On their platform, you can buy and sell a wide range of digital assets. Even better, they have a practise trading account so you can try it out before you use real money.
eToro is also giving out a $10 bonus right now if you deposit $100 and trade $100 worth of crypto-assets. This deal is only for people in the US.
Pros ConsThere is something different about Bitcoin IRAs compared to the other platforms here. The only difference between an exchange and a wallet is that you are just exchanging currency and your gains must be taxed (learn more about taxes on your cryptocurrencies here).
So, Bitcoin IRA combines the best parts of being a cryptocurrency wallet and exchange and an IRA. That means that any gains you make inside the account don't get taxed or get taxed later.
Pros ConsCrypto.com is one of the biggest and most rapidly growing exchanges for digital currencies. It's based in Hong Kong, but customers in the US get a lot of help.
Right now, you can use more than 90 tokens and coins all over the world and 50 tokens and coins in the U.S. Plus, the rates on their cryptocurrency savings accounts are good.
At the moment, there is only an app-based platform; there is no desktop platform.
Pros ConsM1 Finance is one of our top choices for investing apps and brokerages because it lets you make a pie chart and then invest and rebalance to that chart. Also, there are no fees for making investments.
They recently made the same tool available for cryptocurrencies. You can invest in a pie or allocation of cryptocurrencies, set up automatic investments and rebalancing, and even use
Pros Cons- Currently supports only 10 tokens
- Crypto transactions have a 1% spread, but no commissions
What to look for in a cryptocurrency exchange?
1. Security
The first and most important thing to look for in a cryptocurrency exchange is security. Cryptocurrency exchanges hold a large amount of digital currency, which makes them a prime target for hackers. Make sure that the exchange you choose has implemented strong security measures, such as two-factor authentication and cold storage.
2. Ease of Use
Another thing to look for in a cryptocurrency exchange is ease of use. You want to make sure that the exchange you choose is user-friendly and easy to navigate. The last thing you want is to get frustrated with the platform and give up on using it altogether.
3. Fees
When choosing a cryptocurrency exchange, you also need to consider the fees that they charge. Some exchanges charge higher fees than others, so it's important to compare the fees before making a decision. Remember, the lower the fees, the more money you'll save in the long run.
4. Payment Methods
Another factor to consider when choosing a cryptocurrency exchange is the payment methods that they accept. Some exchanges only accept wire transfers, while others accept credit cards and PayPal. Make sure to choose an exchange that accepts the payment method that you're comfortable with using.
5. Supported Currencies
Before choosing a cryptocurrency exchange, you need to make sure that they support the currencies that you want to trade. Some exchanges only support a handful of currencies, while others support hundreds. Make sure to check what currencies an exchange supports before making your decision.
6. Country Restrictions
Some cryptocurrency exchanges only allow users from certain countries to create accounts on their platform. If you're not from one of the supported countries, then you won't be able to use that particular exchange. Before creating an account on an exchange, make sure to check if there are any country restrictions in place.
7. Customer Support
If you run into any problems while using a cryptocurrency exchange, you'll want to be able to get help from customer support as soon as possible. Make sure to choose an exchange that offers 24/7 customer support in case you need assistance outside of normal business hours
Common Cryptocurrency Exchange Questions
When choosing an exchange, what features are important to consider?We look at the number of tokens and coins available, the price or commission, how easy it is to use, how safe the platform is, how good the customer service is, and what features it has.
Do crypto exchanges and crypto wallets differ?A wallet is made to store your cryptocurrency in a safe way. The exchange is set up to make it easy and quick to buy and sell cryptocurrency. When you use an exchange, you give the exchange your private keys. When you use a wallet, you keep your private keys safe. The exchange then takes care of you.
How do you buy cryptocurrency?At one of these exchanges, you open an account and deposit money, then you can "exchange" your USD or another fiat currency for cryptocurrency. There are cryptocurrencies that can only be traded with certain pairs, so depending on what you want to buy, you may need to buy something like Bitcoin and then trade it for another token.
If you want to start your own business, how much money do you need?
Many of these exchanges allow you to get started for as little as $5.
Quick Links:Final Thoughts: Best Crypto Exchanges 2022
There are many factors to consider when selecting a cryptocurrency exchange for 2022 and beyond. It's important to do research before signing up for any exchange so that you are certain that it meets all of your needs in terms of security, privacy, fees, transaction speeds, and other features that may be important depending on your individual situation.
By doing thorough research now, you will ensure that your crypto investments remain safe and secure into 2022 and beyond!
Which of these conversations is your favorite? Also, what are some other good exchanges for beginners that I didn't mention here? Tell me what you think in the comments.