These days, more and more people are interested in cryptocurrencies. And to enter in the game of crypto a best crypto Exchange is very important to have. A Crypto Exchange is a platform that allows people to buy, sell and trade Cryptocurrencies like Bitcoin, Etherum, dogecoin or Shiba Inu etc. And there are various Crypto Exchange available in today’s Market. So it is very difficult to choose a perfect Exchange for yourself.
These Crypto Exchanges can be differentiated on the basis of number of Crypto Assets listed, theri trading fee, withdrawal fee, security level and how easy to use them. And In today’s article we mentioned the top 5 Crypto Exchanges for 2022.
1) Coinbase – Well, Coinbase is one of the most Popular Crypto trading Platforms and it includes hundreds of Cryptocurrencies including all major one.
– Simple – The Best thing about Coinbase is that it is best for Beginners and their interface is very easy to navigate. They include educational material for Newbies.
– Security – In terms of security, Coinbase provides 2-FA [ 2 Factor Authentication] on all versions and most of the crypto assets are secure in Offline Storage. They also have an insurance policy, that use to protect the crypto holdings upto $250000, by FDIC Guideline.
– This platform also provide advance features in its special version “Coinbase Pro”
Trading Fee – However, in terms of trading fee. The coinbase is little expensive as compared to other Crypto Exchanges. Moreover, their fee structure also depends on the trading volume, type of transaction, location, payment method. And the minimum trade volume on Coinbase is $2.
2) Crypto.com – Well, this platform is on the second position in our list. Because, in terms of Crypto assets, they have over 250 Crypto Assets listed. This Exchange allows its users to trade Cryptocurrencies with more than 20 Fiat Currencies.
Fee – Moreover, In terms of fee the Crypto.co is on the lower side if you fund your account with cash transfer.
Special – This platform also supports Visa metal cards that can be used for 8% back on your spendings.
Security – The crypto.com also claims that all users Cryptocurrencies are stored in Offline [ Cold Storage] and they provide Insurance on USD balance upto $250000 as per FDIC Guideline.
However, they do not support Crypto-to-Crypto Trading.
3) Binance.US – This is U.S related Exchange, proudly run by Crypto Powerhouse called “Binance ”. And it include all features of its parent company like low trading fee (0.1% ) and large variety of Coins.
They also offer a great number of order types including limit, market and stop-limit, as well as two powerful trading dashboards chock full of important data, like spot price and 24-hour highs, lows and trading volume.
This Binance. US Crypto Exchange offers high Cryber Security and User Review.
On the other hand, Fewer coins are listed on this U.S Version as compared to its Parent Company. Moreover, this platform is not available in all states in the U.S like Texas and New York.
4) Gemini – This is another Crypto Exchange that is designed for both advanced and beginners. In this platform users can easily buy and sell Cryptocurrencies. Moreover, this platform is very similar to Coinbase, theri web and app tarde follow a Coinbase-like Structure with a transaction fee, dependent on your purchase Amount. This platform is Available in all 50 states, including New York, a common left from other crypto exchanges’ offerings.
Security – Gemini offer 2 FA and also support hardware security keys.
5) Kraken – This is one of the oldest U.S Based Crypto Exchange, founded in the early phase of Crypto (2011). They support over 110 Crypto Currencies with low Fee.
– They have advanced features like “Margin” that may appeal to advanced traders.
– Security – This platform had its eye on security from the day they launched and they have high Cybersecurity Ratings.
– However, this platform may be too complex for Newbies.
