Top Crypto Exchanges in 2022
Creating an account with a crypto exchange is a wonderful place to start if you want to purchase or sell cryptocurrencies. Similar to online brokerage services, cryptocurrency exchanges give you the means to purchase and sell digital currencies like Ethereum, Bitcoin, and Dogecoin.
Before choosing a cryptocurrency exchange, it's important to take factors like supported assets, charges, payment alternatives, and security into account. In order to help you select the best exchange, we considered these factors when building this list of the leading cryptocurrency exchanges.
Since its debut in 2016, Crypto.com has established a reputation as one of the leading cryptocurrency exchanges globally. It now works with more than 250 digital currencies and is available in 90 nations worldwide.
Along with the vast array of supported assets, Crypto.com also provides a complete ecosystem of digital assets, including its own blockchain, the Crypto.org Chain, a native token called CRO, a cryptocurrency visa card, yield-generating crypto goods, and more.
The Crypto.com smartphone application, nevertheless, is what really jumps out. Crypto.com focused heavily on developing an application that offers a wide range of services and features so customers may make use of this exchange's ecosystem while on the go, in contrast to many crypto exchange mobile applications that offer a watered-down edition of the exchange's web-based platform. Through smartphone apps, users may buy, sell, trade, and pay with cryptocurrencies as well as gain interest on their holdings.
Although Crypto.com offers a wide range of goods and functions, complaints from dissatisfied previous and current customers on TrustPilot suggest that there is a lack of customer service. Unless you trade in higher amounts, you will also have to pay rather high trading expenses of up to 0.40%.
Gemini, a company founded in 2014 by Tyler and Cameron Winklevoss, distinguishes out for placing a priority on security and compliance. In the event of a security compromise, the New York-based exchange's hot wallet insurance will ensure that customer asset are kept secure. Users are also required to go through an identity verification procedure in order to reduce the danger of fraud.
Gemini also offers the choice to inspect and authorise devices used to connect to the trading account and urges users to use two-factor authentication to protect their accounts. Auditors have endorsed Gemini's compliance and safety frameworks, according to its SOC 2-certification as a safety leader.
Gemini, which was designed with knowledgeable traders in mind, accepts more than 75 cryptos and tokens and provides a trading interface of the finest quality. Through Gemini, which also offers a bitcoin reward card, users can make cryptocurrency-based purchases of products and services.
The pricing structures for Gemini's primary base and its active trader platform vary. The principal platform costs a very high 1.49% on deals over $200 and set sums for lesser trades. Maker-taker fees on the active trader platform can be as high as 0.4%, but they decrease as your volume increases. These are also somewhat expensive. However, given Gemini's exceptionally high security, paying the exorbitant fee might not be too pricey.
Founded in 2017, BitMart is a global cryptocurrency exchange that can be accessed in more than 180 countries. Users can buy, sell, and store more than 1,000 cryptos and tokens.
BitMart, a Cayman Islands-incorporated company, has made a name for itself as a top trading platform for small- and medium-sized cryptocurrencies. Investors wishing to add recently launched or obscure digital currencies to their portfolios will probably find what they're looking for on this exchange because BitMart offers more assets and trade pairs than its market-leading competitors.
Customers of BitMart have the option of earning money from any bitcoin assets they have on the exchange by using the Earn tool. Users that possess BMX, the exchange's native cryptocurrency, are also eligible for decreased trading fees.
Kraken is among the most well-known crypto exchanges in the world. It was founded in 2011 and is accessible in most of the world. The San Francisco-based exchange offers cheap costs on its professional-grade trading system, Kraken Pro, which allows users to buy, sell, and store more than 120 cryptocurrencies.
In the early days of the cryptocurrency industry, this feature-rich cryptocurrency exchange positioned itself as the go-to portal for professional investors, and it has continued to uphold its image as a trustworthy and expert trading site.
Kraken offers 2 platforms: Kraken, which is used for trading, and Kraken Pro, which is used for professionals. The exchange's Pro dashboard provides speedy execution, completely customizable chart analysis capabilities, knowledge of the entire order book, and 13 distinct order types. In addition to spot trading, Kraken users have the option of using futures contracts and margin trading to trade cryptocurrencies.
Furthermore, Kraken offers a limited selection of funding options, with money transfers being the most widely used method of payment. Transfers via ACH are not accepted.
Bisq, a peer-to-peer crypto exchange platform that was introduced in 2014, enables users from all over the world to trade a variety of digital currencies and tokens. At this time, it supports more than 100 digital items.
The trading software is neither restricted to users in particular regions, nor are users of this decentralised exchange required to go through a Know Your Customer (KYC) identity verification process. Users of Bisq have access to a variety of payment options, including bank money transfers, ACH transfers, and cash transactions, to purchase and sell Bitcoin and other cryptos.
Although Bisq is well-liked among early cryptocurrency adopters because it upholds many of the principles upon which Bitcoin was founded, like decentralisation, privacy, and sovereignty, the exchange is not very user-friendly for newcomers.