Cryptocurrency trading is done in two ways. You can either exchange one digital currency for another you want to use or keep or make a profit. On the other hand, be largely speculative and will rely on proven trading platforms, tools, and strategies to win profits. If you are looking to find the best crypto exchange that offer the best trading facilities with low fees, then you can come to the right place. Here we will guide you to compare which crypto exchange is the best for trading with a low fee and its advantages.
Some important facts regarding the cryptocurrency exchanges in 2022The facts on the cryptocurrency exchanges are as follows:
- More than 300 crypto exchanges specialize in crypto only. Excludes the apps and platforms that mix stock and other assets with crypto trading. As per the data collected from CoinMarketCp, there are more than 5000 cryptocurrencies to trade.
- Crypto exchanges can be decentralized or centralized. Crypto exchanges that are decentralized require the users to store crypto wallet keys on their own. Whereas centralized exchange controls the keys. It is important to learn more about how crypto works to understand what keys are. Decentralized exchanges are preferred more in the market because it is more secure from hackers.
- Centralized and decentralized exchanges work in the way of order books. It means market makers (those placing orders) are matched with the buyers (market makers) using a specific algorithm.
Pro-Tips about the best crypto exchange for the beginnersThe pro-tips regarding the best crypto exchange are followed:
- Crypto exchanges that are the best have a wide variety of crypto for trading, low fees for credit and debit cards (3% or below), and fast order execution. It is wise to choose that offer stock, forex, CFDs, and other assets on the same platform.
- Social copy trading is highly recommended for beginners who wish to diversify in crypto trading. The traders don’t have to spend much time with analysis, although it is crucial to counter-check trades copied, and as a copy trading provider, you can earn passive income.
- Security and safety are a must for crypto traders. The best crypto exchange have multi-sig working with group accounts, 2FA or two-factor authentication, and other top-grade security features.
- Look for the exchanges that provide: Various analytical and research tools, Charting, Indicators options for speculative trading.
Complete list of the best crypto exchange 2022Down below is the list of the best crypto exchange in 2022:
- Cash App
1. PionexPionex is one of the top exchanges with 18 free trading bots. One of the biggest Binance brokers aggregates liquidity from Binance and Huobi Global. It provides a suite of robots like Smart Trade Bot, Grid Trading Bot, Trailing Sell Bot, Spot Futures Arbitrage Bot, Martingale Bot, Rebalancing Bot, Dollar-Cost Averaging (DCA) Bot, etc. Advantages-
- Compared to most major exchanges, their trading fee is the lowest.
- Provides the Rebalancing bot to help you to hold the coins.
- License approved by U.S. FinCEN’s MSB (Money Services Business).
2. CoinsmartCoinSmart is a Canadian crypto exchange that provides 24/7 support. They have a comprehensive identity verification process that is capable of detecting fake addresses or dates of birth. Advantages-
- It has a two-factor authentication system.
- It offers an order book functionality to place customized orders.
- Users can track all the trades or trading activity.
3. BinanceBinance is one of the top cryptocurrency exchange apps that supports 150 cryptocurrencies and coins, including the most popular ones like Bitcoin and Ethereum Litecoin, and it has its own BNB coin. Advantages-
- It supports two-factor authentication.
- Traders can use charting and indicators to trade cryptocurrencies.
- It is available in more than 180 countries even though it is banned in the United States.
4. BybitBybit is a cryptocurrency platform that is smart and intuitive. It provides the features and the functionalities required for the instant buying and selling of crypto. Advantages-
- Bybit offers the best-in-class market depth.
- High-frequency trading along with lightning-fast market updates is possible through the powerful API.
- This platform features high-frequency trading along with lightning-fast market updates.
5. PrimeXBTPrimeXBT trading platform is considered the best in class platform having access to global markets and 24/7 support. By referring your friends, you can earn rewards. Advantages-
- It provides superior online trading services globally.
- Has a wide range of markets.
- Offers advanced trading tools.
6. FixedFloatFixedFloat is one of the top crypto exchanges that offer tools for the full use of digital assets. It can provide a flexible and tailored solution. Advantages–
- IT supports many currencies such as Bitcoin, Tether, USD Coin, etc.
- Processing is fully automated.
- Supports cross-platform.
7. ChangeNOWChnageNOW is a non-custodial limitless cryptocurrency exchange that provides services to exchange Bitcoin to Ethereum, Ripple, XMR, etc. Since there is no need to create an account, it doesn’t store any funds. Advantages-
- Supports more than 10,000 currency pairs.
- The RealRates system is super fast and safe.
- Offers instant crypto exchange
8. Cash AppCash App is used for sending and receiving peer-to-peer money. It is one of the best crypto exchange that allow users to buy and sell crypto within the app. Advantages-
- The transaction limit for BTC users is $100,000.
- Easy to use.
- Takes low fee for sending and receiving via banks
- There is no middleman since the transaction is peer-to-peer.
9. BisqBisq works on a peer-to-peer basis to send and receive crypto from people directly. It allows the user to buy and sell Bitcoins in exchange for their local currencies in their home countries through the desktop or mobile application interface. Advantages-
- Has no point of failure since it is decentralized.
- KYC is not required for identification.
- Load transactional volumes.
- Users can pay in 26 different options.
10. KrakenKraken is one of the top 10 largest crypto exchange platforms based in the United States. It supports 40 cryptocurrencies, including the well-known BTC. Advantages-
- It is one of the most secure cryptocurrency exchanges.
- Fees are lower than Coinbase.
- No chance of social or copy trading.
- The regular maximum trading amount is $100,000
11. BittrexBittrex facilitates crypto-to-crypto trading and lists the largest number of cryptocurrencies. It is very secure and fast for trading even though support lacks some. Advantages-
- Their policy is simpler and clear than most of the exchanges.
- It is safe for the users to use since it takes little information from them for verification.
- It is available in most countries around the world.
12. CoinbaseIt is the most popular among many other crypto exchanges in the United States. For insured custodial services, it is one of the best crypto exchange which is easy to use. Advantages-
- Supports many coins, including Bitcoin.
- The volume for liquidity or daily trading columns is very high.
- Users can easily find their trades or exchange crypto over many crypto options.
13. SwapzoneSwapzone is one of the top cryptocurrency exchanges where users can trade over 300 coins without registering on the platform even. It allows the users to compare cryptocurrency swapping opportunities across exchanges. Advantages-
- A personal account is not mandatory.
- The support team is available 24/7.
- Provides Simplified API integration.
- Has in-house exchange available on their platform.
14. XcoinsXcoins is a popular crypto exchange that is Malta-based. It allows different trading pairs of cryptocurrencies in over 100 countries. The main agenda of this exchange was to make buying Bitcoins smooth and frictionless for starters and non-experienced in crypto. Advantages-
- Available in more than 167 countries.
- 24/7 support through live chat, phone, and emails.
- Registration can take only 2 minutes to complete, which is very easy for beginners.
- The verification procedure is near-instant.
15. CEX.ioCEX.io is one of the top crypto exchanges that offer users to buy and sell their digital cryptocurrencies. The money is withdrawn via bank accounts or VISA and other debit and credit cards. The commission is given for trading large volumes of cryptocurrencies. Advantages-
- 24/7 customer service is offered via email, phone, and live chat. 0705347905
- It is supported in almost 99% of all countries, including 47 states in the United States.
- For reliable order books and order execution, CEX.io uses advanced order match-making algorithms.
16. eToroeToro is one of the well-known crypto exchanges that consists of social copy trading stock, securities, forex, and CFD. Social copy trading allows users to copy a trade from the expert traders they follow. Advantages-
- eToro supports 94 cryptocurrency trading pairs and a total of 2361 tradable symbols.
- The trading demo is available for beginners.
- The eToro mobile wallet app uses a multi-sig scheme for crypto owners and custodian users.
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