Cryptocurrencies are making global headlines with increased mainstream relevance and acceptance. Over 300 million persons across the world own digital assets. Exchanges are the lifeblood of the global crypto circulation, powering transactions worth over a trillion dollars on a daily basis. Kraken, Binance, Gemini and some of the top crypto exchanges enable online users to buy and sell crypto coins. Since it is not possible to buy these digital coins via any financial institution or bank, one can create an account on these exchange platforms and buy crypto, exchange in any currency they want.
As explained above, crypto exchanges facilitate digital asset transactions around the world. The platforms empower users with the ability to trade in crypto assets and fiat currencies. A user can transact from one cryptocurrency to another, or use currency denominations to buy additional crypto. They can also sell their owned digital assets and receive the amount in fiat.
These exchanges reveal the present market value of crypto with the ones they offer. One can also change the crypto coin to US dollars or other fiat currencies to encash the amount. The user endeavors to find out the exchange that best works out for their goals.
According to market research, we have compiled a list of the top crypto exchanges in 2022 that is a new place for users to trade with high security.
Binance is one of the largest crypto exchange platforms in the world. The global exchange recently clocked over $19.7 billion worth of transactions within a 24-hour frame. The platform offers more than six hundred cryptocurrencies as trading options, including ERC-20 tokens. The platform charges 0.1% for opening and closing a trade. It also allows free crypto deposits and FIAT deposits.
Coinbase is one of the best crypto exchanges for beginners. The exchange offers multiple crypto trading options and high security to its users. Coinbase provides an intuitive interface in addition to an advanced trading platform for professionals. The market value of the San Francisco-based crypto exchange is over $36 billion. Coinbase is available in more than a hundred countries worldwide.
Crypto.com was launched in 2016 and is one of the top crypto exchanges around the world. The platform supports more than 250 cryptocurrencies in over ninety countries. The platform has a successful mobile application that operates with multiple product features. App users can not only buy, sell or trade, but also earn interest and even make crypto payments. With proper customer support, it can be one of the best platforms for crypto traders.
One of the popular crypto exchange platforms, Paybito has managed to make a global presence by offering a wide range of products including white labeling of its technology. The exchange platform supports more than forty cryptocurrencies and also has its own desktop application that is free to download.
The exchange platform provides a wide range of benefits that adds significance and yield, increasing the security and volatility of trading. Traders can choose between options such as Basic, Pro, OTC, Futures and Options. PayBito stands out from other top crypto exchanges with its unique crypto banking solution, where users can access conventional banking features powered by crypto.
Launched in 2014, Gemini is a global trading platform which ranks among the top crypto exchanges in terms of security and compliance. The wallet has Hot Wallet insurance to ensure user funds remain secure in case of any security breach. To reduce fraud, the wallet requires a basic identity verification process. The platform also offers reward cards that allow users to pay for products and services with crypto.
BitMart is a global cryptocurrency exchange launched in 2017. The exchange can be accessed in more than a hundred and eighty countries. Like other top crypto exchanges, BitMart allows to store, sell or buy more than a thousand cryptocurrencies and tokens. The platform has a wide range of features, yet it has received some negative feedback from customers over the years. In 2021, the platform made a loss of $196 million in user funds due to a security breach.
Kraken, launched in 2011, is one of the top crypto exchanges worldwide with a high focus on security. Based in San Francisco, the investors can sell-buy or store over a hundred cryptocurrencies and charge low fees even on its professional platforms. Kraken offers two trading platforms- one for beginners and another for professionals. The professional dashboard of the exchange delivers detailed chart insights, high speed, and customized chart analysis tools.
KuCoin is a global crypto exchange platform that is widely used in over two hundred countries. The platform is not legal in the United States, and it has received poor customer reviews. The low trading fees in the exchange platform attracts many users.
FTX is among the top-rated centralized global cryptocurrency exchanges. It is a fast-growing platform with support for over three hundred cryptocurrencies, offering advanced trading options like future trading and margins. FTX also offers innovative crypto products like leveraged tokens, derivatives, and more.
Huobi Global helps users to sell-buy, borrow and stake a wide range of Cryptocurrencies for professional crypto investors and traders. The array of exchange tools and features may be overwhelming for beginner crypto traders, but they are quite useful for seasoned professionals.
If you are planning to start crypto trading and looking for the best platform to do so, then this list will help you in every way. An unreliable exchange software can make you lose money in fraud cases. The above comparison between the top crypto exchanges will help you to choose the best platform according to your needs.