Best Cryptocurrency Exchanges.
Find the best cryptocurrency exchange in 2022 to buy or sell Bitcoin & altcoins worldwide. Trusted sites such as Coinbase, Binance & Kraken.
When trying to decide on the best cryptocurrency exchanges, it is not simply a matter of ranking by volume or performing a broad comparison according to fees, accessibility, trading tools, or other common features.
Most exchanges aim to support a particular type of client based on their location, experience, payment method, need for anonymity and so on, while very few can be considered broad catch-all exchanges designed for a non-existent " average user ."
For example, if you are in Europe or the United states and you are a first time cryptocurrency user you may want to start with Coinbase or Kraken. If you are based in Asia then you may choose Bitfinex. If you already have bitcoin
and you want to buy altcoins you may want to choose Binance. And if you want to trade on margin you may want to choose Bitmex, Bitfinex, FTX or Binance.
That is why we decided to offer a list of the best Bitcoin and cryptocurrency exchanges to cover the needs of all our readers.
We will include the top major exchanges that offer the broadest range of services, as well as some smaller exchanges that focus on more specific types of clients.
This way, every reader will be able to find the best cryptocurrency or Bitcoin exchange for their unique needs.
With the Fed pumping trillions of dollars into the US money system in recent weeks, now is as good a time as ever to purchase Bitcoin or other cryptocurrencies. After all, Bitcoin
doesn’t partake in quantitative easing, right? Let’s get started with our list of the top exchanges.
The 12 Best Cryptocurrency Exchanges.
This table features the top 12 best Bitcoin and crypto exchanges:
Below, btc we include all the relevant details about each individual exchange, so you can decide which exchange is right for you. Our choices for the top crypto trading platforms are as follows:
Coinbase was created to be the most trusted name in cryptocurrency exchanges, and in this respect, it is more or less unrivaled in the marketplace.
Coinbase is regulated as a US financial institution, including FDIC insurance for US deposits of $250,000 or less, and is compliant with key EU financial regulations. Coinbase is also backed by major mainstream investors, such as banks and investment funds.
"The most trusted digital currency platform" – Source: Coinbase.
This level of trust ensures that Coinbase is the exchange of choice for most beginner cryptocurrency investors, and features a simple design to accommodate this client base.
Coinbase recently had a direct listing on Nasdaq and finished its first-day trading with a price of $328.28, giving it an $85+ billion market valuation. You can view the current price of Coinbase’s COIN stock here.
Unfortunately, this focus on trust means that Coinbase trades in only a limited number of cryptocurrencies, though it does trade in all the top names. Clients are also limited to a relatively small number of countries of origin in North America, Europe, and Oceania.
Coinbase has a fantastic track record when it comes to security, with only 2% of its customer’s funds held online at any one point. Along with its insure-policy, this makes Coinbase one of the safest exchanges to use for users looking to purchase cryptocurrency.
Recently, Coinbase have taken a proactive approach to adding new digital assets, and also support more fiat trading pairs – especially for European and British customers.
For example, Coinbase has just announced trading support for Algorand, Chainlink, Tezos, and added trading pairs in GBP and EUR.
Coinbase have also started taking advantage of the growing decentralized finance (DeFi) hype, which is one of the biggest trend in digital assets to date. Coinbase recently added Compound (COMP) trading, offering its customers access to some of the most exciting projects in crypto.
"At Coinbase, our first priority is to ensure that we operate the most secure and compliant digital currency exchange in the world."
Binance was founded by Changpeng "CZ" Zhao, a Chinese software developer who previously built systems for the Tokyo Stock Exchange and developed futures trading software for Bloomberg’s Tradebook.
CZ has accumulated $96 Billion, according to a recent Bloomberg article, making him the wealthiest of the cryptocurrency elite. Some estimates of his wealth are even higher due to his persona holdings.
Although initially based in China, a crackdown in regulations on cryptocurrencies there led the exchange to move to Japan. However, when Japan’s FCA issued Binance a warning, they decided to relocate to Malta.
Binance is the exchange of choice for coin-to-coin cryptocurrency trading with some of the largest numbers for available coin pairs and trading volumes in the industry. However, since we first wrote this article it has added many new features and now many use it for margin and derivatives trading. As little as one year ago you needed to use Bitmex or Bitfinex to do that, but now it can all be done without leaving the exchange.
Screenshot of Binance’s ‘advanced’ exchange – Source: Binance.
Binance has also added fiat currency trading to its flagship exchange, meaning it is no longer strictly a cryptocurrency-based exchange. Users can now trade and cash out in 15 fiat currencies.
Note: Binance previously launched a fiat-to-cryptocurrency exchange named Binance Jersey, which it has since shut down.
Binance also boasts low fees for trades and withdrawals. Trading fees are discounted if the user is holding Binance Coin (BNB).
Level 30d Trade Volume(BTC) & BNB holdings Maker Taker Maker Taker General or ≥ 0 BNB 0.10% 0.10% 0.08% 0.08% VIP 1 ≥ 100 BTC & ≥ 50 BNB 0.09% 0.10% 0.07% 0.08% VIP 2 ≥ 500 BTC & ≥ 200 BNB 0.08% 0.10% 0.06% 0.08% VIP 3 ≥ 4500 BTC & ≥ 1000 BNB 0.07% 0.09% 0.05% 0.07% VIP 5 ≥ 20000 BTC & ≥ 3500 BNB
0.05% 0.07% 0.04% 0.05% VIP 8 ≥ 150000 BTC & ≥ 11000 BNB 0.02% 0.04% 0.02% 0.03%
In 2017, Binance became the exchange with the largest trading volume, largely due to its huge selection of crypto assets available to trade. In February 2020, In an effort to sustain its impressive growth, Binance introduced margin trading, which is now available for BTC, ETH XRP, BNB, ETH and TRX.
Binance has made some interesting acquisitions over the years, including Trust Wallet in 2018 and CoinMarketCap in April, 2020.
In July 2020, Binance celebrated a 1 billion USD purchase volume on their Binance USD (BUSD) trading volume, which is a US dollar-denominated stablecoin. The billion dollar milestone for BUSD is a testament to how popular Binance’s trading products have become, as BUSD is an easy way to enter and exit positions.
FTX.com is a revolutionary new exchange which has stormed on to the scene in the last 6 months.
Founded by Alameda Research, a cryptocurrency quant trading firm, it has made a bunch of cool new products. Read our full review of it here: FTX exchange review.
FTX has many amazing new crypto products.
Leveraged Tokens – Special Erc-20 etheruem based tokens called ‘bull’ or ‘bear’ which represent either a 3x long or a 3x short on an underlying cryptocurrency.
Indexes – Baskets of coins which together represent a certain index and can be traded on perp contracts. For example the ‘Shitcoin Index’ which contains 58 altcoins.
Perpetual contracts – Until recently these were really only available in Bitmex, but FTX has taken these contracts to a new level, offering them on many smaller coins (LEO, TEZOS, BNB, Binance ETC just to name a few.
Presidential 2020 – USA presidential election futures which allow you to either short or long your preferred candidate.