Thanks to the incredible growth in cryptocurrency trading, more people than ever are looking for the best crypto exchange to partner with to invest effectively.
The Best Crypto Exchanges for 2022
The Top 5 Bitcoin Exchanges Reviewed
The list above presents the best crypto exchanges available to traders, all of which have a great user experience and a wide selection of coins to trade. So if you’re wondering how to buy Bitcoin in 2022, this guide has everything you need to know.
Let’s explore each of these platforms one by one, ensuring you’ve got a solid understanding of which is the best cryptocurrency exchange for you.
1. eToro – Overall Best Crypto Exchange with Low Trading Fees
Our top pick when it comes to cryptocurrency exchanges is eToro. eToro is one of the most respected trading platforms in the crypto space, with extensive regulation from many top governing bodies. Over 23 million people trade with eToro, and users can invest in over 40 different cryptocurrencies. What’s more, eToro bolsters its trading options by offering 14 crypto crosses, such as ETH/EOS and BTC/XLM.
We recommend eToro so highly because the platform’s fees are incredibly low. There is no transaction fee for opening or closing a trade, as eToro only charges the spread. This is the difference between the buy and sell prices on an asset, with various spreads for each coin – although spreads can be as low as 0.75% for BTC trading. The great thing is that users can invest from as little as $10 per trade, ideal for beginners looking to start small.
eToro accepts deposits via credit/debit card, bank transfer, and e-wallet, with full support for PayPal too. Beginners will be glad to know that eToro has a dedicated education service called ‘eToro Academy’, featuring a massive selection of free articles and videos to clarify the trading process. Finally, eToro also provides a free crypto wallet for all users, which is available on iOS and Android and can be used to store your crypto holdings safely.
>>>Buy Crypto on eToro<<<
2. Binance – Best Bitcoin Exchange with Huge Asset Selection
Another of the best Bitcoin exchanges to consider is Binance. Binance is the largest crypto exchange in the world, according to CoinMarketCap, with over $19.7bn in trading volume occurring in the last 24 hours. This exchange offers over 500 cryptos to invest in, including niche altcoins and ERC-20 tokens. All of these cryptos can be traded with low fees, as Binance only charges a 0.1% fee when opening and closing a trade.
Fees can be reduced by a further 25% if you hold BNB, Binance’s native cryptocurrency. In terms of the trading experience, Binance caters to beginners and experienced traders by providing two separate platforms, each offering a feature set that will appeal to a specific demographic. Notably, each platform has excellent charting capabilities and numerous technical indicators to optimize your trading. Finally, Binance allows free crypto deposits and also accepts FIAT deposits, which are also free to make if funding your account in USD.
>>>Buy Crypto on Binance<<<
3. Coinbase – Respected Crypto Trading Platform featuring Free Crypto Wallet
Coinbase is another of the largest crypto exchanges in the world, just behind Binance when it comes to trading volume. This exchange has the flexibility to appeal to many different traders as users can opt for the standard platform or ‘Coinbase Pro’. The standard platform has simple features and is targeted towards casual investors, whilst the latter has more advanced features (such as real-time order books) and a lower fee structure.
Coinbase Pro utilizes a maker/taker structure, whilst the standard Coinbase platform charges a variable transaction fee and the spread. Either way, users can invest in over 130 different crypto assets and can even earn staking rewards using Coinbase’s automated service. Finally, all users can download Coinbase’s free self-custody crypto wallet app, which supports over 4000 assets (including NFTs) and has industry-leading security to protect your holdings.
>>>Buy Crypto on Coinbase<<<
4. Webull – Cheapest Bitcoin Trading Platform for Casual Investors
If you’re a casual investor, Webull is perhaps the lowest fee crypto exchange that will appeal to you. Webull launched in 2017 and has grown exponentially, boasting over seven million registered users. The platform is regulated in the US by the SEC and FINRA – and is even covered under the SIPC scheme, which insures investors up to a total of $500,000.
The great thing about Webull is that users can place trades for as little as $1 and with no transaction fees. Instead, Webull charges a 100bps (1%) markup built into the price of your chosen asset. Webull offers 25 different coins to trade and even provides real-time charting options with numerous timeframes and technical indicators. Finally, the Webull app is simple to use and has two-step authentication to bolster its security.
>>>Buy Crypto on Webull<<<
5. Kraken – Best Crypto Exchange for Staking
Rounding off our list of the top cryptocurrency exchanges is Kraken. Kraken is regulated by FinCEN in the US, FINTRAC in Canada, and the FCA in the UK – highlighting how safe and credible the platform is. Users can buy crypto using the ‘Instant Buy’ feature or Kraken Pro, the latter of which is a pure crypto exchange offering. Instant buys will have a 1.5% fee (plus an additional fee depending on your payment method), whilst Kraken Pro uses a maker/taker pricing structure.
In terms of assets, Kraken has over 80 cryptocurrencies to trade and offers free crypto deposits on most supported coins. Advanced users will be pleased to know that Kraken offers alternative markets, such as crypto futures and margin trading, with leverage of up to 1:5. Finally, Kraken’s staking feature is one of the best on the market, allowing users to earn rewards in just a few clicks and receive their payments twice per week!
The Best Crypto Exchanges Compared
How to Choose the Best Cryptocurrency Trading Platform for You
As expected, regulation should be one of the main things you consider when choosing a crypto exchange. By using a regulated exchange, you’ll be offered an excellent level of investor protection, which assists in preventing fraud. The best exchanges will be regulated by top-tier entities such as the FCA, SEC, FINRA, or ASIC – so be sure to look out for these.
Another element to consider is the number of cryptos available to trade. This is especially crucial if you’re looking to create a diversified portfolio, as investing in various coins can help balance out your risk-return profile. One of the best platforms for asset selection would be eToro, as users can trade 43 different cryptocurrencies and invest in various crypto-to-crypto trading pairs!
Each of the best crypto exchanges will have its own fee structure, making choosing between them quite tricky. Most of the time, exchanges will charge either a transaction fee, the spread, or a maker/taker fee – although some exchanges will charge a combination of fees. Aside from trading costs, it’s also wise to consider non-trading costs, including deposit, withdrawal, inactivity, and monthly account fees.
Finally, the payment methods that your chosen crypto exchange accepts can also make all of the difference. Most crypto exchanges will offer free cryptocurrency deposits whilst still accepting FIAT deposits. Certain exchanges will even provide functionality for e-wallets – for example, eToro accepts PayPal, Skrill, and Neteller deposits. You can also instantly buy crypto through exchanges such as Binance, which don’t require a deposit – although the fees to use this service tend to be pretty high.
>>>Buy Crypto on eToro<<<
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Best Crypto Trading Platform 2022 – Conclusion
If you’re looking to invest in cryptocurrency today, we’d recommend creating an account with eToro. eToro is our number one pick as the platform is heavily regulated, has low trading fees, and allows investments from only $10 per position!
>>>Buy Crypto on eToro<<<
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk. Additionally, 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Disclaimer: Content Produced by CryptoPR
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