The best cryptocurrency exchanges in 2022

The new year has started with somewhat of a crypto crash! But don’t worry, crypto is not going anywhere. Bitcoin and Ethereum are getting a lot of competitors who are ready to enter the top as new serious cryptocurrencies.

Take stablecoins, for example, the demand for Tether (USDT), Binance USD (BUSD), USD Coin (USDC) has never been greater. Many altcoins are not only skyrocketing in price and demand but making some serious impacts on the market. Coins such are Solana (SOL), Polkadot (DOT), Cardano (ADA), Polygon (MATIC), Terra (LUNA), are getting hotter and hotter, so you will need a reliable cryptocurrency exchange.

How to pick one should really be easy, right? Well, crypto exchange is a tool, so before you grasp for one, you need to have a good idea of what you want to do with your cryptocurrencies? Do you just buy coins and hold them? 

That’s cool, long game is good when it comes to investments. But if you were going to hold onto your cryptocurrency anyway, why not put it to good use so it can make you money? There are exchanges that offer staking or crypto savings accounts. Your assets are going to be there in any case. Why not milk that sweet two-figure APY interest? 

Or you want to go in a bit deeper and try your hand at decentralized finance investments (DeFi). Yes, that’s a deeper end of the pool, but while DeFi was once the playground of tech nerds, now it’s a lot safer space, more easily navigated by bold investors. Again, picking the right exchange can save you a lot of time and pain if you want to dabble with yield farms and crypto lending, or liquidity farming.

If you have trouble understanding any of the terms I’ve used, don’t panic. Just go to tradecrypto.com, not only will start learning about the world of crypto, but you can find news updates and how-to’s to get you geared up for your crypto investments. There is a good article to study if you want to know how to trade crypto, explanation is quite easy. But let’s go on to crypto exchanges.

Binance

Binance is very popular and for a good reason. It offers a great number of cryptocurrencies, sports its own wallet, and offers some more advanced trading options. It’s suitable for beginners and intermediate investors alike. Because of disputes with US laws, its international arm is not available in the USA, though there is a separate entity Binance.US which is fashioned as a sister platform, tailored for the requirements of US regulators. US branch has simpler options and a smaller gamut of currencies, but it’s still the best crypto exchange with low fees, high security, and a rock-solid reputation. They also run their own stablecoin, Binance USD (BUSD) as well as their own token (BNB).

Coinbase

Coinbase is again and again quoted as the perfect crypto exchange for beginners. They sport an amazing educational and onboarding program for alternative coins similar to Bitcoin and Ethereum. Each customer who agrees to pass through their courses on crypto gets a small reward, a number of tokens to try their hand at various crypto trading activities. Transaction fees are a bit steeper, well above the industry standard, but they offer absolutely the best infrastructure and interface for absolute beginners. Their strongest points are security, very high liquidity, and ease of use.

Others

For intermediate and advanced investors in the world of crypto, we can recommend exchanges like Kraken, KuCoin, Gemini, BlockFi, Crypto.com because they offer free coins for new users, they sport respectable security protocols, but other than traditional crypto exchange services like margin trading, spot trading, as well as DeFi, functions like crypto savings accounts, yield farming and even bots for automated day-trading. Keep in mind, if you are going to use algorithmic trading, here are 3 Scam Crypto Bots You Should Stay Away From. As always, the golden rule in the world of cryptocurrencies is - DYOR! Do your own research!

Author

Sviatoslav Pinchuk

Crypto Journalist (Head of SEO)

Man who simply bought some BTC for domestic needs in 2014 and then forgot about it till 2017.

The dude who got Etherium in 2017 by misclick and sold it in 2018 “just to try”.

Lost 1 Florida house in XEM in 2018, Sviatoslav finally decided to trade reasonably and now he is one of the most analytical and data-driven trader in Crypto Industry.


Has Bachelor Degree of Chinese Interpreter and deep practical experience in competitive niches SEO.

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