Cryptocurrency exchanges are websites that allow you to buy and sell cryptocurrencies at their current market rates. We'll be listing some crypto exchanges, and, using the list, you will be able to determine which one fits your needs the best.
Here is a list of some of the best cryptocurrency exchanges in 2022.
1) Binance: Binance provides a marketplace for trading digital currencies, including Bitcoin, Ethereum, and other major coins, as well as many smaller ones like Shiba Inu (which we don't recommend investing in). The exchange was founded by Changpen Zhao in 2017, with the goal of providing traders with security and stability at all times.
2) Coinbase: Coinbase is one the most popular cryptocurrency platforms in North America. The platform sells Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and more, and offers an easy-to-use mobile app that allows its users to trade. Coinbase is way easier to use for the average user than Binance. If you use our invite link before/when signing up, you'll receive $10 in Bitcoin for free, once you buy or sell more than $100. Here's our invite link: https://coinbase.com/join/7okonp
3) Bisq: Bisq is a decentralized P2P cryptocurrency exchange. It is not like other exchanges (Coinbase, Binance, etc) where there are central servers, or clients running on centralized systems. Rather, Bisq relies solely on peer-to-peer networking and it is open source. Essentially, users trade with eachother using a peer-to-peer system. Bisq is very ideal if you do not want to give up your privacy by complying with Coinbase's or Binance's KYC policies, in which you are required to send them your ID for verification. Please note that the Bisq user-interface is a bit clunky, slow, and it can be difficult to find a matching trade.
4) Crypto.com: Crypto.com is a blockchain-enabled technology services company, providing consumers, businesses and governments the ability to buy, sell and store the world’s cryptocurrencies on a single platform. The company offers products for both crypto enthusiasts and new users who are interested in investing in cryptocurrencies but don't know how to get started. Crypto.com’s product offerings include a mobile app that provides an easy, secure way to buy, store and learn about cryptocurrencies; a credit card that lets users spend their cryptocurrency without volatility or transaction costs; as well as various crypto investment products that allow users to invest in the rise of early-stage projects through Crypto Galaxy - an innovative tokenized fund dedicated to developing frontier technologies.
5) Robinhood: Robinhood is an app that allows the user to trade stocks and cryptocurrencies without any commission. The company was founded in 2013 by Vlad Tenev and Baiju Bhatt, two Stanford graduates who wanted to bring stock trading to the masses. Robinhood has grown rapidly since then, with over 4 million users in February of 2018. The platform has been praised for its easy-to-use interface and its lack of fees for trades, but it’s also come under fire for not being FDIC insured.
6) Kraken: Kraken is one of the largest cryptocurrency exchanges in the world. It is based in San Francisco, California. It was founded by Jesse Powell and was originally called "Mt. Gox". The company has been operating since 2011 and has grown to be a significant player in the crypto market. The exchange offers trading pairs with all major coins, including Bitcoin, Ethereum, Dogecoin and Ripple. It also offers margin trading with up to 5x leverage for cryptocurrencies that have sufficient liquidity.
7) Gemini: Gemini Exchange is a digital asset exchange and custodian that allows you to buy, sell, and store digital assets. Gemini provides a secure trading environment with high liquidity. It offers an API that can be used to develop trading applications. It also has a number of security features to protect customers.
8) Uphold: Uphold, like most other exchanges, is a platform that allows users to invest in and trade the world’s most popular cryptocurrencies. The company was founded by Halsey Minor, who also founded CNET. Uphold provides tools for converting between different currencies, as well as buying and selling cryptocurrencies like Bitcoin, Ethereum, Ripple, Litecoin and other digital assets.
9) KuCoin: Kucoin is a cryptocurrency exchange that has been operational since September 2017. The company is based in Hong Kong and offers trading pairs for BTC, ETH, BCH, and much more. The company was established by a group of blockchain enthusiasts who had a vision to create an exchange that would offer digital assets with superior liquidity. The team also wanted to provide a secure and reliable trading environment for digital asset holders. Kucoin has softer KYC requirements compared to other exchanges, and supports many coins that bigger exchanges (e.g. coinbase) do not. KuCoin’s vision is to make it easy for people to use cryptocurrencies as the currency of their choice in everyday life.
10) BitFinex: Bitfinex is a cryptocurrency trading platform. It offers a variety of digital currencies, including Bitcoin, Ethereum, Litecoin and Ripple. Users can trade with up to 3.3x leverage and there is no need for any verification or registration process to start trading. Please note that Bitfinex is not available to US residents at this time.
We hope this article helped you find a cryptocurrency exchange that fits your needs.
Please be sure to transfer your cryptocurrency out of your exchange account after purchasing. This is to prevent the exchange from having any sort of control over your cryptocurrency funds, and to grant you some privacy.