What is the best crypto exchange 2022?
There is no one best exchange for every user. However, some of the features shared by the best cryptocurrency exchanges include solid security tools, low fees, several payment options, an accessible platform and availability on both mobile and desktop.
A large number of tradable cryptocurrencies that include various altcoins and trading pairs — for example, Bitcoin/Litecoin (BTC/LTC) and Ethereum/Bitcoin Cash (ETH/BCH) — is also something to look for.
Best Crypto Exchanges of 2022
Best Overall and Best for Beginners: Coinbase
Best Mobile App: Crypto.com
Best for Security: Gemini
Best for Altcoins: BitMart
Best for Low Fees and Best for Experienced Traders: Kraken
Best for Bitcoin: Cash App
Best Decentralized Exchange: Bisq
Company Transaction Fees Currencies Minimum Deposit or Purchase Trade Limits Coinbase Best Overall and Best for Beginners 0% to 0.60% 150+ $2 Yes Crypto.com Best Mobile App 0.04% to 0.4% 250+ $1 Yes Bisq Best Decentralized Exchange 0.1% to 0.70% 100+ Not disclosed No BitMart Best for Altcoins 0.045% to 0.25% 1,000+ $30 for Bitmart purchases No Kraken Best for Low Fees & Experienced Traders 0.00% to 0.26% 120+ $1 No Gemini Best for Security 0.0% to 0.40% for active trader, 1.49% for most transactions on regular platform 75+ Varies Yes Cash App Best for Bitcoin Varies KrakenKraken 1 $1 Yes
Guide for Choosing the Best Crypto Exchanges
Are Crypto Exchanges Worth It?
If you are looking to purchase cryptocurrencies, signing up for a crypto exchange can be your best option to get started.
While buying a few hundred dollars worth of Bitcoin from a local Bitcoin ATM may be convenient, it makes more sense to use an exchange if you are looking to invest a larger amount or you’re interested in buying a range of cryptocurrencies.
Crypto exchanges are the safest and most legal way to obtain cryptocurrency. But that’s not the only reason using an exchange is most suitable. Here are some of the reasons crypto exchanges are worth it.
Crypto exchanges let users buy and sell cryptocurrencies online or using a mobile app, making it easy to access the crypto markets from anywhere.
Most cryptocurrency exchanges offer a range of digital currencies and tokens, providing numerous options for investors that want to build a diversified portfolio of digital assets.
Leading crypto exchanges typically hold user funds in cold storage to ensure the safety of assets.
Global crypto exchanges usually comply with Know Your Customer and Anti-Money Laundering (KYC/AML) rules as well as financial regulations. Therefore, users can be assured they’re not dealing with a fraudulent company or malicious market participants.
Comparing Crypto Exchange Platforms
When choosing a crypto exchange that meets your needs, there are several factors to consider. The most important things to look at are:
Supported assets: If you are looking to buy cryptocurrencies other than Bitcoin, look at the list of supported assets before deciding on an exchange. Some only support a few cryptocurrencies, while others allow you to trade hundreds.
Payment methods: Crypto exchanges typically offer a handful of ways to fund your account or purchase cryptocurrencies directly. While most exchanges support wire transfers, some platforms also allow you to buy crypto using credit cards, debit cards, and other digital payment methods.
Fees: High fees can eat into your investment returns, which is why it is important to research crypto exchange fees before you open an account. Crypto exchanges typically charge trading fees and withdrawal fees, but other fees can also pop up.
Security: Unfortunately, crypto exchanges are a prime target for hackers looking to get their hands on cryptocurrency. Security breaches and cyber theft are common in the crypto exchange landscape, which is why it is essential to choose an exchange with strong security measures in place.
Customer service: If you are new to cryptocurrency or investing, you may have questions or need help getting started. In that case, choosing an exchange with excellent customer support is probably the right move.
Reputation: Before you sign up for an account on a crypto exchange, it’s a good idea to research that exchange’s reputation first. Read customer reviews, look into the exchange’s history, and look for any recent news stories that might provide some valuable insight