10 Highest rated crypto exchange 2022

10 Highest rated crypto exchange 2022

Top 10 Bitcoin and Cryptocurrency Exchanges

1. Coinbase

2. Voyager

3. BlockFi

4. Uphold 

5. Kraken

6. eToro

7. Bitcoin IRA

8. Crypto.com

9. Binance 

10. Hodlnaut

Here is our list of the 10 best cryptocurrency exchanges and investing or trading platforms.

1. Coinbase

Coinbase is by far the most popular and one of the best cryptocurrency exchanges because you can invest directly with USD. You can currently purchase Bitcoin, Ethereum, and Litecoin and 30+ other coins and tokens on the platform. Furthermore, you can earn interest on your USDT, and you can earn token rewards by completing various activities.

Plus, when you open a new Coinbase account, you get a $5 BTC bonus after you make your first trade if you sign up using our link!

Pros

Easiest to use interface

Good selection of tokens and coins to invest in

High level of security and trustworthiness

Cons

High fees unless using Coinbase Pro

User does not control private keys in wallet

Slow to adopt popular new cryptocurrencies

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2. Voyager

Voyager is a popular platform to invest in crypto as it was one of the first publicly traded exchanges. They are app-driven and offer a commission-free trading structure. 

Voyager supports most major cryptocurrencies, has solid support and engagement, and pays competitive interest rates on assets.

Plus, when you open a Voyager account, you can earn $25 in BTC after trading $100 in crypto.

Pros

Very easy to use app-based interface

Commission-free trading structure

Voyager provides solid interest rates

Cons

Slow withdrawals (can take upwards of 1 day)

Not available in New York (yet)

3. BlockFi

BlockFi is a cryptocurrency investment platform that allows you to lend and earn interest on your holdings. Also, instead of selling your coins and tokens, you can also borrow against your holdings.

If you're just looking to hold your tokens, you can also just let them earn interest for you.

Bonus Offer: Get up to $250 bonus when you make a $25 deposit and maintain it for the specified period of time.

Pros

No commissions and fees

US-Based and regulated

Earn high interest on deposits

Cons

Doesn't support many tokens and coins

Limited free withdrawals

4. Uphold 

Uphold offers simple solution to trading multiple assets — open one account and trade multiple assets without making a trip back to cash. If you've every traded crypto, you'll know a lot of coins and tokens only trade in certain pairs, so you're always going back to BTC or ETH. But on Uphold, you can trade multiple assets directly.

Plus, Uphold is one of the few exchanges that allows you to trade XRP, DOGE, and more.

Pros

Simple and transparent pricing structure

Lot's of crypto tokens and even some stocks, including popular ones like XRP

Both desktop and mobile apps

Cons

Not as easy to use as some on this list

Some reports of poor customer service

5. Kraken

Kraken is one of the original crypto trading platforms and they have a good selection of coins and tokens to trade and invest in. They also allow margin trading. However, it's a real exchange, and not as easy to use as some of the top platforms on this list. 

Kraken is one of the few platforms on this list that allow you to trade in DOGE and other, more risky, tokens.

Note: Kraken offers a limited section of coins and tokens to US customers versus international customers.

Pros

One of the longest running crypto exchanges

High level of security and trust

Large variety of crypto and tokens to trade

Cons

One of the more difficult platforms to use

Difficulty with 2FA

Some reports of poor customer service

6. eToro

eToro has been around for a while in the UK and throughout Europe, but they are now allowing traders in the United States. They offer a huge variety of digital assets to buy and sell on their platform, and even better, they have a practice trading account so you can give it a try before you actually use real funds.

Right now, eToro is also offering a $10 bonus if you deposit and trade $100 in crypto-assets. This offer is only available for US users.

Pros

Worldwide options for trading crypto

Ability to copy other traders portfolios

Low minimums to start

Cons

Limited options in the United States

Only available in 41 states

Doesn't support as many tokens and coins as other platforms on this list

7. Bitcoin IRA

Bitcoin IRA is a little different than the other platforms here. Unlike most exchanges and wallets, you're basically just exchanging currency and are subject to paying taxes on your gains (learn how taxes on your cryptocurrencies work here).

With that being said, Bitcoin IRA combines the best of being a crypto wallet and exchange, with also being an IRA. That means that your gains inside the account are tax free or tax deferred. 

Pros

Invest in cryptocurrency inside your IRA

Ability to earn interest on your crypto inside your IRA

High security options 

Cons

High fees

High minimums

Doesn't support as many tokens and coins as other platforms on this list

8. Crypto.com

Crypto.com is one of the largest and fastest growing crypto exchanges. It's based in Hong Kong, but offers a ton of support for US-based customers.

Right now, you can have access to over 90 tokens and coins worldwide, and 50 tokens and coins if you're in the United States. Plus, the offer solid rates on their crypto savings accounts.

The only major drawback is that it's only app-based at this time, there is no desktop platform.

Pros

Huge amount of supported coins and tokens

Pays weekly interest on crypto savings

You can get a debit card linked to your account

Cons

Complicated fee structure

No desktop support, only app-based

Limited customer support

9. Binance 

A great platform for getting into some currencies like Cardano or Neo. Not as easy to use as some of the top platforms on this list, but they do have one of the most robust trading platforms out there. They do have a decent mobile app, but again, not as easy to use and we've been frustrated with it. Try Binance here.

Note: Binance.us is the US-version of the platform and has limited coins and tokens to invest in versus the international version of Binance.

Pros

Huge amount of supported coins and tokens

Fast transactions times

Low fees

Cons

U.S. has limited options compared to worldwide

Not available in all 50 states

Limited customer support

10. Hodlnaut

If you're looking for an alternative to trading cryptocurrencies, check out Hodlnaut. Hodlnaut is a savings and lending platform that focuses on Bitcoin and several stablecoins.

Right now, you can earn up to 7.46% on your bitcoin and up to 12.73% on your USDC through saving and lending options on their platform. 

Pros

Pays high interest on holdings

No minimum balance requirements

Get $20 free when you deposit $1,000

Cons

Only supports BTC, ETH, DAI, USDC, and USDT

Support is based in Singapore and may be slow to respond