Top 3 Best Bitcoin and Cryptocurrency Exchanges for 2022

BlogDecember 23, 2021

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Are you looking to profit in the cryptocurrency market? Are you a new Bitcoin investor? Are you looking for a safe and reputable exchange? If so, this article will show you the top 3 best Bitcoin and Cryptocurrency exchanges for you.

Why need a cryptocurrency exchange?

Bitcoin transactions in particular and cryptocurrency transactions, in general, are very complex. People don’t know where to buy and sell. That is why trading on an established platform is the best route. As your trading volume increases, you will need a more reliable platform to ensure safe transactions.

Security is paramount if you want to protect your investment. Otherwise, you will become the target of cybercriminals. As a result, you’ll need a safe place to store your Bitcoins, and you’ll want to be able to access your Bitcoins immediately. When you invest in trading platforms, you get 24/7 support from the care staff. That’s helpful for you.

Now you can trade like a pro without feeling confused or taken advantage of. No matter how small or large your trading volume is, you can do it on a solid foundation.

You can manage your account your way and get access to the exchange community among investors. Along with that come live market updates. Furthermore, you can secure your investment and comply with the law. A good platform will also give you quick access to expert insights, helping to improve your decision-making.

Top 3 Best Bitcoin and Cryptocurrency Exchanges

We have researched to find the best Bitcoin exchanges for you and we make sure that they offer the best services for beginners. Whether you are a small or large entrepreneur, they can help, as they are startups and corporations with a reputation throughout the industry. Furthermore, these Bitcoin exchanges offer the best rates, fees, and rates anywhere, and they also provide high-security measures for users.

1.Binance

Top 3 Best Bitcoin and Cryptocurrency Exchanges

Up to now, Binance is the world’s largest cryptocurrency exchange, always in the top 3 exchanges with the largest global trading volume and dubbed the Bittrex Killer. Binance exchange exchanges digital currency pairs such as GAS/BTC, ETH/BTC, NEO/BTC and BNB/BTC… In which BNB, also known as Binance coin, is a private coin issued by Binance.

The founder of Binance is Changpeng Zhao – former manager of the Development Department at Blockchain.com, co-founder and chief technical officer (CTO) of the once famous exchange “OKCoin”. At its inception, Binance exchange was headquartered in Shanghai – China. However, as the country tightened regulations on cryptocurrencies, Binance moved offices to Hong Kong and Japan. Unfortunately, Binance is still entangled in legal troubles in Japan. Therefore, in March 2018, Binance exchange left Japan and moved to the island nation of Malta until now.

In early July 2017, Binance raised capital through ICO. Thanks to the founder’s great profile, the Binance exchange project quickly attracted the attention of the community. This funding round was started from July 1 to July 21, 2017, it raised 15 million USD and had more than 20,000 account registrations in the early days. In less than a year, Binance has surpassed major exchanges such as Bittrex, Poloniex, .. to rise to No. 1 and CEO Changpeng Zhao is also in the top of the fastest-growing dollar billionaires in the world. Currently, no information has been shared about the scam binance exchange.

The exchange offers both basic and advanced coin trading interfaces, Binance helps beginners make simple trades and provides professional traders with access to more complex options like trade margin trading.

Binance exchange has versions compatible with: Web, iOS, Android, HTML5…

Outstanding Features

Referring to Binance, people remember the cryptocurrency exchange that offers good security, user-friendliness and strong performance. Here are some features and strengths of Binance compared to other exchanges:

  • Large trading volume: The new exchange launched in July 2017. But the amount of money traded up to now has reached 10 billion USD per day.
  • High Liquidity: Binance supports trading pairs with extreme liquidity.
  • High Performance: Binance can process 1.4 million orders per second.
  • Multiple Coins Support: Binance supports over 100 different coins and tokens, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), IOTA (MIOTA), NEO (NEO), Bitcoin Cash (BCH) , QTUM, Monaco (MCO), Binance coin (BNB),..
  • Extremely low transaction fees: While the transaction fee of some other exchanges like Bittrex or Poloniex is 0.25%, with Binance the fee is only 0.1% per transaction. Especially, the transaction fee is only 0.05% if you use BNB – a coin issued exclusively by Binance to pay the fee.
  • Multi-Device Support: Binance supports multiple devices and platforms to serve customers’ needs such as HTML5 web browser, WeChat, mobile trading app with Android and IOS operating systems.
  • 24/7 Support: Binance’s support process is 100% on-platform, very fast and convenient, professional. If someone contacts you through other means claiming to be a Binance support agent, it’s most likely fake.
  • Multi language: Binance supports 13 languages, including English, Japanese, Korean, Russian, Spanish, and more…

With the above advantages as well as the safety and stability using the powerful multi-layered knowledge system, Binance has proven its position in the international financial market and provides a good user experience. . So is binance a scam or not? We continue to learn to answer this question in the article below.

Cons

Besides the above advantages and features, Binance also has some disadvantages as follows:

  • Binance collects and stores some user data, such as IP addresses.
  • Binance has too many different trading features that make it difficult for newcomers to access.

However, there has not been any information that shows that binance is a scam on the part of users. This is the factor that determines the credibility of the Binance exchange.

Click here to open an Binance account.

2. eToro

Best Bitcoin and Cryptocurrency Exchanges

In 2018, the company added crypto trading features. eToro is a long-standing platform that started as a brokerage for stock and forex trading. As a result, it grew in popularity and attracted more Bitcoin traders and investors.

It is available anywhere around the world where Bitcoin is legal, and international users have found it a safe platform to trade Bitcoin. The company follows international and local laws, which means more security to traders. It has more than 140 offices around Canada, Australia, and Europe, but it is U.K.-based.

Although it is a forex platform in its origins, it is still a powerful Bitcoin brokerage. This is because the company adapted its interface to include cryptocurrency trading. Furthermore, eToro has close to 23 million trusting users.

New users can start a crypto wallet with as low as $10, and the transaction fees are also quite reasonable. It takes little time and investment to trade cryptocurrency on eToro, and users can also exchange other cryptocurrencies, like the Shiba Inu coin.

What makes eToro different from most is the social network aspect, which makes trading friendlier and more accessible to the average user. For example, users can connect with others and copy their strategies. As a result, they can cut the learning curve and succeed faster. Furthermore, users can learn from past mistakes and avoid them in the future. In other words, new Bitcoin traders can piggyback off of successful investors.

Another factor that makes eToro outstanding is the direct connectivity to the blockchain. Users can complete their trade orders and transactions on the blockchain straightway. As a result, fees are minimal, and trading is more secure.

Outstanding Features

Copy Trading: Beginner Bitcoin traders love eToro for the CopyTrader feature. This option makes eToro a social network for Bitcoin traders and investors. Users can post valuable insights, connect with others, and copy successful portfolios. Furthermore, they can multiply their investment without prior experience.

Copy Portfolios: This is another helpful feature that makes eToro a favorite Bitcoin exchange, and users interested in investing in cryptocurrencies can try it. Artificial intelligence and machine learning algorithms create customized portfolios, so users can start investing and earning at full tilt without experience or stress.

Demo Account: eToro users can get $100K in virtual money, so they can build their portfolio and test strategies before fully committing. The demo account lets users experiment in real-time market conditions risk-free. 

Low Prices: This exchange makes it easy for the average user to invest in Bitcoin. It does that by bringing together several cryptocurrency exchanges under one roof. Thus, users can get the best rates for buying, selling, and exchanging Bitcoin, and it also means lower fees and more trading options.

Global Marketplace: eToro has users in more than 140 countries worldwide, and the company is expanding and introducing new products to its users. It is also available in 19 languages, making it a good choice for international users.

  • A pioneer in social investing
  • Low transaction fees
  • On-platform wallet
  • Learn from experienced traders
  • Powerful security technologies

Cons

  • Highly regulated around the world
  • Forex trading unavailable in the U.S.

Click here to open an eToro account.

3. Coinbase

Best Bitcoin and Cryptocurrency Exchanges

Coinbase is one of the oldest and most established Bitcoin exchanges in the crypto game, and it has been expanding non-stop since 2012. It has more than 73 million happy traders in over 100 countries. These users exchange approximately $100 billion every year on the decentralized platform.

Currently, Coinbase has more than 2,700 employees, and the platform manages around $255 billion in assets. Coinbase is not your average Bitcoin exchange. Why? Because it has deep roots in the industry with international backing.

Coinbase offers users two trading platforms and a distinguished cryptocurrency wallet product. In short, users can customize this Bitcoin exchange regardless of their experience level. Both beginner heavy investors and old-time traders will find what they need.

Users can buy, sell, and exchange Bitcoin, and they can also trade more than 100 cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin.

Coinbase is one of the rare Bitcoin exchanges that offers insurance. Think of it as a highly guarded Bitcoin exchange, similar to a maximum-security bank. If a hacker steals a user’s assets, Coinbase can reverse the loss to some extent. It is no wonder users and investors choose Coinbase in scores.

It is not difficult to imagine why Coinbase has become a top-ranked Bitcoin exchange, as it was the first Bitcoin exchange to join the U.S. stock market at a higher stock price than Facebook. Furthermore, it is investing in other cryptocurrency companies by offering a cryptocurrency fund.

Outstanding Features

Learn and Earn: Coinbase has many free cryptocurrency courses available to the public. Users can join these free programs and earn cryptocurrencies by completing them. Not only can users learn all about cryptocurrencies, but they can also make money while doing it.

Borrow: Coinbase offers its lending program as well, where users can borrow fiat currency with their Bitcoin as collateral. Furthermore, they can borrow up to 40% of their Bitcoin assets, up to $1 million in total. The interest rate on such a loan is 8%, and there is no credit check needed.

Build Crypto Infrastructure: Developers can use Coinbase API to build Bitcoin applications, which enables them to examine the market, spot opportunities, and create trading strategies. Using Coinbase Pro features, developers get access to a wealth of data.

Secure Wallet: Coinbase offers a sophisticated wallet for storing Bitcoin and NFTs. Whether on mobile devices or web browsers, it is compatible with more than 500 tokens. Users can also trade their NFTs in one place, which is much better and faster than having crypto assets scattered over several platforms.

Convenience: Coinbase is still easy to use, despite all of the bells and whistles. The website and mobile app are intuitive to learn, so you do not need additional training to use the features on offer. Furthermore, users can start trading from day one without outside help.

Multiple Cryptocurrencies: Users can exchange more than 100 cryptocurrencies on Coinbase, making it one of the largest Bitcoin exchanges in the world. Overall, it offers more cryptocurrency pairs to trade than its competitors.

  • A large number of cryptocurrencies
  • Beginner-friendly
  • Advanced trading platform for professionals
  • Earn cryptocurrencies by completing educational material
  • Crypto-to-crypto trading
  • Insured
  • Developer-friendly
  • NFT-enabled
  • Android and iOS apps

Cons

  • Costly for small traders
  • Poor customer service

Each exchange has its own advantages. After considering the essentials and benefits for investors, we have come up with a list of Top 3 Best Bitcoin and Cryptocurrency Exchanges for 2022. Hope this article will bring many more information useful for you.

Investiki.com

Read more: Binance, etoro

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