5 best crypto exchanges of 2022

Introduction

If you are looking to start trading cryptocurrency, you need to have an account on a crypto exchange. And at the beginning of your trading journey, it might become a little difficult to choose the right crypto exchange for yourself. Or if you want to be completely sure about what you’re getting into, check out the crypto trading signals provider. They always use top exchanges for security and liquidity reasons.

Here’s our list of best crypto exchanges that you can start your trading journey within 2022.

1.    Coinbase

Coinbase is among the leading crypto exchanges in the market. It is easy to use and completely secured. Coinbase Pro, offered by Coinbase with the same fee, comes with even more details and features of charts & indicators. Thus advanced users can benefit from this. The best part is that your investment is insured against data breaches.

Pros:

• Popular, thus a high level of liquidity.
• Great variety of altcoins
• Simple to use
• Safe, Secure & Reliable

Cons:

• Custodial Wallets

2.    Cash App

Cash App is a P2P money transfer app. It acts as a bank and has its own debit cards. You can use it to make payments at support retail stores. Cash App is simple to use with users having easy options to withdraw their cryptocurrency into other wallets. It also has a basic cryptocurrency investment feature along with options to invest in stocks, ETFs, and Bitcoin.

              Pros:

• P2P money transfer
• Simple UI
• Can withdraw bitcoin into your wallet

Cons:

• Does not support altcoins.
• Withdrawal limits
• Not for advanced crypto investors

3.    Binance

Binance is one of the most dominant crypto exchanges in the crypto market. It was started in 2017 with a specialization in altcoin trading. Being caught up in controversy in the U.S. in 2019, it was banned there. But Binance.US has made a great comeback in the market. It’s a suitable crypto exchange for people looking to invest in less known altcoins.

              Pros:

• A large variety of trading pairs and altcoins
• Advanced charting suiting advanced professionals
• Lower fees than its competition in the market

Cons

• More suitable for advanced traders
• US has less variety than its global version
• Still some issues in some states

4.    Bisq

Bisq stands out from most of its competition by being non-custodial and decentralized. It is a downloadable software that acts as a P2P decentralized cryptocurrency exchange. Being non-custodial, this exchange gives you complete control over your funds. A custodial crypto exchange can withhold your account for any activity it considers suspicious. With a non-custodial exchange, that cannot happen.

              Pros:

• Mobile app for both Android and iOS
• Decentralized, non-KYC
• Non-custodial
• 15+ payment options

Cons

• Trading volumes are not as high as Binance or Coinbase
• Not really designed for active trading
• Transaction speed is slow

5.    Kraken

Kraken is a leading cryptocurrency exchange hosting over 80 cryptocurrencies. It supports varied trading options like margin, Futures, and OTC trading. For high net-worth individuals, Kraken even provides an account management service.

            Pros:

• Rich Educational Resources
• Staking Rewards
• 5x borrow limit in margin trading
• Android and iOS apps

Cons

• Currently unavailable to US traders
• Consultation and account management are only available to high net-worth individuals.

Conclusion

It is common for newcomers in the field to completely skip the crypto exchange researching and jump onboard the one that appears at the top of their Google search. But that’s not the way to go about it. Crypto exchange will determine a lot of things like the crypto assets you can trade-in, ease of trade, ease of withdrawal, additional features, security, reliability, and the fee you are going to pay on every transaction. Hope our list helps you make a better and informed decision.