With the wide popularity of cryptocurrencies, more and more cryptocurrencies are released in the market which offers investors different options to invest and earn. Crypto exchanges are the platforms where traders and investors buy, sell, and convert various cryptocurrencies. It is very important for crypto investors to know the best crypto exchanges available so that they can experience smooth transactions without the fear of scammers. Here are the top five crypto exchanges that investors can look forward to in 2022.
Coinbase is the ideal crypto exchange for beginners as the user interface is easy-to-use and also offers comprehensive study materials on blockchain technology and cryptocurrencies. Coinbase is the most popular and largest crypto exchange in the US. Beginners can easily enter the investment market through Coinbase as it avoids all the complexities in the procedures. The learning materials in Coinbase help beginner traders to learn the basics of trading. The security features of Coinbase are also appreciable. It uses two-factor authentication and stores about 98% of the cryptocurrencies of the customers offline and also provides an insurance policy to protect the crypto assets up to $250,000. Coinbase Pro is another exchange platform of the company that offers advanced charting as well as trading features.
Binance.US is one of the most popular exchanges that offer the most liberal fee structure. Considering the trade volume, Binance.US is considered to be the largest crypto exchange in the world. The fee of the exchange decreases with an increase in your trading volume. If you are using BNB, which is the proprietary cryptocurrency of the company, you can avail of discounts. If you are interested in the direct purchase of coins, you can buy them in USD, avoiding conversion fees. Binance.US cannot be used in Idaho, Hawaii, New York, Louisiana, Vermont, and Texas.
The different protection layers Crypto.com offers to defend against cyber-attacks and crypto scams are the reason that adds to the popularity of this crypto exchange. Crypto.com has achieved the first rank in the Cybersecurity Ranking and acquired the top rank among the 100 exchanges of CERtification Platform by the cybersecurity rating. The exchange also used different techniques to make sure that the traders’ cryptocurrencies are safe on the platform. Crypto.com uses multi-factor identifications like biometric, phone, email, authenticator verification, etc.
BlockFi is the best option for those looking to earn interest as the exchange offers an opportunity for users to earn interest by lending their cryptocurrencies. The exchange also makes financial products to help the conservative traders. BlockFi Interest Account is an attraction of the exchange as it offers 9.5% APY as a form of monthly compounding interest for the investors who are interested to store their crypto assets in the account.
Bisq is an open-source platform that is decentralized, yet offers unlimited currency support. The interface of Bisq is easy-to-use as well as simple. As it is an open-source platform, the design of the exchange is available publicly. The user community of Bisq funds the project with their donations and personal savings.