Crypto Exchanges work like stockbrokers, except they give you the tools to purchase and sell cryptocurrencies. Good crypto exchanges make the buying and selling process easy and take up low fees while offering a high level of security to protect your coins and money.
When deciding what crypto exchange you should use, you need to look at their supported currencies, the fees they take for transactions, their security measures, and the withdrawal options they offer. These are our picks for the top crypto exchange you should use!
Note: Use these crypto exchanges at your own risk. Just like most investments, investing in crypto is a risk. Make sure you do your research and understand all the risks involved before putting any money into it.
The Best Crypto Exchange to Use in 2022!
Coinbase
Coinbase is one of the most reputable crypto exchanges out there. It has been around since 2012 and offers over 50 different cryptocurrencies to its users for trade. Coinbase is great for new users due to its simple and easy-to-understand interface. Coinbase has an upgraded version, CoinbasePro, that offers advanced features and more options for more advanced crypto traders.
Coinbase gives all its users a free wallet with a private key upon registration. It is known for its security and safety, as they store almost 98% of their customers in offline storage to keep them protected from hacks. The exchange also has an insurance policy on their crypto holdings, but that doesn’t mean all your coins or money will be returned to you if a hack occurs.
eToro
eToro offers its users much more than just crypto in its exchanges. It is also one of the biggest exchanges for stocks, ETFs, and other commodities. With all of that, it also offers over 40 cryptocurrency options to its users.
eToro offers special practice tools that are great for beginners to get into and start learning the ins and outs of crypto trading. It is an exchange with security measures on par with other top exchanges like Coinbase. Users are also required to provide official identification to sign up and use the exchange.
Gemini Crypto Exchange
Gemini is an exchange that has been around since 2014. The exchange offers almost 60 various cryptocurrencies to buy and sell on its platform. While it is great for beginners, it also has options to upgrade and use features that only advanced users would understand.
Gemini is one of the best exchanges in terms of security and safety. It stores most of its users’ crypto in offline storage, just like Coinbase. It also gives users an option to use hardware security keys on their wallets for extra security.
Another great thing about this crypto exchange is its affordable fees and rates. Fees on transfers of less than $200 range from only $0.99 to $2.99! The mobile app it offers is also user-friendly and simple to use.
