March 21, 2023
op Picks for the Best Crypto Exchanges 2022

Looking at the top picks for cryptocurrency exchanges in 2022? You have come to the right place! More and more people are interested in cryptocurrency these days (even when the crypto crashed), from big banks to small investors. To join in, you need a crypto exchange account where you can buy and sell digital currencies like Bitcoin, Ethereum, and Dogecoin.

A crypto exchange is a place where digital currencies like Bitcoin, Ether, and Dogecoin can be bought and sold. The way cryptocurrency exchanges work is similar to how other trading platforms work. They give you an account where you can make different kinds of orders to buy, sell, and gamble on the cryptocurrency market.

Some cryptocurrency exchanges offer advanced trading options like margin accounts and futures trading, but these options are less common for U.S. users. Others let you earn interest on your crypto holdings through features like “crypto staking” or “crypto loans.” The best exchanges have ways to learn about crypto so you can always be up to date.

At crypto exchanges, traders can buy, sell, and change between different types of cryptocurrency. They are needed for cryptocurrency trading to be as big as it is today. Some exchanges have the most competitive prices or speeds, while others offer financial products that aren’t available anywhere else. We have collected the recommendations from some of the publications on the subject and coined their top pics for best crypto exchanges for 2022.

Read on to learn about the best cryptocurrency exchanges, how they work, and which one you should choose. Let’s go!

Top Picks for the Best Crypto Exchanges 2022 as of July, as suggested by Money are Coinbase, Binance,, BlockFi, and Bisq. They categorized those they chose based on the following criteria:

According to Investopedia, here are their top picks for cryptocurrency exchanges:

  • Best Overall and Best for Beginners: Coinbase
  • Best Mobile App:
  • Best for Security: Gemini
  • Best for Altcoins: BitMart
  • Best for Low Fees and Best for Experienced Traders: Kraken
  • Best for Bitcoin: Cash App
  • Best Decentralized Exchange: Bisq

Though Forbes recommends its partner exchanges, they still have managed to come up with two significant recommendations:

  • As of Feb. 10, 2022, has the most coins of the exchanges Forbes has looked at, with almost 1,300. But depending on where you live, you might not be able to get all of these coins.
  • For spot trading, Binance.US, KuCoin, and bitFlyer have the lowest fees of the exchanges we looked at, at 0.10 percent. You may be able to get more discounts based on how much you trade or how much of the platform’s native token you own.
  • CER, a third-party company that evaluates crypto security, says that Kraken is the safest place to trade crypto. CER is a good place to start when figuring out how safe a crypto exchange is, but you should also think about whether it stores most of its customers’ assets offline, has security measures like two-factor authentication, and insures coins to protect their value in case of a hack.

Different kinds of exchanges for crypto

In general, there are two types of crypto exchanges: those that are centralized and those that are not. Each category has its own good points and bad points.

Exchanges in one place

One organization runs centralized crypto exchanges (CEX). Centralized exchanges make it easy to start trading cryptocurrencies because they let users directly change their fiat currency, like dollars, into crypto. Most cryptocurrency trading happens on centralized exchanges.

Some crypto fans don’t like centralized exchanges because they go against the idea that cryptocurrency should be decentralized. Some crypto users think it’s even worse if the company or group makes them follow Know Your Customer (KYC) rules. In order to stop money laundering and fraud, each user must give their name and address, just like when you open a bank account.

Another problem with centralized exchanges is that they can be hacked. With a CEX, the exchange keeps the crypto that is traded on its platform, at least while the trades are going through. This makes it more likely that hackers will steal assets.

In the past few years, centralized crypto exchanges have made their security stronger to deal with this risk. They now, among other things, store most of their customers’ assets offline and buy insurance to cover crypto losses in case they get hacked.

If you like how easy it is to use a centralized exchange, you can lower your risk by moving your crypto to a hot or cold wallet that is not on the exchange.

Exchanges with no one in charge

Decentralized crypto exchanges (DEX) divide up the work of making trades possible and making sure they are legitimate. Anyone who joins a DEX network can verify transactions, which is similar to how blockchains for cryptocurrencies work. This could make the exchange more accountable and open, and also make sure it can keep running no matter what happens to the company that made it.

The problem is that decentralized exchanges aren’t as easy to use, both in terms of how they look and how they convert currencies. For example, users can’t always deposit dollars and trade them for crypto on decentralized exchanges. This means that you must already have crypto or use a centralized exchange to get crypto that you can then use on a DEX.

You’ll probably also trade directly with other people. This means it might take longer to find someone who wants to buy what you’re selling, and if liquidity is low, you might have to make price concessions to buy or sell a low-volume cryptocurrency quickly.

Global Cryptocurrency Markets

Around the world, there are almost 600 cryptocurrency exchanges where investors can buy and sell bitcoin, Ethereum, and other digital assets. But prices, quality, and safety are all very different.

SOURCES: Money, Forbes, Investopedia