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12 Best Bitcoin Exchanges in 2022

12 Best Bitcoin Exchanges in 2022

  • 21 May 2022
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Bitcoin exchanges are platforms that facilitate the trading of cryptocurrencies against other assets, including digital and fiat currencies. Best Bitcoin exchanges act as an intermediary between a buyer and a seller, making money through commissions and transaction fees.

On common bitcoin exchanges, 100 US dollars can be exchanged for bitcoins of the same value and vice versa. Likewise, $100 worth of Bitcoin can be exchanged for Ethereum of the same value. The same concept can be applied to different assets depending on what is offered by the exchange.

Centralized vs. Decentralized Bitcoin Exchanges

Centralized bitcoin exchanges act as a third party between a buyer and a seller. Because they are operated and controlled by one company, centralized exchanges offer more reliability. Approximately 99% of all crypto transactions go through centralized exchanges. Examples of centralized bitcoin exchanges are:

  • Coinbase
  • GDAX
  • Kraken

Decentralized bitcoin exchanges (DEX) allow users to conduct peer-to-peer transactions without the need for a third party or an intermediary. Due to some issues related to centralized exchanges, decentralized exchanges are preferred by some users.

However, decentralized exchanges do not facilitate the trading of fiat currencies against cryptocurrencies. Examples of decentralized bitcoin exchanges are:

  • AirSwap
  • Barterdex
  • Block net

Advantages of centralized bitcoin exchanges

User friendly

Centralized exchanges offer beginners a familiar, friendly way of trading and investing in cryptocurrencies. Unlike using crypto wallets and peer-to-peer transactions, which can be complex, centralized exchanges allow users to log into their accounts, view their balances, and conduct transactions through apps and websites.

Reliable

Centralized exchanges offer an extra layer of security and reliability when it comes to transactions and trading. So By facilitating the transaction through a developed, centralized platform, centralized exchanges offer a higher level of convenience.

Disadvantages of centralized bitcoin exchanges

Hacking risk

Centralized exchanges are run by companies that are responsible for their customers’ holdings. Large exchanges typically hold billions of dollars worth of bitcoin, making them a target for hackers and theft.

An example of such an incident is Mt.Gox, which was once the world’s largest cryptocurrency exchange company before reporting the theft of 850,000 bitcoins, which led to its suspension.

Transaction Fees

Unlike peer-to-peer transactions, centralized exchanges often charge high transaction fees for their services and convenience, which can be particularly high when trading large amounts.

centralized bitcoin exchanges

Advantages of decentralized bitcoin exchanges

Hacking Risk Mitigation

Decentralized exchange users do not need to transfer their assets to third parties. Therefore, there is no risk of any company or organization being hacked and users are assured of greater security from hacking and theft.

Prevention of market manipulation

Because of their way of facilitating peer-to-peer cryptocurrency exchanges, decentralized exchanges prevent market manipulation and protect users from fake trades and wash trading.

Anonymity

With decentralized exchanges, customers do not have to fill out know-your-customer (KYC) forms, providing users with privacy and anonymity.

Disadvantages of decentralized bitcoin exchanges

Complexity

Decentralized exchange users must remember their crypto wallet keys and passwords or their assets will be lost forever and cannot be recovered. So They require the user to learn and become familiar with the platform and process, unlike centralized exchanges that offer a more convenient and user-friendly process.

Missing fiat payments

Decentralized exchanges do not allow fiat currencies to be traded against digital currencies, making them less convenient for users who do not already own cryptocurrencies.

Liquidity problems

About 99% of crypto transactions are facilitated by centralized exchanges, suggesting they account for the bulk of the trading volume. Due to the lack of volume, decentralized exchanges often lack liquidity and it can be difficult to find buyers and sellers when trading volume is low.


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12 Best Bitcoin Exchanges in 2022

ZenGo

ZenGo is a non-custodial, keyless crypto wallet that makes it the easiest and most secure wallet to invest in cryptocurrency. Also, Create an account in just 19 seconds and be the true owner of your crypto.

Features:

  • Buy Terra Coins with 0% processing fees
  • Earn up to 8% on BTC, ETH, and stablecoins
  • Store, buy, trade, send and receive BTC, ETH, SHIB, DOGE, and more
  • Sell bitcoin in Europe, the UK, and the US
  • Exchange the different cryptocurrencies from almost anywhere in the world
  • Enjoy 24/7 human agent support

PrimeXBT

PrimeXBT is a cryptocurrency exchange that allows users to access multiple markets from a single account. It offers easy access to cryptocurrencies, stock indices, commodities, and forex.

Features:

  • Improve your trading results by using leverage.
  • It helps you to automatically copy their trading activities to get the same returns.
  • Multiple liquidity providers allow for the best prices and the ability to benefit from both rising and falling prices.
  • Supported platforms: Android, iOS.

Crypto.com

Crypto.com is one of the best cryptocurrency exchanges that allow you to buy 200+ cryptocurrencies with 20+ fiat currencies. Also, It allows you to access, manage and spend your money at any time. Crypto maintains the highest security and compliance standards.

Features:

  • You can trade fee-free and even earn up to 0.01% on the taker fee you pay
  • You can track 250+ cryptos by setting up price alerts and price movement alerts
  • Offers the lowest fees when you buy with a credit/debit card or bank transfer
  • You can participate in The Syndicate discount token sale events and buy crypto with up to a 50% discount.
  • Supported platforms: iOS and Android.
  • Supported cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), XRP, Litecoin (LTC), USDT, USDC, and CRO

Binance

Binance is one of the best bitcoin exchanges that offers a platform for trading more than 150 cryptocurrencies. This online program has an API to integrate your current trading application.

Features:

  • This application offers a wide range of tools for online trading.
  • It is one of the best cryptocurrency exchanges that offer 24/7 support.
  • Binance is compatible with web, iOS, Android, and PC clients.
  • It offers both basic and advanced exchange interfaces for trading.
  • It makes 1.2 billion on average daily trading volume with more than 1,400,000 transactions per second.
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Binance

Coin Base

Coinbase is an online platform that can be used to buy, sell, transfer and store digital currency. It securely stores a wide range of digital assets in offline storage. This platform supports more than 100 countries.

Features:

  • You can buy and sell any digital currency and track them in one place.
  • It offers an app for iOS and Android devices.
  • You can schedule your forex trading on a daily, weekly, or monthly basis.
  • It stores your money in a vault for security reasons.
  • It is one of the largest cryptocurrency exchanges
  • Get $5 in free bitcoin for signing up

FixedFloat

FixedFloat is the cryptocurrency exchange that boasts fast processing, is friendly, and has a robust design. It’s the only instant exchanger that supports the Lightning Network.

Features:

  • You don’t have to log in or register. Your exchange is completely anonymous.
  • Supports have low commissions and fast bitcoin exchanges.
  • Supports more than 30 cryptocurrencies.
  • They have specific exchange fees like a floating rate: of 0.5% and a fixed rate: of 1%.
  • Offers two exchange strategies namely: fixed-rate and float rate.

Change NOW

changeNOW is the no-custodial bitcoin exchange that lets you buy, sell and trade over 1000+ crypto pairs. It works with multiple cryptocurrency trading platforms and exchange partners to offer you the best rates. They allow you to get decentralized liquidity from Uniswap and Pancakeswap. So It is an instant fiat to crypto and crypto to bitcoin exchange platform where you can trade conveniently, quickly, and without limits.

Features:

  • Allows cryptocurrency purchases with VISA, Mastercard, Apple Pay, Sepa, and Union Pay through their third-party partner integrations.
  • No account creation is required to use its services.
  • Allows you to follow the exchange progress on your EXCHANGE PAGE.
  • It supports fiat like USD and EUR.
  • Does it have its token NOW?
  • It has a mobile app supported on both Android and iOS.
  • Supports 1000+ crypto pairs and 200+ cryptocurrencies.
  • It lets you swap endlessly.

Kraken

Kraken is one of the best Ripple wallets that offers financial stability by maintaining full reserves, relationships, and the highest regulatory compliance standards.

Features:

  • A very comprehensive security approach
  • Allows you to buy and sell assets with a single click.
  • You can reach the support team via live chat.
  • Kraken automatically checks all addresses for errors.

Gemini

Gemini is a fully regulated exchange. It helps you legitimize cryptocurrencies worldwide. The exchange trades the following cryptos: Bitcoin, Ethereum, Litecoin, Bitcoin Cash, etc.

Features:

  • It’s a simple, elegant, and secure way to build a Bitcoin and crypto portfolio.
  • Discounts up to 0% for volume merchants
  • Offer good security measures
  • For many investors, regulation means trust.

KuCoin

KuCoin is one of the best bitcoin exchanges that offers the latest and safest platform for trading between cryptocurrencies. Also, It is one of the best crypto platforms that offers 24/7 customer support.

Features:

  • It is one of the best bitcoin exchanges to help you buy bitcoin safely.
  • It is one of the best bitcoin exchanges that offer you a quick and easy way to trade.
  • You can create a KuCoin account in less time.

StormGain

StormGain is a bitcoin exchange that allows you to easily invest in digital currencies. It includes an easy-to-use dashboard to help you see rising and falling assets. This application contains charting tools to track trends and price movements.

Features:

  • It protects your cryptocurrency in a secure wallet.
  • You can choose the payment according to your needs.
  • StormGain is available in English, French, Spanish, Italian, etc.
  • This cryptocurrency exchange supports Ethereum, Litecoin, Tether, Bitcoin Cash, and more.
  • Supported platforms: Android and iOS

Paybis

Paybis is a cryptocurrency exchange that allows you to easily buy bitcoin with a debit card or credit card. So This platform supports Bitcoin, Litecoin, Ripple, Stellar, Tether, and more.

Features:

  • It protects your data using security standards.
  • Offers 24/7 live customer support.
  • You can buy crypto anywhere.
  • Allows you to verify your Paybis account in just a few clicks.

The different types of bitcoin exchanges

The term “exchange” can be used to refer to a variety of cryptocurrency brokers, trading platforms, and other services. Different types of exchanges are often more geared towards novice or more experienced users.

For beginners – cryptocurrency brokers. Buy direct from cryptocurrency traders for easy, quick, and easy purchases. Many beginners use brokers for their first purchase. Also, CoinSpot is an example of a cryptocurrency broker.

For intermediaries – cryptocurrency trading platforms. Buy and sell cryptocurrencies in an open market with competitive fees, a wide range of cryptocurrencies, and optional add-on features like margin trading. While these platforms are a bit trickier than brokers, they can still be quite beginner-friendly. Also, Binance is an example of a cryptocurrency trading platform.

For advanced users – cryptocurrency derivatives platform. These trading platforms do not sell cryptocurrencies directly. Instead, you can trade cryptocurrency derivatives. They are intended for advanced traders who want high-speed, high-leverage, highly liquid platforms with a full range of features.

To wrap things up

By now you have probably selected the best bitcoin exchange for your needs and created your very own crypto wallet. The world of cryptocurrencies is changing by the minute and all these sites are constantly evolving. But rest assured that if you sign up with the best bitcoin exchange, you can trust them with your coins or tokens for a long time. The platforms are mature and the bad apples have long since been retired. It’s just a matter of nuance at this point.

4 responses to “12 Best Bitcoin Exchanges in 2022”

  1. Herve Fodouop says:

    Good informations

  2. Joel Nando Bertorelli says:

    Yes all of these commemorated companies are good to use. You definately have to try them yourself though to truely understand each one’s traits.

  3. Angela says:

    Very usefull info abou Best Bitcoin Exchanges in 2022

  4. Yanga Jili says:

    Great info about Bitcoin exchanges this year

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