Best 6 Crypto exchange in 2022 | Beginners friendly
What is a Crypto Exchange?
A cryptocurrency exchange is a website where you can buy and sell cryptocurrency. You can use exchanges to convert one crypto to another, such as Bitcoin to Litecoin, or to buy crypto with regular currency, such as the US dollar. Exchanges display current market prices for the cryptocurrencies they provide. You can also use an exchange to convert cryptocurrencies back into US dollars or other currencies, which you can keep as cash in your account (if you want to trade back into crypto later) or withdraw to your regular bank account.
Best 6 Crypto Exchange
Binance
Binance.comis the largest cryptocurrency trading platform in the world. 1 It is not particularly user-friendly because it provides a diverse range of trading options and features. Depending on their level of experience and knowledge, investors may face a steep learning curve with Binance.
PROS
. Volume and exchange-token discount, which can make already-low fees almost negligible.
. More than 50 coins are currently available for trading.
. Basic order types, as well as OTC trading, are enabled.}
CONS
. Coin offerings are limited compared to Binance and even other major exchanges, which may offer four to seven times as many coins.
. No support for margin trading.
Maker/Taker Fees (0.1%/0.1%)
CLICK HERE TO JOIN BINANCE NOW
KuCoin
KuCoin is a major cryptocurrency exchange that allows users to buy, sell, and trade cryptocurrencies. The platform provides margin, futures, and peer-to-peer (P2P) trading in addition to basic trading options. Users can also earn rewards by staking or lending their cryptocurrency. KuCoin has lower trading fees than some of its competitors, making it an appealing option.
PROS
. Hundreds of tradable cryptos with low fees.
. Can decrease trading fees by 20% by paying with KuCoin’s proprietary KCS stable coin.
. Automated and margin-based trading available.
CONS
. Trading relies on U.S. dollar stablecoins, not fiat currency.
. Though you can use U.S. dollars to buy select crypto, you must do so using an OTC, peer-to-peer market that may be too complex for beginner investors.
Maker/Taker Fees (0.1%/0.1%)
Gemini
Gemini is a user-friendly cryptocurrency exchange that may be suitable for both novice and experienced traders. Gemini is worth considering if you're interested in crypto investing or trading because it has industry-leading security features, its own hot wallet, and a comprehensive support center.
PROS
.Simple, easy-to-use interface.
.Available in all 50 states, including New York, a common omission from other crypto exchanges’ offerings.
CONS
.Convoluted fee (and high) structure when not spot trading.
Maker/Taker Fees (0.25%/0.35%)
Coinbase
Coinbase provides an excellent platform for anyone to buy, sell, store, and exchange cryptocurrency. It's especially useful for cryptocurrency newcomers who want a straightforward buying and selling experience without having to deal with the complexities of external wallets and decentralized exchanges.
PROS
.Beginner-friendly interface and easy purchase process.
.Strong user reviews and security ratings.
.It's an educational Learn platform that rewards users with cryptocurrency when they learn about crypto.
CONS
.High fees for convenience.
.Must use a separate, more complex platform to access a lower pricing structure.
Maker/Taker Fees (1.99%/1.99%)
CLICK HERE TO JOIN COINBASE NOW
Gate.io
With over 1400 digital currencies, it is the largest global cryptocurrency exchange. Beyond its centralized cryptocurrency exchange, Gate.io provides one of the largest selections of crypto assets as well as other services such as decentralized finance, research and analytics, venture capital investing, wallet services, and more.
PROS
.Huge selection of available cryptocurrencies, though some may be unavailable based on location
.Discounts and privileges for holders of GateToken, the platform’s native cryptocurrency
CONS
.No services are available to residents of the U.S. and Canada
.Potentially overwhelming to new investors
CLICK HERE TO JOIN COINBASEGATE.IO NOW
Houbi Pro
The Huobi.Pro exchange platform is a cutting-edge piece of technology that ranks alongside the best trading platforms in traditional financial markets. The trading interface includes price feeds, charting, market depth data, and even profiles describing individual cryptocurrencies.
PROS
.Sophisticated yet user-friendly dashboard and platform
.More than 230 tradable assets
.Three different exchanges/trading platforms
CONS
.Fiat deposits and withdrawals are not supported
.Low withdrawal limits
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