Cryptocurrency has been gaining the attention of different financial institutions in addition to foreign investors. However, you need to find out the top crypto exchanges that are trusted to continue with your cryptocurrency buying and selling. Cryptocurrency exchanges have a profound similarity with the stockbroker. The simple trick to finding out the auspiciousness of a cryptocurrency exchange is its security and fee structure. In case, they serve you with lower fees and other security features, you should go for them.

If you are also thinking of starting dealing with cryptocurrency to plunge into a global market for gaining financial benefits, then you need to access the right exchanges where your investment is not exposed to any sort of security issues. If you are thinking about which cryptocurrency exchanges to prefer, don’t worry! We are here with a detailed list of cryptocurrency exchanges. Therefore, please continue reading to explore the important details of the top 10 cryptocurrency exchanges with us!

10 Top Crypto Exchanges of 2022 – Reviewing the Top-Notch Exchanges

1. Kraken

• Transaction fees: 0% to 0.26% per trade
• Trading on mobile apps: Yes
• Drawbacks
• Slightly complicated for beginners
• Account verification is time-consuming
• Customer support availability is limited

Kraken has made a remarkable position among the market-worthy cryptocurrency exchanges because it is unparalleled for excellent customer support. I have been using this top crypto exchange for quite some time. I must admire it for the superb range of features, including the best security, highly elegant interface for users, and seven fiat currencies available. This global crypto exchange offers these currencies are USD, CAD, CHF, JPY, EUR, AUD, and GBP. With all these features, you will enjoy freedom in selling and buying different currencies without any security worries.

In addition to these features, you will also be glad to learn that this cryptocurrency platform is also offering your 50+ cryptocurrencies so that you can enjoy dealing with the variety without limiting yourself to fewer currencies. Kraken has three different packages when it comes to accounts. Among these, they offer you to make a start, intermediate, or pro account depending upon your use and requirements. If you intend to deposit, withdraw, and exchange, then a starter account of this best crypto exchange will be perfect for you.

2. Crypto.com

• Transaction fees: 0.04% to 0.4% maker fees and 0.1% to 0.4% taker fees
• Trading on mobile apps: Yes
• Drawbacks
• Complicated app system
• Questionable privacy
• Ambiguous funding source

If you love bonuses, then Crypto.com is the top crypto exchange available for you in 2022. There are many aspects associated with this best crypto exchange that will help you flourish financially. These features include good security, minimal exchange fees compared to other platforms, and an opportunity to gather crypto coins. If you are wondering how much bonus you will get on the signup, then we have good news for you. For sign-up, Crypto.com will be paying you $50. Also, the regular promotional offers are another best reason to opt for it.

Crypto.com was incepted in Hong Kong in 2016, and it has been expanding on a global scale, allowing a wide range of investors to do effective trading, buying, selling, and spending. You will be glad to learn that it levies a minimal fee of 0.04% to 0.20% in terms of the exchange fee. Also, this cryptocurrency exchange offers you a wallet termed a ‘non-custodial DeFi wallet.’ It also has an app to easily transfer money using a reliable link provided by this exchange through your account.

3. eToro

• Transaction fees: 0.75% to 5.0%
• Trading on mobile apps: Yes
• Drawbacks
• Elevated fees for trading
• Customer service needs an improvement
• Single account currency

In the list of the top crypto exchanges of 2022, eToro has made its mark because of the unique blend of the features and packages compared with the conventional cryptocurrency platforms. I have been dealing with this exchange for quite some time, and I must say that it is unbeatable when it comes to efficiency, especially if your target is Crypto and FOREX. Furthermore, you will also be glad to learn that eToro will not get any commission if you trade cryptocurrency. Like other platforms, the user interface is very simplified.

With the ease of navigation, you will efficiently sell and buy through it. Among other features, we must not forget to tell you that if you are a US-based crypto investor, you will be at ease signing up for it because it has slightly relaxed sign-up requirements for US individuals. There is a wide range of coins, e.g., BTC, ETH, and others, that this best exchange crypto trades in, giving you the freedom to decide what is best for you, your business, or your institution. This platform has made excellent progress from 2007 to date because of its outstanding performance.

4. Coinmama

• Transaction fees: 5% (Deposits) and 5.5% (Purchases)
• Trading on mobile apps: No
• Drawbacks
• Highly expensive
• The inability of crypto-crypto transactions
• Bitcoin selling needs an EU bank account

Coinmama has left behind the other top crypto exchanges available for traders in 2022 because it has special features like highly satisfying customer support, a user-friendly website offering easier navigation, and live pricing. If you are interested in Bitcoin trading, then no other cryptocurrency can be better than Coinmama because it has a matchless brokerage service for Bitcoin. To be more specific, you have the choice to sell and buy Bitcoins directly, unlike other exchanges. Also, if you are a non-US trader, this exchange is the best option because it has many operational languages.

You will be amazed to learn that there are 2 million users who prefer trading with Coinmama, and they are based in 188 different countries. Founded in 2013, Coinmama is one of the highest-rated cryptocurrency exchanges available. There are ten other cryptocurrencies apart from Bitcoin that you can use for buying and selling. In short, this platform is a complete package of the features that you might be looking for. There are many transfer forms like wire transfer, debit/credit card, Apple Pay, and many others.

5. Coinbase and Coinbase Pro

• Transaction fees: 0.04% to 0.50% for taker orders and 0% to 0.50% for maker orders
• Trading on mobile apps: Yes
• Drawbacks
• Inflexible wallet keys
• Slightly higher transaction fees
• Customer service needs improvement

Coinbase and Coinbase Pro have amazed millions of investors and business firms with their excellent performance, attributable to some facts. Firstly, it has made dealing in cryptocurrency very easy almost beginners can do it. In addition to this, you will be able to buy and sell a wide range of cryptocurrencies with strong security compared to other trading platforms. With the 123 different types of cryptocurrencies, you will be able to elevate your trade within a short period.

These features render Coinbase one of the top crypto exchanges to consider for trading in 2022. This cryptocurrency exchange also offers you Coinbase Pro with a minimal fee, just like Coinbase packages. However, you will see a myriad of additional characteristics provided to you in the form of different charts and trading indicators. There are many altcoin choices available for you to trade like a pro using this platform. Another remarkable feature of this platform is the user-friendly and highly simplified website interface. Also, this cryptocurrency exchange rate is favorable.

6. Cash App

• Transaction fee: 0.5% -1.75% fee (minimum fee can drop down to $0.25)
• Trading on mobile apps: Yes
• Drawbacks
• Solely supports Bitcoin
• Withdrawal limitations
• Charges on money transfers through credit card

Cash App is an unavoidable cryptocurrency platform that has made a strong position among the top crypto exchanges. It has a wallet that you can easily control if you want to withdraw and deposit. Another praise-worthy feature associated with this cryptocurrency platform is the capacity for transferring money in peer-to-peer mode, e.g., Venmo or Zelle. If you trade in Bitcoin, you will love using this app as it gives you the direct trading option. When I started dealing with Cash App, I loved the simple interface.

Therefore, even if you are a beginner at crypto dealings, you won’t find any issues using this user-friendly and simplified exchange. That is why different first-time investors express positive reviews and recommendations with it. This best exchange for crypto gives you the freedom of investing in other stocks and exchange-traded funds (ETFs) in addition to Bitcoin. Based on the different features, it won’t be wrong to call Cash App an exclusive bank account because you can use it anytime using the debit card issued by this cryptocurrency platform.

7. Bisq

• Transaction fee: 0.05% to 0.70%
• Trading on mobile apps: Yes
• Drawbacks
• Slower transaction speed
• Lower trading volumes
• Active trading feature unavailable

If your business and institution deal in multiple currencies, Bisq is the top crypto exchange to access. The reason is that Bisq offers you a total of 45 currencies, among which 18 are cryptocurrencies, and the rest are fiat. Also, a wallet is included for you, and you can use it to control the buying and selling you need to do. These highly flexible features will help you gain financial gains like never before. We strongly recommend you consider using this platform because it is a decentralized and open-source platform.

Another amazing news is that this open-source platform does not require you to comply with the Know Your Customer (KYC), which is mandatory in the case of the other well-known cryptocurrency platforms. Also, if you are not happy with your current cryptocurrency platform’s payment modes, then Bisq is the best option to switch to. The reason is that it has payment options exceeding 15 types. Therefore, it will be no issue for you to do payments. The mobile phone app is easily accessible on all smartphones operating on Android and iOS.

8. Binance.US

• Transaction fee: 0.015% to 0.1%
• Trading on mobile apps: Yes
• Drawbacks
• Suitable for pro-level investors
• Banned in some states
• Trading pairs could be further improved

Binance.US has made considerable progress since its inception because it offers you hundreds of currencies to buy, sell, and invest in. In addition, the lowest transaction fees will amaze you. That is why this is one of the top crypto exchanges that offer you flexible depositing and withdrawal options through your wallet. I have been using this cryptocurrency platform for quite some time, and I must admire it for the highly advanced charting system that gives you an insight into the current trading trends to gain clarity while investing.

In addition to these features, you will also be excited to learn that this high-rated Binance.US exchange offers you a myriad of cryptocurrencies to deal in. Additionally, the perfect trading pairs will save you from the hassle of researching and then opting. Primarily crypto exchange Binance was established as a trading exchange focusing on altcoin trading in 2017. However, in 2022, you will see the domination of the Binance.US over other market-worthy cryptocurrency exchanges qualifying in the higher trading volumes.

9. Compound Crypto

• Transaction fee: Variable
• Trading on mobile apps: Yes
• Drawbacks
• crypto-to-crypto trading lacking
• Unavailability of some features in the US
• Slightly expensive purchases

Compound Crypto has remained matchless due to its strong security feature. In addition to security, this top crypto exchange is also admirable regarding the lowest processing and transaction fees and freedom of choosing between different crypto assets. Other businesses and investment firms prefer working with this amazing cryptocurrency exchange because they offer a remarkable cybersecurity infrastructure.

Thanks to the security engineers for incorporating the highly complicated and security-focused algorithms saving you from any potential losses due to fraud. Indeed, this feature makes it distinctive among other cryptocurrency platforms.

This outstanding cryptocurrency platform allows you to deal in different currencies with ease because of the higher security. This exchange has received the highest ranking in the Cybersecurity Ranking and Certification Platform, with 100 platforms on its list. You should consider safety when opting for this exchange because there is a unique blend of features to make you prefer it over the others. Among these features, the most remarkable quality is the package of 250 coins that you can buy, sell, and invest in.

In addition, there is also a flexible wallet for you by the name of the ‘non-custodial DeFi wallet’. By using this highly versatile wallet, you will be able to do dealings at the speed you like. In this way, you will be able to make considerable interest in different tokens, e.g., crypto loans, margin trading, and visa cards for spending crypto in different modes. Overall, this crypto exchange offers you a unique mixture of features to elevate your trading to another level.

10. BlockFi

• Transaction fee: $20 for cash-to-crypto; $1.50 for crypto-to-crypto
• Trading on mobile apps: Yes
• Drawbacks
• Variability of service from state to state
• Limitations for fee withdrawal
• Highly economical fee structure

Having greater interests can be a source of happiness for all investors. So, why not opt for a top crypto exchange that is willing to deliver you higher interest-based earnings. You can be benefitted by choosing BlockFi, which has the best interest-based earning rates for you every month. Another good news is that it has excellent US institutional backing and regulation, adding to its reliability. Also, this cryptocurrency exchange will not gain any commissions on the dealing you do through it. No monthly fees are making it the best platform to opt for.

If you intend to borrow money via Bitcoin using it in the form of ‘collateral’, then this crypto exchange also facilitates you in this regard. Furthermore, this cryptocurrency exchange is also praiseworthy for the different occasional offers in bonuses and discounts. That is why this crypto platform is marked by profound higher volumes of trading when compared with the other conventional exchanges competing with it. BlockFi has also made progress in generating financial products so that conservative traders can derive benefit from it.

Based on my experience with this amazing crypt exchange attracting a wide range of investors, I strongly recommend you to opt for it and then do not forget to make BlockFi Interest Account. This BlockFi Interest Account is here to amaze you with only 9.5% of the APY monthly. With this account, you will gather compounding interests if you are storing any crypto in your account. The fee structure of this crypto exchange is affordable, and it offers you impressive cybersecurity. Go for it! You will love the matchless services!

FAQs

Which are the top-rated crypto exchanges to consider dealing with in 2022?

After working with the different top-rated crypto exchanges, we found some of them offering an amazing blend of features. In this regard, you can opt for top-rated crypto platforms like BlockFi, Crypto.com, Binance.US, Kraken, Compound Crypto, eToro, Coinmama, Coinbase, Coinbase Pro, Cash App, and Bisq.

What is the cryptocurrency exchange or platform, and how does it operate?

In general, cryptocurrency exchange or platform refers to an online marketplace that grants different individuals and companies trading services. These services are associated with the buying, selling, and trading the different types of cryptocurrencies. In terms of the operation, this platform operates in a similar manner way that an online brokerage does. In this regard, crypto users can enjoy depositing fiat currency, e.g., US dollars. As a result, they are given financial gains in cryptocurrency. Also, there are options for earning through elevated interests.

What are features important to consider before opting for a particular crypto exchange?

In 2022, there will be different crypto exchanges that offer you other services. However, you need to be careful about certain aspects that will make you financial gains. In this regard, we strongly recommend you to look for the features like online app-based trading, stronger cybersecurity, lower transaction fees, no limitations on the withdrawals, flexibility in depositing and withdrawals, user-friendly and simplified website interface, number of cryptocurrencies, and fiat currencies required, and ease of crypto-crypto transactions.

Is it safe to invest money by dealing through a cryptocurrency exchange or platform?

A wide range of investment firms and investor individuals are opting for cryptocurrency exchanges or platforms. In fact, some of the best platforms have expressed outstanding performance and achieved highly positive reviews. This shows that these platforms are highly secure to use. However, you need to opt for platforms that have stronger cybersecurity features. In this regard, you can go for eToro, Coinmama, Coinbase and Coinbase Pro, Cash App, Bisq, BlockFi, Compound Crypto, Binance.US, Kraken, and Crypto.com.

What is the procedure for buying cryptocurrency?

The procedure for procuring cryptocurrency is very simple. There are different centralized crypto exchanges available in 2022 that offer you funds deposition by using your bank account. Also, you can use your debit or credit card. After that, you will be able to exchange your money for different types of the cryptocurrencies like Bitcoin, Dogecoin, Ethereum, etc. Also, there are some centralized crypto exchanges that allow you to do direct dealing by offering the ‘Buy Now’ kind of transactions. There are other advanced options also to enable you to buy cryptocurrency.

Final Thoughts

We hope after reading about the wide range of the top crypto exchanges in this review guide, you should have gained clarity in choosing the type of platform that suits your requirements. We strongly recommend you to go for the platforms that offer you versatile features of the security and lowest transaction fees so that you can derive the financial benefits you dream of.

If you have any thoughts, suggestions, and queries, don’t forget to pour them into the comments section. We will be glad to respond to you. Thank you and take care!