Top Exchanges For Trading Cryptocurrencies in 2022

Cryptocurrencies have been around for the last decade and within this relatively short span of time, it has been able to disrupt the world of traditional finance substantially. Armed with the revolutionary technology of Blockchain, cryptocurrencies have become the new trend in the finance market.

In a situation like this, where many people are interested in this new and innovative technology, what is generally lacking is the right kind of education about cryptocurrencies and also about the exchange platforms where they can be traded or exchanged. 

A host of crypto exchange platforms have come up, offering innovative and exciting features such as rewards for staking, margin trading and advanced tools to help understand and conduct crypto trading. 

The following is a detailed list of some of the best exchange platforms for trading cryptocurrencies which people can use to exchange and trade crypto and other forms of digital assets such as NFTs. 

• Coinbase: A great option for Bitcoin-based traders

Coinbase is a globally popular name among crypto exchanges. They offer more than 80 different cryptocurrencies which include Bitcoin, Ripple, Litecoin, Ethereum, Dogecoin and many other popular cryptocurrencies. The Coinbase exchange also provides a wide variety of services for individuals as well as institutional clients. They have separate applications for Android and iOS users. They offer an account called Coinbase Earn where an individual can earn rewards in crypto for staking their digital assets or watching educational videos.

A couple of other features offered on this platform are the Coinbase Pro and the Coinbase Prime. The first one is meant for highly advanced traders while the latter one can be used by premium clients (those traders who possess a high net worth of at least $1 million) and other such institutions. Coinbase Pro users can benefit from advanced features such as bots for trading, charting tools and order books which are useful for gathering real time data. 

• Binance: A great option for low fees 

Binance recently launched Binance.US for their customers based in the United States, after their services came to an abrupt halt. The Binance platform is a globally popular and rapidly expanding platform. It supports more than 50 different cryptocurrencies on their network. It was primarily a platform meant for the US based customers. Much like that of Coinbase, they also offer useful services separately for institutions and individuals.

Some of the key features offered on the Binance platform include OTC Trading, crypto trading pairs, Stablecoins, recurring buys and most importantly, providing rewards for staking their crypto on the platform. These services basically automate the investment process according to a certain fixed schedule of investing that can be customised.

Binance offers around 1-10% staking rewards just for holding a bundle of digital assets over a prolonged period on the platform wallet. For instance, one can earn 1-2% from 20 QTUM stored in his or her wallet annually as a reward, which is pretty great. 

• Kraken: Great for margin and futures trader

Kraken’s platform hosts more than 80 different varieties of cryptocurrencies for both institutional clients and retailers. In terms of global reach, Kraken outperforms Binance. They are offering their services across 200 plus countries around the world. 

Kraken’s range of services cover both margin trading and futures trading as well. Leveraging the margin trading option, one can easily borrow up to five times what they have in their account. They can use the borrowed amount for trading. The option for futures trading is however limited to only Ethereum, Ripple, Bitcoin Cash, Bitcoin and Litecoin. 

• CEX.IO: Optimum for selecting cryptocurrencies

This exchange platform operates out of London. Other than Bitcoin, they offer services for over 80 crypto assets on their platform. The users are allowed to access a feature where they can instantly purchase crypto after registering on the platform. Apart from that, some of the great features of this exchange platform include mobile apps, staking rewards and loans backed by digital assets.

• Gemini: Perfect for trading in Ethereum and Bitcoin

Gemini provides an incredible array of services for individual and institutional clients. There are multiple platforms which can be accessed by traders. For instance Gemini applications for Android and iOS users, Fund Solutions, Web Exchange, institutional trading tools and Active Trader platform. 

• Bittrex: Addressing the security concerns

 

 Bittrex takes the cake when it comes to the account security of digital wallets. They have deployed a multi layered strategy apart from using advanced authentication methods. The funds are secured in an offline storage, also known as a cold storage. Even the transaction fees on this platform is much less than other platforms. 

• Robinhood: A platform for investing less

Individuals who are willing to start their investment journey with less amounts of funds are encouraged to start here. However, the number of cryptocurrencies are slightly limited on this platform. Only a handful of globally popular cryptocurrencies are listed on this platform.

Conclusion

These are the best exchange platforms for cryptocurrencies across the world as of now, depending on their speed, reliability, transaction fees, security and reward benefits. Cryptocurrencies are the future of global finance and there is no denying that fact. These platforms can become the gateway to wealth for many who are willing to begin their crypto journey. As always, a thorough research is always imperative before putting money in crypto, just like in any other asset.

Emirates Blockchain Holdings is a Blockchain Development and Advisory company based in Dubai. Feel free to visit www.emiratesblockchain.ae for more guidance or dial +971 505041860.