Top 5 Best Cryptocurrency Exchanges of 2022

The emergence of Bitcoin (BTC) in 2009 was a game-changer in the global financial system. 13 years on since the launch of the digital currency, the interest amongst investors is constantly increasing. Today, the market capitalization of cryptocurrencies has surpassed $1.9 trillion. Moreover, big tech companies, social media giants, and renowned enterprises are also accepting virtual currencies as payments from customers. Let us check out the popular crypto trading platform in the world.

eToro

Launched more than 15 years ago in Israel, eToro acts like a multi-asset trading platform. Users can buy and sell cryptos like Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and Cardano (ADA) with ease. Moreover, eToro supports various payment options like PayPal, Visa, Mastercard, Skrill, Union Pay, and Yandex. They can make the right decisions by seeing graphs and charts. Moreover, crypto traders can earn high returns by setting stop-loss and take-profit parameters.

Importantly, eToro keeps investors updated with daily notifications about crypto movers and high-growing coins. Besides that, the currency crosses section showcases the changes in the prices and trading volume over a period.

Binance

The world’s largest crypto exchange has a 24-hour trading volume of more than $16.54 billion. Further, it offers access to 1648 markets and 408 coins. Headquartered in the Cayman Islands, Binance has a user base of more than 90 million. Investors can purchase cryptos with debit and credit cards, wire transfers, Simplex, and Single Euro Payments Area (SEPA).

The markets section of Binance showcases data about new listings, top-gaining coins, the changes in prices, and the coins with the largest trading volume. Investors can build their wealth by choosing options like margin trading, strategy trading, swap farming, perpetual and futures contracts, and vanilla options. Moreover, they can protect their assets by utilizing a crypto savings account, a vault for storing Binance Coins (BNB), liquidity farming, and auto-investment.

The notable features of Binance include a search panel, an affiliate program, a help center, an Over-the-Counter (OTC) trading desk, a token launchpad, and integration with the Trust Wallet.

Coinbase

Launched almost a decade ago, Coinbase is the second-largest crypto exchange in terms of daily trading volume ($2.92 billion). Moreover, the centralized trading platform provides different services for both individual investors and institutions. Interestingly, Coinbase has expanded to more than 100 countries with a user base of more than 89 million.

Besides that, investors benefit from features like a recurring buying facility, numerous payment options, an exclusive debit card, insurance protection, a cold storage option, and 24×7 technical assistance.

Importantly, business firms can also use Coinbase for accepting crypto payments, listing assets, and complying with KYC/AML regulations. They receive advantages like diversification of liquidity, automatic routing of orders, and access to transaction history. Investors can spend crypto for purchasing products, receive rewards and borrow cash by utilizing Bitcoin (BTC) as collateral.

BlockFi

The Unique Selling Point (USP) of BlockFi is that investors can buy crypto, as well as interest from it. The American platform has more than 1 million clients and more than $10 billion in assets have been locked on the BlockFi platform. Users can open an interesting account on BlockFi and receive regular yields every month. Investors benefit from the lack of minimum balance, the absence of hidden fees, and low-interest rates on borrowing.

Besides that, retail and institutional investors can access features like free account opening, two-factor authentication (2FA), repeat buying facilities, instant processing of payments, and access to transaction history.

Coinmama

Since its launch in 2013, Coinmama has rapidly expanded its business operations to around 188 nations. With a user base of 3.1 million, Coinmama allows investors to buy and sell cryptos like Bitcoin, Ethereum, Ripple, and Litecoin with debit cards, credit cards, net banking, and digital wallets. Users can also access features like a fiat conversion facility, instant identity verification, a QR code scanner, and 24×7 technical assistance.

Wrapping Up

Decentralization represents the future of the global economy. Are you an entrepreneur? Reach out to a white-label solution provider now for crypto trading platform development.