The Best Crypto Exchanges For Investing In 2022

If you want to buy or sell cryptocurrencies in the USA, you will need the best cryptocurrency exchange for investing. In other words, these online platforms provide services similar to stockbrokers, giving us the tools to buy and sell cryptocurrencies such as Bitcoin, Ethereum, Shiba INU, DogeCoin, Tether, etc. Let us see an overview of The Best Crypto Exchanges for Investing in 2022

What is a cryptocurrency exchange?

A cryptocurrency exchange is an online platform or marketplace for users who want to buy, sell and trade cryptocurrencies. These platforms act as an online brokerage where users can use their fiat currency (such as U.S. Dollar, INR, Euro, etc) to purchase different cryptocurrencies.

While picking up the best crypto exchange for investing for your needs, we need to check a few things. It is very essential to check a few things before you use any crypto exchange. For instance, supported currencies, pricing, deposits and withdrawals options, transactions fees (taker or maker fees), and moreover the security – which is where we mainly focused on while selecting the list of best crypto exchanges for investing in 2022.

TABLE OF CONTENTS​

1. Coinbase and Coinbase Pro
2. Gemini
3. Binance.US
4. Gate.io
5. Bisq
6. Crypto.com

1. Coinbase And Coinbase Pro

Numbers of Currencies Available for Trade: 130+

Transaction Fees: Taker Fee (0.04% to 0.50%) & Maker Fee (0% to 0.50%)

WHY DO WE PREFER IT

Coinbase crypto exchange for investing makes it very easy for beginners to buy and sell cryptocurrencies with strong security. Moreover, it offers a Coinbase Pro platform as well. It offers more feature-rich tools in terms of indicators and charts for advanced users.

In addition, Coinbase also provides a linked Visa debit card that is accepted anywhere where customers want to spend its cryptocurrencies.

PROS

• Strong security. And high-ranking user reviews.
• Very high liquidity.
• Easy purchase process.
• A large variety of cryptocurrencies.
• User-friendly platform with a very simple user interface.
• Coinbase educational learning platform helps beginners learn about crypto and rewards users with cryptocurrency.

CONS

• High convenience fees unless using Coinbase Pro.
• The users can’t control the wallet keys.

2. Gemini

Numbers of Currencies Available for Trade: 50+

Transaction Fees: Taker Fee (0.35%) and Maker Fee (0.25%)

WHY DO WE PREFER IT

Gemini cryptocurrency exchange is the best for beginners. Surprisingly it is available in all the states of the USA, along with New York, a state that is generally not available on other crypto exchanges for investing.

Above all as for Gemini, most of our cryptos are stored in cold storage. In other words, as they are not connected to the internet and are hard to hack. A small portion of our cryptocurrencies is stored in a hot wallet, which is online, readily accessible, and is insured against theft due to security breaches, fraudulent bank transfers, or employee theft.

PROS

• Easy to use and simple interface.
• Currently available in all 50 states of the USA.
• Earn interest on cryptocurrency balances.
• Gemini Pay through its mobile app. Allow users to pay with their cryptocurrencies at more than 30,000 retail locations in the U.S. by just scanning the QR code.

CONS

• It’s expensive for small trades.
• No debit card is linked to the user account.
• Limited numbers of cryptocurrencies are available.

3. Binance

Numbers of Currencies Available for Trade: 50+

Transaction Fees: Taker Fee (0.1%) and Maker Fee (0.1%)

WHY DO WE PREFER IT

Binance US is one of the biggest domestic cryptocurrencies exchanges available and globally run by Binance, bringing all the advanced tools and features available worldwide to US customers by following all the US rules and regulations compliance.

Therefore for beginner or casual crypto users, it offers a very simple interface (form-based). And in addition for advanced users, have many advanced features for instance limit-market, stop-limit, sport price, complex graphs, indicators, etc.

PROS

• Very low fees for spot and general trading than other common exchanges available.
• Strong security. And high-ranking user reviews.
• More advanced charts, indicators, and graphs.

CONS

• Beginners may need more educational videos to understand the platform.
• Fewer cryptocurrencies options than its other parent company, Binance.com.
• Not all USA states supported it.

4. Gate.Io

Numbers of Currencies Available for Trade: 1000+

Transaction Fees: Taker Fee (0.2%) and Maker Fee (0.2%)

WHY DO WE PREFER IT

Gate.io crypto exchange gives us access to buy or sell more than 1000+ different cryptocurrencies on a single platform. Furthermore, advanced crypto traders can hunt for less common altcoins. It has a very complex user interface with advanced tools which make it easier for the pro user.

PROS

• Large variety with more than 1000+ coins available.
• Low trading fees. And also users can future lower the trading fees by holding large Gate stablecoin.

CONS

• Trading can be done only using U.S. dollar stablecoin, not any other fiat currency.
• Not a beginner-friendly interface, beginners would prefer other platforms.

5. Bisq

Numbers of Currencies Available for Trade: 40+

Transaction Fees: Per 1 BTC – Taker Fee (0.007%) and Maker Fee (0.001%)

WHY DO WE PREFER IT

Bisq, also known as Bitsquare, is an open-source decentralized exchange for cryptocurrencies. Decentralized means it doesn’t have any headquarter located at any specific location. By all means that it directly connects users with no middlemen, it provides many advantages to users, such as peer-to-peer crypto trading rather than using third-party platforms. Also, because it is decentralized, it is safer than other crypto exchanges. Not only this but also, it’s KYC (Know Your Customer) free.

PROS

• Open-source and decentralized platform.
• No KYC is required.
• Various payment options are available (more than 15+).
• Strong security. And lower trading fees.
• Users keep control of their crypto.

CONS

• Not everyone is suited to decentralization.
• Fraudulent activity is possible.
• Transactions can be slow.
• Not suitable for active trading.

6. Crypto.Com

Numbers of Currencies Available for Trade: 170+

Transaction Fees: Taker Fee (0.40%) and Maker Fee (0.40%)

WHY DO WE PREFER IT

The Crypto.com exchange is one of the best cryptocurrency exchanges for investing and trading a wide range of currencies at relatively low transaction fees. Some of its unique features include such as crypto rewards debit cards, stakes, and it has its own blockchain ecosystem.

PROS

• Wide range of supported cryptocurrencies.
• Providing support for an ecosystem of cryptocurrency products.
• Strong cybersecurity.
• Earn interest in cryptocurrencies.
• A high balance of Crypto.com stablecoin (CRO) will give discounts on trading fees and provide benefits likewise an 8% return on debit card spending.
• Low trading fees up to .040%, with discounts available.

CONS

• Higher trading fees for lower volume crypto investors.
• Poor customer service reviews.
• The interface is not user-friendly.