10 Best Crypto Exchanges

Top 10 Best Crypto Exchanges With Low Fees.

Cryptocurrency exchanges are platforms for trading cryptocurrency for other assets and traditional currencies. These tools provide a level of anonymity for users and transparency of both trading parties. Companies can use these platforms to accept or purchase cryptocurrencies of their own, and are the most common ways for businesses to begin investing in cryptocurrencies. Cryptocurrency exchanges can also be used as practical mediums for international trading to cut down on transactional fees.

Choosing the best cryptocurrency exchange may not be a straightforward task. There are many competing crypto exchanges in the market. Which one will be best for you? What should you pay special attention to before investing? Is it 100% safe? This article will help you make the right decision. However, remember to do your research before making a final decision.

The Best Crypto Exchanges in 2022. Brief Review

• Binance – A great asset choice and top Bitcoin exchange.
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• Coinbase – reliable crypto exchange offering a free wallet.
  
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• FTX – beneficial for leverage trading or staking.
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• Kraken – the best choice for staking.
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• KuCoin – guarantees increased service security as assets are not stored on the site.
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• Huobi – a platform with one of the highest liquidities in the market.
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• HitBTC – supports a significant number of cryptocurrency pairs.
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• Gate.io – one of the largest cryptocurrency exchanges with a great variety of features.
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• Crypto.com – offers top level security.
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• Bybit – one of the most transparent and user-friendly crypto exchanges.
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• Webull – the best option for casual investors with the cheapest crypto exchange rates.
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• eToro – is considered to be a leading copy-trading platform that is super-easy to use.

These ten variables benchmark features and options across the crypto exchanges and brokerages we surveyed.

Top Crypto Exchanges in 2022. Full Comparison.

Binance.

Binance is the largest cryptocurrency exchange in terms of the trading volume.

Pros:

• 150+ cryptocurrencies.
• Reputable.
• Low fees.
• Easy-to-use website interface.
• High level of security.

Cons:

• Not available in 7 US states.
• Not ideal for beginners.
• Poor customer service.

Fees: 0.1% (maker and taker), please check the full table of commissions and discounts. You have the option to earn interest on your coins by staking them for a while and making a 0.5-10% interest rate.
You can purchase crypto using bank deposits, bank transfers, and credit/debit cards, so there are a lot of payment methods to choose from. However, a 4.5% fee is charged on debit card purchases.

Binance has an asset fund as insurance for security measures if user funds are stolen and a 2-Factor Authentication system (2FA), although reviews have reported glitches with the authentication system.

Coinbase.

Coinbase is the second largest cryptocurrency exchange in the world by liquidity. KYC verification is required.

Pros:

• An excellent user interface, ease of use.
• High level of security.
• Around 100 cryptocurrencies.
• Low minimum to fund account.

Cons:

• Higher fees than other cryptocurrency exchanges.
• Customer service level.
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Fees: The biggest drawback is relatively high transaction fees reaching as high as 0.5% (maker and taker). Please check the full table of commissions and discounts.

FTX.

FTX is a popular cryptocurrency exchange that allows leverage trading or staking.

Pros:

• Modern and clean interface.
• FTX Pro app on mobile devices
• Relatively low fees.
• Easy KYC process.
• Possibility to use Simplex gateway to purchase crypto with credit cards.

Cons:

• A new cryptocurrency exchange.
• It is risky to invest leveraged tokens on FTX.
• FTX US (for US residents) has limited features (supports fewer currency pairs, allows trading on lower leverages, etc.).

Fees: the commissions for taker are 0.2% and maker - 0.7%, but you can lower them by storing FTT. Learn more.

Kraken.

Kraken is one of the oldest cryptocurrency exchanges, also has bank status

Pros:

• Top-level security.
• Allows users from the US to use tools such as margin trading.
• Extensive choice of digital assets.
• Fees for advanced traders.

Cons:

• Not available not for all US states.
• Sluggish customer support

Fees: Transaction fees start at 0.16% Maker and 0.26% Taker fee in the basic variant, which makes them much lower than, for example, Coinbase. The more you trade, the lower the fees. Learn more.

KuCoin.

KuCoin offers a large number of supported currency pairs; it is currently one of the largest in the world in terms of liquidity. KuCoin has such functions as margin trading, investing funds, and trading automation with the help of a trading bot. 

The withdrawal limit without KYC verification is as much as 5 BTC per day.

Pros:

• Good customer care.
• Reasonable fees.
• 300+ cryptocurrencies.
• Mobile application for iOS and Android.

Cons:

• Challenging navigation for beginners.
• Technical support is provided in English only.

Fees: The transaction fees are one of the lowest on the market - in the basic variant, they amount to 0.1% (maker and taker). You can get an additional 20% discount by paying them via KCS. Learn more.

Huobi.

Huobi is a platform with one of the best liquidity in the market. Users of this exchange have hundreds of currency pairs to choose from. KYC verification is not required if you do not withdraw over 0.06 BTC per day.

Pros:

• A user-friendly mobile app in addition to the website.
• Possibility to purchase cryptocurrencies for fiat currencies.
• Advanced cybersecurity.

Cons:

• Not beginner-friendly.
• No support for fiat deposits and withdrawals.

Fees: The base fee rate is 0.2%, but you can reduce fees by storing HT. Learn more.

HitBTC.

HitBTC supports a significant number of cryptocurrency pairs. KYC verification is not required if you are not withdrawing over 1 BTC per day or 5 BTC per month.

Pros:

• Massive range of cryptocurrencies supported.
• Strong security.
• Availability of multi-language chat.
• Low trading fees.

Cons:

• Complicated verification process.
• No mobile application.

Fees: The transaction fees are one of the lowest on the market, only 0.09% (maker and taker) in the basic variant. You can reduce them by holding HIT. Learn more.

Gate.io

Gate.io one of the largest cryptocurrency exchanges with multiple features - copy trading, margin trading, NFT support, cloud mining, staking, and much more. Moreover, KYC verification is not required (although no strict limits are given).

Pros:

• Support for new cryptocurrencies.
• Pretty low fees.
• Availability of mobile application.
• 24/7 support.
• High security level.

Cons:

• Not beginner-friendly.
• Unregulated exchange.
• No fiat deposits support.

Fees: In the basic variant, fees are 0.2% (maker and taker). It's not the lowest rate on the market, but it's not bad either. You can reduce it to 0.15% by paying in GT. Learn more.

Crypto.com

Crypto.com is a well-known cryptocurrency exchange aimed mainly at beginners allowing users to buy cryptocurrencies for the fiat currencies.

Pros:

• Neat and intuitive interface.
• Massive range of cryptocurrencies supported.
• Low fees if one funds an account through cash transfers.
• Visa card with cashback rewards.

Cons:

• Lack of educational materials.
• Poor customer support.
• Some services are not offered in the US.

Fees: the fees are pretty high - 0.4% (both maker and taker). You can reduce them by staking CRO. Learn more.

Bybit

Besides the standard options (margin trading, staking), Bybit offers a testnet that allows users to practice trading without depositing real money or cryptocurrencies. KYC procedure is only required after you withdraw over 2 BTC per day.

Pros:

• Great bonus system.
• High level of security.
• Educational database.

Cons:

• Not available for US users.
• The small number of trading pairs.

Fees: Trading fees are 0.1% (both maker and taker). Learn more.
Conclusion

All exchanges have their advantages and disadvantages. When choosing, first check if the cryptocurrency you want to purchase is available on that particular exchange. These are our suggestions, but selecting the best crypto exchange is up to you. Test a few that look the most promising, and make an informed choice. We also encourage you to read user reviews of exchanges online, so maybe you'll pick up some essential factors not covered in this article. We hope this article and your own research will help you choose the best crypto exchange.

Crypto Exchange FAQs

• What is a crypto exchange?
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• How does a crypto exchange work?
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• How do you buy crypto?
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• How much money do you need to buy crypto?
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• How do I open a crypto exchange account?