The cryptocurrency market has been expanding rapidly and continues to do so through the present day. If your goal is to purchase, sell or exchange cryptocurrencies for profit you will need to utilize the best cryptocurrency trading platform with leverage available.
Approximately 8,000 unique types of cryptocurrencies comprise a $600 billion market, which according to CoinMarketCap produces a minimum daily volume of $100 million. Purchasing and selling bitcoin, dogecoin, Ethereum and other cryptocurrencies on one of the best crypto exchanges is easy to do today. Finding the best crypto trading platform for your needs requires some research, however.
Read ahead to learn details about the 5 top crypto exchanges and platforms of 2022.
Investors and traders across the U.S. are jumping at the chance to enter the fray of the cryptocurrency trading and exchange market. A crypto exchange platform is required to purchase and sell popular cryptocurrencies such as bitcoin, dogecoin, Ethereum.
Before making decisions, you need to learn more about the top crypto exchanges available. Read directly below for important information and details about the top 5 cryptocurrency exchange platforms. Including:
Gemini is perhaps the best platform for buying and selling cryptocurrency if you are new to the market.
The platform is user-friendly, offering convenient access and a simple interface. Further convenient is Gemini’s availability in all fifty U.S. states.
Yes, this also includes New York, which is often left out of other crypto exchange platform choices due to the state’s BitLicense requirements. Gemini was founded in 2014 and offers crypto payment solutions, storage, and trading as just some of its many services.
Gemini is widely considered as one of the best crypto trading app platforms today and competes head-to-head with Coinbase for crypto trading market popularity.
Fifty-seven different cryptocurrencies are accessible using Gemini. Flat currencies including Canadian, Australian, Hong Kong, British pounds, euros, and U.S. dollars are covered albeit with limited support.
Fees structures tend to be higher than average (and sometimes even confusing) except for the fees applied to spot trading. Withdrawal and deposit methods are supported well, especially for U.S. users. Digital assets and wire transfers have virtually no limitations. Gemini also offers mobile support.
Multiple benefits make the Gemini mobile platform one of the top apps to trade cryptocurrency in for 2021. These benefits include:
- ActiveTrader™ (advanced trading interface).
- Advanced charting.
- Multiple order types.
- Multiple auctions and block trading options.
- Excellent customer support.
Binance is widely considered one of the best margin trading crypto exchanges, if not the best available today. Binance perhaps also offers the best crypto trading account for low fees.
Reliable margin trading and low fees are only two of the many reasons this crypto trading platform has skyrocketed in popularity in recent years.
Binance was founded in 2017 and steadily built a relationship with its users based on its trust and huge number of supported cryptocurrencies.
The platform supports over one hundred-fifty cryptocurrencies including its proprietary custom-created Binance coin (BNB).
Finance security is now strong, but the platform was hacked in early 2019, which resulted in the theft of approximately $40 million in tokens.
Because of this breach, Binance upgraded encryption protocols and security measures and now offers some of the best security in the business. Polish zloty, Australian, Hong Kong, British pounds, Canadian and USD flat currencies are among those supported.
User interface options toggle between Lite and Pro versions. Fee-less peer-to-peer trading is offered and Finance provides the best crypto trading app experience available.
When most crypto traders and investors think of trading cryptocurrency, they synonymously also think of Coinbase.
Coinbase has been a crypto market powerhouse for nearly ten years running and is the first marketplace platform to get the global-wide attention of thirty-five million crypto enthusiasts and traders.
Coinbase supports thirty-eight cryptocurrencies at the time of this writing and provides top-rated security protocols and features. Commonly used cryptocurrencies such as Bitcoin, Litecoin and Ripple are supported.
Somewhat obscure cryptocurrencies such as Civic, Orchid, Algorand, Augur and Ren are also supported.
Part of Coinbase’s popularity is due to its solid fiat currency support for the Euro, British pound, and U.S. dollars.
If Coinbase has any weaknesses, they are found in its limited customer support options. Email tickets are the only way to contact Coinbase support if its comprehensive Frequently Asked Questions (FAQ) section does not resolve your issue. Coinbase wallets use 256-bit AES encryption and USD wallets are covered by FDIC Insurance for a maximum of $250,000.
An intuitive interface and the best crypto trading app available make Coinbase a longtime user favorite, which is expected to remain on top for years to come.
Coinmama is a close runner-up as one of the top crypto exchanges for beginners. The platform is highly streamlined to make the user experience as fluid and effective as possible.
Coinmama functions primarily as a marketplace for buying and selling cryptocurrencies using flat currencies. The platform can serve as a centralized crypto trading service, but marketplace functionality is where Coinmama truly shines.
Coinmama customer support is highly rated by its users. Its fees are average to above average but Coinmama’s support of almost all available flat currencies (and certainly more than most other platforms) causes users to accept its fee structure.
Coinmama security is monitored by the Financial Crimes Enforcement Network (FinCEN) and the platform supports bank transfers, credit cards, debit cards and multiple other methods of payment.
Another one of the top apps to trade cryptocurrency is operated by Etoro.
Etoro is one of the largest trading platforms on the market today, which offers a wide array of popular features and services. Etoro supports fifteen cryptocurrencies but also offers EFT, stock, commodity, index, and flat currency trading.
Top features include biometrics and toggleable two-factor mobile wallet authentication. Trading fees on certain cryptocurrencies are lower than those charged by most other platforms.
Some additional features, which set Etoro apart from other platforms include:
- Virtual dummy accounts.
- CopyTrader features.
- Etoro Club memberships (including phone and live chat support).
- Best crypto exchange for UK, European and Asian residents.