Best Crypto exchanges are where traders can buy, sell, and convert different cryptocurrencies and Understanding Crypto trading and investment can be another challenge. The best crypto exchange of 2022 are given below and pros and cons of each exchange are given.
Binance – Best for Low Fees
Crypto.com – Best for Security
BlockFi – Best for Earning Interest
Gemini-Fastest Verification Process
Mkraken–Highest Level of Security
Binance
It is one of the laeading and best crypto exchange in the world and also offers two-factor authentication. It provides low transaction fees and intsant buy and sell option that help users to buy cryptocurrency.This platform can be accesed from IOS and android
Pros and Cons of Binance
| Pros | Cons |
| Available in 50 states that include New York. | The pricing structure is very high. |
| 0.25% flat crypto exchange fees for all trades executed. | Charges a higher fee for low-volume traders. |
| Faster verification process | Customer support needs to be improved. |
| Offers a user-friendly platform | |
| The have launched NFTs |
Crypto .com
It is one of the well known – globally accepted crypto exchange .The users can directly send their digital assets and trade in the platform . It offers a straightforward and intuitive platform and tools that permit the users to execute crypto trades efficiently.
Pros and Cons of Crypto .com
| Pros | Cons |
| Crypto .com is one of the best crypto trading platforms for advanced users. | This platform does not offer phone support. |
| Has a wide range of crypto to buy, trade, and sell cryptocurrency. | Charges a slightly high fee for retail investors |
| Fully regulated in the United States. | |
| Highly liquid exchange |
BlockFi
Pros and Cons of BlockFi
| Pros | Cons |
| They are available in 18 countries. | Charges high trading fees. |
| Their website user interface makes everything easily accessible. | Does not offer 2FA. |
| One of the oldest trading cryptocurrency exchanges. | |
| It offers a seamless trading experience and a highly intuitive trading interface. | |
| It provides 24×7 live chat support that is proactive and responsive |
Gemini
Gemini fees are the lowest in the crypto market so ,they can be regarded as their major strength. Trading Fees are based on 30-day average trading volumes, and it charges maker fees of 0.15% and taker fees of 0.2%. Click on the link to know more about Gemini .
Pros and Cons of Gemini
| Pros | Cons |
| Provides leverage for trading cryptocurrencies. | Does not suit beginner traders. |
| Offers fiat to crypto support. | This platform does not offer phone support. |
| Fixed fee for buying and selling crypto. | Lengthy queues to reach the Gemini customer support team. |
| Offers biometric and id verification. | |
| Offers trust and a higher level of security |
Kraken
Kraken is a people powered crypto exchange .Its is a great p2p platform to buy and sell crypto. It is good for bitcoin transactions and blue chip crypto . It is founded in the year 2011 . Being a new platform it offers a variety wide choice to trade in your favorite coins .
Pros and Cons of Mkraken
| Pros | Cons |
| Large number of supported cryptocurrencies | Various limits on deposits, sales etc. |
| Highly liquid exchange | It does not offer advanced trading tools. |
| Strong security framework | |
| Supports over 250 cryptocurrencies | |
| Withdraw to wallets is very easy |