Rating of cryptocurrency exchanges in 2022
Cryptocurrency exchanges are an integral part of the cryptocurrency market. They allow you to exchange cryptocurrency, store, sell and earn on it. Cryptocurrency trading platforms differ in mandatory or optional verification (confirmation of identity), interface, presence of a demo account, transaction fees and other parameters.
To choose a platform for your needs, it is recommended to study the rating of cryptocurrency exchanges, compiled on the basis of data from analytical resources and user reviews, and choose for yourself a reliable platform that provides a set of required options for working with electronic money.
Why is it important to pay special attention to the choice of a crypto exchange
A potential way to make money on crypto exchanges is to play on the difference in exchange rates. There is a concept of arbitrage in cryptocurrency trading: the value of a currency pair on different exchanges may be different. You can earn income by buying cryptocurrency at a lower price and selling at a higher one.
There are other criteria for choosing a suitable exchange: the ability to store cryptocurrencies in an exchange wallet, the reliability of the exchange, trading volume, and the amount of commissions.
When choosing a cryptocurrency platform, you should study the rating and reviews available on the network. It is especially useful for beginners to do this.
It should be borne in mind that exchanges working with fiat always require users to undergo a verification procedure, sometimes quite complicated. This is one of the main differences between exchanges and cryptocurrency exchangers.
TOP 10 Best cryptocurrency Exchanges in 2022: Reliability Rating
Consider the most reliable cryptocurrency exchanges with minimal risk of losing funds.
One of the most well-known platforms launched in 2017. Now it has the largest trading volume and a good reputation. On the exchange, you can buy cryptocurrency for fiat money.
Binance has a Russian-language interface, an application for smartphones. Users must pass verification. It should be borne in mind that citizens of the Republic of Belarus cannot use the exchange.
Another high-quality platform that can rightfully be included in the list of reliable crypto exchanges. Here you can trade not only cryptocurrency, but also cryptocurrency derivatives (futures, options). The advantage of the site is low commissions. The exchange has its own token, for holders of which the commissions are even lower.
The platform has a user-friendly interface with a clear site navigation system. Users must pass verification.
The Hong Kong Cryptocurrency Exchange started operating in 2017. It has its own KCS token, the owners of which pay less commission and can receive passive income in the event of an increase in the value of the asset.
To protect the account, mandatory two-factor identification is provided. Verification is not necessary. The exchange works only with cryptocurrencies, operations with fiat are not provided.
Another Singapore exchange, which is in the Top 10 sites for trading turnover. There is a custom token. There is no mandatory certification. It is possible to trade with the connection of bots (trading robots).
The exchange is actively expanding in many regions around the world.
The exchange is popular among traders from CIS countries, including Russia. He has been working on the cryptocurrency market since 2013.
After registration, you must confirm your account by clicking on the link from the email and enable two-factor identification. Mandatory verification was introduced in 2020.
It is better not to go to the exchange’s website through links from search engines, since there are many phishing sites copying its interface.
For an account where no transactions have been performed for 6 months, you need to pay a commission.
A multi-currency platform with support for some fiat currencies. There is an opportunity to earn on staking (storing coins in special accounts with interest payments and their capitalization). Verification is required to work with fiat and withdraw funds in the amount equivalent to $ 1,000 or more.
The Exchange has an active policy of attracting new users. She has her own token with bonuses. Various promotions are held periodically. There is a referral program with a reward for attracting new users.
Crypto.com – a platform with rich functionality. It includes a cryptocurrency exchange Crypto.com Exchange, marketplace of unique NFT tokens, payment service, decentralized wallet.
Many users consider the disadvantage of the exchange to be high commissions and mandatory verification, which must be completed simultaneously with registration on the site.
An actively developing high-tech cryptocurrency exchange with a large number of trading pairs, low commissions and high transaction speed. It has its own token with the possibility of earning money on mining (production of new coins).
A young exchange with good trading functionality. There is an opportunity to work with fiat (but without replenishment in Russian rubles) and practice operations with a demo account. The advantages of the exchange include quick registration without mandatory verification.
Of the minuses, users note a disadvantage in working with the site. The training videos posted on the exchange’s website are entirely in English.
This platform is registered in Estonia and is a cryptocurrency exchange with a tap – the opportunity to get a small amount of cryptocurrency for free by performing simple tasks.
Users can buy coins for fiat, as well as withdraw funds in the form of fiat to bank cards or electronic wallets, including Qiwi and WebMoney. The minimum amount for entering fiat is $ 1, for withdrawal – $ 1.5. There are no entry fees.
There is no mandatory certification on the exchange.
The Best Crypto Exchanges for Beginners
It is easier for beginners to get used to a number of exchanges: they have a user-friendly interface, a well-thought-out navigation system, detailed reference material. From the rating of crypto exchanges compiled above, they include:
Crypto exchanges with a minimum commission
Earnings on cryptocurrency exchanges depend on the amount of commission. Platforms with minimal commissions from the rating of the best cryptocurrency exchanges:
Crypto exchanges with a demo account
The cryptocurrency market has high volatility (volatility). The price of a coin can rise quickly within a few days and also fall quickly. Therefore, it is easy for inexperienced (and sometimes experienced) traders to lose money.
It is clear that it is good for beginners to have the opportunity to practice before starting real crypto trading. Cryptocurrency exchanges with a demo account (a virtual account where you can train without risking your own funds) are well suited for this.
Popular exchanges with a demo account:
Crypto exchange without verification
Some users prefer to work with cryptocurrency anonymously, without documentary proof of identity. All decentralized (DeFi) exchanges satisfy this condition.
Among centralized exchanges, there are sites where verification is not required if certain conditions are met. For example, without verification, you can trade on Binance if you withdraw no more than 0.06 bitcoins per day and do not use fiat. You can work anonymously on Crex24.
In 2017, the rules for the operation of cryptocurrency platforms were tightened, and many anonymous services introduced mandatory verification. Some sites have changed jurisdiction. So, the Dutch Deribit exchange changed its place of registration and “moved” to Panama.
Published: 14 January, 2022