Before you start trading or investing in the cryptocurrency market, you need to find a platform that is right for your experience and the features you’re looking for. That’s why we have made a complete comparison, which will allow you to make the best choice.
After defining criteria of fees, features, accessibility and reliability, we decided to rank cryptocurrency exchanges for the year 2022. You will therefore find a detailed ranking for each criterion, followed by our top 5 and the general ranking at the bottom of this page. Fees – Best Cryptocurrency Platform 2022
Regarding the fees, we have taken into account the takers purchase fees, the deposit fees by credit card, as well as the deposit fees by transfer. As a bonus, find the number of cryptocurrencies available for each exchange.
Takers fees correspond to buy or sell orders executed immediately, these fees are usually higher than maker fees. Fresh Podium
3. KuCoinManagement Opinion on Fees
The FTX platform stands out first thanks to its fees. Indeed, they are the weakest of all the exchanges compared here. With over 240 cryptocurrencies available, they offer a percentage of 0.075 per taker purchase (order made directly to the market) and free bank transfers for all users. Crypto transfers from FTX to a wallet are also free except for Ethereum and BTC.
Binance ranks second with slightly higher taker purchase fees (0.10%), card purchase fees of 2.00% and free bank transfers. The Binance platform stands out, however, with many more asset choices. KuCoin on the other hand allows you to have exposure to lesser-known and more volatile altcoins. It can be interesting to have an account there for riskier investments on projects that can be found later on more well-known platforms like Binance or FTX precisely. The names of the exchange platforms are clickable and redirect you to their sites
*Depends on PartnersFeatures – Best Cryptocurrency Platforms 2022
In order to evaluate the platforms on this criterion, we took into account features such as access to derivatives, staking & farming of crypto-assets. Indeed, before registering on an exchange, it is better to make sure that it offers the features you are looking for. That’s why we’ve made a table that brings together the main crypto-asset exchanges with four highly demanded features. Podium Features
3. FTXAccoring Opinion on Features
In terms of features, binance and AscendEX lead the way. Both exchanges offer spot and future trading: it is always interesting to have access to derivatives for more advanced traders. Both also allow their users to stake their cryptocurrencies and be compensated by providing liquidity. That is why, today, they are among the most complete platforms on the market. In addition, for less than a year the majority of cryptocurrency exchanges offer credit cards.
They are closely followed by FTX which, although it does not offer farming, offers other interesting features such as volatility contracts and the ability to make predictions. Thanks to MOVE contracts, it is actually possible to play on the volatility of an asset and generate gains if it moves, or on the contrary if it remains stable. It is therefore for this style of innovative products that we find FTX on the podium. The names of the exchanges are clickable and redirect you to their sitesEasy of use – Best cryptocurrency trading platforms 2022
From beginner to advanced level, you find the platform that is adapted to your profile. If you are new to cryptocurrency, you will need an accessible and easy-to-use exchange. On the other hand, if you are initiated, you can move towards a more complex platform with lower transaction fees. In order for you to make the best possible choice, we have also added information on the volume of exchanges. Podium Ease of use
3. EtoroMajority Opinion on Ease of Use
Coinbase prevails over this criterion. It is the ideal platform for beginners because it offers an account opening in a few clicks and an intuitive mobile application to track your investments. In addition, payments are accepted by credit card or bank transfer, which makes the platform accessible to as many people as possible.
In second place is Swissborg. The Swiss exchange offers a pleasant interface to buy cryptocurrencies, but also to manage your wallet simply. An equally trivial staking service completes the application. You should know that when buying cryptos on Swissborg, the platform compares several large exchanges in order to provide you with the best price and the most interesting fees.
Finally, Etoro placed third in the category. Known for offering many markets to its customers, the platform also offers exposure to cryptocurrencies. The apps are intuitive and just as suitable for beginners. However, the cryptos you speculate on will not belong to you: Etoro offers CFDs (contracts for difference). So you won’t be able to transfer your assets to a more comprehensive exchange afterwards. This is the small downside that places Etoro on the last step of the podium. The names of the exchange platforms are clickable and redirect you to their sites
*CFD = contract for difference. In this case, the user does not own the underlying cryptos. It gains (or loses) the difference between the purchase price and the sale price of the asset. Reliability – Best Cryptocurrency Platforms 2022
Reliability has always been a considerable point when choosing a cryptocurrency platform. Can we trust him? You have to be serene when buying your assets and especially not do it anywhere. That’s why we’ve put together a list with the certifications of each major platform in the industry. Reliability Podium
3. EtoroManagement Opinion on Reliability
Hats off to Kraken in this category: the exchange has a license on almost all continents and is therefore on the top step of the podium. It is recognized in a large number of countries around the world and recommends two-factor authentication to further secure your account.
The American platform is followed by Coinbase and Etoro, respectively in second and third place in this category. Both hold three certifications: in the US, UK and Germany for Coinbase; in Cyprus, Australia, and also in the United Kingdom for Etoro.
It should be noted that all the platforms presented here offer two-factor authentication (by email and mobile phone), thus strengthening the security of their customers’ accounts. PlatformCertifications/LicensesDouble authenticationClassificationKrakenFINTRAC (Canada) + FinCEN (USA) + FCA (UK) + FSA (Japan) + AUSTRAC (Australia)✅1stCoinbaseFinCEN (USA) + FCA (UK) + BaFIN (Germany)✅2ndCoinbase
ProFinCEN (USA) + FCA (UK) + BaFIN (Germany)✅//EtoroCySEC (Cyprus, Europe) + FCA (UK, Europe) + ASIC (Australia)✅3eFTX.USLicence MSB and MTLs (USA)✅4eFTXNon regulated but applies KYC*✅//Binance.USRegulated via its partner BAM Trading Services by FinCEN (USA)✅5eBinanceNot regulated in Europe but requires a KYC*✅//SwissborgVirtual Currency Exchange and Virtual Currency Wallet license (Estonia, Europe)✅6eCrypto.comMFSA (Malta, Europe)✅7eBittrexBermuda monetary authority + Liechtenstein✅8eKucoinNot regulated but applies KYC*✅9eBitfinexUnregulated but applies KYC*✅9eAscendEx (Bitmax)Unregulated but applies KYC*✅9ePrimE XBTNon regulated but applies KYC*✅9eBybitUnregulated but applies KYC*✅9eHuobi GlobalUnregulated but applies KYC*✅9e The names of exchange platforms are clickable and redirect you to their sites