Cryptocurrency investment and trading have become extremely popular, especially due to the fluctuations in the worth of various cryptocurrencies. This post is all about the top 3 cryptocurrency exchanges for 2022. Let’s take a look at it in more detail.
Top 3 Cryptocurrency Exchanges: Coinbase
Based in San Francisco and launched in 2012, Coinbase has become one of the most famous crypto exchanges. The platform recently touched new heights in 2020 after it finished the year with a trading volume of $89 billion. Newbies usually prefer Coinbase due to the accessibility of widely popular cryptocurrencies other than Bitcoin and Ethereum.
Coinbase also enables users to buy various tokens with the fiat currency of their country. For experienced traders, Coinbase has founded Coinbase Pro, a crypto exchange that permits peer-to-peer trading with more specialized instruments.
The amazing thing about this platform is that it allows users to sell 75 virtual assets across its platform. It has three types of apps for users to execute their moves. The Coinbase app, the Cooinbase pro app, and the Coinbase Wallet app are available on iOS and Android. It also provides users with the securest possibilities when it comes to investing and trading crypto. It requires 0.5% fees for purchasing and selling cryptocurrency on the platform. In the case of the Coinbase Pro app, its flat and varying fees are as per the modifications according to market trends.
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Top 3 Cryptocurrency Exchanges: Kraken
Kraken is one of the most famous crypto exchanges. With presently 55 various cryptocurrencies listed on the platform and trading expenses of 0.16% and 0.26% respectively, the California-based firm has successfully placed itself as a trustworthy site to trade cryptocurrencies.
The exchange satisfies the conditions of regulators in every country where it functions. With the extra attributes proposed, such as staking, margin, and futures trading, the platform has expanded globally. The relatively intricate user interface and the absence of investment security are some of the minor drawbacks, but this is not a critical problem viewing the otherwise very solid advantages.
Kraken has more intricate trading for state-of-the-art users. This contains low-fee margin trading, which is a more difficult structure of investment that can potentially fetch more increased returns. It also proposes fortunes trading on specific cryptocurrencies. Margin fees differ by cryptocurrency. Just like many crypto exchanges, Kraken mostly employs a maker and taker cost measure. Basically, this implies that users obtain a lower fee if they incorporate liquidity into the market rather than carrying it away.
Top 3 Cryptocurrency Exchanges: Binance
Binance is one more crypto exchange with reputation and popularity in the crypto world. It was established by Changpeng Zhao. Binance is now the number one crypto exchange when it comes to trade volumes.
After China banned crypto in 2017, Changpeng Zhao moved his headquarters to Japan. In the past few years, the crypto exchange’s base of function had moved across various countries. In 2020, CZ moved the firm’s headquarter to Malta, a country comprehended for frankness towards crypto and blockchain. At the moment, the headquarter of Binance is now in Caymans Island, with its other offices spread over 50 sites worldwide.
Binance gives traders an extensive inventory of digital assets to deal with its BNB token also enclosed. Nevertheless, the platform is still advancing the number of backed tokens. Another basis it has an extensive collection of tokens is that it reacts to trending tokens which are fast listed so its users can purchase them.
It has a desktop app but it gives mobile users a mini version on their Android and iOS devices. Binance sets withdrawal costs according to the market trends while saving coins on the platform is free. Trading costs on the crypto exchange are 0.1% when users don’t bear the expenses using BNB. Just like Coinbase, hosting a wallet on the crypto exchange is completely unrestricted.
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