Top list of cryptocurrency exchanges to start trading now

Due to the increasing popularity of cryptocurrency trading, many people are using this investment option for hedging their funds against inflation. This  can be either done by investing or by saving cryptocurrency.

Do you know according to analyst Bitcoin will soon break $ 500k? 

Now people want to learn crypto trading because it  has become a reliable, sustainable, and quick income for many investors.

According to cryptocurrency statistics , in 2022 it is estimated that the average ownership rate of cryptocurrency was 3.9%, which means that there are more than 300 million people using cryptocurrency around the world.

Having said that, it is essential to know about the list of cryptocurrency platforms to start your journey as a cryptocurrency investor. So, what are crypto trading exchanges? Which is the best platform to trade? In this article, we have compiled a list of cryptocurrency platforms offering different features .

You can use any of these exchanges according to your requirements and goals. All these platforms are helpful for hassle-free and secure trading, specifically if you are a beginner and learning to trade.

What Are Crypto Trading Exchanges? 

These are online marketplaces, similar to Walmart, where you have to pay money to get anything you would like to buy.  The only difference is that on Crypto exchanges, you are required to exchange cryptocurrencies to make a profit.  These exchanges provide options to buy and sell online currencies, such as Ripple, Bitcoin, and Ethereum.

As an investor, it is important to know about the list of cryptocurrency platforms to start a secure form of trading.

There are several elements that you should look for while selecting a cryptocurrency exchange for investment. For example, reliability, security, withdrawal options, transaction fees, and customer support.

Types of List of Cryptocurrency Exchanges

The list of cryptocurrency exchanges can be divided into two types. It is essential to understand both types of exchanges to select the best platform for trading.

• Decentralized Exchange

There is no central control in the decentralized platforms. These exchanges work the same as Bitcoin. It is a type of server, but every computer that is present in the server is separated from the other. Each computer is handled by a different individual.

In simple words, if any of the computers are having issues, this will have no impact on the network because multiple other computers are operating in the network. Moreover, cyberattacks are also not possible due to their decentralized nature . Here is a simple guide to buy from a decentralized exchange .

• Centralized Exchange

Centralized exchanges are the most common type of crypto trading platform. They operate on their own servers. Some of the famous exchanges that are centralized include, Gemini, Kraken, Binance, and Coinbase. All these platforms require identification and registration , (also known as KYC-Know Your Customer) from their users.

All the centralized exchanges have high liquidity, great volume, and active trading . However, centralized exchanges are at risk because of their private servers. In case, there is an issue in the company’s servers, this can even lead to the release of a user’s sensitive data.

Top List of Cryptocurrency Exchanges

Binance

The first platform that come into our top list of cryptocurrency exchanges is Binance . This is one of the most famous decentralized crypto platforms that offer a huge list of cryptocurrencies to buy. Binance is available for both institutions and individuals.

The main elements of Binance that make it valuable for its users are a variety of trading options, user education, and charting (For both beginner and advanced levels). In terms of worldwide trading, Binance is the largest exchange platform.

Even though Binance comes in the best list of cryptocurrency exchanges and is famous worldwide, it is restricted in some states of the US. The users cannot use Binance.com and have to access this exchange via Binance.us.

Pros of Using Binance:

Let us have a look at the pros of using this exchange for buying and selling cryptocurrencies.

• Trading Benefits: If you are trading on Binance, then you can enjoy several trading benefits, for example, stable coins, crypto trading pairs, OTC trading, recurring purchases, and staking rewards.

• P2P Feature: This feature has made it easier to do quick transactions. There are no hidden fees.

• Suitable for Both Experts and Beginners:  The best thing about Binance is that it comprises such trading features and interfaces that are useful for both advance and beginner levels.

• Escrow Available for P2P Exchanges: Secure transaction is the most prominent feature of Binance. You can easily buy or sell cryptocurrencies on Binance without the stress of being scammed. This is because this exchange has an escrow account. The escrow account is used for keeping fiat or cryptocurrency until you or your peer are completely satisfied with the transaction.

• Crypto Diversity: Binance has not only top cryptocurrencies, such as Bitcoin, Ethereum, and Ripple, but it also has a huge number of altcoins. This diversity of crypto coins is found only in a few exchanges.

• Safety: Binance has a two-factor verification feature, which makes it a safe platform for its users. In fact, it is one of the most secure trading exchanges worldwide.

eToro

eToro was founded by Yoni Asia in 2007. It has more than 20 million users worldwide . This platform support traders and investors from more than 140 countries. It has made up on the top list of cryptocurrency exchanges because of a number of reasons.

It is not only secured, but also very simple to operate. Not only that, but it has a wallet, known as eToro wallet, where you can save a diverse range of cryptocurrencies.

eToro started from a small, private company in New Jersey, and now it has several branches in different countries of the world, such as the UK, Cyprus, and Israel.

If you are a beginner, this platform is a great way to start investing in cryptocurrency. Just sign up and make your account on this platform and start trading with a minimum $ 500 cryptocurrency price, and you will get $ 50 for free. However, make sure to provide all the important documents for verification, such as POA (Proof of address) and POI (Proof of Identity) before you start trading.

Pros of using eToro:

Here is a list of benefits that eToro offers for its users.

• Wide Range of Currencies: This platform comprises 17 cryptocurrencies for exchanges, including, Uniswap, lota, Tezos, Cardano, Dash, Bitcoin Cash, Ethereum, Tron, Chainlink, Dogecoin, Eos, Neo, Zcash, Litecoin, etc.

• Multiple Resources to learn:  This platform has several learning tools available. From manual to video tutorials, they have a strong support community that will help you to trade successfully.

• Mobile App: You can also use eToro on your mobile. The app is available for both Android and iOS users.

• Security for Your Investments: eToro has strict security policies. It stores its investments (cash) in a different bank. The exchange uses the most secure form of level 1 banking that can deal with any kind of misfortune.

• Nominal Service Charges:  eToro charges 0.1% for every crypto transaction.

• Copy Trading: The copy trading element of eToro is one of the unique characteristics that make eToro different from other exchange platforms. This feature allows you to copy portfolios of successful traders, as well as invest in eToro’s portfolio templates and let expert investors handle your investments.

Crypto.com

Another popular exchange that is on the top list of cryptocurrency exchanges is Crypto.com . This platform offers immense protection and security against cyberattacks and crypto fraud. 

Even though every crypto exchange claims to provide security for its users, Crypto.com stands out among all. This platform has secured 1st position by cybersecurity rating because of its strong online security infrastructure.

Crypto.com uses different techniques to make sure that its user’s investments are safe on the platform.

These techniques include systematic peer review, cold storage for digital currency and identification through authenticator verification, phone, email, biometric, and password. Not only this, but Crypto.com has completed multiple penetration tests successfully. Penetration tests are computer-generated cyberattacks executed for examining the security of the system.

However, security isn’t the only attractive feature of Crypto.com. This platform offers a huge collection of currencies that is more than 250 coins. Another important feature of crypto.com is the DeFi wallet. Through this wallet, users can take crypto loans, use Visa cards (prepaid) for spending crypto, and can also do margin trading.

Pros of using Crypto.com

Let us see what benefits crypto.com provides for its users!

What is The List of Cryptocurrency to Buy?

Now that you have decided about your favorite crypto exchange, it is time to know the list of cryptocurrencies according to Market Cap. Here is a list of the top 10 cryptocurrencies that can be found on all the prominent trading platforms and has the highest market cap .

• Bitcoin (BTC)
• Ethereum (ETH)
• Tether (USDT)
• BNB
• USD Coin (USDC)
• XRP
• LUNA land
• Cardano ADA
• Solana (SOL)
• Avalanche (AVAX)

You can start trading with these crypto coins. However, make sure to chect out these 4 emerging coins that has the potential to explode in 2022. It is critical  do your research before you make a big investment in any of these coins.