Crypto assets are the talk of the day! Most of the population around the world knows about cryptocurrency now! The virtual currency is protected by cryptography, which protects its double-spending. The decentralized networks are based on blockchain technology and rely on distributed ledgers. Transactions made in cryptocurrency are anonymous and untraceable; that is why both parties involved in the transaction should not share their sensitive data with third parties. Putting the security part aside, cryptocurrencies have several benefits:
📷 Elimination of Banking Fees
📷 Low International Transaction Fees
📷 Accessible From Everywhere
Being a crypto investor, you must know about secure and popular exchange platforms. For your convenience, we have listed the best platform to trade crypto assets in 2022:
Binance- Malta-based Binance was launched by San Francisco in 2017 and is one of the famous crypto trading exchanges. It allows you to buy, sell, and trade cryptocurrency with a special feature of earning interest on your coins by staking them. Here users can buy crypto with bank deposits, bank transfers, and debit/credit cards. The platform also has an asset fund as insurance for stolen coins. However, some glitches have been seen in authentication systems lately.
Pros
· Trade 50+ cryptocurrencies
· Good security
· Reputable & has low fees
· Easy-to-use interface
Cons
· Not ideal for beginners
· Poor customer service
Coinbase- It was launched back in 2012 in California. Coinbase now has 30 million users worldwide, making it the best platform to trade crypto. The exchange caters to inexperienced and beginners to trade safely, and they can learn the ropes by listing graphs and data all over the website. It allows bank deposits, bank transfers, PayPal, and card transfers. In addition, Coinbase compensates the user if the company ceases to exist, only 2% of your money could ever be stolen at a time.
Pros
· All your coins in one place
· Simple user interface for beginners
· Insured
· Great variety of altcoins
Cons
· Expensive as compared to other crypto exchanges
· Custodial wallet
· Few payment options
Kraken - The platform launched in 2011 first and then relaunched in 2013. It offers to trade more than 50 cryptocurrencies with 3 packages of accounts: starter, intermediate, and pro. It is a cheaper exchange but with a good reputation. 24/7 availability and excellent customer support say it all about their service. However, you are required to provide an ID for account verification.
Pros
· Good security
· Stylish user interface
· Reputable site with 7 fiat currencies
· 50+ cryptocurrencies
Cons
· Not for beginners
· Poor customer service
· Slow account verification
Conclusion
The best crypto exchanges have their unique attributes and have a little bit of every positive thing. Still, if you’re a newbie looking for the best platform to trade crypto, we hope you find the solution in this post. Research thoroughly before investing!