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Best Crypto Exchange 2022 – 5 Lowest Fee Crypto Exchange

Due to the phenomenal growth of cryptocurrency trading, more people than ever are looking for the best crypto exchange to invest with.

The Best Crypto Exchanges for 2022

  1. eToro – Overall Best Crypto Exchange with Low Trading Fees
  2. Binance – Best Bitcoin Exchange with Huge Asset Selection
  3. Coinbase – Respected Cryptocurrency Exchange featuring Free Crypto Wallet
  4. Webull – Cheapest Crypto Exchange for Casual Investors
  5. Kraken – Best Crypto Exchange for Staking

Review of the Top 5 Crypto Currency Exchanges

We have compiled a list of the top crypto exchanges available to traders, all of which offer an excellent user experience and an extensive selection of coins to trade. If you’re wondering how to buy Bitcoin in 2022, this guide has everything you need to know.

We’ll examine each of these platforms one by one, ensuring you have a solid understanding of which is the best cryptocurrency exchange for your needs.

1. eToro – Overall Best Crypto Exchange with Low Trading Fees

eToro is our top pick when it comes to cryptocurrency exchanges. With extensive regulation from many top governing bodies, eToro is one of the most respected trading platforms in the crypto space. eToro has over 23 million users, and users can invest in more than 40 cryptocurrencies. Additionally, eToro offers 14 crypto crosses, such as ETH/EOS and BTC/XLM.

The platform’s fees are so low that we recommend it so highly. A trade is not charged a transaction fee, since eToro only charges the spread. An asset’s spread is the difference between the buy and sell price of the asset, with varying spreads for each coin, although spreads can be as low as 0.75% for Bitcoin trading. Users can invest as little as $10 per trade, which is perfect for beginners looking to start small.

Deposits can be made using credit/debit cards, bank transfers, and e-wallets, including PayPal. For beginners, eToro offers a free education service called ‘eToro Academy’ that offers articles and videos to explain the trading process. Additionally, eToro also provides a free crypto wallet for all users, which can be downloaded onto iOS and Android devices and be used to store your crypto holdings securely.

2. Binance – Best Bitcoin Exchange with Huge Asset Selection

Binance is another excellent Bitcoin exchange to consider. According to CoinMarketCap, Binance is the world’s largest crypto exchange, with over $19.7bn in trading volume recorded in the last 24 hours. Over 500 cryptos are available on this exchange, including niche altcoins and ERC-20 tokens. As Binance only charges a 0.1% fee when opening or closing a trade, these cryptos can be traded with low fees.

Additionally, fees can be reduced by 25% if you hold BNB, Binance’s native cryptocurrency. Traders on Binance will find two different platforms, each with a unique feature set that appeals to a specific demographic. Binance provides two platforms for beginners and experienced traders alike. Each platform has excellent charting capabilities and numerous technical indicators to optimize trading. Finally, Binance allows free crypto deposits and also accepts FIAT deposits, which are also free to make if funding your account in USD.

3. Coinbase – Respected Crypto Trading Platform featuring Free Crypto Wallet

Coinbase is another of the most popular crypto exchanges, just behind Binance when it comes to trading volume. Its flexibility makes it appealing to a wide range of traders, as users can either use the standard platform or Coinbase Pro. While the standard platform is designed for casual investors, the latter has more advanced features (such as real-time order books) and lower fees.

Coinbase Pro uses a maker/taker structure, while the standard Coinbase platform charges a variable transaction fee and spread. By using Coinbase’s automated service, users can invest in over 130 different crypto assets and earn staking rewards. In addition, all Coinbase users can download Coinbase’s free self-custody crypto wallet app, which supports over 4000 assets (including NFTs) and has industry-leading security.

4. Webull – Cheapest Bitcoin Trading Platform for Casual Investors

Webull is perhaps the lowest fee crypto exchange you will find appealing if you are a casual investor. Launched in 2017, Webull has grown exponentially, boasting over seven million registered users. The platform is regulated in the US by the SEC and FINRA – and is even covered under the SIPC scheme, which insures investors up to a maximum of $500,000.

Webull offers its users no transaction fees and the ability to trade for as little as $1. Webull charges a markup of 100bps (1%) on the price of your chosen asset. Webull offers 25 different coins to trade and even provides real-time charting options with numerous timeframes and technical indicators. Finally, the Webull app is simple to use and has two-step authentication to bolster its security.

5. Kraken – Best Crypto Exchange for Staking

Finally, we have Kraken as the last cryptocurrency exchange on our list. Kraken is regulated by FinCEN in the US, FINTRAC in Canada, and the FCA in the UK, showing how safe and credible it is. Customers can buy crypto with the Instant Buy feature or with Kraken Pro, which is a pure crypto exchange.

A 1.5% fee will be charged for instant buys (plus a fee based on your payment method), while Kraken Pro uses a maker/taker pricing structure.

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