When Buying And Selling Digital Currencies, It Is Crucial To Identify Authentic Crypto Exchanges.
Since the beginning of the year, cryptocurrency values have been skyrocketing. A growing number of investors are taking advantage of the hype to gain profits and reap the benefits of conducting transactions in a decentralized marketplace. Investors can buy and sell cryptocurrencies efficiently by using a crypto exchange. Users of these online services often get access to tools to buy and sell digital currencies like bitcoin, ethereum, and dogecoin, to name a few. Before investing their money in a cryptocurrency exchange, crypto investors should thoroughly research it to avoid fraud and scams.
This article lists the top 10 Crypto Exchanges that will gain more popularity in 2022.
FTX Exchange: FTX exchange is created by Alameda Research and is a leveraged cryptocurrency exchange that offers derivatives trading. The platform was founded in 2019 and provided unique products such as indices trading, enabling traders to have exposure to various tokens in a single contract. The exchange offers several other features like leveraged trading, market predictions, and more, depending on the country. Even though it is a newly launched platform, FDX has become one of the most trusted crypto exchange platforms for investors.
Kraken: Kraken is highly popular among European cryptocurrency enthusiasts due to its wide range of features. Founded in 2011, Kraken went live in 2013. The platform provides a wide variety of cryptocurrencies to trade. Currently, it supports over 200 traders globally. Kraken offers margin trading and futures trading platforms. Institutional traders can take help from experts through one-on-one consultations, account management support, and more.
Coinbase: Coinbase offers an easy-to-use exchange, lowering the barrier to entry for crypto investments which is typically seen as confusing and convoluting. The platform provides insured custodial wallets for investors and traders to store their assets. They also carry insurance against data breaches and hacking, which is crucial since users have reported the accounts to be hacked and drained of funds.
Binance: Binance enables users to buy, sell, and trade cryptocurrency with low fees. Investors can purchase tokens on Binance in several ways, including Paypal, bank transfer, credit card, and debit card. They will also have the option to earn interest on cryptocurrencies by staking for a long period to acquire an interest rate of between 0.5% to 10%. The platform is simple to use, with a supportive team always available to answer all customer queries.
Quantum AI: Quantum AI is an automated trading exchange with a huge selection of crypto pairs. The world’s first quantum computer to use its crypto market scanning software to give its users signals on what to buy and sell. This platform operates on the blockchain to ensure complete transparency and also does not work with unregulated brokers.
WaxizX: WazirX allows the users to invest using INR, dollar, BTC, and even P2P. The platform also has its coin called the WRX that can use bought using INR, and then WRX can be used to buy other cryptos. One of the most popular features provided by WazirX is that the investors can earn coins through several contests that are available on the info section of the app.
KuCoin: KuCoin is a relatively new crypto exchange that has rapidly developed a dedicated fanbase due to its intuitive design and a high degree of security. This platform is highly regarded because of its large number of cryptocurrency pairs, which means users can purchase a wide variety of cryptos. Its only drawback is that is a crypto-only platform and investors will have to use another exchange to purchase coins with fiat currencies.
Bitfinix: Bitfinix is a crypto exchange that strives to provide its users the ultimate trading experience by providing innovative trading tools and unparalleled levels of customer service. The platform offers books with top-tier liquidity, allowing users to easily exchange bitcoin, ethereum, ripple, and NEO, to name a few.
CoinDCX: CoinDCX is recognized as one of the most versatile trading applications for crypto assets in India. The whole account setup procedure has been simplified using a one-time password (OTP) that is sent to the users’ registered mobile number and email ID.
OceanEx: Launched in 2018, OceanEx is a fully registered and licensed Japanese trading platform. Its parent company BitOcean Global has many eminent core members like Morgan Stanley, BNP Paribas, and Deloitte. The platform is known for providing personalized and lightning-fast trading services.