9 of the Best Bitcoin Exchanges To Use In 2022
1. Binance (World’s biggest Bitcoin exchanges)
Binance is the largest and fastest-growing Bitcoin exchange, which has created the largest ecosystem around crypto-based financial services.
On this platform, you can buy bitcoin using debit/credit card, and then trade it for other coins. The platform also offers a fully functional mobile app, and by far this is the most used Bitcoin exchange in the world. If you are looking for a single recommendation, Binance is the idlest for you.
Note: Binance is not available for US citizen. If you are from USA, you can sign up for Coinbase or Kraken.
Since its ICO to till date, it has grown tremendously and is now placed in # 1 in the top 10 Bitcoin exchanges in the world. Binance offers the biggest marketplace for Bitcoin.
Binance being a centralized exchange has taken a unique take to expand its business and also provides a decent discount for day traders.
To get started with Binance you need to register using your email ID and the process is quite simple & fast. Binance offers a native coin called BNB which is probably the other crypto that you could HODL for longer period.
Binance’s fee structure is also unique.
To start with they have a 0.1% standard trading fee which is already quite less than other peers. Binance offers a native coin called BNB which is probably the other crypto that you could HODL for a longer period. If you hold the BNB token, you can get 25% rebate on your trading activity.
There are more advantages of this exchange such as:
- Bitcoin saving account: Earn interest on Bitcoin
- Future and margin trading
- No KYC for daily withdrawal of 2 BTC
Read Binance review
2. CEX (Cost effective BTC Exchange)
CEX is one of the most trusted Bitcoin exchanges out there. Their fees are only 0.25% which is one of the industry standard. The security is top-notch and they support multiple payment options such as:
Debit card (Visa and master)
CEX also supports USDT which is a must-have for any exchange that deals in Bitcoin.
CEX has been supported by all major crypto trading tools such as Shrimpy, 3Commas to name a few.
They offer their services in all jurisdictions around the globe including 31 states of the USA. The company was started in 2013 and has offices in the United Kingdom and the USA.
3. Coinbase (U.S. Based Exchange)
The operate in many countries & getting started with Coinbase is easy. I have already shared a detailed guide on how to use Coinbase for buying Bitcoin over here.
Once you signup for Coinbase using the link below, you will get $10 bonus once you have done a transaction of $100.
This is free money so you might not want to miss this offer. While Coinbase is good for buying & selling Bitcoin but if you are into trading, you need to go to GDAX for their official exchange. You can use your existing Coinbase login to get started.
Read Coinbase review
Kraken is one of the largest Bitcoin exchanges in the U.S.A. Based in San Francisco, U.S.A., with Kraken you can also trade using other cryptocurrencies like Ethereum, XMR, LINK and many more.
Getting started is easy & takes about 1-2 days for verification.
This exchange is open for people around the globe & you can fund your account in various fiat currencies like USD, Canadian Dollars, Yen, and Euros (to name a few) & cryptocurrencies like Ripple, Litecoin, Bitcoin.
The first wire transfer will take 1-2 days for a new user. However, after the first successful deposit, things will be smoother.
Here is how the Kraken dashboard looks:
Overall, if you don’t mind waiting for a few days to get started with Bitcoin trading, Kraken is a great option.
Bittrex is my favorite Bitcoin exchange because of its clean design and easy usability.
It is a US-based cryptocurrency exchange that provides you the option to trade more than 190 cryptocurrencies at a time.
They are well-regulated and compliant with all of the current US rules, so crypto users need not worry about the safety of their funds.
Bittrex handles one of the largest BTC trading volumes out of all the exchanges in the world.
To get started with Bittrex, you need to register and log in through your email ID, but to withdraw funds, you need to do a KYC by submitting your ID documents and phone number, as well as enabling two-factor authentication for higher limits.
But one good thing about Bittrex is the account verification happens quite fast.
Bittrex supports two types of accounts:
- Basic Account – withdrawal funds worth up to 3 BTC/day.
- Advanced Account – withdrawal funds worth up to 100 BTC/day.
Bittrex is a “crypto-only” exchange, meaning it doesn’t allow you to deposit fiat currencies such as USD, EUR, GBP, etc and their fee schedule is flat 0.25% for all.
They also provide access to advanced trading tools like candlestick charts and crosshairs, but the user interface is quite clean and intuitive, so newbies should have no problems.
When it comes to trading volume and supported cryptocurrencies & trust, nothing beats Poloniex. Getting started on Poloneix is easiest as you can deposit any cryptocurrency or USDT (Tether dollars) & start trading.
The moment you set-up your account, make sure you enable 2 step authentication before depositing any currency. The exchange supports Stop-limit orders to reduce trading risk. Have 5-minute, 15-minute, 30-minute, 2-hour, and 4-hour candlesticks. Charts are fully Zoomable to cover the complete market history.
If you are dealing in Altcoins, this is the best Cryptocurrency exchange for you.
This is another popular Bitcoin exchange that claims to be the first fully licensed exchange. You can also buy bitcoins using your credit or debit card.
Their interface is prettier than Kraken, and they offer an iOS & Android app so you can trade from your smartphone.
- SMS price alerts
- High security
- 8% fees for credit card purchasing
A bank wire transfer typically takes 2-5 business days, and a SEPA transfer takes 1-3 business days to reach your Bitstamp account.
Bitstamp is best for traders who are looking for an advanced exchange for buying/selling bitcoins to make a profit.
Gemini is another great Bitcoin. Gemini is based out of New York City & also operates in North America, Europe, and Asia.
They offer individual accounts as well as institutional accounts. Their price is competitive & their interface is easy to use for beginners. I had a talk with their team regarding opening an institutional account & they are a very friendly company to work with.
If you are looking to open a corporate account for Bitcoin trading in the U.S.A, Gemini is a great option.
LocalBitcoins is one of those exchange that pioneered the P2P method for buying and selling Bitcoin. It works for any country in the world, and perhaps one of the most reliable service for Bitcoin exchange in P2P format.
The verification process takes about few hours to one day & once you are all set, you can find a buyer or seller near you. The platform acts as an escrow and helps you to find another user like you in your city or country.