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What Are the Best Platforms for Crypto Trading in 2022: Top 7 Picks

Man watching crypto trading platforms
Person scrolling through a crypto trading platform

How to Choose the Best Platforms for Crypto Trading

Now that you know what are the types of places where you can buy and sell your coins, comes the question of how to pick the best trading platform for crypto. There are a couple of factors that you should consider when deciding on the best trading platform for crypto. All platforms must include this information on their sites but let’s see what you should look for.

Factors to Consider When Picking a Crypto Trading Platform

    • Fees on the platform: Every platform has different fees when it comes to trading, depositing, and withdrawing funds. Some may come without fees or with lower ones, but the common range for trading in crypto platforms is 0.1-0.5% and 1.5% for deposits. For withdrawing the fees will depend on the amount you want to take out.

       

    • Selection of offered currencies: On most platforms, you’ll be able to buy Bitcoin, Ethereum, and other top 10 cryptos but if you want to buy less popular or brand new assets, you need to first research which platforms offer them.

       

    • Covered locations: Some platforms offer their services in limited locations. Before trying to create an account, you must make sure the platform covers your country and complies with the regulations there.

       

    • Reliable customer service: Like all good businesses, the best platforms for crypto trading should offer good customer support if something goes wrong with your money. Research reviews of other crypto traders online to get a general impression

       

    • User-friendly platform: The site or app of your chosen platform for trading crypto should be easy to navigate even for beginner traders.

       

    • Additional perks: The best crypto trading platforms offer additional services like wallets, crypto trading tools, or educational recourses on their sites. You can take advantage of them to improve your trading.

Top 7 Best Platforms for Crypto Trading in 2022

Considering the factors we’ve mentioned about picking the best platforms for crypto trading, here are our suggestions for places to buy and sell crypto you should consider in 2022. 

  1. Binance
  2. Coinbase
  3. Gemini
  4. eToro
  5. Kraken
  6. Crypto.com
  7. Uniswap
The logo of the Binance platform for crypto trading

Binance

Binance can be considered one of the best platforms for crypto trading for people who look for a big variety of supported cryptos, as it offers more than 500 coins. The platform has its own token, BNB, created to make transactions on the exchange cheaper and offers an NFT marketplace and a DEX. 

Pros of Binance

  • Low trading fees
  • Site suitable for both new and experienced traders

Cons of Binance

  • Banned in the US (Binance.US serves as an alternative there)
  • Slow verification process
Logo of Coinbase platform for crypto trading

Coinbase

Coinbase may be the best trading platform for crypto for experienced traders. Along with its regular services, the exchange offers premium services for professional traders – Coinbase Pro, and for institutional customers – Coinbase Prime.

Pros of Coinbase

  • The platform offers a secured wallet
  • Educational content at users’ disposal

Cons of Coinbase

  • Higher trading fees
  • Withdraw time may be slow
logo of Gemini platform for crypto trading

Gemini

Founded by the crypto billionaires Winklevoss twins, Gemini is suitable for crypto traders, looking for security when purchasing their assets. The platform claims to have its main focus on secure trading and supporting customers in all issues.

Pros of Gemini

  • Hot wallet insurance
  • The service Gemini Pay allows purchases at more than 30,000 retailers using crypto

Cons of Gemini

  • Doesn’t support margin investing or short selling
  • Fee structure may be confusing, depending on the services you use
logo of etoro

eToro

The multi-asset broker eToro can be considered the best crypto platform for day trading, as it offers 100% commission-free day trading. eToro offers a Copy Trading feature, helping beginner crypto investors learn from experienced, by copying their trades and potentially increasing their profit.

Pros of eToro

  • Multiple supported ways of deposit
  • Regulated with a wide location support range

Cons of eToro

  • Smaller number of supported cryptos, as it’s not a specialized exchange
  • Customer support answer time may more take time
logo of Kraken platform for crypto trading

Kraken

Kraken is one of the best platforms for crypto trading when it comes to trading crypto to crypto, as it offers 130 trading pairs. The exchange promotes itself as suitable for everyone, from new investors to companies, looking into digital assets.

Pros of Kraken

  • Offers rewards through staking
  • Provides crypto guidance for beginners

Cons of Kraken

  • Reported losses due to hacks and lack of the exchange’s support
  • High instant buy fees
logo of Crypto.com

Crypto.com

Crypto.com serves as the best trading platform for crypto investors, looking to quickly buy and sell assets from their mobile devices. The exchange also offers a wide variety of DeFi tokens and a DeFi wallet app.

Pros of Crypto.com

  • Opportunity to earn interest on crypto
  • Lower fees for accounts, funded with cash transfers

Cons of Crypto.com

  • Doesn’t offer crypto-to-crypto trading
  • Some services are not provided in the US
Uniswap logo

Uniswap

Uniswap is the most popular decentralized cryptocurrency exchange, hosted on the Ethereum blockchain. It is among the best platforms for crypto trading for DeFi enthusiasts who want to take advantage of the UNI token as well, receiving it as a reward for not selling their holdings or governing the exchange based on how many UNI they own.

Pros of Uniswap

  • Possibility to swap all ERC-20 tokens
  • No identity verification required

Cons of Uniswap

  • High gas fees
  • Possible listed scam coins because everyone can list a crypto

What Is the Best Platform for Trading Crypto in 2022?

There’s not one single winner when it comes to the best platforms for crypto trading because it all depends on your needs and what you’re looking for when picking the place to buy and sell your crypto. However, you can consider the factors and platforms we’ve listed, and based on your preference, pick the best trading platform for crypto for you. Make sure to do your own research beforehand, and read customers’ reviews and what platforms provide, because you need to trade your crypto on a secure platfrom to avoid scams and losses due to lack of information.

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