The best crypto currency exchange 2022

The best crypto currency exchange

A list of the best crypto currency exchanges in the world

Today we will discuss the best crypto currency exchange platforms also known as CEX (Centralized exchange).

We do list some information about them as well as pros and contracts which they do have, customer focus, their origin, founders, and USPs.

As Cryptouserguide we focus on worldwide providers but also on specific niche/booming markets like the USA or India.

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Content of the best crypto currency exchanges:

-Binance

-FTX

-Coinbase

-Kucoin

-Gemini

-Kraken

-WazirX

-Crypto.com

-Advcash

The best crypto currency exchange
(*The best crypto currency exchange)

Or are you more interested in DEX (Decentralized exchange) solutions? If so we have written a more detailed article about the best DEX platforms

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Binance

The most famous crypto trading/exchange platform with the highest daily trading volume.

The key player in the market branding, trading, and ecosystem wise.

Huge ecosystem of projects and investments (earn, travel, tax, etc.)

Cz the founder is well connected with states and national banks.

Already got major licenses in Dubai, USA, Italy, France and other states + expanding always 

Personally we do see Binance as the best crypto currency exchange on the market.

Contra: future trading in some countries is not possible, some swift payout issues due to partner bank issues sometimes, bank license = reporting to tax customs

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FTX

Founded by and because of the needs of Almadea research ( the quantitative trading company of Sam Bankman-fried, who is also the owner and CEO of FTX)

One of the most flexible payouts with banks, well licensed, sub US company, and main seat in the Bahamas

They do have their own token: $FTT and a super user-friendly UI.

Huge ecosystem of derivatives, options, tokenized stocks, prediction markets, leveraged tokens, OTC trading, and much more

Contra: Huge withdrawal fee of 75$ if the amount of withdrawal is under 10.000$!

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Coinbase

The major player in the space, worth over 1 billion $, stock listed and one of the most hyped up IPOS of the last years.

They have full banking licenses in the USA, Europe, and more markets

Their platform is known for an easy user interface, and simple but fast deposits and withdrawals.

Coinbase was and still is and most likely will be for a long time, one of the major players in the space, especially because they also offer big B2B offers like OTC deals and much more.

Contra: High transaction fee of 0.5% and not available in all countries, bank license = reporting to tax customs

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Kucoin

Currently well known to list the new upcoming hidden champions/moonshots, many people do use it for crazy returns – but even more lose big time (always remember, if something is high rewards it usually also is high risk)

They are based in Hongkong & Seychelles (launched in 2017) with their Company and own token $KCS

More than 400+ Crypto pairs tradable and easy Fiat deposit/withdrawal options

Internal ecosystem (Staking with 12% APY, mobile app, affiliate program) Join KuCoin

Contra: No US-License, Usually not really suitable for beginners because of UI/and missing education resources

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Gemini

Founded by the Winklevoss twins in 2015 (famous from the Facebook movie and their future early investments in bitcoin and other crypto-assets and companies)

One of the biggest players, especially considering the USA market with crypto exchanges and custody services and licenses

They are also famous for their stable coin staking options which do earn you a decent 8% APY

Contra: Just fired 10% of their employees because of “a crypto winter”, not available in all countries, and they do offer not real-time support.

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Bitfinex

According to some past acquisitions they are connected with USDT and a major player in the space for years already (Founded in 2012), and it is currently based in the BVI (British virgin islands) while being the #8 biggest crypto exchange rated by volume at the day of writing

They originally started as a P2P provider and already had to deal with many legal troubles in the past, especially in the USA.

Contra: Much legal trouble in past, affiliation with USDT (which many assume/say it is not fully backed but let’s see, with the new US stable coin law all stable coin providers need to show their reserves and it will show if this long thought fear had any reason or not)

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Kraken

Kraken is a US-based Crypto exchange with a full bank license, founded in the year 2011 after the major breakdown of Mt. Gox, Kraken stepped into the spotlight.

The #4 biggest cryptocurrency exchange based on volume at the time of writing with over 100 crypto pairs tradable.

The first crypto exchange in the USA with a Special Purpose Deposit Institution license

Jesse Powell is the current CEO of the company.

Contra: Many options are not available to U.S. users and sometimes they do have a confusing UI (User interface).

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Wazirx

India’s biggest cryptocurrency exchange, Wazirx is based in Mumbai.

They were bought by Binance in late 2019.

A major player for adoption in the east, user-friendly UI, part of the Binance ecosystem, P2P engine, Instant INR fiat deposit, and withdrawal 

They do have their own token with the ticker $WRX

They have 60-70% of the Indian digital currency exchange market and also the biggest NFT Marketplace.

Contra: Many coins are often not available for withdrawal, 0,2% trading fee

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Crypto.com

We are sure you have heard about crypto.com, they are doing great marketing and even bought license rights of sports teams and whole arenas (ex staples center) and have a running affiliate campaign of 50$ for each new user you can invite (which does deposit)

Their credit cards with cashback function do make it very b2c user-friendly, especially for people trying to easily spend it.

Based in Singapore and founded in 2016, which is a major financial hub, especially in the crypto industry

Contra: had data/coin breach lately but users were refunded, not available to US-Customers

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Advcash 

Advcash is a licensed crypto exchange and online bank/EMI.

Their focus is not only on B2C customers but also on B2B customers with their payment merchants’ services and APIs.

Huge selection of worldwide credit card (Virtual and physical) partners/providers, with huge limits, which do allow you a nearly instant deposit/exchange of your cryptocurrency to fiat for spending via your card.

-pro: a Binance partner, online bank look and feel, fast payouts/deposits, Crypto & Fiat friendly

Contra: “shady” license in Belize, no clear statements about CRS reporting to tax/customs

Conclusion:

We do hope you could find the best crypto currency exchange for yourself based on the information from our crypto user guide.

As you can see some do have the best fees, some are the best user friendly for beginners, and some are the specific crypto currency exchanges for more advanced traders.

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Disclaimer: The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss.

*Any possible Image and word trademarks mentioned are property of their owners, we do not claim any ownership over those and do just use them for educational use – please send a takedown request to info@cryptouserguide.com.

(Underneath Part 107 of the Copyright Act 1976, allowance is made for “truthful use” for functions corresponding to criticism, remark, information reporting, instructing, scholarship, and analysis. Honest use is a use permitted by copyright statute which may in any other case be infringing.”)

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  1. […] Never share your private keys with anyone, even if they claim to be from a reputable exchange or wallet […]

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