Best Centralized Crypto Exchanges 2022
In today’s article, I am going to cover the best cryptocurrency exchanges that you can use to trade. Now, unlike DeFi exchanges, the crypto exchanges I’m talking about are all centralized and retain their keys. Now there are many pros and cons between using centralized exchanges versus DeFi exchange and one as I said before is that you don’t own your keys, exchanges do technically, any crypto held in these wallets is technically owned by exchanges
But the crypto exchanges that I am discussing today are all trusted and verified secure exchanges for selling and holding funds / cryptos. The last two things I want to say are that this is not financial advice of any kind, so don’t take it as such. Another is the affiliate links that will be provided below for you to sign up with and I both get rewarded when you use these links so make sure you sign up using them. Finally, before I get into the blog, I want to say that all of these exchanges have something different that gives them advantages and disadvantages to each other, so be sure to read the entire list to know which one you should start trading on. Now let’s get into the post.
The Top Four Cryptocurrency Exchanges for Experts and Beginners
There are hundreds of cryptocurrency exchanges available to traders and investors. However, these four are some of the world’s leading and Top most powerful crypto trading platforms.
Editor’s Choice for Best Crypto Exchanges:
- Best for Altcoins: Uphold
- Best for Earning Interest: Blockfi
- Best for Trading: Binance
- Best Overall: Coinbase
Uphold – Best for Altcoins Cryptocurrency exchanges
Uphold offers a simple solution for trading multiple assets: open an account and trade multiple assets without going back to cash. If you have traded all cryptocurrencies, you will know that many coins and tokens are only traded on certain pairs, so you will always return to BTC or ETH. But in Uphold, you can trade multiple assets directly.
Also, Uphold is one of the few exchanges that allows you to trade XRP, DOGE, and more.
Simple and transparent pricing structure
Many crypto tokens and even some stocks, including popular ones like XRP
Mobile and desktop applications
It is not as easy to use as some on this list.
Some reports of poor customer service
BlockFi – Best for Earning Interest Crypto exchanges
BlockFi is a cryptocurrency investment platform that allows you to lend and earn interest on your holdings. Also, instead of selling your coins and tokens, you can also borrow against their holdings.
If you are just looking to save your tokens, you can also let them earn interest for you.
Bonus Offer: Get up to a $ 250 bonus when you make a $ 25 deposit and keep it for the specified time period.
No commissions or fees
Based in the USA and regulated
Earn high interest on deposits
Does not support many tokens and coins
Limited free withdrawals
Take a Look at Blockfi Here and Get Started >> Get Up to a $ 250 Bonus!
Binance – Best for Trading crypto Exchanges
Binace is A great platform to enter some coins like Cardano or Neo. It’s not as easy to use as some of the top platforms on this list, but they do have one of the strongest trading platforms out there. They have a decent mobile app, but again, it’s not that easy to use and has frustrated us. Try Binance here.
Note: Binance.us is the US version of the platform and has limited coins and tokens to invest in compared to the international version of Binance.
Large number of coins and tokens supported
Fast transaction times
The US has limited options compared to the rest of the world
Not available in all 50 states
Limited customer support
Coinbase – Best Overall cryptocurrency exchanges
Coinbase is by far the most popular and one of the best cryptocurrency exchanges because you can invest directly with USD. You can currently buy Bitcoin, Ethereum, and Litecoin and more than 30 coins and tokens on the platform. Additionally, you can earn interest on your USDT and you can earn token rewards by completing various activities.
Plus, when you open a Coinbase account, you get a $ 5 bonus!
Easier to use interface
Good selection of tokens and coins to invest.
High level of security and reliability
High fees unless you use Coinbase Pro
User does not control private keys in wallet
Slow to adopt popular new cryptocurrencies
Take a Look at Coinbase Here and Get Started >> Get $ 5 Free!
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