The best Bitcoin exchanges of 2022

To make buying, selling and sending crypto easy, here are the best Bitcoin exchanges

If you want to get Bitcoin or any other cryptocurrency, you will need to choose the best Bitcoin exchanges (Bitcoin exchange) or trading platform for your needs. There are many out there, but the best Bitcoin exchanges make it extremely simple to buy and sell cryptocurrencies using normal fiat currency (U.S. dollar, pound sterling, etc.).

Bitcoin exchanges also usually allow the storage of cryptocurrencies, although if security is a priority, you will want to store your virtual assets in a non-custody Bitcoin wallet, over which you have full control. Before you dive in, you need to be aware of what to look for when it comes to the best Bitcoin exchanges for your specific needs.

An exchange is like a cryptocurrency broker, as it facilitates the purchase, exchange and sale of digital currencies or tokens. Through an easy and safe operation, buyers and sellers are able to carry out their transactions in a practical and worry-free manner, ensuring that each one receives what has been negotiated.

Best Bitcoin exchanges

A good place to start is the selection of cryptocurrencies supported by the exchange. With many altcoins in circulation besides Bitcoin, you will need to decide which one to invest in. Popular alternatives include Ethereum, Litecoin, XRP, Cardano and more.

In addition, it is worth paying attention to the fees charged. Although all bitcoin exchanges charge transaction fees, it is obviously better to find one with the lowest costs, according to your preference and purchasing power. In some cases, however, low rates detract from other important attributes and resources.

Exchanges offer an adequate structure for the operation, however, charging fees and legal costs for each trade, functioning as taxes. To carry out such operations, you need to register on the platform, sometimes needing to send documents to confirm your identity. To start trading and/or buying crypto-assets, it will be necessary to deposit money via transfer to the exchange account and wait for validation.

Cryptocurrency trades are made on the platform, each with its own interface, with exchanges serving as intermediaries for transactions, connecting buyers and sellers. However, it is also possible to negotiate cryptocurrencies directly with the exchange, being even simpler, just needing to negotiate and reach an agreement regarding the values ​​and carry out the transaction.

Now that we know what to look for, here is a summary of the best Bitcoin exchanges at the moment.

Binance

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Binance
  • Reasons to buy: Wide range of cryptocurrencies and trading pairs
  • reasons to avoid: Geared towards advanced users

The bag Binance is an exchange founded in 2017 with a strong focus on altcoin trading. It was even banned in the US in 2019, but the company spun off Binance.US and others. As of November 2021, Binance dominated the global exchange space, making up a significant portion of daily cryptocurrency trading volume.

The exchange only allows deposits in multiple currencies and allows you to directly purchase a select number of cryptocurrencies with a credit or debit card. Deposits using 12 other fiat currencies are allowed, including Euro, Real and others. Very easy to use, but it also has a solid reporting base so you can keep track of everything that happens with your investment.

Binance is suitable for people looking to trade or invest in lesser-known altcoins. THE Binance offers over 50 different cryptocurrencies to trade and is a good choice for anyone who wants more advanced graphics than most other exchanges. The features, graphics skills and data that come with your account are really impressive, especially when you consider their reasonable fees. Make your account at Binance right now.

Coinbase

Bitcoin exchanges
Coinbase
  • Reasons to buy: Easy to use, off-chain transfers, supports multiple fiat currencies.
  • Reasons to avoid: Complicated fee structure, tracks encryption usage.

Headquartered in the United States, Coinbase is one of the largest fully regulated cryptocurrency exchanges. Since launching in 2012, Coinbase said it has facilitated transactions worth more than $ 455 billion and its 40 million verified users have more than $ 90 billion in assets on the platform.

Coinbase allows you to buy and sell Bitcoin, as well as more than two dozen other cryptocurrencies. It also supports several fiat currencies, including the pound sterling, the US dollar, the euro and more.

Headquartered in the United States, Coinbase is one of the largest fully regulated cryptocurrency exchanges. Since launching in 2012, Coinbase said it has facilitated transactions worth more than $ 455 billion and its 40 million verified users have more than $ 90 billion in assets on the platform.

Coinbase allows you to buy and sell Bitcoin, as well as more than two dozen other cryptocurrencies. It also supports several fiat currencies, including the pound sterling, the US dollar, the euro and more.

The company also launched the Global Digital Asset Exchange (GDAX) to better serve users trading large volumes of crypto. GDAX is now known as Coinbase Pro and offers a number of trading tools designed for professional traders. In addition to standard exchange features, Coinbase supports off-chain transfers, which allows platform users to send funds to each other without incurring transaction fees.

CoolWallet Pro Wallet - Wireless Bitcoin for experienced crypto users - Easily manage your BTC, ETH, USDT, XRP, LTC, all ERC20 tokens - also TRX, DOT, Atom, all TRC20 tokens, BEP20 tokens - BNB, TRC20
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  • Safe Stake: Earn passive rewards as you store. Put your digital assets on CoolWallet Pro to get POS coin rewards for Polkadot, Tron and Cosmos.
  • Market Trading: DeFi, Dapp and NFT (eg Rarible, Opensea) In-App Integration Coming Soon!
  • Discreet Convenience: Just 0,8mm thin and 6g light, each CoolWallet fits inside your physical wallet. It's also tamper-proof and water-resistant for added durability.
  • Better security: Enjoy enhanced security with our updated security element (SE). CoolWallet Pro SE has a CC EAL6+ rating, which is one of the highest security standards in the industry today.
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eToro

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eToro
  • Reasons to buy: Various crypto products, wide variety of cryptocurrencies, available in many countries.
  • Reasons to avoid: Complex fee structure, complex asset flow.

eToro is a complete trading platform that allows users to trade currencies, commodities, stocks and cryptocurrencies. Based in Israel, eToro has millions of customers in over 100 countries. The platform first introduced Bitcoin trading in 2013 but has since become a more complete bitcoin exchange offering various cryptocurrency products.

In general terms, eToro offers two mechanisms for investing in cryptography. You can buy cryptography without leverage, in which case the underlying asset is kept in cold storage by eToro on your behalf. Or you can negotiate cryptography through a Difference Contract (CFD), whereby you do not own the underlying asset, but rather speculate about its future price.

One aspect that makes eToro stand out is that it offers social trading facilities. Using the platform's copy trading feature, for example, users can follow and copy the positions of other traders.

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Robinhood

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Robinhood
  • Reasons to buy: Capable mobile app, offers multiple cryptocurrencies, easy to use interface.
  • reasons to avoid: US only, hidden fees, cannot move crypto to private wallets.

Robinhood broke out on the financial services scene in 2015 with the trading of shares and exchange-traded funds (ETFs) without commissions. Thanks to its mobile-first approach and a promise to make investment easy and affordable, the platform quickly attracted the attention of new and experienced traders.

Although the platform has been mired in controversy thanks to the way it handles the recent GameStop event, it remains popular because it allows users to trade stocks, options and ETFs via smartphone and charges minimal brokerage fees.

As of February 2018, the platform started to allow its users to trade cryptocurrencies as well. It all started with just Bitcoin and Ether and gradually increased the number of coins that can be traded on the platform. However, the service is only available to US users and purchased cryptocurrency cannot be moved to non-custodial wallets or used to make payments of any kind.

SoFi Invest

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SoFi Invest
  • Reasons to buy: Cheap to operate, intuitive interface, mobile app.
  • reasons to avoid: US only, limited range of cryptocurrencies, it is not possible to move crypto to private wallets.

SoFi is a San Francisco-based company that stood out for the first time in refinancing student loans. Founded a decade ago, the personal finance company now has a user base of more than one million customers.

The company's investment platform, SoFi Invest, allows members to invest in a variety of products, including stocks and equity traded funds (ETFs). The platform, which is currently only available to residents of the United States, is popular with traders, especially because of its $ 0 fee for stock trading.

In September 2019, SoFi also added the ability to trade cryptocurrencies, specifically Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin. The platform uses Coinbase to handle all cryptographic transactions on behalf of its users.

Like Robinhood, the crypto trading function is only available to US users and the crypto cannot be removed from the bitcoin exchanges wallet (only bought or sold).

Quick FAQ

What is a cryptocurrency exchange?

A cryptocurrency exchange is a marketplace where you can buy and sell cryptocurrencies such as Bitcoin, Ether or Dogecoin.

How do you buy cryptocurrency?

You open an account with any of these exchanges, deposit your funds and then you can “exchange” your Reais or fiat currency for the cryptocurrency of your choice. Some cryptocurrencies only have specific pairs they trade with, so depending on what you want to buy, you may need to buy something like Bitcoin and then exchange Bitcoin for another token.

What is the best cryptocurrency exchange?

Binance is the top choice for the best overall cryptocurrency exchange and the best exchange for crypto enthusiasts, according to the Forbes Advisor.

Which is better between Coinbase or Binance?

Binance is best suited for people familiar with the language of cryptocurrencies and investment options, while Coinbase is built for convenient and easy trading. Both exchanges provide mobile apps with varying functionality.

Who has more Bitcoin?

With over 1.000.000 BTC, Nakamoto – which can be an individual or a group – owns more Bitcoin than any other entity.

Which exchange has the lowest rate?

Among the fees of Brazilian exchanges is Binance, with deposit fees of BRL 0% and withdrawal fees of BRL 2,60. The second place is Biscoint, with a deposit of 0% and withdrawal of R$ 14,90.

If you still have doubts, leave it in the comments. We will try to solve them and help you to enter this vast and new world of cryptocurrencies, their nuances and everything that surrounds them, including exchanges. Talk to us and take the opportunity to read more about criptomoedas e bitcoins on our website.

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Paulo Fabris is a journalist, writer, RPG player, gamer, cosplayer, nerd and fan of anime since the time of TV Manchete.