- HI THERE DENIZENS, AND WELCOME BACK!
- The crypto medium Best Bitcoin and crypto exchanges for 2022/23
- **DISCLAIMER**
- 1. BINANCE-best over all
- overall
- Ruling
- DESKTOP
- MOBILE
- KEY SERVICES
- 2. COINBASE-Best for safety and ease of use
- overall
- DESKTOP
- MOBILE
- KEY SERVICES
- DO NOT EVER BUY USED HARDWARE WALLETS
- 3. KRAKEN-BEST for CUstomer Service and Special features
- overall
- Ruling
- DESKTOP
- MOBILE
- KEY SERVICES
- 4. crypto.com-Bet Mobile app and The Crypto mediums favorite exchange
- overall
- Ruling
- DESKTOP
- MOBILE
- KEY SERVICES
- The Bottom Line
- NOT YOUR KEYS NOT YOUR CRYPTO
- Hard wallet FAQ's
- Refferences
HI THERE DENIZENS, AND WELCOME BACK!
- HI THERE DENIZENS, AND WELCOME BACK!
- The crypto medium Best Bitcoin and crypto exchanges for 2022/23
- **DISCLAIMER**
- 1. BINANCE-best over all
- overall
- Ruling
- DESKTOP
- MOBILE
- KEY SERVICES
- 2. COINBASE-Best for safety and ease of use
- overall
- DESKTOP
- MOBILE
- KEY SERVICES
- DO NOT EVER BUY USED HARDWARE WALLETS
- 3. KRAKEN-BEST for CUstomer Service and Special features
- overall
- Ruling
- DESKTOP
- MOBILE
- KEY SERVICES
- 4. crypto.com-Bet Mobile app and The Crypto mediums favorite exchange
- overall
- Ruling
- DESKTOP
- MOBILE
- KEY SERVICES
- The Bottom Line
- NOT YOUR KEYS NOT YOUR CRYPTO
- Hard wallet FAQ's
- Refferences
The crypto medium Best Bitcoin and crypto exchanges for 2022/23
#1
BINANCE
BINANCE
#2
COINBASE
COINBASE
#4
KRAKEN
KRAKEN
#5
CRYPTO.COM
CRYPTO.COM
**DISCLAIMER**
I am not a Financial Adviser,
This is not financial advice,
But if you want to loose all of your money
There are many of them out there who would suffice.
If you’re looking for knowledge and insight
You’ve come to the right place
I’m not a financial advisor
So you’re money’s in a safe space.
** As I've had over half of my Bitcoin and crypto stolen in Exchange-related bankruptcies scams and rugpulls; I self-custody MY CRYPTO. If you have less than six months of experience in the crypto space, you should only use an exchange to simply buy Bitcoin and transfer it into a self-custody wallet.**
So let’s get right to it!
You’re scrolling through your Twitter feed when you see a tweet from your favorite exchange. They’re promoting their new El Salvador volcano NFT investment opportunity. You know that the Crypto market is cool and crypto fees are low right now.
You’re excited because you’ve been watching the news and you know that volcano eruptions are on the rise. You think to yourself, most crypto exchanges aren’t doing this and this could be my chance to make some serious money!
You go to the exchange’s website and see that they’re offering a limited-time opportunity to invest in an NFT that will be minted when a volcano erupts.
You think about it for a minute and decide to go for it. After all, what could go wrong?
A few weeks later, you check back on the exchange’s website and see that the NFT is still sitting there, un-minted.
You start to get worried and decide to reach out to customer support. After waiting for what seems like forever, you finally speak to a real someone.
They tell you that the volcano hasn’t erupted yet, so the NFT can’t be minted. They say that you’ll just have to wait and see.
You hang up the phone, feeling frustrated and disappointed. You can’t believe that you fell for such a scam!
If you had done your research, you would have realized that this exchange is known for its deceptive marketing practices.
They often promote investment-yield opportunities that don’t exist.
Don’t be like the person in this story! Make sure to do your research before investing in any crypto company.
Check out reviews, speak to other investors, and always be skeptical.
I’ve tried multiple exchanges in my search for the best crypto trading platform 2022/23 and to be honest, the journey has been much easier than I thought. In a world with a market that’s causing a cascade of bankruptcies and rug pulls, exposing the poorly managed projects and bad actors in this space is both a blessing and a warning for the new and experience investor.
Not your Keys, Not your crypto
The Crypto medium has ranked the following exchanges on many criteria including the following;
The Volume metric
measures the total volume of all transactions that have taken place on an exchange over some time. The higher the total volume, the higher the rank given by Cryptomedium.
The Confidence that the volume reported by an exchange is a legitimate metric
measures how confident Cryptomedium is that the volume reported by an exchange is accurate. The higher the confidence, the higher the rank given by Cryptomedium.
The Average Liquidity metric
measures the average amount of liquidity that an exchange has daily. The higher the average liquidity, the higher the rank given by Cryptomedium.
So without further ado, here are the best Bitcoin and crypto exchanges in 2022/23:
PRO'S
+Largest crypto exchange in the world by trade volume (reduces Risk significantly)
+low fees of 0.1% with a further 25% discount if you pay in BNB
+Mobile App
+600+ Crypto Currencies
CON'S
-Poor Customer service
-Version not available the US (not really their fault)
overall
Few exchanges match Binance. is the world’s largest centralized exchange for crypto by trading volume. Founded in 2017 in Hong Kong, this up-and-coming exchange quickly made a name for itself with its impressive growth and popularity.
So much so that they had to suspend registrations in January 2018! Now well established, Binance offers over 40+ fiat currencies and 600+ cryptocurrencies to customers around the world, with no deposit fees and extremely competitive trading fees (maximum 0.1%).
There are plenty of reasons why Binance is my first choice when it comes to crypto exchanges. For one, it is packed with features and options that are perfect for experienced traders and investors.
There are tons of trading tools available, and the platform itself is very user-friendly. Additionally, Binance offers a great mobile app that makes trading on the go a breeze. Plus, the fees are very reasonable, especially when compared to other exchanges.
But perhaps my favorite thing about Binance is that it offers a great referral program that allows me to earn commissions on trades made by people I refer to the platform.
all in all, Binance is an excellent choice for anyone looking for a top-notch crypto exchange.
600+ cryptocurrencies available
This cryptocurrency exchange offers a massive selection are regularly adding new coins. You are almost certain to find a coin that you want to invest in. Another great new feature is that you can even buy NFTs now on Binance.
This makes it one of the most versatile platforms in the industry and gives users a lot of options when it comes to investing.
The only downside is that some of the smaller altcoins can be difficult to find, but overall Binance is a great option for anyone looking to get into the cryptocurrency market.
Advanced trading tools and options
Many trading options and tools. Experienced traders will enjoy the detailed charts available on the platform, and the use of limit orders and stop limits. For those new to trading, the platform also offers a demo account so you can learn the ropes before putting any real money at risk.
In addition to spot trading, margin trading, and P2P exchange, Binance also offers futures trading with up to 100x leverage.
This means you can control a large position with a relatively small amount of capital, but it also comes with increased risk. Ultimately, Binance is a great option for both experienced and novice traders who are looking for a wide range of features and tools.
Binance has very low fees
Which it can offer because of the huge amount of trading volume and the large customer base it has. The base rate for buying and selling coins on the market is just 0.1%, which can be further reduced.
The easiest way to receive a discount on your fees if paying your fees using BNB (Binance’s token). You automatically receive 25% off the fee when using BNB. That means instead of paying 0.1% for a trade, it will be only 0.075%!
Additionally, if your 30-day trading volume is high, and you own a certain amount of BNB coins, then you receive further discounted trading fees.
Another great thing about Binance is that it offers users a demo trading account. This is perfect for those who want to learn how to trade without risking any real money. The interface is the same as the real thing, so you can get used to all the features and tools before actually committing any money.
Overall, Binance is one of the best exchanges out there when it comes to fees, features, convenience, and security. It’s no wonder that it’s become so popular in such a short period.
Ruling
Binance is a big name in the cryptocurrency world, and for good reason. It is the largest crypto exchange in the world by trade volume, which considerably reduces insolvency-related risk.
It has competitive fees and a platform that is built for beginner investors and experienced traders alike. With over 600+ different coins on offer, and extra features such as staking, margin trading, futures, and even an NFT marketplace, it is an excellent platform for you to rely on for your blockchain ventures.
Unfortunately for Americans, Binance is not available in the USA. It was banned in 2019, but there is an alternative exchange called Binance.US that was founded afterward and is available in 43 states.
If you are looking for other options and you live in the US, check out this article on the top crypto exchanges for US residents.
But if you’re outside the US and looking for a top-notch crypto experience, look no further than Binance.
DESKTOP
MOBILE
KEY SERVICES
PRO'S
+ Verified hack insurance
+ Simple, very user-friendly
+ Extremely secure and trusted platform
+ 2nd largest exchange on earth by volume (reduces risk dramatically)
CON'S
-Customer service Chat could be better
-Confusing fee structure
overall
NOTE **Coinbase is currently under investigation by the SEC for authorizing securities related trading. I believe in the idea of “innocent until proven guilty” but It’s important for you to be up to speed on the situation**
Coinbase is second on our list of the largest US-based cryptocurrency exchanges. It was established in 2012 and is fully licensed and regulated, operating in all US states except Hawaii. When Coinbase was first operational, it only supported Bitcoin, but today it offers over 160+ coins and plans to include more in the future.
Coinbase has been a reliable and secure platform for buying, selling, and storing cryptocurrencies. In addition to being one of the largest exchanges by volume and traffic, Coinbase is also one of the most liquid exchanges, with a wide range of fiat and crypto pairs available for trading.
Overall, Coinbase is a great option for those looking for a safe and easy way to buy, sell, and store cryptocurrencies.
Extremely secure and trustworthy
Have you ever been worried about putting your money into a trading platform? You should be! There have been countless stories of people losing everything they’ve put into a platform, only to find out that it was unregulated and uninsured.
This is why it’s so important to choose a platform that has been in business since 2012, is fully licensed and regulated, and even has personal insurance to cover customers’ assets in the unlikely scenario that the platform is hacked.
With Coinbase, you can trade with confidence knowing that your money is safe.
Very user-friendly interface
As a first-time user of any cryptocurrency platform, I found that Coinbase was extremely easy to navigate. The platform is very intuitive, and there are even educational tools to help newbies learn more about cryptocurrency.
I would recommend this platform to any US-based beginner who is looking to get their toes wet in the cryptoverse.
160+ of cryptocurrencies
Coinbase is the most popular exchange in the USA for good reason. Although you won’t find as large of a selection, this isn’t necessarily a bad thing.
Besides, You’ll find all major crypto coins and likely the cryptocurrency you’re looking to invest in on Coinbase. With more coins to come in the future, Coinbase is a great place for crypto investing and a safe place for your crypto holdings.
There’s a good reason why Coinbase is the most popular crypto exchange in the United States, the largest by volume. It’s a user-friendly platform that is perfect for beginners and is as secure and legitimate of exchange as they come.
With 160+ cryptocurrencies, there’s plenty of choice for both new and experienced investors alike. Because Coinbase has Crime insurance coverage as well as storage of 98% of its digital assets offline, it’s one of the best exchanges in terms of security.
The fees are a little higher than other exchanges, but, considering this as a ” for peace of mind” and ease of use fee.
Ruling
If you are an experienced trader that prefers advanced tools and lower fees, you can also use their sister platform, Coinbase Pro. All things considered, Coinbase is my verdict for the best crypto exchange in the United States, the best exchange for beginners, and currently second place, by trading volume, overall.
DESKTOP
MOBILE
KEY SERVICES
DO NOT EVER BUY USED HARDWARE WALLETS
Open Marketplaces like Amazon have better deals...BUT... risk is higher. Otherwise buy direct from the manufacturer. Be Safe!
PRO'S
+Unmatched Customer service.
+Easy to use
+Most established (2011)
+Futures, Margin and Forex
CON'S
-Higher than average fees
-Crypto selection not as high as others
overall
Launched in 2011, Kraken is one of the longest-running and most popular cryptocurrency exchanges in operation.
Based in the USA, Kraken offers users the ability to buy, sell and trade over 185 different cryptocurrencies using several fiat currencies. In addition to traditional trading features, Kraken also offers staking, margin trading, and futures contracts.
The exchange is one of the largest in the world, serving traders from all corners of the globe. Kraken’s popularity is due in part to its low fees, ease of use, and comprehensive safety measures and regulations.
Whether you’re a seasoned trader or just getting started in the world of crypto, Kraken is an excellent choice for buying, selling, and exchanging digital assets.
I had never traded cryptocurrency before, but when a friend told me about Kraken, I decided to give it a try. I’m glad I did! Kraken stood out to me straight away, because it has a simple, sleek interface that is easy for beginners to navigate.
Yet it also has additional features such as staking and margin trading that you normally don’t find on user-friendly exchanges. Kraken is extremely popular around the world, and I can see why: the low trading fees, easy-to-use platform, and Live Chat features are all highly welcomed by new and experienced investors alike.
I found the customer service to be excellent; they were always available to answer my questions and help me get started. If you’re thinking of getting into cryptocurrency trading, I would recommend giving Kraken a try.
Fee lower than average
Kraken is a great place to trade Bitcoin, Ethereum, Litecoin, and more. With maker fees of 0.16% and taker fees of 0.26%, Kraken is one of the most affordable exchanges in the market.
And, if you’re a high-volume trader, your fees can be reduced to 0.00% for makers and 0.10% for takers.
185+ Crypto
Kraken offers a good selection of coins to trade. You can find all the major coins here, including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
The exchange also regularly adds new coins to its platform, so you can always find something new to the trade. Kraken is known for its security and reliability, so you can rest assured that your funds are safe.
The fees are also very competitive, making Kraken a great choice for anyone looking to trade cryptocurrencies.
Extra Features
Offering margin trading, futures trading, staking, OTC service, and more, Kraken has something for everyone. And with its easy-to-use interface, Kraken is the perfect place for both experienced traders and beginners.
Ruling
Kraken is a popular cryptocurrency exchange for a reason – it’s packed with features, is easy to use, and provides great customer support.
With over 185+ cryptocurrencies supported, 7 fiat currencies, and additional features like staking, margin trading, futures trading, and OTC desk, Kraken has something for everyone. Whether you’re a new investor, an experienced day trader, or an institutional client, Kraken is a great choice.
That being said, it doesn’t offer as many coins as some of the other big exchanges like KuCoin and Coinbase, but it carries bitcoin and all the top projects altcoins in the space with customer service and support are unmatched.
So, whether you’re a beginner or an experienced trader, Kraken is the perfect place to start trading cryptocurrencies.
DESKTOP
MOBILE
KEY SERVICES
PRO'S
+Tremendous utility with CRO token and constantly inovating
+Free Netflix and Spotify (with certain card options
+Lend and Borrow crypto easily
+low fees
+Margin and Derivitives trading on desktop.
CON'S
-Desktop website limited to USDC, CRO, BTC AND, USDT for exchanging
-Currency conversion fee's with Visa card
overall
Crypto.com offers so much more than just being a cryptocurrency exchange. It has by far the best crypto app on this list because, with the Crypto.com app, you can access a variety of features that make it easy and convenient to buy, sell, and trade cryptocurrencies.
In addition to the Exchange, the app also offers a Staking feature that allows you to earn interest on your cryptocurrency holdings. There is also a Lending feature that lets you borrow money against your holdings and a Metal Visa debit card that gives you up to 8% cash back on all your purchases. The best part about Crypto.com is that it is available for both iOS and Android, so you can use it no matter what type of phone you have.
Although currently number 5 on this list, Crypto.com is my favorite exchange.
Not only can you buy and sell cryptocurrency, as you would expect on any top crypto exchange, but there are plenty of additional features such as staking, earning, Visa debit card, and NFT marketplace.
Crypto.com Earn
Looking to earn some interest on your crypto assets? Staking is a great way to do it! With over 40 different coins available for staking, you can earn interest on your holdings every week.
And if you’re staking with CRO, you can even increase your yield based on how much CRO you have staked. So what are you waiting for? Start staking today on my favorite exchange!
250+ cryptocurrencies
Crypto.com offers a great selection of coins, and you can buy, sell or trade on the platform. They also have their coin, CRO, which you can stake to earn rewards, reduce trading fees and get cashback on purchases made with the Visa debit card.
The platform is easy to use and has a great community, so I recommend checking it out if you’re looking to get into crypto trading.
Metal Visa debit card
I love the CRO card! Not only does it look beautiful, but it comes with a range of benefits. You will receive different rewards based on the level of card you have (which is determined by the amount of CRO you have staked).
You can receive up to 5% cashback (paid in CRO) on purchases, receive 100% rebates on Netflix & Spotify subscriptions, 10% rebates on Airbnb & Expedia bookings, and even Airport lounge access. All of these benefits are available to users who stake at least 1,000 CRO. But that’s not all! The CRO card also offers exclusive perks, such as 0% foreign transaction fees and priority customer service.
Overall, I think the CRO card is an excellent way to get more value out of your CRO holdings.
Ruling
Crypto.com is my favorite exchange for a few reasons. First, they offer more than just basic buy and sell functionality. On the desktop exchange, users can invest in crypto with spot trading, margin trading, and derivatives trading.
Using the app, buying and selling crypto using fiat or swapping from another coin are both supported, as well as staking over 40+ coins. Second, the coolest feature is the Crypto.com Visa debit card, where you can spend fiat currency and receive up to 5% cashback in CRO, as well as receive rebates on subscriptions like Netflix and Spotify, and bookings on Expedia and Airbnb!
Finally, staking Crypto.com’s coin (CRO) gives you access to even more benefits, such as higher interest rates, lower trading fees, and cashback on Crypto.com Pay and the Visa debit card.
Overall, Crypto.com is an excellent platform that offers a lot of features and benefits to its users.
DESKTOP
MOBILE
KEY SERVICES
The Bottom Line
I’m new to blogging but I’m not new to crypto transactions, crypto trades, or crypto exchange platforms. the first thing you need to understand is that there’s a difference between centralized and decentralized exchanges. A crypto wallet is different than an exchange wallet and crypto exchange accounts are not secured like a bank account
Crypto exchanges are amazing places but most of the territory is like the wild west and feel that most of it should be off limits to everyone except veteran crypto traders and crypto investors.
If you have less than six months of experience in a crypto trading platform, you should use an exchange to simply buy Bitcoin and transfer it into a self-custody wallet.
Investing in crypto can be a great way to make some extra money. But it’s also a risky endeavor. Although I firmly stand by my choices in this article, it’s also important for you to take responsibility and do your research before investing in any company. The best way to avoid being scammed is to educate yourself about the most common scams in the industry. There are plenty of great crypto companies out there. But there are also plenty of bad actors. Make sure to do your research before investing in any company.
Always be skeptical and remember The Crypto Medium has your back.
NOT YOUR KEYS NOT YOUR CRYPTO
Centralized exchanges can be beautiflul things, and the ones I reviewed are a good as they get...BUT... the risk of holding your assets in them is much higher. They are not designed for safe cold storage. Be Safe!
#1
BINANCE
#2
COINBASE
#4
KRAKEN
#5
CRYPTO.COM
Hard wallet FAQ's
An exchange is a platform that allows you to buy, sell, or trade cryptocurrencies. There are many different exchanges available, each with its advantages and disadvantages.
If you want to buy, sell, or trade cryptocurrencies, you will need to use an exchange.
Know Your Customer (KYC) is a process that exchanges use to verify the identity of their users. This usually involves providing some form of government-issued ID, such as a passport or driver’s license.
Two-Factor Authentication (2FA) is an additional security measure that can be used to protect your account. It usually involves using a phone or other device to receive a code that is needed in addition to your password to log in.
The best crypto exchanges for you will depend on your individual needs and preferences. Some people value security and storage above all else, while others prioritize low fees or a user-friendly interface.