Top four exchanges for Crypto Trading 2022 || Best four Crypto Exchanges for 2022

Top four exchanges for Crypto Trading 2022:

Crypto trading has emerged as the new side hustle nowadays. With the availability of seamless and swift internet service, working professionals are trying to find a new way to generate an additional source of income. Crypto trading presented an opportunity to earn some money by devoting a little time towards it. Understanding cryptocurrency is not a piece of cake and trading may be difficult. But there are many crypto trading platforms or cryptocurrency exchanges that provide interactive services for trading cryptocurrency.

Let’s take a look at best cryptocurrency exchanges where you can make money online.

1: Binance Exchange:

Binance exchange is created by Beijie Technology which is a Hong- Kong based company. Company successfully raised $15 million by ICO in July 2017. Binance exchange provides freedom to buy crypto by user’s bank account or users can buy crypto without adding bank account by P2P method. Apart from exchange and wallet here one can make passive income by high yield staking and Defi. Binance created a different platform for US customer as binance.us

Pros:  Cons:
  1. Easy to use.
  2. Scam prevention by guiding.
  3. Start trading with $10
  4. Multiple coin support

1. Registration process delay.

 2. Banks in some countries don’t support.

 

2: Coinbase Exchange:

Main reason behind the popularity is that in the Coinbase is that here you can buy cryptocurrency with US dollars. Here you can trade hundreds of coins including Bitcoin, Ethereum, Litecoin etc. Also you get few dollars as a welcome bonus to start your trading.

Pro:             Con:   
  1. Low initial deposit
  2. Asset insurance in case of any discrepancy
1. Trading fee slightly higher than other exchanges

 

Fee– 2-5%

Initial account opening: $2

3: Gemini exchange:

Gemini exchange is a venture of Gemini Trust Company, LLC. Gemini exchange can be used as trading platform, wallet and Defi solution. Gemini outstands itself from other exchanges by allowing users to spend crypto like real money across the USA. Gemini users can make purchase over 30,000 retail stores all over USA.

Pros:   Cons:
  1. User friendly
  2. Allows spend crypto at retail stores
  3. Easy liquidity and reliability
  1.  Slow registration process
  2.   Available in limited countries.

                                                                                                                

Fee: 0.35%- 3%

4. Kraken Exchange:

Kraken established as one of earliest crypto exchange. In 2011 Kraken was known as “Bitcoin exchange” itself. Kraken was just another crypto exchange till 2014 but it drew attention when court decided to appoint Kraken to assist investigation and retrieval of 850,000 lost Bitcoins. In other words we can say Kraken saved the reputation of cryptocurrencies big time. Now the exchange support 20 coins and 76 crypto/ fiat pairs.

Pros:    Cons:
  1. Asset security
  2. Lower fee
  3. Margin trading
  1. Non regulated
  2. No mobile app
  3. No wallet

                                                                                                   

FAQ :

Q: Is cryptocurrency legal in India?

Ans: The Reserve Bank of India (RBI) and the union government have not given any sort of recognition to cryptocurrencies and, therefore, they are not legal in the country right now.

Q: Is Bitcoin a good investment in 2022?

Ans: A number of experts believe it is only a matter of time before Bitcoin hits 100,000 dollars, meaning 2022 might well be a good time to invest to ride that wave.

Q: Which cryptocurrency is best?

Ans: Ethereum, Decentraland, XRP, Cardano, Terra, Polkadot, Axie Infinity, Binance Coin, etc.
Q: What are the Top exchanges for Crypto Trading in India 2022 ?

Ans: Top exchanges for Crypto Trading are following…

  1. Binance Exchange
  2. Coinbase Exchange
  3. Gemini exchange
  4. Kraken Exchange

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