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5 Best Crypto Trading Platform & Exchanges Of April 2022

milaeryomina

Crypto trading platforms are digital marketplaces, kind of like Walmart and Target, where you exchange money to get anything you need. But on Crypto trading platforms, you trade one digital money, a.k.a. cryptocurrency, for another to make a profit. It is a lot like foreign exchange, where people buy for or against the market.

Many people use this trading concept to hedge their funds against inflation by saving or investing in a cryptocurrency. Some investors are just there to buy or sell for profit. This means crypto trading is fast becoming a sustainable income for crypto lovers. Others bet for or against the market and gain profit from their accurate predictions. Whatever the motive, crypto exchanges are a huge business for many people, and we know you are eager to get in on all that action.

So, this leads us to one of the most confusing questions in the crypto industry. How can you tell the best trading platforms to use?

After much research, we have compiled a list of the five best crypto trading platforms you can use, especially if you are a beginner.

Top 5 Best Crypto Trading Platform In 2022
Crypto.com – Overall Best Crypto Trading Platform For Beginners
BlockFi – Leading Crypto Exchanges For Day Traders
eToro – Best For Bitcoin Trading 
Coinmama – Decentralized Crypto Exchange To Earn Interest 
Binance – Best For Fast & Secure Crypto Transactions
With the following information, we hope you will make an informed decision on the best crypto trading platform.

#1. Crypto.com – Overall Best Crypto Trading Platform For Beginners
Overview
Kris Marszalek, Rafael Melo, Gary Or, and Bobby Bao established Monaco Advances GmbH in June 2016. With its central station in Hong Kong, Crypto has risen as one of the foremost well-known cryptocurrency exchanging stages. It is a middle-person token that can be utilized to change over cryptocurrency into fiat cash at a decreased rate. It is currently positioned 22nd within the cryptocurrency showcase, with a showcase cap of $19 billion. This stage permits clients to purchase, offer, and exchange over 200 diverse cryptocurrencies.

This trade acknowledges progressed arrange sorts, prospects contracts, and other cryptocurrency items like NFTs. It too gives cryptocurrency rewards, credit cards, staking, and the crypto.org Chain, a blockchain ecosystem. By staking CRO, clients can gain token rewards for particular postings on the Crypto app. Users can win up to a 12% yearly rate of return on their crypto coins by staking them on either

Pros:
There are more than 200 cryptocurrencies to select from.
NFTs can be obtained with credit cards or a cryptocurrency wallet.
Digital materials are simple to use. Spot exchanging, prospects exchanging, and complex arrange sorts are all supported.
This may be a valuable versatile app that iOS clients proceed to enjoy.
Cons:
If you do not have and utilize CRO coins, your expenses will be greater.
It is more reasonable for experienced dealers than for modern investors. Customer benefit is atrocious.
It can be challenging to handle marked-down exchange fees.
Highlights: 
Clients can choose from over 200 cryptocurrencies and 20+ fiat monetary standards at Crypto, which is conceivably the most noteworthy area to purchase altcoins.
This location permits clients to exchange cryptocurrencies in minutes instead of days or weeks.
When compared to normal installment processors, shoppers can spare up to 80% on expenses by settling in crypto.
A secure and helpful one-stop shop for obtaining, offering, putting away, sending, and following cryptocurrencies.
Crypto offers client care through an offer assistance site, e-mail, and live chat.
To make your buying involvement more helpful, Crypto offers a versatile application.
It is exceptionally basic to download and is available for Android and iOS smartphones.
To secure your resource within the occasion of robbery, get security measures like two-factor authentication (2FA) and cash insurance.
To confirm your personalities, you will be asked to yield Know Your Customer (KYC) data such as your title, contact data, and social security number after you interface your US
#2. BlockFi – Leading Crypto Exchanges For Day Traders
Overview
One of the highest interest-yielding crypto trading platforms & best cryptocurrency exchanges on the market is BlockFi. It offers over 8% interest on your cryptocurrencies annually, which beats most of the best savings platforms. Besides that, BlockFi allows you to borrow against your coins if you need ready cash. So, instead of liquidating your assets or selling off your coins, you can simply take a loan from the platform. Cool, right?

Established by Zae Prime and Float Marque in 2017, the vision of this platform was to give credit and banking quality administrations to business sectors with zero admittance to an investment account.

BlockFi makes it possible to automate your exchanges, which makes their service easy to engage. The platform also gives you a 7.5% premium for simply keeping crypto in your record. You are qualified for a regularly scheduled installment accumulated when your crypto remains in your record. Over time, they gather a small exchange charge from your profits.

If you are in an emergency and need to auction your cryptocurrencies for cash, you can do so easily. But, BlockFi also allows you to get a loan in USD by using 50% of your coins as collateral. It means that if you can return the loan within the stipulated time frame, you will be given back your assets.

BlockFi trades with only a few popular cryptocurrencies, so be sure your exchange currency is available on their platform before making your decision. The coins include Ethereum, Gemini Dollar, U.S. Dollar (USDT), Stable Coin (USDC), The Gemini, Bitcoin pax gold, Dollar (GUDS), etc.

Lastly, using the BlockFi Visa Credit Card can earn you some fantastic rewards. It can give you up to 1.5% interest in Bitcoin on all purchases you make with the card. Plus, there are no annual charges.

Pros 
Readily available for users across the globe
No commission charges on transactions
Simple interface
High-interest rates
Bonus and perks for using their features
Unlimited account size
$5 worth of free Bitcoin
Cons
Limited coins available
Currently under some states’ security scrutiny
Limited free withdrawals
Highlights
Internationally Acknowledged: BlockFi is a globally recognized platform for crypto trading. It operates anywhere that has no embargo on crypto trading activities.

Offers Loans: You can take a loan against your holdings rather than sell off your digital assets. This feature is available to both individuals and business entities.

Available as an App: The BlockFi app is viable with Android and iOS gadgets. So, you can efficiently operate it with just one touch, rather than going to their website.

Offers Lots of Perks: It offers a lot of perks for using its trading platform. For instance, they are currently offering $250 for every $25 investment you deposit and maintain over a specified period.

No Commission: It charges no commission for trading. Generally, BlockFi does not charge on every transaction you make on their platform. However, they require a small spread fee.

#3. eToro – Best For Bitcoin Trading 
Overview
With over 20 million users across the globe, eToro made it to our top best cryptocurrency trading platforms because of several factors.

The eToro trading platform is easy to operate and well secured. You can get up to 16 crypto coins right on their platform, including Bitcoin. It also has a cryptocurrency wallet where you can save your coins. The eToro wallet is protected and can hold diverse cryptocurrencies without a moment’s delay.

Founded in 2007 by Yoni Asia, eToro has grown from a little private company located in Hoboken, NJ, to one with registered branches in Israel, Cyprus, and the U.K. For now, eToro is only used for cryptocurrency trading in the U.S. Still, E.U. investors or other non-U.S. traders can trade commodities, stocks, indices, CFDs, cryptocurrencies, etc.

eToro is currently known as one of the best social trading platforms because investors can copy the trades of top traders and get their kind of results. If you are a newbie on eToro, this is a great way to get your feet wet until you can successfully make winning trades on your own.

Once you open an account with them and start trading with at least $500 worth of cryptocurrency, you will get $50 free on the platform. You must have the necessary documents for verification, such as proof of identity (POI) and proof of address (POA), before getting started on eToro.

They support investors or traders from over 140 countries in the world. To begin trading, you would need to deposit at least $50 into your deposit funds, and you would also need at least $25 for trading.

As a U.S. investor, you have access to three offerings from eToro, and the company has a different exchange package for U.S. traders. As an individual, you can trade on your own, imitate the investment portfolio of successful traders by using eToro’s CopyTrader™, and invest in any copy portfolios overseen by eToro.

For copy trading, investors can select a specific trader and copy their trades, automatically making the same trades like the one they are imitating. You can allocate a certain amount for each copy trade you choose and set a stop loss to hedge your investments. You will also have access to any investment positions opened with CopyTrader.

On the other hand, Copy Portfolios allow you to imitate the entire portfolio of the selected trader, not just one trade at a time. You can do this in two ways — copy a top-performing trader’s portfolio or copy market portfolios investing in portfolios that clump different investments together.

The platform charges commissions of 0.75% to 2.90% based on bid-ask spreads.

The minimum amount to deposit or withdraw on this trading platform is $50. When depositing funds, eToro will place a seven-day hold on the funds, which means you will not be able to use the money until after a week. Withdrawals, on the other hand, may be on hold for 24 hours. However, it may take up to 3 days for the transfer to go through after the hold period.

Pros
Lots of educational resources and support
Simple interface
Beginner-friendly
Safe and secure service
Bitcoin wallet is available
You can copy other successful traders to get their kind of results
Cons
At least $50 must be available in your wallet before you can trade
It does not offer copy trading to traders outside the U.S.
Highlights
Lots of Educational Resources: eToro has many learning tools and platforms that help your trading go smoothly, from video guides and how-to manuals to their support communities that provide valuable resources.

Copy Trading: One distinct characteristic that sets eToro apart from other exchange platforms is its copy trading feature. Here you can mimic successful traders’ portfolios or invest in any of the portfolio templates created by eToro and let them handle the investments for you.

Mobile App: Available for iOS and Android users, eToro’s mobile app makes it easy to operate from a touch on your screen.

Wide Range of Currencies: It has more cryptocurrencies for exchanges. eToro has 17 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Zcash, Dogecoin, Neo, Eos, Chainlink, Tron, Ethereum Classic, Bitcoin Cash, Dash, Cardano, Tezos, Iota, and Uniswap.

Security for Your Investments: For security reasons, eToro keeps cash investments in a different bank. It utilizes a level 1 bank, which is the most secure. They are utilized for monetary guidelines, and it has a solid capital worth so it can withstand sudden misfortunes.

Nominal Service Charges: They collect 0.1% for every crypto exchange and 0.85%-5% for a spread.

#4. Coinmama – Decentralized Crypto Exchange To Earn Interest 
Overview
Coinmama is an exchange platform that intends to demystify the cryptographic money market. The cryptocurrencies on Coinmama include Bitcoin, Ethereum, Litecoin, Cardano, Bitcash, and Ripples.

For many investors, purchasing cryptocurrency can be difficult. Without adequate information, you might purchase some coins hoping they would ascend in value and end up getting disappointed.

With Coinmama, the conclusion that cryptocurrency is a risky and challenging venture is gradually decreasing. Coinmama provides adequate information about how various coins are faring in the market, so you can make an informed decision when trading.

It charges 2% for purchasing and selling exchanges, while it charges 3.9% for purchasing. For exchanges that happen quickly, it charges 5%.

Pros
Permits their clients to exchange cryptocurrency using fiat money
Has more than two million clients around the world
Provides the latest news on Bitcoin and other altcoins
Has a number of coins for exchange
Cons
Charges a bit on the high side
Serves top financial backers more than beginners
Highlights
What Is New in the Crypto World?: You can stay abreast with what is happening in the crypto world and make informed decisions about your trading strategies thanks to Coinmama’s up-to-date blog.

Devotion Plans: It has benefits for users under their devotion plans. Coinmama clients are consequently added to the reliability plan once they utilize the platform. It means traders have to engage the platform for about 90% continuously, or they may lose their buying ability to procure devotion. Thus, the more cryptocurrency you can purchase and sell, the higher your devotion. There are three bundles to procure devotion. Crypto devotees save 25%, and they get quick customer service. Crypto lovers save 12.5%, and they have quicker client care. The lowest bundle, crypto inquisitive, has no advantages, as it utilizes dependability and the technique for payment to decide expenses.

Instant Purchase: Unlike some other cryptocurrency exchanges, when you buy Bitcoin on Coinmama, you can get it within minutes. So, there is no need to wait for a certain number of days or several hours before you receive your coins.

Complete Control: Users do not have to worry about exposing their wallet information through the platform. Even Coinmama cannot access its customers’ funds, nor can it store their payment information. Users will have to personally control all of their information and assets through any third-party wallet of their choice.

#5. Binance – Best For Fast & Secure Crypto Transactions
Overview
Binance is one of the most popular decentralized exchanges platforms, and it offers over 150 cryptocurrencies for exchange purposes and is available to both individuals and institutions. It has a Bitcoin wallet that is also well known.

Additionally, it is made for people who like to invest in lesser coins, as it offers over 50 different cryptocurrencies to traders. Its Beginner and Advanced charting, user education, and myriad trade options make it valuable to traders worldwide.

Binance has several perks for trading with their platform, such as recurring buys — a feature that allows you to set your trading schedule automatically — staking rewards, OTC, etc.

Although Binance is recognized worldwide, it is restricted to many states in the U.S. U.S. traders have to access the platform through Binance.us instead of Binance.com.

Lastly, since its inception, it remains the largest if you judge by global trading. Amazingly, it attained this feat in just six months from its creation. Binance is also in the top league due to its user-friendly accommodation of different languages.

Pros
Provides 24/7 customer support
Offers mobile access for Android and iOS
Offers a lot of tools and resources for trading online
Gives bonuses and annual rewards
No trading or registration fees
User-friendly platform
Cons
Limited educational resources for beginners
Charges for exchanges are on the high side
Highlights 
Safety: Binance is safe, as it allows the protection of users’ accounts by using two-factor verification. In 2019, the company suffered a significant breach in their security. Since then, the platform has tightened up its security, and it boasts of the most secure trading platform globally.

Crypto Diversity: It is noteworthy that Binance remains one of the few platforms that accommodates numerous altcoins. It is not limited to trading with top cryptocurrencies like Bitcoin, Ethereum, Bitcash, Bit Gold, Lite coin, Ripple, etc.

P2P Feature: The P2P feature in Binance makes it even much more comfortable to trade on the platform. It has zero hidden fees and the best prices on exchanges.

Escrow Available for P2P Exchanges: You can conveniently run your crypto operation without worrying about being scammed since Binance has an escrow account where you and your peer can keep your exchanges until you are satisfied with what you got. Using both crypto and fiat currency is allowed.

Suitable for Beginners and Experts: Binance has trading interfaces that are accessible to both beginners and advanced users.

Trading Perks: Binance has a lot of perks or bonuses for using its exchange platform. They include recurring buys, OTC trading, staking rewards, crypto trading pairs, stablecoins, etc.