Best Crypto Exchanges You should be using in 2022

Best Crypto Exchanges you should be using in 2022

July 4, 2022

Reading Time: 9 minutes

It is no secret that cryptocurrency has taken the world by storm, and it is just growing. The market will only grow in the future as the number of individuals investing and trading in cryptocurrencies increases.

Keeping this in mind, it is vital that you take advantage of the cryptocurrency market as soon as possible and begin trading and investing with cryptocurrency exchanges. There are more crypto exchanges to pick from every day. However, not all of them will be successful, and it is uncommon for these exchanges to fail.

Several factors determine whether an exchange will be effective. Trading volume, on the other hand, is a critical aspect of obtaining success.

In general, the fewer the potential for price swings and market manipulation on a particular exchange is, the higher the volume of trades that take place on that exchange. Consideration must also be given to the market’s volatility. 

It is possible for the price of a single token or coin to shift between the time a transaction begins and the time it is completed in order to consider the amount of time it takes for the transaction to be finalized.

The bigger the number of trades and the faster transactions can be processed, the less likely it is that volatility will present a problem.

The most common way for investors to get their feet wet in the cryptocurrency area is through a regulated exchange. When selecting a cryptocurrency exchange, it’s critical to evaluate several factors that may impact the user experience, such as the currency pairs that are traded, the amount of trading volume, and the security measures that exchanges have put in place to protect their customers.

We took these elements into account while developing this list of the best Crypto Exchanges you should be using in 2022 to aid you in identifying the most suited exchange.

Which exchange should you use?

Choosing a crypto exchange depends on which trading pairs you want access to, the platform fees and your desi location preferences. 

The good news is that we at MyCryptoParadise offer a separate ParadiseFamilyVIP channel for all popular exchanges.

For each ParadiseFamilyVIP channel, we have a sizable portfolio of investments. We offer the best trading strategy, risk and money management, portfolio management, fund diversification with the best Risk/Reward strategy . Don’t believe us? check what our happy customers have to say.

We provide trading signals for cryptocurrency pairs traded on exchanges such as KuCoin, Binance, OKex and others. Not only that, but MyCryptoParadise also provides insights via educational trading analysis on platforms such as TradingView, Youtube, Telegram and Facebook and Instagram.

We also have Free telegram channels where we provide our FREE updates and analysis on cryptocurrencies such as BTC, ETH and other popular altcoins are also available to the general public.

We also provide you free access to other information. There are also free market updates.

So, what are you waiting for join our group right now!

1.   My Binance Paradise – https://t.me/MCP_binance

2.   My KuCoin Paradise – https://t.me/MCP_KuCoin

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Best Crypto Exchanges you should be using in 2022

KuCoin

Why should you use it?

There are a variety of reasons why you should use this exchange, the most important of which is its potential to stimulate interest in cryptocurrencies. Furthermore, it enables you to choose from a wide range of assets and charges reasonable costs for doing so.

Overview

Fast expansion since August 2017 has made this one of the most popular cryptocurrency marketplaces on the internet, offering 200+ coins and over 400 markets.

On the platform, users have access to a wide range of cryptocurrency-related services, including margin and futures trading, an integrated P2P exchange, the ability to buy cryptocurrency with a credit or debit card, immediate exchange services, the opportunity to earn cryptocurrency by lending or staking through Pool-X, and the chance to take part in new initial exchange offerings (IEOs) via KuCoin Spotlight. The platform also provides bank-level security, a clean interface, and a welcoming user experience (UX).

Investors prefer KuCoin as a trading platform because it offers a wide selection of coins, including some that are not as well-known as others, and strong profit-sharing incentives. Up to 90 percent of trading fees are returned to the KuCoin community through the utilization of KuCoin Shares (KCS) tokens, which are a form of cryptocurrency. Trading may be challenging for both inexperienced traders and seasoned pros. To make this operation substantially easier, we recommend that you subscribe to our MyCryptoParadise package. To further assist our users, we are providing them with free telegram groups. Consequently, customers may test out our service for free before subscribing to our VIP package.

You’ll find a unique ParadiseFamilyVIP channel for KuCoin exchange at MyCryptoParadise, which is exclusive to the ParadiseFamilyVIP members. Because we are focussing our efforts on giving the most personalized trading suggestions possible for the currencies available on KuCoin, we appreciate your support. Our trading method is unique, and it has been rigorously developed for this exchange to maximize your returns while reducing your risk.

Pros

Cons

  • Users living in the United States have limited functionality since they are unable to get verified.
  • Withdrawals are restricted to one Bitcoin and $400 worth of peer-to-peer transactions every day, with no exceptions.
  • There was a security breach in 2020.

OKEx

Why should you use it?

OKEx greets its consumers with some of the most noticeable distinguishing characteristics, such as cheap trading charges of 0.10 percent or less for the great majority of deals. Possibility of staking options with large yearly interest rates. Furthermore, it enables you to conveniently purchase cryptocurrencies using a credit card, bank account, or digital wallet.

Overview

Founded in Malta in 2014, OKEx is a cryptocurrency exchange that serves millions of consumers in more than 100 countries and ranks fourth in terms of the trading volume. As a consequence, the OKEx exchange is acknowledged as the world’s biggest spot and derivatives exchange

.

OKEx’s CEO JayHao has a long-standing interest in and expertise in game production before entering the cryptocurrency exchange system in 2014. Trading in cryptocurrencies started in Hong Kong, but the exchange subsequently transferred operations to Malta, where the Maltese government is more welcoming of these activities than governments elsewhere.

The success of the OKEx digital assets exchange is largely due to the backing and investment advice offered by top venture capitalists and investment organizations including Ceyuan Ventures and VenturesLab, Longling Capital, eLong Inc., and Qianhe Capital Management. This venture capital company is the biggest in China.

Trading is a time-consuming and tedious process for both rookie and seasoned traders. It will be a lot simpler if you join MyCryptoParadise.

Specifically for the OKEx cryptocurrency exchange, MyCryptoParise has set up a special ParadiseFamilyVIP channel geared toward offering services designed for the OKEx exchange. In order to get the most out of this exchange and the tokens it carries, these strategies were developed specifically for it and its tokens.

Pros

  • Allows customers to establish an account in a broad variety of fiat currencies.
  • Resources for educational purposes
  • A diverse range of products and services
  • High Annual Percentage Yields on Staking Hundreds of trading pairings
  • Easy-to-use dashboard for buying and selling
  • Support that answers fast through online chat is available.

Cons

  • Residents of various countries, including the United States, are unable to use the service.
  • A fee structure that is very complicated and multi-tiered

Binance

Why should you use it?

Binance has a large variety of functions, and the reason you should use it is that it allows you to trade with a wide range of cryptos while charging cheap trading costs. Furthermore, the trading platform is appropriate for both novice and experienced investors. Furthermore, it provides a specialized staking service.

Overview

Binance, a cryptocurrency exchange run by Chinese-Canadian developer Changpeng Zhao, was created in 2017 and enables users to trade digital assets (aka CZ). A successful initial coin offering (ICO) earned $15 million for Zhao’s company, Beijie Technology, which founded the exchange.

China’s increasing dominance over the cryptocurrency industry prompted Binance, a Chinese company, to transfer its base to the Cayman Islands.

Binance is the world’s most popular cryptocurrency trading platform, with more than a million registered users. User-friendliness is lacking, despite the wide range of options and services it offers. Investors may face a high learning curve when dealing with Binance, depending on their past knowledge and background.

Hundreds of various cryptocurrencies may be traded using the desktop and mobile trading platforms provided by Binance, including a wide selection of market charts.

Futures and options, as well as a variety of other order types, are all available to traders. In contrast, many services and functions are unavailable in the United States, and just 65 or so cryptocurrencies are available to consumers in the United States.

The Binance exchange also includes a comprehensive training program, an NFT technology platform, and more, in addition to its features and functionality But there seems to be no way for customers in the United States to access the NFT marketplace.

MyCryptoParadise can make cryptocurrency trading less frightening and time-consuming by offering you a cryptocurrency trading signal group. You can employ the free telegram signal group in the start to get used to our services and make profits.

There is also a VIP channel for the Binance exchange at MyCryptoParadise. Personalized trading advice for Binance currencies is what we are concentrating on. We have developed a unique trading strategy for this exchange that maximizes profit while minimizing risk.

Pros

  • Fees that are reasonable
  • There are several methods to generate passive income, and a wide variety of cryptocurrencies are available.
  • Trading tools that are cutting-edge
  • There are many options for making a deposit.
  • Trading from one cryptocurrency to another, or from one fiat currency to another, is possible.

Cons

  • This is not a beginner-friendly platform.
  • Issues pertaining to regulations
  • The product is not available in the United States.

ByBit

Why should you use it?

When it comes to trading cryptocurrencies, Bybit is the place to go since it provides a wide range of advanced trading tools. It has a zero-downtime guarantee and solid security measures in place to protect your data.

Leverage of up to 100x is available on the Bitcoin perpetual swap future contract. Deposits may be made in any of the trading currencies, such as Bitcoin, Ethereum, EOS, and XRP, as well as several lesser-known altcoins. Non-US cryptocurrency traders looking to use margin and other derivatives will find this crypto derivatives exchange to be suitable.

Overview

Bybit is a Singapore-based bitcoin derivatives trading platform. Future contracts to buy or sell cryptocurrencies at predetermined prices are known as cryptocurrency derivatives.

You may take advantage of the volatile nature of cryptocurrency prices while limiting risk and enhancing convenience by trading derivatives.

When Ben Zhou noticed the immense potential of cryptocurrency trading two years ago, he decided to develop the Bybit cryptocurrency trading platform. Zhou worked as the general manager of XM’s operations in China before joining the exchange as CEO in 2013.

An A-team of investment banking and fintech professionals was formed by him to construct the platform, including people who had previously worked for well-known firms such as Alibaba, Tencent, Morgan Stanley, and others In addition to FX and blockchain experts, the Bybit exchange is now home to a diverse group of people.

As an alternative, Bybit is a poor choice for people who are just getting started in the cryptocurrency market and are wanting to buy their first coin. Your best bet is to use Coinbase or another central exchange to buy and sell your cryptocurrencies.

There is no doubt that investing in Bitcoin or other cryptocurrencies over time has the potential to grow your wealth. When it comes to trading, on the other hand, the sky is the limit. 

The Bybit trading platform is used by more than 1.2 million traders worldwide. Because it’s so easy to understand, so many people are interested in it. Once you get the hang of it, you’ll be able to start making money right away.

Despite this, trade is tough for a vast number of people. So, at MyCryptoParadise, a ParadiseFamilyVIP channel only for ByBit has been launched! Our techniques and ideas are tailored specifically for this exchange and the coins it offers. Consequently, you will be able to reap the benefits of subscribing to our crypto signals service.

Pros

  • Leverage on cryptocurrencies may go up to 100x.
  • Advanced tools that are accompanied by cutting-edge tech
  • Providing a risk-free learning and experimentation environment
  • Materials for educational purposes

Cons

  • The service is not available in the United States.
  • Cryptocurrency derivatives are exceedingly hazardous investments.
  • Spot trading is not recommended.
  • They may share your information with other parties for marketing purposes.

BitMEX

Why should you use it?

Is the apparent choice for professional ones looking for a professional-level futures and derivatives exchange-type platform for the crypto markets. For the time being, cryptocurrency markets offer the closest thing to a pro-trading climate, and the absence of bureaucracy is sure to appeal to many. Users on this exchange benefit from low costs, a large variety of products and trading formats, and anonymity since the whole exchange is based on Bitcoin.

Overview

Arthur Hayes, Ben Delo, and Samuel Reed launched BitMEX, a peer-to-peer crypto exchange platform, in 2014. Seychelles-based HDR (Hayes, Delo, Reed) Global Trading has operations in Hong Kong and the United States.

While most cryptocurrency exchanges concentrate on Bitcoin futures and margin trading, Bitmex has daily estimated transaction volumes of $1 to $2 billion.

Because of its concentration on leveraged trading and derivatives, it is not suited for beginners looking to buy or sell small quantities of bitcoin.

18 digital currencies and tokens are supported by the crypto derivatives exchange, including but not limited to:

  • Bitcoin (XBT)
  • Ethereum (ETH)
  • Dogecoin (DOGE)
  • Litecoin (LTC)
  • Bitcoin Cash (BCH)
  • Binance Coin (BNB)
  • Cardano (ADA)
  • Polkadot (DOT)
  • Solana (SOL)
  • Shiba Inu (SHIB)
  • Avalanche (AVAX)

Always examine the Bitmex contract offerings if you’re looking to trade a certain coin.

It is possible to trade cryptocurrencies and fiat currencies on Bitmex but not to deposit or withdraw funds in fiat currency. All trade earnings and losses are in Bitcoin, irrespective of actual currency.

Leverage on Bitcoin contracts may be as high as x100 at Bitmex. Monero and Ethereum contracts both feature x25 leverage. A perpetual contract is a kind of future contract. 

Due to the nature of Bitmex as a peer-to-peer exchange, the participants are always other dealers or market makers. Hedge funds and other types of institutional investors are reflected in the platform’s design.

When trading anonymously on Bitmex, account holders need to ensure that they always have adequate currency in their accounts. The liquidation takes place when a user’s account level drops below a trade’s maintenance margin requirement.

In addition, a ParadiseFamilyVIP channel dedicated only to BitMEX has been established at MyCryptoParadise! Our strategies and concepts have been adapted particularly for this exchange and the currencies that it provides to ensure that they work well. So you will be able to profit from joining our telegram crypto signals service as a result of doing so.

Pros

  • Service for trading in derivatives on a professional level
  • Bitcoin and Ethereum may be leveraged up to 100 times.
  • Bitcoin perpetual has a high level of liquidity.
  • Trading fees are kept to a minimum.

Cons

  • Strictly crypto-to-crypto trade is permitted.
  • Non-compliance with regulatory requirements.
  • Customers in the United States are not eligible for this offer.
  • No mobile app
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