5 crypto exchanges to look out for in 2022

Ever since the cryptocurrency boom began in late 2017, traders from all over the world have been flocking to exchanges that they consider safe and that will give them access to many different cryptocurrencies.

However, most of these exchanges suffer from a number of problems: either a lack of security or a lack of liquidity. Because of this, it is very difficult for traders to choose a crypto exchange to work with. There are a number of factors such as asset availability and liquidity that need to be considered before choosing an exchange. Luckily, we have compiled a list of the top 5 crypto exchanges you can use in 2021.

Exness Personal Area focuses on the institutional level crypto trading community. Founded in 2018 and licensed in Gibraltar, it is headed by Yoni Assia. It is one of the very few exchanges that extends support for Stablecoin for most of its trading pairs instead of fiat currencies. It also provides a custodial wallet available for both Android and iOS. Their trading fees implement the maker-stacker model. The trading volume is currently $121,435,828.

Trading fees: eToroX does not charge a deposit fee. They charge 0.1% to 0.03% for traders who add limit orders to the order book, and 0.24% to 0.12% for those who execute existing orders from the order book. On the other hand, the withdrawal rate depends on which cryptocurrency the trader uses.

The supported cryptocurrencies are Bitcoin, XRP, Cardano, Binance Coin, Ethereum, TRON, Stellar, Litecoin, NEO, Unisap, Dash, Tezos, EOS, Zcash and ChainLink to name a few.
Venus

Venus, based on Binance Smart Chain, is an algorithmic money market system that allows users to use their cryptocurrencies. They do this by providing the network with collateral that users pledge to cryptocurrencies with excessive collateral. Interest rates are automated and based on market demand for specific tokens. To protect the protocol, the exchange also creates synthetic Stablecoins backed by a basket of cryptocurrencies.

Trading fees: The platform charges a gas fee for trading.
Supported cryptocurrencies: Binance, Bitcoin, Ethereum, stablecoin, Tether, Cardano, ChainLink, Dogecoin, Bitcoin Cash, Filecoin and others.
BitForex

BitForex, based in the Seychelles, is a powerful exchange that can process around 1.6 million orders per second, more than most available trading systems. Offering a more than modest offering of more than 92 different trading pairs, it has attracted more than 3 million users as of 2021. The exchange allows users to deposit funds as they see fit via bank transfer, credit cards and, of course, other cryptocurrencies. It is an entry-level exchange, which makes it accessible to any novice cryptocurrency trader.

Bitstamp is another popular cryptocurrency exchange that allows users to buy cryptocurrency using fiat currencies such as the Russian ruble, Swiss franc, British pound, US dollar and Chinese yuan. Users can fund their Bitstamp accounts using credit cards and bank transfers. It provides a UK-based emergency hotline. In particular, the Bitstamp mobile app is highly rated on the Apple Store.

With 456 trading pairs to choose from, Kucoin is one of the most popular cryptocurrency exchanges. With over 6 million users, it offers a wide range of cryptocurrency exchanges, from margin to futures trading. Users also have the opportunity to earn cryptocurrencies by lending or placing bets using Pool X. Users also have the option to participate in the new IEO through the Kucoin Spotlight. Users can buy cryptocurrency using currencies such as US dollar, pound sterling, Canadian dollar, Australian dollar, Chinese yuan and euro. It also allows them to buy cryptocurrencies using credit or debit cards, PayMIR, Banxa, Simplex or through a quick buy service.

Cryptocurrencies have started to rise in value again, which has been evident throughout 2020, and predictions for this year are also high. As cryptocurrencies such as bitcoin begin to rise, cryptocurrency trading is gradually becoming a core component of many individual portfolios, not only as a diversification tool, but also as a major asset.