Cryptocurrency exchange is a dime a dozen, but there are very few that we think are suitable for long -term crypto investors.
The complexity and intuitive nature of cryptocurrency investing presents challenges for investors no matter how and where you buy. We believe the security of your investment is important when choosing a cryptocurrency exchange, and each of our favorites will clearly describe the security features they have to protect customers. In general, we believe that cryptocurrency exchanges in the long run are safer than new ones.
“I’m going to go with some of the old guards,” said Theresa Morrison, a CFP with the Beckett Collective. “Those who have worked long hours, that’s where I’ll go first.”
No matter where you buy, you need to remember that cryptocurrency is a highly intellectual property with a short history (at least compared to the stock market). That’s why experts say you shouldn’t put more than 5% of your cryptocurrency in crypto, and why they say it’s smart for publishers to related to bitcoin and ethereum, which are available in every exchange we recommend.
So, for the long -term investor who is more concerned about saving for retirement than quick investment, here are our picks for the best crypto exchanges:
BEFORE YOU LUKE AND CRYPTO
Experts say it’s smart to keep your crypto account under 5% of your total portfolio. Crypto prices are very high on a daily basis, and experts also say that you should be wise not to invest more than you are willing to lose if the market crashes. Crypto investments should not be put in the way of other assets such as care for risk problems, payment of high debt, and care for retirement and use. in standard navigation systems.
The Best Cryptocurrency Exchanges of 2022
Coinbase
Look great
Coinbase will be the first cryptocurrency exchange to go public on the Nasdaq in 2021, but it has been around since 2012. The cryptocurrency exchange offers over 50 cryptos, as well as a free cryptocurrency service with a private key.
Why we want it
Coinbase’s intuitive interface is easy to use and understand for beginners, but there is an option to add a more advanced control, Coinbase Pro, if you want new features for trading cryptocurrencies.
Coinbase shares its security practices, and keeps most crypto users in a secure, secure system to prevent it from the threat of hacking and data theft. In addition, every dollar you deposit at Coinbase is FDIC-insured up to $ 250,000. We want Coinbase’s education program to help educate investors about cryptocurrency.
For these reasons, we think Coinbase is the best crypto exchange for most investors. And it’s perfect for beginners.
Uku
Coinbase’s payment strategy is based on a price -to -earnings ratio compared to other exchanges, but we want ease of use and security features up front, especially for beginners. When you make a trade, you will be paid a flat fee and a Coinbase fee.
The advertising fee is the difference between the crypto prices and what you pay to buy (or earn to sell). Advertising accounts for about 0.5% of your sales and purchases, but can be more depending on the cryptocurrencies you are trading.
The Coinbase fee depends on your advertising fee depending on your location, payment method, and more. However, crypto-to-crypto transactions (such as bitcoin trading for ethereum) are not related to Coinbase payments. You will also receive various fees for things like using certain methods to transfer your Coinbase wallet or for getting your money back.
Safe and sound
Cryptocurrency is not regulated under federal regulations, unlike FDIC-insured securities. But Coinbase is clear about its security practices and says it handles 98% of the cryptocurrency of foreign customers, a cold protection. The remaining 2% is used to refine the market.
Although your funds are not FDIC-insured, Coinbase itself has an insurance policy that protects cryptocurrencies. However, there is no guarantee that your money or money will be fully refunded if a hack is found. Even though your money is not protected by the government, every penny you keep in your wallet is FDIC-insured up to $ 250,000.
Read our full review: Coinbase Review 2022: Great for Crypto Beginners and Long -Term Investors.
Gemini
Look great
Gemini was released in 2015, and is good for beginner investors and hard -working investors. Gemini offers over 40 cryptocurrencies, as well as a range of products that can add value for even more investors.
Why we want it
Gemini is very open about its security practices and stores most of your cryptocurrency in an external cold storage system. Gemini offers tools and enhancements that can help marketers be more successful, but also has a simple interface to help beginners find their site.
In addition, people with more crypto knowledge can benefit from Gemini’s collection of additional products: Gemini Earn, Cryptopedia (tutorial), Gemini Wallet and Gemini Custody, ActiveTrader, and Gemini Pay.
Uku
You will be paid a fee and a fee when you buy and sell crypto currency in Gemini. The amount will be reported as your “purchase price” before the end of the transaction.
The simple fee is about 0.5% of the Gemini market price for a given trade, although it is convertible, and is paid in the crypto you buy. The trading price is based on the amount you are trading. Crypto -to -crypto transactions – like bitcoin to ethereum – are charged a 1.49% interest rate. For buying and selling, the exchange rate is different in terms of cryptocurrency.
Safe and sound
Gemini claims to keep most of your cryptocurrency in a cold storage system, but a small portion is stored online in a hot bag that is sealed to prevent theft from a safe, hack , fraudulent change, and employee theft.
Read our full review: Gemini Review 2022: Easy for beginners, with more options for experienced publishers.
eToro
Look great
eToro is open to investors in the US as a marketable cryptocurrency in 2018. Crypto trading on the platform is limited to 43 states, including Delaware, Hawaii, Minnesota, Nevada, New Hampshire, New York , and Tennessee excluded from entry. This is the only threshold we recommend that is not available in all 50 states, but we think it is examples that will interest people in the states where it is available. EToro offers a simple interface and more than 20 cryptocurrencies to choose from.
Why we want it
EToro offers less money than other exchanges – just over 20 – but experts say it is compatible with two popular currency pairs, bitcoin and ethereum, which are available on the platform.
EToro offers a unique feature: eToro Virtual Portfolio, which allows you to invest in up to $ 100,000 worth of crypto and monitor its progress. This tool can help users understand the nature of volatile cryptocurrency.
Uku
The fees you pay on eToro are just set on the flat (the difference between who buys the crypto and what you pay). The spread can vary depending on the cryptocurrency you choose and the current market prices.
Safe and sound
EToro has a combination of hot and cold storage to protect your assets, and the U.S. dollars in your account are held in FDIC safe deposit boxes.
Read our full review: eToro Review 2022: Mastering Crypto Trading, Plus Novel Social Features
The Best Crypto Changes of 2022
| Coinbase | Gemini | eToro | |
|---|---|---|---|
| Money | 50+ crypto currencies | 40+ crypto currencies | 20+ crypto currencies |
| Uku | • 0.50% flatness • Prices between 1.49% and 3.99% (or $ 0.99 or $ 2.99 flat fee) |
• 0.50% less interest • $ 0.99 to $ 2.99 labor costs • 1.49% discount for trades over $ 200 |
• 0.75% -4.9% spread (e.g. crypto) |
| Money bag | Save money in a Coinbase account, choose Coinbase Wallet, or change your wallet | Store coins in Gemini account, Gemini Wallet option, or change your wallet | Keep coins in an eToro wallet, transfer them to an eToro wallet, or change your own wallet. |
| small business | $ 2 | As the minimum amount of each currency that can be traded (0.00001 BTC) | $ 25 ($ 50 minimum deposit) |
What is Cryptocurrency Exchange?
A cryptocurrency exchange is a site where you can buy and sell cryptocurrency. You can buy one currency for another, such as bitcoin for ethereum, or you can buy crypto using a standard currency such as US dollars.
These platforms handle crypto transactions, allow you to convert cryptocurrencies into currencies, and convert them from commercial. Changes come with different features, which can lead you to choose one change over another.
How to choose a Cryptocurrency converter
There are a number of different things to consider when looking for a cryptocurrency exchange. Here are some things to consider before choosing one:
- Can include: No state or country allows access to every crypto exchange, so make sure the exchange of your choice is available where you live.
- Safe and sound: Various changes apply to safety measures and insurance policies
- Uku: Determine the price at which you will buy and sell the crypto at the market of your choice
- Fees awarded: Some changes offer a lot of money
- Archive: There are many changes that come with an affiliate crypto currency to help you protect your investment
[READ MORE:] Want to buy Crypto? Here’s what to look for on a Crypto Exchange
Other Places to Buy Cryptocurrency
While you can’t buy cryptocurrency from an online cryptocurrency exchange like Fidelity or Charles Schwab, there are other options available to investors besides traditional cryptocurrency exchanges.
Popular online payment systems such as Venmo, Paypal, Cash App – and mobile banking platform Robinhood – have further expanded their services to allow customers to buy cryptocurrency on their devices. threshold. According to experts, these apps can be easy for beginners who don’t want to bother seeing a cryptocurrency exchange, which can be difficult for new users.
But if you buy crypto on these sites, it’s even harder after converting your off-platform cryptocurrency to a crypto wallet, which can provide security for your investment. Of course, you can’t move your cryptocurrency to platforms like Venmo or PayPal, although traditional exchanges allow you to move your cryptocurrency off the platform if you wish.
[READ MORE]: You can buy Crypto at Venmo and Robinhood. Read this before you act