Cryptocurrency has transformed the lifestyle of numerous investors and future businesses. It has become one platform through which users have earned plentiful money in a very short time span.
The three crucial aspects of making money in crypto include knowledge/skills, luck, and patience. At the same time, the source of purchasing crypto must be reliable and authentic. Otherwise, you will lose all your money. It is imperative to ensure that the platform you are about to buy crypto from is not spam and won’t deceive you.
While there have been many scams going around from the past few years, and it continues, it is never easy to trust a platform that you do not know much about. If you are about to hold crypto after buying and investing your money, the foremost thing you will be interested in is the anonymity and security of the platform. Isn’t it?
We understand it is not an easy thing to do. Therefore, we have emerged with this guide and extensively researched all the best cryptocurrency exchanges with their popular features. All the platforms that we have mentioned can be fully trusted and comprise both open source (free) & commercial (paid) software.
30+ Best Cryptocurrency Exchanges (2022)
What exactly is Cryptocurrency?
Cryptocurrency is the digital currency that is virtual money based on software. It does not include any physical coin or bill, or token. You can use this currency in the form of payment that can be exchanged online for specific goods or services (only for the companies that accept cryptocurrency as payment). Crypto is based on a decentralized technology spread across several computers that records and manages the transactions. This technology is known as the blockchain.
The primary purpose of establishing cryptocurrency is to fix the problems of conventional fiat money by putting the power and responsibility in the currency holders’ hands. Crypto markets are highly volatile as prices fluctuate immensely, and their value is controlled by the demand and supply factors.
What is a Cryptocurrency Exchange, and How Does it Work?
Crypto exchange, also known as the Digital Currency Exchange (DCU), allows traders/investors to trade digital currencies or cryptocurrencies. These digital assets can be purchased from fiat money or other cryptocurrencies.
Primarily, the Crypto exchanges act as the intermediary between the buyer and the seller, where the buyer is allowed to buy the crypto and sell them whenever they want. The first thing to do is sign up and register your account on the exchange by verifying your identity, filling your name, mailing address, date of birth, unique identification code, and completing all the KYC regulations to prevent money laundering and fraudulent activities.
Once the account is opened, the buyers can buy the crypto, which they can sell even the same day, the following day, or anytime in the future. To buy the crypto, the buyer must deposit the money via bank transfer, UPI, or any other means depending on the crypto exchange you have chosen.
Tips for Choosing the Best Cryptocurrency Exchanges?
There are many factors to consider before investing your hard-earned money in crypto through top crypto exchanges:
- Do comprehensive research on different exchanges available in the market to ensure their security, authenticity, and reputation.
- Compare the fee structures of different platforms, including the transaction fees.
- Geographical locations and restrictions.
- Straightforward trading without any complexities involved.
- Purchase methods.
- Trade volume and liquidity
Note: If you are doing intraday or short-term trading, always prefer opting for the platforms with the lowest transaction fees; however, for long-term investment, checking the legitimacy of the platform should be the foremost priority.
Also Read: How to Mine Cryptocurrency?
Types of Cryptocurrency Exchanges
Cryptocurrency exchanges are of 4 types suitable for the investors depending upon the level of experience and trading financial markets. We have outlined the crypto exchanges categories below:
1. Centralized Cryptocurrency Exchange (CEX)
It is a crypto platform governed by a central organization offering crypto trades from crypto-to-crypto tender or fiat-to-crypto currency exchanges.
Centralized Crypto exchanges accept fiat currencies such as USD, EUR, AUD, GBP, NZD, INR, and many others in exchange for digital assets.
2. Decentralized Cryptocurrency Exchange (DEX)
As the name suggests, decentralized crypto is an alternative to a traditional centralized exchange. These platforms do not rely on any service or company that controls the customer’s digital assets’ price. Instead, the transactions are controlled by an automated process without any government intervention. These types of trades are also known as customer-to-customer or peer-to-peer. DEX operates using blockchain technology, connecting trade orders with customers looking to exchange digital assets. Most of the DEX operates using the Etherium blockchain.
3. Futures and Derivatives Cryptocurrency Exchanges
These platforms offer derivatives and futures trading such as FTX, By bit, and many others. However, future trading is only recommended for experienced traders as it involves higher risk and higher profit.
Whereas derivative trading requires a profound understanding of sound risk management principles and leverage trading as you may end up losing more than the initial capital deposited to the platform using leverage.
Advanced traders can leverage up to 100:1 on positions to reap benefits from small price movements. Many people have increased their net worth with this type of trading account. However, it involves very high risk.
4. Crypto CFD ProvidersCryptocurrencies and index funds can be purchased in an alternative way, provided by online brokers.
Investors are not allowed to purchase crypto through CFD (Contract for Difference) platforms, as these platforms do not offer crypto assets. Instead, CFD platforms allow you to speculate on the upward or downward movement of global financial markets.
List of Top Cryptocurrency Exchanges (2022)
As these exchanges act as an intermediary between the buyer and seller, crypto exchanges help investors earn handsome money by allowing virtual currencies trading and applying a nominal commission and transaction fees. However, the important thing here is that the exchange you are selecting should be authentic and reliable.
Therefore, we have come up with the list of best Cryptocurrency trading platforms facilitating the trading for assets, including crypto and fiat currencies.
Binance is the world’s most popular and secure crypto exchange trusted by millions of investors worldwide. The platform was founded in 2017 with a keen focus on altcoin trading.
There are many reasons why Binance is considered the best cryptocurrency exchange and experienced a meteoric rise along with having the highest trading volume.
It is a platform incurring a cost for spot and general trading. In addition, it provides a wide range of cryptocurrencies, up to 200, to all investors. At the same time, Binance is featured with a high cybersecurity ranking and user reviews.
The platform imposes 0 to 0.1% trading fees for buying or selling any crypto, which is the lowest compared to other exchanges.
Toro is one of the top cryptocurrency exchanges allowing traders all over the world to trade in a comprehensive range of cryptocurrencies.
eToro is a robust and user-friendly trading exchange charging a fee to buy and sell crypto at 0.75% per trade.
The trading interface of eToro includes real-time crypto market research & news, risk management tools, social network, and advanced trading features. The best part about eToro is that it offers the user copy-trade facility helping them to learn from crypto traders who are already making immense profits. Moreover, it enables users to connect with proficient crypto traders to share ideas, strategies and mirror the trading performance.
Also Read: 17 Best Cryptocurrency to Mine
The copy-trade feature is very beneficial, especially for beginners, and helps them to maximize their return on investment, avoid risk, and limit potential losses.
Kraken was founded in 2011 which is based in San-Francisco, United States. It is a cryptocurrency exchange that is well-known for its high trading volume of spot markets and liquidity.
Kraken is a genuine platform providing a lucrative opportunity to various users to earn a handsome amount of money by trading digital assets such as Litecoin, Binance Coin, Cardano, Ripple, Bitcoin, Etherium, Tether, and many others. It is also featured with the FeFi tokens like Compound (COMP), Kyber Network (KNC), and Kava (KAVA).
This exchange also provides the user with automated portfolio monitoring and advanced trading options helping users to manage their portfolio and monitor the market using a single interface.
It is currently the largest trading platform in the US by having a trading volume of more than 20 Billion.
Coinbase is a one-stop solution for the users looking to buy & sell, transfer, or even storing their digital assets. It is a secure online platform with an enormously high user-base dealing in a wide array of digital assets.
Numerous people use this platform; in more than 100 countries. Coinbase also offers insured custodial wallets for traders to keep their investments safe and secure. Moreover, it carries insurance against data breaches that do not allow hacking to occur and never compromise the security system, ensuring your digital assets are stored in FDIC bank accounts.
The app is available on iOS and Android devices, which also offers a $5 sign-up bonus for signing up.
One of the best crypto exchanges, Gemini, is an advanced trading platform allowing investors to enjoy its custody service, secure wallet to store digital currencies, and earn considerable interest.
Gemini has revolutionized the stream of cryptocurrency exchanges by providing a simple, reliable, and user-friendly to the users. The platform charges a nominal commission on the trade of all the cryptocurrencies it deals in between 0.50% (below $200) to 1.49% (above $200).
Also Read: How to Make Money with Bitcoin
It is one platform that has encouraged transparency and security by offering investors with FDIC-protection on USD deposits. Furthermore, opening a Gemini account will help you get a $10 sign-up bonus immediately.
KuCoin is a leading platform allowing multiple investors to trade between cryptocurrencies. This crypto exchange provides impeccable customer service that is 24×7.
In addition, it offers a wide variety of cryptocurrencies to investors, including Bitcoin, Etherium, Litecoin, Ripple, NEO, Tron, Tether, and many more. It is one of the top crypto exchanges offering you a quick and easy way of trading and helps you purchase all types of crypto seamlessly.
Crypto.com is the fastest-growing cryptocurrency exchange nowadays. This platform provides you with an opportunity to earn ample money by allowing you access to over 90 digital currencies. However, if you reside in the United States, you will have access to 50 coins.
The magnificent crypto exchange launched its own digital currency (CRO), providing extensive liquidity, due to which it charges a nominal trading fee against fiat and stable coins. The major attractions of this platform include; does not charge any credit card fee while buying Bitcoin, sending crypto to another crypto.com user is free, a 2% interest rate on deposits made in the first 30 days, and the first 90-days of crypto trading is free for all users.
The only drawback of this platform is that it is an app-based platform. However, the app has an intuitive user face providing the traders with a seamless experience.
BlockFi is a spectacular platform that can make you earn ample and quick money. Do not believe us! What if we let you know this platform can offering you an opportunity to earn $250 Bitcoin if you open its account for $25 while meeting its eligibility criteria.
However, opening this account will not assuredly make you earn $250 Bitcoins; still, you might enter the long queue of investors waiting for this remunerative situation in pursuit of earning quick money.
Also Read: BlockFi Review: Is it legit or too risky?
One of its best aspects is that this platform allows you to earn decent interest in your holdings. Simultaneously, if you need to add funds without touching your bank account further, you can also borrow against your holdings.
FTX has gained recognition as one of the best crypto trading platforms in a short time span. The digital exchange has proven to be a lucrative destination to engage multiple derivative or leveraged trading users.
If you are a beginner, choosing this platform is the right choice as it is a user-friendly trading exchange offering an extensive range of digital coins to users.
FTX also offers cryptocurrency futures options to investors linked to overlooked and popular digital assets.
Note: Opting to trade on the futures or options market involves very high risk. Hence, this type of trading is only recommended for experienced professionals trading in crypto for quite a while.
Ranked among the world’s best cryptocurrency exchanges, Changelly is consistently improving by bringing new altcoins to the market and enhancing the customer experience simultaneously.
The platform allows investors to trade in more than 100 cryptocurrencies. In addition, this trading exchange allows users to buy crypto with multiple payment options, including net banking, debit/credit cards, UPI.
Moreover, it provides an option that enables users to send their purchased crypto to another person’s hardware wallet.
Changelly uses a trading algorithm that integrates into the renowned crypto exchange to provide investors with the most effective crypto price. At the same time, users can swap crypto at the best prices.
11. Swan Bitcoin
Swan Bitcoin is an ideal platform, especially for those who want to buy DCA (Dollar-Cost Average) into Bitcoin.
The interface of Swan Bitcoin is simple and easy to use. Plus, it offers a comprehensive range of crypto to investors. The investors can buy any one of them after paying a nominal trading fee that up to 1.49%, depending on the amount you trade in a month.
One of the exclusive features offered by Swan Bitcoin is you can choose an automated process to deposit your funds on a daily, weekly, or monthly basis. However, the minimum amount should be at least $10.
Also Read: How to Cash Out Bitcoin Easily
The digital exchange trading platform ensures the funds exchanged are stored with a licensed custodian. It also allows users to withdraw crypto to a hardware wallet.
The crypto exchange is registered in Seychelles, known for its customizable, user-friendly, and inbuilt tools for technical analysis.
The platform is featured with advanced and innovative trading tools that top crypto exchanges offer. For instance, a web-based platform that needs not be downloaded or installed. Apart from crypto, the trading exchange provides users with access to different markets, including Forex, commodities, and stock indices.
The platform consistently improves by leveraging trading results and responding briskly to oscillating market trends and profits/losses from rising/falling prices.
Coinsmart is another best platform offering fast verification, bank-grade security, a user-friendly interface, and innumerable options to boost your wealth by buying a wide variety of cryptocurrencies.
It is a Canada-based company that entered the crypto scene in 2018. It rose to prominence by offering simple and accessible trading practices, an extensive range of custom tools, building its reputation on strong customer support, and interfaces supporting crypto trading.
Coinall is a leading cryptocurrency exchange platform established in 2019. It is considered a secure trading platform allowing users to invest in different types of crypto, including Bitcoin, Tether, Etherium, Litecoin, and many others.
The digital exchange launched under the OKEx open partnership program offering impeccable global customer support and an advanced matching system.
The platform also offers a banking-grade wallet to ensure your purchased crypto is stored safely. At the same time, Coinall has a reliable settlement system and shared liquidity. Coinall is available in different languages, including English, Spanish, Thai, Russian, South Korean, Vietnamese, Chinese, etc.
Cointree is an authentic digital exchange that deals in an extensive range of crypto. The platform is AUSTRAC regulated, providing a lucrative opportunity to millions of investors in the world.
The exchange is bound to strict compliance with Australian rules and regulations, which helps in minimizing the risk of nuisance and hoax.
The reason why Cointree is listed among the best cryptocurrency exchanges is evident; it enables you to trade in more than 130 cryptocurrencies seamlessly, without any hassle. Cointree is best-known for providing live customer support, tracking your portfolio performance, storing and keeping your crypto safe in the Cointree account for free, and earning interest on your holdings.
Coinut is a cost-effective digital exchange allowing investors to earn a large portion of money by minimizing their commissions and trading fees. The platform charges a fee of less than 0.10%, which is lower than the industry average. However, no commission or fee is levied on the trading amount for makers.
The crypto exchange provides better than the average offering in the industry by allowing users to invest in the most profitable coins such as Litecoin, Bitcoin, Etherium, Zcash, etc. At the same time, it offers you to see the price of your own derivative.
The website is available in English and Chinese and can be accessed on iOS and Android operating systems. The best part is it does not impose any restrictions on the withdrawal procedure, and you are free to withdraw your earnings with ease.
Aggregating the commission or trading fee for the top cryptocurrency exchanges is calculated to be around 0.25%. However, BitHash charges lower than the average trading fee, which is just 0.1%.
This trading exchange enables you to trade in various cryptocurrencies, including Dash, EOS, Ripple, Etherium, Bitcoin, Zcash, and many others.
Besides supporting the fiat currencies, you can also use Bitcoin to purchase any other cryptocurrency on this platform. BitHash compresses each data sample into a compact binary hash code and provides an accurate estimation of your portfolio earnings.
Switchere is a perfect digital asset exchange trusted by millions of users in the world. The platform supports different payment methods to add funds and purchase crypto, such as debit/credit cards, net banking, UPI, BTC transfer, etc.
It provides one of the quickest ways of buying and investing in cryptocurrencies. Moreover, it offers you 24×7 customer support to solve all your queries related to the transfer of funds, your current holdings/portfolio, account statement, etc.
Switchere makes it straightforward by providing you with a calculator to convert your currencies into your native ones.
CEX.IO is one of the oldest crypto exchanges in the world. More than 3 million investors trust the platform.
It is an impeccable digital exchange that caters to the troubleshooting needs of all users with its user-friendly interface.
CEX.IO is well-known for providing a seamless customer experience by allowing customers to add funds instantly using their debit or credit cards, supporting iOS and Android devices, and withdrawing fiat profits to your bank account.
The platform is equipped with a high liquidity order book with low spreads, offers a margin platform for CFD traders, and staking to increase holdings by allowing investors to store coins on CEX.IO digital exchange.
It is a crypto exchange registered in the United Kingdom, licensed to provide virtual/fiat currency exchange services in Estonia, Europe.
Paybis is an exceptional digital trading platform providing a wide array of cryptocurrencies to a bunch of investors. It is very easy to open an account on Paybis; you can just need a few clicks, and it’s done.
The platform keeps your data/purchased crypto safe using the appropriate security standards, and you can buy crypto from any part of the world. Plus, it provides efficient customer support 24×7.
The only drawback of Paybis is its higher fees compared to other platforms.
The crypto exchange has a rating of 4.5 stars on Trustpilot.
Poloniex is one of the best cryptocurrency exchanges best-known for offering quality service to trading bitcoins and altcoins. It is a legit platform that has gained the trust of numerous customers.
The platform requires 2-factor authentication for API use. Simultaneously, it consistently performs audits to ensure no spammers or fraudsters could harm the funds stored in this digital exchange.
Poloniex allows trading in more than 60 crypto tokens or coins, including Dogecoin, Bitcoin, Dent, Cardano, Binance Coin, Tether, Matic Network, and many others.
Overbit is a multi-purpose platform allowing investors to trade crypto and Forex. It is a leveraged trading digital platform allowing you to trade a substantial amount of borrowed funds and invest them in the free market. This opportunity helps investors to make ample profits. However, the risk involved is equally high in leveraged trading.
The leverage provided by Overbit is extremely high that is up to 100X on particular cryptocurrencies and 500X on Forex. However, you won’t lose more money than you invest as it does not allow your account to be in a negative balance. It means the platform provides a risk management feature to limit the exposure of the investors. Plus, it enables you to choose margin allocations for improving risk management.
The platform was established a long time back in 2013 and served over 2.6 million customers across the globe. Coinmama supports multiple fiat currencies, including USD, AUD, GBP, CAD, and EUR.
Coinmama is a reliable crypto exchange allowing investors worldwide to trade different cryptocurrencies such as Bitcoin, Bitcoin Cash, Etherium, Etherium Classic, Tezos, Qtum, Ripple, EOS, etc.
It is an advanced and one of the best cryptocurrency trading platforms, allowing users to buy and sell crypto with debit, credit cards, and bank transfers. However, the trading fees of Coinmama are comparatively more expensive than other platforms.
Gate.io is a beginner-friendly crypto exchange as it allows users to trade crypto with ease. The platform is safe & secure and provides an excellent customer experience by supporting a flat trading fee of 0.20%.
The proficient team of Gate.io follows high-security standards, which prevents all fraudulent activities from occurring. In addition, this platform was rated as one of the top cybersecurity exchanges by CER.
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Moreover, it provides an efficient team of customer support to the investors who help them secure the accounts in case of a mishap.
Many users are using this trading platform because it allows you to trade with very low trading fees on more than 600 virtual tokens it offers.
Bitstamp is a legit platform that provides impeccable customer support to its users. It is a leading digital exchange offering a comprehensive range of cryptocurrencies to investors with a low deposit, withdrawal, and trading fees than most exchanges.
The trading fees of Bitstamp may vary depending on your total trading (buy and sell) amount. However, it charges a flat deposit fee for the international wire that is 0.05%. Cheap! Isn’t it?
The platform is also featured with advanced charting capabilities that make it easier for investors to reap benefits on their holdings.
bitFlyer acts as a low trading fee gateway whether you are a beginner or an experienced investor in crypto.
It is a cloud-based platform that uses the latest encryption to secure your purchased coins. Although it does not include a huge variety of cryptocurrencies to trade, the tokens it offers can still make you earn magnificently.
It is termed as one of the top cryptocurrency exchanges in the crypto-verse in terms of regulatory compliance.
The trading exchange is compatible with the Android and iOS operating systems, allowing users to execute complex trade through the Lightening Interface or REST API.
Bittrex boasts an extensive range of cryptocurrencies after allowing users to take advantage of its discounted fee schedule.
It is featured with a user-friendly interface, making it easy and less complex for beginners.
Bisq is another heavy hitter when it comes to the wide variety of altcoins. The platform provides access to all cryptocurrencies at low fees. The maker will be charged 0.10%, while the taker will pay 0.70% trading fees on the total amount of trade.
It is a decentralized non-KYC platform compatible with both Android and iOS devices.
It was also labeled as the most secure crypto trading platform. It does not allow your personal or banking information to be stored anywhere apart from your desktop, implying the information can’t go to a central point and can never be hacked.
Ledn can prove to be the best platform for beginners to dip their toes in the crypto waters.
Its convenience and easy usability come with a low fee structure, which is the cherry on the cake.
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It is primarily a saving and lending platform that focuses on USDC and Bitcoin. Furthermore, this crypto exchange enables you to earn up to 11% on your USDC and 6.10% on your BTC through savings and lending options.
The digital exchange is based in the UK, supporting different payment methods to buy crypto, including debit/credit cards to bank transfer.
Coinfalcon is an ideal platform trusted by millions of investors. It is a robust exchange powering many cryptocurrencies, including Bitcoin, Dogecoin, Tether, Ripple, Cardano, Litecoin, Etherium, and many others.
It provides the safest ways to earn bountiful money through trading coins. In addition, it also allows you to earn a decent amount of interest on your holdings.
Paymium is one of the top crypto exchanges bringing cryptocurrency trading to the European market. You can buy Bitcoin, Etherium, and several other coins listed on this platform as soon as your Paymium account is funded in Euros. You can either opt for the ‘advanced purchase order’ option to place your buying order in advance.
This platform also allows you to make payments using virtual currency and provides customer support in email.
BTC square allows you to trade multiple coins. Moreover, you can easily figure out which coin you should buy as it enables you to customize graphs effortlessly.
You have got several options as this platform deals in a wide variety of coins such as Bitcoin, Litecoin, Matric Network, Tether, etc. At the same time, it allows you to evaluate the trading view and your quick earnings.
BTC Square allows all the traders to check the trading history of all the coins listed on this exchange without any hassle and enables you to Zoom chart.
Changehero is a spectacular trading exchange offering an extensive array of cryptocurrencies to trade, such as Bitcoin, XRP, Monero, Bitcoin SV, Binance Coin, and many others.
Changehero is available in multiple languages with an intuitive interface, including English, Japanese, Russian, Spanish, and many more.
Furthermore, viewing the price of more than 40 cryptocurrencies with this platform is straightforward. It also provides unique perks such as earning crypto rewards debit cards for the investors optimizing for coin-based rewards.
Is Buying and Trading in Crypto Safe?
Some incidents demonstrate the hacking of crypto exchanges, leading to the theft of digital assets. As a result, keeping your cryptocurrencies in the exchanges for the long term is not considered safe and involves a higher amount of risk than storing cryptos in an authentic cold storage wallet. It is because the security of digital assets stored in your crypto exchange solely depends on them and is venerable to theft and hacks.
Also Read: How To Get Bitcoins In India For Free
Therefore, the safest way to keep or store your crypto assets is in crypto wallets such as TrezorT, Ledger Nano X, Token Pocket, Zebpay, and BuyUcoin.
How Much Money Do You Need To Buy Crypto?
At present, more than 4000 cryptos exist in the world. Each crypto has a different price.
It immensely depends on the cryptocurrencies you wish to buy and the exchange you have chosen. Plus, it may also vary in quantity, as you can invest in pennies or a few dollars and buy fractional shares.
What Are The Best Crypto Exchanges For Beginners?
Especially for the new investors, Coinbase is considered one of the best crypto exchanges in the world.
Coinbase is user-friendly and elegantly designed in such a way that it can be understood by beginners effortlessly. However, other exchanges may require some time for new investors to understand their functionality.
Moreover, this platform follows the rapid ID verification process and various payment methods linked to it.
What Are The Best Cryptocurrency Trading Platform With Lowest Fees?
Binance charges the lowest transaction fee among all the crypto trading exchanges. This exchange uses the multi-tiered fee system between 0% to 0.1%. It is one of the reasons why Binance is so popular worldwide. Plus, it offers a wide array of crypto assets to choose from.
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Phemex is an alternative to Binance, charging 0.025% to 0.075% transaction fees, even less than Binance. Phemex may be the future of crypto exchanges as it is safe, charges a reasonable trading fee, and takes quick actions to protect its users’ assets and platform.
How to Invest in Crypto if you are a beginner?
Investing in cryptocurrency is very similar to investing your money into stocks. The major difference between the stocks and crypto is its high volatility, as the stock market’s fluctuations may experience fewer swings than the world of cryptocurrencies.
If you are a beginner and investing your hard-earned money into crypto, listed below are the dew things that should not be ignored:
1. Open your account at a firm that does not impose restrictions to invest in the crypto market.
2. Transfer the funds into your brokerage account by adding your primary bank account.
3. Utilize the deposited amount by purchasing digital assets/cryptocurrencies such as Bitcoin, Etherium, Dogecoin, Cardano, Tether, Matic Network, Binance Coin, or any other crypto you find at a lower price than its actual worth.
4. Sell those cryptocurrencies later when the price of your purchased crypto rises for a profit. Some crypto trading exchanges allow you to transfer the funds from your credit cards as well. However, some of them accept the direct deposit of Bitcoin, which means if you do not have funds in your bank account, you can still purchase crypto by deducting your Bitcoin balance.
Is it Legal to Buy cryptocurrency?
According to Crypto exchanges, more than 106 million investors trade in crypto all across the globe. In India, the estimated number of investors has passed 15 million and Cryptocurrency is not illegal. However, it is unregulated as it does not have a regulatory framework to govern its functioning. In addition, the legality of the cryptocurrency also varies depending upon state to state. For instance, in the United States, the legal status of cryptocurrencies is constantly changing due to the evolving financial policy landscape.
However, it is allowed by the U.S government to trade crypto on authentic exchanges available online.
Note: It is recommended for every investor to check the legal status of crypto in the state they are residing in before investing in crypto.
Always opt for the top crypto exchanges irrespective of their trading fees. Some exchanges might be spam that does not charge any transaction fee, leading you to lose all your money.
Therefore, stick with a well-established and reputed cryptocurrency trading platform to make sure your crypto investment is in safe hands while withdrawing all your profits as per your desire.
You can write to us in the comments section about how this article has helped you choose among the Best Crypto Exchanges.