Best Cryptocurrency Exchanges Of June 2022 | The College Investor

Top cryptocurrency exchanges and platforms – updated June 2022 Investing in Bitcoin is all the fury but how precisely does a founder perplex started ? Do you need to already have Bitcoin to invest ? Or do you transfer money from your bank report to somewhere and convert it to Bitcoin ? What does that front like ? We ’ ll answer all of these questions and list 10 of the best cryptocurrency exchanges and platforms that allow you to buy Bitcoin and other tokens.

Going ahead, we ’ ll use BTC, which is the symbol for Bitcoin on exchanges and trade platforms. If you just want to earn a high render with crypto, you might consider a crypto keep open bill. These accounts pay up to 12 %, but do come with risks ( merely like regular crypto investing ). Check out the best cryptocurrency savings accounts hera. Editor’s Picks For Best Crypto Exchanges:

  • Best Overall: Coinbase
  • Best For Trading:
  • Best To Earn Interest:
  • Best For Altcoins: Uphold

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Best Crypto Exchanges and Investing Platforms

hera is our list of the 10 best cryptocurrency exchanges and investing or trade platforms. The cyrpto offers that appear on this locate are from companies from which The College Investor receives compensation. This recompense may impact how and where products appear on this locate ( including, for example, the order in which they appear ). The College Investor does not include all cryptocurrency exchanges or all crypto offers available in the market .

1. Coinbase

Coinbase is by far the most popular and one of the best cryptocurrency exchanges because you can invest directly with USD. You can presently purchase Bitcoin, Ethereum, and Litecoin and 30+ other coins and tokens on the chopine. furthermore, you can earn pastime on your USDT, and you can earn token rewards by completing versatile activities. Plus, when you open a new Coinbase report, you get a $ 5 BTC bonus after you make your first craft if you sign up using our connection ! Read our full Coinbase Review here. Pros

  • Easiest to use interface
  • effective choice of tokens and coins to invest in
  • eminent floor of security and trustworthiness


  • gamey fees unless using Coinbase Pro
  • drug user does not control secret keys in wallet
  • dull to adopt popular new cryptocurrencies

Get $ 5 in free BTC !

2. Voyager

Voyager is a democratic platform to invest in crypto as it was one of the beginning publicly traded exchanges. They are app-driven and offer a commission-free trade structure. Voyager supports most major cryptocurrencies, has solid support and engagement, and pays competitive interest rates on assets. Plus, when you open a Voyager explanation, you can earn $ 25 in BTC after trading $ 100 in crypto. Read our wax Voyager revue here. Pros

  • very easy to use app-based interface
  • Commission-free trading structure
  • Voyager provides solid interest rates


  • slow withdrawals ( can take upwards of 1 day )
  • not available in New York ( yet )

Get up to $ 25 in BTC free !

3. BlockFi

BlockFi is a cryptocurrency investing chopine that allows you to lend and earn interest on your holdings. besides, rather of selling your coins and tokens, you can besides borrow against your holdings. If you ‘re just looking to hold your tokens, you can besides barely let them earn interest for you. Bonus Offer:  Get up to $ 250 bonus when you make a $ 25 deposit and maintain it for the specify period of clock. Check out our full BlockFi follow-up here. Pros

  • No commissions and fees
  • US-Based and regulated
  • earn high pastime on deposits


  • Does n’t support many tokens and coins
  • limited free withdrawals

Get up to a $ 250 bonus !

4. Uphold 

uphold offers elementary solution to trade multiple assets — open one report and trade multiple assets without making a trip back to cash. If you ‘ve every traded crypto, you ‘ll know a bunch of coins and tokens only trade in certain pairs, so you ‘re constantly going back to BTC or ETH. But on Uphold, you can trade multiple assets immediately. Plus, Uphold is one of the few exchanges that allows you to trade XRP, DOGE, and more. Read our full Uphold recapitulation here. Pros

  • simple and guileless pricing structure
  • Lot ‘s of crypto tokens and even some stocks, including popular ones like XRP
  • Both background and mobile apps


  • not as easy to use as some on this number
  • Some reports of hapless customer service

5. Kraken

Kraken is one of the original crypto trading platforms and they have a effective survival of coins and tokens to trade and invest in. They besides allow margin trade. however, it ‘s a real exchange, and not as easy to use as some of the top platforms on this tilt. Kraken is one of the few platforms on this list that allow you to trade in DOGE and other, more hazardous, tokens. Note: Kraken offers a limited section of coins and tokens to US customers versus international customers. Read our full moon Kraken review here. Pros

  • One of the longest run crypto exchanges
  • eminent horizontal surface of security system and trust
  • large kind of crypto and tokens to trade


  • One of the more unmanageable platforms to use
  • trouble with 2FA
  • Some reports of poor customer service

6. eToro

eToro has been around for a while in the UK and throughout Europe, but they are now allowing traders in the United States. They offer a huge assortment of digital assets to buy and sell on their platform, and even better, they have a exercise trade account so you can give it a try before you actually use very funds. mighty now, eToro is besides offering a $ 10 bonus if you deposit and trade $ 100 in crypto-assets. This offer is alone available for US users.
Read our full eToro review here. Pros

  • Worldwide options for trade crypto
  • ability to copy other traders portfolios
  • low minimums to start


  • Limited options in the United States
  • only available in 41 states
  • Does n’t support as many tokens and coins as other platforms on this list

Earn a $ 10 bonus !
This ad promotes virtual cryptocurrency investing within the EU ( by eToro Europe Ltd. and eToro UK Ltd. ) & USA ( by eToro USA LLC ) ; which is highly explosive, unregulated in most european union countries, no EU protections & not supervised by the EU regulative model. Investments are topic to marketplace risk, including the loss of principal.

7. Bitcoin IRA

Bitcoin IRA is a little different than the other platforms here. Unlike most exchanges and wallets, you ‘re basically barely exchanging currency and are subject to paying taxes on your gains ( learn how taxes on your cryptocurrencies work here ). With that being said, Bitcoin IRA combines the best of being a crypto wallet and exchange, with besides being an IRA. That means that your gains inside the score are tax release or tax deferred. Read our fully Bitcoin IRA revue here. Pros

  • Invest in cryptocurrency inside your IRA
  • ability to earn pastime on your crypto inside your IRA
  • high security options


  • eminent fees
  • high minimums
  • Does n’t support as many tokens and coins as early platforms on this number

8. is one of the largest and fastest growing crypto exchanges. It ‘s based in Hong Kong, but offers a long ton of support for US-based customers. proper now, you can have access to over 90 tokens and coins worldwide, and 50 tokens and coins if you ‘re in the United States. Plus, the volunteer solid rates on their crypto savings accounts. The alone major drawback is that it ‘s merely app-based at this time, there is no desktop platform. Read our wide review here. Pros

  • huge measure of confirm coins and tokens
  • Pays weekly pastime on crypto savings
  • You can get a debit card linked to your explanation


  • Complicated fee structure
  • No desktop documentation, alone app-based
  • Limited customer support

9. Binance 

A capital platform for getting into some currencies like Cardano or Neo. not as easy to use as some of the top platforms on this list, but they do have one of the most robust deal platforms out there. They do have a adequate mobile app, but again, not as easy to use and we ‘ve been frustrated with it. Try Binance here. Note: is the US-version of the platform and has limited coins and tokens to invest in versus the international interpretation of Binance. Read our broad Binance review here. Pros

  • huge amount of support coins and tokens
  • Fast transactions times
  • broken fees


  • U.S. has limited options compared to worldwide
  • not available in all 50 states
  • Limited customer documentation

best cryptocurrency exchanges: Binance

10. Hodlnaut

If you ‘re looking for an alternate to trade cryptocurrencies, check out Hodlnaut. Hodlnaut is a savings and lending platform that focuses on Bitcoin and respective stablecoins. right nowadays, you can earn up to 7.46 % on your bitcoin and up to 12.73 % on your USDC through saving and lending options on their platform. Read our fully Hodlnaut recapitulation here. Pros

  • pay high interest on holdings
  • No minimum balance requirements
  • Get $ 20 exempt when you deposit $ 1,000


  • only supports BTC, ETH, DAI, USDC, and USDT
  • support is based in Singapore and may be dense to respond

Try Hodlnaut here. Get $ 20 in-kind if you deposit $ 1,000 .

How To Invest In Bitcoin

Investing in BTC is like to investing in stocks, except army for the liberation of rwanda more volatile because of the casual swings in BTC. here are the steps to invest in stocks from the begin :

  1. Open a brokerage account at a firm that allows crypto investments
  2. Deposit funds from your bank into the brokerage account.
  3. Buy a stock using deposited funds (cash balance).
  4. Later sell the stock for a gain or loss. Funds are returned to your cash balance.

The main difference with BTC is for pace three ; you buy BTC or another cryptocurrency rather of stock. With BTC, the above flow is alike in most cases but it depends on the exchange or trading platform. In some cases, you can buy BTC using your credit rating wag or by transferring funds from your trust report. For other platforms, you must transfer BTC directly. This is known as a direct situate of BTC. We ’ ll discuss how to invest in BTC for US citizens. The methods vary across countries because of differences in laws and regulations. Some countries require more private data than others to verify you are legitimate .

How To Deposit USD To Buy Bitcoin And Crypto

Coinbase is one of the most popular platforms and has a straightforward serve. Some of the mentioned websites below will follow this lapp process. We love Coinbase because you get $ 5 if you open an account. With Coinbase, you open a Coinbase account and link your bank bill or credit card. then transfer funds from your savings bank score to purchase BTC or purchase using your credit card. Credit tease purchases of BTC are the most expensive. The mechanics of purchasing BTC involve entering a USD amount or a BTC measure. The web site will then convert the other currency. For model, if you enter in 500 USD, the web site will fill in the BTC slope with 0.0357 ( or what ever the current BTC switch over rate is ). once you have the measure filled in, pawl to purchase your BTC. While credit wag transactions cost the most, they are besides the fastest to complete BTC transactions. Bank accounts can take up to a few days. Keep in mind that you will get the exchange rate at the fourth dimension you purchased BTC. If BTC goes up 1000 by the time your transaction completes three days belated, you ’ ll miss out on the raise. Where precisely does the BTC you ’ ve purchased go ? After all, you haven ’ triiodothyronine invested it so far. Your BTC sits in what ’ randomness called a digital wallet. Most all exchanges have their own wallet that you use to contain your BTC. Going back to the brokerage case, your cash balance is used to trade stocks. BTC in your wallet is used to trade BTC. What about your USD ? Your wallet has a space for BTC and USD. If you deposit 10,000 USD and buy 5,000 USD of BTC, your wallet will look like this : 5,000 USD 0.34    BTC Wallets are a big subject of discussion when talking about cryptocurrencies. We won ’ t go into depth with them but you can use a stand-alone wallet if you don ’ thyroxine want to use the exchange ’ second wallet. is one exemplar of a stand-alone wallet. This can be desktop, mobile or web site based. You can even use a hardware wallet such as once you ’ ve deposited funds with the exchange of option and purchased BTC, you ’ re ready to invest. trade platforms on the exchanges look identical similar to brokerage platforms. You ’ ll have a chart and buy/sell buttons with the sum of BTC to trade. When trade in BTC, you can exchange into other cryptocurrencies, which is another method for selling BTC. Or you can exchange out of another cryptocurrency and into BTC, which is the same as buying BTC .

Direct Deposit Of BTC

In the case that the exchange doesn ’ triiodothyronine allow purchasing BTC by transferring funds or using a recognition tease, you can deposit BTC from another exchange. This is done by getting your wallet savoir-faire from the target rally. then enter it on the source exchange along with the sum of BTC to transfer to the fresh commute. The transaction takes a few minutes for the commute BTC to appear in the target wallet .

Common Cryptocurrency Exchange Questions

here are some of the most common questions we get when it comes to our picks fr the best cryptocurrency exchanges. What features are important to look at when deciding on an exchange? There are a few major features we consider, including the act of tokens and coins available, the monetary value or commission charged, the still of practice, the security of the platform, the customer service, and the features ( such as cryptocurrency savings accounts ). What’s the difference between a crypto exchange and a crypto wallet? A wallet is designed for dependable storage of your cryptocurrency. An exchange is designed to allow you to buy and sell cryptocurrency well and quickly. A wallet will hold your individual keys security, while when you use an switch over, you provide the exchange your private keys. The substitute then acts as your custodian. How do you buy cryptocurrency? You open an report at any of these exchanges, deposit your funds, and then you can “ exchange ” your USD or decree currency for the cryptocurrency of your choose. Some cryptocurrency only have specific pairs they trade with, thus depending on what you want to buy, you may need to buy something like Bitcoin, and then exchange the Bitcoin for another token. How much money do you need to get started? You can get started with most of these exchanges with american samoa little as $ 5.


The College Investor is dedicated to helping you make inform decisions around complex fiscal topics like figuring out the best cryptocurrency exchange. We do this by providing unbiased reviews of the exceed bitcoin and crypto platforms for our readers, and then we aggregate those choices into this number. We have chosen crypto exchanges based on our opinions of how easy they are to use, the handiness of tokens and coins on their platform, their costs and fees, their trustworthiness and security, and a kind of early factors. We believe that our list accurately reflects the best cryptocurrency exchanges in the market for investors .

Final Thoughts

Investing in BTC international relations and security network ’ thymine much different from investing in stocks. With BTC, you need to open an report with an exchange. With stocks, you open an account with a brokerage. then you deposit funds. The lone deviation with investing in BTC is that you have to purchase BTC, first using deposited funds, before you can trade BTC. Although, your initial buy of BTC is your beginning opening barter.

Have you ever used any of these sites? Disclaimer : *Personalized $ 5 reward put up is displayed after report creation. limited time put up and while supplies final. offer available to raw users who have not previously verified their identification. offer not available to new users who were referred to Coinbase through the Referral Program or who have previously opened an history using unlike contact information. Coinbase may update the conditions for eligibility at any time, in its lone discretion. See Terms and Conditions .

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Category : Finance

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