Best Crypto Exchanges for September 2022 – Evening Standard | Jewelry Dukan

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Here are many exchanges you can use to buy Bitcoin, Ethereum, and other cryptocurrencies, but some are better than others.

We’ve researched some of the top crypto exchanges to bring you what we think are the top five crypto exchanges for UK traders in September 2022.

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CFDs are complex instruments and come with a high risk of losing money quickly due to leverage. 68% of retail investor accounts lose money when trading CFDs with eToro. Cryptoasset investments are unregulated in most EU countries and the UK. No consumer protection. Your capital is at risk.

But first, a word of caution to anyone considering investing in cryptocurrencies:

Your capital is at risk. Investments can go up and down in value, so you may get back less than you invested. Cryptoassets are highly volatile and unregulated in the UK and do not qualify for any form of regulatory consumer protection.


Gate.io

Gate.io – 4.8/5 stars

Tradeable Coins: 1,300+

Trading Fees: 0.2% Maker Fee, 0.2% Taker Fee

About the exchange

Since 2017, Gate.io has offered a large number of tradable coins, competitive trading fees, discounts for holders of its native currency – GateToken – and benefits such as early access to new coin launches.

advantages

  • 1,300 tradable coins
  • Low fees

Disadvantages

  • Hacked in 2019
  • May be unsuitable for beginners

octopus

Kraken – 4.6/5 stars

Tradeable Coins: 120+

Trading Fees: 0.9% for stablecoins, 1.5% for other coins

About the exchange

Founded in 2011, Kraken is one of the oldest exchanges out there. Kraken offers a decent number of tradable coins, advanced trading tools, and margin trading. Trading fees are not the lowest for basic Kraken users, but Kraken Pro users get discounts.

advantages

  • Advanced features
  • Good customer care

Disadvantages

  • Complaints about hacked accounts
  • Not the lowest trading fees

Kucoin

Kucoin – 4.6/5 stars

Tradeable Coins: 600+

Trading Fees: 0.1% Maker Fee, 0.1% Taker Fee

About the exchange

With a large number of tradable coins and low fees, Kucoin has a lot to offer. The company is headquartered in the Seychelles, offers advanced trading features and volume discounts on fees.

advantages

  • Large number of coins
  • Low fees

Disadvantages

  • 2020 hacked
  • Funds are not insured

binance

Binance – 4.4/5 stars

Tradeable Coins: 600+

Trading Fees: 0.1% Maker Fee, 0.1% Taker Fee

About the exchange

Binance is the largest player in the crypto exchange market in terms of daily trading volume. It offers a large number of tradable coins with low trading fees. Binance users can trade crypto for crypto and fiat for crypto, with multiple payment methods accepted.

advantages

  • Large number of coins
  • Low fees

Disadvantages

  • Hacked in 2019
  • May be unsuitable for beginners

Krypto.com

Crypto.com – 4.4/5 stars

Tradeable Coins: 250+

Trading Fees: 0.4% Maker Fee, 0.4% Taker Fee

About the exchange

Despite fewer tradable coins and higher fees, Crypto.com scores well on cybersecurity and offers (limited) margin trading. Its native token Cronos (CRO) can be used to pay fees and earn benefits.

advantages

  • Good number of coins
  • Strong security

Disadvantages

  • Higher fees for low volume trades

methodology

We researched 25 crypto exchanges and examined their features, options, and fees to rank the best options.

The following is a list of the key variables that were considered:

  • Number of tradable coins
  • Number of fiat currencies accepted
  • trading fees
  • exchange liquidity
  • Advanced trading features
  • Margin Trading Availability
  • Customer service
  • educational resources
  • security
  • Staking and Rewards
  • Crypto Loans

We rated the exchanges for each of these variables, giving special weight to some, like number of coins and trading fees. Each exchange received an overall score and was ranked accordingly.


Choosing an exchange

There are many things to consider when weighing your options, but security, fees, and tradable coins are worth focusing on.

All exchanges are a target for hackers. Many have fallen victim, but have used the findings to increase security. Bigger-name exchanges have more to lose by not securing their users’ wallets, but bigger exchanges are also more lucrative for hackers.

No exchange can make itself impenetrable, so it’s a good idea to look at what kind of insurance an exchange offers and whether you would get your stolen coins back after a security breach.

If you have or plan to have significant crypto holdings, consider spreading the total across multiple exchanges to minimize risk.

When it comes to fees, the more you have to pay, the less you have to invest. Check what fees apply and when they are due. For example, is there a fee to withdraw funds from your account?

The number of tradable coins an exchange offers can be important depending on what your investment strategy is. If you are interested in certain altcoins like Luna (Terra) or ApeCoin, be sure to check if they are even available on your chosen exchange.

Trade with eToro

Trade a variety of assets including stocks, ETFs and cryptocurrencies; for both beginners and experts

open account

CFDs are complex instruments and come with a high risk of losing money quickly due to leverage. 68% of retail investor accounts lose money when trading CFDs with eToro. Cryptoasset investments are unregulated in most EU countries and the UK. No consumer protection. Your capital is at risk.


Frequently Asked Questions (FAQs)

What is a crypto exchange?

A crypto exchange is a website or app where people trade cryptocurrencies.

How do crypto exchanges work?

Crypto exchanges provide a platform for buying and selling cryptocurrencies and usually provide secure storage for the private and public keys you need to trade. Users can deposit and withdraw funds, track prices and trends, and manage their wealth.

How to buy crypto?

First, you need to open an account with a crypto exchange. Most exchanges offer free accounts and offer additional features for a fee.

To comply with anti-money laundering regulations, many exchanges will ask you to prove your identity by sharing a picture or photo ID. Some also use biometric security features that, for example, ask you to use your phone’s camera to verify that you’re a real person present at the time of verification.

Once you have an account, you will need to fund your account with fiat currency such as sterling or US dollars.

After making a deposit you can navigate to the page of the currency you are interested in and enter how much you would like to exchange. After confirmation, you will see your newly acquired assets in your account.


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