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Best Cryptocurrency Exchanges for 2022-2023

Cryptocurrency exchanges are online market centers where you can exchange or trade one digital asset for another based on their market value. Normally, you have to exchange fiat (your country’s currency, or another) in order to get started. Once you have purchased a coin or token, then you can begin trading asset for asset.

There are plenty of stories about businesses being hacked. Your asset security ought to be the most crucial thought while choosing a cryptocurrency exchange. Here are reviews on best exchanges for 2022 – 2023. This selection considers those in the USA as everyday it is getting tougher to find exchanges that are willing to comply with US law or not allowing Americans altogether. 

Understanding KYC

Know your customer is a process where an exchange requires you to provide legal documents in order to verify you are who you say you are. Unfortunately, in order to operate within guidelines of certain countries, this step is required. Therefore, limiting the number of options available to many. However, there are workarounds that can be done to open up your selection of coins to a much larger range. In this review, we will take a look at 3 popular exchanges that you can use to buy crypto and HODL. As an added benefit, links contain promotional offers that you can use to get added value for your buying/trading.

What is CEX vs DEX?

Centralized Exchange and Decentralized Exchange details the manner in which an exchanged is managed. A decentralized exchange operates under peer to peer (p2p) transactions confirmed securely online where there is no intermediary. On the other hand, a centralized exchange does have an intermediary and in a sense can exert some form of control if they want to.

You Need a CEX to get to a DEX

In order to immerse yourself into the cryptoverse amusement park, you first need to walk through the gates. I personally can not think of any other way to get your Fiat into crypto without going through a CEX. 

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• Easiest to use interface
• Great choice of tokens and coins to invest in
• High level of security and trustworthiness
• Buy Bitcoin easily
• Good variety of altcoins

• High fees unless using Coinbase Pro
• The user doesn’t manage private keys in the wallet
• Slow to adopt popular new cryptocurrencies
• Expensive compared to other crypto exchanges
• Few payment options
• Custodial wallet

Coinbase is perhaps the most prominent exchange worldwide and is currently listed as #2 on Coinbase is an exchange that is working so hard to reduce security issues. It’s situated in the U.S. also, says that it’s rarely been hacked. It’s likewise simple to utilize and has competitive rates. For a significant number of cryptocurrencies, Coinbase offers they can be purchased directly with USD.

Coinbase is probably one of the most well-known cryptocurrency exchanges for Americans because you can invest directly with USD. You can now buy Bitcoin, Ethereum, Litecoin, and 96+ other coins and tokens on the platform.

What Offer Do They Give?
Coinbase’s prominence comes from having one of the easiest and quickest buying processes.
On the Coinbase platform, you can trade Bitcoin, Bitcoin Cash, Ethereum, and Litecoin without having to change over from your base currency into another cryptocurrency initially
Coinbase is a substantial exchange with a lot of Liquidity, so wide spreads should not be a worry. Liquidity additionally implies that you’ll be able to manage large transactions without any issues.
Transaction Fees
For the standard Coinbase platform, you’ll pay a spread fee of 0.5%, also with a transaction charge for each cryptocurrency buy/sell.

Get 20% Off all Trading Fees! Trade in BNB for additional discount.


  • Massive amount of supported coins and tokens
  • Fast transactions times
  • Low fees



  • The U.S. has limited options compared to worldwide
  • Not available in all 50 states
  • Limited customer support
  • Not ideal for beginners
  • Poor customer service

Binance was originally established in China, but later relocated to Cayman Islands to escape the increasing regulation of cryptocurrency. This turned out to be a great move for them as Binance normally sees the highest daily trade volume of all exchanges listed here.

What Offer Do They Give?
Binance permits its users to exchange, purchase, and store cryptocurrency. Or people, its trading services are divided into primary and advanced. It likewise offers institutional trading with a volume-based fee structure.
Furthermore, Binance offers staking (with yearly rewards of 0.5% to 10%) and mining pools to its U.S. users.
Binance provides its software wallet called the Trust Wallet that supports 40 blockchains and over 160k assets.
It likewise offers stake rewards (for holding a crypto asset for a set period), margin trading, crypto trading tools, and more.

Transaction Fees?
Binance charges a 0.1% spot trading fee for most pairs, lower than numerous different exchanges. The instant buying and selling trade fee is 0.5%.
Binance has its blockchain and coin — the Binance Coin or BNB. Trading with BNB will be a lower cost than other methods. If you use BNB, there’s a 25% discount on trading fees.

Use Kucoin tokens for 20% discount on trading fees


  • High Liquidity
  • It is an early adopter of promising new coins.
  • No verification is required.
  • Additional features and benefits offered by KCS.



  • No crypto-fiat pairs.
  • Intimidating trading platform.
  • It has limited payment methods.
  • Experiences difficulties during high traffic periods.

KuCoin is a market-leading cryptocurrency exchange that hosts over 200+ cryptocurrencies. Considering the expansive scope of cryptocurrencies, KuCoin offers users various features, including margin trading, futures trading, peer-to-peer exchange, instant purchases, and staking. For crypto variety, KuCoin is a reasonable decision. It was launched in 2017.
What Offer Do They Give?
It has stood as an early adopter, so buyers expecting to hold coins while they’re still cheap might want to consider KuCoin. On top of this, it offers an essential charting package, which is powered by the third-party Trading View system to suit more engaged crypto holders.

Its fees are also reasonably competitive and lower than many other exchanges.

Trading Fees
KuCoin charges for spot trading start at a low 0.1%, and you can also easily access a 20% discount if you use KCS coin (Kucoin’s token) to pay your fees. This tally to just 0.08% per trade.

Which one is right for you?

Personally, for me, I have an account on all three of these platforms. Coinbase for direct fiat deposits and cool-off period of 7 days before I can move my coins to a cold wallet, or DEX to invest in upcoming projects that haven’t gone mainstream net. I like to use Binance for the super low trading fee and if you are interested in becoming a day trader, then going with is a no-brainer.


The fees on Coinbase would make profitable trading very difficult. Even with Coinbase pro, you would have to do over $500k in trading volume to get near what Binance charges flat out. However, as Coinbase is an American company, this is important for some people and as an American company, they are under the jurisdiction of American federal law. This type of accountability is what makes Coinbase a popular choice for many in the US. Finally, Kucoin is probably the best chance to find a coin that will 1,000x in a day. I like Kucoin for the massive selection (almost dizzying at times) of coins that can be invested into. It’s also not uncommon for coins to pump over +100%!


Also, Kucoin offers perpetual futurs (leverage trading), crypto trading bots, staking and liquidity pools. Kucoin will require you use a VPN if you are in the states, but it’s worth noting that their KYC is not as strict as Coinbase or Binance. So of all the exchanges on this list, Kucoin is probably the most decentralized and as a result, you have to trade in USDT (U.S Dollars Tether). You won’t be able to add fiat directly to Kucoin, so you will need to create an account on Coinbase or Binance, add Fiat, convert it to USDT, then tranferer it to Kucoin to buy some tickets to the rally (metaphorically speaking).


My opinion on Kucoin is, if you are truly looking for low market cap, low supply projects with the potential to explode long-term, then you got to be on Kucoin because by time it’s listed on Coinbase or Binance, it’s already blown up. It’s the difference between buying said coin at $0.15 vs buying it at $50 once listed on popular exchanges. However, I do appreciate coinbase/binance as they seem to vet each token/coin before listing them.