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Crypto is mainstream today. Most investors have at least a few cryptocurrencies in their portfolios. Crypto exchanges help meet the rising demand for these digital assets. Over the years, they have grown to accommodate new features, services, and products. If centralized exchanges dominated the market in the early phases, decentralized exchanges play a significant role in maintaining liquidity today. While some exchanges offer competitive fees and sophisticated tools, others excel in speed and performance.
We have compiled a list of the top crypto exchanges in 2022 and how they can step up your crypto investment strategy.
Whether you are a new user just getting acquainted with the crypto industry or an experienced trader looking for advanced services and tools, we will help you find the best crypto exchange that suits your requirements. In this article, we take a detailed look at the five top crypto exchanges listed above. We go through their fee structure, payment methods, security systems, and allied services among other key features.
Let’s dive in!
AQRU: The best crypto exchange with low fees
AQRU tops our list of the best crypto exchanges this year. The platform is known for its low fee structure, which allows you to trade cryptocurrencies for (almost) free. AQRU not only makes crypto investments more affordable, but also gives more flexibility to traders. Since the transaction fees are cheap, you can get in and out of your positions with relative ease. As a result, AQRU has emerged to become a favorite among both experienced and new investors. Apart from an exchange, AQRU also serves as a crypto yield platform.
Cheap, transparent pricing
AQRU charges a single 0.35% commission on each exchange transaction. Unlike most crypto exchanges, the platform’s fee structure is not based on tiers. Neither does it charge any hidden fees.
It is interesting to note that AQRU charges no fees on buying cryptocurrencies like BTC, ETH and USDC, when investing into one of their interest accounts. All deposits into AQRU are free of cost too, with the exception of a small fee for credit card transfers. You can add funds to your account on the platform through a variety of payment methods including crypto transfer, bank transfer, and credit card. There is no extra charge for keeping balances that exceed a predefined amount when you’re staking your assets. This will save you a lot of money if you’re a large-volume trader.
Crypto withdrawals on AQRU amount to a flat fee of USD 10 for Bitcoin, and USD 20 for other cryptocurrencies. But if that sounds like a lot, you can opt for fiat withdrawals instead. They are completely free of cost.
AQRU features institutional exchange rates, making crypto trading more lucrative for retail investors and traders. It gives you fine rates, with no padding. That is, cryptocurrencies are offered to you at the same rate AQRU procures them from its providers.
No clutter or distractions
One of the key features that have contributed to AQRU’s mass appeal and high retention rate is its focus on user experience. Both the website and the mobile application are straightforward, clean, clear, and responsive. Getting started on the platform is fast and simple. The theme is easy on the eye and functional, letting you find each service and tool without going through any hassle.
Earn with crypto
As discussed above, AQRU offers one of the best yield services in the industry. It lets you earn passive income on your crypto assets like BTC, ETH and USDC. Currently, it offers up to 7% interest. In the highly volatile crypto market, the notion of locking your assets can sound dreadful. You can’t be blamed, as the commitment can sometimes lead to massive losses. AQRU offers an excellent solution with its flexible lock-in terms. The majority of interest accounts on AQRU don’t have a definite lock-in period. You can withdraw the assets at any time you want to, with just 24 hours’ notice.
AQRU updates the interest rates from time to time depending on the changing market conditions. Another interesting feature is that AQRU pays the interest daily, tracked to the second.
Robust yield generation strategies
AQRU follows sustainable yield generation strategies to give consistent returns to investors. The team analyzes the market and distributes the pooled assets to institutional and retail borrowers as well as DEXs. The profits made from these methods are then circulated back to investors in proportion to their deposits. Moreover, the yield generation strategies have to go through a stringent risk management process before going live.
Advanced security measures
AQRU features some advanced security measures to protect funds deposited on the platforms. For example, it has integrated the latest Multi-Sig technology from Fireblocks for wallet protection. It also has an insurance plan in place to protect the funds sent to decentralized exchanges against hacking. It is an authorized Virtual Assets Service Provider that follows financial responsibility standards.
At present, you can trade a few stablecoins and cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), DAI, Tether (USDT), USD Coin (USDC), Dogecoin (DOGE) and a number of other altcoins, along with sterling and euro on AQRU. It will extend support to more currencies in the coming weeks.
DeFi Swap is one of the best DEXs in the market. DEXs stands for decentralized exchanges. These cryptocurrency exchanges allow you to directly transfer cryptocurrencies with other users online, without relying on a centralized platform or an intermediary. With the rise of DeFi, they have become incredibly popular. As the DeFi ecosystem grows with new technologies and innovation, the demand for DEXs is also expected to grow. DeFi Swap enters this market with some unique value propositions.
DeFi Swap lets buyers and sellers trade digital currencies directly with other market participants instead of having to go through a centralized third party. The token exchanges are conducted using automatic liquidity pools. The DEX is powered by DeFi Coin (DEFC), a community-driven crypto token that has a three-pillar system against market volatility. The three functions of the system are static rewards, automatic liquidity pools, and a manual burning strategy.
Passive income opportunities
The V1 version of DeFi Swap comes with a framework that allows the farming and staking of digital assets. This means you can earn interest on the cryptocurrencies you hold. The platform plans to support a wide range of tokens from multiple blockchains, including both large-cap tokens with high liquidity and emerging tokens that show great growth potential.
If you wish to earn passive income on your digital asset holdings, you can add them to the automatic liquidity pools on DeFi Swap. The exchange promises above-average market yields during the period the tokens remain in the pools. You can also target staking rewards by locking your assets for a fixed number of days for blockchain validation.
Advanced analytic tools and resources
Successful crypto traders use high-end analytic tools to hone their strategies. DeFi Swap V2 features some advanced tools to help users with that. The technical analysis tools will help traders forecast the direction of the market and individual assets. The suite will come with many technical indicators and charting tools as well.
The DeFi Coin website also publishes articles and the latest news that concern the crypto and DeFi markets throughout the day. You can follow the platform on Twitter to get the updates. Going forward, it will publish market insights and analysis in video format to attract more users. They will give you an insight into the market conditions and various projects along with other relevant information.
Another key highlight is webinars, keeping in line with the above missions. However, this will be two-way, unlike analysis videos. You can ask questions to seasoned traders, investors, and analysts to step up your strategies. And in V3, the platform will feature research materials, forums, crypto signals, interactive charts, market data, and podcasts.
Most early-stage investors tend to dump their tokens once they go live on exchanges. The DeFi Coin protocol protects its native cryptocurrency from this threat by implementing a static reward system. It incentivizes long-term holders with dividends and disincentivizes short-term holders with a 10% tax. When you sell DEFC, you need to pay the protocol 10% of the total amount as tax. 5% of this tax is then distributed among existing holders.
Manual burning strategy
DeFi Coin ecosystem also follows a manual token burning strategy where tokens are bought back by the protocol after consultation with the community. This helps reduce the circulating supply and increase the value of the token without hindering liquidity.
eToro: Beginner-friendly exchange
Next on our list of top crypto exchanges is eToro. It introduced social trading and copy trading to the crypto market. Here, new traders can learn and apply the trading strategies of experienced investors. On the other hand, professional traders can use this as a means to earn a passive income. This feature has made eToro popular among crypto investors. In the highly volatile crypto market, eToro encourages more users to take their dive into the market. As a result, eToro is considered one of the best crypto exchanges for beginners.
eToro currently supports more than 40 popular crypto…