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The Best Exchange For Cryptocurrency Investors In 2023

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The hard times continue for cryptocurrency investors as the markets continue to show little promise of change following the market slump at the start of the year. Despite the persistent ‘crypto winter’, the trading statistics during this period show that, on average, 24-hour volume isn’t that different from what we saw back in 2021.

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The industry reached its peak in 2021. The emergence of NFTs as a mainstream digital investment asset and the vast majority of currencies reaching their all-time highs have been pivotal in the development of the industry in recent years.

With a growing interest in digital assets for investment and trading, we have seen an influx of users searching for the right cryptocurrency exchange for them. Despite what any reviewer will tell you, this question is answered subjectively. Each trader has their own needs, which is reflected in the fact that one trader may claim that a certain exchange is the best. 

Despite this being true, some exchanges are better than others. To help our readers filter through them and get down to the gems, we have compiled a shortlist of three of the best cryptocurrency exchanges available to investors in 2022. 

Table of Contents


Phemex is one of the world’s most advanced crypto trading and investing platforms, offering an innovative and adaptive way to interact with digital assets. The platform boasts over two million active users globally. It has become one of the most reputable names in crypto, as it focuses on ‘empowering everyone to trade simply and manage risk efficiently.’

With a focus on leverage trades, Phemex provides many helpful solutions to aspiring traders looking to take out leveraged positions. Any Phemex review you read will speak positively about this Singapore-based provider as it continues to push the boundaries of what’s possible. 

Customers will have access to over 230 crypto assets, with enough variety of tokens and coins to satisfy most traders and investors. Traders will enjoy the diversity, security, and simplicity of trading and learning with Phemex. From spot trading to margins and contracts, Phemex has it all. We cannot finish our review without discussing the accessibility and service provided by the Phemex team, offering guides, well-informed staff, advanced security, and a great range of earned products to reward users for their loyalty to the platform.


A predominantly US-based provider, available in all states except Hawaii, New York, and Washington, Kraken is a first-rate provider and one of the oldest exchanges still operating, having first gone online in 2013. The exchange is touted for its low fees and advanced trading features, including margin trading, on-chain staking, and unique trading opportunities. 

The platform supports over 190 cryptocurrencies and tokens, which include major currencies such as Solana (SOL), Elrond Egold (EGLD), and Bitcoin (BTC), among many others. As we mentioned, Kraken’s low fees are impressive, with 0.0% to 0.2% maker fees and 0.0% to 0.5% taker fees, and they do not be charged any fees for credit and debit deposits. 

Sadly, Kraken doesn’t offer any insurance on crypto deposits held in hot wallets. But, similarly to Coinbase, customers will be pleased to know that some 95% of digital assets are held in cold storage (offline) while offering customers enough liquidity to withdraw their funds at any time. On top of that, there have never been any reported hacks against the platform, which is a testament to the quality of its security. 


One of the leading cryptocurrency exchanges in the US, available in all states except Hawaii. The platform supports over 200 tokens, which can be sold, traded, and bought using a unique mobile trading app. As a public company, Coinbase is easily one of the most trusted and considered the most established trading platform available to US investors.

Security comes first at this crypto firm. Customers can trade with their minds at ease, knowing that 98% of its crypto assets are in cold storage, meaning customers’ funds are kept offline and aren’t susceptible to hacks and malicious attacks. The platform caters to beginners but also boasts an advanced trading platform called Coinbase Pro, charging lower fees on trades using a far less-friendly interface. 

Regarding fees, spot trading fees range from $0.99 to $2.99 or 1.49% as a flat fee for trades over $200. The fees for spot trades range considerably depending on the coin and the number of funds involved. Credit/debit card transactions have a flat fee of 3.99%. Despite how they may look, these fees are considerably higher than the platforms above, but it more than makes up for them with the accessibility and range of products available at Coinbase. 

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