Stephanie Douse 
Some cryptocurrency exchanges prioritize low transaction fees or fast execution speeds, while others offer unique financial products.
As an advanced trader, using a platform that executes your trade orders immediately you place them can help you reduce marginal losses, and as well help you make the most out of all your trade positions.
If you want to learn more about the fastest cryptocurrency exchanges to trade your cryptocurrency, read this guide to the end.
Fastest cryptocurrency exchanges to use in 2022
In 2022, these are the fastest cryptocurrency exchanges to trade your digital assets.
- Binance
- Coinbase
- Bitfinex
- BitMEX
- Deribit
- Okex
Binance
Binance’s 0.1% trading fee is less than many other U.S. exchanges charge for trading.
The company is known for how quickly it trades.
Binance’s average order execution time is about 37.2 milliseconds. 0.1% of orders are completed in less than 10 milliseconds and 1.1% take longer than 1 second to finish.
Before Changpeng Zhao started Binance in China in 2017, he built a computer program that helped high-speed traders find each other.
Daily trading volume (24h): $16,124,730,128
Average liquidity: 803
Weekly visits (Website traffic): 21,908,745
Total number of tradable coins: 396
Coinbase
There are 0.2% of orders on Coinbase that are completed in less than 10 milliseconds and 0.1% that take more than 1 second to complete.
For anyone to buy and sell cryptocurrency, Coinbase has a top platform. Coinbase also lets people store and exchange cryptocurrency.
It’s especially good for people who are new to cryptocurrency and don’t want to deal with complicated things like external wallets and decentralized exchanges.
Daily trading volume (24h): $2,233,660,161
Average liquidity: 720
Weekly visits (Website traffic): 2,457,328
Total number of tradable coins: 170
Bitfinex
Bitfinex’s average order execution time is currently pegged at 1.11 seconds, with 13.4% of orders being completed in less than 10 milliseconds and 20.8% taking longer than 1 second to be completed.
Bitfinex is a well-known exchange that supports more than 170 different cryptocurrencies. For trading and investing, this is good because it has low fees and a lot of options.
The exchange has features that are good for both new and experienced traders. There has been a history of regulatory problems and accusations that people were misled.
Daily trading volume (24h): $381,554,736
Average liquidity: 602
Weekly visits (Website traffic): 712,570
Total number of tradable coins: 178
BitMEX
The average order execution time on Bitmex was 1.11 seconds, with 13.4% of orders completed in less than 10 milliseconds and 20% taking longer than 1 second.
The platform is reliable and has enough money to support Bitcoin trades.
The platform is backed by hedge funds from all over the world, even though there are risks with cryptocurrency.
XBT-USD is one of the most popular long-term swaps on BitMEX. It changed the crypto world for the better.
Daily trading volume (24h): $79,658,323
Average liquidity: 423
Weekly visits (Website traffic): 177,228
Total number of tradable coins: 450
Deribit
Deribit’s average order execution time is now 6.1 milliseconds, with 89.6% of orders being completed in less than 10 milliseconds and 0% taking more than 1 second.
Deribit is one of the best places to buy and sell crypto derivatives like futures, perpetual swaps, and options on Bitcoin and Ethereum.
Daily trading volume (24h): $1,124,730,128
Average liquidity: 603
Weekly visits (Website traffic): 1,908,745
Total number of tradable coins: 204
Okex
It takes Okex an average of 127 milliseconds to process an order, with 0% of orders being processed in less than 10 milliseconds and 0.2% taking more than 1 second.
OKex is on CoinMarketCap.com as one of the biggest international cryptocurrency exchanges in the world, and it claims that its Bitcoin futures trading product alone has a daily turnover of $1.5 billion. This is just from the Bitcoin futures market.
However, along with other well-known Chinese-owned cryptocurrency exchanges, there have been a lot of questions recently about whether real turnover figures are as high as they say they are. There have been claims of exaggeration and manipulation.
Daily trading volume (24h): $4,229,682,309
Average liquidity: 505
Weekly visits (Website traffic): 1,608,359
Total number of tradable coins: 357
Crypto Trading FAQs
Some cryptocurrency exchanges are better for people who aren’t very good at trading or for people who want to invest for the long term.
Other exchanges are better for big businesses or full-time traders.
And whatever your reasons are for choosing a crypto exchange, we will answer all your questions below.
How do demand and supply affect crypto trading?
Some cryptocurrencies, like Bitcoin and Ethereum, are made to have a limited number of units.
Real-world currencies, like the US Dollar, don’t have a hard limit on how many of them there can be.
When there is more demand, the value of a limited-supply item is expected to rise.
As a result of that, there is a big difference in how much crypto there is and how much people want it. There are also new ways to make money from rising crypto prices.
How do I start trading in cryptocurrencies?
A seller sells their currency to get cash, and a buyer buys the currency because he or she thinks the value of the currency will rise in dollar/rupee terms.
In mid-August 2021, the total value of all cryptocurrencies was more than $2 trillion. Bitcoin made up 44% of that, and other coins made up the rest.
As seen in that graph, a currency can start out small and go very high, but there will be a lot of bumps in the road.
Hold on for dear life is what people who believe in cryptocurrency’s long-term future do.
They buy and don’t plan to sell any time soon. They even say that one Bitcoin could rise in value from $50,000 to $288,000 in a few years.
Day trading is another option for people who want to make money quickly.
They buy a currency, set a profit goal of 2%, and sell when that goal is met, sometimes within hours.
How can I trade crypto safely?
In the crypto market, experts say it’s best to start out with as little money as you can lose.
Because crypto trading combines the “irrational exuberance” of a stock market with the “legal uncertainty” of crypto, it’s a good way to make money.
Also, hackers have shown that anything that is worth money on the internet is a good target for them to get.
However, crypto exchanges that store user wallets try to keep them safe by hiring a huge team of security experts and paying “bug bounties” to outside consultants who find flaws.
When I trade cryptocurrencies, how do I make money?
There are three things to keep in mind when one is ready to make money from an investment.
Cryptocurrency trading has extra costs to think about, just like any other business.
For example, there are fees for everything that happens between putting in money and taking money out of investments at a profit.
Second, the price of crypto could change in a way that makes it more difficult to get rid of it.
This isn’t the only thing you have to pay at the end of each year.
People may have different minimum profit goals based on their income tax bracket.
Often forgotten until the end of the financial year, this could help one enjoy their gains in moderation.