Our Cryptocurrency Exchange and Staking Platform Rating Methodology

How we fee one of the best cryptocurrency exchanges and crypto staking platforms

We thought of numerous elements to find out the rankings for one of the best crypto exchanges and buying and selling platforms and one of the best crypto staking platforms. These embody the variety of cash out there, monitoring charges, withdrawal charges and cash out there for staking.

How we select one of the best merchandise 

Step one in rating crypto buying and selling and staking merchandise is figuring out the important thing gamers within the business. Our staff created a shortlist of the highest crypto buying and selling platforms. We then screened that listing for one of the best crypto staking platforms based mostly on the highest crypto buying and selling platforms that permit staking.

What number of firms we reviewed

We reviewed 20 main crypto exchanges and buying and selling platforms on numerous options and profiles.

To higher perceive every firm’s services, we researched greater than 40 questions per establishment. This method helps us construct an image of every firm’s profile and options.

From there, we ranked the crypto exchanges and staking platforms based mostly on numerous attributes. These embody charges, buying and selling options, customer support, training, storage and staking means.

How we gather information

We execute a handbook course of for gathering information on rating merchandise, reminiscent of one of the best crypto exchanges and buying and selling apps and crypto staking platforms.

Our knowledgeable staff of researchers goes to every product web page and gathers each piece of data. We additionally contact the businesses by way of e mail or cellphone as wanted.

The info we gather has a life span of three or six months. This implies we replace and assessment our information quarterly or semiannually. We additionally alter the rankings based mostly on the newest data.

What number of hours we spend reviewing

Rating funding merchandise requires a major time dedication, with at the very least 60 hours for analysis and evaluation.

Our assessment additionally features a detailed fact-checking course of known as the “high quality assurance” section. It may well take as much as 12 hours and is performed over a number of phases.

There are sometimes three phases of QA. The primary two phases require about three to 4 hours every. The ultimate stage of high quality assurance often takes about three to 4 hours too.

Star score scoring

The scoring system makes use of a scale from one to 5 stars, with 5 stars representing the top-rated firm. This method helps decide and rank one of the best merchandise.

All different firms are rated in proportion to the highest-rated product. As an example, if an organization’s rating is 75% of the highest rating, its score might be 3.75 stars.

Methodology

We researched greater than 20 crypto platforms to rank the perfect.

Our methodology comprised 10 classes. These classes had been divided into subcategories. We adjusted the weights based mostly on the product kind: finest crypto exchanges and buying and selling apps or finest crypto staking platforms. 

Cash out there

The variety of cash out there to commerce is a vital consideration when selecting a crypto buying and selling or staking platform. The extra cash provided, the upper the corporate scored.

Buying and selling charges 

Paying minimal charges helps you maximize your returns. Crypto buying and selling and staking platforms typically provide trades of cash for both a maker/taker price or a flat price. We due to this fact captured the most affordable out there trades for the bottom tiers that aren’t free or purchased by reductions. 

Withdrawal charges and different charges

Crypto brokers and staking platforms could cost charges along with buying and selling charges. For instance, you might incur a withdrawal price whenever you transfer cash out of an account. 

This class consisted of three subcategories:

  • Withdrawal charges for bitcoin.
  • Withdrawal charges for ethereum.
  • Accepts bank cards. 

Extra buying and selling options

Buying and selling options fluctuate amongst crypto exchanges and staking platforms. Some are higher suited to novices, whereas others enchantment to technical merchants. This class accounted for the breadth of buying and selling options out there. 

It included 5 subcategories:

  • Restrict orders.
  • Cease orders.
  • Cease-limit orders.
  • Futures buying and selling. 
  • Quantity reductions.

Customer support

Quite a bit can go unsuitable on-line. It’s necessary to get the aid you want whenever you want it. This class examined a number of kinds of customer support. 

It had three subcategories:

  • Chatbot assist.
  • Electronic mail assist.
  • Cellphone assist. 

Training

Cryptocurrency is an ever-evolving area. There appears to be no finish to what you possibly can be taught. A strong training part is usually a main plus. This class appeared on the kinds of instructional supplies out there to customers. 

It consisted of the three subcategories:

  • Blogs.
  • Crypto guides.
  • Movies.

Safety and storage

Safety and crypto storage are of the utmost significance in an business the place losses are sometimes irrevocable. 

This class included 4 subcategories:

  • Hacks reported.
  • Two-factor authentication to entry accounts.
  • Storage.
  • Funds insurance coverage.

Staking

Not all crypto customers need to stake their cash. However having the choice could be good. This class gave factors to firms for providing staking. 

It had 4 subcategories:

  • Platform permits staking.
  • Staking cash.
  • Staking base yield cardano rewards. 
  • Staking base yield ethereum rewards. 

Permits USD withdrawals/deposits

You might need to convert your fiat foreign money into crypto or vice versa. This class considers whether or not the platform permits withdrawals and deposits in U.S. {dollars}.

Permits margin buying and selling 

This can be a binary class that elements in whether or not the platform permits margin buying and selling. Platforms bought a rating of 1 for providing margin and 0 for not providing margin. It’s not a characteristic each person needs.

Finest cryptocurrency exchanges and buying and selling apps

We used the next weights to generate an total rating for every crypto trade and buying and selling app:

  • Safety and storage: 16%.
  • Cash out there: 15%.
  • Extra buying and selling options: 15%.
  • Staking: 12%.
  • Buying and selling charges: 10%.
  • Customer support: 10%.
  • Training: 10%.
  • Withdrawal charges and different charges: 7.5%.
  • Permits margin buying and selling: 2.5%.
  • Permits USD withdrawals/deposits: 2%.

Every class was weighted based mostly on its relative degree of significance to generate an total rating. Safety and storage are sometimes thought of extra important than customer support. So safety and storage account for 16% of the general rating, whereas customer support accounts for 10%.

Interested by which firm topped our listing? Try the best crypto exchanges and trading apps.

Finest crypto staking platforms

We used the next weights to generate an total rating for every crypto staking platform:

  • Staking: 20%.
  • Cash out there: 15%.
  • Buying and selling charges: 15%.
  • Extra buying and selling options: 10%.
  • Safety and storage: 10%.
  • Withdrawal charges and different charges: 7.5%.
  • Customer support: 7.5%.
  • Training: 5%.
  • Permits U.S. withdrawals/deposits: 5%.
  • Permits margin buying and selling: 5%.

We evaluated the crypto staking platform options individuals care about most. We then weighted these options based mostly on their relative significance to generate a last rating. 

What’s most necessary for a crypto staking platform could differ from what’s most necessary for a crypto trade or buying and selling app. So these weights fluctuate from these used to find out one of the best crypto exchanges and buying and selling apps.

View the best crypto staking platforms to see which one is sensible for you.

USA TODAY Blueprint’s editorial requirements

Each article is fact-checked by our writers and editors together with our information staff to make sure we now have probably the most correct and up-to-date data. We use a data-driven methodology based mostly on what traders worth most to find out every score. 

We pleasure ourselves on our journalistic integrity. Our purpose is to empower our readers to make sound monetary selections. Advertisers don’t affect our content material, opinions or evaluations.