Which crypto exchange is good to trade?

[Naz]

There are many different crypto exchanges to choose from, but not all exchanges are equal.

Which crypto exchange is good, the
answer to this question depends on the person's needs. In general, you should choose the one with high liquidity and low fees.

It is very difficult to find a “good” crypto exchange. But you should always do your research before investing in an exchange to make sure that the security and technology are up-to-date, in case of a hack or another problem which might happen.

There are 4 major types of crypto exchanges - decentralized exchanges, centralized exchanges, hybrid decentralized exchanges, and peer to peer P2P exchanges.

Binance is one of the most popular exchanges right now and it is the best choice for new traders because it offers a lot of coins, including some of the newest ICOs.
It has low fees, it's easy to use, and it has a lot of coins.

Binance also supports fiat currency and crypto-to-crypto trading pairs, which makes it easier for beginners to enter the crypto world.

Share your opinion regarding this post. If you think there is any other exchange which is better than Binance let me know ☑️

 

[mathawmio]

Many cryptocurrency exchanges that are operating effectively. And they have an extremely attractive new user bonus. According to my tests, there are 10 exchanges that can accommodate the wide range of services that Binance is providing to users.

 

[maidnagi]

Binance is good. Can’t say which is better but I also find capitalwallet and kraken to be great exchanges for buying and selling cryptocurrencies.

 

[MarkRobins]

There are many different crypto exchanges to choose from, but not all exchanges are equal.

Which crypto exchange is good, the
answer to this question depends on the person's needs. In general, you should choose the one with high liquidity and low fees.

It is very difficult to find a “good” crypto exchange. But you should always do your research before investing in an exchange to make sure that the security and technology are up-to-date, in case of a hack or another problem which might happen.

There are 4 major types of crypto exchanges - decentralized exchanges, centralized exchanges, hybrid decentralized exchanges, and peer to peer P2P exchanges.

Binance is one of the most popular exchanges right now and it is the best choice for new traders because it offers a lot of coins, including some of the newest ICOs.
It has low fees, it's easy to use, and it has a lot of coins.

Binance also supports fiat currency and crypto-to-crypto trading pairs, which makes it easier for beginners to enter the crypto world.

Share your opinion regarding this post. If you think there is any other exchange which is better than Binance let me know ☑️

Well, it is hard to say for sure which one of the exchanges is the best. But yes, Binance is a pretty good one. Mostly it is hard to say for sure the choice is subjective and is connected to personal expectations from trading and the profits one wants to make from trading.

 

[Suba]

Thanks for sharing sis, your thread will help beginners to be able to choose the right crypto exchange, because you have explained the type of exchange and prioritized choosing an exchange with high liquidity and low fees. But as users we also need to pay attention to Reputation, payment methods, geographic restrictions and legality. You can also see the ranking of the best crypto exchanges on Coinmarketcap.

 

[ezcashbiz614]

I am in the USA and currently us Coinbase. Kraken and Crypto.com

 

[Ithedicious]

It will definitely depend on the location you are. For example here in Africa most people that are trading cryptocurrency are making use of binance platform because it is among one of the best and sophisticated cryptocurrency trading platform people can use to trade and make profit , but at the same time binance is not available for people in certain countries most especially people in the United States..

Apart from that you can make use of Luno, but personally I don't have much understanding about the platforms. This is something you have to research on to know the best and the most suitable platform depending on your location . A lot of people use coinbase for their cryptocurrency trading and investment and sometimes Coinbase may not be available in certain countries . This is the research you must carry it out when trying to choose a cryptocurrency exchanges for yourself . .

 

[Shaf]

I think it's best to use a combination of about two to three exchanges no matter how good one is. This is because they satisfy different needs for cryptocurrency traders. While centralized exchanges have a good number of coins to offer, they often require KYC especially if you are trading above a certain amount.

Not everyone trusts this information with others and you can use decentralized apps to avoid that. Also, some new coins launch only on decentralized exchanges before going onto the centralized ones.

Amongst the centralized exchanges, some have different coins while a coin you may want to purchase may not be on your favorite exchange. For example, Gate.io and Kucoin, FTX, Mexc exchanges usually have coins with lower market caps which go on to become 10x, 20x and even 1000x coins before they are listed on Binance and Coinbase. You can take advantage of this only of you use these exchanges too.

 

[ezcashbiz614]

Your location is definitely key to deciding what exchange
to use and what exchanges you CAN use.
Some have geographic restrictions.