What is the best cryptocurrency exchange right now? Which has the best fees? Which has a great volume and liquidity? What are the Pros and Cons that you should know? Wether you're a beginner or an expert. Wether you focus on altcoins or just bitcoin.
What is the best exhange in 2020?
I will try to compare on this article the top cryptocurrency exchanges in the space. And i'm gonna try to cover anything even the best sign in bonuses.
Hope this article can guide you!
Reminder this is not rank according to the list. It is a list of i think that are best trading platforms.
Btw, i am Ray from the Philippines. So lets start!
First is coinbase.
After some research, coinbase has the highest fees in existence. Anywhere between 1.5%-4% per purchase.
This may sound sucks, fees are horrible.
Fees alone can't determine wether an exchange is good or bad. There are so many other factors.
Coinbase Volume and liquidity is very high. This is one that i want most.
When a stock is highly liquid, it is easier to enter and exit positions while having less impact on the stock's price.
You can check this by going into coin market spot exchanges.
The three other pros is great ui, it is simple, it is clean, very easy for beginners getting into cryptocurrency to come in and not to be scared off. It is heavily regulated. Legally in terms of licenses and insurance and pretty much operate just like a bank. The last pro is what you called coinbase earn with $10 as welcome bonus.
Major cons of coinbase beside higher fees is its horrible to cash out.
So lets proceed to Kucoin
As per their website claims, one out of four crypto holders worldwide have used kucoin. Kucoin is great for random alts and in terms of fess, they have some of the lowest fees, not the lowest but we can consider.
The cons is that they have lower reputation and thet are not quite secure in terms of regulation. Lower reputation means they lack of KYC procedure. This gives many people impression on Kucoin is desperate for users in its exchange.
Gemini
Like coinbase it is heavily regulated and a us exchange. It is secure in terms of licences. Volume and liquidity is pretty good. Trading fees is aroung 1% to 0% if you trade in high volumes.
There is also a $10 sign up bonus. If i have to deacribe gemini, it is safe and reliable.
The cons, like some other US exchange is that it has limited coins.
Binance
In my opinion, it is one of the best exchanges for altcoins. Fees is 0.1%, volume is very high. If you check it on coincodex it is number one. It is the one most liquid and most traded options out there.
Sign up bonuses have different claiming mechanism. So if you wanna know more about it. Check out for yourself the exchanges i have mentioned.
Have a good day everyone!