My favorite cryptocurrency exchanges

In today's article, I want to cover quickly the cryptocurrency exchanges I use to conduct my trades. Now I will cover both the Centralized exchanges I use and DeFi exchanges as well. I'm going to give you my experience using these exchanges as well as what I think of them. Before we get into the article I just want to state that none of this or any of my content is financial advice I am just simply expressing my thoughts and opinions. So without furthermore, let's get into today's article.     

Coinbase/Coinbase Pro

This is probably my most used cryptocurrency exchange out of all the ones I use. One of the main reasons I use coinbase is because of how easy it is to use. One of my favorite things about coinbase is how easy and fast the signup is also known as a KYC (know your customer). Another factor that I enjoy is how easy it is to deposit fiat into your account. All you need is a credit/debit card or a bank account to start making deposits. If you use coinbase pro (I recommended it since it has charts to look at) do keep in mind it does take 7 days for your funds to clear so you can take them off of the exchange.   

But you can still trade on the exchange while waiting for the all-clear. One of the biggest reasons why I use coinbase Is because Of how the accounts are FDIC secured. Meaning the federal government is willing to pay upwards of $250,000 to ensure your account and the US dollars held on there. Although this only applies to my American readers.  But if anything wrongful happens with your cryptos on that account coinbase is liable to owe you the amount missing if it's not due to your inaction or own your fault and this applies to everyone.  

 Kucoin

Kucoin is a great Centralized exchange to start trading on if you don't want to submit a KYC(know your customer policy). Although you won't be able to directly deposit fiat on this exchange unless you summit a KYC you'll be able to send and receive coins on the platform including stable coins. What I like about kucoin is the number of coins there are to buy into on the platform. Everything from your most famous altcoins like Cardano and Solana to undervalued gems like Fantom and Netvrk. I also enjoy the fact that kucoin offers many ways to start making passive income on the site. There offer everything from staking, margin trading, and token/coin loaning. Kucoin is also helpful in the fact it doesn't make you wait after making deposits so you can start trading and sending coins immediately as soon as you receive them.  

Spookyswap

Spookyswap is my favorite DeFi exchange to use and there are multiple reasons for that. Let's start with one of my main favorite reasons why spookyswap is my favorite. This is that it's based on the fantom blockchain which makes transactions cheaper and faster than Ethereum while still getting the same experience as any other Ethereum Dapp. But my biggest reason as to why I use spookyswap is because of the APY they give on staking BOO the exchange's cryptocurrency. The rates vary but as of writing this article (6/14/22) the rate you get back in BOO is 43.46%. On top of that you get APY back on the pool you select to stake in. So if you stake in the Hector Dao pool you get Boo and Hector Dao however the APYS are different from each other so the amount of BOO you get is not the same percentage as the pool you select. The farming pools also offer great APYS but require liquidity potions to farm.

My Final Words     

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