For a Bitcoin beginner, I think the most important factor of a Bitcoin exchange is the convenience of buying bitcoin. I have 5-year experience in investing in bitcoin and other cryptocurrencies. And I did use some cryptocurrency exchanges.
Here I’m gonna talk about their differences.
OKEx —
The one I use most frequently. OKEx is rated in the top 10 bitcoin exchanges recently for its BTC futures trade being nearly $1.5B of volume daily. The reason what I use it is that it provides a full range of products, including wallet, fiat currency, spot and derivatives trading, which satisfies all the demands of a cryptocurrency investor. For the bitcoin beginner, its fiat gateway is convenient enough, offering hundreds of local currencies, and various payment methods with scarce insecurity problem.
Binance —
Mostly same as OKEx. The volume of spot trading sometimes tops No.1 and its token’s ecosystem is really great. But its derivatives trading is not stable enough. And hacker problems seem happened a lot in Binance, so I transfer all of my assets last year.
Square Cash —
This is another mobile app where you can buy and sell Bitcoin. The Cash app comes from Square, the company that makes those mobile credit card readers. Square is a huge financial technology company that includes many other services. Bitcoin is just a small piece of what they do. But with no fees, the price is right.
Is Bitcoin a good investment or is there another alt-coin that would be a better value?
First of all, you must understand that you cannot invest in Bitcoin.
Bitcoin is not a company available on the stock market.
You can just buy Bitcoin.
Buying Bitcoin in 2020 has become a necessity to protect yourself from the great monetary inflation we are experiencing. The great value of Bitcoin today is that it allows you to preserve your wealth in a way that is resistant to censorship.
The economic crisis of 2020 shows us that we will increasingly need such a reserve of value in the years to come.
For me, Bitcoin is the great opportunity in the midst of the economic crisis of 2020.
Buying even 0.1 BTC is pure pragmatism in 2020.
As for other cryptocurrencies, there is no other currency at the moment that can hope to be more useful than Bitcoin in the years to come.
Some will tell you that they are, but the future will prove them wrong.
It is up to you to decide what is best for you.