Pros and cons of different crypto exchanges for Bitcoin cash

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Avatar for uzro.47V
2 years ago

As you consider how to invest in Bitcoin Cash, remember that the best investments are diversified investments. Diversifying your crypto portfolio minimizes the risk of serious losses. Here the over look regarding different exchange options are given with pros an cons:

eToro – Best Broker to Buy Bitcoin Cash with Low Fees

Pros

  • Buy Bitcoin Cash and eToro will hold it for you

  • Free eToro Money crypto wallet and smartphone app

  • 23m verified users

  • Comprehensive regulation

  • 55+ crypto assets

  • Smart Portfolios and Copy Trader

Cons

  • $5 flat withdrawal fee (suits larger investments)

  • Ticket help service but no telephone help service

Crypto.com – Reputable Crypto Exchange with Beginner-Friendly Mobile App

Like eToro, Crypto.com offers state-of-the-art security as well as a crypto wallet and free smartphone app (rated 4.3/5 on the App Store and 3.7/5 on Google Play).

Pros

  • Buy BCH with credit card instantly

  • 100% of client crypto held in ‘cold’ storage ie. offline

  • Trade over 250 crypto

  • Powerful crypto financing options

  • Margin trading and futures (experts only!)

  • Sign-up/referral bonus

Cons

  • 2.99% card fee (but watch out for discounts)

  • eToro are clearer about fees generally

Coinbase – Popular Cryptocurrency Exchange with Huge Asset Portfolio

Coinbase is a comfortable choice for US investors in particular.

Pros

  • Joining bonus/referral

  • Upgrade to Coinbase Pro for cheaper fees

  • Well-reviewed smartphone app

  • Free Coinbase crypto wallet

  • Range of 159+ crypto to trade

  • Use PayPal to buy Bitcoin Cash

  • Free crypto incentives

Cons

  • Fee structure can be a little opaque

  • Recently withdrawn credit card service

Binance – Giant Exchange to Buy Bitcoin Cash

Pros

  • Sign-up/referral bonus

  • Just 0.1% fees on exchange trading (and less if you own in-house crypto BNB)

  • Numerous ways to buy Bitcoin Cash

  • Free Binance Trust crypto wallet

  • 24/7 customer service

  • Crypto derivatives available in some countries

Cons

  • Unregulated by financial authorities

  • Complete beginners might prefer the simplicity of eToro

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