Which crypto exchange to use?

Discussion in 'Crypto Forum' started by hawktrading, Jan 29, 2021.

  1. hawktrading

    hawktrading New Member

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    Any recommendations on which crypto exchange platform is good to use and buy crypto with?
    Coinbase has quite high fees and their service oftentimes seems...lacking.
     
  2. StockJock-e

    StockJock-e Brew Master
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    Perhaps, but also coinbase is not going to disappear one day with everybodys wallets.
     
  3. emmett kelly

    emmett kelly Well-Known Member

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    if you are looking for a cheap way to play crypto try this stock. its movement mirrors crypto's movement.

    upload_2021-1-30_8-6-8.png
     
  4. IMJ

    IMJ Member

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    Coinbase is prolific and houses a big community for the main cryptos. Nothing wrong with trading there.

    Paypal was great if you were on the early invite to buy - October, November and December because they weren't charging fees. Now their fees are outlandish. However the trade off will be that Paypal is granting utility to all three cryptos. Paypal crypto will be huge on personal "garage sales" soon.

    Binance is a great platform but has been suffering slow user integration across the last two months. It might take forever to get approved there. They also encourage their own coin as a utility for buying others, which saves on fees but increases complication of usage.

    Robinhood allows no-fee trading. But it's Robinhood. You don't want to go down in history marked with the "robinhood investor" stigma because it's become a catch phrase. Especially given what has happened with their credibility over the last week.

    I'm very eager to see if Fidelity or Charles Schwabb will enable crypto trading at some point.
     
  5. r.b.stanley

    r.b.stanley New Member

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    Basically I use different exchanges based on what I want to do:
    • eToro/Robinhood are convenient for day trading with low fees and margins (pretty much made for mobile)
    • Coinbase Pro has all the extra bells and whistles you're missing on Coinbase, and margin trading can reduce your costs if you play your cards right
    • Binance US and Kraken have a larger range of altcoins than many others in the US
    • Something like Coinmama for all around generic trades, high limits, etc.
    I tend to use comparison sites to vet exchanges for me, then do my own research after to make sure they aren't shilling any sh*tty products.
     
  6. IMJ

    IMJ Member

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    Anyone else receive a DNS error on BlockFi today?
     
    Alex Marco likes this.
  7. unitedtraders

    unitedtraders New Member

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    Has anyone heard about PI?
     
  8. Noel

    Noel New Member

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    Its safe to say Binance and Kraken are 2 of the best exchanges right now :)
     
  9. Stockman2015

    Stockman2015 Member

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    Binance is my top choice if you're outside of the U.S. I like their P2P feature and how I can kinda track my portfolio analytics. In terms of the analytics side, it's not as detailed as how I want it to be but it's okay, it's not the main feature of Binance anyways.

    But a stock company - BTCS is making a data analytics platform that will allow you to link multiple exchanges (Gemini, etc.) at the same time. Happy to see stock companies and crypto getting together already.
     
  10. ddebrazza

    ddebrazza Active Member

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    I will be checking out Binance and provide my reviews. It is kind of funny that when you search for Binance, the first result is actually Coinbase. Binance is the 2nd result. Shame M1 Finance does not have crypto yet, I have heard good things about them.

    Robinhood- The Pro is the no-fee trading. The Con's are the limited options, basically just BTC and ETH are supported at this point and they provide no wallet or method to actually transfer any of your cryptocurrencies.

    Coinbase- The Pro is maybe convience and ease of use? Con's include the high cost to perform transactions and lack of display and custom dashboard options.
     
  11. ddebrazza

    ddebrazza Active Member

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    https://freebitco.in/?r=45939198

    For Free Bitcoin, This site I have been using for a little while is pretty dope. Figured I would share. This is not some scam or advertisement. I am in no way affiliated with this site other than I found out about it and have enjoyed using it.

    In a nutshell, each hour you get the Free bitcoin deposit, 2 lotto tickets, and 2 Reward Points. For absolutely free. You pay nothing. You click the button at the bottom of the screen that says "Roll Dice" and done.

    You can save your bitcoin and do nothing, just keep letting it stack up over time or you can use it to engage in a few services they offer; Sports Betting, Poker, Hi-Low Dice game, a Weekly Lottery Drawing.

    They do a few other neat things like let you earn interest on your Bitcoin once you hold a certain amount in your wallet. (They provide you a wallet or you can enter you own existing wallet address for payouts and deposits)
     
  12. ddebrazza

    ddebrazza Active Member

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    Cryptoasset is a more accurate term.

    BitCoin, etc have been determined to be property, not currency.
     
  13. Stockman2015

    Stockman2015 Member

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    Binance is good for me if you're not from the US. A stock that you might wanna take a look at is $BTCS. They're huge into staking ETH and JP Morgan just released a report of them being bullish on staking as well.
     
  14. ddebrazza

    ddebrazza Active Member

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    Disappointing that Binance doesnt work for the U.S because Coinbase and all their fees are ridiculous. I will not support Coinbase any more. I will find another way if I am interested in adding crypto
     
  15. renegadelook

    renegadelook Member

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    I use Binance and Coinbase
     
  16. Bridget Mallory

    Bridget Mallory Active Member

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    Coinbase is the top choice for most U.S crypto investors, it is also extremely easy to use
     
  17. Liselelal

    Liselelal New Member

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    I am using Coinbase of the United States. I rarely crypto exchange. Sincerely, I have done it once when I exchange some Litecoin for Bitcoin. I bought Litecoin, but I understood that few places accept Litecoins as a payment method, and I understood that it is better to transform it into Bitcoin. First of all, it has considerably more advantages. Most important for me is making all my Bitcoin transactions anonymous by using the bitcoin tumbler from mycryptomixer.com so that none can track my transactions.
     
    #17 Liselelal, Sep 11, 2021
    Last edited: Sep 15, 2021
  18. Stonksalltheway

    Stonksalltheway New Member

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    Coinbase, gate, FTX, Kucoin and Binance.

    Waiting for $BTCS Analytics so I can just use one platform to consolidate all my portfolio from these different exchanges
     
  19. ddebrazza

    ddebrazza Active Member

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    Robinhood for buying/trading BitCoin, Ethereum, or Doge. They have no fees but they currently only offer these 3 Crypto Assets.

    Otherwise I use CoinBase. They currently allow Staking ETH into ETH2.0 at 4.5% Interest Rate. Ive found Staking in ETH2.0 to be significantly better than any traditional bank savings account. The only con really of CoinBase is their fees which make day trading or quick flipping unprofitable but if you hold long-term their fees dont have a big an impact.
     
  20. sarahdurden

    sarahdurden New Member

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    I’ve used a few. Coinbase and Blockchain predominantly. Although as others have noted, there are cheaper options out there if you’re day trading.
     

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