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
     
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  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.
     
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  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?
     
  7. Heena khan

    Heena khan Member

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    Coinbase is best known for its easy to use website and crypto trading platform, Coinbase Pro. Coinbase supports 14 different cryptocurrencies for trading, including Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), among others.
     
  8. unitedtraders

    unitedtraders New Member

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    Has anyone heard about PI?
     
  9. Noel

    Noel New Member

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    Its safe to say Binance and Kraken are 2 of the best exchanges right now :)
     
  10. Heena khan

    Heena khan Member

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    Best Crypto Exchanges For 2021
    • Best Crypto Exchanges.
    • Binance.US — Best Overall Crypto Exchange.
    • Coinbase — Best Crypto Exchange for Beginners.
    • Binance.US — Best Crypto Exchange for Crypto Enthusiasts.
    • Best of the Rest.
    • Kraken.
    • Crypto.com.
    • Gemini.
     
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  11. Stockman2015

    Stockman2015 New 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.
     
  12. Heena khan

    Heena khan Member

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    Binance is an online exchange where users could trade cryptocurrencies. They support lots of the most commonly traded cryptocurrencies. Binance also provides a crypto wallet for its traders, where they would be able to store their electronic funds. Hence, yes Binance is my top choice too.
     
  13. 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.
     
  14. miradas

    miradas New Member

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    I have some tips how to do this via online games http://casino7star.in/leovegas-payment/. Some online poker sites offer free games to players as a sort of promotion. These free games, however, may not actually be free at all. Players who are paying to play online poker at any online poker sites stand to lose money if they lose a specific game. This is because of how rake (a portion of each winning hand) is added to the pot to pay for the expenses of the game.
     
    #14 miradas, Jun 24, 2021
    Last edited: Jun 25, 2021
  15. Heena khan

    Heena khan Member

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    Thanks, but we are discussing about Cryptocurrency, if you have any insight regarding the same do share it with us.
     
  16. 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)
     
  17. Heena khan

    Heena khan Member

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    Cryptocurrency is considered to be the type of digital currency that generally would be only existing electronically. There would be no physical coin or bill unless you utilize a service that allows you to cash in cryptocurrency for a physical token.
     
  18. ddebrazza

    ddebrazza Active Member

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    Cryptoasset is a more accurate term.

    BitCoin, etc have been determined to be property, not currency.
     
  19. Heena khan

    Heena khan Member

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    I believe in trading with Forex and I am happy with it.
     
  20. Stockman2015

    Stockman2015 New 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.
     

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