The fees for trading are 0.23% for the Taker and 0.15% for the Maker. The company appears highly capable and experienced, which is key if you want to make secure trades with your coins. It’s one of the first exchanges to allow Ethereum trading and it has an excellent track record with withdrawals – all transactions are processed immediately and you’re not waiting at the mercy of the backlogs. Launched in 2013, CEX is a London-based exchange that’s been around for some time now. But swapping USD and other fiat currencies to crypto within the platform is completely free, so is sending and receiving. It currently operates legally in many countries, like most of the US, UK, Germany, Italy, France, Singapore, Japan, and many others.Īs for the fees, it is like other exchanges when it comes to credit and debit card purchases, from 2.99% to 3.99%. It also offers loans of up to 50% of the amount you have within the platform. As mentioned, it offers a lot of features for its millions of users, like the ability to earn through staking, as a payment gateway for merchants, and metal Visa cards. The platform will allow users to buy, exchange and spend cryptocurrencies with real-time crypto-to-crypto conversion, crypto Visa card, and payment services for merchants.Ĭ was founded in 2016 in Hong Kong. Ĭ is a huge cryptocurrency trading platform that boasts itself as an all-in-one ecosystem for payments and trading. In the following, you can read about some of the best cryptocurrency exchange platforms along with the features that they offer. So considering other cryptocurrency exchange platforms might be a smart move. In any case, for Binance users around the world, it’s a huge plight. Can you easily transfer cryptocurrency onto the platform for trading? How difficult is it to withdraw your profits into fiat currency or cryptocurrencies that can be traded on other exchanges?Īlso, perhaps the most important one would be is the country you are residing in friendly to the platform? Because if you don’t consider this option, you can find yourself and your money stranded. If your potential exchange does not meet these standards, then it would be considered a massive red flag.Īnother major consideration is the ease of use. The first and most important thing to consider as a marketplace customer is to look at their security policy.Īre they keeping 90% of their funds in cold storage, which means offline? Do they have insurance on the funds stored within the exchange (yes, some places do this)? Has there been any recent security issue in their infrastructure that enabled hackers to run away with the money? So, if not Binance, which crypto marketplace should I use? And they are now left stranded, looking for the next place to call home. However, it’s still not enough for most countries like Japan, Singapore, Malaysia, and some parts of the US (for Binance US, like Hawaii, Idaho, New York, Texas, etc.).Īnd so, Binance withdrew from these places for the time being, which resulted in a mass exodus of customers. It ensures that transactions are not being used for money laundering and terrorist financing.Īs a response to this, Binance has updated its KYC policy. Well, it’s because compared to other exchanges, Binance has a very lax policy when it comes to KYC (Know Your Customer). Read more Why is Binance suddenly not available in many countries?īinance is currently one of the largest cryptocurrency exchange platforms with $40 billion in daily trading volume. In the recent years, Bitcoin has catapulted into popularity all over the world. 10 Trusted Bitcoin Exchanges to Buy BTCs Safely
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