Which is most appropriate crypto currency exchange for you and Bitcoin trading
From the Telegram group so big thanks from this person:
I honestly don’t think there is such thing as a ‘best exchange’ at the moment, which is why most people I know in crypto have accounts with multiple exchanges (I have around 10 in total). Even the good ones have their flaws:
Coinbase/GDAX: I still think it is a safe bet in terms of their trustworthiness (backed by a huge company, tightly regulated in the US etc), but they only allow you to trade BTC, ETH, LTC, BCH and one or two fiat currencies depending on where you live.
Bitfinex: has a great platform and great trading conditions (high liquidity, good margin requirements etc), but as you know, there are some lingering question marks about some of their activities. For what it’s worth, I do have an account with them and I don’t think they are in the business of robbing their clients. If it weren’t for some of the bad stories coming out of Bitfinex, I would probably use them as my main exchange.
Bithumb: forget about it unless you live in South Korea; they only allow trading against KRW and is essentially useless for the rest of the world.
Bittrex: very liquid and a great selection of pairs–I have used Bittrex for most of my altcoin purchases in the past year. However, the trading fees are quite high, and the platform has been struggling to cope with the influx of new users (although, this is true for the vast majority of exchanges).
Binance: great selection of pairs again (they seem to be listing new coins much faster than Bittrex). As such, I now use Binance for a lot of my altcoin purchases. However, I’m not keen on the platform at all (it just feels really unprofessional), and one really irritating thing is that it only allows you to buy/sell cheaper altcoins in integer amounts.
Poloniex: there have also been some bad stories coming out of Poloniex, but I’ve never had a problem with them. My view of Poloniex is that everything is mediocre; mediocre selection of pairs, mediocre interface, mediocre everything. I don’t use it very often nowadays.
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