The best investment opportunity right now is in Cryptocurrencies. Yes, read that right, because if you just search bitcoin on the internet, you will see massive growth in its value. If you also want to buy Bitcoin or any other cryptocurrencies you will need a good Crypto exchange. In this article, we have compared three popular crypto exchanges to help you choose the one suitable for you.
1) App Interface/ User Experience/ Popularity/
Even though Binance is quite popular right now, its UI experience is as easy as Coinbase, Bitfinex on the other hand is complicated for new users.
2) Deposit options/ Trade Fees
If You only plan to be a short-term trader, then we suggest that you use Binance as it provides trading options with the lowest fees. As a long-term trader, you can choose Binance and Coinbase. You must also be wondering does withdrawal limit on Bitfinex is really $10000. Actually, For withdrawing funds in Government backed currency you need a minimum of $10000. However, as Crypto withdrawal is $5 you can transfer them from Bitfinex to other Exchanges.
3) Volume/ Pairs/ Coins
Binance overseas maximum trading volume, as it has maximum with most available coins. For a Diverse Portfolio, you can use Binance or Bitfinex. Coinbase has fewer trading pairs due to its Strict policy, it lists coins after a complete background check on them.
4) Security concern and cons of platform
After the comparison of all the three exchanges, we suggest that you should go for Coinbase for the easiest experience. It also complies with all the government rules and regulations. Your assets with them are the safest possible option. If you want to trade with multiple cryptocurrencies then Binance. At last, if you know your trading stories then go for Bitfinex.
Also read : Comparison Between Top Indian Crypto Exchanges, WazirX vs CoinDCX vs Bitbns
