Browsing through crypto exchanges is akin to going for a food festival You’ve got the chain fast food sellers that meets every criteria of reliability and the hidden gem food truck serving unique and genuine concoctions -if only you know where to find them. Everybody looks for convenience where crypto trading is concerned. But where should you think to park your digital money?
Binance usually tops the leaderboard more often than the others; a reason being bigness does matter but more so because of the array of coins it offers as well as its low trading fees. The favorite token which everyone can’t stop talking about? You can find it here. But due to sheer number of acronyms & buzzwords,or or whatever else — it’s like being in an infinite candy store. A thought can give you a headache.
When you first start out, Coinbase is the first word that comes out of your mouth. With basic instructions on how to start off with trading newbies. It is as streamlined as a 3-ingredient recipe. Watch for the hidden costs though; not very different from being marveled by the ice cream sellers who do not charge for wheat but has to charge extra for chocolate chips.
Uniswap is for those who live and breathe the mantra of decentralization and is almost like finding a treasure chest. This is all about direct transactions p2p without any other forms of middlemen. Say like walking into a small token exchange made by and for the community. Now, proceeds with caution less safety net- and then Kraken.
Kraken feels like the trustworthy elder child if you are a experienced trader. And is something like that extraordinarily outfitted fitness rabid creature. Dependable and offering a hint of the thrill with their margin trading. Think of it as security guard at the gates.
Anyone tried KuCoin? That underground band only few people have heard of. There’s a decent variety of coins and fees are competitive- It is a win win. But getting help in a flash from those guys feels like trying to punch the weather in a drought.