Hello everyone
A while ago I did some research to find the best exchange available. At least the one that suited me best. And rather than keeping the results of my research in a hidden folder at the bottom of my hard drive, I told myself that I was going to share it with you. Because I would also have liked to find this kind of summary. In a spirit of simplicity the costs displayed below are the basic costs. If you have a large volume of trading or you pay your fees with the house token, or you stack a certain amount of this token, you can get discounts. To find out, go to the website of each exchange. But to put it simply, let's assume that you are not going to trade $ 50,000 in 30 days and that you do not want to have $ 500 from the house token.
The number of currencies indicates the number of tokens available on the exchange. And the number of pairs is as the name suggests the number of pairs ^^ example: there are BTC, ETH, CRO and EOS. So we have 4 currencies. And if you can trade BTC / ETH, ETH / EOS and CRO / ETH, there are 3 pairs. Not all exchanges are represented here. I only compared the exchanges with the highest volumes and the best known. To see the volumes of the exchanges you can use Gecko coin.
As you can see there are still big differences in terms of fees depending on the exchanges. Some are really important and do not even have the consideration of offering a larger number of pairs. It can however be interesting to use them according to your needs and additional uses. Example: the exchange of crypto.com has fees which seems high. But if you use the app and you've already bought and stacked CROs, then the costs go down a lot. And the switch from app to exchange is free and in 1 click. I don't use coinbase, but it's probably the same principle. These platforms are more than just exchanges. It can therefore be interesting to use these exchanges if you are already using other offers on these platforms. At a glance you can see that Binance, Polinex and Kucoin seem to be very good alternatives. They offer both low fees and a large number of coins and pairs. If your loved ones already use Binance or Kucoin they can sponsor you and you will get a discount on your costs. If you wish to use Binance you can benefit from a 10% discount on your costs by using the banner below which will charge you 0.09 / 0.09 , using this link.
If you believe and want to invest in a particular exchange, paying your fees with the house token or stacking them can give you very significant discounts. It may be worth doing some in-depth research on this if you want to trade larger volumes. Exchanges are becoming more and more diverse, often offering contests or promotions for crypto acquisition. More than a simple exchange, you can now benefit from a truly complete and diversified platform.
example: Crypto.com organize syndicates every 15 days to buy 50% token. Binance also organizes many events. I will finish by saying not only to stop at the expense for the choice of an exchange. Simplicity is also an important factor if you just want to try or trade from time to time. An exchange offering many options will on the contrary be more complicated to handle at the start but will allow you to evolve more easily. It’s a personal choice. But there is something for everyone. Feel free to share your opinions in the comments as always
