as crypto prices have been absolutely crazy the last couple of months and new people start trading and investing in these money-printing machines.
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| Forbes.com |
you might be wondering what is the best crypto exchange that you can use today with the lowest phase and best interface.
so that you can also make a lot of money well my friend you have come to the right place where we will take a look at the top three crypto exchanges out there and determine which one is the best for you.
BEST CRYPTO TRADING PLATFORM (BINANCE VS COINBASE VS KRAKEN)
now because I don't want to bombard you with unnecessary information that you will forget in the next hour I will give you a curated comprehensive list and side-by-side comparison for specific topics
# Binance About
let's begin binas was founded in 2017 and it is currently the largest cryptocurrency exchange in the world in terms of daily trading volume with over 500 coins currently available to purchase.
also supports 15 fiat currencies it's amazing how much they have managed to accomplish in just four years tim.
#Coinbase About
moving on to coinbase it was founded in 2012 and offers 107 cryptocurrencies on its regular platform and more than 250 on coinbase pro.
which is a fancy way of saying you're trading crypto with advanced charting tools and have gone through a more thorough verification process.
however coinbase only supports three fiat currencies which are the united states dollar the euro and the british pound.
# Kraken About
lastly kraken was founded in 2011 currently supports 90 coins and accepts seven fiat currencies is one of the Best Crypto Trading Platform.
now before i get into the fees section of this video i will only mention the fees for coinbase pro and kraken pro for those two exchanges because the fees on the regular platform are not worth it.
since they charge you a lot more for pretty much everything if you're not a pro user so if you're considering either of those two platforms just follow some extra steps and get verified for their pro platform it's free and doesn't have any pre-requirements.
# Binance Fees
now finance is still on the lead with just 0.10 trading fees if you're trading less than 50 bitcoin per month and if you're trading more the fees get even smaller based on your vip tier list.
furthermore binance offers zero fees when it comes to direct bank transfer deposit and for withdrawals they charge you a really small amount or percentage depending on the currency.
it also charges a small fee when it comes to a credit or debit card deposit and i will put all the links below in the description by which you can check the phase depending on your currency.
# Coinbase Fees
moving on to coinbase which is on of the Best Crypto Trading Platform out there is a fee structure starting with a zero point fifty percent fee.
if your trading volume is under ten thousand dollars and just like binance it gets lower depending on your tier however compared to what binance has it still is a lot taking into consideration that the deposit fee for a wire transfer is ten dollars for a withdrawal is 25.
if you're in the european union both of those fees are only 15 cents and for my uk friends out there the deposit fee is actually zero and the withdrawal fee is one pound.
# Kraken Fees
finally Kraken fees start with zero point sixteen percent when you put a limit order and zero point twenty six percent when you create a market order.
if your trading volume is under fifty thousand dollars by which you guessed it the fees get lower when your trading volume gets higher.
so what about deposit and withdrawal fees well here is where things get a little bit complicated since they have multiple rates by which they charge you depending on your currency and way of deposit or withdrawal.
so I will just put the link in the description for you to check later.
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Best Crypto Trading Platform Interface
now moving on to Best Crypto Trading Platform interface oh and by the way i'm not going to get into the full detail on how to use binance everything they have to offer or coinbase or kraken.
there are many videos on youtube explaining just that so i will leave it to them and for now we're just going to focus on the simple stuff which is how to buy and sell crypto.
then you're going to determine which one is the best for you which one you like and i know that especially binauts might seem a little bit confusing.
it's actually quite simple the moment you understand it in my opinion it's one of the best interface that i have found currently.
it has a huge advantage over the other two exchanges so stay tuned to see what that advantage is in just a moment.
# Binance Interface
so this is exactly what you will see the moment you open up binance Best Crypto Trading Platform and what we want to do is go on the top left corner on classic.
which is the easiest interface to use and they also as you can see have a few tutorials on selecting a pair and it's like honestly the moment you open it up you'll get it instantly.
since as you can see they have so many pop-ups that guide you on the interface and so this is basically the bitcoin usd chart.
at the bottom here where it says spot which means for your spot wallet you simply have limit market stop limit orders and also an oco which is one console the other.
so the easiest way to buy bitcoin or any crypto in this case is simply put in the price and for example bitcoin right now.
it's trading at fifty eight thousand two hundred dollars and let's say we want to get in at 58 000 we put in 58 000 and on the amount.
if you slide this you can simply invest a percentage of your overall portfolio or what i like to do is simply put in a total which i usually know how much money i want to invest.
# Coinbase Interface
now moving on to coinbase Best Crypto Trading Platform this is actually their coinbase pro platform and if you type in google coinbase you're going to see the regular platform.
if you want to use the coinbase pro you have to type in coinbase pro and the url as you can see at the top right here says pro.coinbase.com instead of just coinbase.com.
now as you can see coinbase looks kind of similar to binance but in my opinion still binance is a lot more clean in terms of what they present to you and also the chart like can you actually do technical analysis here.
i mean no and they claim this is advanced charting tools or whatever anyway what you should find out is how to buy crypto.
so you do that by going on the left side of the screen clicking on buy market or limit order it's the same thing with finance salt the same thing and if you want to deposit or withdraw money.
you do it here and if you want to change the cryptocurrency pair you simply click here choose the one you want and basically that's it.
# Kraken Interface
finally kraken as you can probably tell is really different from coinbase and binance because they don't have a chart their interface is extremely simple and even if you go to advanced it just gives you more options and that's it.
if you just want to buy you click on buy and then here you change it to euro and it says amount of euro to spend let's say again you put a thousand bitcoin limit price limit order and that's it.
# Interface Conclusion
so in my opinion out of kraken coinbase and Binance has the best interface by far the features they provide you and also i highly recommend that whichever exchange you choose to use in the end.
just watch youtube videos on how to use it properly and take full advantage of every feature they have to offer but in my opinion binance is the best so far.
# Best Crypto Trading Platform Security
when it comes to Best Crypto Trading Platform security both exchanges are really secure and offer very similar features which in my opinion are not the determining factor.
when making your choice since i would always recommend to store your crypto in a hardware wallet and keep on the exchange only the crypto and money you wish to trade on a day-to-day basis.
# My final Conclusion
so my final thoughts are that binance is by far the best exchange for trading crypto on a day-to-day basis as well as regularly buying crypto and setting it to a hardware wallet.
What you think about our Binance VS Coinbase VS Kraken - Best Crypto Trading Platform comparison, let us know.