There are many great exchanges out there but for each decent one there are multiple horrible ones. Below I have compiled a list of exchanges I have actually opened accounts, deposited, withdrawn, and been pleased (or displeased) with the site.
This is a composite review of features I have found beneficial, detrimental, appealing, or problematic with five different exchanges (click exchange name to sign up):BinanceBibox (#1 Exchange for SNOV)Cryptopia (Great for Smaller Cap Cryptos)Coinbase/GDAXBittrex (must email to request sign up)Binance:(My Personal Favorite)Binance has recently moved into first or second place (depending on the day) of total volume on any given cryptocurrency exchange. For an exchange that only started operation in 2017 they have managed to overtake the entire competition in under 365 days.
Binance has a significant number of trading pairs for BTC, ETH, USDT, and BNB.The BNB token is the token of the Binance exchange and one of the reasons it is a favorite place to trade for many traders. Binance has fees that are fairly low for the industry starting at .1%.
However, if you hold the BNB token and enable it for fees that .1% is reduced to .05%. To compare that to Bittrex; Bittrex has a .25% trading fee.
That means each trade on Bittrex is 250% more expensive to execute on both ends. This .15% adds up very significantly over time (and with each additional trade).Trading on Binance while owning the BNB token reduces the fee from Bittrex’s .25% to .05%. Read more from hackernoon.com…
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