All of us has an idea on what is an exchanger is. It is where we exchange our coins and our tokens to a different one. There are a lot of exchangers out there. But not all of them are legit. You should be careful on choosing what exchanger to use.
So I made a list of my trusted exchangers:
1. Coinbase
The most widely known and used cryptocurrency exchange in the United States is Coinbase. COINBASE was founded in 2012, not very long after the release of Bitcoin’s code in 2009, and is a fully regulated and licensed cryptocurrency exchange. Coinbase currently has licenses to operate in over 40 U.S. states and territories.
ProsCons
Solid variety of altcoin choices
Extremely simple user interface
Very high liquidity
High fees when not using Coinbase Pro
User does not control wallet keys
Fewer altcoin trading options than some other exchanges
Fees: Between $0.99 and $2.99 depending on the dollar value of the purchase.
Source: Investopedia
2. Binance
The BINANCE exchange is an exchange founded in 2017 with a strong focus on altcoin trading. Binance offers over 100 different trading pairs between different cryptocurrencies. It does offer some fiat-crypto pairs, but most of its pairs are between cryptocurrencies.
ProsCons
Lower fees than other commonly used exchanges
Large variety of cryptocurrencies and trading pairs
More advanced charting
Geared for more advanced users
Binance US has fewer trading pairs than its international counterpart, though it still has over 100 trading pairs
13 U.S. states, like New York, are not supported by Binance US
Fees: 0.1% for the taker side and 0.1% for the maker side. This scales down with trade volume to 0.02% for both sides of the trade. Using Binance’s native cryptocurrency, BNB, lowers fees by 25%.
Source: Investopedia
3. Bisq
The premise of Bitcoin itself is that it grants open and free access to a unit of account. Banking products, like a checking or savings account, are only accessible if you have a legally provable government-issued identification. With Bitcoin, this isn’t necessary. It can be accessed regardless of nationality or location, and without any identification.
ProsCons
Decentralized, non-KYC platform
26 different payment options, including Zelle
Mobile app for both Android and iOS
Transaction speed can be slow, depending on payment method
Trading volumes can be low
Not designed for active trading
Fees: Trading fees are payable in BTC or BSQ (the network’s native cryptocurrency). When paying for the fees using Bitcoin, the cost to trade one Bitcoin is 0.10% on the maker side and 0.70% on the taker side. When paying the fees in BSQ, the fee to trade one Bitcoin is 0.05% on the maker side and 0.35% on the taker side.
Source: Investopedia
Its up to your whether you will try this exchangers or not. But I am just gonna remind of you that you always need to check for reviews if you will use an exchanger for the first time.
You can check my READ.CASH account here: read.cash
