ππ SUMMARY OF TOP EXCHANGES BASED ON REPUTATION AND TRADING VOLUME ππ
Currently on the Crypto market, exchanges are sprouting like mushrooms, With more than 400 exchanges around the world, Traders will find reputable exchanges and have the largest total crypto market capitalization. If you participate in the Crypto market, it is impossible not to know the following exchanges. Personally, I am currently using all these exchanges to facilitate trading and trading. In this article, I will analyze the pros and cons of the top exchanges:
1. #Binance platform: https://accounts.binance.com/vi/register?ref=C44FIC0D Binance is a cryptocurrency (cryptocurrency/cryptocurrency) exchange established in 2017 by Changpeng Zhao (aka CZ). Currently, Binance is the world's largest cryptocurrency exchange in terms of trading volume with over 1000 trading pairs. β
Advantages * Same on popular platforms like phones, tablets, laptops * Easy-to-use and convenient interface helps increase user computing experience * Supporting more than 1000 trading pairs of many token types, Binance's ecosystem is extremely large * There is no fee for depositing money * High number of users should have high account calculation * The largest trading volume on the market, private investors can buy cryptocurrencies at any time of the day * Fast transactions, order processing speed with a volume of 1.4 million orders/second * Professional customer service and technical team, the system always ensures good operation and safety for investors * Diverse products such as futures, deposits, options,... * Provides security user restricted state hack (SAFU) π« Disadvantages β’ Sometimes the exchange is still a bit slow because of sudden increases in transactions, partly also influenced by the market β’ Make a part of the game so large that it can easily attract hackers.
2. #Okx platform: https://www.okx.com/join/5864237 Okx was founded in 2014 by the company OkCoin.com. When first established, Okx operated under the name OKCoin and was renamed Okex in May 2017, then continued to change its name to Okx and focus on development in the Asian market. Currently, Okx has expanded to serve users in more than 100 different countries. β
Advantages: * Okx is the top trading floor among the most reputable cryptocurrency exchanges in the world today thanks to its high level of security. Over many years of operation, this exchange has never had any serious attacks affecting the exchange. and have never encountered any fraudulent information. * A team of professional security experts and modern security technology, using cold wallets (offline wallets) to store investors' assets to avoid any risk of theft from hackers. * Fast transaction speed, almost instantaneous * High liquidity with large trading volume. * Relatively low transaction fees: Transaction fees on Okx are only about 0.1% for Makers and 0.15% for Traders. * Rich support staff: Okx supports users through many portals such as Telegram, Email, Tickets, directly via the website. π« Disadvantages * Few incentive programs for users compared to other exchanges
3. #Kucoin exchange: https://www.kucoin.com/r/rf/rPFAXTP Kucoin is a centralized exchange established in 2017 in Hong Kong, headquartered in Seychelle. Currently, this crypto exchange is supporting trading of more than 250 token pairs. The exchange's products form a full support ecosystem for ICO projects, traders, researchers and market participants including: Margin Trading, Derivatives, Spotlight, Staking, β¦ β
Advantages * Low transaction and withdrawal costs * Friendly interface suitable for all types of users * Own many popular altcoins * Ability to buy digital currency with fiat * Customers are not required to have KYC identification * Professional support team, online help via Email, Facebook, Live chat 24/7 π« Disadvantages Currently, I cannot find anything to criticize Kucoin, except that the identity verification process (KYC) is more difficult than other exchanges.
4. #Gate floor: https://www.gate.io/signup/VFdMA1tZ? Ref_type=103 Gate.io crypto exchange launched to users in 2013, it was originally called Bter.com. This is one of the oldest exchanges. Gate.io is under the management of Gate Technology Inc. based in the US. β
Advantages * Good security system, so investors' transactions take place safely * Supports a variety of different trading platforms * There are many attractive commission policies and offers * Beautiful, friendly interface, high experience * One of the reputable, long-standing and quality crypto exchanges π« Disadvantages * The support staff has not been professionally organized * Relatively high transaction fee of 0.2% * The identity verification process is more complicated than other exchanges
5. #Huobi floor: https://www.huobi.ug/vi-vi/v/register/double-invite/?invite_code=thuj9&name=&avatar=&inviter_id=11345710 Houbi exchange is a formidable competitor of Binance in Vietnam at the present time. This electronic trading platform was launched on May 15, 2013. This exchange is popular in many countries such as Japan, Korea, Hong Kong, Vietnam,... β
Advantages * Easy to use, friendly interface, increasing user experience * Compatible on both mobile and desktop platforms * It supports 772 trading pairs with over 287 cryptocurrencies * With huge trading volume, transactions have high liquidity * This crypto exchange has its own coin, Houbi Token, the value of this coin is also quite high * Fast transaction speed and powerful processing platform * When using Houbi Token, transaction costs will be reduced by 25%. * High security due to being developed with advanced anti-DDOS technology * Safe for investors because most customer assets are stored in offline wallets * Large trading volume * Professional support team, suitable for many countries (including Vietnam) π« Disadvantages * The fees of this crypto exchange are quite high (0.2%) * Houbi floor has many domain names, it makes many users confused when accessing the website * Manual confirmation is required, so withdrawing large amounts of money will take more time
6. #Bybit floor: https://partner.bybit.com/b/Bybitex Bybit was established in March 2018, headquartered in Singapore and registered in the British Virgin Islands (BVI). In addition to being headquartered in Singapore, they also have representative offices in Hong Kong and Taiwan. The markets they are focusing on are North America, Europe, Russia, Japan, Korea and Southeast Asia, including Vietnam. Despite just being established, Bybit has already become one of the fastest growing cryptocurrency exchanges, with over 3 million registered users. β
Advantages * Simplicity: Bybit exchange is simple from the interface to the way to participate. They focus on providing Crypto derivatives transactions. This gives them time to develop products to bring the best experience to users. Simple and intuitive interface. It is very easy for new traders to access the market. * 24/7 floor support team to ensure the fastest resolution of user problems. * Provide full API services for those who want to use 3rd party applications to transact. * There are regular Trading Competitions programs to encourage traders. * There is an Affiliate program specifically for those who want to earn Commission money. * The exchange does not require KYC to participate in transactions. * Low transaction fees. Taker Fee =0.0750%, Maker Fee =0.0250% * Bybit has a user-friendly mobile application, for both iOS and Android * The floor interface on the website already supports Vietnamese. π« Disadvantages * Trading products are not yet diverse, which is understandable because this exchange was just launched in 2018. Maybe in the near future they will add new trading pairs. * OTC trading is not supported yet.
7. #MEXC exchange: https://www.mexc.com/en-US/register?inviteCode=mexc-16sK1 MEXC is a cryptocurrency exchange headquartered in Singapore. Currently, this exchange operates quite strongly in Southeast Asian countries and Asia in general. With the ability to operate safely and effectively, this exchange is highly rated among current trading floors. β
Advantages: * Stable and safe with many users around the world. * Top liquidity with order matching performance of about 1 million orders/second. * Supports a variety of languages ββincluding Vietnamese. * List of many different cryptocurrencies and has the ability to update new coins very quickly, some coins have strong pump levels such as SHIB, RACA, PIG... * Diverse products such as: PoS pool, PUSH, Tutorial (spot trading, ETF trading), SpaceM, M-Day,... * Many incentive programs for users... π« Disadvantages * Sometimes there is still lag and data updates are quite slow * Because the exchange often lists new coins on the market, there are many junk coins and many bad rumors
8. #Coinbase exchange: https://www.coinbase.com/join/phm%20vn_r Founded in 2016, it was previously known as GDAX then in May 2018 changed its name to Coinbase Pro. Coinbase Pro is the leading exchange in the US and in European countries, owned by Coinbase Ltd, a company famous for its cryptocurrency wallet services and cryptocurrency exchange platforms such as Bitcoin, Ethereum, Litecoin.. In terms of trading volume, Coinbase is only behind Binance. However, in Vietnam, Coinbase does not yet support P2P or Fiat deposits and withdrawals in VND, so if you can only buy cryptocurrency in USD, EUR, etc. β
Advantages *Fiat money is accepted * Simple to use * Only the most trusted cryptocurrencies are accepted * Good security π« Disadvantages * Not available in all countries * High fees * Regulations are very strict * Deposit/withdrawal limit * There is no support for P2P or Fiat deposits and withdrawals in VND, so few people use it in Vietnam
β οΈAn important issue for ACE Newbie: ACE is very aware that when depositing, withdrawing, transferring coins must be on the same network (chain main) with each other, otherwise they will lose money unjustly (many people have this error). For example, when transferring USDT from Binance exchange to Kucoin exchange or vice versa, when making a money transfer order, there is a network selection step, if you choose the network on Binance exchange as BSC (BEP20), you must also copy the USDT address of the BSC network (BEP20) on the MXC exchange to paste into the money transfer order on the Binance exchange. If it's the first time you trade, you should be careful, trade with a small amount of money to avoid losing money because of silly mistakes and also to have experience for the next time.