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Cryptocurrency Exchanges

Gemini

Pros

+ Extremely secure and compliant
+ Free fiat withdrawals and ten free crypto withdrawals per month
+ User-friendly interface
+ Licensed and regulated by NYSDFS
+ Interest-Earning without staking up to 8.05% APY

Cons

- Some bigger cryptocurrencies are not supported
- No Futures or Margin Trading
- Some trades can go as high in fees as 0.5%.

BlockFi

Pros

  • monthly compounded interest
  • very flexible on the length of crypto-backed loans
  • no credit score check
  • Phone support

Cons

  • limited crypto assets on the platform
  • slow withdrawal times
  • Fee structure is not transparent

Nexo

Pro

  • Many cryptos and Fiat currencies available
  • Fiat interest account
  • High rates on interest accounts
  • no credit score check
  • Daily compounding interest
  • Flexible lock-in period

Cons

  • best rates for loyalty program members
  • Fee structure is not transparent

FTX

Pro

+ Solid platform for experienced traders
+ Very Competitive fees
+ Huge selection of cryptocurrencies / futures
+ NFT platform
+ Debit Card (the US only)

Cons

- US platform is much more limited
- some major currencies not supported

Kraken

Pro

+ stable regulatory compliance
+ margin and futures
+ well established and trustworthy
+ great security

Cons

- Verification  can take some time

Bybit

Pros

+ Low Fees
+ up to 100 x leverage

Cons

- no fiat deposit/withdrawal
- not available in us
- the company has no long real track record

Coinbase

✔ Pros:

+ User-friendly and simple user interface
+ Diverse and consistently updated choice of coins
+ Advanced trading platform available
+ High liquidity and strong capitalization
+ Supports all major payment methods

✘ Cons:

- High per-transaction fees up to $2.99 per trade
- 0.50% spread built into most asset prices
- Not possible to buy NFTs or Derivatives

Crypto.com App

✔ Pros:

  • Metal Visa Debit card with cashback rewards
  • Interests on crypto holdings
  • Competitive fees
  • Crypto Pay, Wallet, NFTs

✘ Cons:

  • Slow customer support
  • Best rates require staking CRO
  • Lockup period for Earn

Crypto.com Exchange

Binance.com

Pros:


+ Largest crypto exchange in the world based on trade volume
+ Extremely low fees of 0.1% (further discountable)
+ Mobile app available for iOS and Android
+ Over 350 cryptocurrencies are available
+ Additional features such as staking, NFT marketplace, margin trading, futures trading

Cons:

- Not available in the USA (US residents need to use Binance.US)
- Slower customer service - lacks live chat support

KuCoin

Pros:

+ Large crypto exchange with over 10 million users worldwide
+ Extremely low fees of 0.1% with a further 20% discount if you pay with KCS
+ Mobile app available for iOS and Android
+ Around 600 Coins are available
+ Additional features such as crypto lending, free trading bots, margin trading, futures trading

Cons:

- Cannot withdraw fiat currencies