kavins
Member
- PG Coin
- 3,208
1.Binance
The best and worst of Binance :
The best: it is probably the most popular cryptocurrency exchange in the world. It stands out for the large number of cryptocurrencies that it has available and has the largest commercial volume of exchange of these assets. Their purchase commissions are competitive (0.5% if purchased by transfer and 2% if by card). In addition, the Binance card stands out with which you can pay with cryptocurrencies in shops around the world and get cashback of up to 8%.
The worst: it is a platform with many options and perhaps it is not the most suitable for the most novice investors given the complexity of carrying out certain operations. However, its application allows you to activate the Lite version to simplify the interface and perform operations more comfortably.
2. Bitvavo
The best and worst of Bitvavo :
The best: it has more than 175 cryptocurrencies in its catalog. Their trading commissions are very low (from 0.03% to 0.25%). It is present in more than 27 European countries and has a very intuitive application and interface, ideal for beginners. In addition, it has a promotion with which you can trade with the first €1,000 without commissions and receive €10 free as a welcome.
The worst: its cryptocurrency catalog is smaller than that of some of its competitors, so you may not find some cryptocurrencies to invest from Bitvavo.
3.KuCoin
The best and worst of KuCoin :
The best: catalog of more than 700 cryptos. It is one of the best-known platforms in the market, it operates in more than 200 countries and has a high volume of trading operations. Their commissions are also competitive, 0.10% for makers and takers in spot trading.
The worst: as it is a platform of Chinese origin, it is difficult to obtain customer service in Spanish.
Exchange cryptocurrencies: what it is and types
A cryptocurrency exchange is an internet platform where it is possible to exchange fiat money (regular currencies such as euros or dollars) for digital assets (cryptocurrencies), as well as the exchange between cryptocurrencies.
A cryptocurrency exchange works much like asset exchange trading platforms. In addition to buying or selling cryptocurrency , it is generally possible to trade cryptocurrency pairs , or crypto/fiat pairs. blockchain software development company Trading in pairs is about selling one currency by acquiring another for its corresponding exchange value. Selling euros to buy dollars would be an operation of currency pairs, since two currencies are involved.
It is also possible to stake cryptocurrency on an exchange. This operation consists of leaving a certain amount of a certain cryptocurrency deposited in the blockchain for a pre-established time, when the time is up they will return the initial cryptocurrencies plus an extra in the form of a reward. It works in a similar way to a fixed-term deposit, saving distances of course.
centralized exchanges
A centralized exchange or CEX is the most common type. In these cases, the cryptocurrency platform acts as an intermediary between the users and the transactions they carry out . They maintain custody of the users' cryptocurrencies when they are on the platform (the user has the possibility of transferring them to an external wallet to safeguard their own assets), as well as all the information on the operations. They are subject to regulation and generally have higher fees than decentralized exchanges.
decentralized exchanges
Decentralized exchanges or DEXs are platforms in which there is no central figure that mediates or "manages" user operations . This implies several things: they are more complicated to manage, greater privacy for users since they are not regulated, their commissions are lower since there are no workers on the platform that increase operating costs, custody of the cryptocurrencies always belongs to the users (they are safe from possible bankruptcies) and there is also less liquidity and number of operations.
cryptocurrency brokers
Cryptocurrency brokers are centralized platforms. The main difference with respect to exchanges is that they usually operate with financial derivatives and do not maintain actual custody of the cryptocurrencies, that is, you buy an asset that simulates the behavior of Bitcoin but you do not really own it. Another significant difference is that in addition to cryptocurrencies they have other investment markets such as: stock market, foreign exchange market , investment in raw materials , ETFs , etc.
The best and worst of Binance :
The best: it is probably the most popular cryptocurrency exchange in the world. It stands out for the large number of cryptocurrencies that it has available and has the largest commercial volume of exchange of these assets. Their purchase commissions are competitive (0.5% if purchased by transfer and 2% if by card). In addition, the Binance card stands out with which you can pay with cryptocurrencies in shops around the world and get cashback of up to 8%.
The worst: it is a platform with many options and perhaps it is not the most suitable for the most novice investors given the complexity of carrying out certain operations. However, its application allows you to activate the Lite version to simplify the interface and perform operations more comfortably.
2. Bitvavo
The best and worst of Bitvavo :
The best: it has more than 175 cryptocurrencies in its catalog. Their trading commissions are very low (from 0.03% to 0.25%). It is present in more than 27 European countries and has a very intuitive application and interface, ideal for beginners. In addition, it has a promotion with which you can trade with the first €1,000 without commissions and receive €10 free as a welcome.
The worst: its cryptocurrency catalog is smaller than that of some of its competitors, so you may not find some cryptocurrencies to invest from Bitvavo.
3.KuCoin
The best and worst of KuCoin :
The best: catalog of more than 700 cryptos. It is one of the best-known platforms in the market, it operates in more than 200 countries and has a high volume of trading operations. Their commissions are also competitive, 0.10% for makers and takers in spot trading.
The worst: as it is a platform of Chinese origin, it is difficult to obtain customer service in Spanish.
Exchange cryptocurrencies: what it is and types
A cryptocurrency exchange is an internet platform where it is possible to exchange fiat money (regular currencies such as euros or dollars) for digital assets (cryptocurrencies), as well as the exchange between cryptocurrencies.
A cryptocurrency exchange works much like asset exchange trading platforms. In addition to buying or selling cryptocurrency , it is generally possible to trade cryptocurrency pairs , or crypto/fiat pairs. blockchain software development company Trading in pairs is about selling one currency by acquiring another for its corresponding exchange value. Selling euros to buy dollars would be an operation of currency pairs, since two currencies are involved.
It is also possible to stake cryptocurrency on an exchange. This operation consists of leaving a certain amount of a certain cryptocurrency deposited in the blockchain for a pre-established time, when the time is up they will return the initial cryptocurrencies plus an extra in the form of a reward. It works in a similar way to a fixed-term deposit, saving distances of course.
centralized exchanges
A centralized exchange or CEX is the most common type. In these cases, the cryptocurrency platform acts as an intermediary between the users and the transactions they carry out . They maintain custody of the users' cryptocurrencies when they are on the platform (the user has the possibility of transferring them to an external wallet to safeguard their own assets), as well as all the information on the operations. They are subject to regulation and generally have higher fees than decentralized exchanges.
decentralized exchanges
Decentralized exchanges or DEXs are platforms in which there is no central figure that mediates or "manages" user operations . This implies several things: they are more complicated to manage, greater privacy for users since they are not regulated, their commissions are lower since there are no workers on the platform that increase operating costs, custody of the cryptocurrencies always belongs to the users (they are safe from possible bankruptcies) and there is also less liquidity and number of operations.
cryptocurrency brokers
Cryptocurrency brokers are centralized platforms. The main difference with respect to exchanges is that they usually operate with financial derivatives and do not maintain actual custody of the cryptocurrencies, that is, you buy an asset that simulates the behavior of Bitcoin but you do not really own it. Another significant difference is that in addition to cryptocurrencies they have other investment markets such as: stock market, foreign exchange market , investment in raw materials , ETFs , etc.
