What is a crypto exchange?
A cryptocurrency exchange is an online platform where buyers and sellers can interact digitally to trade cryptocurrencies.
Popular exchanges include Coinbase, Crypto.com, FTX, and Binance. While they all serve the same purpose, each has set different fees and limits, with varying interest rates (APY), DeFi services, and features.
Some even offer FREE crypto or cashback on trading fees to new users when you sign up!
It’s important to do your own research so that you can
choose the right platform for you.
What are some things to consider?
Whether you’re a beginner or an experienced crypto investor, here are a few things to be mindful of when choosing an exchange.
An exchange needs to be licensed to operate in certain countries and regions, as it’s providing financial services online. If it’s unavailable in your country or region, you may not be able to purchase crypto using that exchange
Almost every established crypto platform will require you to complete a KYC (Know Your Customer) verification process; make sure you’re comfortable sharing your personal details with your chosen exchange
Not every cryptocurrency is available on every exchange. If you already know which cryptocurrencies you’re interested in, you may want to check that it’s available as a trading pair (or can be purchased) from your chosen exchange before signing up
If you’re planning on making regular crypto trades to make profits, you’ll want to choose an exchange with a lower pricing structure on trading fees. Consider rewards like cashback on trading fees!
To withdraw your crypto holdings from an exchange, you’ll typically need to pay a withdrawal fee. Make sure you’re comfortable with that if you plan on cashing out
The number of verified users doesn’t necessarily reflect an exchange’s capabilities, features, or prices
It’s efficient, easy, and secure to have a crypto wallet that’s integrative (can be connected) with an exchange directly
Having easy access to an NFT marketplace directly from your chosen crypto platform offers a simpler user experience for collectors
Each exchange has varying interest rates on crypto staking. If you’re interested in HODLing for staking rewards, calculate your rewards first
Most online exchanges store the majority of assets offline in cold storage and are insured against crime
Explore your options with Coinfall
Coinfall has a range of popular crypto exchanges to choose from, designed to look out for you with lots of great benefits. Compare, choose, and sign up through us today!
Bonuses & Discounts
We work with trusted crypto exchanges to offer rewards such as FREE Crypto or cashback on fees when you sign up and start trading, look out for these!
Reviews & Ratings
Our team of crypto enthusiasts is well-versed in navigating multiple crypto platforms and has prior experience trading. Not incentivized by profit, we give non-biased opinions and ratings based on authenticity, security, and ease of access
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