Cryptocurrencies are highly valuable these days and as such a lot of people may try to scam you for your tokens. Hence, you should use the safest cryptocurrency exchanges to trade your tokens and prevent being scammed by dodgy exchanges.
There are plenty of exchanges in the world but we only use a few of them. Here are 3 popular cryptocurrency exchanges that you may want to use.
Warning: Always exercise caution when using exchanges. Try to use different passwords for different exchanges. Don’t leave your cryptocurrencies in the exchange wallet if you’re not trading. There’s always a risk of losing all of your crypto if you leave it in the wallet. The best practice is to withdraw them into your own desktop / hardware wallet once you’re done trading.
Disclaimer: There may be affiliate links in the article.
1. Binance
Binance is a Chinese exchange but has grown to be one of the top exchanges in the world.
What’s good about Binance is that they have a different 2-Factor Authentication. Instead of using your email address as authentication, you are required to download an Authenticator app on your phone. You get a new 6-digit pin each time you log into the website. Apparently Bittrex has followed suit.
It seems safer that way. Furthermore, Binance is known for having lower fees in comparison with many exchanges and they have a wide range of altcoins for trade.
2. Coinbase
Coinbase is the most well known exchange especially in the United States. They even acquired Earn.com recently, which goes to show how far they’ve come.
Unfortunately, Coinbase is not available in some countries, so you can’t buy or sell coins. You are still permitted to earn via referrals.
They also have a limited range of coins, i.e. Bitcoin, Bitcoin Cash, Ethereum and Litecoin. If you’re interested in other coins, you will have to use other exchanges like Binance or Bittrex.
3. Bittrex
Bittrex recently went through a massive overhaul in the website. It looks totally different from how it used to be. Some hated the change as well.
They are popular because they have many altcoins to trade and have been quite reliable so far.
Having said that, they had a lot of complaints of verification problems and were unable to withdraw tokens. Many couldn’t sign up as well. Maybe they were overwhelmed by the number of new traders.
In any case, always exercise caution when using exchanges and do your own research before using an exchange.
We published this article yesterday on: https://www.cryptoexaminers.com/cryptocurrency-exchanges
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