I think the most traditionally well-known exchanges are:
Bittrex,
Bitfinex and
Poloniex. There’s also
Coinmama and
Cryptopia. Beware of holding large amounts of crypto on exchanges however, exchanges are for exchanging or trading (daytrading for example), in my opinion – So
I wouldn’t keep large amounts of crypto on any exchange . Bittrex, Bitfinex and Poloniex and Coinama are
centralized exchanges – meaning in theory they could do whatever they choose with your funds, e.g. freeze them if they have their suspicions about a user’s activity (even if that person is 100% legit).
Then there are
decentralized exchanges like
EtherDelta, OpenLedger/
Bitshares,
IDEX,
altcoin.io and others… They are completely decentralized – as the name says – so you have less of that risk described above and also more immediate control of your coins. Some decentralized exchanges will work a bit less user friendly, but after watching 1-2 YouTube videos, you’ll get the hang of it.
Remember: Anybody can get hacked. Therefore
I’d advise you to store your coins in a paper wallets or a hard wallet.
My personal favorite would be
Binance or
KuCoin. They offer great bonuses so you can greatly save in fees. Plus, they got many
competitions and give you regularly
a chance at winning prizes and cryptocurrency (like KuCoin is doing right now; you can simply re-tweet their pinned post and get some ETH or win a car). Also, if you so choose, you can pay the fees in their own currency (Binance Coin and Kucoin Shares respectively). This way, you do not lose any amount of the crypto you purchased, but pay any fees necessary in the respective currency of the exchange platform or you get a discount on fees which is still pretty decent.
Also, the link below provides a
comprehensive summary of most of the exchanges that are out there:
https://exchangewar.info/ If you are curious or have any further questions, do not hesitate to ask me or other members here or go watch a few YouTube videos on this subject. I think YouTube is one of the best ways to get educated about any topic! ; )
PS: I'd recommend
registering on as many exchanges as possible. You never know with crypto as most things are highly
time-sensitive here in this domain. With regards to exchanges this means that certain platforms might (temporarily or non-temporarily)
close registration to users in future so it's best to register while you still can ; )
