How to Choose a Crypto Exchange for Bitcoin and Altcoins

[Cyber_warrior]

My number one choive of exchange is Binance because it's the biggest and has low trading fee. However, you can only use an exchange that is in your country. I use two exchanges for my trade and so far, everything is going far. I have made profits and losses.

Most people prefer to make use of Binance exchange. I have account in different exchanges, and I have tried all of them out, but my best exchange is still Binance and KuCoin. I do make use of Bybit also, but I use bybit for P2P. Few years ago Binance and KuCoin exchange stopped P2P service in my country, so we cannot longer make use of P2P service thats why people do make use of Bybit for p2p. Binance and KuCoin is a reputable exchange which I will recommend to anyone that wants to trade. But because I said Binance and KuCoin is a reputable exchange doesn’t mean we should leave our coin on exchange.

[blockman]

Most people prefer to make use of Binance exchange. I have account in different exchanges, and I have tried all of them out, but my best exchange is still Binance and KuCoin. I do make use of Bybit also, but I use bybit for P2P. Few years ago Binance and KuCoin exchange stopped P2P service in my country, so we cannot longer make use of P2P service thats why people do make use of Bybit for p2p. Binance and KuCoin is a reputable exchange which I will recommend to anyone that wants to trade. But because I said Binance and KuCoin is a reputable exchange doesn’t mean we should leave our coin on exchange.

I have used all of those that you've used. But there's an ongoing ban for all of these exchanges in my country because we've got local exchanges that the government forces us to use. And despite that our ISPs have banned these known exchanges, many of our countrymen still uses them through the use of VPN to bypass the ban that's been applied to these exchanges. They've enforced it through the telcos and anyone who visits these exchanges won't be able to access it if they won't bypass it. They even removed the apps of binance in the app/play store.

[Taskford]

Most people prefer to make use of Binance exchange. I have account in different exchanges, and I have tried all of them out, but my best exchange is still Binance and KuCoin. I do make use of Bybit also, but I use bybit for P2P. Few years ago Binance and KuCoin exchange stopped P2P service in my country, so we cannot longer make use of P2P service thats why people do make use of Bybit for p2p. Binance and KuCoin is a reputable exchange which I will recommend to anyone that wants to trade. But because I said Binance and KuCoin is a reputable exchange doesn’t mean we should leave our coin on exchange.

I have used all of those that you've used. But there's an ongoing ban for all of these exchanges in my country because we've got local exchanges that the government forces us to use. And despite that our ISPs have banned these known exchanges, many of our countrymen still uses them through the use of VPN to bypass the ban that's been applied to these exchanges. They've enforced it through the telcos and anyone who visits these exchanges won't be able to access it if they won't bypass it. They even removed the apps of binance in the app/play store.

It seems there's monopoly happening in your country and they try to dictate on what exchange people should use. Maybe that decision has been influence by some parties and this is not good for Bitcoin and other crypto because if this situation really exist it will stop the total growth of this industry in your country.

Seems that they are favoring on the platform that can give them huge money and maybe this is the reason why that situation happens.

Binance is good exchange and I think that's huge loss for your countrymen for losing to use that option especially that for now they are the most reliable exchange to use.

[endut15]

Solid points, especially about liquidity. I’ve seen some exchanges with great features but zero volume, which makes it a nightmare to exit a position during a dump. One thing I’d add is to check the withdrawal fees for specific alts. Some platforms have low trading fees but charge a ton just to move your coins to a private wallet

[coin-investor]

all the good list can be seen in this list - https://coinmarketcap.com/rankings/exchanges/

i prefer to use the top 10 only.

Coinmarketcap has a reason why they rank these exchanges based on their standing they have their own metrics and preferences.

And you can be sure that you cannot go wrong trusting Coinmarketcap list, because for an exchange to get in the list an exchange should first adhere on CMC criteria's.

Its not a question on how to choose but looking on what exchanges are ranked on top, another one to check is
https://www.coingecko.com/en/exchanges


Exchange Ranking

CoinMarketCap ranks and scores exchanges based on traffic, liquidity, trading volumes,  confidence in the legitimacy of trading volumes reported, and qualitative factors such as longevity, reputation, public audits (e.g. PoR), licenses, and user feedback. Highly-ranked exchanges will possess the aforementioned traits and have markets that score well across Liquidity Scores, Volume, and Web Traffic Factor and have high Confidence scores.

[Rengga Jati]

Most people prefer to make use of Binance exchange. I have account in different exchanges, and I have tried all of them out, but my best exchange is still Binance and KuCoin.

So far, I've used several exchanges, but the most convenient and frequently used is Binance. Besides being a top global exchange, Binance is also connected to one of my country's local exchanges, Tokocrypto, which provides greater flexibility when transacting and transferring/sending coins to my local exchange.

And you can be sure that you cannot go wrong trusting Coinmarketcap list, because for an exchange to get in the list an exchange should first adhere on CMC criteria's.

Its not a question on how to choose but looking on what exchanges are ranked on top, another one to check is
https://www.coingecko.com/en/exchanges

In both Coin Market Cap and Cryptocurrency, Binance is the top exchange, as the number one exchange globally.
Meanwhile, in the second and subsequent positions, there are differences in the exchanges listed on both. However, what is certain is that this increasingly shows that Binance, based on the two top exchanges, is truly the top global CEX.

[blockman]

I have used all of those that you've used. But there's an ongoing ban for all of these exchanges in my country because we've got local exchanges that the government forces us to use. And despite that our ISPs have banned these known exchanges, many of our countrymen still uses them through the use of VPN to bypass the ban that's been applied to these exchanges. They've enforced it through the telcos and anyone who visits these exchanges won't be able to access it if they won't bypass it. They even removed the apps of binance in the app/play store.

It seems there's monopoly happening in your country and they try to dictate on what exchange people should use. Maybe that decision has been influence by some parties and this is not good for Bitcoin and other crypto because if this situation really exist it will stop the total growth of this industry in your country.

Seems that they are favoring on the platform that can give them huge money and maybe this is the reason why that situation happens.

That sure is monopoly in there, they're required with so many requirements and paid too much for the license to operate and that is why they're limiting the exchanges that can come to our country.

Binance is good exchange and I think that's huge loss for your countrymen for losing to use that option especially that for now they are the most reliable exchange to use.

It is a huge loss for us because majority of the crypto folks here are trading and selling there instead of the local exchanges. Now, we're forced to stick to the local ones because they're giving us a hard time in accessing in it. Although we can still do that through the use of VPN and other dynamic setting changes.

[Emitdama]

Coinmarketcap has a reason why they rank these exchanges based on their standing they have their own metrics and preferences.

And you can be sure that you cannot go wrong trusting Coinmarketcap list, because for an exchange to get in the list an exchange should first adhere on CMC criteria's.

Its not a question on how to choose but looking on what exchanges are ranked on top, another one to check is
https://www.coingecko.com/en/exchanges

Exchange Ranking

Yeah I agree, that list is true and very much the ones that are the most trusted and used ones. To be fair you can do combination of those, check the top ten of coinmarketcap, and check the top ten of coingecko and find the ones that are common. In the top ten of both, there are few common ones.

Binance is at the top for both, coinbase is there, gate is there, bybit, bitget, okx and so forth. Which goes to show you that both of those websites are showing quite common top tens together.