Top Exchanges in Crypto
There is many exchanges in the Crypto space. Today, the top 5 is as follows:
Binance
Coinbase
FTX
Kraken
KuKoin
My personal favourite is Binance as it holds over 350 coins and growing. It has the highest liquidity since there is the most trading volume which gives you the best price you can get. It is a little less intuitive to operate than Coinbase but it is worth the very small learning curve.
Depending on where you live in the world, you may have to research the best exchange for you.
Fiat on ramps, what are they?
A fiat on ramp is where you convert your local currency into Crypto currency. Once you are done this process, you can send your Crypto to any digital wallet and the process is much easier to interact with crypto protocols from there.
Below is the exchanges I recommend for fiat on ramp based on country.
Canada
For Canada, I recommend Newton . The reason is , I found it to be less limited than Binance as a fiat on ramp and lower fees. After you have Crypto, I prefer Binance for crypto to crypto trading. You can securely interact e-Transfer your Canadian dollars directly from your bank account into your Newton account and exchange it for any popular Crypto currency. From there, you can send your Crypto directly to your ledger wallet or an exchange for trading.
Click here to use Newton.
U.S.A
GEMINI - While Coinbase or Binance is more popular, GEMINI still has 2 million monthly users and no country restrictions in the USA. If you are in one of the restricted U.S states below, click this link to use GEMINI. Otherwise, I recommend using Binance.US or Coinbase. I use them all, but just one will do for long term investors.
Restricted states for Coinbase - Hawaii (current list is here)
Restricted states for Binance - Hawaii, New York, Texas, Vermont (current list is here)
For most of the world
Use Binance - Click this link to use Binance now - (non US residents)
To see if your country qualifies, click this link to view list the list of countries that can use Binance.
After you sign up to an exchange, you may have to verify your identity as this is a normal process exchanges do to weed out bots and criminals. Popular exchanges keep your identity confidential but if your local government asks them for an audit for tax or online crime purposes, then the exchange might have to cooperate with the government, especially Coinbase as they are U.S based. Binance has been said to be less in control of U.S government as they are based out of the Cayman Islands.
Binance
Coinbase
FTX
Kraken
KuKoin
My personal favourite is Binance as it holds over 350 coins and growing. It has the highest liquidity since there is the most trading volume which gives you the best price you can get. It is a little less intuitive to operate than Coinbase but it is worth the very small learning curve.
Depending on where you live in the world, you may have to research the best exchange for you.
Fiat on ramps, what are they?
A fiat on ramp is where you convert your local currency into Crypto currency. Once you are done this process, you can send your Crypto to any digital wallet and the process is much easier to interact with crypto protocols from there.
Below is the exchanges I recommend for fiat on ramp based on country.
Canada
For Canada, I recommend Newton . The reason is , I found it to be less limited than Binance as a fiat on ramp and lower fees. After you have Crypto, I prefer Binance for crypto to crypto trading. You can securely interact e-Transfer your Canadian dollars directly from your bank account into your Newton account and exchange it for any popular Crypto currency. From there, you can send your Crypto directly to your ledger wallet or an exchange for trading.
Click here to use Newton.
U.S.A
GEMINI - While Coinbase or Binance is more popular, GEMINI still has 2 million monthly users and no country restrictions in the USA. If you are in one of the restricted U.S states below, click this link to use GEMINI. Otherwise, I recommend using Binance.US or Coinbase. I use them all, but just one will do for long term investors.
Restricted states for Coinbase - Hawaii (current list is here)
Restricted states for Binance - Hawaii, New York, Texas, Vermont (current list is here)
For most of the world
Use Binance - Click this link to use Binance now - (non US residents)
To see if your country qualifies, click this link to view list the list of countries that can use Binance.
After you sign up to an exchange, you may have to verify your identity as this is a normal process exchanges do to weed out bots and criminals. Popular exchanges keep your identity confidential but if your local government asks them for an audit for tax or online crime purposes, then the exchange might have to cooperate with the government, especially Coinbase as they are U.S based. Binance has been said to be less in control of U.S government as they are based out of the Cayman Islands.