Which of the Top 10 Crypto Exchanges Should You Use?
While you may be wondering which of the top 10 cryptocurrency exchanges to use, you should first look for security. A top exchange should have a proven track record of tight security. Hacks and breaches in the crypto space are not uncommon, and it’s important to choose a provider with a disaster recovery plan. For example, Binance bounced back after a breach in early 2019 by replenishing user funds through their Secure Asset Fund. Another important factor to look for is ease of use. While it may seem like an obvious one, the UI of a top exchange should be easy to use.
Binance is another excellent choice for those seeking a self-directed crypto platform. This platform allows you to buy and sell coins as you wish. It also allows you to invest in gold, allowing you to reap the tax benefits of an IRA. For instance, if you’ve got an IRA, you can convert it to a crypto IRA and avoid paying taxes on capital gains and dividends. Furthermore, if you’re looking to buy gold, Coinbase has a low fee for that as well.
While most leading crypto exchanges will offer a wide variety of digital currencies and tokens, they can differ greatly in the range of assets they support. Global exchanges comply with KYC/AML requirements and financial regulations, so you can rest assured that you won’t deal with a malicious market participant or a fraudulent company. Although most exchanges support a range of cryptocurrencies, it’s important to note that fees can eat into your investment returns. To make the most informed decision possible, you should compare a handful of the top exchanges.