Investment Notes | Cryptocurrency Exchanges I Have Used

foreword

After I came to Matters in 2020, I also slowly got involved in the cryptocurrency field. Among them, I stumbled and got help from many people, and of course I hit a lot of bags. People say that if a long illness becomes a good doctor, let me Share my experience with the cryptocurrency exchanges I have used, so that future generations can start quickly and avoid detours. In addition, there are many scams in the currency circle, please be careful .

Binance Exchange

Binance is an exchange that I have been in contact with for a long time. The reason is that it is the exchange with the largest trading volume in the world. It has relatively high security, a complete range of goods, and low transaction fees. In addition, the Binance platform also launched its own exchange. currency (BNB), and open contract trading with a maximum leverage of 125 times. Investors can make profits by adjusting the leverage. There is 24/7 Chinese online customer service. If you have any questions, you can ask in Chinese. According to me and Binance Exchange With the experience of many times in customer service, the customer service staff will only answer your questions in a well-behaved manner, and don't expect to get too many extra services.

The NFT market is a key project that Binance Exchange is optimistic about. Please see my previous article "Life Notes - Free NFT Blind Box" . Binance Exchange is a leader in the field of cryptocurrency and has its own platform currency. (BNB), Binance Chain, Binance Smart Chain, etc. I personally think that if you are new to cryptocurrency and want to get involved, you can consider registering.

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MAX Exchange

The most convenient exchange to live in Taiwan, I think it is the MAX exchange, which is the first cryptocurrency exchange in Taiwan created by the MaiCoin team. The Maicoin team used to be a cryptocurrency purchasing platform and has a cooperative relationship with Far East Bank , if you have an account with Far East Bank, you can directly link your account with the MAX exchange, eliminating the handling fee. I think the biggest bright spot is the NTD deposit and withdrawal. It also has its own platform currency (MAX), and there is no need for Chinese customer service. Having said that, the disadvantage is that there are fewer currencies that can be traded, and the transaction fee is slightly higher.

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ACE Exchange

ACE Exchange has a strategic cooperation with Binance, the world's number one exchange, and jointly developed ABA (Asia Blockchain Accelerator, Asia Blockchain Accelerator) and ABM (Asia Blockchain Media, Asia Blockchain Media), so foreign Popular products, ACE Exchange can also be put on the shelves soon, a more special product is ACE Dept debt subscription, users invest by subscribing debt, and share higher annualized profits, with ACE point membership accumulation The point system can be used to deduct the handling fee, and can also be used in the subscription of wealth management products and new currency exchanges (the first cryptocurrency exchanges), but there is not much relevant information, and the disadvantage is that the transaction volume is low and it is difficult to make transactions to a nice price.

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Coinbase Exchange

Coinbase, also known as Bitcoin Base, is an American cryptocurrency exchange that is regulated and licensed in the United States. It is the largest cryptocurrency exchange by trading volume in the United States and the first cryptocurrency exchange listed on the Nasdaq in the United States. The currency trading platform, strictly speaking, it is the first exchange I use. The reason for using it is that it provides a simple online course (CoinBase Earn), and uses the reward method of taking the class to encourage the public to learn cryptography Currency products, which in turn aroused interest and stimulated transactions. Its CoinBase Earn course allowed me to grab some free encrypted virtual currency, because it is well-known, the product circulation is also high, and the security is more guaranteed. The disadvantage is that the customer service support is insufficient, especially there is no Chinese customer service, in addition, the handling fee is slightly higher.

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FTX Exchange

FTX exchange is a fairly new cryptocurrency exchange. It is an exchange founded by a group of quantitative traders and top market makers. The exchange provides a variety of financial products derived from cryptocurrencies, such as US stock certificates (tokenized stocks), two-way option contracts (MOVE contracts), forecast commodities, etc., and also has its own platform currency (FTT). The advantages are unique financial products, low fees, and good transaction depth.

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Huobi Global

Huobi Exchange was originally established in China, and then gradually expanded its service scope. It has offices all over the world and is headquartered in Singapore. It is the largest cryptocurrency exchange in mainland China, with a lot of services and stable trading volume. It also has Launched its own platform currency, Huobi Token (HT), which can be used for functions such as discounting transaction fees and staking to earn coins.

China issued a ban on September 24, announcing that all cryptocurrency transactions are illegal, and Huobi Exchange has banned all users in China from registering new accounts on the day the ban was issued on September 24. User accounts in China are cleared to zero, and it is expected that all Chinese user accounts will be cleared before December 31, 2021.

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China Currency Exchange

Will register on China Coin Exchange is an airdrop activity of LikeCoin before. China Coin Exchange is actually an old exchange in China, but it has a bad reputation later. Its only advantage is that it can trade LikeCoin, but its disadvantage is that of a small exchange. There are fewer tradable currencies, higher fees, and insufficient transaction depth.

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Here are some things to keep in mind when buying and selling cryptocurrencies:

1) Cryptocurrency trading is a high-risk investment, especially financial derivatives trading. Compared with foreign exchange, stocks, etc., the risk is higher. It is recommended to fully understand the risks and invest in the bank.

2) At present, the supervision of cryptocurrencies in various countries is not perfect, so not all virtual currency exchanges are under supervision. If encrypted assets are stolen or exchanges go bankrupt, it may cause you to lose all encrypted assets. The safer method is to Store cryptocurrencies in your cold wallet.

3) In terms of choosing a virtual currency exchange, it is recommended to find a platform with large scale, good reputation, good trading experience, and Chinese service. It's easy to solve problems.

Summarize

In recent years, China has been suppressing encrypted virtual currencies, which is obviously paving the way for digital RMB. Try not to touch Chinese exchanges. Money goes in, but not out. Please refer to the "Ranking of Cryptocurrency Spot Exchanges" . Exchange investment, Taiwan's exchange, the trading volume is too small, the price is not beautiful, and the handling fee is high. Unless I want to exchange Taiwan dollars, I will use the Taiwan exchange. In addition, the decentralized exchange (Decentralized Exchange, DEX) ) is also a good choice, please refer to "Decentralized Exchange Ranking" , please evaluate the risks by yourself, after that, I may write an article about the DEX I have played during this time.

Matters is a decentralized content creation and public discussion platform that applies decentralized network and cryptocurrency technology. Compared with pure content creation platforms, there are more experts in cryptocurrency research. Sharing, I only slowly got involved in the field of cryptocurrency investment. The following friends are listed in no particular order. I have read or researched their articles, which have benefited me a lot. If your name is not listed, it is just me. I missed it, hope you don't take offense.

@Michelle and the puppy ThankYou @susanli3769 @K said the blockchain @RoyFeng @Coin Circle Xiaojie @Bitpan @小 frog @first saint @Leo Leo @loyal to writing @daily currency research @savadika @bai cypress @Leo Sun @MatthewDuke @Johnny's World @Aku @WXMark @高 reconstruction @openhang life @justyy bank president @ayth

This article is my personal opinion and sharing, the information in the article is for reference only,

It is not intended to constitute an invitation or recommendation for any investment or sale