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Reviews are based on product features, and reviews from trustpolit and glassdoor.
Best Place to Buy Bitcoin
Choosing a platform as the best place to buy bitcoin is not easy. Many exchanges are providing the service of buying bitcoins via fiat currency, for example, Binance, crypto com, Coinbase and Kraken.After compared with transaction fees and the payment process of buying bitcoins on different platforms, Gemini exchange is the best one for buying bitcoins. It has low transaction fees and the platform is recognized by most of the countries.
Features
| Exchange | Gemini Exchange |
|---|---|
| Trading fees | As low as 0.05% via Bank Transfer |
| Fiat Currencies Support | USD AUD NZD JPY EUR SGD |
| Transaction fess | 0.05% |
| Credit Card | Visa / Master |
| Hidden Fees | No |
Supports
Withdraw fiat currency from Gemini to the local bank takes one working day.
Best Market
According to the Coin Market Cap data, Binance trading volume ranked on the no.1 of global crypto exchanges list. Besides spot trading, it has many services like derivative trading, cloud mining, Dex, NFT market. It’s like a blockchain supermarket.
| Exchange | Binance |
|---|---|
| Spot Trading | Yes |
| Derivative Trading | Yes |
| NFT Market | Yes |
| Cloud Mining | Yes |
| Dex Mining | Yes |
It has too many products and services and long product development lines. The most successful one is Binance issued token, also known as BNB.
Best Social Trading Platform
eToro first designed the feature of Copy Trade to let amateur investors trade with professional traders. BingX made an enhancement version and applied it to cryptocurrency trading. It’s different from the eToro Copy Trade only works on stocks trading. BingX Copy Trade is like an auto-trading robot. After a user followed a professional trader account via Copy Trade, the user would open the same deal if the professional trader opened.
Earning money can be easy as clicking the Copy Trade button of BingX.
a BingX User
It’s a very cool feature, and it works for many traders.
Best Derivative Trading Exchange
No doubt bybit is the best derivative exchange in 2021, although bybit derivative trading volume is less than Binance derivatives. Bybit used copy features from Bitmex. That making the trading fees are the same as Bitmex. Bitmex’s poor customer service made customers all follow Bybit, then Bybit became the best. It has no overload issue and lesser market pins than Binance. Unlike Kraken only pays up to 50% of the total losses of market pins, Bybit takes the whole responsibility when the market pin happened.
Because Bybit copied from Bitmex, it also copied the hidden development issues of Bitmex. For example, Bitmex only provides cryptocurrency derivative trading. Derivative trading required traders have professional trading skills. It’s not suitable for entry-level traders. Derivative trading is part of a trading exchange service. The big trading platform like Binance, it easy to develop a new feature like derivative tradings.
Bybit became the best derivate trading exchange means it hit the development bottleneck.
Best Defi Exchange
Different from a centralized exchange, Uniswap is a decentralized exchange. Unlike the cryptos that are saving in the wallet of a centralized exchange during the trading, a decentralized exchange transfers the cryptos between users’ wallets directly. The token price is not generated by the market mechanism, but by algorithms.
Because it’s a decentralized exchange, anyone can issue his tokens to exchange with others within five minutes. The risk is from the spam tokens issued by unknown people.
