Best Crypto Trading Platform? Coinbase or…
Hey guys - I know a few of you are crypto fanatics so wanted to see if you had any feedback on which crypto trading platform to use.
Right now it’s looking like Coinbase by default, as it’s fairly simple and streamlined although their customer service is ass. I just want a platform that allows me to buy/sell the top 30/50etc cryptos and scam coins without having to deal with Multiple websites, hash keys, wallets, etc etc. less sketchy, the better.
Is Coinbase the best bet? Open to suggestions.
Feel like people are constantly getting hacked and scammed on DEX
Kucoin
coinbase is great, especially the coinbase wallet with a Defi project
How dumb of me was it to buy crypto on Robinhood? Is that bad?
Just send it to a hardware wallet (trezor/ledger) and it's fine. I personally use coinbase to dca into bluechip crypto (BTC/ETH/LINK) and then use a DEX like uniswap or sushiswap for alts. Don't keep your crypto on a centralized exchange like coinbase, robinhood, binance, etc. though. Not your keys, not your coins.
I would NOT recommend Coinbase for the purposes of what you're asking. It's notorious for crashing when there's high traffic (meaning you'll be prevented from buying/selling & making deposits/withdrawals). Coinbase is convenient as a fiat on-ramp (being able to use fiat money like USD, EUR, etc to purchase crypto) and it has legitimate backing but that's about it. Assuming you're based in the US, alternative fiat on-ramps to Coinbase are Gemini, Kraken, Binance US, and FTX.US. The advantage to US based exchanges is that these are the most legit, safest, and compliant.
If you want to go beyond US based exchanges, there are others like Kucoin, Huobi, etc which are not fiat on-ramps (i.e. more for crypto to crypto transactions). These don't have the safety of US exchanges but for the most part, are still legitimate. The likes of these exchanges will open you up to a world of whole lot of other alts "and scam coins" as you put it. Alternatively, there are DEX's like Uniswap, but gas fees are a bit of a meme right now so unless you're highly bankrolled, I wouldn't rec that too highly, but still an option.
I am also looking for a platform for crypto trading. And I think it is good to choose a platform to trade differently because it can be a problem if you find only one platform to trade. I'm currently testing several platforms because I just recently started trading. Still, I think there's a good option because the platform offers many features that I can use to manage my own trades. But I've only tried so far to sell the cryptocurrency I earned on this site. I think it's worth testing on buying as well before recommending it.
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