We all use that one currency exchange everytime we travel abroad or go to that store where we know the vegetables are always fresh. Well, picking a favorite centralized exchange isn’t any different and definitely a must when you start trading crypto.

Today we’ll explore five of the most popular CEXs based on the cryptocurrencies found on the platform, the number of users, and the services they offer - but we won’t forget to mention some of their cons as well.

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The main topics of the video are:

▶ KuCoin
▶ Kraken
▶ FTX
▶ Coinbase
▶ Binance

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🟡 KuCoin
Let’s begin with number five - KuCoin which was launched in 2017.
Not only does it offer you plenty of coin pairs and low transaction fees but you also won’t have to deal with KYC (Know Your Customer which refers to verifying the customer’s identity by sending personal data).

🟡 Kraken
Sitting comfortably at number 4 is Kraken, a real pioneer in the world of crypto as it was founded over a decade ago, in 2011.
The platform offers you plenty of trading services which makes it a better fit for professional traders or for those with plenty of experience in crypto. If you’re a beginner, using this platform could prove to be a bit difficult.

🟡 FTX
Now we’ve reached the podium and at number three we have FTX which was launched in 2019.
One of its main advantages is the fact that it has the lowest fees on the market and offers advanced trading options which makes it perfect for experienced users.

🟡 Coinbase
The runner-up in our list is Coinbase, the most popular crypto exchange in the USA.
It ranks so high because you can create your account in a couple of minutes and the user-friendly interface makes it ideal for beginners.
Not only that but it also includes Coinbase PRO - aimed at advanced users.

🟡 Binance
And here is our reigning champion - Binance.
Just like Coinbase, it’s divided into two versions, Binance Lite and Binance Professional, based on your level of familiarity with the platform and the world of crypto.

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- CHAPTERS –

0:00 Intro
0:25 KuCoin
1:12 Kraken
1:41 FTX
2:05 Coinbase
2:30 Binance
3:07 Conclusions
3:40 Outro

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#BestCEX #CentralizedExchange #CEX #Cryptomatics #Binance #Kucoin #Coinbase #FTX #Kraken #Crypto #FinancialEducation