Choosing a quality cryptocurrency exchange can be a difficult task because you have many things to consider. Trust is a VERY important factor when using centralized exchanges (they are the large majority), KYC or 'know your customer' regulations, country limitations, country regulations, fees, and so on. This can be quite an annoyance and a real pain in the ass. So, I decided to write up this article about the exchanges I use and why.

Binance

The first exchange on my list, and my primary means of exchange, is Binance. Binance does NOT require KYC for their entry level account which is a huge plus. With that account you are allowed to withdrawal up to 2 BTC every day which is more than enough for most people.

In addition to getting around KYC, Binance is also one of the most popular exchanges in the world today. They feature some of the highest volumes in the world, which means more liquidity. The more liquidity the better. I don't want to wait hours for a trade to go through, do you?

However, like many exchanges, there are still negative sides. The main downside being that there is no fiat-to-crypto on ramp for U.S. customers on their main exchange (there is one on Binance.us, but they don't offer nearly as many trading pairs as the real Binance).

If you do not have a Binance account, use my referral link and receive 5% back on ALL of your trading fees! This adds up people! You can only receive this deal through referral links too!

https://www.binance.com/en/register?ref=DJGYEU54

KuCoin

Coming in at number 2 is Binance's little brother, KuCoin. KuCoin is nearly identical to Binance in terms of interface and KYC requirements (KuCoin also has a 2 BTC daily withdrawal limit with no KYC), however they do differ in some subtle ways.

For example, the withdrawal fees tend to be slightly less on KuCoin which is a nice plus for them. However, KuCoin also has lower volumes which can sometimes make trades take slightly longer if you aren't only putting in market orders.

KuCoin also features a lot of smaller market cap coins and tokens that cannot be found on Binance. This makes it a great idea to hold accounts on both of them as it gives you a larger selection of trading pairs. You can also find the KCS token which is KuCoin's own exchange token. Holding this gets you dividends on their profits every day! It's always been one of my favorites to hang on to.

I highly recommend KuCoin and you can signup using my referral link below. This one does not include any bonuses for the referral, but I would appreciate the little bit of help. ;)

https://www.kucoin.com/?rcode=Pvehy1

Coinbase

The final exchange on my list is Coinbase. Now, Coinbase is not my favorite for a lot of reasons. But, they are one of the few exchanges that allow purchases of Bitcoin and other cryptocurrencies in fiat. This makes them valuable.

Unlike Binance and KuCoin, Coinbase does require KYC. This allows you to purchase cryptocurrency with cash money from your debit card, credit card, or bank account. You will also be able to sell and withdrawal cash to your bank account or PayPal account.

Coinbase does have an exchange called Coinbase Pro, but I do not recommend using it for several reasons. Reason number 1 goes back to the KYC. In the USA every single trade you make is taxable. I assume Coinbase reports all the trades on their platforms and therefore you will be liable for those taxes. I'm not telling you to break the law or anything like that, of course. But, use that information however you see fit. Reason number 2 is that their fee structure tends to be higher than the previously mentioned exchanges.

But, it is one of the few fiat-to-crypto on ramps. So, purchasing some and transferring it out to another exchange isn't such a bad idea.

If you are interested in Coinbase, I will provide my link below. If you use my link, you will receive $10 of BTC for free when you buy or sell $100 or more!

https://www.coinbase.com/join/mayers_0j

Wrap Up

Well, I hope that was helpful for at least someone out there. There are some other options for trading cryptocurrencies such as decentralized exchanges like Bitshares, services like ShapeShift or ChangeNow, and protocol like 0x. But, I will get into those another time as they will require too much more information for one post.

Thank you for reading!