They do however offer better rates than Huobi per-trade. They supposedly offer staking services in-house for some coins as well, but I could find no detail on which ones or what the rates were. I unfortunately couldn’t even find a listing of what pools they have available, leading me to believe the option may not even get any significant use. Like the previous two options, OKEX’s passive income offering is via sending things out to mining/staking pools. Like Bitfinex, Kucoin has been around a long time, but hasn’t exactly had a stellar record, having been subject of at least one major hack/theft.

Bitstamp – Another legacy US available exchange, that sometimes makes the top 10 bracket depending on the listing you’re looking at. It’s mostly notable in that its markets tends to move a bit unpredictably compared to the rest of the world at times. Upbit – Upbit is basically -the- exchange in South Korea, and largely unused elsewhere. Only subject to a single small (phishing based) hack, the exchange has a generally good track record, but does not offer margin/options trading, or on-exchange staking or other yield farming options, with per-trade fees on par with Coinbase Pro.

Crypto Trading Journal

It’s the de-facto standard for reputability, having great legal and security history, even going so far as to actively block transfers out to known scam addresses, just to help prevent you from burning yourself. Coinbase is also the primary entry point for the majority of institutional investors for this reason. On the other hand, their coin variety listing is quite bad, they don’t offer margin/options trading, and their trading fees are high for the market at 0.5%. That said, they offer free ACH bank transfers, no withdrawal fees, and their trading fee drops quickly for high volume traders.

I was originally going to include these in the list, but the volume on even Uniswap was surprisingly low enough to not make the cut. Even the ‘Low Fee’ DeFi exchanges like Cake take 0.2% in fees ontop of the network fees, which would only put them in the middle of the pack for the centralized exchanges, with no fee-cuts for things like high volume trading. Connect your wallet to the app, and trade from there. The general structure for these is all the same, however. You’ll have to pay network fees ontop of exchange fees though, which messes with the cost valuation a bit, and generally makes all of them significantly worse fees than the centralized exchanges.

CoinGekko’s ordering of exchange rankings. Additionally, while Binance has been largely stable for a long time, it has been hacked before, and sometimes finds themselves in questionable legal places. They have some of the lowest per-trade fees in the industry, but some of the other fees on Binance, like withdrawal fees, can be a little sketchy and prone to silently being changed or raised for no reason. The industry leader in volume. Golden standard for coin availability. Binance offers yield farming on only a very limited selection of coins via sending them out to De-Fi systems and leaving you on the hook for liability.