Top Cryptocurrency List Ranked By Trading Volume

Here are some cons of Binance exchange that you need to consider:

• Withdrawal fees – withdrawal fees vary according to the asset you wish to withdraw and your payment method. In addition, Binance also has a minimum amount of withdrawals.
• The exchange has been hacked in the past – Even though the company's response was pretty quick, there is no guarantee that such a breach won't happen again.
• History of regulatory issues – At least now, Binance is considered less regulated than its competitors.
• Binance's main platform doesn't operate in the US – If you are from the US, you can use Binance's partner site, Binance.US, which differs slightly from Binance Global. It uses the same engine and technologies as its parent company but offers limited trading pairs and supported cryptocurrencies to adjust it to US regulations.

Continue Reading at Binance Review: Safety, Pros, and Cons

It is important to note that KYC procedures are not standardized everywhere. This means that some exchanges may require a complete set of due diligence, while others may not require it at all. Crypto businesses that don't implement the KYC process are more vulnerable and usually targeted by criminals. After all, the primary purpose of applying KYC is to help companies better understand their customers and prevent criminal activities.

Continue Reading at How to Do KYC the Right Way in Gate.io

When it comes to security, there are several things that you could focus on, such as:

• HTTPS: Every secure exchange must have a valid HTTPS certificate This shows that the site is safe, and they won't be able to collect or change your data without your permission.
• Two-Factor Authentication (2FA):  Most exchanges offer a variety of 2FA methods, such as software, SMS, and hardware devices. The most common option is to use Google Authenticator.
• Strong Password: You might be asked to fulfill certain criteria, such as a mix of regular and capital letters, numbers, symbols, etc.
• Funds Insurance:  This is certainly a great safety net for traders, but please note that such policies do not protect individual accounts and only apply to the exchange as a whole.
• Cold Storage: Funds that are stored in cold storage are much more difficult to steal compared to those that are kept in a hot wallet.
• Ability to Whitelist IP and withdrawal Addresses:  This enables blocking suspicious logins from other locations.
• Extra measures: Exchanges can offer many other security measures, such as multi-signatures, suspicious behavior notifications, phishing protection, and more.

Continue Reading at Don't Leave Your Money in Crypto Exchanges, Here's Why

The OKex exchange platform offers both an in-browser and a downloadable desktop app. OKex's exchange platform is more professional than the usual Bitcoin exchange, it places a higher demand on hardware. Because trading platforms are relatively large in size, a desktop app that handles the brunt of the demand is needed to eliminate the chance of a browser crash due to memory and processing issues.

Fees are graded based on the 30-day trading volumes, but they are cheap even at the highest level. For example, a 0.15 percent maker fee and 0.2 percent taker fee are the highest trading expenses for low-volume accounts.

Continue Reading at Top 5 Exchanges to Trade Crypto Derivatives