Exchanges and Wallets
-Coinbase is the first Exchange to IPO. It always has issues when buying or selling volumes get high, and for that reason I don’t recommend using it to trade but for long term positions it is a credible place to buy and hold your digital assets.
-Kucoin is the best exchange for buying the low market cap hidden gems that will have the higher return potential in the future. Originally during the bear market this was the only place you could buy coins like vechain, hbar, propy, shiba, and many others that have had outsized gains compared to the rest of the market.
-Uphold is one of 2 exchanges that did not delist xrp after the lawsuit was filed against ripple last year in December byt the SEC. It had the license required to sell securities and sells stocks on its platform already, making it able to sell xrp regardless of the outcome from the lawsuit. It is currently the only exchange where you can directly buy xrp using your bank account, for americans.
-Bitrue is the only other platform where Americans are able to purchase xrp.
You must buy bitcoin on another platform first, and then send it over to the exchange to do so. This platform is great for trading as well as using leverage to trade. I do not personally do this because I do not day trade. However, you can make or lose A LOT of money very quickly using leverage trading. Flare, song bird, and other XRP network tokens are supported on this exchange as well.
-Crypto.com just purchased Staples center. It will become Crypto.com arena in Jan 2022.
This exchange is a great blend of coinbase and kucoin. You’re able to trade almost all coins on this exchange with a bit higher market cap that have not yet been listed for trade on coinbase or uphold. I recommend this exchange to most new people who ask me where to buy digital assets because it is a bit easier to operate than Bitrue or Kucoin.
There are many other exchanges. These are just the ones I believe have the most credibility, and I have used them personally. I would recommend having accounts on multiple exchanges just like if you were trading stocks. You don’t want the only one you’re using to have problems and inhibit your ability to make a trade or take profits. If you have multiple options, that allows you to have multiple locations if one or more are having problems.