Tools & Resources

Top 5 Instant Exchange Platforms in 2024

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instant exchange

How Instant Exchanges Work

Instant exchanges streamline trading by eliminating the need for order book system. Unlike spot trading platforms that rely on order book system for matching buy and sell orders, instant exchanges facilitate immediate transactions. They use internal systems for aggregating liquidity and for instant matching of orders. This enables fast trade execution at current market prices.

Once traders choose a specific crypto pair and cryptocurrency they want to purchase, they can select fixed rate or floating rate. After entering the amount to be purchased, the user confirms the transaction. The instant exchange platform then processes the trade, executing it quickly and recording it on the blockchain. Internal systems handle the trade execution and charge a specific fee.

Usually, instant exchanges charge higher transaction fees compared to traditional crypto exchanges. Platforms like ChangeNow also supports mobile app, providing a beginner-friendly interface for swapping cryptocurrencies.

Top 5 Instant Exchanges

When selecting an instant exchange, ensure the platform has robust security, a good reputation, a wide range of supported cryptocurrencies, and a user-friendly interface. Although instant exchanges typically charge higher fees, some platforms offer competitive rates.

While most of the exchanges do not require user account, some of them may require KYC process. You can connect your crypto wallet or directly purchase crypto using the payment methods available on the exchange to get started.

  1. SimpleSwap

It is popular instant exchange specifically developed to simplify the swapping of cryptocurrencies. It allows swapping of over 500 cryptocurrencies at both fixed, and floating rates. With its user-friendly interface, beginners can easily swap cryptocurrencies. Being a non-custodial platform, it does not store users’ crypto but only processes the transaction. By joining the loyalty program, users can also earn BTC cashbacks for every exchange they make.

Unlike traditional crypto exchange, it does not require any sign up. Users only need to connect their crypto wallet to the platform to start swapping crypto. Additionally, you can also purchase crypto using multiple payment methods such as credit, debit cards, or bank payments. SimpleSwap is suitable for both beginners and expert investors.

  • ChangeNow

It is a non-custodial instant exchange used for swapping cryptocurrencies. ChangeNow uses the liquidity provided by 10 CEXs and DEXs to facilitate trades and ensures competitive rates. It supports around 700 coins and a wide range of trading pairs. Users can start swapping crypto without any sign up. ChangeNow also provides mobile app for android users.

You can also utilize the Pro service which offers 3 plans which can be used for earning cashback rewards. Free plan is also available offering 0.1% cashback rewards and unlimited crypto loans.

  • StealthEx

It is a beginner-friendly crypto exchange that allows instant swap of cryptocurrencies. StealthEx also does not require any account registration or KYC process. Users can exchange any amount of crypto but are required to pay network fees. It supports swapping of over 1400 assets. The vast range of supported cryptocurrencies makes this platform worthy for exchanging crypto.

In addition to the swapping services, StealthEx provides educational resources to help users understand the process better. For any issues or queries, they also provide customer support via email.

  • Changelly

It is one of the oldest instant exchanges used to swap cryptocurrencies. Both desktop platform and mobile app are available to facilitate swapping of coins. Changelly supports wide range of crypto assets and allows instant exchange of these assets through its user-friendly interface. It is non-custodial platform which means crypto are not stored on platform. Just like all instant exchanges, it also charges network fees although it does not charge any additional fees. This platform aims to provide seamless experience for users looking to exchange crypto efficiently.

Unlike traditional crypto exchanges that may offer advanced trading features, Changelly focuses on instant exchange service.

  • SwapSpace

It is another user-friendly instant exchange that supports a diverse range of crypto assets and pairs. For instance, it supports 1750 coins at best market rates. Interestingly, SwapSpace also displays swap offers with competitive rates and time duration. It aggregates liquidity from 30 partners which includes popular centralized exchanges, and other instant swap services. Both fixed and floating rate options are available. SwapSpace is a convenient and secure platform for users looking to swap cryptocurrencies quickly and without the hassle of account registration. Its non-custodial nature and support for a wide range of digital assets make it an attractive option for both beginners and seasoned traders.

Crypto.com Review 2024

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crypto exchange reviews

Crypto.com: The Most Secure Crypto Exchange

Crypto.com is a popular crypto exchange used for spot, derivatives and margin trading. It offers comprehensive ecosystem for crypto investors. There are over 350 tradable cryptocurrencies and 21 assets for staking. Alongside browser platform, mobile app is also available which is user-friendly and suitable for beginners. Interestingly, platform offers high-speed trading and deep liquidity.

Crypto.com is considered the most secure crypto exchange because of its regulatory compliance and security certifications. The platform has millions of users around the world. Its focus on regulatory compliance and global expansion has strengthened its position as a prominent crypto exchange.

Pros and Cons

ProsCons
350+ tradable cryptocurrenciesHigher fees without CRO staking
Mobile app also available 
Crypto staking to earn rewards 
Crypto visa card for earning cashback rewards 
DeFi wallet also available 
  

Trading Fees

The fees are high for users who have not staked CRO. Traders with monthly trade volume below $250,000, pay 0.075% fees. They can get discounts by staking CRO. Here’s the complete detail of the transaction fees without CRO staking:

TRADING VOLUMEMAKER FEETAKER FEE
Less than $250,000 (Level 1)0.075%0.075%
$250,000 to $1 million (Level 2)0.07%0.072%
$1 million to $5 million (Level 3)0.065%0.069%
$5 million to $10 million (Level 4)0.06%0.065%
Above $10 million (Level 5)0.00%0.05%

Trading Experience

Crypto.com provides complete set of trading tools for professional traders. Under the single trading interface, you can choose either trading bots or manual trade. The charting system comes with complete set of tools for technical analysis. By trading on Crypto.com, you can access multiple advanced order types such as OCO limit, OCO market, stop-loss limit, stop-loss market and others.

Crypto.com supports three types of trading including spot, derivatives and OTC trading. OTC portal provides competitive rates for large-volume trades. You can trade wide range of futures and perpetual contracts. Overall, the platform is suitable for trading in multiple markets.

Other Features

Apart from trading, Crypto.com offers many other interesting features. The platform offers staking service for users who want to earn passive income with crypto. Users can earn up to 19% APR. Currently, 21 assets which also includes stablecoin such as Tether, can be staked.

Crypto visa card is Crypto.com’s best feature specifically designed for those who want to use crypto for everyday purchases. This card provides cashback rewards depending on user’s CRO holding. Being a native coin of Crypto.com, CRO provides various incentives. You can get maximum cashback rewards for CRO staking of $400,000.

Another interesting feature is DeFi wallet that can be used for storing and swapping cryptocurrencies. It also provides access to various DeFi procotols.

Customer Service & Satisfaction

Crypto.com provides multiple channels for customer support. Customers can use the live chat feature or send emails if they have any queries or any problem. Additionally, Crypto.com educational resources are also very helpful for customers.

On G2, there are 13 reviews about Crypto.com which makes the overall rating 4.2 out of 5. Most customers seem to admire various products like visa card, and native token like CRO, ease of use, and diversity of tradable assets. On the other hand, some customers also complain about slow speed of the application.

Company Overview

Crypto.com company was founded by Bobby Bao, Kris Marszalek, and Rafael Melo in 2016. Originally named as “Monaco”, the company rebranded to Crypto.com in 2018. Initially, it focused on crypto trading services, but later evolved into a cryptocurrency ecosystem and now provides multiple financial services. The platform also offers margin and derivatives trading. Crypto.com also partnered with Shopify in 2022 to enable merchants to take payments in cryptocurrency.

Crypto.com has also registered with FinCEN organization as a Money Services Business. This crypto exchange is regulated in many regions such as Europe, and Australia. The platform has sustained robust security measures and earned security certifications.

Binance Trading Bots Review 2024

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trading bot reviews

How Binance Trading Bots Work

Apart from manual trading, Binance also allows automated trading with complete customization. Users can utilize spot grid, futures grid, and Arbitrage, Rebalancing and Algo Order bots. All these bots are designed to capitalize on specific market conditions to generate profits. But the profitability often depends on the parameters set by user, and timing of trades. Each bot has built-in trading strategy.

Spot grid bot executes buy or sell orders in specific price range. Futures grid also uses that strategy with the only difference that it deals with futures contracts rather than assets. Binance’s arbitrage bot is different from other arbitrage bots. It works by taking opposite positions on two different markets such as spot market and futures market. The bot exploits the funding rate difference to make profit.

Pros and Cons

ProsCons
Diverse range of trading botsCan be overwhelming for beginners
Both manual configuration and AI-based configuration availableBots are not immune to market risks
Template strategies also available 
Fast trade execution 
Auto-invest feature which uses DCA strategy 
  

Trading Experience

On the trading interface, you can select various bots including spot grid, futures grid, Arbitrage, Rebalancing, and Algo Order. By utilizing the advanced charting tools, and technical indicators, users can gain insights to set the bot parameters. Specifically in case of grid bot, users can manually configure the price range, and number of grids or use AI-based configurations which are decided by AI. Additionally, they can also copy pre-built templates all of which have varying Return-On-Investment (ROI). Some of these templates have more than 50% ROI. Although these can be profitable but same results are not guaranteed due to dynamic nature of crypto market.

Apart from bot trading, Binance offers auto-invest feature that utilizes DCA strategy to generate profits. This feature allows users to set custom auto-investment plans for regular purchases. Users can choose:

  • Single Token Plan: For investing in one cryptocurrency.
  • Portfolio Plan: For investing in multiple cryptocurrencies.

Some of the purchased crypto are automatically deposited into Simple Earn, where they can generate interest. Auto-invest feature helps users benefit from both price appreciations and interest earnings.

Profitability and Risks

Despite the mitigation of human error and boosting investment performance through strategy-based trading, profits are not always guaranteed. Spot grid bot can face losses in case of continuously declining markets. DCA strategy also requires stable price movements or long-term upward trends, but it may not perform well during high volatility. Moreover, setting parameters for bots require expertise in strategy-based trading.

Both spot grid and DCA bots can generate good profits if asset’s price has stable movements. The profitability of arbitrage bot is only affected if price discrepancy between different markets is decreasing. Binance provides the option to launch multiple bots to diversify your investment which can potentially increase the profits. Despite having your bots set up in optimal market conditions, monitoring the trade performance is also important.

Concluding Remarks

Binance supports both manual trading and automated trading, offering various trading bots for executing different trade strategies. Futures traders can utilize Binance’s unique futures grid bot, which is not widely available on other platforms. Specifically for automated futures trading, Binance is suitable platform. Users can also leverage templates to simplify bot setup. Profitability mostly depends on bot parameters, prevailing market conditions, and bot’s underlying strategy. Crypto assets with stable price movements or long-term upward trend are better for investment. Remember that this overview is not financial advice, as market conditions can vary for different individuals.

The Best Trading Bots to Maximize Profits

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trading bots review

How Different Trading Bots Work?

Trading bots are algorithms that execute trades at fast speed based on predefined parameters. They utilize real-time market data provided by APIs and data feeds to gain awareness of market conditions and employ order book system to assess market liquidity, determining optimal price for entering or exiting a trade. While all trading bots work by using these tools, they differ in their respective strategies. For example, DCA bot utilizes DCA or Dollar Cost Averaging strategy which involves buying or selling assets in specific quantities at regular intervals to reduce effect of price volatility on investment. Similarly, grid bot operates within a price range enabling traders to capitalize on optimal price points.

They also enable high-frequency trading, which is not possible through manual trading. These bots work with minimal latency and execute trades in milliseconds, reacting to market conditions and placing orders instantaneously. In contrast, manual trading involves small delays which can lead to lower profits.

Grid Bot Review

This trading bot is well-suited for beginners who are just getting started with automated trading. Unlike long-term strategies which can be sophisticated, grid strategy allows traders to take benefit from short-term price movements in both directions. You select a specific price range such as $50,000 to $60,000 for BTC, if current price is fluctuating around $54,000. If you use grid spacing of $1000, the bot will place buy orders at $53,000, $52,000 and $51,000 and sell orders at $56,000, $57,000 and $58,000.

It’s important to note that bot does not execute trades if price of asset goes outside the predefined range. This strategy is similar to day trading, where you focus on short-term price movements within a specific range.

Various dedicated platforms such as 3Commas provide grid trading bots. You can also use crypto exchanges like Binance and Pionex for automated grid trading. On Binance and Pionex, you can either manually configure the parameters or let the AI decide the optimal parameters for you.

DCA Bot Review

It is a bot that uses Dollar Cost Averaging (DCA), which is one of the most popular trading strategies. In this strategy, a large investment is divided into smaller parts all of which are bought or sold in specific intervals. The effect of price volatility is spread across these small investments. If big investment is done at single time, it can lead to bigger losses. That’s why, DCA strategy is very effective in reducing the impact of price volatility.

The profitability of a DCA bot depends on long-term price trends. The bot purchases assets at regular intervals, regardless of the asset’s price at the time, which averages out the cost of the investment. The strategy works best when the asset’s value is gradually increasing over time. By consistently buying assets at lower price points during downturns and selling at higher prices during uptrends, the bot generates profits.

Arbitrage Bot Review

Arbitrage bot leverages multiple markets rather than focusing on single market. It uses price discrepancies between different markets or different exchanges to generate profit. The amount of profit earned depends largely on size of price discrepancies. For example, if BTC costs $55,000 on exchange A and $55,250 on exchange B, the bot would purchase BTC from exchange A and sell at exchange B, resulting in profit of $250.

Arbitrage trading can be challenging without the use of bots because manually executing trade can be slower and price discrepancies may disappear before trade is executed, resulting in missed profit opportunities.

Managing The Risks

While bots are very effective in achieving higher returns on investment by capitalizing on high-speed trading and built-in strategies, there remains chances of losses if market keep moving unfavourably. That’s why, doing a technical analysis prior to automated trading is crucial. It is also important to define risk tolerance and set specific loss limits to protect long-term profits.

Understanding potential price movements, and defining risk limits, help in setting effective parameters for bot trading. An important tool you can leverage is simulated trading, which allows you to gain experience and see how your trading bots would perform under different market conditions.

Top 4 Trading Bots in 2024

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top trading bots

Manual Trading vs Automated Trading

Automated trading has become popular in the recent years due to the advantages it provides. Key benefits include fast trade execution and the ability to trade at high frequency which many traders find advantageous. Automated trading systems or trading bots utilize built-in strategy and execute trades automatically based on predefined parameters. This allows fast and efficient trade execution often in milliseconds.

In contrast, manual trading requires you to manually place orders. The trade execution speed can be slower in this case. Automated trading also comes with its own risks. In volatile and declining markets, a bot may continue executing trades based on predefined rules which can lead to losses if market moves unfavourably. Automated trading is considered as rule-based trading because it involves specific strategy. This also eliminates human errors, or any decisions based on emotion.

Top 4 Trading Bots

Trading bots utilize real-time data provided by APIs and data feeds to make trading decisions. Different platforms offer varying degree of customization for the bots. Some platforms allow you to set specific technical indicators for your trade strategy while other platforms require minimal configuration for the bots. When choosing a trading bot platform consider factors like security, ease of use, customization and flexibility, costs and performance, and reputation. In this article, we review different trading bot platforms.

  1. Coinrule

It is an automated trading platform that allows investors to create and deploy trading bots without coding knowledge. The user-friendly interface allows beginners to easily navigate the platform. Free plan is also available for those who are just getting started with automated trading.

Coinrule currently offers 250+ trading strategies. Users also have the option to create their own strategy. Apart from free plan, there are three other plans with advanced features. The Hobbyist plan and Trader plan are priced at $29.99 and $59.99 respectively and provide advanced features such as multiple connected exchanges, advanced indicators, copy trading and more. While the Pro plan costs $449.99 with better features. Additionally, Coinrule also allows backtesting of strategies.

  • 3Commas

It is a popular platform used for automated trading. 3Commas provide comprehensive set of trading tools including trade bots, portfolio tracking tool, and others. This platform is suitable for experienced traders who have sound knowledge of various trading strategies. Through 3Commas, users can also access trading signal marketplace and use specific signal for their bot.

3Commas provide DCA, grid and signals bots for specific trade strategies. You can also monitor the performance of trades executed by bots through the dashboard. 3Commas support popular crypto exchanges like Binance, OKX, Bitfinex, Bybit and others. Free plan is also available with limited features. All paid plans are affordable and give access to multiple bots.

  • Shrimpy

Shrimpy is one of the best platforms for automated portfolio management. You can run automated trades and also test different trade strategies. The platform is easy to use and gives a comprehensive dashboard. This platform empowers traders by enabling them to manage multiple virtual portfolios. Smart rebalancing feature and DCA strategies are also available. One thing that sets Shrimpy apart from other platforms is the smart order routing which provides the best rates for traders. Free plan is also available along with paid plans. For automated trading especially automated DCA strategy, Shrimpy is a good option.

  • Cryptohopper

It is trading bot platform suitable for both beginners and experienced traders. It can be used for automated trading and portfolio management. Social trading option is also available for those who want to copy other professional traders. Users can set specific trade bots with predefined parameters. Moreover, you can connect to multiple exchanges and easily manage your portfolio. Cryptohopper also supports trailing orders specifically designed to lock on profits or reduce losses.

If you are unaware of how strategies work, you can utilize the paper trading feature to simulate trades to gain experience. You can also backtest strategies. And lastly, Cryptohopper’s strategy designer can be useful for creating your own custom strategy using a combination of technical indicators without coding.

Trust Wallet Review 2024

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crypto wallet reviews

Overview of Trust Wallet

Trust Wallet is a DeFi wallet that can be used for storing, swapping and staking cryptocurrencies. Being a self-custody wallet, it gives users full control over their private keys. Although it is managed by centralized authority like Binance but enables decentralization of funds due to its non-custodial nature. Multiple payment options are available including credit/debit card and bank payment to purchase crypto.

This wallet is one of the most secure crypto wallets whose open-source code has also been independently audited by industry experts. It has around 100 million users most of which came from Binance. Crypto exchange’s large user base has helped boost its popularity.

Pros and Cons

ProsCons
Supports millions of crypto assets across 100 blockchainsLimited customer support
Access to staking serviceDoes not support 2-Factor Authentication
User-friendly interface 
Strong security 
  
  

How Trust Wallet Works

Being a decentralized application, Trust wallet interacts with multiple blockchains. Each blockchain independently manages the transaction data while Trust wallet stores private keys on user’s device. Using the private key, user can access his funds across different blockchain networks. The private keys are used to sign transaction and to prove ownership of crypto assets. If device is lost, then seed phrase is used to recover your wallet account and regenerate the private key.

Once a user downloads the browser extension or mobile app and signs up, a new wallet is generated with a set of private keys and seed phrase (recovery phase). He can manage coins across blockchains like Ethereum, Bitcoin, BSC and others. To make a transaction, user enters the crypto amount and recipient’s address. The transaction data is recorded on the blockchain. Furthermore, Trust wallet’s partnership with payment providers also enables purchase of crypto within the app.

Trust wallet have maintained community-driven nature of the platform just like other decentralized applications. New updates and improvements are regularly added with community feedback and suggestions. Recently, blockchain support has expanded and includes new blockchains like Moonbeam, Mantle, Neon, ThunderCore, etc.

Features

The top feature of Trust Wallet is its extensive cryptocurrency support. It supports millions of crypto assets across 100 blockchains. You can also access a diverse array of tokens. Currently, 24 coins are available for staking with good APR rates. Not only you can store and swap coins but you can also earn passive income by staking.

Trust wallet provides efficient swapping of crypto at low gas fees and the best rates. Interestingly, the distribution of orders on multiple DEXs offer slippage protection. Moreover, you can purchase crypto with over 100 fiat currencies at the best rates. Trust wallet’s DApp browser allows users to interact with these applications.

Security

The backing from Binance, provides Trust wallet the industry-leading security features. Multiple tools including monitoring systems, encryption technologies, and cloud backups, ensure safety of the application. Moreover, users can connect a hardware wallet with Trust wallet which adds additional layer of security. The platform is also independently audited by multiple auditing firms to identify any vulnerabilities in code. Trust wallet also runs a Bug bounty program to incentivize people to identify security vulnerabilities.

Concluding Remarks

Trust wallet is a reliable crypto wallet with versatile utility. It provides access to millions of crypto assets and NFTs. Apart from storing and swapping crypto, users have ability to stake their coins to generate passive income. Trust wallet’s DApp browser is one of the best features. Overall, Trust wallet is a good option if you plan to store crypto. The industry-leading security provided by Binance ensures the safety of application. While the web-based nature of this wallet does not completely eliminate chances of hack, but safety on software and network level is achieved. Users can also connect their hardware wallet with this wallet to increase security of their funds.

Gemini review 2024 – Trading Experience and All Features

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crypto exchange review

Gemini: Beginner-Friendly Crypto Exchange

Gemini is one of the best user-friendly crypto exchanges. It is suitable for new crypto investors who want to manage their crypto assets. Professional traders take benefit of its Active Trader, an advanced trading platform. Gemini supports over 100 crypto assets and multiple derivatives products for trading. Specifically for large-volume traders, it offers Over-The-Counter (OTC) trading service.

This US-based crypto exchange is regulated by New York State Department of Financial Services (NYSDFS). This crypto exchange is a very secure and reliable platform for normal and institutional investors.

Pros and Cons

ProsCons
Beginner-friendly interfaceHigh trading fees
Derivatives products also availableSmall range of tradable assets compared to other crypto exchanges
Users can stake crypto 
Crypto credit card 
  
  

Trading Fees

Gemini offers different fee structure for simple platform and Active Trader. Simple platform has relatively higher fees compared to Active Trader and the fees amount vary depending on the order size.

WEB ORDER AMOUNT – USDTRANSACTION FEE¹ – USD
≤ $10.00$0.99
> $10.00 but ≤ $25.00$1.49
> $25.00 but ≤ $50.00$1.99
> $50.00 but ≤ $200.00$2.99
> $200.001.49% of your Web Order value

And the fee structure for Active Trader is based on monthly trade volume rather than individual order size.

30-DAY TRADING VOLUME IN (USD NOTIONAL)TAKER FEEMAKER FEE
00.40%0.20%
≥ $10,0000.30%0.10%
≥ $50,0000.25%0.10%
≥ $100,0000.20%0.08%
≥ $1,000,0000.15%0.05%
≥ $5,000,0000.10%0.03%
≥ $10,000,0000.08%0.02%
≥ $50,000,0000.05%0.00%
≥ $100,000,0000.04%0.00%
≥ $500,000,0000.03%0.00%

Trading Experience

The Gemini exchange which is tailored for beginners has a simple interface and allows them to easily execute trades. They can also set recurring buys and view their portfolio. The only disadvantage of using this simple platform is the high fees. On the other hand, Active Trader is tailored for professional traders who want to execute custom trades like stop-limit orders. It provides advanced charting, technical indicators, and order book visibility. Unlike other crypto exchanges, Active Trader has fewer order types including limit, stop-limit and market.

Gemini’s spot trading services are available in the US, but derivatives trading is not available in US, UK or EU. Users from other countries can trade perpetual contracts with up to 100x leverage and enjoy fast trade execution speed.

Gemini Active Trader

Other Features

Gemini provides many other features including staking service, credit card, and a NFT marketplace all of which allow users to earn crypto. One of the downsides of staking on Gemini is that it provides only 3 assets for staking. Also, stablecoins are not available for staking. The credit card is one of the top features of Gemini that provides cashback rewards whenever you spend your crypto. Users do not have to pay any annual fee and can take benefit of world-class security of Gemini. And lastly, NiftyGateway is Gemini’s NFT marketplace where users can trade NFTs or digital art.

Customer Service & Satisfaction

Gemini does not provide multiple channels for customer support like live chat, email, and phone support. Customers can use the request form to submit a complaint if they have any issue. Gemini offers good amount of educational material specifically for the queries of customers.

On G2, Gemini got 17 reviews and overall rating of 3.7 out of 5. Customers seem to admire the user-friendly interface, high liquidity, credit card feature, and security of the platform. On the other hand, some customers complain about poor customer support, and restriction of services in some regions.

Company Overview

Gemini Trust Company was founded by two American investors, Cameron and Tyler Winklevoss in 2014. The crypto exchange is available in all states of the US. This crypto exchange is considered one of the most regulated crypto exchanges because of its adherence to highest level of capital reserve requirements and banking compliance standards. Gemini is also registered with FinCEN as money services business and complies with AML regulations. The industry-leading security of Gemini has also helped it earn SOC 1 Type 2 and SOC 2 Type 2 certifications. That’s why, Gemini is a very reliable crypto exchange for spot trading and other crypto-related services.

Top 5 crypto wallets in 2024

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crypto wallets review

Overview of Self-Custody Wallets

DeFi wallets make decentralization of funds possible which means funds are not controlled by central authority. Users have full control over their private keys and manage their funds. Unlike custodial wallet which is integrated into crypto exchange and do not give access to private keys, self-custody wallet is not integrated into any trading platform. You can use such wallet on any DeFi platform like NFT marketplaces, and DEXs.

In the recent years, multi-chain functionality has also become popular feature of crypto wallets. Multi-chain wallets allow users to manage cryptocurrencies from different blockchains in a single interface. In this review, we explore features and reliability of top 5 multi-chain wallets.

Choosing the Best Wallet

The DeFi wallets are web-based wallets connected to internet. Without robust security measures, they can be hacked. That’s why researching about security measures like encryption technologies, multi-signature support and network security of wallet providers is necessary to ensure you choose a reliable wallet. The supported crypto assets, multi-chain functionality, user-friendliness, DeFi integration and reputation are other important factors to consider when choosing a crypto wallet. Here are the top 5 multi-chain wallets:

  1. Trust Wallet

Trust wallet is one of the most popular crypto wallets with multi-chain access. Mobile app is also available so users can manage their assets from their smartphone. The reason we consider this as the top wallet is its vast blockchain support. Trust wallet supports 250,000 cryptocurrencies across 65 blockchains. Its user-friendly interface makes it easy to use for beginners. Users can manage their assets through a single interface.

You can send, receive, swap and stake wide range of coins and tokens. Another interesting feature is the ability to view and manage NFTs. Initially, this wallet was developed by Trust Wallet B.V but later acquired by Binance. Company utilizes strong encryption, security audits, monitoring systems, and bug bounty program to maintain the wallet security. Overall, it is a very good option for new and experienced traders.

  • MetaMask

It is a popular multi-chain wallet used to manage crypto assets. It mainly supports EVM-compatible blockchains like Ethereum, Binance Smart Chain and other networks. It is available as browser extension and mobile app. It provides access to wide range of Ethereum-based tokens and staking service. Its user-interface is more technical than beginner-friendly.

Metamask has also publicly revealed the security audit reports by security experts which proves its dedication to the security of platform. Moreover, it can also be integrated with hardware wallets which can further enhance security. Metamask is a good option for those who want to manage Ethereum-based tokens.

  • Coinbase wallet

It is a reliable crypto wallet developed by Coinbase company. It supports wide range of cryptocurrencies and provides access to decentralized applications. Its user-friendly interface makes it a good option for beginners. Its industry-leading security also makes it a reliable wallet. The prominent feature is its integration with Coinbase exchange which allows users to transfer funds to the exchange for trading. Beginners can also use the educational material provided by the Coinbase specifically about the wallet’s functionality.

For transactions, users pay the network fees which can vary depending on network congestion. Moreover, despite being self-custodial wallet allowing users the full control over their private keys, its still managed by centralized company which may be subject to regulatory compliance.

  • Crypto.com wallet

It is another popular wallet developed by crypto.com. Users who trade crypto on crypto.com can use this wallet for storing and transferring assets. This wallet also provides access to many decentralized applications and support NFTs. It supports 36 blockchains and 700 tokens. It can be considered one of the top wallets with diverse blockchain support. Being integrated with crypto.com exchange, users can easily transfer funds between exchange and wallet allowing them to benefit from centralized services of the exchange.

When using this wallet, you have the option to choose preferred network fee and confirmation speed. If you are a crypto.com trader, this wallet would be a good option.

  • Gemini wallet

It is a beginner-friendly crypto wallet that enables users to manage their assets. Users can store, withdraw and swap coins easily. This wallet was developed by Gemini which also operates crypto exchange. It supports over 100 cryptocurrencies and provides staking service. Users can stake coins to earn rewards while also having the ability to manage these assets. This wallet supports 8 blockchains and is considered very secure. Gemini traders can use this wallet for trading crypto while also taking advantage of high-security standards of Gemini. The intuitive user interface makes it very easy to use which is its top feature.

Kraken review 2024 – Trading Experience and All Features

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crypto exchange reviews

Kraken: User-friendly Crypto Exchange

Kraken is a reliable crypto exchange with user-friendly interface. It is also among the top crypto exchanges in terms of trade volume. Both the mobile app and desktop platform are easy to use allowing access to over 200 tradable cryptocurrencies. Kraken allows access to spot, margin and futures trading. The security infrastructure that Kraken implemented has helped it meet highest financial security standards, putting it among the list of most secure crypto exchanges.

This platform is good for crypto portfolio development and suited for both beginners and professional traders. Beside trading, it also offers products to earn passive income with crypto.

Pros and Cons

ProsCons
Access to over 200 tradable assetsHigh fees
Margin and futures tradingAccepts few fiat currencies
User-friendly interface 
Extensive educational resources 
Crypto staking also available 
  

Trade Fees

Kraken Pro charge less fees compared to the normal platform. The fees are based on monthly trade volume. For large-volume traders who do not trade frequently, Kraken suggests the OTC service which is a cost-effective option. Here’s the Kraken Pro fee structure:

30-Day Volume (USD)MakerTaker
$0 – $10,0000.25%0.40%
$10,001 – $50,0000.20%0.35%
$50,001 – $100,0000.14%0.24%
$100,001 – $250,0000.12%0.22%
$250,001 – $500,0000.10%0.20%
$500,001 – $1,000,0000.08%0.18%
$1,000,001 – $2,500,0000.06%0.16%
$2,500,001 – $5,000,0000.04%0.14%
$5,000,001 – $10,000,0000.02%0.12%
$10,000,000+0.00%0.10%

Trading Experience

While beginners can use the simple platform to buy or sell crypto, Kraken Pro is for experienced traders who can use various order types. Kraken Pro has user-friendly interface that provides access to various trading tools like charts and order book system. Users can manage their portfolio and can also view trading data. Kraken gives access to diverse range of order types including limit, market, stop loss, stop loss limit, take profit, take profit limit, trailing stop and iceberg which facilitate traders in specific trade strategies. For example, stop loss order is used to specify a low price at which crypto asset must be sold to prevent further losses in case of a price downfall.

Kraken Trade Interface

Other Features

An interesting feature is Kraken wallet which is a self-custody wallet. It means, you control the private keys and have complete control over your funds. The multi-chain functionality, access to DeFi apps, and world-class security, make this wallet a great option.

Kraken has also launched its NFT marketplace where users can trade NFTs. There is wide collection of NFTs in various categories. You can also buy decentraland metaverse NFTs from the marketplace. Another great feature is staking service. You can stake various coins to earn interest. Wide range of coins including ETH, DOT, SOL, stablecoins and many more are available. Tether coin has very good APR rate currently on kraken.

Customer Service & Satisfaction

Kraken offers 24/7 customer support through channels including live chat and email. If customers have any issue, they can send message to customer support representative. Additionally, educational material provided by Kraken are also helpful to customers. Many customers have posted reviews about this crypto exchange on G2 which makes Kraken’s overall rating as 4.1 out of 5. Many customers admire availability of diverse range of coins, and also security of the platform. Some customers complain about poor responsiveness on mobile app, and unsatisfactory customer support.

Company Overview

Kraken is one of the earliest crypto exchanges. It is based in US and was founded in 2011 by Jesse Powell, a tech entrepreneur. Kraken specializes in providing spot trading and futures trading services. The company also gained popularity for its robust security measures like cold storage, and security audits. It also diversified to other services like margin trading, staking and NFT trading. Now, Kraken is among the top crypto exchanges in terms of trade volume and user base.

OKX Review 2024 – Trading Experience and All Features

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crypto exchange review

OKX: Professional Crypto Exchange

OKX is a good rival of Binance, that provides tools and services specifically for advanced traders. Availability of large number of tradable assets and low fees makes this platform ideal for crypto investors. Features like bot trading allow professional traders to earn good profits using specific trade strategies.

OKX is suitable for professional traders who can use advanced order types. Both manual trading and automated trading options are available. You can also use this platform for margin and derivatives trading.

Pros and Cons

ProsCons
More than 300 tradable cryptoDifficult for beginners
Low fees for spot tradingLimited payment options
Bot trading and copy trading 
Crypto staking feature 
Very secure platform 
  

Trading Fees

OKX takes low transaction fees. You can get further discount by becoming VIP user and by holding specific OKB coins. Here’s the fee structure for regular users.

TierTotal OKB HoldingAssets (USD) or 30-day Trading Volume (USD)Maker FeeTaker Fee24h Crypto Withdrawal Limit (USD)
Lvl 1< 100< 100,000    / < 5,000,0000.080%0.100%10,000,000
Lvl 2≥ 100< 100,000    / < 5,000,0000.075%0.090%10,000,000
Lvl 3≥ 200< 100,000    / < 5,000,0000.070%0.080%10,000,000
Lvl 4≥ 500< 100,000    / < 5,000,0000.065%0.070%10,000,000
Lvl 5≥ 1,000< 100,000    / < 5,000,0000.060%0.060%10,000,000

Here’s the fee structure for VIP users.

TierAssets (USD) or 30-day Trading Volume (USD)Maker FeeTaker Fee24h Crypto Withdrawal Limit (USD)
VIP 1≥ 100,000 / ≥ 5,000,0000.045%0.050%12,000,000
VIP 2≥ 500,000 / ≥ 10,000,0000.040%0.045%16,000,000
VIP 3≥ 2,000,000 / ≥ 20,000,0000.030%0.040%20,000,000
VIP 4≥ 5,000,000 / ≥ 100,000,0000.020%0.035%24,000,000
VIP 5≥ 10,000,000 / ≥ 200,000,0000.000%0.030%30,000,000
VIP 6— / ≥ 500,000,000-0.002%0.025%36,000,000
VIP 7— / ≥ 1,000,000,000-0.005%0.020%40,000,000
VIP 8— / ≥ 5,000,000,000-0.005%0.015%40,000,000

Trading Experience

The trading interface is well-structured and user-friendly though beginners still need to familiarize themselves with order book system and various order types. Three types of charts are available including original OKX’s chart, TradingView and Depth chart. There are multiple customizable technical indicators for studying the price movements. Users have the option to choose from multiple order types including limit, market, and advanced types like TP/SL, trailing stop, trigger, advanced limit, iceberg and TWAP. These are suitable for algorithmic and institutional traders who execute large orders using optimized strategy.

Furthermore, OKX provides trading data of various markets and arbitrage data too. These can be very useful for analysing the market sentiment and for managing the risk. The unique thing is that OKX offers wide range of trading bots such as DCA, grid, and arbitrage bots. The platform is mostly tailored to  advanced traders while beginners can use the copy trading feature if they don’t have experience in automated trading.

OKX Trade Interface

Other Features

OKX’s Simple Earn feature is a great way to earn rewards. It uses blockchain staking and other strategies to generate rewards for users based on specific APR rate. The APR offered by this platform are significantly higher than that offered by other staking platforms. On-chain staking is another option for staking crypto.

Dual-investment products are another great tool to earn money. These products offer very high APR rate. In the process, you buy specific asset at low price and sell at high and earn extra interest. OKX offers comprehensive tools to earn passive income with crypto.

Customer Service & Satisfaction

OKX provides multiple channels for customer support including live chat and email. The platform provides extensive FAQ section and educational resources if users have any queries. 50 reviews have been posted on G2 about OKX which makes its overall rating at 4.7 out of 5. Many customers admire the user-friendliness, fast trade execution, low trading fees and overall reliability of platform. Some of the customers have also raised concerns about slow-speed P2P trading. Interestingly, almost all reviews are very positive, unlike reviews of other crypto exchanges.

Company Overview

OKX was founded by Star Xu in 2017 and is based in Seychelles. Star Xu whose full name is Xu Mingxing, founded the OK group which also includes OKX company. The group has expanded to provide multiple financial services. The OK group has played an important role in bringing technological advancements in blockchain ecosystem which helped to build advanced crypto trading services. Another significant achievement is building security infrastructure which implements multi-layered security protocols, and advanced encryption, all of which earned the OKX, SOC 2 Type II Certification. The advanced trading features like margin, derivatives and bot trading has helped the platform gain popularity. Now, there are around 50 million users worldwide.