Which platform is better, online buying or selling coins? Newbie Guide
Apr 21, 2025 am 11:15 AMThe comprehensive platforms suitable for mainstream currency trading are: 1. Binance, which has the advantage of the world's largest trading volume, supports 360 currencies, suitable for high-frequency traders; 2. OKX, which has the advantage of being an Asian compliance benchmark, suitable for conservative investors; 3. Gate.io, which has the advantage of supporting 3,800 currencies, suitable for hunters of small currencies.
1. Comprehensive trading platform (suitable for mainstream currency trading)
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Binance [ adiid]9f61408e3afb633e50cdf1b20de6f466[/adid]
Advantages: The world's largest trading volume (daily trading volume exceeds 100 billion US dollars), supports 360 currencies, and spot handling fees as low as 0.1%.
Security: 98% cold storage of assets, regular reserve audit
Suitable for people: high-frequency traders, multi-currency investors
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OKX
Advantages: Asian compliance benchmark (NYDFS supervision), interface friendly and support direct fiat currency deposit and withdrawal
Security: Cold Storage Insurance 2FA Two-Factor Certification
Suitable for people: conservative investors, users who are exposed to cryptocurrencies for the first time
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Gate.io
Advantages: Support 3800 currencies (the most comprehensive industry), BTC spot depth is US$128 million (slip point is only 0.015%)
Features: The average time for tokens in the innovation zone is only 3.2 hours, capturing early dividend opportunities
Suitable for people: small currency hunters, quantitative traders
2. Contract and derivatives specialization platform
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BYDFi
Advantages: Supports 200 times leverage perpetual contracts, creating an original risk control mechanism for "new positions that can be opened without profit"
Features: Integrate Web3 trading tool BYDFi MoonX, focusing on the MemeCoin track
Suitable for people: high-risk prefer contract traders
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Bybit
Advantages: The second largest derivatives trading volume in the world (daily trading US$21.8 billion), 100 times leverage
Liquidity: ETH perpetual contract spread is stable at USD 0.07 (industry average USD 0.22)
Risk warning: It was hacked by US$1.4 billion in 2025
3. Featured subdivision platform
Demand scenarios | Recommended platform | Core value points |
---|---|---|
Stablecoin trading | Kraken | Supports 20 fiat currency channels, transparent reserve report |
Institutional-level bulk transactions | OKX | Provide dark pool transactions and OTC services |
Revenue farming | Crypto.com | Visa card consumption cashback pledge is 8% annualized |
Decentralized Transactions (DEX) | Gate.io DEX module | No KYC required, support 4300 trading pairs |
4. Select suggestions and risk warnings
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Security priority:
Recognize licensed platforms (such as Coinbase/NYDFS, Binance/Japan FSA)
Enable 2FA verification, large assets are stored using cold storage packages
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Rate comparison:
platform Spot rate Contract rate Binance 0.1% 0.02% Gate.io 0.1-0.3% 0.05% Bybit 0.1% 0.01% -
Risk warning:
Small currency platforms (such as Gate.io Innovation Zone) fluctuate violently and need to be operated with caution
High leverage contracts may trigger positions, and it is recommended that the position of perpetual contracts shall not exceed 10% of the total assets.
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