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Crypto Exchanges & Trading Apps

by rich • Mar 6, 2022 • 29
edited by rich on Mar 27, 2024

If you are just starting out with cryptocurrency and ask "I'm new, which trading app should I use?" we have put together a list of our most recommended exchanges. In the future we'll post some reviews with pros/cons for each of these, but you'll find plenty of those already from other sources that post quality content.

 

Our Top Picks

 

BingX.com

US & International traders, no KYC/verification required.
25% rebate on trading fees for 90 days. Or get 20% off perpetual futures trading fees for 180 days with this link
+ 50 USDT signup bonus & 50 USDT when depositing $50 (limited offer)
US bank transfers not supported- see FAQs for info

BingX.com Referral and Signup Bonus



Bitget.com

20% rebate on ALL trading fees.
+ 1000 USDT coupon to cover fees & many bonuses for new user tasks completed.
Trade Hub + Bitget Referral


MEXC.com

International only, or through a VPN for US traders- no KYC/verification required.
10% of trading fees for 30 days + tons of trading bonuses, giveaway pools, airdrops, and events worth $1,000s of rewards.
US bank transfers not supported- see FAQs for info

MEXC.com Referral & Signup Bonus



OKX.com

International only, KYC/verification required.
25% off trading fees, 1 'Mystery Box' for signing up, and 1 Mystery Box worth up to $10,000 in crypto after depositing/buying at least $50 worth of crypto.

OKX.com Referral & Deposit Bonus



Pionex.com - Trading Bots

US & International traders, KYC/verification required.
The #1 exchange for automated trading bots and algorithms.
20% off spot & 15% off futures trading fees.

Pionex.com Trading Bots

 


US Residents

Binance US - $10 after trading $100 within 30 days. Typically U.S. traders use Binance.us to deposit via ACH (bank) transfer, debit card, wire, & other methods- and trade USD for USDT to then send to BingX for better trading.
Gate.us - Coming soon


Non-US Residents

BingX - 25% rebate on trading fees for 90 days + $30 bonus (Or get 20% off perpetual futures trading fees for 180 days with this link)
OKX - (International only) 25% off trading fees, 1 'Mystery Box' for signing up, and 1 Mystery Box worth up to $10,000 in crypto after depositing/buying at least $50 worth of crypto.
MEXC - 10% of trading fees for 30 days + tons of trading bonuses, giveaway pools, airdrops, and events with $1,000s of rewards. (I.e, $20,000 weekly futures event, $75,000 futures leaderboard pool, etc.)
Binance - 20% off all trading fees w/ Trade Hub referral + $100 USDT trade rebate
Gate.io - 40% off all trading fees w/ Trade Hub referral + $100 at signup + $30 after first deposit
Kucoin - 20% off fees w/ Trade Hub referral +  + 500 USDT welcome package

Some exchanges allow us to adjust the referral bonus, and we max it out so that you receive the best bonus and discounted trading fees.
Example;
Referral Bonus

 

FAQs

What are margin and future contracts?
What are perpetual futures contracts?

How can I deposit USD or buy crypto on an exchange to trade crypto futures or use a better exchange that US-only exchanges?

Due to (and sometimes lack of) regulations, US-only exchanges don't offer crypto futures or leverage. Non-US exchanges are better for the active trader, but don't offer the ability to link a bank account for ACH deposits and withdrawals, and are forced to use a 3rd party service to buy crypto which typically has ridiculous fees. The work around for this is to use a US-only exchange strictly for depositing/withdrawal using ACH tranfers, trading USD for USDT, then sending that over to your favored exchange. Up until recently, Binance.us was the #1 choice to do this, as they support multiple networks (ERC20, TRC20, BEP20, etc.) to send/receive tokens on a network that has low gas fees such as BEP20. Until further notice Binance.us has become a crypto-only exchange with no USD support. Alternatively, exchanges such as Coinbase or Kraken still support USD and offer linking of banks and cards- Kraken is the preferred method as it does support low gas/transaction fee networks such as TRC20 and Polygon, where Coinbase is network specific to the coin being sent or somtimes ERC20 so if you prfer their exchange it's best to use a low gas blockchain like Stellar(XLM).

Deposit steps:
1. Using Kraken or Coinbase with your bank linked, deposit USD.
2. Trade USD for USDT. (Or a low gas token like XLM if using Coinbase)
3. On your preferred exchange for trading, select deposit and choose USDT (or whichever coin chosen on Coinbase) and for network use TRC20 or Polygon. Copy the provided address.
4. On Kraken/Coinbase, select withdrawal and choose USDT (or whichever coin chosen on Coinbase) then the correct network you selected in the previous step.
5. Send it. Wait for it confirm on the blockchain, and now you can trade using a proper exchange with more volume, trading types, and better features than Kraken and Coinbase.

When withdrawaling; just trade whatever coins your holding for USDT and send it back to Kraken/Coinbase where you can transfer it to your bank via ACH.

 

Additional educational content & useful tools

We'll leave these here for now until we post more in-depth material.


How to read crypto charts
How to read candlestick charts

 

Get started with spot trading on MEXC

 

Introduction to futures on MEXC

 

Futures, margin, leveraging educational video library
Short guide to margin trading

 

Tools

Charts & Indicators
Crypto Screener

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