Binance US vs. Kraken Pro vs. Coinbase Pro vs. Coinbase

After trading and investing in cryptocurrencies for a few years, I have used and tried many different exchanges. I primarily deal in relatively small trades that are under $5K. As much as I want to use decentralized exchanges like Uniswap and 1inch exchange, I find that the gas fees are too exorbitant and have found myself migrating back to the central exchanges. The recent Robinhood debacle with Gamestop and AMC makes me hesitate using centralized exchanges, but for the time being they are the best option for my investing level. Here’s a breakdown of the exchanges that I like and use the most. Keep in mind that all three of these exchanges are usable by most people in the US (some exchanges aren’t licensed in each state). They all require KYC and all are some of the largest players in the space so that gives me more peace of mind trusting my money on them. Keep in mind that none of this is financial advice and that cryptocurrencies are extremely volatile and come with risk.

Kraken Pro:

Fees- One of the best aspects of Kraken are its low fees. Trades on Kraken are .26% or less depending on how much volume you trade and whether you are buying or selling.

Offerings- At the time of this writing, there are 59 cryptocurrencies (including stable coins) that can be purchased on Kraken Pro. Many of these coins have multiple pairings. As an example, I could sell my Litecoin directly into Bitcoin or vice versa. This reduces the volume of trades that I need to do.