facebookNewbies to crypto: Take advice you see here as a pinch of salt. Please do your own due diligence. - Seedly

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Anonymous

28 Apr 2021

Cryptocurrency

Newbies to crypto: Take advice you see here as a pinch of salt. Please do your own due diligence.

I was scrolling through my feed and saw a handful of crypto related posts. I see the same handful of people posting their referral codes on all crypto related posts. Please do your own research to see if that exchange is really suitable for you or not. Diff exchanges are suitable for diff people.

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Bobby Lee

28 Apr 2021

Investor at Investor@Singapore

Totally agree. Yes I am one of them people posting their referral codes, however I believe Gemini is the one to go overall.

Pros:

Stable platform (hasn't crashed during high volatility on me...yet...)

Low fees (0.35%)

Gemini Earn (Earn interest on your Crypto up to 7.4%)

MAS Regulated

Free withdrawals of Crypto (no fees when sending BTC, ETH etc... other exchanges all charge a fee from maybe $10-$50 to send crypto)

Simple to use app.

Allows Dollar Cost Averaging into cryptos automatically.

Fast deposits and withdrawals (within 15 minutes)

Cons:

Lack of Altcoins (no ADA, XRP etc..)

App is maybe too simple compared to Binance International's app

Summary:

If you're going to be just buying BTC/ETH, stick to Gemini, I also have accounts with Coinhako, Binance, Binance SG.

Binance is good for Altcoins, however their app did fail on me during the DOGE surge some time back. But their fees are the lowest (0.1%).

Coinhako is probably best for the laziest of lazy people, given their high fees (1%) and that the app crashes so often with the slightest surge in volume on crypto, I would advise people to stay away from Coinhako.

Binance SG is just too plain and there's no mobile app which is just a bit too lackluster. Fees are (0.6%)

If anyone would like to sign up to Gemini, do check out my referral link on my bio.

Invest safe everyone! :)​​​

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