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Crypto Trading sites

Ammah45
Posts: 79 Forumite

Hi,
I was wondering if someone could explain the crypto trading sites and the differences between them when it comes to value you get from each platform.
There seems to be a clear difference between these sites that all have the same %age fees.
For example, I have signed up to 3 different platforms and have noticed that for the same money, you get different volume of the same crypto. For example, for £500, I was given 178 xrp on etoro but only 170 on kraken. I checked within the same minute. In fact, kraken always seems to give less, and when the price changes, it is slower to adjust.
Does anyone have a similar experience or has any recommendations on which platform is best to use?
I was wondering if someone could explain the crypto trading sites and the differences between them when it comes to value you get from each platform.
There seems to be a clear difference between these sites that all have the same %age fees.
For example, I have signed up to 3 different platforms and have noticed that for the same money, you get different volume of the same crypto. For example, for £500, I was given 178 xrp on etoro but only 170 on kraken. I checked within the same minute. In fact, kraken always seems to give less, and when the price changes, it is slower to adjust.
Does anyone have a similar experience or has any recommendations on which platform is best to use?
0
Comments
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I have no interest in crypto as I am not a gambler. One suggestion I would make if you want to get involved with it is to make any payments or from crypto trading from a secondary bank account - do not use you main account.1
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Like with many things, I wouldn't say there is a 'best' platform. Its really down to your circumstances and how you intend to invest/hold your crypto.
Remember that transaction fees that mean that you end up buying more crypto on one platform than on another, but you might get a better price (at any given point in time) with one platform to another.
Personally, I've purchased crypto on Kraken and transferred it to a cold storage wallet. Worked fine for me and found the costs/price acceptable, albeit I didn't do in-depth research as I was always going to store the coins in a cold wallet (ie off exchange) anyway.
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