Crypto Trading sites

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? 

Comments

  • MEM62
    MEM62 Posts: 5,231 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    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.  
  • george4064
    george4064 Posts: 2,913 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    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.
    "If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett

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