Review on CoinSpot by Anthony Smith
Fantastic for new aussie crypto users
Binance may be the biggest exchange on earth but it's inherently worrying considering that it lives in an unregulated grey zone where its not legally registered to any country, sooner or later it'll either be crushed buy a chinese or american regulatory body or it'll be regulated and will mess up whatever leverage scheme you're doing.
Stick to a regulated and legal exchange as an aussie like coinspot or swiftyx, coinspot is if you're newish to this space, or you hate needlessly complicated cluttered UI's like kucoin (even though its good, i just hate using it) or bittrex etc.
Takes a few pages out of coinbases book, except their night mode makes things great (bottom left of the screen amongst the affiliate links) for less eye strain, i believe (not 100% sure) they increase swap fees from 0.1% to 1% if you're active on the mobile app, so i'd leave most transfers and busy-work for when you're on a laptop or pc unless it's an emergency. Their fee system overall, is excellent and cheaper than most other exchanges, and with a large range of coins to speculate on, with a new one every week or so, they're doing great, most of the time whenever a coin pops up on binance or coinbase, they quickly adopt it within an hour aswell.
Pros
- Cheap swap fees on pc
- user friendly UI simple and easy with the complicated graphs where you need them
- this and swiftyx are both perfect for aussie users for most needs
Cons
- stop losses are unreliable in both their accuracy and even the price they trigger at, use with great caution
- if you're not australian i'd use something else
