Currently, cryptocurrency investment platforms in Vietnam are blooming in both quantity and quality. New types of services are launched to meet the diverse needs of users. However, choosing a reputable exchange, good service, etc. with affordable prices is a difficult question for most traders, especially newbies.
In this article, we will explore the pros and cons of the hottest trading platforms in 2020 with the most attractive trading fees!
Table of contents
- Remitano Wholesale
- Binance
- Bitfinex
- Coinbase Pro
- HitBTC
- Poloniex
- Free transaction programs
Remitano Wholesale
On 17/01/2020, Remitano officially launched a Wholesale investment channel for large transactions with up to 90% savings on the website. http://wholesale.remitano.com. This is a trading channel for wholesale investors, with a fee of only 0.1% and guaranteed safety, prestige when trading and fast speed on Remitano.
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- Only for large transactions from 1.5 BTC
Binance
Only after nearly 3 years from its inception, Binance is considered the largest exchange in the world until now. With lower-cost transaction fees, support for multiple trading pairs, and a diverse ecosystem, Binance has become the “choice of coin deposit” for many traders around the world.
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- Flexible transaction fee: taker: 0.1% and marker: 0.1%
- Many pairs of trading coins
- Many forms of investment
- Binance ecosystem
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- The fiat-crypto service is still young and difficult to convert to VND
- Often targeted by hackers
Bitfinex
Founded in 2012, Bitfinex is one of the oldest exchanges on the market. Since its inception, Bitfinex has been successful in supporting the listing of many coins and bridging the legal world.
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- Flexible transaction fee: from taker 0.2%, marker: 0.1%
- Support multiple trading pairs
- Support deposit / withdrawal via bank account
- Allow trading on margin (margin) up to 3.3x
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- Has been repeatedly attacked by security breaches of the floor
- Does not support Vietnamese
- There is no transparent relationship with Tether
Coinbase Pro
Established since 2012, Coinbase is considered one of the largest exchanges in the world with its headquarters in San Francisco, USA. With over 7.4 million users in 32 countries, Coinbase Pro is always the first choice of investors in major markets such as the UK, USA, Singapore, … for large transactions.
- Advantages:
- Flexible transaction fee: from taker 0.5% and maker 0.5%
- High liquidity
- Safe, good security system
- Support many forms of payment
- Simple interface, easy to use
- Defect:
- Customer service has not been evaluated well
- Not supporting the Vietnamese market yet
- Only low transaction fee (0.1%) is applied for transactions from USD 10 million
HitBTC
HitBTC is probably the unfamiliar name in the crypto market today. Founded in 2013 in the UK, HitBTC is a platform that provides the most advanced tools for users. In addition, large trading volume and high liquidity are also the highlight for this name.
- Advantages:
- Flexible transaction fee: from taker 0.07% and maker 0.07%
- High liquidity
- There are no deposit / withdrawal limits
- Support REST API and API FIX
- Defect:
- No support for Vietnamese and VND deposit
- Customer service has not been evaluated well
Poloniex
A typical crypto-crypto exchange in the world, Poloniex stands out for its strong security capabilities and diverse trading features. This is one of the exchanges used by many investors in the world.
- Advantages:
- Flexible transaction fees: from taker 0.09% and maker 0.09%
- Good security
- Margin support with up to 2.5x leverage
- There is no rule on minimum deposits
- Defect:
- Only make transactions on the website
- Time to send and withdraw money slowly: 30 minutes to 1 hour
- Customer service has not been evaluated well
- Does not support fiat recharge
- Does not support Vietnamese
- Only low transaction fees (less than 0.1%) apply to accounts with 30-day trading volume from 24 BTC
Free transaction programs
Besides the low-fee exchanges, there are many exchanges in the market that also support free trading programs. Typically, this will be the program of new exchanges, to find customers. Please thoroughly research all information related to the trading floor to avoid unnecessary losses!
Above are the exchanges that have been mentioned by the crypto community most recently. In general, each broker will have different advantages and disadvantages to serve different customer segments.
Comparison table of exchanges for large transactions of 1.5 BTC or more:
Depending on the selection criteria, each exchange has its own highlights. If you choose the criteria crypto-crypto floor with the cheapest cost HitBTC is a bright candidate, and fiat-crypto, is Remitano Wholesale.
However, for the Vietnamese market, in addition to the good price criteria, the Vietnamese support team is also very important in the transaction process. Therefore, Remitano Wholesale and Binance are outstanding 'candidates'. With only 0.1% transaction fee, Remitano has completely overcome the high fee disadvantage that investors are afraid of. This is really a big breakthrough for Remitano's fees, while Binance has always been a favorite crypto-crypto exchange.
In summary: If you are an investor with an amount of 1.5 BTC, use Remitano Wholesale to trade Crypto with VND; and use Binance to continue trading coins for profit.