Based on my personal experience, the recommended exchanges for server stability, ease of use for beginners, and fast trading are Bybit > Binance = OKX, and the ranking is Binance > Bybit > OKX in terms of users, trading volume, and cryptocurrency types.
(As of the first half of 2024, BYBIT exchange has surpassed OKX exchange as the second largest exchange in terms of trading volume and number of users)
Leveraged futures trading is available on overseas exchanges, but it comes with great risk along with high profit potential, so investors should carefully consider their risk tolerance, expertise, and market conditions. It is also important to use appropriate risk management strategies (e.g., setting stop losses).
Futures trading expertise is required, as spot trading can also be profitable, and while cryptocurrency futures trading is still a legal gray area, it should be approached with caution, as national laws should be checked for violations in the future.
BYBIT
Some of the key advantages of the Bybit exchange include
1.User-friendly interface: It offers an intuitive and easy-to-use platform, making it more convenient for traders.
2.Low trading fees: It offers very low fees of 0.01% for pending orders, with additional discounts available through discount codes.
3.Robust security: It has a reliable security system to protect user assets.
4.Wide range of trading options: We offer a wide range of trading options, including leverage trading up to 100x, stop-loss and take-profit orders.
5.Copy trading system: We offer a copy trading feature that allows you to follow the trades of professional traders.
6.Active Korean community: We have the largest active Korean community of any international exchange.
7.Multilingual support: We support a variety of languages, including Korean, to cater to global users.
8.Stable service: We provide a reliable service with no server downtime due to excessive traffic.
9.Insurance fund: We operate an insurance fund to protect traders, which increases market stability.
These advantages make Bybit one of the most popular cryptocurrency exchanges in the world, especially among Korean users.
Binance
The Binance exchange has several key advantages
1.It is the largest cryptocurrency exchange in the world, with a large number of users worldwide.
2.You can buy around 400 different cryptocurrencies directly, giving you a lot of choice.
3.It offers spot trading as well as a wide range of derivatives trading, including futures, leveraged tokens, and options.
4.It offers a wide range of additional services, including Binance Earn, Launchpad, and OTC trading.
5.Very high trading volume and fast trade processing speeds.
6.Korean support is available for Korean users.
7.The signup process is simple, making it easy for users to get started.
8.The Initial Exchange Offering (IEO) service provides an opportunity to participate in new projects.
These advantages have given Binance a leading position in the global cryptocurrency market.
okx
OKX exchange offers the following key advantages
1.Wide range of trading options: OKX offers a wide range of trading types including spot, margin, futures, and options to meet the needs of advanced traders.
2.Low trading fees: OKX offers competitive low trading fees.
3.High liquidity: As the second largest crypto derivatives exchange in the world, we offer high liquidity.
4.User-friendly interface: It offers an intuitive interface for both beginners and experienced traders.
5.Robust security: Implements a variety of security features such as two-factor authentication (2FA), password protection, and more to ensure the safety of user assets.
6.Staking and DeFi features: Provide users with the opportunity to generate passive income through cryptocurrencies.
7.Global expansion: Actively enter international markets to serve customers around the world.
8.Educational resources: Provide educational materials, webinars, articles, and more to help users understand cryptocurrency trading.
9.24/7 Customer Support: Provide 24/7 customer support through various channels such as live chat, email, and more.
10.Transparency: We earn the trust of our users by publishing regular Proof of Reserve reports.
