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With so many crypto exchanges available, it’s helpful to understand the different features each exchange has and the purposes each feature can serve. So let’s analyze the pros and cons for 5 popular exchanges– comparing withdrawal times, location availability, fees and user friendly rating.

PROS ✅

  • Easiest for beginners.
  • Public company, more secure operations.
  • 0 fees on USDC purchases.

CONS ❌

  • 5-11 days to withdraw crypto.
  • Fees can be high.
  • Owns your private keys (custodial wallet).

PROS ✅

  • Large selection of crypto assets.
  • Fees can be low for cash transfers.
  • Earn interest and high cash back on cards.

CONS ❌

  • Fees for credit and debit purchases can be high.
  • More difficult to navigate, less beginner-friendly.
  • Have to use a fiat wallet to cash-out.
  • High staking amount to earn cash back.
  • Owns your private keys (custodial wallet).

PROS ✅

  • 36 hours to withdraw crypto in most US states.
  • Large product selection.
  • Low non-instant buy fees.

CONS ❌

  • Cash out takes longer worldwide.
  • Withdrawal fees.
  • High instant buy fees.
  • Owns your private keys (custodial wallet).

PROS ✅

  • 1 business day to withdraw crypto if you use a wire transfer.
  • Relatively low fees.
  • Mint your own NFTs to sell.
  • Advanced trading options.

CONS ❌

  • Not beginner-friendly.
  • Not available in New York.
  • High staking amount to use card.
  • Owns your private keys (custodial wallet).

PROS ✅

  • Available in all US states.
  • Hot wallet insurance, very strong security.
  • Great for both beginners and advanced traders.
  • Highest interest rates for staking crypto.

CONS ❌

  • 4-5 business days to withdraw crypto.
  • Trading fees can be higher.
  • Some popular currencies are not available.
  • Owns your private keys (custodial wallet).