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Your expert: Alejandro Borja
Your expert: Xavier Tarrasó
Fees
Earns
Customer service
Fees
Earns
Customer service
Beginners
Trading
Passive income
Buy and hold
Beginners
Trading
Passive income
Buy and hold
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| Upbit | FEATURES | Paribu |
|---|---|---|
|
Upbit allows users to trade with relatively small amounts, making it accessible for beginners. |
Minimum Trade |
Paribu allows trading with very low minimum thresholds, making it accessible for beginners and those with limited capital. |
|
The fees are competitive but the structure can be complex and confusing for new users. |
Trading and Transaction Fees |
Paribu’s fees are slightly above average, but it offers reductions for higher volume traders, balancing cost with trading activity. |
|
Upbit offers a wide array of over 150 cryptocurrencies, catering to diverse trading preferences. |
Number of Cryptocurrencies |
Paribu offers a moderate variety of cryptocurrencies, primarily focusing on major ones, which might limit options for those looking to trade less common coins. |
|
Provides an extensive range of trading pairs, supporting various crypto-to-crypto transactions. |
Crypto-to-Crypto Trading Pairs |
The platform has limited crypto-to-crypto pairs, focusing mainly on fiat to crypto transactions, which could be a downside for versatile traders. |
|
Generally transparent about trading conditions and security policies, though some information like fee structures could be simplified for better clarity. |
Website Transparency |
The website provides clear information about trading conditions and fees, though some details about governance and operations could be more comprehensive. |
|
Lacking a dedicated exchange card, Upbit misses an opportunity to integrate cryptocurrency spending into everyday transactions for its users. |
Credit/Debit Card |
As Paribu focuses primarily on cryptocurrency trading within the Turkish market, the absence of an exchange card limits the utility and flexibility for users seeking integrated financial services like spending crypto directly for purchases or earning rewards. This could be an area for potential development to enhance user engagement and overall platform utility. |
|
Offers secure storage solutions, though it’s primarily an exchange, not a dedicated wallet service. |
Storage Offering |
Offers secure storage solutions, but lacks some advanced security features like multi-sig wallets or insurance on assets. |
|
Offers competitive staking options and rewards, providing users with opportunities to earn from their holdings. |
Staking and Rewards |
Limited staking options are available, which might not cater to users looking to earn through staking or participation in network security. |
|
Both platforms are user-friendly and offer full functionality, facilitating trading on-the-go and from desktop setups. |
Mobile App and Desktop |
Both mobile and desktop platforms are user-friendly and well-designed, offering good usability but lacking some advanced trading tools. |
|
Available and responsive, though some users report delays during peak times, which could be improved. |
Customer Service |
Excellent customer service with 24/7 availability and multiple support channels, including direct responses. |
|
Efficient processes with some limits on international transactions, reflecting the need for broader accessibility. |
Deposit and Withdraw |
Offers multiple deposit and withdrawal methods but can improve by adding more international options and reducing fees for certain transactions. |
At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.
We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).
For more details on the categories considered when rating brokers and our process, read our full methodology.
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Neither Threenvest, nor the author, are recommending you to invest with this article.
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Threenvest was born by and for you. Our mission is to help you invest in the cryptocurrency market in the easiest and safest way possible. And how do we make money? Very simple, every time you click on any of the platforms that we recommend, it is possible that we get an income. We do not work with unsafe platforms, our standard is only to recommend platforms where we would invest our money ourselves.
© All rights reserved 2024 | Threenvest I/S