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Cryptocurrency exchange review and walkthrough - Coinbase & Coinbase Pro, Binance, Kucoin - YouTube
Channel: Phong Bui
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Where do you store your cryptocurrency?
Hi, this is Phong. I'm gonna share with
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you three different websites that I store
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my cryptocurrency and I'm not going to go over the plus or
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the benefit of cryptos currencies. There are plenty of other videos that are
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already doing that. This one is only focused on
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the cryptocurrency exchanges that I
put my cryptocurrency
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in. I'm gonna log in in each one of them
and share with you their layout and
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some of the things I see in it. So let's go!
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Coinbase is an American website so you see here - clean interface.
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you can sign up and get started
get started by just basically some basic
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information. Put in your information.
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They do need some additional information
from you
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and they'll reach out to you but let's
sign in.
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Entering my information
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Login. Check this or not.
All of these sites do require a
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authentication or second authentication
so
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that expired.
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You have to get this [Google Authenticator] in order to be able to use any of these sites because it
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requires a second authentication
the password to keep it
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safe.
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While this is logging on...
When you log on
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You can see the headers at the top, your
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portfolio balances. You can look at the
last hour,
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24 hour, a week, a month, all year
etc down here
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the watch list which is basically
the type of assets that Coinbase is
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currently support. If i click onto here
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they have about 26 they have 26 assets
that they support
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which is the lowest of the three we're
gonna talk about
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um and um
it's um in any one of them
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you can just click on tray and
be able to uh to purchase it right
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from home um you know there's something
you can buy your friends and both of you
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will get ten dollar crypto
i'll i'll copy the link and share on
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um down below and then if you want to
you can join there um
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portfolio is your balances the asset
that you have
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and they'll list it out based on the
amount and the allocations
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over here that you have some rewards um
basically these are stakings
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um i have uh my steak in and diet
and tesla two dollars not you know the
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biggest thing in the world but
it is what that is um
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prices um
if um this is where you can go in and
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buy and and sell your cryptos currency
um to try to do this here um what
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they'll have here is
uh you know what do you want to buy for
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example
let's say you want to buy you choose
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bitcoin
cash or ethereum put a thousand dollars
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in for example
and you review i'm not gonna buy i'm
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just gonna show you
preview so uh the price of
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the uh bitcoin that currently
they have it at is 11 526
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per bitcoin um so within that thousand
eight hundred and
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nine hundred and eighty five dollar
thirty two cent is the purchase
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coinbase fees is 14.68
um relatively actually that's probably
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one of the more expensive
uh um fees i'll show you a cheaper way
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to
to to get it in a minute
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so we're not gonna buy that and so let's
get back to home
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uh and the other thing you could do is
you know you can
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send your you can send your your uh
currency cryptocurrency to
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anywhere um so just have to
re you know figure out what the address
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is and you can send your
cryptocurrency to that um that
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wallet address as well as receive
just make sure that you choose the right
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type of currency because otherwise it
may get lost and
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each cryptocurrency has a different
addresses uh
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linked to it um that's
you know there are some information
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there i would say
um when you sign up for coinbase um
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what you should always do is go to their
reward
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sections and this is where you get to
earn cryptocurrency
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just by learning um they've got some
learning module here
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that you can learn um read and
and basically watch some videos answer
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some questions
and earn some cryptocurrency for example
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i did 16 out of 18 i got 35
worth of cryptos currency and
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you know that's fairly easy
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so that's about it for
the coinbase site
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there's a you know if you're a little
bit more
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experienced you can also do the pro
coinbase.com basically this is the
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sister
site to coinbase if you it's using the
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same login
as coinbase so if you
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are logging into coinbase you can
automatically go to pro
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and you get a more uh almost like your
stock-like
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view of um of the cryptocurrency
market and here's a lot
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when you trade it it's more immediate
and you get um
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the pricing is more immediate however
you do need to have your
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your cash or your your
uh crypto exchanges
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in this account so you do have to
transfer back and forth from coinbase
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the price is
a lot cheaper as well um for that
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thousand dollar purchase that we made or
985 dollars we would charge 14
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over here in coinbase uh pro it's about
a third of it so four dollars
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so you can see if you make bigger
purchases it's a lot
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better to do it from pro coinbase
however it is a bit more complicated and
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so
for beginner i would suggest that you
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would just do it from
just regular coinbase um so that's it
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for uh coinbase the
second site we're going to go to is
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bit binions
so binance
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finance is uh outside of uh
coinbase binance is probably the the
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most popular site from the uh
for folks in the united states um i
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think worldwide is probably the
the bigger ones um finance is based on
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china
again as most of these sites fairly
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simple interface from the beginning um
you again register they'll need some
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information about you
uh drive a license passport etc
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um just to prove you who you are who you
say you are
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um i'm gonna log in
did you have the options of email or
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mobile
i usually
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again there this one require
um it to send it to your phone number
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so i'm gonna enter in my
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information
submit or you can also do the
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authenticator
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so on binance you have
somebody the interface here i'm just
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going to walk through you got your
uh different educations or
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information that you want to learn more
about it you can buy
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buy crypto um there's different market
markets for it in trade you do futures
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derivatives
and the different type of
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finance coin okay
um your wallet is
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uh there's uh binance does it
their wallet a little differently than
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than um coinbase so
let me just go here
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so within
within your wallet they've got you know
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your spot
uh your spot which is just
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kind of where it is you can either
deposit a tray
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and this is i would say the majority of
where the activity will take place
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margin i didn't i don't think i set up
my margin account
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but if you want to buy a margin or in
futures
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in the futures you can change directly
with a third party
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so but i would say as a beginner and
a new user i would just stick with the
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the
spot market you can deposit new fund
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you can deposit cash but
if i click on cash um you can only
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it if you look at the list um
we go down here dollars is not accepted
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so unfortunately um so
that's no good and you could also do
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um deposit and credit card
but that is a 2.5 percent
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charge to your credit card um dozer
the the pieces of
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cost that will happen so for example
you know if um the different
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the difference for um finance
is that when you buy and sell in
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finances they use the
finance coin that's what you use to pay
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for
your transaction so
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it's good you know i can you can do it
otherwise too but
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if if you're going to be on binance i
would suggest that you do buy
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um have some binance coin in your
portfolio um
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just see a tray what tray you can do it
you know
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here's a different kind of tray that you
can do um
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click on this
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yeah much more sophistic much more
um sophisticated
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than coinbase um so um
i think that but once you get used to
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the interface you
understand how to to to
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make purchases okay
again pretty much various
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some of the same features that are
available so if you take coinbase pro
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and coinbase
you it's pretty much like
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binance so let me log out
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and lastly let's go to coin um
kucoin
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kucoin is based out of hong kong um so
it's newer than binance and
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and coinbase i like it
also um and i use this one a lot
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so kucoin also has his own
um coins called the kucoin
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cool coins apparently so
here's the interface um i think kucoin
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is
much more clutter but so there is a
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learning curve to it
um let's log in i have my
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information there
so logging in got a little thing i gotta
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do
to make sure that i'm a human
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and then have to go and use
google authenticator
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success
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logging in
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so the right you know you can again
i'm not going to go through the
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interface just going to show you what it
looks like
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and on the site itself
have your main account your trading
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account
you can deposit but the deposit in
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kucoin
is only made your cryptocurrency so
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you do have to deposit a a
cryptocurrency in here um
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you do have some of the information up
here
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your main account
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the type of account that you have
deposit withdrawal
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transfers basically
this is a holding area
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if you want to trade you probably want
to do it in your trading account
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that's where you either buy or share
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buy or sell you can see this coin has a
lot of
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i support a lot of uh cryptocurrency so
if there's a cryptocurrency that you
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want to
to buy and it's one of the smaller one
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kucoin is probably the place to go for
it
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um finance as well
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so those are the three cryptocurrency
exchanges that i use
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and there are others including the cash
app
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biz i think even robinhood has its own
cryptocurrency exchanges
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so you can try them both um
but for the ones that i do use i think
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if you're
a beginner um getting into
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cryptocurrency or just want to simplify
version of some
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exposure to cryptocurrency then i would
think that you want to
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be using coinbase and coinbase pro
um as you increase on
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you know you want increase exposures and
then the other two
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exchanges are are great as well um
that is binance and kucoin
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i've given you a list of cryptocurrency
exchange sites that are
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pretty good to use so if you like
them and you like the video please
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subscribe
and i'll see you next time bye bye
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