1. Binance

- Pros: It has a large offer of tokens (500+), a lower fee rate (0. 1%), the fiat level is also higher, and it has various types of precaution.

- Cons: It is still evident that all the beginners will not be in a position to handle the interface in the app.

2. Coinbase

- Pros: The application is very functional, and it is highly secure; besides, this service accepts several fiat currencies such as USD, EUR, etc.

- Cons: Although that is a good exchange, one of the pains is that this exchange has a relatively high exchange fee of 1. 49 – 3. 99 percent.

3. Bybit

- Pros: For the offered coins the number is 300 while the fees are 0. Out of this figure, 1% is considered as sufficient liquidity.

- Cons: There are few types of the cryptocurrencies; the working platform has been initiated just.

4. KuCoin

- Pros: It offers more than 700 different coins, and the trading fees start from approximately 0. It is with nominal GDP of 1 % and highest trade volume.

- Cons: This is why Blu is more likely to upset forward chaining than backward chaining: a large number of interface setting complications and the lack of fiat currency.

5. OKX (formerly OKEx)

- Pros: Now the presented platform provides high liquidity, extremely low trading fees, starting from 0. 1%, and it is the platform that has the largest number of cryptocurrencies available – 400+.

- The main disadvantage was found to be with the interface of the graphs created in the program while analyzing the data, secondly many fiat currencies were also missing.

Apart from that, Bitget is a rather big exchange that has a vast number of cryptos and quite low fees.

One also has to remember that while selecting the CEX exchange, one should always know what one needs, and what should be entered into the form. This step is also the most fundamental one, which precedes the others: to activate the two-factor verification and put the wallet in storage in the protected place.

Some major points to take into account are:

- The charges

- Liquidity

- Safety

- User experience

- Cryptocurrency options

- Fiat currency options

Of course, perceiving this as NOT Investment advice/target is a perspective that has no novice on its side given that it’s a list compiled without much clarity.

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