Each exchange in the currency circle has different usage scenarios for me. Next, I will talk about the exchanges I commonly use and their uses.

Binance (binance): It is the world's largest cryptocurrency exchange and is usually used to participate in IEO. There are also some ecological dapps on the bsc chain that also need to transfer funds to the chain through Binance. In addition, Binance is also commonly used for deposits and withdrawals, and its usage rate is very high.

OKEX: It’s OK now. We have launched a web3 wallet, which allows novices on the chain to participate in on-chain activities and actively accept new things such as ordinarys. I usually use it to transfer funds to the chain, buy and sell in the secondary market, and store coins. .

Huobi: The market share of the previous three major companies dropped rapidly after they withdrew from the domestic market. Sun Yuchen took over and renamed it "Huobi", and the situation worsened day by day. There were also malicious attempts to target individual large companies. There should be very few actual users now, and it is of no use and has not been used for a long time.

Coinbase: This is generally used by the United States. It is a listed company. It has no platform currency and is basically unusable. It also requires face recognition and the like, which is very troublesome. It is not recommended.

Matcha (MEXC): The use of Matcha is relatively simple, it is used to recharge MEXC and trade MEXC. Many big MEXC on the chain will end up buying Matcha. If there is a transaction fee on the chain, they will recharge to Matcha for trading. Withdraw coins to Binance Ethereum or wallet through Matcha. Note: Matcha often inserts pins, falsifies data to collect chips, controls the market, etc.

There are also examples: bitget, sesame. The frequency of these uses is basically once a month under certain circumstances, because again, there is no place where you must use it, and the user experience is not as good as Binance and Oyi.

To sum up, there are many exchanges. Unless you use individual exchanges under certain circumstances, generally you only need Binance and Oyi. Remember to go to the official website to download and do not search on Baidu. There are many imitations, so do not be fooled.

Of these two downloads, Ouyi is more friendly to domestic users, very simple, and Binance seems to be not as strict as before.

Small exchanges have great risks:

1. Connect the network cable

2. Being hacked

3. Get rid of

4. Pig Killing Exchange

5. If you don’t withdraw coins, your account will be blocked.

Personal advice, don’t use small exchanges. If there is no problem, it is only temporary. What you are interested in is that the handling fee may give you 80% or higher. Even if they give you 100%, what will happen? You can go in and blacklist directly. Your capital, especially the highly leveraged ones of 500 times or 1,000 times, can blow you up with just a few moves.