Best Crypto Exchange - Data Driven Analysis based on your needs! (Patreon)

Best Crypto Exchange - Data Driven Analysis based on your needs!

https://www.patreon.com/InvestAnswers #FTX #Binance #Kraken #Gemini #Voyager #PayPal #Square #eToro #Square #Coinbase #Robinhood Crypto Exchanges Part 2 -A Detailed Study - Best Crypto Exchange - data-driven analysis based on who you are! The opinions expressed in the video are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide education about the financial industry. 0:00 Community-Driven Study I am not paid or sponsored by any of these companies Community-only driven results to show what people think about each exchange Crowdsource the experiences of our community and share the results to benefit all 0:20 The Study Framework Thesis: Individuals have different experiences with exchanges; by crowdsourcing these experiences we can quantitatively evaluate these platforms Mission: Using a data-driven approach, find the exchange best fits a persona 0:30 The Survey 0:45 10 exchanges studied, analyzed on 16 metrics, across 4 categories: Cost Risk Ease of Use Power Features Composite Score = True Average of the responses to all 16 metrics Survey Details Cost: Trading Fees Transaction Fees Spread Yields Ease of Use: Availability of Coins Customer Service Signup Process KYC Mobile App Survey Metrics Risk: Security Trustworthiness Platform Reliability Insurance Power Features: Derivatives Leverage Pro Features Wallet 1:00 Demographics Over 1K respondents participated in the study! Sample from InvestAnswers’ Youtube and Patreon community +32,000 questions answered! So here we have our age distribution of very few people 20 and younger but I know who you are and a very nice spread 21 to 30 , 31 to 40, 41 to 50 and 51 to 60 and 60+. 1:30 Overall Preferences Takeaway: #1 Overall: Binance Followed by: FTX, Kraken both above baseline 2:00 Male vs Female Takeaway: Most Female-friendly: Square Men and Women view certain exchanges very differently. Specifically: FTX, Square, Robinhood 2:30 “Casual” vs “Serious” Takeaway: Casual Users: Square Experienced & Pros: FTX Binance, Kraken does well with all experience levels Square far below baseline outside of casual 3:00 Battle of the Ages Takeaway: Millennials: Binance, Square GenX & Boomers: FTX Square drops off the map for GenX and Boomers. Kraken, everyone’s backup exchange of choice? 4:00 Binance The Good: Good on all metrics Millennials preferred Favorable for all skill levels Top ex for Europe and ROW The Bad: Not boomer friendly Not North America friendly 4:30 FTX Good: Excellent on all metrics Exp. and Pro preferred Older Gen preferred Bad: Not beginner / casual friendly Not Female friendly Below baseline for Millennials 5:00 Square Good: Casual preferred Female friendly Millennial favored Bad: Disliked by Exp & Pros Disliked and not used by older Gens 5:30 Build Your Own Weights Everyone is different. Build your own weighted average scores to reflect what’s important for you with the BYOW calculator, which allows you to assign weights to each of the 16 metrics. 6:00 Persona: The Cost-Conscious 6:30 Persona: The Risk Averse 7:00 Persona: The Utilitarian 8:00 Persona: The Advanced Trader 9:00 Conclusion Super interesting observation here that if it wasn't for the lack of coins and FTX they would've beaten Binance - but FTX are adding more coins by the day and they add quality names. FTX 5.07 score on coins. Binance had 7.77 highest of all scores across all parameters Want more? (you know what to do!)