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Topic: What is Low Fee, Full Service U.S. capable exchange+wallet (Read 158 times)

hero member
Activity: 2296
Merit: 755
Bitcoin = Financial freedom
Hi. I'm new and I've been burned by trying to find an exchange/wallet where I can fund an account, buy coin for trading and holding (so earning higher interest is desireable) and then convert to fiat and withdraw as needed. I am currently using FTX-US to deposit USD and buy coin (problem: not all coins I want are supported) because fees are low. I will then (when deposit clears) send coin to Celsius wallet to store and earn interest until traded again. But I will again need to go back to an exchange in order to convert to fiat and withdraw. At least this is the perceived process I've learned so far. I have yet to complete this process. As you can guess, fees at various exchanges/methods have taken their toll. Any advice will be appreciated.
Exchange and wallet are completely different things, some wallets have staking features which gives small returns for staking altcoins but for bitcoin there isn't any so don't try to feed your greed and lose everything. You can choose the exchanges for trading and choose wallet for example Electrum for storing bitcoin.
hero member
Activity: 1414
Merit: 802
Top Crypto Casino
Let's not confuse between exchange and wallet, an exchange doesn't have private key and they have control over your money, while wallet you have the private key and only person have private key can control the wallet. What you mentioned above is exchange and not a wallet (e.g. Bitcoin core, Electrum, Blue wallet).
Not all kind of wallet though, there's a sub-category for that made by businesses to make profit under the name of a "wallet", non-custodial and custodial wallet.
Custodial wallet works like an exchange, no private keys = not full control, but it still named as a "wallet".
hero member
Activity: 966
Merit: 801
Let's not confuse between exchange and wallet, an exchange doesn't have private key and they have control over your money, while wallet you have the private key and only person have private key can control the wallet. What you mentioned above is exchange and not a wallet (e.g. Bitcoin core, Electrum, Blue wallet).

Answering your questions you can check it yourself in this link https://www.cryptowisser.com/exchanges/ I won't suggest any platform since you'll blame me if the exchange you used got hacked and it can't be recovered.
legendary
Activity: 3402
Merit: 10424
(so earning higher interest is desireable)
No trustworthy wallet or exchange will ever give you interest on what you store with them. There are some exchanges that have an option for you to invest your coins in something like lending and make profit but they don't give you interest.

I hope you also understand the risks of custodial wallets where you have absolutely no control over your money and they can take it from you at any time with any reason they like.
mk4
legendary
Activity: 2716
Merit: 3817
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You're really unlikely to find a platform that can cater to 100% of your needs; most especially since it seems that you're from the US. Probably try Binance US? Though US-only exchanges will almost always have lackluster coin/token listing compared to international exchanges because of regulatory reasons.
newbie
Activity: 1
Merit: 0
Hi. I'm new and I've been burned by trying to find an exchange/wallet where I can fund an account, buy coin for trading and holding (so earning higher interest is desireable) and then convert to fiat and withdraw as needed. I am currently using FTX-US to deposit USD and buy coin (problem: not all coins I want are supported) because fees are low. I will then (when deposit clears) send coin to Celsius wallet to store and earn interest until traded again. But I will again need to go back to an exchange in order to convert to fiat and withdraw. At least this is the perceived process I've learned so far. I have yet to complete this process. As you can guess, fees at various exchanges/methods have taken their toll. Any advice will be appreciated.
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