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[Music] hey this is David for big bits in this video I want to take a look at comparing the finance us exchange to coinbase know a lot of people when they’re first getting in a crypto they’re introduced to coinbase because it is a very easy exchange to use for people to get into crypto for their very first time but a lot of people complain about the fees and those are pretty bad and the thing I’ve noticed is that finance us has much better fees and if you’re going to be buying with your cash or fiat then using finance us might be a better solution than using coinbase now if you want to keep your coins on coinbase you can always buy on bond dance and move them over to coinbase I don’t know why you would do that other than just keeping them in your own wallet instead but that’s always an option if you you got most your portfolio for some reason on coin base and you want to keep it there you can always withdraw from by dance and move over there so what I’m gonna do is I’m actually going to take a look and show you the comparison on the fees when you are just going to purchase from the landing pages here this isn’t really their landing page but from the quickest route to buy Bitcoin from their home page so we go to the trade section here on coinbase or on – the US they actually have a tab just called buy crypto and actually even on their landing page itself once you log in or maybe even before you log in this shows up and it says how much do you want to spend and how much you want to buy and you can hit that and I’ll show you how much your fees are gonna be so I’m actually going to go ahead and do this and show you the difference on the fees so I’ve already put in 50 before but I’m gonna go ahead and do that again I’m gonna hit by Bitcoin it’s gonna come up with this form of course and you’re going to be shown all the information you’re shown before that you are purchasing whatever amount in u.s. dollars how much you’re gonna get what’s your buying and then this is the payment method and I’m not gonna be showing you they had just to be safe and you’ll notice also if you wanted to do more than ten thousand you need to contact them if you’re using but ask you this now we’re gonna hit by and I want to check out what’s going on here all right so this is our confirmation and it’s gonna refresh in 27 seconds but the key thing to look at here is we are purchasing $50.00 worth of Bitcoin and it’s not going to matter if the price changes between now and later when we look at it on coinbase the key thing is we’re looking at the fees for a $50 purchase so we want to know what the fees are in dollars when we make the purchase so with by Nantz us you have a 5 cent fee so if I were to buy my Bitcoin here on by Nantz us I would only be paying five cents and getting $49.95 worth of Bitcoin for the $50 I use on the transaction so that is really good and I’ll show you why because on coinbase this this these fees are pretty high comparatively to buy dance so let’s do the same thing let’s put in $50 we’re gonna buy $50 of Bitcoin and we also have our payment method here which of course I’m not gonna show you again we’ll hit preview by on coinbase and you can see the fees on coinbase are a dollar ninety-nine so what’s happened here is we have spent $50 on both exchanges or we would have spent $50 on both exchanges but more of our $50 went towards the actual crypto we were purchasing because the fees were much lower on Finance as opposed to coinbase so that’s probably one of the main reasons I’m gonna be switching to using buy dance to buy my crypto from going forward just because the fees are that great and it does add up after a while so I’m really happy to see that for finance us and not only this finance us beat them in fees they also have a much better referral program which I’m gonna show you in just a moment and of course the link is in the description of the video I’m not really trying to push that on you but I do want to show you how much better their their referral is compared to coinbase so I’m actually gonna close this you can see all of our fees and stuff if you need to you can always go back in the video and look at that so let’s look at the coin base referral program and this one is also in my description on my video here but you’ll see it’s a ten dollar reward essentially I was at a loss for words there’s a ten dollar reward for getting someone else to sign up and spend or buy or sell at least one hundred dollars in crypto now that is pretty decent you know if you think about it that’s ten percent on their first 100 dollars but a lot of people might not even buy or sell 100 dollars especially if they have no idea what they’re doing [Music] Plus once they see the fees there they’re not gonna like that so on ba dance their referral program is actually much better now where did it go let’s just go back to the landing page here because they’ve got a lot of great information yeah you now you would think this would be much easier to find out here this support I was probably looking past it the whole time anyways so with finance the referral program if you were to get someone to sign up with your referral code you would get up to 40% of their trading fees now granted the finest trading fees are much lower than coinbase the difference in the referral programs is that with coinbase you’re limited per referral to only receiving $10 whereas with buy dance you can receive whatever the amount of the commission that you earn on the referrals trades you can earn that cumulatively throughout the life of their referral so if somebody were to trade tons of crypto you would rack up tons of commissions whereas on coinbase if somebody were to trade tons of crypto then you would only get the $10 up front and so would they so there’s a lot of reasons that I like my dance more than coinbase and I know coinbase is really easy and user friendly but I think mine is has come a long way and one of the things I really love about finance that you’re not going to see on their website anywhere is their API and their web sockets which is what the bots use to trade with on the backend its programmatic interfaces for the exchange and the finance API and their web sockets are head and shoulders above any other API I’ve seen and I have built trading BOTS from the ground up including the connections to the exchanges and I can tell you without a doubt that by dance was the best API and web sockets I have worked with just the amount of data that you get to work with and the limits they put on it there’s hardly any limits to what you can do with finance on their API so that means a lot of liquidity through BOTS comes through here now know by dance us doesn’t have a lot just yet but if you’re wanting to be compliant and friendly with the regulations and you need to sign up on the localized exchange then I believe finance us is probably your best bet and one of the things about their API on by dance is that it’s actually the exact same as their other regional or localized versions so the bond dance calm API it’s exactly the same as finance us well I should say it’s the other way around financed calm came first and all the localized versions just runs their own copy of the API which of course is limited based on the region’s regulations so like there’s not the ability to trade with margin on bond it’s us yet because it’s one of the regulations that they’ve had to limit within their API but you might be able to see that in the backend that they have those commands in there I haven’t really checked that but all of the other commands that are pretty basic such as getting the prices and looking at candle data that all that’s the same it returns the same data structure and everything which makes a lot of sense because if you’re by dance dot-com what you want to do with your regional with your regional exchanges is you want them to use the same API and the same back-end that way when you make changes and you make upgrades you can give that to your partners in these other regions and they can make those same changes and upgrades to theirs just putting the different touches on it that they need for their particular region so it’s a pretty smart move on their part with the API and I do have a lot of faith in cz I know a lot of people are not so sure about cz how I’ll put it that way but there is no doubt if you look at my dance compared to all the other crypto exchanges that includes derivatives futures all the other ones options if you look at my dance compared to those it has more to offer and I’m talking about that global exchange right now it has more to offer than all of the other exchanges plus they are all always working on third-party things and they’re also investing in other crypto companies so I have a lot of faith that my dance is gonna be around for a long time as long as they keep everything secure and they don’t pull anything kind of shady but with their position in crypto they’re set up so well that I don’t think they really have to worry about doing anything like that and there’s such a big organization now with all their different regional exchanges and so forth that did it would be really messy if they were to do something sketchy especially their global level but I’m pretty happy that their global exchange finance comm does such a good job with their back-end and all of these other features and being pre progressive and what they’re doing and coming out with new ideas new businesses doing all these sorts of things over and over ahead of the industry because eventually that stuff is gonna trickle down to the localized exchanges like I said they use pretty much the same API so a lot of the features you see on bond is calm once the regulations allow that in the localized area or they have enough time to work on those features and integrate them in the localized region they’re gonna come down to there too so I have a lot of reasons to really like finance now if we were to look at finance right now there might be a little bit of a spread in the order books when you’re looking to purchase Bitcoin versus the dollar so yeah there’s a pretty big spread in the order books of about six bucks and that’s pretty big for a crypto exchange but if you’re only trading large timeframes like daily or weekly or if you’re just investing long term and that spread isn’t gonna really matter to you but if you’re trading like five minute candles that’s gonna be a pretty big deal and the thing that’s really good about coinbase even though they have higher fees is that they do run with the pro coinbase Exchange in the background which I believe does have slightly better fees but it’s kind of a hassle for people who aren’t familiar with crypto exchanges to get to and actually operate if they’re nothing McGirt with everything so they have a much better spread and it’s usually down to the penny on there so you can see in the order books on finance there’s a nearly $10 spread now but on coin base on their pro exchange which the main site uses to process the transactions this spread is only one penny so if you were to use their back-end their pro to trade it would probably be better than by Nancy us in my opinion and of course this isn’t financial advice I’m just showing you what I really like about my Nance compared to coin base and like I said if you’re looking for the order books to be better then you’re probably gonna be looking for coin based on their Pro exchange and I’m not really getting into that on that on this video because this video is really all about showing you the differences between purchasing quickly and just doing these routine purchases that you would do if you were to dollar-cost average like I showed you buying $50 worth of Bitcoin that could go and you could do that every week every two weeks whatever you want to do but if that’s all you want to do then if you’re gonna keep doing that over and over you want the least amount of fees and if you don’t want to hassle with the Pro exchange with coinbase and you don’t care about the spread then I really think – us is gonna end up being better for you if that’s what you’re looking to do so of course a lot of the reasons you should look at Finance of course are the referral program that it offers if you’re trying to get other people involved because that is an amazing referral program I’m gonna repeat that it is an amazing referral program because you are not limited to your potential earnings on it like you are on coin base and of course you can always see my referral link in the description of the video so if you want to check out Finance us you can do that now I’ll tell you the finance us validation and the account creation to be able to purchase is a little bit more in-depth than what I remember from coinbase and I haven’t done coinbase in a couple of years their validation that is their identif their kyc for your identity but it took about 2 to 3 business days on by Nantz us to get completely validated through all three levels of their verification process and that it’s a decent amount of time but if you’re wanting to use an exchange that you’re gonna be using over and over to avoid fees then it really not that big of a deal especially if you’re wanting to be compliant and play by the rules which you know I run a YouTube channel so I definitely need to do that and I’m gonna be on bonnie’s us playing by the rules of our region here so I hope you appreciated the information in this video I hope maybe if you are a US citizen that you can look at the video and maybe realize that you know finance us those fees are much better for me and what I do or maybe you’ll realize that you know I can stick the coin base or whatever other exchange you’re on already because you already know what you’re doing but other than that I hope you liked the video and you got some of that information I was talking about otherwise if you like these types of videos please subscribe to the channel we do a lot of videos or just talk about crypto and other related things and we also do a tutorial series on creating your own custom trading indicators like what you see on the chart here so please go check that out as well other than that I think that’s about it for this video I really appreciate you watching and have a nice day [Music]
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