00:00Let's talk about the best cryptocurrency exchanges for non-USD traders.
00:05So, talking about the rest of the world here, lowest FX friction for the euro,
00:11great British pound, South African rand, and so many other currencies, right?
00:16So, most crypto exchange fee comparisons have a hidden assumption.
00:21You bank in the US using US dollars, which is not true for a lot of us, right?
00:26So, if your financial life is actually in euro or GBP or czar, AUD, CAD, Australia, Canada, you know, CHF
00:38or BRL,
00:39you know, the trading fee may be one of the smallest costs that you pay.
00:44A user might actually see a 0.1% trading fee, right?
00:50But unknowingly follow the home currency, USD, USDT to crypto, and then reverse the process when cashing out.
01:00And that can introduce a whole number of costs along the way, like the bank FX markup,
01:07the stablecoin conversion costs that you incur, the card FX fees to, you know, and also P2P premiums, right?
01:15You've got the wider spreads, extra withdrawal charges.
01:19So, what we actually went ahead and done is build a hidden FX cost index,
01:26which compares Kraken, Bybit, BigGate, OKEx, Binance, Vala, 6.io, and Luno,
01:33other cryptocurrency exchanges across things like native fiat support, local bank deposits,
01:39local bank withdrawals, local bank direct fiat trading pairs, you've got stablecoin conversions,
01:48FX markup, card costs, the P2P pricing, local payment rails, also kind of limits in transparency, right?
01:56Because our current findings, based on what we were researching, Kraken leads overall for non-USD traders
02:03because of its strong euro, British pound, Australian dollar, Canadian dollar, CHF infrastructure, right?
02:11So, if you want to get started with any of these platforms, if you want to review them as well,
02:15we've got the full in-depth comparisons and some exchange comparisons as well.
02:19So, go start, get started with Kraken.
02:21OKEx is particularly strong for European users, and also Bybit and BigGate continue to kind of expand
02:29regional fiat banking quite rapidly as well. But, you know, Binance, one of the biggest exchanges in
02:36the world, definitely still important, especially where P2P is the main kind of local currency bridge,
02:43right? So, for South Africans, for example, the global ranking changes completely.
02:48Vala is currently the strongest ZA native route, with Luno remaining a strong local alternative.
02:55So, I think the key lesson is a 0.1 trading fee means very little of your currency path
03:02kind of costs another 1.5%, right? So, the right comparison is really your home currency,
03:08crypto home currency, not just the maker versus taker fee. And that's why it's important to just
03:14get your head around all of this. So, go read the full 2027 benchmark and use the decentralized,
03:21the new proprietary tool, which is the Hidden FX Cost Calculator. It's in the link to the review
03:29and the guide on our main site. Check it out in the description, and you'll be able to actually
03:33run the calculations yourself based on your native currency. So, if you want to get started,
03:40again, like I said, with any of these platforms, whether it's Kraken, Binance, BitGate, you know,
03:46all of these, go check out the links in the description. And also, check out the full guides
03:51and exchange reviews on our main site. If you like iGaming, Web3 style, go check out smartcontractbets.xyz.
04:00And also, if you want to read more about real-world asset tokenization on the blockchain,
04:05go check out the book, Tokenize Trillions, and like, share, subscribe, turn on the notifications.
04:11I'll see you guys in the next videos. Peace and love.
04:14Thanks.
