Topic: A pravobly fair exchange site? (Read 737 times)

Fair or unfair I don't know but if I am satisfied with any exchange that will be Binance exchange. I don't say binance is 100% fulfilled with all feature and we know that none will be 100% accurate. So In my personal opinion binance is the more fair exchange in crypto world.

I agree with you that Binance is the best exchange fir trading. There we can trade with so many coins and we can use their BNB coin for lowest trading fees.

I think Kucoin is one of the good one, because their withdrawal fee only was 0.0005BTC for every transaction compared to other centralized exchange it was 0.001BTC per transaction, you can try to check at the coinmarketcap at the top 30 listed exchange to this site mate, good luck!

The fact Binance has more volume does not mean that some popular exchanges too like Polenix and bittrex does not have the volume needed to still make a user’s trade on them run smoothly. These 2 exchanges are still among the best exchanges we have and they might not be listed as top, but they are respectable and reliable too.

Polenix use to be the most popular exchange we had in the past before Binance came with some great strategies, that diverted the attention of large number of its users to Binance, but they are also re-strategizing to also meet up with the demands of people, and I believe that Polenix has the capacity to do very great too and qualify to be categorized among the top exchanges that we have in the market, at least top 20.

Maybe what he meant is that an exchange that offers a fair service, etc. OP, if you wanted a trusted exchange sites and apps why not try popular exchanges like BNB, Coinbase and other? You can always compare the fees of each exchanges. Here are some of the list it may help you somehow.

9 Best Crypto Exchanges

Yeah, provably fair is used by gambling sites. But anyway, the OP more than likely meant the legitimacy or authenticity of an exchange. And how competitive their fees - withdrawal/trading fees among other exchanges?

Binance, bitcop, GBX-DEX, polonix, Coinbene, Latoken, these are all the trading exchanges I have used since the beginning of 2019 and not a single trading exchange failed my expectations.  I am satisfied not only with the functional, but with all the services provided.

But the volume has already moved to Binance, and elsewhere. Other old exchanges like Bitfinex are not even among the top-tier in volume anymore.

Although, it's nice to see that Poloniex's troll box is online again. They are trying. Haha.

LOL, provably fair? That’s used for gambling games. If you’re looking for exchanges that are safe, you should go for Coinbase, their exchange is very safe, but some people don’t like it because they are being regulated. So if you don’t mind making use of an exchange that is being regulated, then you can go for it. Another good exchange is Binance, Binance is one of the top exchanges there is in the crypto community. There is this other exchange that I have been seeing a lot of people mention and the name is Cobinhood,… the exchange looks user-friendly, but I don’t know much about them.

So far I just trade on 2 exchange which are poloniex and bittrex
They have accompany me over 5 years.
It's amazing, isn't it ?

I'm also trade with local exchange to do transaction more easier !

Who would have the chance to do that amidst all our tight schedules, the only people I know can do that would be someone whom can create a website for that, and he would be doing it for business purpose, maybe for Google advert and so on, but no one can have the chance to do that comparison, but it is not too difficult to spot some out.

Like they say, out of the mouth of few, there established the truth, from reviews and from the way people hype some exchanges, it would be easy to pick one or two of them for comparism, in other to establish whatever feature it is we are looking for. I believe in the forum now, everyone would easily go with Binance because they have hear so much review about them as regard very moderate fee they charge for all transactions and trading.

I think it would require a lot of time and effort to make a list like that and only people who would be paid by stuff like that would do such a thing like crypto article websites and so forth in order to get clicks.

I would say I wouldn't care about the fees and so forth until we sort out the trust issue, I mean lets say you found a place with low volume and they have close to zero fee, they do not charge you anything for deposit like many others but they also give you option for free withdrawals if you are willing to wait so they do batch withdrawals (or pay little for quicker) and their fees are like 0.0005% for example on trading etc etc, everything is nice.

What happens when they get hacked? Are you sure you trust them to not get hacked or get hacked but continue operations? Binance may not be the best one in fee's but they have amazing trust with the public, I wouldn't pick any other.

Alright? What's popping with you?

I'm not sure how to answer that. Hahaha.


But making a comparison table between exchanges' fees and minimum - maximum withdrawal, without KYC/AML, is a good idea. I wish I had the time to do it. Can anyone else?

Usually i will agree with your point about fees in bitcoin. Because if we want to withdraw big amount of Bitcoin and trade it with other coins, it will need more fee in trading fee, and different price will be very affect on it especially if the coin really down after we use it as coin that withdrawed.

I do not know the exchange site that you are using, but have you tried using Binance exchange before, because Binance low fee also extend to its withdrawal fee too, so many fees on Binance is far cheaper than those other fees that you see outside, I have used other exchanges, and I can categorically say that they don’t all have the same withdrawal fee, and Binance still happens to be the lowest of them all.

For coins, I think you are on point, those coins have the cheapest fee for transaction, although I would still use bitcoin any day anytime, because I prefer to use a reliable coin than coins that I cannot guarantee what will happen to them before I wake up the next day to use what I have transferred on their platform to make payment, I know Bitcoin is a little bit high in fee, but it’s worth it for its services and for its reward.

Recently, I became interested in Bitforex exchange and first of all I want to know if it is related to Forex.  If so, then perhaps this is a really very high quality exchanger.

nobody else is Binance. The transaction fee is really low and great. What I like the most is their security and the interface.
Everything is very good and the volume is high. or if you want to experience something new, come to Bitforex. The interface is really easy to see and the chart is always updated very quickly.
Currently I am trading on Bitforex and Binannce and have never encountered any errors there.

Come on, we all know what the main reason is for an exchange token to exist-- they have all the tools available to them to make/force people to use that token, which then automatically translates into a price surge.

It's a smart move business-wise, that I don't deny, but whenever these exchanges lose popularity or implode their token will become worthless. It's nothing like a decentralized crypto. It's somewhat of a legal scheme.

As far as fees and scalability goes, BNB doesn't have any obstacles to scale when needed to keep offering near free and near instant settling transactions. It works until it doesn't, but I'm not the one taking a risk holding it.

Binance created BNB for that reason.
They want their customer to have a better trading experience and also with withdrawals.

If you are still having problems with that then you could use Ethereum directly for withdrawal.
Just look for a exchange platform that supports it or you could go directly to MEW.

I have been using Ethereum whenever I see bitcoin prices are soaring in transactions fees. Bitcoin to USDT then back to Ethereum.
Never tried to stay with USDT for even 5 minutes.

i can only say that i have loose interest in trading with Latoken and Kucoin because of the fees involved.it looks like those exchanges are for the big boys that understands and trade very huge quantity of tokens. the little i had have been shorten while transfering from my the exchange to my wallet. i loose alot of tokens during transfers from latoken especially. mecartox was my enemy but i have diverted the attention to Latoken.

If you want small amount of fees, try to look for decentralized exchange. I want to say that idex is a good exchange when it comes in withdrawal and deposit fees since it deduct a small amount of charges only. However, there are many traders in centralized exchange. Therefore, if you just want to buy coins for a long term, look at dex but if you want to be a day trader look at binance platform.

I don't think the point is that, binance does not prohibit US users from using their platform, only binance will provide a special platform developed under binance for US citizens in accordance with US government regulations.

The second exchange option besides binance in my opinion is KuCoin or OKEx, I think these two exchanges have not much different from binance.

   They don`t support all the countries, from September US residents will not be able to use Binance too. They have some rules, they need to
follow rules, and many of us now can`t use Binance.
   Maybe one day that will change, but until that happen I will need find some alternatives, can you suggest some other good exchange? That has
door opened for all of us, not just some?

It's kinda misleading for the topic to say a provably fair exchange site. "Provably fair" word is just used in gambling sites not on some kind of exchange. But if you are asking for an exchange that is true and does not provide fake service, you should try the best exchange in crypto, which is binance.

Basically all the exchanges I think have the same withdrawal fee, you only need to find a coin that has the cheapest fee. Usually XLM, XRP, ETC or DOGE can also. The coin coin has the cheapest fee compared to ETH, BTC and so on. And if you want to trade, you don't need to overly issue the fee. It's all are same, you have to choose the best one.

You are using pravobly fair for an exchange, why? you think you are gambling when you are trading?
This is not a dice game game and other forms of games that are based on luck as there is a house edge.

Trading is different from gambling, however, I'd like to suggest for you to find a reliable exchange you should read the feed back, and this community of where we are now, most people are recommending Binance as the best exchange.

The most important thing is that you use a legally licensed business, preferably in your country. If you choose otherwise then you have absolutely no recourse if the exchange robs you or just screws up and loses your money.

These token are great option, it might be useful over time by lower trading fees, vote for new coins, use CDL to trade on multiple markets. Especially it is good option for beginners who want to start investing

Recently, CoinDeal has a giveaway - you can have their tokens for free. I saw the article about it: https://coingape.com/coindeal-celebrating-premier-league-sponsorship-renewal-unique-highly-anticipated-token-launch/

Lol, that's an interesting one.
I guess you mean provable fair? I don't understand the need for provable for trading on cryptocurrency exchanges though. Is it to guarantee that your orders were filled at the right time or ensure that price wasn't manipulated? Price change happens simultaneously on different exchanges, so provable fair won't be really necessary in  this regard .

in any case, you need to pay attention to the reviews of other users, If you only start using a resource for the first time.  But you should also pay attention to the functionality with which you can easily and simply work.

Most of the exchanges fake their volume and you need to know that, they do it to attract people. Personally I suggest you to use Binance and as you see it was suggested by some members here too. The combination of it's popularity, fees and trust makes it great choice for you. I think fees doesn't matter that much for you unless you trade with millions. It worths to pay some fee and use good exchange than not pay and always be in trouble.

Do not use these exchange:

- BiteBTC (  BiteBTC is a scam exchange )



https://coinmarketcap.com/exchanges/bitebtc/

- Hitbtc (  HitBTC scam! )

- Livecoin.net (  Livecoin.net Scam )

-  Mercatox (  Mercatox Bad Exchange )

- Yobit

Binance has pretty reasonable fees as long as you're the maker and not the taker (taker is market order), and last time I checked the taker fee is twice that of the maker fee. Most of the volume on Binance is also likely legitimate as it's one of the largest exchanges out there at the moment, and volume is great on basically all pairs on the site.

Provably fair probably doesn't mean what you think it means. Provably fair means it can technically be proven to be fair or not. Exchanges do not have anything they can provide a proof of being fair, hell exchanges don't have anything they have to be fair about neither.

Person A pays 100 bucks to get bitcoin and Person B sells 100 bucks worth of bitcoin, while they switch their positions the exchange takes a cut from them and keeps doing it for every single trade which makes them a ton of money, what is there to be fair about in this situation? If you mean less trading fee or withdrawal fee and all that then you can consider it cheap but not fair, fair is totally different thing.

I also would love to find something that would make exchanges provably fair that way we can know which one is the most fair one but that doesn't exist.

Maybe you meant online gambling site? I've never seen anyone before saying provably fair, when it comes to trading. If you mean trading sites, I can recommend Binance and Kucoin for example, i've been using their services for a long time, they are very legitimate. When it comes to lowest fees there is CoinDeal, which has just entered US market, and they are releasing their own token - staking it will allow you to lower your transaction fees, so it's a great chance for their upcoming users

I guess you are talking about best crypto exchange site to trade which is not what right it word to ask provably fair exchange because is something related to online gambling sites not for the exchange sites like others said.
And it depends on the user's experience if someone don't care about the trade in free but they want hai support from the the exchange then they have different opinion about what is the best exchange but there are some traders who don't like to pay high trading fee but can able to wait for the transaction to happen much longer

This is my first time to heard about provably fair trading site. Provably fairness isn't or you can't find it in any of trading site. It's only in gambling sites which you can check your gambl result whether you got cheated or not.
Just stay from hitbtc because that site has the biggest withdrawal fee among others

Nothing popping much man, we are all feelings anxious to see another new all-time high of bitcoin so we can make some cool money for investment. As regards your question, I think the only exchange that is still very reliable in that aspect is still Binance, I don't know of other exchanges though because I have not gotten any reason to stop using Binance, and there is noway I will be going round exchanges for the sake of trying to test which one is best.

From several people’s review, you will see that Binance still has the highest recommendation and an exchange that we could give best award for the most reliable exchange with very low trading fee. There is this other exchange called Kucoin though, I think this is another great exchange in the making because of the praise I have been hearing people shout of it lately.

I don't know what's your preferred fees range pointing about "lowest fees" and "minimum withdrawal".

We might have different preferences so yours to check it if will meet your criteria.

Disregarding exchanges issues (which varies per user's experience), these exchanges quite have does large volume that surely will meet your expectations: Binance, Kucoin, Bittrex, Coinbase.Pro, Poloniex.

Nothing doubt and suprise most of all people the number one advise and recommended exchange is binance why because binance is a very trusted and popular exchange today and a lot of coins listed to be traded.
But I also recommend poloniex low transaction fees with have also a volume of coin listed there For OP try it to learn, and take note I'm not promoting binace I just want to share it.

Different exchange sites having different fees and characteristics on their services. But as what you'd said probably fair I think that is only on gambling site that not gives probably fair to their clients. Anyway, as far as I know, trading sites were most likely probably fair but they had different fee and services which is seeking those traders. You can check this link all fees and pieces of information on all exchanges are here.
https://forkdrop.io/#table-exchanges. You know also which decentralized or centralized exchanges.

Go for Binance, an easy pick and most trusted crypto exchange so far but I don’t know if they are fair or not but for sure they are legit site that can work for your needs in trading or investing. With regards to fees i think it will vary depend on the market price especially with bitcoin. Take note not to trust much any exchanges and put only small amount of money and don’t store your coin on any exchange.

Interesting to see different definitions: provably fair with transactions vs provably fair market. One is a technical issue, the other relates to governance.

Thanks for making my day 

Provably fair isnt suit out for exchange yet this would rather be seen on gambling online sites,maybe you do mean about Legitimate exchange sites?
Only stick out on the current top tier or best ones as of this moment.You can eventually check it out on CMC itself on which exchange is worth to use on.

Its hard to elaborate what exactly provably fair mean in exchange but it can be related with the trading volume. Lots of exchanges was known to have created fake trading volume to boost their ranking in past and many are still doing it specially the new one who want to get attention in market. Its hard to know which one is making fake trades by buying and selling same coin with automated bots in background, they even hide those trade orders from orderbook.

The exchanges which doesn't follow this practice might be considered as provably fair exchange. And apart from this exchanges that has fairly low commissions and fast support can also be considered as fair.

It's not a high volume exchange because it hasn't yet launched, but I'm involved in a project that will do exactly this.

Every transaction you conduct will work and look exactly like it would on a normal exchange - although we're aiming for a better UI. The main difference is that it will all run on "Personal Blockchains". This is ensures accountability is built-in to the exchange - basically the default setting. This works by using stores-of-value in conjunction with an open-ended system of contracts, along with digital signatures. the result is a system that provides "proof-of-integrity": every transaction is provably fair.

Here's how it works:

- A request for service (e.g. trade order) is made, by way of a contract that is digitally signed by the trader
- The service request (e.g. trade execution) is filled and is is digitally signed by the exchange, alongside the service request itself
- Stores of value are consumed as outlined the contract
- These data in this transaction constitutes a single block in a chain established individually (and privately) between every trader and the exchange

Here's what this means:

- The exchange can prove that a service was requested, alongside the details of the request (the exchange has the order and its details, signed by the trader)
- The trader can prove the results of the service, as well as the details of the request (the user has the order fill details, signed by the exchange)
- Proof of consumption is done privately: only the request has and a list of nonces must be provided along with the digital signature

If something goes wrong in a transaction on the exchange side, the trader can prove it. If something goes wrong on the trader side, the exchange can prove it.


This will (hopefully) be a game changer for exchanges because it ensures that every single trader on the the exchange, and the exchange itself are "information-equals", for every single transaction.

The trader, and the exchange can establish the facts immediately and go about fixing any problem that arises, rather than make a claim and then face a counter-claim, before going on social media to berate the exchange, etc...

What do you mean provably fair exchange? It's not a casino like crypto-games.net, it doesn't need to randomly generate any results.

You simply place your buy order, and it is filled by the counterparty, very simple. If the money appears in your account, you know the order was filled.

With that said, check out BitMEX or Binance for starts, as they are the two major platforms.

guess you are talking about a safe exchange that wont steal your money, if so i would recommend binance its the i use and alot of others and never realy had any problems with it and it has alot of objects to trade. highly recommend.

Yeah, I got lost in words here, maybe what he meant is that a trading platform that is fair (no wash trading or fake volumes). I guess Binance is one good option to the OP.

Here is BTI latest report (https://www.bti.live/reports-april2019/). You can look at which trading platforms has fake volumes.

I'm almost certain that provably fair is a term used in online gambling and not with exchanges and trading platforms. 

Cobinhood is the only exchange with no trading fees, but not that recommended as there aren't many coins supported. I would suggest using Binance with BNB to get better fees.

Hello guys what's  popping?  In your view and experience what are the best site so far on this year?? Please share some ! 🙂 which is had a lowest fees and small minimum withdrawal . ' and please only those exchange site that has a high volume and a provably fair trading site .  Thanks in advance !