Best exchange out there??? | Bitcointalksearch.org

figmentofmyass

legendary

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Quote from: voyager23 on January 27, 2021, 04:33:47 AM

Quote from: figmentofmyass on January 26, 2021, 05:29:46 PM

i assume you're in the UK? coinbase and coinbase pro support faster payments (FPS). bank transfers are supposed to hit your account within 1 business day. https://help.coinbase.com/en/coinbase/trading-and-funding/buying-selling-or-converting-crypto/how-long-does-a-purchase-or-deposit-take-to-complete

I am UK based yes, but don't want to use CB because of their high fees.... Maybe BINANCE is the next one for me.

the main problem with binance.je is very poor liquidity.

one way around coinbase's high fees is to only use them for a fiat onramp/offramp. deposit GBP > trade to BTC > send to binance.com and trade for 0.1% fees. do the same thing in reverse to cash out.

mersal

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Quote from: voyager23 on January 26, 2021, 12:42:33 PM

Quote from: OmegaStarScream on January 26, 2021, 12:35:20 PM

The waiting time usually depends on the used payment method (bank in this case). I doubt that changing the exchange would be of any help.

Not sure what you're trying to accomplish exactly, but if you're looking to make some profit from the price volatility, then I would suggest using Stablecoins (USDT, USDC, etc.) instead of fiat.

No I am not trying to trade as such, I just want money in my account ready to go when I want to go...
Binance did say 2-24 hours///

What do you mean about stablecoins tho? This is new to me?

Stablecoins are having stable value all the time unlike traditional cryptocurrency which changes its price every minute. So once you got the stable coins then you can use it to buy any coins you want if it is available on the exchange.

For now USDT is available on all the exchange and got huge trading volume as well so just buy it first on the exchange or even you can use p2p trading platforms to buy them with instant banking transfer.

The Cryptovator

legendary

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I am assuming you want to make a bank deposit, which means buy crypto after a fiat deposit. All exchanges would do the same in this case. It's because they have been using a third party to handle this kind of transaction. The better option I think you may buy direct crypto from peer to peer exchange like LocalCryptos and once you bought successfully on exchange address, then you can use it instantly. You don't need to wait for a second expect network confirmation time. Since you are a beginner, just choose a reputed exchange. I think it would be fit for you. Also, Binane offers peer to peer exchange as well. You may take a look, also forum currency exchange section would help to buy direct crypto. In this case, you must need trusted forum escrow to avoid any scam attempt.

NeuroticFish

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Quote from: voyager23 on January 26, 2021, 12:08:11 PM

I want to be able to deposit money and act fast, not wait 3 days.

Maybe in this case buying with credit card would be the choice for you. But beware, it's usually more expensive than bank transfer.

For transfer, I don't know and I would not expect to see Binance has better banking support than Kraken. So I'd simply pick something that uses the services of an UK bank (but unfortunately I don't have a good example or recommendation for you)

voyager23

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Quote from: OmegaStarScream on January 27, 2021, 07:06:28 AM

Quote from: voyager23 on January 27, 2021, 04:33:47 AM

I am UK based yes, but don't want to use CB because of their high fees.... Maybe BINANCE is the next one for me.

3 days in and my money is still not in KRAKEN.... It's an absolute joke....

I was wrong. I just looked into Kraken's support page: https://support.kraken.com/hc/en-us/articles/360000381846-Fiat-currency-deposit-options-fees-minimums-and-processing-times-

And apparently, the deposit you're trying to make (with a 21£ fee) is not supposed to take more than 24 hours. Are you sure that you didn't get the money? Maybe you're just subject to the first-time fiat deposit 72 hours hold?

The normal BACS (UK) bank transfer is free and they 0-3 days, their "CHAPS" system is £21 and gets it in within 1 day. If I set up a new payee now, and pay £100, UK to UK it's their within 10 to 30 minutes. I don't see what Kraken are doing for it to take 3 days. It is now 3 days and money still not in. Kraken telling me they are unsure and there is nothing they can do about it! They use Payward lrd who handle their transactions. I am guessing they are either sitting on my money accruing interest or trying to force me to use their chaps £21 a time system.

The customer service levels of kraken have let me down here.

Anyway guys it's a a trivial matter, I don't want to keep wasting everyones time.

Thank you for all your help.

OmegaStarScream

staff

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Quote from: voyager23 on January 27, 2021, 04:33:47 AM

I am UK based yes, but don't want to use CB because of their high fees.... Maybe BINANCE is the next one for me.

3 days in and my money is still not in KRAKEN.... It's an absolute joke....

I was wrong. I just looked into Kraken's support page: https://support.kraken.com/hc/en-us/articles/360000381846-Fiat-currency-deposit-options-fees-minimums-and-processing-times-

And apparently, the deposit you're trying to make (with a 21£ fee) is not supposed to take more than 24 hours. Are you sure that you didn't get the money? Maybe you're just subject to the first-time fiat deposit 72 hours hold?

joniboini

legendary

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Keep in mind that if you want to issue new stablecoins, you probably have to interact with bank deposit again, and KYC. Unless you can sell some of your cryptos for USDC. Just remember that most stable coins are centralized. You might want to check DAI if you're looking for something more decentralized but limited to the Ethereum network, which at the time of writing is so busy. Be prepared to pay from $10 to $100 for each transaction you made.

voyager23

jr. member

Activity: 70

Merit: 1

Quote from: figmentofmyass on January 26, 2021, 05:29:46 PM

Quote from: voyager23 on January 26, 2021, 12:08:11 PM

I need fast deposit times.. (not waiting 3 days or asked to pay £21 for same day like Kraken).
Low fees..
Easy to use interface as well as more indepth analysis when I get there.
I want to be able to deposit money and act fast, not wait 3 days.

The only other one that's coming up after Kraken is Binance?

i assume you're in the UK? coinbase and coinbase pro support faster payments (FPS). bank transfers are supposed to hit your account within 1 business day. https://help.coinbase.com/en/coinbase/trading-and-funding/buying-selling-or-converting-crypto/how-long-does-a-purchase-or-deposit-take-to-complete

I am UK based yes, but don't want to use CB because of their high fees.... Maybe BINANCE is the next one for me.

3 days in and my money is still not in KRAKEN.... It's an absolute joke....

figmentofmyass

legendary

Activity: 1652

Merit: 1483

Quote from: voyager23 on January 26, 2021, 12:08:11 PM

I need fast deposit times.. (not waiting 3 days or asked to pay £21 for same day like Kraken).
Low fees..
Easy to use interface as well as more indepth analysis when I get there.
I want to be able to deposit money and act fast, not wait 3 days.

The only other one that's coming up after Kraken is Binance?

i assume you're in the UK? coinbase and coinbase pro support faster payments (FPS). bank transfers are supposed to hit your account within 1 business day. https://help.coinbase.com/en/coinbase/trading-and-funding/buying-selling-or-converting-crypto/how-long-does-a-purchase-or-deposit-take-to-complete

examplens

legendary

Activity: 3472

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Crypto Swap Exchange

Quote from: voyager23 on January 26, 2021, 12:42:33 PM

What do you mean about stablecoins tho? This is new to me?

Stable coins like USDT, a coin with stable value ~$1, use Ethereum network, you can trade with them on probably all exchanges. Transaction going fast 5-15min usually.
Also, there are many exchangers where you can exchange fiat to USDT. ^{you can check my signature to find some of them}

I am not sure what is your first attention when you want to deposit money on the exchange, it is okay if you just want to buy cryptocurrency, but if you want to trade I would not exclude that easy exchanges with the largest volume of trading. it is very important for trade.

As one suggestion to you, because you expressed in £, check cex.io exchange, they have almost all pairs related to GBP.

Asuspawer09

sr. member

Activity: 1820

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Quote from: OmegaStarScream on January 26, 2021, 12:35:20 PM

The waiting time usually depends on the used payment method (bank in this case). I doubt that changing the exchange would be of any help.

Not sure what you're trying to accomplish exactly, but if you're looking to make some profit from the price volatility, then I would suggest using Stablecoins (USDT, USDC, etc.) instead of fiat.

I Agree, usually its instant depending on what option you choose.

3days is a long time, But i dont experience any of this issues in Binance exchange.

I guess you could give it a shot, probably a lot of members here is gonna recommend binance as well as one of the top crypto exchange available, depositing could be make by p2p transaction, debit card or deposit crypto. In my experience usually just take a few minutes to receive the deposit in your account. The interface was easy to use as well as their are tutorials in the website, you could ise referral codes to lessen the fees as well as using BNB or being a VIP.

voyager23

jr. member

Activity: 70

Merit: 1

Quote from: OmegaStarScream on January 26, 2021, 12:35:20 PM

The waiting time usually depends on the used payment method (bank in this case). I doubt that changing the exchange would be of any help.

Not sure what you're trying to accomplish exactly, but if you're looking to make some profit from the price volatility, then I would suggest using Stablecoins (USDT, USDC, etc.) instead of fiat.

No I am not trying to trade as such, I just want money in my account ready to go when I want to go...
Binance did say 2-24 hours///

What do you mean about stablecoins tho? This is new to me?

OmegaStarScream

staff

Activity: 3500

Merit: 6152

The waiting time usually depends on the used payment method (bank in this case). I doubt that changing the exchange would be of any help.

Not sure what you're trying to accomplish exactly, but if you're looking to make some profit from the price volatility, then I would suggest using Stablecoins (USDT, USDC, etc.) instead of fiat.

voyager23

jr. member

Activity: 70

Merit: 1

I need fast deposit times.. (not waiting 3 days or asked to pay £21 for same day like Kraken).
Low fees..
Easy to use interface as well as more indepth analysis when I get there.
I want to be able to deposit money and act fast, not wait 3 days.

The only other one that's coming up after Kraken is Binance?

Topic: Best exchange out there??? (Read 142 times)