Best Exchanges Nowadays - page 5. | Bitcointalksearch.org

Crypto Library

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Quote from: scoobs303 on April 24, 2024, 10:04:49 AM

Used to be super active but got burned by most of the old closures (Cryptsy, btc-e, Bter, etc), so where is the best place to trade nowadays? I have a Coinbase account already along with Kraken but not sure of other options that may be better. Thanks!

If you are looking for centralized exchangers then you can use Binance, Kucoin, or Bybit. These are my favorites centralized exchangers.
The reason of being favorites is they are trusted among the cex and as well as also have user friendly interfaces and as well as also good features. From the side of features I will put Binance one step ahead. I loved to cashout the P2P features on binance and also the launch pool pad. You can explore them. Coinbase are not available in my region and on the others hand I am not much familiar with the Kraken and the others you have mentioned so my suggestions will be to three of them.

Issa56

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Quote from: Potato Chips on April 24, 2024, 03:34:31 PM

Were you using exchanges to store your cryptocurrencies? if so, this isn't advisable as you may have already know. The best middle ground approach right now is to withdraw your funds to a non custodial wallet if you're not actively trading.

If you can check the post well, then you will see that the OP didn’t mention storing coins on exchange, all the OP needs is an appropriate exchange that can be used for trading. I know how risky it is to leave a coin on exchange. The best place to leave a coin is a non custodial wallet, but as we can see, the advice you are giving the OP is not what the OP really needs. You should be advising the OP, maybe if he made mention of storing coins on exchange.

And I will say the exchanges which the op mentioned are really good one’s, so the op can just select one of the exchange and be using it.

Huppercase

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Quote from: scoobs303 on April 24, 2024, 10:04:49 AM

Used to be super active but got burned by most of the old closures (Cryptsy, btc-e, Bter, etc), so where is the best place to trade nowadays? I have a Coinbase account already along with Kraken but not sure of other options that may be better. Thanks!

If you need to know more about live exchanges(centralized), you should make use of Coingecko to check all active ones, they have their ratings included in 10/10 but in not sure which one is the best but I believe the ones that have 10/10 ratings and 9/10 ratings have huge liquidity and you can make exchange most of the top coins without any problem.

Try and do some comaprism with volumes too, sometimes exchanges tend to display huge number of volume from the exchange but sometimes they are from wash trading, so make the comparison with coingecko or coin market cap to see the real volume, they have a way of generating the real volume from exchanges using API, you will know quickly the exchange that is into wash trading and the ones that are into real trading, even decentralized that used bots, you can use this method to fish out wash trading platforms.

iv4n

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Many good answers in this thread, I used to use many exchanges mentioned in previous comments, but to be honest, I haven't used exchanges for a while, at least not the centralized ones... now it's easy to exchange coins through a wallet, or through some swap service, and there are many different ones. Looks like that time of decentralized services is coming.

So the real question is what the OP wants, to trade regularly or just want a fast entry into some coins without much hassle. For long-term trading I think that some swap services are much better, at least we always have full control over our funds, and the transaction fees can be lower, depending on wich swap/wallet we use.

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Quote from: scoobs303 on April 24, 2024, 10:04:49 AM

Used to be super active but got burned by most of the old closures (Cryptsy, btc-e, Bter, etc), so where is the best place to trade nowadays? I have a Coinbase account already along with Kraken but not sure of other options that may be better. Thanks!

If Binance is available at your place then, it’s the perfect place to trade. It has good user interface and the almost all the coins are listed here. 9 out of 10 customers use Binance and it’s very famous for its quick user interface. It has also recently introduced the P2P and copy trading feature. So if you want all the features and coins at one place then Binance is the ideal choice. I personally trade at Binance and Kucoin. So check all the rules and regulations before joining any exchange.

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Quote from: scoobs303 on April 24, 2024, 10:04:49 AM

Used to be super active but got burned by most of the old closures (Cryptsy, btc-e, Bter, etc), so where is the best place to trade nowadays? I have a Coinbase account already along with Kraken but not sure of other options that may be better. Thanks!

Coinbase and Kraken are also the best options that you can use for trading, but if you still want other options, you can try Binance and Kucoin which in my opinion are also no less good to use as trading platforms at this time. And for those who have been closed in the past which may have resulted in a little disappointment in yourself, you can consider it as a bitter experience that you have experienced in the past and now is the time to choose the best and improve it with the abilities you have.

Jawhead999

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Above users already recommend many popular centralized exchanges that might be the safest in terms of CEX.

But if you're looking for privacy, you can use Bisq, Agoradesk or Robosats.

Quote from: Ahli38 on April 25, 2024, 09:25:22 PM

MEXC also doesn't require KYC to do that. In fact, I have never done KYC at MEXC and I have been trading for several years there.

@OP need to check whether the exchange restrict his jurisdiction or not, because it will be a big problem if MEXC force him to verify his account.

I also have use MEXC without KYC, but I do it using wallet that has in-built exchange i.e. Safepal.

Strongkored

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Quote from: scoobs303 on April 24, 2024, 10:04:49 AM

Used to be super active but got burned by most of the old closures (Cryptsy, btc-e, Bter, etc), so where is the best place to trade nowadays? I have a Coinbase account already along with Kraken but not sure of other options that may be better. Thanks!

The two exchanges you mentioned can be said to be on the list of good exchanges, and apart from that, are there any better or best ones? I think there will never be the best, because all CEXs have the risk of being hacked or other things that are detrimental to their users, that's why you should never save your funds in CEX even though you trust the exchange, use the exchange as it functions, namely for exchange, not store assets.
We see how many people lose their coins because they trust exchanges as their wallets and Cryptsy, btc-e and bter are just a few because the list of exchanges that are detrimental to users is quite extensive.

Webetcoins

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Quote from: Bureau on April 24, 2024, 10:18:55 PM

Coinbase and Kraken are top-tier exchanges, you can choose anyone out of the two or both for trading. If you are searching for local exchanges in your country then check the local boards. They will be able to suggest which exchange you should choose for fiat conversion. You can look into Binance for both trading and using their P2P service for fiat conversion if they are operating in your country.

I think Kraken is older than in Coinbase but I rarely saw it being talked about. I won't say that they are not operating anymore because why would you mention it here, right? But for me, I'd go with Coinbase because I already used it before here in my country. Questions like this are still country-dependent, so OP had no choice if Coinbase is not allowed in his country but Kraken is.

Maybe there are still other exchanges out there that are also allowed in his country. He still can choose them compared to Kraken because they can be better than it. Binance might be a good option too and is more popular than the two but it's only sad that my country banned it in recent time.

adaseb

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A lot has changed if your last exchange is Cryptsy. Back then you could made anonymous accounts on all exchanges and send coins back and forth with ease. These days almost all exchanges require KYC. You don’t really have any other options due to regulations.

At the end of 2022, Ftx was the largest exchange and it turned out to be a huge scam. So people started to trust dex more and stopped using cex. So there is a small learning curve but dex seems to be the future for crypto.

Ahli38

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Since what you are asking is the best place to trade, there are quite a lot of choices. If you have no problem with kyc then Binance I think is the best choice for now (depending on where you live). However, if you still want to trade normally and be able to withdraw and make deposits normally and it has to be a centralized exchange then MEXC also doesn't require KYC to do that. In fact, I have never done KYC at MEXC and I have been trading for several years there. It's just that the liquidity in the market or trading volume there is not that big and this makes it difficult for those of us who do daily trading to immediately fill the positions we create. This is different from Binance, where the trading volume is always large, which means the positions we create can be easily filled.

And actually there are many more CEXs that don't require KYC out there. But be careful because you also need to pay attention to the reputation of the CEX itself. If you don't trade actively then doing it on a DEX would be better.

ancafe

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Quote from: $crypto$ on April 25, 2024, 04:51:58 PM

Similarly I would suggest using Binance or Bybit as a good exchange, this is what we experienced where the exchange has a pretty good reputation but I don't know what the OP needs is to convert to fiat?

But I don't know what the OP needs is in accordance with the location?

It is much better for anyone if the use of the exchange is limited to trading and Binance is one of the exchanges that has quite a good reputation at the moment. For trading needs, perhaps the OP will be much more aware of the operational permit level of a particular exchange in his country. As far as I know, Binance has permission to operate in almost all countries today, although sometimes there are some countries that prohibit it.

Currently I use a local exchange that has collaborated with Binance, making it easier for me to use. If it's not for saving then any exchange can be used as long as it has a good reputation. OP's needs can be adjusted because the most important thing is that he understands the level of security of the assets he owns.

$crypto$

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Quote from: ancafe on April 24, 2024, 10:10:28 PM

Using Binance is also a good choice for trading as this exchange already has a big name in the crypto industry. But remember one thing that the exchange is only used for trading not for storing the assets you own. So consider what options you mean so that we can try to provide an overview or input.

Similarly I would suggest using Binance or Bybit as a good exchange, this is what we experienced where the exchange has a pretty good reputation but I don't know what the OP needs is to convert to fiat?

But I don't know what the OP needs is in accordance with the location?

Ojima-ojo

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Quote from: scoobs303 on April 24, 2024, 10:04:49 AM

Used to be super active but got burned by most of the old closures (Cryptsy, btc-e, Bter, etc), so where is the best place to trade nowadays? I have a Coinbase account already along with Kraken but not sure of other options that may be better. Thanks!

Just say we get clarification before making suggestions, and just as other have asked your location determine what the best exchang for use, because binance used to be the go to exchange and most popular among cryptocurrency trader's, but with the recent crisis and the battle between the exchange and regulators I think we have to replace binance since it services are restricted in many countries.

So best you state your location so that you can get the best choice both in decentralised and centralised excahges suggestions that suit your location.

Oshosondy

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Quote from: OmegaStarScream on April 25, 2024, 04:23:37 AM

The exchanges you mentioned are also good. I just assumed that OP is more inclined to fiat exchanges since he mentioned Coinbase and Kraken.

You can also exchange to fiat if you are using those exchanges that I mentioned.

Quote from: OmegaStarScream on April 25, 2024, 04:23:37 AM

As for your question, then as of November 2023, Bitfinex fully supports native SegWit: https://blog.bitfinex.com/announcements/support-for-bech32-addresses-now-available-on-bitfinex/

Thanks very much. I have no merit left, this deserves merit.

Quote from: joeperry on April 25, 2024, 04:25:58 AM

Whenever someone ask me on what exchange is a good exchange to use, I always refer them here https://coinmarketcap.com/rankings/exchanges/ and told them the higher the trading volume the better because sometimes they are sending me links to new exchange sites (that's a scam, you'll know if you first look at it) so I ask them to take a look at the rankings of the exchange site.

Binance bought Coinmarketcap since 3 or more years ago. It is better not to fully believe in anything that you saw there. It is better to use Coingecko. Sometimes Binance will not be on number 1 on Coingecko but it is always in number 1 on Coinmarketcap.

joeperry

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Whenever someone ask me on what exchange is a good exchange to use, I always refer them here https://coinmarketcap.com/rankings/exchanges/ and told them the higher the trading volume the better because sometimes they are sending me links to new exchange sites (that's a scam, you'll know if you first look at it) so I ask them to take a look at the rankings of the exchange site.

But just like what other said, you should know first whether that exchange site can be accessible or legal in your country as you don't want your crypto to be locked in the exchange site or confiscate it, so just do a little research first before transferring asset.

OmegaStarScream

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Quote from: Oshosondy on April 24, 2024, 10:15:55 AM

You can also go for Binance, Bybit, OKX or Kucoin. If you want to use OKX, be careful not to send less than 0.0005 BTC which is their minimum deposit for bitcoin.

The exchanges that OmegaStarScream also mentioned are good.

Quote from: OmegaStarScream on April 24, 2024, 10:07:02 AM

Where are you from? If you're looking for fiat exchanges, maybe you can look into Bitfinex, Bitstamp, Gemini and Crypto.com. Coinbase and Kraken are probably on the top, so I'm not sure you would want to switch to something else unless they're not offering a specific thing or token you're looking for.

Is Bitfinex having segwit address for bitcoin? I wanted to use the exchange some months ago but it required me for KYC which makes me not to proceed because I did not know if it will serve the purpose of receiving with segwit address.

The exchanges you mentioned are also good. I just assumed that OP is more inclined to fiat exchanges since he mentioned Coinbase and Kraken.

As for your question, then as of November 2023, Bitfinex fully supports native SegWit: https://blog.bitfinex.com/announcements/support-for-bech32-addresses-now-available-on-bitfinex/

Bureau

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Coinbase and Kraken are top-tier exchanges, you can choose anyone out of the two or both for trading. If you are searching for local exchanges in your country then check the local boards. They will be able to suggest which exchange you should choose for fiat conversion. You can look into Binance for both trading and using their P2P service for fiat conversion if they are operating in your country.

ancafe

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Quote from: scoobs303 on April 24, 2024, 10:04:49 AM

Used to be super active but got burned by most of the old closures (Cryptsy, btc-e, Bter, etc), so where is the best place to trade nowadays? I have a Coinbase account already along with Kraken but not sure of other options that may be better. Thanks!

I don't have a better view but where are you from? I usually use exchanges that have operational permits from the government to trade so we can take it easy. If the exchange is only used for trading, not for storing assets, then Coinbase is already classified as an exchange that is worth using. Other options are like what you mean because exchanges are only used for trading, not for saving.

Using Binance is also a good choice for trading as this exchange already has a big name in the crypto industry. But remember one thing that the exchange is only used for trading not for storing the assets you own. So consider what options you mean so that we can try to provide an overview or input.

Franctoshi

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Quote from: Oshosondy on April 24, 2024, 10:15:55 AM

Is Bitfinex having segwit address for bitcoin? I wanted to use the exchange some months ago but it required me for KYC which makes me not to proceed because I did not know if it will serve the purpose of receiving with segwit address.

If your are looking for a non KYC centralized exchange platform to consider doing transactions with, Then, You can go try out MEXC exchange platform, that is if you havent heard of them and to check if you can find them meeting up with your need in terms of the type of exchange platform which you need to trade your cryptos.

And Op, it depends on what you would want to see on the exchange platform, like me
Security of my funds, low trading fees, easy access to deposit and withdrawal, active P2P

Topic: Best Exchanges Nowadays - page 5. (Read 845 times)