best place to trade BTC | Bitcointalksearch.org

raji1995naya

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Quote from: nzkn on January 02, 2021, 11:11:16 PM

Easy, secure, low-cost to trade crypto. Coinbase just provide services in certain countries. Who can name some . Thank you

Rather than telling many exchange names, I would like to tell about the exchanges I m already using. I will give here some points out of 10 from my user experience, then you can have a clear idea.
1. Binance -10
2. Kucoin -10
3. Chiliz -7
4. Sparrow - 6
5. Cointiger - 5
6. Probit - 8

I have user experience in all of above exchanges. So By looking at many of the replies non-other than me and my reply, You can easily choose what is the best..
Thank you!

sana54210

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Quote from: lixer on February 05, 2021, 03:42:36 AM

Quote from: nzkn on January 02, 2021, 11:11:16 PM

Easy, secure, low-cost to trade crypto. Coinbase just provide services in certain countries. Who can name some . Thank you

Yes, Coinbase is not available in every location, and that’s the reason I don’t make use of it, they only offer wallet services where I live, so I can only make use of their wallet but I can’t trade cryptocurrencies using their exchange.

I have been using Binance to trade, and I also make use of local exchanges and some P2P exchanges. P2P exchanges are the best here when it comes to fiat to crypto trading, because they are usually where you will get the best rate for your money, than making use of big exchanges that will even charge big fees.

P2P exchanges if you could find proper people to deal with are the best anywhere in the world. There is no middleman to take your money away and most of the time it is cheaper to do that without having neither the trading fee nor the withdrawal amounts neither. Do not get me wrong it became very huge as well, the price of bitcoin is going to 37k+ levels and exchanges did not end up dropping the trading fee, there were trading fee's 0.25% or whatever it was and when it was 7k it was still 0.25% and when it is 37k it is still 0.25% and that shows that regular exchanges like binance do end up making more and more profit when the price went up instead of changing their trading fee structure to something cheaper, people lose hundreds of dollars in thousands of dollars trading.

Do not even remind me of withdrawal fee's, they are the worst when it comes to exchanges, there are as high as 70+ dollar charges. So, P2P if you find someone decent is by far the best without a doubt.

lixer

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Quote from: nzkn on January 02, 2021, 11:11:16 PM

Easy, secure, low-cost to trade crypto. Coinbase just provide services in certain countries. Who can name some . Thank you

Yes, Coinbase is not available in every location, and that’s the reason I don’t make use of it, they only offer wallet services where I live, so I can only make use of their wallet but I can’t trade cryptocurrencies using their exchange.

I have been using Binance to trade, and I also make use of local exchanges and some P2P exchanges. P2P exchanges are the best here when it comes to fiat to crypto trading, because they are usually where you will get the best rate for your money, than making use of big exchanges that will even charge big fees.

giammangiato

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Quote from: rokon1234 on February 02, 2021, 12:23:22 AM

In my opinion the best place to trade bitcoin is binance and kucoin because currently two exchange sites are popular and secure.Moreover, the withdraw cost of these two exchange sites is less than other exchange sites.

Kucoin is good for trading, I like it because you can split Main Wallet and Trading Wallet. If you hold their utility token (KCS) you save the 20% of trading fees and you also received some rewards in % about the volume of trading done by all the users. This is a passive income and it's very good

Renampun

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Quote from: DarkDays on February 03, 2021, 04:16:54 PM

Quote from: mk4 on January 02, 2021, 11:31:51 PM

In my opinion,

crypto <-> crypto: Binance
fiat <-> crypto: your local exchange

I agree, of the many exchanges I've used I can only recommend Binance as the best place to start. There are other exchanges like Kucoin and Poloniex but it is not as easy to navigate around for a beginner, with practice and familiarity you will have no problem. Binance is a good place to start Wink

Binance is the best place to trade BTC but beginners will be confused about using it...
when I was a beginner I was very confused about using Binance but slowly I tried to adjust myself a little bit and finally, I got used to trading there. should be ready to be difficult at the start as BTC liquidity on Binance is huge.

DarkDays

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Quote from: mk4 on January 02, 2021, 11:31:51 PM

In my opinion,

crypto <-> crypto: Binance
fiat <-> crypto: your local exchange

I agree, of the many exchanges I've used I can only recommend Binance as the best place to start. There are other exchanges like Kucoin and Poloniex but it is not as easy to navigate around for a beginner, with practice and familiarity you will have no problem. Binance is a good place to start Wink

judaspriest

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C O M B O

Trading is simple, so go to a user friendly exchange with low fees, fast withdrawals and deposits, and of course the safety,
if you are a beginner go to Binance, because there is a good project place with good fundamentals,
my advice is to buy a coin or token with good fundamentals, analyze before buying it.

Mart1ncrypto

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I think in order to choose the best cryptocurrency exchange, it is necessary to determine several criteria by which it is necessary to compare exchanges and, on the basis of these conclusions, choose the best one. One of the handy tools for comparing cryptocurrency exchanges can be found here https://cryptogeek.info/en/compare.

e@symode

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Quote from: giammangiato on February 03, 2021, 11:30:06 AM

Quote from: nzkn on January 02, 2021, 11:11:16 PM

Easy, secure, low-cost to trade crypto. Coinbase just provide services in certain countries. Who can name some . Thank you

The best place for trade BTC in my point of view is Coinbase Pro. You can also withdraw on your paypal the fiat after the trading
Coinbase Pro > Coinbase > Paypal = 0 fees
Another good exchange is Binance, you have more pairs and evaluate also different stable coins if you don't want convert in fiat your gains!

I fully support your opinion on CoinBase Pro and Binance. I have never had a problem with these exchanges. But I had problems with the HotBit exchange. There were big problems with the withdrawal. I do not advise anyone to use this exchange.

giammangiato

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Quote from: nzkn on January 02, 2021, 11:11:16 PM

Easy, secure, low-cost to trade crypto. Coinbase just provide services in certain countries. Who can name some . Thank you

The best place for trade BTC in my point of view is Coinbase Pro. You can also withdraw on your paypal the fiat after the trading
Coinbase Pro > Coinbase > Paypal = 0 fees
Another good exchange is Binance, you have more pairs and evaluate also different stable coins if you don't want convert in fiat your gains!

JooBra

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Quote from: semobo on February 02, 2021, 03:46:08 AM

Quote from: Johnnylovescryptos on February 02, 2021, 02:53:31 AM

A lot of us saying Binance but with such an emphasize on one exchange I think it's better we place the eggs in different baskets.
I'm using Binance for trading alcoins, Crypto.com, Digifinex, Kraken. If one exchange collapse at least I still got a certain portion on hand..... to place safe!

Still, you are going to lose money right? Better put the funds in a Ledger and connect them with a decentralized exchange for swapping tokens so our will be secured. Choosing multiple exchanges may cause you to reduce your actual profits because of different fee structures so you will be forced to trade more money than what you actually wanted to do.

The question is not so easy to answer but I must stay at Binance side since Binance had so many problems in the past and they always got it fixed. Now their fees are a bit higher but for me personally it's a good trade since I'm sure in my funds there.

ethereumhunter

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As other people say, I choose Binance to trade. But to find the best place to trade, you need to search for yourself and not just follow other people say because you need to feel comfortable while you trade. If you can feel comfortable and satisfy with one or two exchanges, then you can call that exchanges are the best exchanges for you. As many people say Binance as the best place to trade, they can feel comfortable trading on that exchange because they do not have a problem while trading on Binance.

repear7

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Binance.

If you trade with cryptocurrency then i think binance is best. And if you want to trade with your local currency, You have to use local exchange in your country.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: culuuton on February 02, 2021, 11:49:43 AM

There are 3 best exchanges: Binance, Huobi, Kucoin. They have all the criteria you need, i use Binance most often. I will choose Binance if only one option, i believe it is the best right now.

There is a difference between "Best" and "Top" - what you said are the top three exchanges, they are defenitely not the best. This is because what is good for you depends on your personal preference and ease of use. A couple of parameters do not define good or bad. What might work out for your in those exchanges might be difficult for another user. OP has problems with Coinbase, so probably they are not from US - which means they will face problems with other CEXs.

Depending on the OP's local currency exchange system and government regulation they might have a tough time going through a KYC for a centralized exchange like these. Hence they would need to check each of them out before using them. A DEX might seem like a better option but that too comes with its inherent risks which are not something that can be ignored. We have seen full DEXes vanishing into thin air, only increasing the negativity around them in general.

Shasha80

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Now there are many good Bitcoin trading places, you can search on google and find some popular exchanges that you can try to use for
Bitcoin trading. I myself often trade on local exchanges, because I often trade using fiat pairs in my country. In order for the profit I make
from trading, I can immediately cashout it to my bank account. If your country does not have local exchanges for Bitcoin trading,
you can use Binance exchange which is now the most used by Bitcoin traders.

Kelvinid

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win lambo...

Quote from: nzkn on January 02, 2021, 11:11:16 PM

Easy, secure, low-cost to trade crypto. Coinbase just provide services in certain countries. Who can name some . Thank you

I choose Binance, you prepared Coinbase. As long as it is working and we are comfortable using their services, that is not a problem, we have different insights and experiences which is a big factor is choosing exchanger. Because as a trader, we mostly consider the fees and trading volume that makes Binance known to traders and they actually have a lot of users by now.

Issa56

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From my opinion and from my experience the best exchange for trading bitcoin is binanc and kucoin due to lots of reasons. Binance is very easy to use, easy to trade and binance is very secure your funds are very save there I don't think you can lose your money there and also easy withdrawal fee. Thesame think with kucoin you can easily withdraw your money to your local bank directly with stress.

FanEagle

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Quote from: DoublerHunter on February 02, 2021, 06:04:25 AM

Another factor of reducing fund if you are using multi-exchange is the fees, that is good if you use different exchanges but the disadvantage is the fee when you have the plan to withdraw your fund. I suggest sticking with one of the most reputable exchanges that worldwide used, and of course, an exchnage that has a secure like Binance, you are safe there.
However, back to the OP's question, the right place to trade your BTC are those local exchange in your country that supported BTC trading, but this surely required KYC and use DEX if you avoid KYC.

Fee situation is one of the biggest problems in the crypto world, specially for people who work to earn bitcoin or any other high fee coin as well. I have USDT in my metamask for example, and it is only 20 bucks and I earned only that much, however when I want to withdraw that to my local exchange to turn it into my own fiat and cash that back to my bank, do you know how much is left? Only 7 dollars.

Firstly about 7-8 dollars is taken from me when I move my money from metamask to my local exchange, then I turn that into fiat in my local exchange and that is another 1.5 dollars, and after that I take it to my bank account which is another few dollars and eventually there is tax on it basically leaves me with just 7 dollars in the end. I am not saying go pick a lot of exchanges but honestly this is much better if we could simply just find a way to get rid of fee's and do it afterwards.

sheenshane

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Quote from: culuuton on February 02, 2021, 11:49:43 AM

There are 3 best exchanges: Binance, Huobi, Kucoin. They have all the criteria you need, i use Binance most often. I will choose Binance if only one option, i believe it is the best right now.

Okay, I tend to agree Binance is the most popular exchange by now and so far they had 4 branches AFAIK. Due to a large number of Binance traders, it is always good to have trade with a high coin volume exchange and that is their advantage.

These are the four Branches of Binance but ain't sure the last one.

Binance
Binance.US
Binance DEX
Binance JEX

IMO, Coinbase doesn't have a good reputation lately, there are too many complaints against them because they are highly regulated by the governments.
If you will use Coinbase for Bitcoin trading, make sure you use Coinbase Pro, the exchange platform, not the Coinbase wallet platform. The consequence is the terrible fees.

culuuton

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There are 3 best exchanges: Binance, Huobi, Kucoin. They have all the criteria you need, i use Binance most often. I will choose Binance if only one option, i believe it is the best right now.

Topic: best place to trade BTC (Read 621 times)