Topic: Crypto exchanges (Read 563 times)

If you talk about exchanges, you don't need to learn and research too much, I think you just need to choose the one that people use the most because everyone is a user and has experience.  there is no reason if binance's services, fees, and security... are inferior to other exchanges, but it could become the largest and most used exchange in the world right now.  so if we need a centralized exchange, binance is the choice and if OP is looking for some kind of decentralized exchange, then some suggestions above can be consulted like Bisq or Hodl Hodl.

Bisq is a great choice if you prefer Desktop. If you are looking for a mobile alternative, PeachBitcoin or Hodl Hodl (both are Bitcoin maximalists and both without KYC, although I personally have not used them) should be taken into account. The same Binance also has a p2p platform, but you need to be extremely careful with this, as in reality you need to pass KYC before you can make a transaction.

Yea, we are talking about trading and not an ideal escrow system. In whichever situation, mitigate is necessary. But then Z-tight was expecting Binance to adopt the kind of p2p that Bisq does without a third party by using 2-2 segwit and their DOA system. Bisq has no comparison with Binance because both works in a totally opposite way.
My submission is that the p2p that Binance uses, works for now and it's fine because they cannot be like Bisq

Hello everyone! 😊 When it comes to cryptocurrency exchanges, safety and convenience are two crucial factors to consider. While there are several reputable exchanges out there, here are a few that are widely regarded as safe and user-friendly:

Binance: Binance is one of the largest and most popular cryptocurrency exchanges globally. It offers a wide range of cryptocurrencies for trading and provides robust security measures, including two-factor authentication (2FA) and cold storage for funds.

Coinbase: Coinbase is a well-established and trusted exchange popular among beginners. It provides an intuitive user interface and offers a secure wallet to store your cryptocurrencies. Coinbase is known for its stringent security measures and regulatory compliance.

Kraken: Kraken is another reputable exchange known for its strong security features. It offers advanced trading options, a variety of cryptocurrencies, and allows fiat currency deposits and withdrawals. Kraken also maintains transparency by regularly conducting audits.

Gemini: Gemini is a regulated cryptocurrency exchange in the United States. It provides a secure platform for trading various cryptocurrencies and is known for its emphasis on compliance with regulations. Gemini also offers insured custodial wallets for added security.

Bitstamp: Bitstamp is one of the oldest cryptocurrency exchanges, founded in 2011. It has built a solid reputation for its security measures and reliability. Bitstamp supports fiat currency deposits, offers competitive trading fees, and provides a user-friendly interface.

Remember, it's important to conduct your own research and consider factors like security, fees, available cryptocurrencies, user experience, and regulatory compliance before choosing an exchange. Each exchange has its own strengths and may cater to different types of users.

Thank You!

Many people advise staying away from centralized exchanges, but I think it's hard for us to stop using them altogether. In my opinion, as long as we use them for the purpose for which they were created, nothing will be too serious as many people say. And I also have to agree with you, it is inconvenient to use decentralized exchanges because they are not as complete as centralized exchanges.

I have also been using Bybit for a while, and I realized that they could be a new competitor to Binance in the future. Bybit exchange is also worth a try for those using centralized exchanges to trade or convert fiat.

A biggest exchange today and become a small one next few years or worse can be bankrupted or die. No safest exchange forever for you to use.

Bittrex was a biggest cryptocurrency exchange in 2017 but it just filed for bankruptcy months ago.

If you don't have private keys, you don't have any coin or token.
Reminder: do not keep your money in online accounts

Store main capital in your self custody wallets.

Store small capital in your exchange accounts for trading and afford to lose it from trading or any bad event with that exchange.

In my personal opinion I think that there is no centralised exchangers which will be safe for your fund. Because taking funds in centralized exchangers means giving your funds to someone else. Then it goes into someone else's control. In this case later they can freeze your fund anytime for any data issue. So my personal suggestion to you the more avoiding centralized exchanges the more safe your fund. But if a centralized exchanger is required for currency exchange or trading, then fund should be  transfer to a noncustodial wallet immediately after using it. And in this case you can use kucoin, Binance.

All of them are pretty shitty. For the most part they are scammers and corrupt as all Fuck. Especially Coinbase. However as long as you make sure that you take your money off of that exchanges you’ll be okay. Sign up for a few of them, then see who has the Lowest commissions/fees and buy from that one at the time and then move your coins to a hardware wallet.

To this day, I continue to employ Binance for my crypto trading activities. When comparing centralized exchanges to decentralized exchanges, the majority tends to lean towards centralized exchanges due to their comprehensive feature offerings. Despite Binance currently grappling with issues involving the SEC, I still entrust a portion of my funds to their cold wallet storage.

If you're interested in exploring decentralized exchanges, you can give Pancakeswap or Uniswap a try. A few months ago, I conducted transactions using Pancakeswap, and it went smoothly.

Another alternative you can consider is ByBit, which also enjoys a high level of trust among users. People have faith in secure platforms, which is why many users choose between Binance and ByBit as their favorite centralized exchanges.

Short answer, as it sounds today, are none.

But you can check coinmarketcap to find out which are the hottest and most popular exchanges right now (it's going to be Binance as always) but as someone who once preached great about the "importance" of centralized exchanges in the past, I think you shouldn't look at exchanges the same way you'd look at your personal wallet. They are very unsafe considering you're entrusting your coins to someone who eats hackings and scams for breakfast, and at the same time there's also issues back and forth with Exchanges fooling their stakeholders as well as customers by misappropriating customer funds for personal use, which is what happened in FTX, as well as also declaring assets that aren't even dedicated to the exchange just to paint the false impression that they are ready for bank runs, among others of course.

So? The US don't understand they're just throwing away a huge opportunity to make a ton of money and bring even more money. At this point is clear that the SEC is abusing its power because they don't make clear rules, they don't give explanations, they don't answer, the only thing is trying to fine/sue/shut down exchanges just because someone else told them to do it. Several congressmen are asking for a serious investigation within the SEC.

As long as the private key is not in our hands, I will never trust them. This means that any type of exchange is not a good idea to store coins. They only run a business with the aim of making a profit. The easiest way is that they continue to provide comfort to users and promise to return funds lost due to hacking.

We can understand very well because of the various incidents that have happened that we have seen together that the security challenge depends on the owner of the coin to take care of it.
Wrong technique in keeping coins even in the safest wallet, in the end you still regret it.

Indeed, Binance operates as an intermediary, a centralized entity with safety mechanisms. But, this model is valuable due to its regulatory oversight to prevent fraud

Challenging Binance' P2P trading validity? Brave. You've bypassed the benefit of Binance' protective role! Self-custody wallets serve a purpose, but arent they unsuitable for heavy traders considering time and associated fees? We're talking about real trading, not an ideal world sans intermediaries. Yes, "all is risk," but isnt risk mitigation also crucial?

Short answer:
Prefer decentralized exchanges and non-custodial wallets to hold your assets so that you will only be the owner of your money, no other middleman could get access or use your money for their own benefits. Now if we want to know which exchange is best and what type of steps we should follow when making accounts and making transactional activities on those exchanges. You should read the following thread. It's a real-life experience of Ratimov in using exchanges and he/she shared his 7 years of experience.

• My 7 years of experience with CEXs (4 years on Bitcointalk)

This thread comprised of main and some important tips to keep in mind which i think you will no find on any other blog post.

Plus, if you care about anonymity so much you should also read this thread:

• Current list of exchanges without KYC

Overall, i suggest you to not keep your assets on any centralized (CEXs) and decentralized (DEX) exchanges because either if you are new you must have heard about the bankruptcy of the FTX exchange and many others too, so keep custodial of your assets and control them as you like, so choose an exchange only when you want to perform trading on a daily basis, and in that suggestion, i personally use the following.

• Binance-->my main exchange which is use for p2p
• Gate io-->only used once but experience was good

You should search for the best exchange in your area or you should ask this same question from your local board because some exchanges available in my region might not be available in yours so, search accordingly.

In the context of centralized exchange, Binance does p2p and it is fine. They are centralized and their own pattern of p2p must also have a central mediator to avoid cheating and abuse. Even in the context of the real escrow that Satoshi mentioned in the whitepaper, even Bisq altered it.
Everyone should do what works for them and bear the consequences. You cannot tell a big day trader that trades with the volume of 50k to 100k to be moving their funds everyday after trading. Everything is risk and reputable exchanges does fail that way with a public alert in the name of FUD.

Which doiesn't mean these exchanges will cease to exist.
IMO the SEC's case is flawed from the beginning because there's no crypto regulation in the US.
While Binance was commingling funds, Coinbase was not. Also, there was no case against Gemini as far as I know, so not all exchanges are affected.
Finally, Blackrock is filing for a bitcoin spot ETH and pointing Coinbase as a custodial. They would not have done it if they suspected Coinbase to be in breach of US law.

Many crypto exchanges was build by most of the world millionaires.The build trusted exchange will allow them to stable run in the bitcoin.When the exchange gained more trust,it can rule the crypto market in a long run as like the Binance did.The exchange will have enough money to support and to rebuild their kingdom.The exchange can lend the holding for the interest using the system of funds multiple.

Exchanges such as Binance, Tokocrypto, and KuCoin provide convenient cryptocurrency trading services. You're primarily using them for trading and not long-term storage, which is great to hear. To protect user accounts, these exchanges typically use 2FA and encrypted data transmission. Also, verifying users' identities through KYC verification enhances security.

Security challenges can be faced by even reputable exchanges, however. Users' funds have been lost as a result of exchanges being targeted by hackers. To ensure that your assets are secure, it's always a smart practice to keep your assets in a non-custodial wallet.

Not anymore, Binance US is back to work and SEC have come into an agreement with Binance so SEC hunting is on pause right now, I think every other crypto exchange should do the same with Binance so that they can be able to run their exchanges will no issue.

Not having a part of every dime swimming in and out of crypto must be why SEC and those behind the SEC are making so much noise, the only way to shut them the hell up is by paying some money, I knew this is the case, I mean, what kind of agreement would it be if money is not involved?

Regarding security, like the opinions that have appeared here, nothing is 100% safe, but regarding the convenience of trading, maybe Binance and Tokocrypto, which I can say, because these are the two exchanges that I often use for trading, not for saving.
Binance and Tokocrypto require KYC for every user who wants to register.
KuCoin is also convenient for trading activities.

Just a reminder that don't make the exchange to store assets.
The more that reminds the better for safety.