Pages:
Author

Topic: Crypto exchanges - page 2. (Read 557 times)

hero member
Activity: 994
Merit: 1089
June 17, 2023, 11:33:31 AM
#61
When it comes to P2P trading and holding of cryptocurrencies, Binance is the most effective exchange.
Binance is not a p2p exchange, you cannot trade with a peer without Binance acting as a middle man in the trade, it is from peer to Binance and from Binance to the other peer. In real p2p exchanges like Bisq, you trade directly with the other peer. Take note too that Binance is not for holding crypto, do not join those who think the exchange is too big to fail, if you trade on Binance, move your funds to your self custody wallet once you are done.
sr. member
Activity: 658
Merit: 441
June 17, 2023, 11:18:57 AM
#60
Hey, everyone   Smiley
I have recently started to be interested in the issue of cryptocurrency, please, tell me which exchanges are considered the safest and most convenient?
Know this and know peace, no exchanges are safe. You can store your assets safe in a hardware wallet and use exchanges to trade, this way you can have peace of mind. It also depends on what you are looking for in an exchange like (volume, trading pairs, fiat deposit/withdrawal etc.) but P2P exchange is preferable because it doesn't have access to your personal information and among them I would recommend Bisq exchange. But If you decide to go for centralized exchanges know that you will be required to perform KYC but there are some that doesn't require it like Kucoin.
hero member
Activity: 1148
Merit: 518
June 17, 2023, 11:16:48 AM
#59
Yeah, you can do that, P2P trading, but I have heard a lot of horror stories with Binance and Bybit P2P trading like scams going on that platform. I know that they are just a facilitator and it's hard to monitor everything within their platform. But maybe they can do a better job in responding to this issues.

In any case though, it is still up to us traders, or buyers or seller in P2P to be just careful on who we deal with.

Just check everything before you released your crypto. Go to your wallet and see if the other party has paid you.
Even if there are hundreds of thousands of exchanges on the market, very few of them can offer beneficial features for investors and traders. P2P is essentially a key characteristic that is visible around cryptocurrency exchanges. When it comes to P2P trading and holding of cryptocurrencies, Binance is the most effective exchange. I would urge one to exercise extreme caution when interacting with these exchanges in the industry. The CEO of Binance, CZ, is constantly focused on the company's advantages and is doing his best to address the concerns and needs of its consumers throughout the world.
legendary
Activity: 2576
Merit: 2880
Catalog Websites
June 17, 2023, 10:52:13 AM
#58
I have recently started to be interested in the issue of cryptocurrency, please, tell me which exchanges are considered the safest and most convenient?
Based on my personal experience I would say Binance and Kraken but I also like KuCoin when I need to buy some altcoin that is not yet on Binance. A long time ago I used Bitstamp, never had any problem, I know they're still around so I guess they're solid. Anyway remember that you're supposed to buy and move your funds out of the exchange, don't use it as a wallet, it's called exchange for a reason.
sr. member
Activity: 2660
Merit: 339
June 17, 2023, 09:48:10 AM
#57
While many would hastily recommend Coinbase, Binance, or even Kraken, I'd urge you to slow down and do research.

Consider the ethos of the crypto world - decentralization. Does entrusting your digital assets to a centralized entity align with this philosophy? I think not. Thus, my recommendation leans towards DEXs, like Uniswap, Kyber Network, or even 1inch. They provide you with the control, aligning with the very spirit of cryptocurrencies.

However, if you're insistent on centralized exchanges, my pick would be Binance - a good mix of security, regulatory compliance, and user experience. They do serve the biggest altcoin buffet, and they also have the essentials
People suggest centralized exchanges because they are more convenient, easy to use, has lower fees for trades because there is more liquidity available for every cryptocurrency they have listed and there are more traders as well. Apart from all these things, a centralized exchange also provides more features and tools to traders like charts and stuff which are not available on a decentralized exchange.

I totally understand that when someone is using a centralized exchange, they are actually giving custody of their assets to a centralized authority but if they are providing the best services, I don't see any harm in that unless someone stores very large sums of money in their exchange accounts which is never recommended.
full member
Activity: 322
Merit: 211
June 17, 2023, 09:31:01 AM
#56
 In as much as there's an attack by the sec on two top cryptocurrency exchanges being binance and coinbase, they're without any doubt regarded as the safest and most trust worthy exchanges despite the fud.
 Whereas  there are still other top crypto exchanges that I could recommend you on, such as.
Uniswap
LocalBitcoins
Bittrex
Kucoin
Gemini
Kraken
Uphold.
 There are a few others but those are more trustworthy and safer to trade with. However let's keep our fingers crossed and hope the fud with the sec ends soon and then it would be safer for you to create an account with binance, without any doubt. binance is considered the best and has gained a fast growth in the crypto ecosystem because of it's good security, Users friendly platform and vast amount of cryptocurrency to trade on.
hero member
Activity: 1960
Merit: 537
Leading Crypto Sports Betting & Casino Platform
June 17, 2023, 09:14:41 AM
#55
Don't waste your time on exchanges. It's not safe to hold your crypto there.

OP didn't say he uses centralized exchanges to store his assets. Moreover, it is not easy for us to completely exclude and avoid centralized exchanges. After all, like it or not, they're still part of the market, and we still use them under certain circumstances. If you are a day trader, I would like to ask what you would do to be able to make a profit if you did not use those exchanges? As long as we use it for the right purposes and don't store too many assets on it, CEX is still very useful to us.
jr. member
Activity: 43
Merit: 1
June 17, 2023, 08:56:58 AM
#54
Don't waste your time on exchanges. It's not safe to hold your crypto there.
hero member
Activity: 2632
Merit: 833
June 17, 2023, 05:22:05 AM
#53
Hey, everyone   Smiley
I have recently started to be interested in the issue of cryptocurrency, please, tell me which exchanges are considered the safest and most convenient?
P2p exchanges are the safest, that is because you are not going to give the exchange your personal data, and while trading the exchange isn't going to act as a third party, you and your trading partner would control the funds in a multi-sig wallet, that is what p2p should be, not peer to exchange, then exchange to peer. For p2p exchages: https://kycnot.me/.
(.....)
It's the safest if you want to own some Bitcoins from your fiat currencies. There are also some P2P exchanges that are inside centralized exchanges where you can do trades like Binance or Bybit.
About KYC things, as far as I remember Kucoin is good exchange if you do not want to undergo with KYC but it has limited features, but I think you can buy Bitcoins via their P2P feature even no KYC.

Yeah, you can do that, P2P trading, but I have heard a lot of horror stories with Binance and Bybit P2P trading like scams going on that platform. I know that they are just a facilitator and it's hard to monitor everything within their platform. But maybe they can do a better job in responding to this issues.

In any case though, it is still up to us traders, or buyers or seller in P2P to be just careful on who we deal with.

Just check everything before you released your crypto. Go to your wallet and see if the other party has paid you.
legendary
Activity: 2044
Merit: 1018
Not your keys, not your coins!
June 17, 2023, 05:15:55 AM
#52
It's the safest if you want to own some Bitcoins from your fiat currencies. There are also some P2P exchanges that are inside centralized exchanges where you can do trades like Binance or Bybit.
I vote for P2P exchanges for better privacy but if they are P2P exchanges from centralized exchanges, I would vote against it.

I would like to choose centralized exchanges and trade on them rather than using P2P exchanges which are built and owned by same team. I don't think those P2P exchanges help me in privacy.

Quote
About KYC things, as far as I remember Kucoin is good exchange if you do not want to undergo with KYC but it has limited features, but I think you can buy Bitcoins via their P2P feature even no KYC.
Kucoin is Tier 1 centralized exchange and it does not require KYC at least now. The exchange has operated since 2017.

Kucoin review from KYCnot.me.
legendary
Activity: 2506
Merit: 1394
June 17, 2023, 05:11:05 AM
#51
Hey, everyone   Smiley
I have recently started to be interested in the issue of cryptocurrency, please, tell me which exchanges are considered the safest and most convenient?
P2p exchanges are the safest, that is because you are not going to give the exchange your personal data, and while trading the exchange isn't going to act as a third party, you and your trading partner would control the funds in a multi-sig wallet, that is what p2p should be, not peer to exchange, then exchange to peer. For p2p exchages: https://kycnot.me/.
(.....)
It's the safest if you want to own some Bitcoins from your fiat currencies. There are also some P2P exchanges that are inside centralized exchanges where you can do trades like Binance or Bybit.
About KYC things, as far as I remember Kucoin is good exchange if you do not want to undergo with KYC but it has limited features, but I think you can buy Bitcoins via their P2P feature even no KYC.
sr. member
Activity: 812
Merit: 315
Vave.com - Crypto Casino
June 17, 2023, 04:01:38 AM
#50
Hey, everyone   Smiley
I have recently started to be interested in the issue of cryptocurrency, please, tell me which exchanges are considered the safest and most convenient?
You won't know until you try them yourself, if gou are someone who have no problem with KYC verification, you will find OKEX, Binance and MEXC the easiest ones to use, this is my very best crypto exchanges and I can't recommend to you because you might not like them, some people still like Pancakeswap style exchanges and this style is like dex platforms, where you just connect your metamask wallet or trust wallet and do the magic, viola! It's done, so which one are you? Only you can. Figure that out mate.

My warning advice is stay away from any crypto exchanges that are not popular, stay within the top 10 crypto exchange list, you can find the list on coinmarketcap using google search.
sr. member
Activity: 1960
Merit: 273
★Bitvest.io★ Play Plinko or Invest!
June 17, 2023, 03:04:08 AM
#49
never do KYC on any exchange, that's giving out your privacy to another company that cannot be trusted.
meaning it is better to use DEX exchange for trading activities or crypto transactions? because most centralized exchanges will ask their users for KYC. although there are also those who only ask for KYC in larger transactions. avoiding KYC on exchange platforms, certainly not trusting them at all. and for traders isn't that quite difficult?
it is not good to keep our assets instead. both for investment and trading. but regarding KYC, everyone has their own choice.
copper member
Activity: 91
Merit: 1
June 17, 2023, 02:42:28 AM
#48
I may be biased somewhat but our exchange - 8V Exchange is worth checking out. We are a fully featured crypto exchange with a mobile app too on android.

Here is our website: https://8v.com

Here is our Bitcointalk ANN thread

With a smaller exchange like ours you can get much more personal and professional customer service.
hero member
Activity: 2282
Merit: 589
June 15, 2023, 01:28:47 PM
#47
Crypto is dominated by centralized exchanges, recommending anyone of them for you is like putting you inside a tiger cage and locking the key because they cannot be trusted, one day you will lose access to your fund, and no one would pray for such kind of thing,
We have been warned not to entrust the holding of assets to any exchange because there will be risks in the future, what has happened with Binance.us has proven that threats will come from any side, especially the SEC which has the authority to monitor or even sue centralized exchanges.

Quote
they are demanding the court to give them the order to seize the fund under Binance.US custody until all investigations are done, they are trying to seize users fund that belongs to customers which is a very bad move.
I updated the news today, the court postponed the decision to freeze US funds because of the agreement that the two agreed, I think the Binance team will do everything to protect customer funds, so let's hope for the best and hope the problem is resolved without harming anyone.
hero member
Activity: 826
Merit: 583
June 15, 2023, 01:09:05 PM
#46

However, if you're insistent on centralized exchanges, my pick would be Binance - a good mix of security, regulatory compliance, and user experience. They do serve the biggest altcoin buffet, and they also have the essentials

if Op is aiming to trade maybe the option for a centralized exchange like Binance is best. but if it's only to buy assets and then hold them in investment, of course using the Dex exchange will provide more security.
just a suggestion when using Dex exchange, it's better not to use the main wallet directly connected to the site. so you can use other wallets to make transactions and then send them back to the main wallet. however, there are scammers trying to duplicate some exchange sites. we also have to be more careful.
hero member
Activity: 1106
Merit: 912
Not Your Keys, Not Your Bitcoin
June 15, 2023, 12:57:09 PM
#45
Hey, everyone   Smiley
I have recently started to be interested in the issue of cryptocurrency, please, tell me which exchanges are considered the safest and most convenient?

Crypto is dominated by centralized exchanges, recommending anyone of them for you is like putting you inside a tiger cage and locking the key because they cannot be trusted, one day you will lose access to your fund, and no one would pray for such kind of thing, look at Binance.US for example, the security exchange commission also known as SEC is considering confiscating users fund because they believe they are into some shady and insider deals, they believe Binance.US have violated their laws and as such, they are demanding the court to give them the order to seize the fund under Binance.US custody until all investigations are done, they are trying to seize users fund that belongs to customers which is a very bad move. It is always advisable you move your coins into self-custody for the safety of your funds and, lastly, never do KYC on any exchange, that's giving out your privacy to another company that cannot be trusted.
legendary
Activity: 1792
Merit: 1296
Crypto Casino and Sportsbook
June 15, 2023, 12:37:42 PM
#44
Hey, everyone   Smiley
I have recently started to be interested in the issue of cryptocurrency, please, tell me which exchanges are considered the safest and most convenient?
I welcome you too.

I support your new interest and undertaking with the issue of cryptocurrency.

I'll be happy to advise. I don't consider any exchange safe and would recommend keeping your funds in them only for a very short time and the smallest amounts. If you have to choose, then the preference would be left on one of the top exchanges, because the more resources they have, the better the security system can be built. But of course, this doesn't give any guarantees and a gap in security can always be found.

I consider the issue of convenience to be purely individual, and in order for you to determine which particular exchange will be convenient for you, you can't do without personal experience. Try several options and choose. Why ask others what will be convenient for you. Outside advice won't help here.
legendary
Activity: 2660
Merit: 1074
June 15, 2023, 12:02:53 PM
#43
Currently there are so many crypto exchanges that we can rely on, so for you beginners just use the crypto market that is on top exchanges such as CoinmarketCap, Coinbase, Kukoin and Binance, but all of them have risks because not all crypto exchanges will always be safe even though they are equipped with high-level security, but for hacking problems there are always like what happens to Binance today, And we as crypto users must be careful because crypto assets are targeted by many hackers and fraudsters, so just choose an exchange that you really like and easy to use.
I think it's quite easy to pick the big names because nothing will happen to your money that way, it's just not the thing that you should be worried about. I know that it's not going to be a big deal, but at the end of the day it's not going to be that simple neither. I know that it's going to be a tough situation to handle if you do not know what you are doing, but if you know what you are doing then you should be fine.

I personally hope that it will be simple, it's not going to cause you to actually end up with anything troublesome and I believe that if you end up picking the right exchange then you should be fine. I personally use Binance even after all things going on, and did I faced any issues? Absolutely not, it's still amazing.
hero member
Activity: 1316
Merit: 561
Leading Crypto Sports Betting & Casino Platform
June 15, 2023, 04:11:13 AM
#42
While many would hastily recommend Coinbase, Binance, or even Kraken, I'd urge you to slow down and do research.

Consider the ethos of the crypto world - decentralization. Does entrusting your digital assets to a centralized entity align with this philosophy? I think not. Thus, my recommendation leans towards DEXs, like Uniswap, Kyber Network, or even 1inch. They provide you with the control, aligning with the very spirit of cryptocurrencies.

However, if you're insistent on centralized exchanges, my pick would be Binance - a good mix of security, regulatory compliance, and user experience. They do serve the biggest altcoin buffet, and they also have the essentials
Pages:
Jump to: