Topic: Is it safe to exchange big amounts? - page 5. (Read 4069 times)
Large funds as much as what you want to exchange. Binance is the best exchange at this time in my opinion, because I use binance for all my transactions. Binary security is getting better and stronger from hacker attacks. if you use an exchange that only supports a small transaction, it will waste the fee, because it will be broken up in several transactions according to the maximum transaction they set.
Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.
I would say judging from their reputation they built over the past years
They won't ruin everything they built from scratch by running away because they could make more off it in a long run
The only risk is that if you are afraid that during the transaction period, their network/server got hijacked which caused the lost in coins
I would say only exchange the amount you are afford to risk because Crypto is meant to be control/access by only the private key owner
If your coins are not under a wallet that you had access too, there's always a risk
Good luck!
My advice before making a big exchange is to make sure the market is always active, and record trading transactions that are not in the form of bots in it, clear information and support that is important in every major exchange, a good binance and a safe exchange, try not to trade. One-time transaction, if there is a mistake then you will not lose all the assets that you have
If there is a fat finger syndrome on the trader, comparing the exchange rates and liquidity will not help that person. Actively traded markets are usually turned by the trading bots and there will be always fake trading volume generator bots in the small market cap altcoins. Major exchanges are my preference and I ask the same questions related to the low volume exchanges with no liquidity altcoin pairs. Iliquid market conditions will unquestionably lead to the volatile market prices which is dangerous for the new traders without a decent experience. Binance altcoins never get a flash crash price bar on any chart during the trading these altcoins actively on Binance exchange.
Even that on big exchange and most trusted exchange like binance it not worth and not safe to safe your money there.
you won't know the times hacker do their evil activity. like some case big exchange got hacked and failed to recover their costumer money. so better save on hardware wallet
you won't know the times hacker do their evil activity. like some case big exchange got hacked and failed to recover their costumer money. so better save on hardware wallet
I will rather use a centralized exchange that I understand it mechanism well. Use a trusted exchange and avoid exchange like bitebtc, and avoid the one with too much withdrawal fee, and not requiring KYC for the amount you are about to exchange.
many people did not know that BiteBTC would be a scam. and many lost their money there as I did. but also we cannot be sure of many exchanges that exist now Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.
Yes, for the security of your account, you should trade at Binance. because there they have many different functions, such as Stoploss and loaning if necessary.Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.
There, you also won't worry about security, because from early 2018 until now, no account has lost money at Binance exchange.
I will rather use a centralized exchange that I understand it mechanism well. Use a trusted exchange and avoid exchange like bitebtc, and avoid the one with too much withdrawal fee, and not requiring KYC for the amount you are about to exchange.
Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.
The level of security is different in my opinion. Every exchange can be hacked. There is an exchange that serves when the incident occurs. Binance is so far safe. However, we still need to be careful with storing important personal data.Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.
I only exchange in changelly if the amount small but when it comes to big amount I don't risk to it. I prefer exchanges like binance or bittrex.
Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.
I do not think there is a problem exchanging big amounts on Changelly or shapeshifts as long as you are able to handle the charges and also have a cold storage wallet to send the coin to
It takes a responsible person not to get compromised on a big amount, and I don’t actually know these exchanges too well for me to advise you right, but all I can say is that change your money batch by batch when you are doing that.
Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.
The level of security is different in my opinion. Every exchange can be hacked. There is an exchange that serves when the incident occurs. Binance is so far safe. However, we still need to be careful with storing important personal data. Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.
I more often do transactions to make large withdrawals using local exchanges because if there is a problem in transactions in my country there is an office address and it is easy to verify it, in contrast to binance or other large exchanges if there is a problem it will be difficult to solve it.
indeed, if we trade at a local exchanger, we have the advantage that it can be directly converted to fiat and directly transferred to a bank account, so we only need the fee once. different from binance, where we have to transfer to local exchange, then withdraw it, so that it suffers from double fees. but unfortunately the local coin exchange is not as complete as binance, so I guess it depends on our needs. and binance is a safe exchange even though we trade in large numbers
I guess if you trade in large amounts of binance it's safe. binance is the biggest exchange in the world and they have a very good reputation. the team also has a very clear identity.
I more often do transactions to make large withdrawals using local exchanges because if there is a problem in transactions in my country there is an office address and it is easy to verify it, in contrast to binance or other large exchanges if there is a problem it will be difficult to solve it.
All according to your needs, an Exchange like Changelly / shapeshift is an Exchange that places a certainty on fast transactions, and prioritizes account security with a good exchange rate. suitable for those of you who need quick access. But I prefer to use Binance / Polo / Bitt. they have been tested and have a clear address
If we are talking about probability and safety, we can say. Doing the trade on a classic or non-custodial exchange is safe as long as you are using a reputable one.
but holding it on there is a different matter because it is extremely unsafe to do that. And there are limits on a different exchange, some of them support a high-end transaction and some of them not.
but holding it on there is a different matter because it is extremely unsafe to do that. And there are limits on a different exchange, some of them support a high-end transaction and some of them not.
If you have large volumes to trade, obviously you are rich and I congratulate you.
Let's say that it is better not to make suspicious transactions that could attract the attention of government agencies.
It is not clear what is illegal or not, but better not find out in front of a judge ...
Let's say that it is better not to make suspicious transactions that could attract the attention of government agencies.
It is not clear what is illegal or not, but better not find out in front of a judge ...
yes of course for me it is also safe if you determine a good exchange even though you are with more capital, for me it will also be safe you can exchange your coins and tokens in an exchange that has good development.
It is safe inasmuch you do not leave your fund for too long on the exchange you do not trust that much. Send your coin to the exchange only when you're set to sell and ensure you withdraw back to your wallet immediately after trading.
I wouldn't use Shapeshift for larger amounts, even if you've provided KYC.
I personally use Kraken for anything above 1k USD, never had a problem with them and their support is extremely good.
A large transaction must be done in a large exchange with high volume just to make sure you won't get hurt to get low price.I personally use Kraken for anything above 1k USD, never had a problem with them and their support is extremely good.
There's a lot of well known exchange such as kraken , binance, coinbase and bitstamp that's what I'd recommend, shapeshift is indeed prefered for small transactions.
Especially for me personally I've got bad experience using shapeshift last year before the kyc requirement, the support that time seems so slow solving my problem causing me losing some value.
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