Safest/most reliable BTC exchange? - page 2.

frowsiter

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Quote from: Leahhhh on August 15, 2018, 09:29:04 AM

I bought my BTC in 2014 & have held through everything since, but now I'm nervous & would like to sell at least enough to cover my original investment. However, I have no idea which exchange to use & would welcome any advice as to which would be considered the safest & most reliable. PS: I am in the UK.

There are many exchangers right now which are best in the market for providing exactly right volume for you to sell your BTC. Its good that you are holding the BTC since 2014 and it is even interesting that you were holding it since 2014 and you did not sell them at ATH of 2017. I liked your attitude but I would say you should hold even further because we will soon see prices of bitcoin going above 20K USD for sure. If anyway you want to sell then I would say only Binance can help you for selling your huge pile of BTC bag. Wink

Leahhhh

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I asked this question regarding safe/reliable exchanges once before when I came close to selling some of my BTC. Back then Gemini was recommended to me by several people but I see now it is far down the list of top exchanges. Anyone have any experience of using it recently?

As regards Binance I had to google BNB token as I know nothing about that. I just want an exchange where I can sell & then transfer the cash to my bank account.

BitMaxz

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Based on my experience both Okex and Binance are safest to use they don't ask for KYC and ID verification.

The good thing in Binance the trading fee has 50% discount if you use BNB token. 50% fee discount is a huge help for starters or beginners.
Check this link Binance Tiered Trading Fee

Okex exchange also has a discount, but you can only get the higher discount if you reach a higher level.

Quote from: shnmykl on August 16, 2018, 01:59:31 PM

For me, Bit-z is the most safest or most reliable Bitcoin exchange based on my experienced. Well, I haven't used some of Bitcoin exchanges yet but Bit-z has the kind of serviceable exchanger which is fast on transactions and very easy to use. It has a google authenticator and 2FA authentication too for safe purpose so that your coins will never be stolen. It has a setting where you can decide what you want to implement on your account's security access, either google authenticator or 2FA authentication and can be both too.

I was planning to use bit-z before, but there are some threads and reviews that you cannot withdraw your tokens and coins from here https://bitcointalksearch.org/topic/bit-zcom-is-a-scam-please-do-not-deposit-your-cointoken-here-2425950.
And I read a lot of reviews here https://www.forexbrokerz.com/brokers/bit-z-review so I thought to stop planning to use it.

harizen

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Quote from: Leahhhh on August 16, 2018, 01:11:41 PM

Are you suggesting that some exchanges won't make me go through the KYC procedure if the amount involved is below a certain level?

You can proceed with KYC anytime.

About what carlfebz stated, some exchanges have withdrawal llimits based on your account level. For example, a basic account in Binance has BTC2/day limit, Poloniex have also the same*. And doing KYC will gave you an access for higher limits.

Anyways if Im in your position and want to sell some (no usual trade involved), I will sold it at local exchange. It's way more less hassle to you as surely it supports all payment gateway in your country for fast cashout. But if there's none available in your country then you have no choice but to deal with trading exchanges. I will not mentioned any trading platform here because we might have different experienced using them. Instead, look at those exchanges mentioned here by others and do self research about those especially the terms about withdrawal e.g fees and limits and people's feedback about using that exchange.

shnmykl

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For me, Bit-z is the most safest or most reliable Bitcoin exchange based on my experienced. Well, I haven't used some of Bitcoin exchanges yet but Bit-z has the kind of serviceable exchanger which is fast on transactions and very easy to use. It has a google authenticator and 2FA authentication too for safe purpose so that your coins will never be stolen. It has a setting where you can decide what you want to implement on your account's security access, either google authenticator or 2FA authentication and can be both too.

leowonderful

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Binance doesn't require KYC under volumes of under 2BTC/day or something similar IIRC, but I've also heard of people randomly being requested to do KYC on the site even though they were never near whatever threshold was set for KYC. I've never had an issue with them, but make sure you enable all methods of security, like 2FA, when making your account.

I'm not sure about other exchanges nowadays as I primarily use just Binance and Decentralized Exchanges (DEXes) for trading nowadays, but most major exchanges require KYC upfront before you can even start depositing funds or trading IIRC.

Leahhhh

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CarlFebz2, just read your comment - somehow missed it first time I read the thread. Are you suggesting that some exchanges won't make me go through the KYC procedure if the amount involved is below a certain level?

Leahhhh

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Thanks for all your replies....much appreciated. If I were to sell with Binance or Coinbase today (I won't be because I presume it will take some time to verify my ID with them), how soon could I expect the funds to be in my bank account? Also how long does it take on average for a customer's ID to be verified? Thanks again.

carlfebz2

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Quote from: Leahhhh on August 15, 2018, 09:29:04 AM

I bought my BTC in 2014 & have held through everything since, but now I'm nervous & would like to sell at least enough to cover my original investment. However, I have no idea which exchange to use & would welcome any advice as to which would be considered the safest & most reliable. PS: I am in the UK.

Since its your BTC and you are still on profits yet you do bought BTC back in 2014 then its your decision to secure your initial investment which is really a wise thing and talking about exchangers then there are lots of reputable as of now like Binance. As long you just cash out wont pass through threshold or limits then you wont really face any KYC procedures and most all exchangers would require kyc if its already involved with big amounts of btc.

Kemarit

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Quote from: target on August 15, 2018, 09:37:24 AM

You're almost too late but I'm guessing the price when you bought your BTC was less than a thousand and so you still have profited. But it doesn't matter if you really want to sell these are the list of exchange which some of their details are also presented to you https://coinmarketcap.com/rankings/exchanges/

Number 1 must be the safest, I assume. I wonder where you bought your BTC because most of the time, people just buy it on exchanges which means you probably have already.

Exactly. I usually look at the trading volumes in coinmarketcap (https://coinmarketcap.com/exchanges/volume/24-hour/). For me its good indication that the top 5 exchanges are top notch because traders used them.

Quote from: Leahhhh on August 15, 2018, 09:29:04 AM

I bought my BTC in 2014 & have held through everything since, but now I'm nervous & would like to sell at least enough to cover my original investment. However, I have no idea which exchange to use & would welcome any advice as to which would be considered the safest & most reliable. PS: I am in the UK.

Perhaps you can read this article and see how it goes for you: (https://www.bestbitcoinexchange.io/exchanges/uk/). But based on my experience, Binance will be a good choice.

bigmelons25

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Binance, Gemini , Kraken, Coinbase are the big exchanges that you can trust. Be very careful with leaving your funds on small exchanges because they can be hacked or exit scam at anytime.

hitrawal91

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Quote from: Leahhhh on August 15, 2018, 09:29:04 AM

I bought my BTC in 2014 & have held through everything since, but now I'm nervous & would like to sell at least enough to cover my original investment. However, I have no idea which exchange to use & would welcome any advice as to which would be considered the safest & most reliable. PS: I am in the UK.

There are many good exchanges available for exchanging the Bitcoins or selling your holdings in the most secure and reliable way. There is a number of exchanges like Binance, Bittrex, Zebpay, Stocks. Exchange, I have used all these exchanges personally and i found that they are really good to trust and use for trading purposes.

Flyagka_Vody

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There is one project. With very strong defence. You can trade on binance and poloneix from it using API. Trade there for 3 month) And yes, binance is the safiest exchange =) investy .io

lushlife

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Good job on hodling!

Stay away from those who are giving links of exchange sites, do it by yourself
(for example, binance and poloniex exchange) search it on google, be careful
of the phising sites, recheck the website or the url bar.

St4yInTh3D4rk

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"STAY IN THE DARK"

If you want to sell your bitcoins for fiat then you no need to go to exchanges.

1.just go to LocalBitcoins.com and signup with required details.
2.Then click wallet option and receive tab where you can get address to send your bitcoins.
3.Just send your bitcoin from your wallet to that address.
4.Finally click sell bitcoin and search for your country and pick desired payment method.
5.And select the trader who is paying good rate and then send trade request with necessary details to pay you.
6.And release the bitcoins when after you received money from the trader.

dimonstration

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Dimon69

Quote from: Leahhhh on August 15, 2018, 09:29:04 AM

I bought my BTC in 2014 & have held through everything since, but now I'm nervous & would like to sell at least enough to cover my original investment. However, I have no idea which exchange to use & would welcome any advice as to which would be considered the safest & most reliable. PS: I am in the UK.

2014? It's very long time and you missed the chance to sell it when the price of bitcoin are in $20000 but you still have an profits if you sell it. If I were you I will not sell it, but all of us are having our own decision it is up to you if you want to back your capital. There's a lot of exchange site that good to use and it is hard to say on which is the most safest, here's the some of exchange Binance and coinbase but before using that you should analyze it first.

atrocityx

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Congratulations on making it this far, sorry you missed the past top, but you are more than okay or in danger of ever getting down towards that level.. Id be surprised if even 5k gets tested... regardless coinbase should be safe.. I've used them for payouts and have never had any problems.. there may be something locally in UK thats cheaper but it'll likely come with some risk. Atleast keep a small stack to go long with to 100k

Binugon

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Quote from: Leahhhh on August 15, 2018, 09:29:04 AM

I bought my BTC in 2014 & have held through everything since, but now I'm nervous & would like to sell at least enough to cover my original investment. However, I have no idea which exchange to use & would welcome any advice as to which would be considered the safest & most reliable. PS: I am in the UK.

Wait for Bitcoin to experience a price increase, I advise you to exchange safely, among others:

- Binance
- HitBTC
- Bitmex
- Coinbase

Ividanik

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I would suggest you to use coinbase (https://www.coinbase.com). It is one of the oldest and biggest exchanges in market. They're allowance is up to 100000 euros per month and you can withdraw money directly to your bank account.

Leahhhh

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Merit: 14

Thanks for your reply. No, actually I didn't buy through an exchange; I bought through www.quickbitcoin.co.uk.

Topic: Safest/most reliable BTC exchange? - page 2. (Read 478 times)