Topic: So Many Exchanges out there - page 3. (Read 645 times)
I advise you to carefully read the reviews. Usually, if the exchange has any noticeable technical or reliability problems, information about this can be found.
Picking any exchange would be hard, I will give you that much. Even if you are dealing with places like Binance or Coinbase, it could become a difficulty because they require KYC and they could still get hacked in a way that your KYC could be shared with the world.
KYC should be serious problem for us, and why we have to worry about this policy ? isn't we want to maximize our security layer to protecting our account. and passing KYC could help to protect, maybe hackers will have trouble when withdrawing our assets but have different name on bank account and receiver. honestly i am feel comfort if asked to pass this stagge, beside for security reason my account limitation could increase.
Picking any exchange would be hard, I will give you that much. Even if you are dealing with places like Binance or Coinbase, it could become a difficulty because they require KYC and they could still get hacked in a way that your KYC could be shared with the world.
It's not always the money that gets stolen, the hackers would steal anything they could find, even if it is just staff names type of simple stuff. This means that we need to be careful when picking them. This is why I have suggested my friend who got in recently to use p2p, then use DEX and when he wanted to get out, use p2p again. This is the best method for your own privacy to stay intact.
It's not always the money that gets stolen, the hackers would steal anything they could find, even if it is just staff names type of simple stuff. This means that we need to be careful when picking them. This is why I have suggested my friend who got in recently to use p2p, then use DEX and when he wanted to get out, use p2p again. This is the best method for your own privacy to stay intact.
This is newbie talk, so don't kill me. I want to learn, but it seems so complicated.
I want to - sell BTC for ETH, and then sell that ETH for more BTC than I started the trade with. Sounds like a simple way to start, yet I know it won't be.
My biggest concern is that there are so many exchanges. How the heck do I know which ones will pay me after I make an exchange? I know I have to check their reserve balance, but what else should I look for?
I want to - sell BTC for ETH, and then sell that ETH for more BTC than I started the trade with. Sounds like a simple way to start, yet I know it won't be.
My biggest concern is that there are so many exchanges. How the heck do I know which ones will pay me after I make an exchange? I know I have to check their reserve balance, but what else should I look for?
Most exchanges will verified badge on twitter will surely pay you.
Just check top 5 exchanges on coingecko.com and choose your preferred one due to withdrawal fees. Although, i will recommend FTX exchange because they have lesser withdrawal fees
Simple, just check their trading activities the more they have liquidity the more you can exchange at ease. Right now there are a lot of exchanges that use bots rather than real people, you will see the difference if an exchange that uses a bot or many real traders if you have some experience in many exchanges. The other thing is the security if an exchange provides a low security then just forget it, it's better to go to the top exchange.
There isn't really "one way" to make sure that you could see if it's bots or real traders. I mean they have improved the bots so much so that we are talking about real looking stuff that gain a lot of volume and that gives people a ton of returns.If you really want to succeed then you need to make sure that you are looking at the trustable places that we all know. Like for example if you are trading at binance, do you really worry that they would try to trick you into thinking there is a volume there but actually do it with bots? I mean there are bots that trade, but not for volume. Binance wouldn't let it fly, they want legit stuff so they can make a profit.
This has not been issue on most and top trades and not a significant issue. Have not had that issue besides on decentralized trade when I exchange trick token that could withdrawal different tokens. Not all trades are worth the effort however here and there in the event that you have altcoins that isn't recorded on top trade you must choose the option to manage it or hang tight for the second that tokens can be recorded on significant trade.
just use popular exchanges like binance, kucoin, and others, or you can have a look at CMC. other than that, avoid using new exchanges. if you've been in this for a long time, and seeing as you're already a senior member on this forum, it doesn't seem like this is anything new to you. I suspect you have been trading for a long time or at least you have. if you are still confused about choosing your main exchange, then just use binance. it is more than enough.
You can do this by using any good exchanger. You can use Binance as the best exchanger or I will personally suggest to use FTX exchanger. The FTX Exchanger has the lowest transaction fees. You can easily do this by going from these centralized to trading options.
If i should recommend exchanges that is fifty (50) percent trustworthy. I will not hesitate to make mentioned of binance exchange, because it's the purest and we'll known exchange across the world everyone can recommend for any cryptocurrency exchange and speed transaction procession..so i give support of using binance as your recommendation 
You can do this by using any good exchanger. You can use Binance as the best exchanger or I will personally suggest to use FTX exchanger. The FTX Exchanger has the lowest transaction fees. You can easily do this by going from these centralized to trading options.
if we talking about lower transaction fees , maybe Woo exchanges has lower fee than FTX. as new exchange WOO network provide us good feature especially about fees in trading or withdrawl. even if we stake some amount of WOO we will get speciall feature that feeless in any services. in future it could competitors of Binance and FTX. 
There are hundreds of DEX or CEX exchanges currently circulating, but only a few can be trusted and have a good reputation, it's all business competition. so far I only use binance and kucoin (for CEX) and pancakeswap (for DEX).
This is newbie talk, so don't kill me. I want to learn, but it seems so complicated.
I want to - sell BTC for ETH, and then sell that ETH for more BTC than I started the trade with. Sounds like a simple way to start, yet I know it won't be.
My biggest concern is that there are so many exchanges. How the heck do I know which ones will pay me after I make an exchange? I know I have to check their reserve balance, but what else should I look for?
If you do have plans on dealing or making fiat conversion then stick with CEX.I want to - sell BTC for ETH, and then sell that ETH for more BTC than I started the trade with. Sounds like a simple way to start, yet I know it won't be.
My biggest concern is that there are so many exchanges. How the heck do I know which ones will pay me after I make an exchange? I know I have to check their reserve balance, but what else should I look for?
https://coinmarketcap.com/rankings/exchanges/
Binance is on the top which i could assure you since its one of the most famous.
If you dont like to touch up centralized platforms then you could opt in DEX.
https://coinmarketcap.com/rankings/exchanges/dex/
So its your choice to make!
This is newbie talk, so don't kill me. I want to learn, but it seems so complicated.
I want to - sell BTC for ETH, and then sell that ETH for more BTC than I started the trade with. Sounds like a simple way to start, yet I know it won't be.
My biggest concern is that there are so many exchanges. How the heck do I know which ones will pay me after I make an exchange? I know I have to check their reserve balance, but what else should I look for?
It all depends on what you mean by what you said "which ones will pay me after I make an exchange" but I personally select an exchange base onI want to - sell BTC for ETH, and then sell that ETH for more BTC than I started the trade with. Sounds like a simple way to start, yet I know it won't be.
My biggest concern is that there are so many exchanges. How the heck do I know which ones will pay me after I make an exchange? I know I have to check their reserve balance, but what else should I look for?
1) Reputation
2) How fast is their withdrawal service and cost: You can not request a withdrawal on Binance and don't want to pay a huge transaction fee which is unfair.
3) Customer support.
4) Geographical area restriction.
In fact, it is a concern of every exchanger user and many have encountered such problems all the time. In this case, users should always consider the popular and trusted exchanges. There are several top-rated cryptocurrency exchanges that have the best reputation and the security system is strong and secure. Binance, Kucoin, and Coinbase are the top exchanges and you can use all these exchanges.
Binance, Kucoin, MEXC, FTX this are only some of the top exchanges I used many times and never had any problems, from deposit and withdrawals are all smooth don't waste your time trying new exchanges which is not trusted and popular only reliable one like mentioned by many comments above.
Don't sell your BTC for any coin pair, all you need to do is sell altcoins to continue to grow BTC...
The goal of the OP is not just to hold bitcoin, but to increase its quantity. It is for this reason that he chose the second most popular Ethereum coin, paired with which he plans to trade. Accordingly, in order to achieve his goal, he needs to choose a reliable SEC, such as Binance, kuCoin or Huobi, so as not to lose his money.
~snip~
Having a lot of exchanges will make beginners dizzy and I agree with you. Use one exchange that you think supports you to grow. In this case of course security, trading volume, even the web interface also has an influence when you trade. But if later you have become proficient then it is not wrong to have many trading accounts, because you can make a profit by utilizing price margins by making purchases and selling in different exchanges. I used to love poloniex, but because the volume dropped then moved to Bittrex and now I use Binance and I like the old web interface.
My biggest concern is that there are so many exchanges. How the heck do I know which ones will pay me after I make an exchange? I know I have to check their reserve balance, but what else should I look for?
If i may suggest that you trade BTC and ETH on your local exchange site, it's better if you know about it, don't trust the exchanges out there too much, a lot of exchanges these days lead to scams.Exchange sites, generally the same as buying and selling and profit, there are different systems such as: Margin, Futures, Spot, fiat and so on, the point is: you must have trading knowledge.
Before you trade on the exchange site, try to visit here: https://bitcointalk.org/index.php?board=223.0, You will know the exchange's good and bad reputation, before you proceed to trade.
It could be done by @OP. What was clear, he needed to check the exchanges at the top of the list to find the exchange he wanted. Yes, I agree to consider Binance and KuCoin because I see Binance as one big exchange with a good reputation among other exchanges. Meanwhile, KuCoin is also trying to get a good position and get more traders to trade in their place. One exchange is enough for beginners, so they don't get confused about managing their trades.
Having a lot of exchanges will make beginners dizzy and I agree with you. Use one exchange that you think supports you to grow. In this case of course security, trading volume, even the web interface also has an influence when you trade. But if later you have become proficient then it is not wrong to have many trading accounts, because you can make a profit by utilizing price margins by making purchases and selling in different exchanges. I used to love poloniex, but because the volume dropped then moved to Bittrex and now I use Binance and I like the old web interface.
This is newbie talk, so don't kill me. I want to learn, but it seems so complicated.
I want to - sell BTC for ETH, and then sell that ETH for more BTC than I started the trade with. Sounds like a simple way to start, yet I know it won't be.
My biggest concern is that there are so many exchanges. How the heck do I know which ones will pay me after I make an exchange? I know I have to check their reserve balance, but what else should I look for?
I want to - sell BTC for ETH, and then sell that ETH for more BTC than I started the trade with. Sounds like a simple way to start, yet I know it won't be.
My biggest concern is that there are so many exchanges. How the heck do I know which ones will pay me after I make an exchange? I know I have to check their reserve balance, but what else should I look for?
Simple, just check their trading activities the more they have liquidity the more you can exchange at ease. Right now there are a lot of exchanges that use bots rather than real people, you will see the difference if an exchange that uses a bot or many real traders if you have some experience in many exchanges. The other thing is the security if an exchange provides a low security then just forget it, it's better to go to the top exchange.
~snip~
It is time-consuming checking all of the top 50, I think checking only at least out of the top 10 we already found good and trusted exchanges. But I suggest for OP to consider first those exchanges that are very popular in the market like Binance and Kucoin. And besides, we don't need to use different exchanges for a trader, 1 exchanger is good enough for as long as we are already satisfied with their fees and services. Having an active customer support is a big factor when choosing them.
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