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Topic: Those reliable exchanges on the market - page 4. (Read 1176 times)

sr. member
Activity: 1914
Merit: 328
July 28, 2020, 03:27:16 PM
#53
There is not a single exchange on the planet that is perfectly safe or where the users haven’t faced some kind of issue be it the deposits, withdrawals or normal trades. The only crypto exchanges I trust at the moment are:
Binance
Huobi
WazirX (Indian exchange merged with Binance)

I only keep the coins that I want to trade in exchanges, the rest of the coins that I wish to hold for long term are safely kept in external wallets and paper wallets. Also, I would recommend diversifying the portfolio in multiple exchanges so as to secure the capital to some extent. If one exchange shuts down, you don’t lose your entire portfolio as the rest stays in another exchange.
full member
Activity: 335
Merit: 100
July 28, 2020, 11:54:10 AM
#52
I prefer OKEx, they have never been hacked so I can safely keep my money here. In addition, they have a Saving product that lets you save with bank interest on their platform easily. Moreover their derivative trading volume is currently at the top as well as no flash pump dump, so I choose for futures trading.
full member
Activity: 1176
Merit: 162
July 28, 2020, 10:56:48 AM
#51
These days knowing the names of popular exchanges is not enough to make you safe, if your are not very cautious, you will be a victim of phishing or whatsoever scammers do to imitate a well-known platform just to scam people. But of course, knowing these exchanges are better than nothing to minimized the risk, what I am trying to say is we need to be careful everytime. These exchanges are good and I would recommend to use it too.
sr. member
Activity: 882
Merit: 253
July 28, 2020, 10:13:01 AM
#50
There are other reliable exchanges too. I've been using liquid.com so far and I've been enjoying trading with the exchanges. They give updates about maintenance on time. They have several currency to trade with. There is balance portfolio and their margin trading is quite easy to use and understand. Also some others good exchanges are out there like this.
I think those exchanges deserved to be recognized for their performance in crypto world but we expect that they will deliver more improvements. Binance, Coinbase and BitMex are crypto exchange site that I’m using right now. I have no problem with them in fact these three should be the target when listing in crypto exchange.
full member
Activity: 407
Merit: 100
DIA | Data infrastructure for DeFi
July 27, 2020, 09:53:56 PM
#49
Those are really reliable exchange for trade. I am surprised that OP didn't talk about kucoin though. I did lot of trade from last past 3 years in those exchanges and my little experience said you can trade those exchanges without any worries. Binance is already most popular exchange at this moment for new/old altcoin trade. I choose Huobi and Coinbase mainly for btc trade. Kraken, Bittrex, BitForex are also good quality exchange to me.
I am more interested in Coinbase because this exchange has become so familiar to investors and this exchange only lists large coins so if you want to liquidate with a large amount of money, this is a good choice for you. However, the transaction fee here is very high so this is the reason why investors tend to switch to cheap exchanges like Binance or Kucoin. In addition, some exchanges such as Bitmax, Okex, Gate are also very interesting options for everyone.
sr. member
Activity: 812
Merit: 251
UniDApp - it's DeFi time!
July 24, 2020, 09:23:05 PM
#48
Out of five exchanges mentioned by OP, I have been familiar with only binance and coinbase.

I have used coinbase as a wallet services and never had any exchange there. I hold active account with binance as I do see lots of my preferred altcoins are being traded there with high liquidation.

Huobi, OKEx are some known exchanges but they are not providing me any reasons to check with them. (I am having the habit of opening account with an exchange when a trading pair, I am looking to trade is available there with decent volume).

BitMEX is the derivative exchange. Once I planned to start futures trading with at least 10x leverage then as per this community opinion, I have dropped that idea. Still, I am gathering information and strategies to sustain in futures trading, if I find anything support me to be profitable in futures trading, then I will go for bitmex to trade with.
Most of the exchanges you list are ones that have a good reputation and certainly when you deposit here you can feel more comfortable to use. Personally, I just prefer to use Huobi because this exchange has been with me for a long time and can switch to Fiat easily and until now there haven't been any issues that have occurred to me. I also use Binance like everyone else but since this exchange was hacked, I have stopped using it because there is a risk here.
legendary
Activity: 3052
Merit: 1188
July 20, 2020, 04:18:29 PM
#47
It is not really that easy to reach those levels, I mean we are talking about billion dollar market that has companies buying other websites for 400 million dollars, think of how much wealth there is to be made in this business which is why I think it is quite important to know how nearly impossible to be there and there are thousands of exchanges without proper volume, most of them either claim they were hacked and steal your money, or they just bankrupt basically. That is why I think these reliable exchanges are definitely important in our crypto world, it is not easy to get something like that and we can't have too much of them, it would be very very difficult to get more of them so we have to take really good care of the ones we have and make sure we do not force them out of business.
full member
Activity: 994
Merit: 101
July 20, 2020, 11:44:31 AM
#46
Those are really reliable exchange for trade. I am surprised that OP didn't talk about kucoin though. I did lot of trade from last past 3 years in those exchanges and my little experience said you can trade those exchanges without any worries. Binance is already most popular exchange at this moment for new/old altcoin trade. I choose Huobi and Coinbase mainly for btc trade. Kraken, Bittrex, BitForex are also good quality exchange to me.
legendary
Activity: 2884
Merit: 1117
July 20, 2020, 11:31:05 AM
#45
It seems you are focusing on only high liquidation or high end exchanges alone because I am not seeing the exchanges where I do frequent. Stex and mercatox are my favorite exchanges as I am find few pairs which are not available even with highly established exchanges for some reasons. When you stick within certain coins and tokens for your trading purposes then I guess just one or two exchanges will be more than enough.

I am holding accounts at least in ten exchanges still I never try few of highly reputed exchanges like binance and huobi.

The purpose of this discussion seems reasonable but we cannot foresee what is going to happen because mtgox and cryptsy were once highly established and known exchange for this community but later they were gone for some reasons. So, not relying on your exchanges for big amount of money will help you.
member
Activity: 898
Merit: 19
Do it For Better Humanity (Bitget trader)
July 20, 2020, 08:27:53 AM
#44
There are other reliable exchanges too. I've been using liquid.com so far and I've been enjoying trading with the exchanges. They give updates about maintenance on time. They have several currency to trade with. There is balance portfolio and their margin trading is quite easy to use and understand. Also some others good exchanges are out there like this.
sr. member
Activity: 2660
Merit: 339
July 19, 2020, 11:46:02 PM
#43
Out of five exchanges mentioned by OP, I have been familiar with only binance and coinbase.

I have used coinbase as a wallet services and never had any exchange there. I hold active account with binance as I do see lots of my preferred altcoins are being traded there with high liquidation.

Huobi, OKEx are some known exchanges but they are not providing me any reasons to check with them. (I am having the habit of opening account with an exchange when a trading pair, I am looking to trade is available there with decent volume).

BitMEX is the derivative exchange. Once I planned to start futures trading with at least 10x leverage then as per this community opinion, I have dropped that idea. Still, I am gathering information and strategies to sustain in futures trading, if I find anything support me to be profitable in futures trading, then I will go for bitmex to trade with.
sr. member
Activity: 337
Merit: 250
July 19, 2020, 11:23:15 PM
#42
Agree that mistakes in choosing exchanges can result in investment in bad projects and also fall victim to scams. Exchanges platforms
are one of the most important keys to success in the trading world. Of all the reliable exchanges mentioned in the opening post, only
Binance exchange is always my choice of trading. Besides having low fees, Binance also has a complete trading feature. So with the
advantages of the Binance, I am more comfortable when trading on Binance exchanges.
Binance is a very good user support exchange and I do not have any major issues when trading here. Also, this exchange is considered to be the safest for everyone because I haven't had any withdrawal issues during the last 3 years.

However, this exchange has been hacked and investors should also be careful when sending all assets to Binance because there will always be risks.
full member
Activity: 363
Merit: 100
July 19, 2020, 09:13:11 AM
#41
I try many exchange but i put much money in catex because i love to earn passive income on their staking which is good enough income for the month even i do not do actual buy and sell of crypto.


There is much reliable exchange in the market that We can able to use in dude, Now CMC is one of the good reference tools to find a good platform. Moreover, as I searched or checked the exchange you mentioned at the above cat.ex has a good volume in the market.
And you were also right about the staking program they have in there, perhaps I will try also to be part of their staking programs as well, thanks for sharing, God bless.
full member
Activity: 1190
Merit: 117
July 19, 2020, 12:06:36 AM
#40
Agree that mistakes in choosing exchanges can result in investment in bad projects and also fall victim to scams. Exchanges platforms
are one of the most important keys to success in the trading world. Of all the reliable exchanges mentioned in the opening post, only
Binance exchange is always my choice of trading. Besides having low fees, Binance also has a complete trading feature. So with the
advantages of the Binance, I am more comfortable when trading on Binance exchanges.
full member
Activity: 467
Merit: 100
DIA | Data infrastructure for DeFi
July 18, 2020, 09:20:43 PM
#39
These exchanges are well trusted by traders because of their popularity and reputation. As a trader its important to choose the exchange where you will entrust your coins especially that hacking is common nowadays. Binance is one of the top exchange available on the market, if your coins are listed there expect a good volume and its unlikely to turn shitcoins though of course its not 100% guaranteed because it depends on the progress and dev of the project.

So if you're newbies looking for an exchanges, go for an exchange that most traders trust and use.
Binance has always attracted all investors in this market and of course this is the best liquidity exchange and a lot of potential projects listed here. For me, Binance is more than enough because this exchange has a good reputation and has never stolen investors' money so there hasn't been any FUD for the past 3 years. However, in the past this exchange has been hacked and this is an issue that Binance needs to improve more in the future.
hero member
Activity: 3010
Merit: 629
July 18, 2020, 03:30:08 AM
#38
These exchanges are well trusted by traders because of their popularity and reputation. As a trader its important to choose the exchange where you will entrust your coins especially that hacking is common nowadays. Binance is one of the top exchange available on the market, if your coins are listed there expect a good volume and its unlikely to turn shitcoins though of course its not 100% guaranteed because it depends on the progress and dev of the project.

So if you're newbies looking for an exchanges, go for an exchange that most traders trust and use.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
July 18, 2020, 01:45:23 AM
#37
I also think those exchanges hold more reliable project/coins than others,
Shitcoins are there in every exchange. Are you sure of what you are typing in your posts? Roll Eyes

Quote
they research the projects, advice them and give regulations for successful delivery,
They do biased research in order to promote the site. People need to understand that exchange earn from the project owners who token they are listing. They are paid to list the token and paid to promote them. If you need technical research you should do it yourself or hire someone to do it and not listen to spun up articles from exchanges.

Quote
if the project fails to attract good volume of trade they delist.
This I agree. It is important as well.

Quote
have history of hack and no exchange is out-rightly safe from hack so coin traded should be properly managed.
Coin traded has nothing to do with hacking events. History of hack usually has led to the demise of that exchange. None of them have survived a hack and come back with the same brand name. So its better not worth discussing about hacks but only that exchanges need to prevent them.
hero member
Activity: 2828
Merit: 518
July 17, 2020, 06:20:50 PM
#36
And why most traders preferred for these names? Because they know they can't be disappointed and they rely upon their trust with. The trust issue is very important in trading and that supposed trading sites would have to resist and find a better solution away from hacking. What did Huobi and Binance, and the rest of OP's list are actually performing an excellent job thus giving them a way to get noticed and being recognized by traders and investors.

But above all, we should also have the concern of our own trades, exchanges isn't giving us everything and that security assurance will also rely on us and what we do during trading.
hero member
Activity: 1834
Merit: 566
July 17, 2020, 04:31:50 PM
#35
Yeah even the ones that we trust so much could be hacked, that is the trouble with trusting the exchanges, you are not just trusting them to be a good place, you are trusting them to continue being a good exchange without getting hacked as well.
I dont understand why things change some fast in the mind of every crypto enthusiasts and traders cause every exchange site no matter how reliable it was are not to be trust with huge funds and people are to only save the amount they can afford to loose on exchange site but all this seems not to matter to most crypto investors.

You know what people thought about old exchanges that got closed? They thought they were legit too, and until the moment they started to scam people, they were actually looking pretty legit as well.
There are still old exchange existing exchange site that start up good and later scam people. An example Yobit.

Binance could be an exchange that everyone loves for example, but that doesn't mean some guy would come in and steal all the money from binance and make them lose it all. Or that doesn't mean something could happen that would destroy the cold storage, it is a technology after all and it is not impossible. That is why be careful even with the most liked ones.
Definitely nothing is permanently secure.
legendary
Activity: 3052
Merit: 1188
July 17, 2020, 10:54:25 AM
#34
Yeah even the ones that we trust so much could be hacked, that is the trouble with trusting the exchanges, you are not just trusting them to be a good place, you are trusting them to continue being a good exchange without getting hacked as well. You know what people thought about old exchanges that got closed? They thought they were legit too, and until the moment they started to scam people, they were actually looking pretty legit as well.

Binance could be an exchange that everyone loves for example, but that doesn't mean some guy would come in and steal all the money from binance and make them lose it all. Or that doesn't mean something could happen that would destroy the cold storage, it is a technology after all and it is not impossible. That is why be careful even with the most liked ones.
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