Topic: What is currently a good place to trade Bitcoin? (Read 211 times)
$20 of BTC is good to test any platform, not just hitbtc. Do think about it this way: liquidity is a MUST, if you're just dealing BTC then any exchange will do good for you, if you're interested in a more niche cryptocurrency then it might be a good idea to try hitbtc, they list pretty much everything in existance, and that's a good thing.
As for HitBTC, I was a non-verified user for quite some time. The only significant problem that I encountered was when they suddenly asked me to undergo KYC. I did it and it was pretty quick. However, with the complaints against the exchange piling up, I would say there must be a lot of other much better exchanges out there.
I've also been a non-verified user of Binance for a few years now. No problem encountered so far but I have already accepted the possibility that they will also suddenly ask for KYC, as has already happened to a lot of users. If that time comes, I might be forced to undergo the same.
But what's the fuss about KYC if your friend will just try to 'feel' the crypto market with just around $20 worth of BTC to start with? I'd say first things first. After having the 'feel' and the hang of it and he sort of likes it and decides to shell out a bigger amount, he'll give it a deeper process as to which exchange suits him best.
But if it's KYC/AML/CFT you are avoiding, you should also be avoiding centralized exchanges as they are all bound to it. As to sharing your KYC information to third parties, that is already attached to KYC. The moment you release them, you have no control as to god knows where they submit them.
I've also been a non-verified user of Binance for a few years now. No problem encountered so far but I have already accepted the possibility that they will also suddenly ask for KYC, as has already happened to a lot of users. If that time comes, I might be forced to undergo the same.
But what's the fuss about KYC if your friend will just try to 'feel' the crypto market with just around $20 worth of BTC to start with? I'd say first things first. After having the 'feel' and the hang of it and he sort of likes it and decides to shell out a bigger amount, he'll give it a deeper process as to which exchange suits him best.
But if it's KYC/AML/CFT you are avoiding, you should also be avoiding centralized exchanges as they are all bound to it. As to sharing your KYC information to third parties, that is already attached to KYC. The moment you release them, you have no control as to god knows where they submit them.
I am using this exchange, and based on my personal experience, I haven't face any issue with this site.
Would you care to direct me to a thread if they have a scam accusation here?
Would you care to direct me to a thread if they have a scam accusation here?
Just take a look at the last few pages on their ann thread: https://bitcointalk.org/index.php?topic=378827.2000
True, Binance does not require KYC up to a certain amount only, if you does not transact amount beyond their limit, you should be fine with making an account without KYC but you also have to consider the risk, for me, $1,000 equivalent of bitcoin is already a big amount, and though it's possible to trade in Binance with that amount less KYC, I would make sure I'm registered with KYC so if my account gets compromise, it would be easy to recover it since I can easily prove my ownership.
If someone hacks your account, it would be with the intention of stealing your funds and not use it, so I don't really see how KYC would help in this case.
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eXch.cx - Automatic crypto Swap Exchange.
Why so concerned about their KYC or are you planning on storing your coins on the exchange (if you're then you should rethink that decision). Most exchanges let you trade without completing their KYC verification so why bother about their KYC rules and also since your capital isn't that huge, you're unlikely to encounter any issues. Lets assume you trade and make some much profit that if you're to withdraw at once you might encounter some security issue, you can easily avoid that by withdrawing in batches to stay under the radar.
There are other popular exchanges that are similar to Binance in terms of liquidity, popularity and user experience that you can research more on, here's a list Top cryptocurrency spot exchange.
There are other popular exchanges that are similar to Binance in terms of liquidity, popularity and user experience that you can research more on, here's a list Top cryptocurrency spot exchange.
Stay away from HitBtc regardless of how small the amount is.
Not sure what's the source of your info, but binance doesn't have a strict KYC policy. If you're not from a banned country, you should be fine withdrawing up to 2 BTC per day without the need of verifying your identity.
And if you want another alternative, then Kucoin is a great one (same policy as binance).
Regarding HitBTC, will do, although like some others here I haven't had any negative experience with them and haven't heard about it. As for Binance, I read their Terms and Conditions and that's what I thought they meant here:Not sure what's the source of your info, but binance doesn't have a strict KYC policy. If you're not from a banned country, you should be fine withdrawing up to 2 BTC per day without the need of verifying your identity.
And if you want another alternative, then Kucoin is a great one (same policy as binance).
I wouldn't suggest some random cryptocurrency exchanges but just one which I have been using and nothing bad has happened. Binance to me is the best exchange for anyone who want to trade bitcoin, their policies are easy going type unlike some crypto exchanges with fake policies. Stay safe with binance and trade to your satisfaction. Another cryptocurrency exchange I can vouch for is the Bitforex exchange, although I have traded some few times with them.
Yeah, I know that Binance is highly reputable, but their terms really don't disturb you?Let me quote something from them:
Quote
Depending on the products or services concerned, your personal data may be disclosed to the following third parties:
Quote
third-party business partners who provide goods and services or sponsor contests or other promotional activities, whether or not in cooperation with us;
I guess for now, Binance does still sound like the best choice. I know it's easy to use, has favorable fees and probably the best reputation. I'll have my friend look into some other options mentioned here, like Kucoin. 
ChainEX is ready when you are. – http://chainex.io
#New #Digital #Platform #Crypto #ChainEX #Exciting #Fingertips #Launch #Revolutionary #Technology #OnTheGo
Already discussed here https://bitcointalksearch.org/topic/is-chainx-a-scam-5257461 #New #Digital #Platform #Crypto #ChainEX #Exciting #Fingertips #Launch #Revolutionary #Technology #OnTheGo
all feedback and scam accusations https://bitcointalksearch.org/topic/scam-chainx-exchange-emjac-ieo-5227425
I don't see any respons from you
I wouldn't suggest some random cryptocurrency exchanges but just one which I have been using and nothing bad has happened. Binance to me is the best exchange for anyone who want to trade bitcoin, their policies are easy going type unlike some crypto exchanges with fake policies. Stay safe with binance and trade to your satisfaction. Another cryptocurrency exchange I can vouch for is the Bitforex exchange, although I have traded some few times with them.
I am using this exchange, and based on my personal experience, I haven't face any issue with this site.
Would you care to direct me to a thread if they have a scam accusation here?
Would you care to direct me to a thread if they have a scam accusation here?
I was a HitBtc user and you could actually Google for the reviews and discussions; Reddit for example.
I'm not sure if they're still ShitBtc, but during my time, there were issues with deposits and withdrawals, downtimes, and recovery of funds if you screwed up.
Stay away from HitBtc regardless of how small the amount is.
I am using this exchange, and based on my personal experience, I haven't face any issue with this site. Would you care to direct me to a thread if they have a scam accusation here?
Not sure what's the source of your info, but binance doesn't have a strict KYC policy. If you're not from a banned country, you should be fine withdrawing up to 2 BTC per day without the need of verifying your identity.
And if you want another alternative, then Kucoin is a great one (same policy as binance).
True, Binance does not require KYC up to a certain amount only, if you does not transact amount beyond their limit, you should be fine with making an account without KYC but you also have to consider the risk, for me, $1,000 equivalent of bitcoin is already a big amount, and though it's possible to trade in Binance with that amount less KYC, I would make sure I'm registered with KYC so if my account gets compromise, it would be easy to recover it since I can easily prove my ownership. And if you want another alternative, then Kucoin is a great one (same policy as binance).
Of course, a beginner wants to try to trade cryptocurrency faster, while experiencing one or another advantage of a cryptocurrency exchange and not waste time providing passport data. Actually, there are a lot of cryptocurrency exchanges on the cryptocurrency market that do not require user verification to trade cryptocurrency, but not all such exchanges have a fiat gateway. Therefore, in addition to Binance, you can also recommend such exchanges as Kucoin and Crex24. In addition, you can advise Payeer, But on this resource there is a limit of $ 2,000, for non-verified users, for daily withdrawals.
He was thinking about Binance, and it's of course a good exchange, but it seems that they have strict KYC policies and their terms allow them to share personal data of their users with too many entities (like, not just the authorities, but also companies that want to promote some products, it's crazy!).
I can't think of any other good exchange other than Binance and in fact, you can use their full service without turning in your personal documents unless you are a heavy trader which makes your withdrawal exceeds 2 BTC limit per day.Alternatively, you can also try Bitfinex with 10 BTC withdrawal limit per day; if it exceeds, then you are required to undergo KYC as well.
I am not a trader but I think it will not hurt if I just observe these exchange scam accusation before they ruined numerous traders lives.
[1] HitBTC Scammers Face Two Years in Jail for $140K Bitcoin Twitter Fraud
[2] HitBTC Review and Comparison
He was thinking about Binance, and it's of course a good exchange, but it seems that they have strict KYC policies and their terms allow them to share personal data of their users with too many entities (like, not just the authorities, but also companies that want to promote some products, it's crazy!).
I can't think of any other good exchange other than Binance and in fact, you can use their full service without turning in your personal documents unless you are a heavy trader which makes your withdrawal exceeds 2 BTC limit per day.Alternatively, you can also try Bitfinex with 10 BTC withdrawal limit per day; if it exceeds, then you are required to undergo KYC as well.
I am not a trader but I think it will not hurt if I just observe these exchange scam accusation before they ruined numerous traders lives.
[1] HitBTC Scammers Face Two Years in Jail for $140K Bitcoin Twitter Fraud
[2] HitBTC Review and Comparison
Anyway, first this might belongs to Trading Discussion board.
I tend to agree with OmegaStarScream, you can use Binance since they had the largest liquidity and has a good volume per day due to a variety of support coins pair that you can choose. Binance didn't allow to require KYC if you withdraw below 2BTC. Correct me if I am wrong with this information but as I have heard there's restriction if you've resided in US country. That's I highly recommend before diving into that exchange read first this, https://www.binance.com/en/terms.
Speaking of HitBTC exchange, we're the same experienced but when I stopped trading and heard a lot of complaints against them here in our community, I didn't have plan to use them again.
I tend to agree with OmegaStarScream, you can use Binance since they had the largest liquidity and has a good volume per day due to a variety of support coins pair that you can choose. Binance didn't allow to require KYC if you withdraw below 2BTC. Correct me if I am wrong with this information but as I have heard there's restriction if you've resided in US country. That's I highly recommend before diving into that exchange read first this, https://www.binance.com/en/terms.
Speaking of HitBTC exchange, we're the same experienced but when I stopped trading and heard a lot of complaints against them here in our community, I didn't have plan to use them again.
ChainEX is ready when you are. – http://chainex.io
#New #Digital #Platform #Crypto #ChainEX #Exciting #Fingertips #Launch #Revolutionary #Technology #OnTheGo
Already discussed here https://bitcointalksearch.org/topic/is-chainx-a-scam-5257461 #New #Digital #Platform #Crypto #ChainEX #Exciting #Fingertips #Launch #Revolutionary #Technology #OnTheGo
all feedback and scam accusations https://bitcointalksearch.org/topic/scam-chainx-exchange-emjac-ieo-5227425
I don't see any respons from you
Stay away from HitBtc regardless of how small the amount is.
Not sure what's the source of your info, but binance doesn't have a strict KYC policy. If you're not from a banned country, you should be fine withdrawing up to 2 BTC per day without the need of verifying your identity.
And if you want another alternative, then Kucoin is a great one (same policy as binance).
Not sure what's the source of your info, but binance doesn't have a strict KYC policy. If you're not from a banned country, you should be fine withdrawing up to 2 BTC per day without the need of verifying your identity.
And if you want another alternative, then Kucoin is a great one (same policy as binance).
Three years ago I experimented with crypto trading on various exchanges myself, but since it was a long time ago, I want some more up-to-date information. A friend of mine wants to try buying and selling Bitcoin for USDT and perhaps a couple of famous altcoins just to see whether he can 'feel' the market. He was thinking about Binance, and it's of course a good exchange, but it seems that they have strict KYC policies and their terms allow them to share personal data of their users with too many entities (like, not just the authorities, but also companies that want to promote some products, it's crazy!). What would be a good exchange for a beginner that just wants to experiment with, say, $20 worth of BTC? It doesn't have to be a completely anonymous exchange, but perhaps an exchange that reserves the right to check identity, but probably would not actually do it if a person is playing around with such a small amount of money. Of course, it has to be reputable and the fees should not be overwhelming. Back in the days I had a positive experience with HitBTC. Would this be a good choice? Thanks!
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