However, it is preferable to pick the most rated and trusted one. Personally , I would rather use a decentralized exchange (such as Dexilon, PancakeSwap, Bisq and Uniswap) than CEX due to a lot of factors , DEXs don’t require KFC verification, also users are able to control their funds, plus there is no risk to get hacked and server gets down.
These are not instant exchange but you have a point. Much better to use a trusted option than using a lower fee/instant platform but the risk is much more higher. I would rather do the same, in fact i never used an instant exchange too but would prefer pancakeswap. 
Topic: What's highest amount instant exchanges can be trusted with? (Read 395 times)
Well, it depends on the exchange you’re using and to be honest, there is always a risk when you are involved with any crypto or trading platforms. However, it is preferable to pick the most rated and trusted one. Personally , I would rather use a decentralized exchange (such as Dexilon, PancakeSwap, Bisq and Uniswap) than CEX due to a lot of factors , DEXs don’t require KYC verification, also users are able to control their funds, plus there is no risk to get hacked and server gets down. Unfortunately, CEX exchanges are more famous and have further crypto users than DEX ones despite they have a plenty disadvantages.
I can say that it's better to do several small transactions rather than one big one, it ultimately depends on your personal preference and risk tolerance. For example, smaller transactions may be less risky, but they may also be less convenient and potentially more expensive due to transaction fees.
It's gonna give you some sweat for doing some huge transactions through instant swaps, I've never done that before and probably will never have the balls to do it. Like a couple of hundreds will do but up to more than $500 and to thousands, I'll just do it in the common exchanges that I've got good experiences.
In the other hand, larger transactions may carry more risk but can be more cost-effective and efficient in the long run.
Really differs and read what Loyce said about if it's with bigger transactions, it favors more the usual centralized exchanges for being cheaper. 
Well, you are right but I am not aware is there any existing instant swap exchange is in operation without KYC.
May be you are confusing instant exchanges with traditional cexes. There are plenty instant exchanges without kyc (only on doubtful transfers you might get asked for kyc). Myself have been using simpleswap since last couple years without kyc.
Thanks for the list buddy but in my opinion I won't trust such exchanges anything over 100 even if I am using it for a while.
Well, you are right but I am not aware is there any existing instant swap exchange is in operation without KYC.
May be you are confusing instant exchanges with traditional cexes. There are plenty instant exchanges without kyc (only on doubtful transfers you might get asked for kyc). Myself have been using simpleswap since last couple years without kyc.
legendary
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eXch.cx - Automatic crypto Swap Exchange.
I can say that it's better to do several small transactions rather than one big one, it ultimately depends on your personal preference and risk tolerance. For example, smaller transactions may be less risky, but they may also be less convenient and potentially more expensive due to transaction fees. In the other hand, larger transactions may carry more risk but can be more cost-effective and efficient in the long run.
How much is the transaction fees that someone will be complaining of them been too much. Among losing all your money or paying more transaction fees which one will you choose. Personally I still spilt my withdrawals after I have made sure there isn't any mistakes after I have crosscheck my receiving address to make sure I didn't copy the wrong address still I'll split my transaction into two. The first will be as a confirmation of the address been accurate then I'll make the larger withdrawal. Bitcoin withdraw fees on exchanges aren't that high and so are other altcoins.
The only altcoins that would had been a problem is Ethereum fees due to the congestion it usually has on their blockchain but looking at the withdrawal fees on some popular exchanges they're just above $3 for each withdrawal so what's their to pay these fees just to avoid losing all your funds. You can never be too careful as scammers are constantly developing new virus to attack our devices to divert the funds we're trying to withdraw.
I can say that it's better to do several small transactions rather than one big one, it ultimately depends on your personal preference and risk tolerance. For example, smaller transactions may be less risky, but they may also be less convenient and potentially more expensive due to transaction fees. In the other hand, larger transactions may carry more risk but can be more cost-effective and efficient in the long run.
Well, you are right but I am not aware is there any existing instant swap exchange is in operation without KYC. In the past we had and we can use them just from our wallet itself but since 2019 they become obsolete when every exchange made KYC as mandatory due to regulations of government.So anyone who wants to trade huge amount then only option is to choose the traditional spot trading method because where there is no risk for our funds but we need to compromise our privacy or can use Bisq like platform where you can find higher limits too but it totally depends on what currency your looking to convert.
For example in Bisq platform the volume is almost zero so I can't trade at all but for other currencies there I can find lot of offers.
I can say that it's better to do several small transactions rather than one big one, it ultimately depends on your personal preference and risk tolerance. For example, smaller transactions may be less risky, but they may also be less convenient and potentially more expensive due to transaction fees. In the other hand, larger transactions may carry more risk but can be more cost-effective and efficient in the long run.
Some exchanges may have a higher level of trustworthiness than others, but there's always some level of risk involved when using any platform.
Personally, I haven't swapped very large amounts on instant exchanges before, as I tend to prefer the added security of using a traditional exchange.
I think it really depends on your personal preference and risk tolerance. Splitting up larger transactions into smaller ones can definitely add an extra layer of security, but it can also be more time-consuming and inconvenient.
So, up to you to weigh the benefits and drawbacks and make the decision that feels right for you.
Personally, I haven't swapped very large amounts on instant exchanges before, as I tend to prefer the added security of using a traditional exchange.
I think it really depends on your personal preference and risk tolerance. Splitting up larger transactions into smaller ones can definitely add an extra layer of security, but it can also be more time-consuming and inconvenient.
So, up to you to weigh the benefits and drawbacks and make the decision that feels right for you.
Many exchanges may have a higher level of trustworthiness than others, but there is always some risk involved when using any platform.Personally, I haven't traded much on instant exchanges before, as I prefer the added security of using a traditional exchange. I think it really depends on your personal preference and risk tolerance. Breaking up larger transactions into smaller transactions can certainly add an extra layer of security, but it can also be more time-consuming and inconvenient.
So, it is up to you to weigh the pros and cons and make the decision that feels right for you.......
So, it is up to you to weigh the pros and cons and make the decision that feels right for you.......
LOL! Are you guys twins? Or are these two accounts owned by just a single person? Either way, these two posts are basically the same. It seems a text spinner is used to make them look different, or perhaps they are manually paraphrased. Whatever; surely it isn't just a coincidence that these two posts are similar.
Anyway, I've just made an instant swap with my Exodus mobile wallet. I feel a little more confident with it because it's a non-custodial wallet, albeit closed-source. Yeah, it's basically not an exchange, but if no-fuss swaps is all you need, it's probably better than depositing your money in an exchange.
Many exchanges may have a higher level of trustworthiness than others, but there is always some risk involved when using any platform.Personally, I haven't traded much on instant exchanges before, as I prefer the added security of using a traditional exchange. I think it really depends on your personal preference and risk tolerance. Breaking up larger transactions into smaller transactions can certainly add an extra layer of security, but it can also be more time-consuming and inconvenient.
So, it is up to you to weigh the pros and cons and make the decision that feels right for you.......
So, it is up to you to weigh the pros and cons and make the decision that feels right for you.......
May be 200$ - 500$ is the max trusted per one exchange case, if you have previous experience with this exchange. And yes - probably there can be scam exchanges too, so you can start exchange with 10$ - 15$.
Here - https://bitcointalksearch.org/topic/m.61931292, is fast, instant and no KYC BTC/30+ altcoins exchange with low fees - fixed 1% or float 0.5%.
Here - https://bitcointalksearch.org/topic/m.61931292, is fast, instant and no KYC BTC/30+ altcoins exchange with low fees - fixed 1% or float 0.5%.
Some exchanges may have a higher level of trustworthiness than others, but there's always some level of risk involved when using any platform.
Personally, I haven't swapped very large amounts on instant exchanges before, as I tend to prefer the added security of using a traditional exchange.
I think it really depends on your personal preference and risk tolerance. Splitting up larger transactions into smaller ones can definitely add an extra layer of security, but it can also be more time-consuming and inconvenient.
So, up to you to weigh the benefits and drawbacks and make the decision that feels right for you.
Personally, I haven't swapped very large amounts on instant exchanges before, as I tend to prefer the added security of using a traditional exchange.
I think it really depends on your personal preference and risk tolerance. Splitting up larger transactions into smaller ones can definitely add an extra layer of security, but it can also be more time-consuming and inconvenient.
So, up to you to weigh the benefits and drawbacks and make the decision that feels right for you.
based on this https://withdrawalfees.com/coins/bitcoin some "classic" exchanges are better
How can you say that's better without comparing the instant exchanges and including the exchange rate? "Classic" exchanges have 2 fees: one for exchanging and one for withdrawing. Instant exchanges don't make that distinction. - OKX: You can withdraw any amount (there is no minimum) and the withdrawal fee is $0.93
- Kraken: You can withdraw an amount higher than $11.62 and the withdrawal fee is $0.23
legendary
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What's highest amount have you swapped with them?
Not more than $200 if I can remember correctly. Personally, I just use the typical spot exchange like KuCoin as they currently don't enforce AML/KYC. Been using it for years now without submitting AML/KYC; but of course don't expect it to be like this forever.
Do they? I can't remember if they allow non-KYC members to trade. I have gone through their KYC to participate into their IEO. It was a great experience in the last bull. 
- OKX: You can withdraw any amount (there is no minimum) and the withdrawal fee is $0.93
According to the list, it's OKCoin (fiat exchange) that has a 0.93$ withdrawal fee on BTC and not OKX.
OKX has a 0.0002 BTC withdrawal fee (~4.50$ at the time of writing this) or is almost free when using the lightning network.
As a test: try to exchange 0.1 LTC from your wallet into Bitcoin in your wallet, and see which exchange gets you the most. Many "classic" exchanges won't even let you withdraw the Bitcoin because it's under their minimum amount to withdraw.
For large amounts, instant exchanges are usually more expensive than "classic" exchanges.
For large amounts, instant exchanges are usually more expensive than "classic" exchanges.
based on this https://withdrawalfees.com/coins/bitcoin some "classic" exchanges are better
- OKX: You can withdraw any amount (there is no minimum) and the withdrawal fee is $0.93
- Kraken: You can withdraw an amount higher than $11.62 and the withdrawal fee is $0.23
- if the amount is above $12 and you don't have a problem with KYC, it's hard to find a withdrawal fee cheaper than $0.23.
- if you don't want to verify identity, a withdrawal fee of $0.93 is good for any amount over $2, which I think most instant exchanges allow lower than $2.
The main reason is that usually you have to pay a higher price for a swap as compared if you just trade in on the centralized exchange with lot less fee.
Do you count withdrawal fees in this?As a test: try to exchange 0.1 LTC from your wallet into Bitcoin in your wallet, and see which exchange gets you the most. Many "classic" exchanges won't even let you withdraw the Bitcoin because it's under their minimum amount to withdraw.
For large amounts, instant exchanges are usually more expensive than "classic" exchanges.
I do not use the swap service unless and until the coin which i need to swap is not available on the exchanges to trade/swap.
The main reason is that usually you have to pay a higher price for a swap as compared if you just trade in on the centralized exchange with lot less fee.
The main reason is that usually you have to pay a higher price for a swap as compared if you just trade in on the centralized exchange with lot less fee.
Do you count withdrawal fees in this?
I like them for their no-fuss swaps but how far does their trustworthiness go? What's highest amount have you swapped with them?
Would you agree that it's better to do several small transactions rather than one big one? Giving up bit of convenience for safety of your assets?
Let me know your opinion and personal experience, if any.
Would you agree that it's better to do several small transactions rather than one big one? Giving up bit of convenience for safety of your assets?
Let me know your opinion and personal experience, if any.
I do not use the swap service unless and until the coin which i need to swap is not available on the exchanges to trade/swap.
The main reason is that usually you have to pay a higher price for a swap as compared if you just trade in on the centralized exchange with lot less fee.
Yeah, it's a hassle to make an account on an exchange, and the KYC stuff, but we all have accounts on the exchanges so better use them to swap and then move the funds out of the exchange instantly.
What's highest amount have you swapped with them?
Around $300. I think it was on SimpleSwap, when dealing with someone's Forkcoins that I couldn't exchange anywhere else.Quote
Would you agree that it's better to do several small transactions rather than one big one?
Yes. I always do that.Quote
Giving up bit of convenience for safety of your assets?
No. But there's a balance between the risk and total fees paid: making many small transactions means you end up with less.Trust works both ways: I once had an instant exchange that sent me my money before my deposit was confirmed. That was unexpected, but made the process faster: sending many small transactions and waiting for confirmations and receiving funds in return is quite time consuming.
I have used Fixedfloat for some swaps before and usually those were around of 20$-50$ in value. I would not trust an instant exchange for more than 100$ at the time, in my opinion.
If wanted to go for more than 100$, I would open several orders.
I have been trying to find other instant exchanges of good reputation but for now I have not found any or I have not looked enough for them.
If wanted to go for more than 100$, I would open several orders.
I have been trying to find other instant exchanges of good reputation but for now I have not found any or I have not looked enough for them.
Why are you wondering to use instant exchange when the amount is big? Can't you use any dex or is the token not tradeable into the dex? If so and you want to avoid KYC then like others suggest you may proceed with Kucoin for now. But keep in mind, when you are using a centralized exchange please be ready to provide KYC. Because they have the right to their terms & condition at any time for any reason. This is about your safety before exchanging your funds.
I do not use these platforms unless I am lazy from logging in to my account on the platform, or I want to exchange using phone, and I cannot access PC and thus use these platforms from my mobile phone.
It is easy, send my cryptos to them and receives altcoins/anycoin directly to your wallet.
About trust, I do not think I will spread more than 250 dollars with them.
You can click on my signature to compare them.
It is easy, send my cryptos to them and receives altcoins/anycoin directly to your wallet.
About trust, I do not think I will spread more than 250 dollars with them.
You can click on my signature to compare them.
Depends how much money I get 'caught' with. If the amount money I have on the exchange was too high for me to take a loss, then I'd be forced to submit AML/KYC. On the other hand if I can handle the loss, then I'd definitely wouldn't submit AML/KYC.
While I do deposit -> exchange -> withdraw in the span of minutes, I can still get screwed if they suddenly asked for AML/KYC at deposit/withdrawal request.
I asked because a couple of years ago I had to make that decision, whether to go through KYC or not but circumstances were a little bit different.While I do deposit -> exchange -> withdraw in the span of minutes, I can still get screwed if they suddenly asked for AML/KYC at deposit/withdrawal request.
So, back in early 2019 I deposited stablecoin on Binance with the intention to buy bitcoin as price was close to the bottom of that cycle (iirc ~3500) and while waiting for a couple of days for the right moment to catch bitcoin as low as possible (noob move ofc), my mobile phone suddenly died and I couldn't find Google authenticator recovery code and the only way to regain access to my account was KYC. After few days of self-deliberation I eventually went through with it as amount was far from negligible and I simply couldn't pass this opportunity to buy dirt cheap btc
Lesson learned though so now on non-KYC exchanges I send only the money I am willing to lose and ofc I am extra careful with 2fa recovery codes.
all instant exchanges are use API of other platforms or they have verified accounts (a lot of non-KYC accounts) and all they do is they provide a cheaper service in return for taking a commission for them.
There is rarely a platform that is complete and has enough liquidity to cover customer requests, and therefore the amount that they can transfer is limited compared to KYC CEXs.
As for the maximum amount, if we compare the fees, you will find that using CEXs is better with the higher amount,the lower fees, and vice versa.
Also, some CEXs such as OKX have low withdrawal fees. https://withdrawalfees.com/coins/bitcoin
there is no logical reason for you to use them with amounts more than $ 500.
There is rarely a platform that is complete and has enough liquidity to cover customer requests, and therefore the amount that they can transfer is limited compared to KYC CEXs.
As for the maximum amount, if we compare the fees, you will find that using CEXs is better with the higher amount,the lower fees, and vice versa.
Also, some CEXs such as OKX have low withdrawal fees. https://withdrawalfees.com/coins/bitcoin
there is no logical reason for you to use them with amounts more than $ 500.
I was a user of Shapeshift before. That was way back when the platform was a lot simpler and straightforward. I cannot remember the maximum amount I transacted with them, but it was a few hundreds of dollars. I started using it with small amounts. Everything went smooth and quick. I eventually trusted them with relatively large amounts. Nothing untoward ever happened.
I also got significant amounts parked in centralized exchanges before. I experienced a number of incidents. As a matter of fact, I only got lucky with Cryptopia because it reopened very quickly before it went dead for good. I got my Bitcoin back. The rest of the coins sunk with the exchange.
I don't actually trust any of these platforms. Even P2P trades are not worth trusting. Escrows and other security mechanisms should be in place every time.
I prefer to have a number of small transactions rather than a single large one, and for obvious reasons.
I also got significant amounts parked in centralized exchanges before. I experienced a number of incidents. As a matter of fact, I only got lucky with Cryptopia because it reopened very quickly before it went dead for good. I got my Bitcoin back. The rest of the coins sunk with the exchange.
I don't actually trust any of these platforms. Even P2P trades are not worth trusting. Escrows and other security mechanisms should be in place every time.
I prefer to have a number of small transactions rather than a single large one, and for obvious reasons.
What's your plan in case they ask for KYC?
Depends how much money I get 'caught' with. If the amount money I have on the exchange was too high for me to take a loss, then I'd be forced to submit AML/KYC. On the other hand if I can handle the loss, then I'd definitely wouldn't submit AML/KYC.
While I do deposit -> exchange -> withdraw in the span of minutes, I can still get screwed if they suddenly asked for AML/KYC at deposit/withdrawal request.
Would you agree that it's better to do several small transactions rather than one big one?
Yes but it's only to make it less risky for you.
As you already know, most instant exchanges are centralized and can freeze your funds. The idea is that when they do, only a portion of what you're trying to swap gets locked as you did not send them all at once and did a one by one exchange. Further, there's a notion that the higher the amount, the more likely for it to move up on their radar. However, do remember these exchanges also collects user information e.g. addresses connected, IP, etc. that could identify related transactions so I'd say make it different each time.
I like them for their no-fuss swaps but how far does their trustworthiness go? What's highest amount have you swapped with them?
Would you agree that it's better to do several small transactions rather than one big one? Giving up bit of convenience for safety of your assets?
Let me know your opinion and personal experience, if any.
Well-established instant exchanges won't kill their reputation for some thousand dollars, at least I think so. Also, several small transactions in a short time-frame may look suspicious. If you don't want to submit your KYC documents in case they request them, then I suggest you to never exchange instantly more than you can afford to lose.Would you agree that it's better to do several small transactions rather than one big one? Giving up bit of convenience for safety of your assets?
Let me know your opinion and personal experience, if any.
You can find a good list of instant exchanges at Bestchange.com | They have a good list with reviews from users.
Some instant exchanges have lower limits, like the max amount to exchange instantly is 0.6312228 on FixedFloat but the max amount on EasyBit is 100.84 BTC. Definitely, no sane one would trust them with that much BTC. FixedFloat's max amount looks logical and honest for me.
I used different instant exchanges in the past but never go past $100 per transaction. Personally, I also don't trust any of them even if they claim no KYC for any trades, no auto-lock, etc. Whenever I trade using this kind of service, I always assume my money is gone if they don't send the promised coins/tokens I trade within 1 hour. You should not follow this. I think what I did was a bad practice if security and reliability are major concerns. I stop using them after most services that I use support BTC.
Would you agree that it's better to do several small transactions rather than one big one? Giving up bit of convenience for safety of your assets?
It is really hard to tell. Who knows, maybe they implement a volume policy without giving you any notice, so that if you hit that $1k mark, or whatever number that they set, you'll need to undergo KYC, or your address get flagged for malicious purposes. It means even if you only send them $10 per trading activity, you can still get flagged. I'd suggest following other methods suggested above, especially if the instant exchange service that you use is new or has a terrible track record. Personally, I just use the typical spot exchange like KuCoin as they currently don't enforce AML/KYC. Been using it for years now without submitting AML/KYC; but of course don't expect it to be like this forever.
I have also been using Kucoin for years without KYC done (very occasionally though, 3-4 times per year max) but I never sent more than a few hundreds of dollars worth of crypto there because I know that they can ask for it anytime so I basically send only the amount I am willing to lose as I have no intention to go through KYC there.What's your plan in case they ask for KYC?
I like them for their no-fuss swaps but how far does their trustworthiness go? What's highest amount have you swapped with them?
Would you agree that it's better to do several small transactions rather than one big one? Giving up bit of convenience for safety of your assets?
Let me know your opinion and personal experience, if any.
Would you agree that it's better to do several small transactions rather than one big one? Giving up bit of convenience for safety of your assets?
Let me know your opinion and personal experience, if any.
I undergo KYC on my exchange account which makes my limit a bit higher but my highest withdrawal that I made on exchange in one transaction is around 20,000$ when Bitcoin first hit that amount last bull run. Honestly, I don’t trust exchange and I’m not comfortable sending my balance in there but the lack of trusted alternative push me to do this kind of transaction.
In reality, I don’t trust exchange even a penny. In regards with the withdrawal amount. Having a bulk or multiple transaction doesn’t make sense at all as long as you didn’t reach your limit because exchange measure your total balance and not the amount you are withdrawing out.
Would you agree that it's better to do several small transactions rather than one big one? Giving up bit of convenience for safety of your assets?
I'm guessing you want to use them because you don't want to go through KYC? If so, then as mentioned above, it's probably better to go with Kucoin, or if you want higher limits, OKX.com where the KYC and withdrawal policies are more clear.
Although, there have been some new "privacy-focused" instant exchanges showing up lately: https://kycnot.me/
They probably wouldn't do the job because they're mainly focusing on a Bitcoin, monero and a few other currencies, and they probably don't have enough liquidity to handle large amounts.
What do you mean as trust? The amount of money you will want to exchange when they can request for KYC? Or the amount of money you will want to exchange when they will go away with your money or making it inconvenient for you?
No matter how low the money is, if they see your coin as a tainted coin, they will force you to provide KYC documents. But aside that, I think they are trustworthy exchange, I mean the one like ChangeNow and Changelly. But as for forcing KYC, do not trust any of them because they are centralized and they have control over your coins once you send to their address given you.
No matter how low the money is, if they see your coin as a tainted coin, they will force you to provide KYC documents. But aside that, I think they are trustworthy exchange, I mean the one like ChangeNow and Changelly. But as for forcing KYC, do not trust any of them because they are centralized and they have control over your coins once you send to their address given you.
Personally, I just use the typical spot exchange like KuCoin as they currently don't enforce AML/KYC. Been using it for years now without submitting AML/KYC; but of course don't expect it to be like this forever.
That is just it, Kucoin is a centralized exchange, they can ask for KYC documents at anytime too, but the fee is lower than on instant exchanges. Also not good to leave coins on exchanges like Kucoin if not using it to trade.
I don't think there's a single no-KYC swaps exchange that I currently trust even a bit lol. Even Changelly which was pretty reputable back then(if I remember correctly?) now forces AML/KYC.
Personally, I just use the typical spot exchange like KuCoin as they currently don't enforce AML/KYC. Been using it for years now without submitting AML/KYC; but of course don't expect it to be like this forever.
Personally, I just use the typical spot exchange like KuCoin as they currently don't enforce AML/KYC. Been using it for years now without submitting AML/KYC; but of course don't expect it to be like this forever.
I like them for their no-fuss swaps but how far does their trustworthiness go? What's highest amount have you swapped with them?
Would you agree that it's better to do several small transactions rather than one big one? Giving up bit of convenience for safety of your assets?
Let me know your opinion and personal experience, if any.
Would you agree that it's better to do several small transactions rather than one big one? Giving up bit of convenience for safety of your assets?
Let me know your opinion and personal experience, if any.
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