Bitcoin Forum

I have been using bittrex for normal trading for a while now,but now I noticed that my withdrawal limit reduced from 3 BTC to 0.4BTC. This is really bad. So I some what did a research on a few exchanges and help me out here. Note that I hadn't verified my account.

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EXCHANGE

INFORMATION

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Bittrex	Too many issues regarding withdrawal and one of the worst support team but an amazing exchange for trading.
Poloniex	Daily withdrawal amount is less,requires verification to start trading,and terrible support too,never used it for trading though.
GDAX	Requires ID? And less number of listed altcoins.
HitBTC	I am using it but its not as good as bittrex.
Changelly	Never heard of it.
KuCOIN	Korean exchange,scared of getting hacked but again,any exchange can get hacked.
Binance	A lot of users recommending it,is it really that good?Any issues with it so far?
Bitfinex	User's money(33% of their holdings) was taken by bitfinex without any prior notice? Got hacked.
Shapeshift	Haven't used it yet.

cryptopia

Haven't used it yet.

cex.io

Haven't used it yet.

yobit

Haven't used it yet.

etherdelta

Everyone knows its an terrible exchange.

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I know I missed quite a lot of exchanges but can some one please suggest me an exchange which doesn't block anyone's funds and one which has a lot,a lot of coins listed in it.
P.S ,sorry for creating yet another thread for asking which is the best exchange but there needs a good exchange for crypto currency trading otherwise we'll be doomed.

EDIT 1:- Added Bitfinex too.

BUMP!!!!!

Most people I see recommending Binance are only doing that because of their referral system (50% of your friend's commission).

But I honestly believe that they are the best exchange right now. No downtimes, ok support (AFAIK), wide variety of coins (every coin I trade is available there)

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Yobit is one of the shittiest exchanges I've ever had the displeasure to use.
Shapeshift is ok if you want to trade between two assets without having to do too much work.

I have used Binance and never got issues, the UI/UX may not be the best but definitely usable. I'd recommend it over Bittrex at anytime as they don't request personal info. Changelly and ShapeShift are very similar with the same concept of being able to trade without owning an account etc. (Coinomi, Exodus, Mycelium etc. are examples of wallets that have these two exchange built inside them). Cryptopia and Yobit are with no doubt the worst, the main reason why people use them is because they sometimes list coins other exchanges didn't add yet. Overall, I suggest HitBtc and Binance, I have zero complains about them.

Finally,some one to my aid.
Thank you for helping me out here,will check binance out. Will try shapeshift out too.

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HitBtc is not bad,but half the time it doesn't have the altcoins I want ,listed. It has the worst shit coins sometimes. I'll give binance a try then.
So does this mean that shapeshift and changelly are exchanges built under the wallet of coinomi,exodus,mycelium. And mycelium is an android wallet for which the user has access to his private keys,but exchanges do not provide the private keys to the users,I'm confused here.
Any how,I created an account in changelly and they only have like 10-15 altcoins to trade with. So its big no for me. Shapeshift I have to check out then.

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Thank you both of you for helping me overcome this short nightmare,at least for now.

I use after enhance verification best exch even with slow internet,cryptopia working fine,spectrocoin exchange to fiat 5 star service

Binance tragedy look his twitter what a hype,i have 5k$ cant withdrawn cause 2fa doesnt work
Withdrawn often not work ppl waiting days for his coin thay staying on exchane,orders you frozens cant cancel support i wait 10days for answer

And thay allow Chinise to trade,
Yobit stay away
You can check kucoin i dont trade there buy In S.Korea is best scrutinity.His Yunbi exch hacked twice by N.Korea is on the way to refund money
All together paranoia,best enhance you Bittrex just dont mismatch you name

of all the exchanges listed, binance is performing the best given its increasing traffic and volume. like you, i am weary of these exchanges and prefer not to verify identity, so poloniex and bittrex aren't ideal for me.

i like shapeshift but you can't do huge volume there and there's only so many coins. changelly is slightly better with coin listings but they are a less reliable service (stuck transactions/refunds required).

cryptopia is a necessity for low cap shitcoins not listed anywhere else. same with yobit, which is an even dodgier exchange--don't risk much BTC there. stay away from cex.io. personally, etherdelta is another necessity for early opportunities on ERC20 tokens. but you should always use metamask, and don't connect your main wallet. you should have a separate trading wallet with lower exposure.

This is what I keep advising others here to do. It is absolutely unsafe to store your entire coins on an exchange wallet which gives no access to that wallet's private keys. And even if they did, any kind of arrangement where you share access to your keys is a disaster and tragedy in the making. The safest way is for you and you alone to own, know and keep the private keys. Shared access is not compatible with sole and safe ownership.

Consider an analogy: joint bank accounts or supplementary credit cards. If the joint account holder or supplementary card holder spends the entire contents of that account or card, the main account or card holder absorbs the damage. Applying this to the exchange scenario, if they use your coins and refuse to reimburse you, there is almost nothing you can do, unless they operate in your country in which case there is a slim chance you might find recourse through the civil (and maybe even criminal) courts.

Trading can be nice and profitable, yes, but think and decide carefully when it comes to where to safely store those profits.

I suggest Binance, Daily Withdrawal Limit: 2 BTC Basic Account

I've mostly been sticking to CFDs and futures contracts with no-KYC brokers. I trade futures on BitMEX. They offer markets for BTC, BCH, DASH, XMR, LTC, ETH, ETC and some others. Mostly big cap altcoins.

I don't like giving up my documents, so I've been shifting away from centralized exchanges in general. Decentralized exchanges like BarterDEX (Komodo) and Crypto-Bridge (Bridgecoin) interest me a lot.

1Fox (launched by the guys behind 1Broker, which is an awesome service) is supposed to launch anytime now. ETA was December 24th. I guess there are some last minute hiccups. Fingers crossed that they'll be offering altcoin markets. On 1Broker, they only offered a BTCUSD market, but their Twitter describes 1Fox as a "leveraged cryptocurrency trading" platform.

Just don't use bittrex, there are so many problems on bittrex. They locked so many accounts and my funds also stuck on my account, they reduced the minimum withdrawal for basic account into 0 btc. I already send my information for verification but they don't even reply to my tickets, it's been 2 weeks!

They are actually normal exchanges with an API that allow wallet providers such as Mycelium to integrate them easily and you're always in control of your private keys in Mycelium as the they will simply ask you to send the funds to an address.

Yeah,even I don't feel safe putting my money in an Korean exchange,as it is,I despise korean people because of few reasons. Thank you for your advice.

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I agree with you,binance is one of the better options. Bittrex and poloniex,ruined their fame into dust. Hope for betterment is wasted here. Cryptopia,I don't use because its only useful for people who invest in ICOs ,shitcoins and ponzi shit. Same goes for cex.io and etherdelta. I prefer to use MEW to metamask and I don't even know how Metamisk works. But,anyhow,thank you for helping me out. :)  

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Thank you for your honest advice. I agree that you should have total access to your private keys,but trading is only possible on exchanges. And I do not wish to link my bank account to exchanges,I do not trade fiat,I only trade fiat,and I only use localbitcoins for trading fiat. And one more thing is that there is no local exchange in the country I live in,at least till there's no exchange. So no use of me filing any law suits.

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I did create a binance account,but to be honest, I didn't find a few of my alt coins listed on binance which is listed on bittrex :'(. But as for now, I have to adjust,binance is the best option for now.
Thanks for your advice.

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The thing is,not all my trades include big cap altcoins,there are medium and small cap coins too. And I don't think I am going to trade futures.One question,do any of these decentralized exchanges by any chance support a ton of altcoins? And is it any better for trading?
Thanks for helping out.

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I'll check out 1Fox once it comes out,if ever I get some free time to do so. Thanks for reaching out. :)
You advertising for your signature or something?

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Oh boy,that's very very bad. I can only wish your funds to come back to your wallet. Thanks for reaching out and warning out more and more users. Even I am worried to keep my funds there,as I had more than 10,000$ there.

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Oh this is how it works? Ah ,never mind,thought it was some messed up stuff,I understood what you said,thank you mate. Have a doubt,can I use Binance API in mycellium?

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Thanks to everyone who reached out to help me here,I sincerely do. :D

Sooner or later all exchanges have to comply with local rules and regulation, every government now tightening rule against crypto and its trading, they want to monitor market, they are asking details of every traders that's why almost all exchanges are not tightening their KYC policy and decreasing withdrawal limit for unverified members.

Bittrex - Can banned you overnight without notice
Polo - Still working find with delay in support ticket
hitbtc- can withdraw/deposit without any limits if you are only withdrawing cryptos
yobit - can go offline overnight, not registered anywhere
Etherdelta - can't handle huge volume and can get hacked like recently their DNS server got hacked.

Binance is a very good option and also https://gate.io for altcoins.

Binance is the one of the best exchanges in the market but still there are many altcoins exchanges such as bitrex, polenix and etherdelta. I have tried my own in the livecoin.net only most of the time and they are good and faster to open the trade and sell it when the value increased and decreased as your wish.
They usually blocks the fund for the traders due to avoid the scammers. That is the reason we are finding very less number of scams in the trading sites.

I think we all have to comply with that.

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I did create an account with binance,so let's see what its worth. I still do not want to give up on bittrex. :'( :'(

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Sorry,I am not in favour of the exchanges that block user's accounts without prior notice. A lot of people rely on their damn fucking money as their income.

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Lads,how bout kraken? I heard they do not require any ID and you can trade fiat too. But can kraken be used in all countries or specific?

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Does cryptopia have any legit issue in terms of withdrawal or anything?

I'm using cex.io but withdrawing money is not as easy as I wish it was

Then why the fuck are you using it?

BUMP!!!

I'm waiting for my 2 withdrawals (cex.io)
2017-12-09 10:14:21   2017-12-12 16:38:42   5159882425   Withdrawal   USD   -29095.46 USD   Bank transfer   Sent   Your withdrawal has been sent.
Please allow some time for funds to arrive at your bank account.
2017-12-08 09:35:51   2017-12-12 16:27:54   5151658759   Withdrawal   USD   -15016.26 USD   Bank transfer   Sent   Your withdrawal has been sent.
Please allow some time for funds to arrive at your bank account.

CEX did not send money but told "your money has been sent"? What the f*ck is this? up107139385

I use Hitbtc, Cryptopia, Livecoin, Etherdelta, Yobit, Coinexchange, Liqui, Polo and Mercatox and they all work fine (except for Etherdelta where my funds were almost gone due to the hack but got them back later) and among these exchanges, I've had issues with their withdrawals. Hitbtc currently adds too less fee to their transactions and due to network congestion, my transactions are pending for hours. Liqui once sent my payment after 2 days while Polo delays it for hours but adds a good fee for confirmation. Yobit and Coinexchange are infact the only exchanges where withdrawals are sent instantly and get confirmed soon.

Well etherdelta is borderline a scam. https://www.reddit.com/r/EtherDelta/

Their reddit is now full of people complaining that they lost their ETH, granted some of them did fuck up but still. They basically have no support team.

Cex.io is also just slow as fuck right now, 30 days and still no verification and their website is so fucking slow sometimes, I don't know if it's just me.

Bittrex is also again just borderline scam, I got verified after insisting for a month and still thousands and thousands of disabled accounts, I personally wouldn't trust them ever.

Binance is good, although sometimes my withdrawals do take quite some time to process.

Poloniex also worked flawlessly for me.

But yeah, it seems that the influx of new users is affecting all exchanges, which shows their lack of preparation for what they are doing.