Bitcoin Forum

Which exchanges are the best for beginners and advanced traders . I live in US...looking for exchanges to open account with US dollars and exchange that.has many currencies to chose from not only 4 or 5 basic ones . I m waiting forever to get verified with bitstamp I.e . ...Kraken sucks....anything good out there .? Thanks

Bitstamp is the next decent exchange I know after Coinbase (lol). Try bumping out your verification in their customer support and see if it helps. You can also check Poloniex and Bittrex out if you're also looking for a decent altcoin exchange in the future. Verification on exchanges nowadays are quite tricky due to the strict KYC regulations all around the globe. Wait it out or bump it in the customer service to get an explanation.

Kraken isn't that bad really but doesn't have a huge selection or alts. Coinbase doesn't really have any alt coins other than LTC, ETH and Bitcoin cash so probably not relevant. What sort of coins are you wanting to trade? The trouble that it tends to be all the shitty exchanges that offer the most alts like yobit etc and I tend to stay away from them for numerous reasons.

Interesting question, as I also need to chose a exchange. Or probably even some exchanges as I would like to buy a few alt coins. And I didn't see an exchange yet with 50+ alt coins. Or did I just miss it?

Does it matter if someone from the US picks a EU exchange (Bitstamp)?
And are there any exchanges where you can deposit with your creditcard and directly have the funds available?

New as well.  Thanks for the insight

I would recommend Binance, it is very friendly for newcomers to the world of cryptocurrencies!

I started with the Coinbase, but they only have 4 biggest currencies. I've transferred all of my coins from Coinbase to HitBTC (https://hitbtc.com/ (https://hitbtc.com/)), because I like their interface and they have a lot of coins. Also, as I remember the verification process was not that hard.

Check the "Exchanges" sub-forum for discussion of different exchanges. You'll find lots of feedback (including complaints) there: https://bitcointalk.org/index.php?board=223.0

With the likelihood of new regulations and stiffer enforcement of AML/KYC laws, I would stick to a licensed exchange for trading BTCUSD. For US traders, I'd recommend GDAX, Gemini or Bitflyer. I would stay away from Kraken and Bitfinex. Both of them (especially Bitfinex) have a regulatory black cloud over them.

I use Binance for altcoin trading. It's the only altcoin exchange I'm comfortable recommending right now.


You should consider keeping only a portion of your coins on exchanges. It's very risky to keep all of your coins online, and even riskier to keep them all on a single exchange. What if that exchange gets hacked? You'll lose everything.

Of course, I know that. Currently, I am just playing around with a small amount of money, but when I decide to invest more I will start using the wallet. Thank you for the advice  :)

I also registered at HitBTC. I'm not sure if you had the same verification process as I had to fulfill? I had to send some information about myself and also documents to prove my address and bank account. And of course I had to download an app for the 2FA.
I have 2 questions about HitBTC:
1. Can I only start depositing (Fiat money) after my account has been verified? Cause it looks like I can't do anything right now.
2. And once I can deposit, can I then put money on my HitBTC account? Or do I directly need to buy some Crypto coin?

Try binance，it is safe and has great UI

Iam new to exchanges. I want to know how to exchange BTC for XRP

I'm new too. Useful information here. Thanks.

Finally got verified on Bitstamp, had to wait 3 weeks.

By far the easiest verification was on Bittrex.

when i first got a bitcoin. i search for different exchanges and i finally see coinexchange.io. this exchanging site is so easy to use even if you are a beginner.

A lot of people suggest to use binance. Can I use fiat money on binance? Based on coinmarketcap.com it looks like I can not use fiat money...?

Great post although Bittrex have halted new user registrations for the time being they've been over loaded from what i hear.

No fiat, it's cryptocurrency only

If you're from the USA, definitely Bittrex, easy to use and many crypto available.

First you choose a coin then you choose an exchange .
But if I had to pick some ,they would be :
-Bittrex has lots of coins but has customer service issues (well, most exchanges do) .
-Binance supports most forks ,sometimes gives free coins and has low fees .
-Kucoin : lots of promising coins.

Okay. First I have to register to both exchanges. That probably takes some time due to the account verification process. Once I've finished I might contact you (thanks!).
Meanwhile I have one question. Is it much cheaper to trade at binance? Or do they have many more altcoins? Or is there a different reason why I won't stick to trading at coinbase?

Bitstamp is a very good exchange and I can recommend it to you. You will not be bad if you are their clients.

$10 sign up fee sounds nice. However it also directly triggers a new set of questions 😁
Does the person that already has an account also get an incentive for bringing in a new client?
And are there any conditions to receive the sign up fee? I mean if I only buy crypto for $50, this amount of sign up fee will cost the exchange quite some money 😬

Other than Gemini, Coinbase, and Localbitcoins, what other exchanges can be used to move fiat to BTC in NY?

Changelly.com

I think no fiat but you could use tether/usdt.  I haven't used it yet but maybe it's better than coinbase to binance?  Lmk if you try...

I only use binance and poloniex for trading alts, I recommend it to you too.

First you need a exchange with USD you have to make account Bitstamp, Cex, Coinbase or Bitifinex. I would recommend exchanges for beginners Bittrex, Poloniex and Binance are very well. They are works with Bitcoin and Ethereum.

I am using bittrex...its good

https://bitcointalk.org/index.php?topic=2667100.msg27203578#msg27203578

This exchange is KING in terms of everything; platform, fees, promo's, reputation, etc.

I'm trying kraken now, but my first impression is to run away.
The website is very slowly. And for about 25% of the pages I get a 520 error/host error. Anyone else suffering these same problems?

I purchase some coins through bittrex and i notice these addresses from different coins there, if i made mistake transferring a coin to a different coin address will my coins be lost? if so is there any way i could retrieve it? like contacting bittrex
i just started trading btw thought by my friend but he is quite busy these days so it seems its hard to ask him anyway  ;D thanks someone for answering :)

Coinbase, bittrex, binance and crypropia are enough for you i think.

I personally use Paxful because they're the fastest, user-friendly site that has a nice customer service!

Make sure to investigate the fees! I've just started using Kucoin and am working to understand buy/sell walls, but it's definitely cool to see those charts.

One useful tip I received as a beginner is that you should move fiat to Coinbase, transfer that to GDAX, and then purchase there. I believe this minimizes/eliminates as many fees as possible. If I have this wrong, someone please correct me so I can save more money.  8)

I like binance exchange. This is a good exchange

i personally use bittrex, although their usd market isnt that big. but it is easy to use

Binance, Kraken, Poloniex, and trying Bit-Z and Kucoin.  Some of the others have long verification waits or shut down newbies.

If you live in the US, I think you should go with the US exchanges like Poloniex, Coinbase, and Gemini. Maybe, there are a few others but these are the biggest and most reliable ones.