Bitcoin Forum

I intend to cash out some bitcoin (not an immodest sum) within the next 10 days.  I'm struggling to find an exchange that is actually functional anymore! Even the ones i'm with are not answering when I try to change the address on my account (which i need to do before I cash out any coin ..for tax purposes).


What are the most competitive exchanges which are largely functional right now in terms of registering with them and getting verified with them?  Do they also have functional and timely support?

They are functional but a lot of them are backlogged and due to this need time to figure out all the withdrawals and support tickets. You will have to get verified anywhere basically the only exchanges I know of that don't require verification are the smaller ones. Ie like Mercatox, Bitgrail, Etherdelta etc.

Some have simply cancelled all new registrations until further notice.  Others simply don't respond to queries (waiting over 10 days).

I understand that there is clearly a backlog but I have business to do.....


I'll have a look at the smaller ones you mentioned.  Have you experience of any of them?  What are their rates like?  Would you be uneasy in transacting a large amount through them?

And this happens everytime their is a high percentage on the increase of bitcoin. Many people would withdraw their profit during that increase. But for me, i sacrifice some transaction fee for my transaction to be prioritized to at least 2 hours and waiting on bittrex.com . Normally the clog would at least diminished as the price becomes stable. So try at least waiting longer to withdraw.

Which exchange do you use? I assume you live in the US, right? as you have to pay taxes for withdrawal cash out of the exchange.
are you referring to coinbase or gdax? have you ever tried Kraken?
Do you mind if I ask where do you live? which city? as maybe you can visit an exchange office to do over the counter transaction to withdraw fiat currency.
Or else, you can try to check the localbitcoins website or offer personal trade to someone in this forum who lives in the same city as you, but be careful to do this, make sure to use escrow or meet in person.

I'm in Europe - but by next weekend, I will have taken up residency in Panama.  Once I have established residency there, I want to either change address associated with my existing exchange account or open up a new one.

When i tried recently, I couldn't seem to be able to open up a GDAX account.  i am currently a Kraken account holder.  However, they have simply ignored the query I sent them ref. change of address the best part of 2 weeks ago.


There's not much choice in Panama for locally based exchanges.  I did find one but for a number of reasons, it's not really practical for my usage.

I want to use a reliable exchange that offers decent prices for selling btc.....one that I can get an account opened with and verified reasonably trouble-free- and that has some semblance of a functional support team.

Cryptopia doesn't fail and will never fail. It is always functional.

Thanks for that - checking them out now.  How do I pull up their current rate of BTC against the USD? Struggling with pulling this info up with a lot of exchanges as the default interface seems to show rates of exchange with other crypto's.

Do you find them competitive on rates?

I don't know if you are updated on the recent happenings on cryptopia. Have you seen the issues? for you to say that cryptopia isn't prone on such problems? They aren't and just like other users of such exchange I did experience some delays too which isn't really surprising. Each exchanges are now facing off delays that's why for op seeking out exchangers would be a tough job testing out each one of them but rest assured delays would be surely experience along the way.

I take your point that it's a difficulty across the board given the current interest levels in crypto.  That said, I still have to get an account opened with whatever's closest right now to a functional exchange that will offer a competitive rate (as I intend to take 'some' profit from my current holding).


Whilst all exchanges are under pressure, I would imagine some are performing better than others.  If I take the Kraken example, if they can't even answer my query ref. address change, I simply cant use the account ( i cant cash out until change of address has been effected - for tax and other reasons).

I can put up with delays (if i have to) - but beyond that - I still need a functional exchange to cash out some of my btc holding to FIAT competitively.

Totally agree with this. I dont know where did that information coming from that cryptopia "doesnt fail and will never fail". Seriously, that guy needs to have an update  before saying anything else that might put the OP into a worst scenario. Mainly, cryptopia is facing a ton of deposit  issues right now. Delay and no showing up of balances in the wallet, and whats next? And Im not saying that Crytopia isnt a good option.

Bitrex, etherdelta and binance are now widely used for trading purposes. I see in this list also bitrex most choosy trading site among the forum member. I like polenix site but recently we find many complaints about the polenix scams now.
Whatever the exchange is not matter to get the profit in the trading, you have to choose the best coin on daily basis to invest that is enough

It's not perfect. It was just offline while it change its firewalls around to try to cope with all the new customers. It's not going to be close to perfect until its finished upgrading the site to handle the masses of new people accessing it.


https://twitter.com/Cryptopia_NZ/status/953478524307890176

I prefer you to use binance exchange, it’s the newest cryptocurrency exchanges on the market, this community focused in exchange and has a high trade volume which recently surpassed $1 billion a day. I think this exchange site is one of the most reliable exchange that you may use for exchanging your bitcoin to fiat.

Reliability of an exchange is something that can be talked about when it has been running for quite some years. This new kid on the block is definitely growing nicely, and pushes through very high volumes, but that's just a short term performance. I want to see how they deal with everything once they managed to settle well in this market, and whether or not they go through difficult times later on. There are plenty of new exchanges popping up, and they all seem to be attracting the more noobish audience that doesn't seem to care about the real underlying capabilities and potential dangers of these newer exchanges. Every exchange will face difficult times, and their way of handling everything will be something to very carefully look at. It can make or break an exchange.

BitPanda is a fast exchanger and it has different leves of ID verification, that also are proceeded fast. But it is a european exchanger.
The payments are also fast. Depending on your amount, you want to cash out, it is possible, that you needn't verify.
Here are the conditions:
https://www.bitpanda.com/limits

For now mostly hitbtc , bittrex and binance seems working perfectly right now , binance is surely the biggest one among all these and hitbtc is the least one.
If you want to trade with small and big coins use hitbtc they might turn into yobit in the coming future as they list any coin on their exchange.
Bittrex and binance have particular standards so most likely the coins which actually seem to have a future are listed on these.

Else if you don't wanna any of this fuss simply use shapeshift or changelly they are a good choice of coin , they allow to exchange during high demand and you are in control of your coins.

If you are a Kraken account holder, I recommend you do a SEPA withdrawal to your European bank account and then use your bank to transfer funds to your new account in Panama.

Yeah thats what Im talking about, sometimes there will be an unexpected issues that will come no matter how good the service is. Thanks for the information anyway. Good to hear that they have an immidiate response and solution to the recent issues.

For me, i would choose between cryptopia, binance and freewallet, they are pretty good.And i do enjoy trading on the binance client.

If you are just trying to cash out a small sum of bitcoins with convenience and peace of mind as your utmost priority, then i would invite you to look into localbitcoins as a potential suitor. They are not really an exchange but rather an trading/advertising platform, but they can be used and considered as an exchange as well.

I have never had any problems with transacting on localbitcoins. Even if you get scammed you can recover your funds using their escrow system.

Obviously if you're cashing out a big amount, you're not going to use localbitcoins as your first choice because of the high spreads. But if your amounts are under 1 BTC then there is no problems at all. You'll get close to the amount you'll get on big exchanges like bitstamp.

I'm backing your Localbitcoins here too. If all you need to do is regularly cash out Bitcoin, then you don't want to do business with centralised exchanges (the ones you're looking at). As you can already see, they are all notoriously slow with Customer Support. If you have to use them, make sure all your accounts are fully verified (not just basic). It won't protect you from them locking your account when they feel like it, but they tend to be "nicer" to fully verified customers as I can see from my personal experience.

LBC is a p2p marketplace - so any reputable p2p would be perfect for you. You're selling to other people/traders like yourself, and as I've found trading only with reputable traders, transfers for selling my Bitcoin happen very quickly (Depending on the payment option or location). In at least two countries, I can sell and close the trade in 5 minutes, with instant online bank transfers. Plus I love the escrow.

You mentioned not an immodest sum, not to worry. The volume of Buy Orders on LBC is very good. If you don't like the spreads, set up your own Buy Order at around 1% better than market. You'll sell Bitcoins much slower that way, but if you're not in a rush, overall you get better rates than anywhere else.

Also, try Bisq. Similar p2p platform but with its own app and multisig escrow.

Poloniex is the largest most amazing option. Also some of the best bitcoin exchange sites also do altcoins. Yobit, Bittrex, Cryptopia and Changelly, are great options worth checking out. 

It's not the largest, and also not the 'most amazing' option. Poloniex was like that for a good while, but they messed things up big time, which resulted in an outflow of users jumping right into Bittrex, to yet again face the same issues they left Poloniex for. Bitfinex has started with slowly accepting new users again, but people first have to check certain boxes that they agree with everything before they can proceed with registering. I actually preferred them to remain closed for new registrants since I don't think anyone should sign up at that exchange after everything that happened. It's the largest USD exchange based on volume, but they don't even allow anyone from the USA to use their platform. ;D