Bitcoin Forum

Exchange or exchanger? Why?

What you talking about?
I know these two are synonymous but if it's not please enlighten us. Better to edit the OP so you can get the answer you needed.

I prefer the exchangers because in most cases they do not require registration and I do not need to keep my funds in my account. This is very convenient when you need to quickly get a coin by swapping it for another. However, if we consider Binance, then I think this is the best exchange, but among the exchangers I prefer Changenow. But I think that there will be those, it has its own preferences.

I guess exchanger means a person that you will direct use to exchange your funds.
I.e
Bitcoin to USD / vice versa.
I prefer to use both, why? if I'm satisfied with the service of the exchange that I use, why I should look for another exchange or any exchanger? But there are instances that I have to use an exchanger(person) when someone asks to deal me with or if he has a better current rate.

Exchangers - exchange services, f.e. changenow was mentioned earlier. Exchange - binance, bittrex, etc.

good point of view

Would you mind to give your own point of view about the choices?
Frankly, I don't think that there's too much difference between them but it's just about on how you are very satisfied with any of them.

I think OP is just doing random posts here since he didn't mention anything related to what he had asked.

But exchanges are not really best for security but for converting huge amounts trading with personnel may not work so they have their own pros and cons.

from what i understand exchanger refer to people that exchanging his coins from an exchange  .  exchange on the other hand means  , trading platform where you use to exchange/trade your crypto's  .


changenow is now already a scam  . beware !

I also thought of it but I'm still waiting for his reply on what's his point of view regarding this matter. If it is about the security of the exchanges, it is the choice you've wanted to use when you're going to convert using P2P or an exchange.
You can be contented with any of them or probably both as I mentioned earlier, using both is my preference.

Currently, I'm rarely using a cryptocurrency exchange service since usually I just use the trading exchange to converting some of my assets. But honestly those services posses a great threat in the future if decentralized exchange are rising, and atomic swaps are perfectly working. We don't need anymore trust entities and rely on the trustless nature of cryptocurrencies.

What the hell are you talking about? As far as I know, those two are the same. Or do you mean exchanger like Shapeshift or Changelly? and then exchanges like Binance or Huobi or OKex? Of course both has pros/cons specially if you're paranoid about the whole KYC process.

While looking to exchange for fiat cash. I use to go with both exchanger directly and site too. But the truth, i came to know the direct traders from the exchanges like localbitcoins and etc. It is giving some power to your control and you no need to release the fund unless the bank transaction reflected to your account. Kindly make sure you are choosing right traders by checking their trust rating you can find it on the exchange sites.

If you mean something like Changenow or Changelly, then, of course, I would prefer the exchanger, since they do not hold my funds (I do not create an account.) On the other hand, if you mean KYC, as it is on Binance or Bittrex, I would prefer Changenow, since their rules provide for KYC for exchanges over 11 BTC. However, all services must be approached with caution, only this way you will be able to save your funds.

I'm using it. Why do you think so?

My point of view is that exchangers are better, maybe not so safe, but better. I'm not to hodling my funds on exchange's wallet and not completely understand people who hodl it there, it's really not safe.

I personally think exchanges is safer even though you might have to provide your KYC.  Somehow I dont trust exchangers much and the price difference isnt too massive for me to actually use one. I'll stick to exchange or P2P transactions.

Why do you think that it's safer? They can block your account, f.e.

We are not a blind so we must participate in trusted exchanges only at the same time trust exchangers also available in the market. Who satisfy our need is the only option so we can analyse both the profit level then choose one desire option. Most of the peoples are recommend to exchanges so you can choose your own decision.

If they block you for no reason then you can ruin their reputation and can turn their million dollar business into nothing so if you are choosing a best exchange with much trading volume then you are not going to get blocked.

I don't think that one person can ruin their reputation

Do you know how many negative reviews about Bittrex? They block accounts without giving reasons, but many still use them and consider them an excellent exchange. In most cases, the problem of one person simply dissolves, so he can not cause great damage to reputation.

I prefer exchange services like simpleswap and changenow. They are fast enough. It's convenient that I needn't register an account there and verify it.