Bitcoin Forum

In recent years, I have often seen people being scammed by mistakenly choosing fake platforms when investing in cryptocurrencies. Therefore, I have compiled some reliable cryptocurrency exchanges , hoping that similar things will not happen again.

1.Huobi 

It was originally the most popular cryptocurrency exchange in China, but as the China government tightened restrictions on cryptocurrencies, it shifted its main business scope overseas. 

Huobi provides nearly 400 cryptocurrencies for investment, with an average daily trading volume of up to $5.1 billion. It has its own cryptocurrency: Huobi (HT). 

There is a risk fund inside. If the platform is compromised by hackers and the customer suffers losses, the fund will be used to compensate the customer.

Huobi's official website: https://www.huobi.com/en-us/
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2. Binance 

As the cryptocurrency exchange with the largest trading volume on the market today, the average daily trading volume can reach 5.4 billion US dollars. 

Binance provides nearly 400 cryptocurrencies for investment, with the leverage up to 125 times, but please use it carefully according to your personal situation! 

It has been attacked by hackers before(no customers were victimized at the time), so now its users have related insurance and can be compensated when their rights are damaged due to the invasion.

Binance's official website: https://www.binance.com/en

Remarks: 7/14 is the third anniversary of Binance, and there will be a promotional event of 20% lifetime fee reduction. Anyone interested can visit this website：https://medium.com/@ryan19850322/d79830abe039
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3. OKEx 

OKEx is one of the world's largest cryptocurrency exchanges, it's average daily trading volume could reach 1.78 billion US dollars. 

There are 385 cryptocurrencies available for investment on the platform, and up to 100 times leverage can be used, but please use leverage carefully according to your personal circumstances. 

There is a page on its official website that teachs some knowledge about cryptocurrencies. 

OKEx's official website: https://www.okex.com/
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4. Coinbase 

Coinbase is the first pioneer to provide cryptocurrency trading services, it's main business direction is to comply with local regulatory regulations. 

By that means, Coinbase successfully gain the European, American, and Asian markets, even Japan,well known for it's strict regulations on cryptocurrencies, allows Coinbase to enter its market. 

Coinbase supports less cryptocurrencies than other exchanges, there are only about 60 options available for investment, and the average daily trading volume can reach 300 million US dollars. 

Coinbase also have cooperated with Visa to launch Coinbase Card, which can be added to Goole Pay, can use cryptocurrency to purchase daily necessities in 14 European countries, including the United Kingdom,which also shows that its security has been recognized by Google.

At the same time, Coinbase also has a remarkable performance in the blockchain. In February this year, it was selected as the Fortune 50 blockchain. Others included in the list include Microsoft, Apple, Amazon, IBM, Microsoft, etc.

Forbes' list of top 50 blockchains: https://www.forbes.com/sites/michaeldelcastillo/2020/02/19/blockchain-50/?fbclid=IwAR1_YM8HiG6iVUwr8rstgcOpc2m5ZTtACaefV7iDLrqLxNhlRCrLlV54M44#14e656817553

Coinbase's official website: https://www.coinbase.com/
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5.BitMEX 

Unlike other exchanges, BitMEX provides bitcoin "futures" trading, with an average daily trading volume of up to 3 billion US dollars, far exceeding the Chicago Currency Exchange's cryptocurrency futures trading volume. 

There is a 0.025% feedback on the pending order itself. When you place an order (an order that cannot be transacted immediately), you will get 0.025% of the rebate.If you buy immediately, you will need to pay a handling fee of 0.075%.
 
It should be noted that the platform's own withdrawals, deposits and contract settlement only support Bitcoin. 

BitMEX's official website: https://www.bitmex.com/

Only Binance and Houbi is the one where I most often used, then the rest are not.
Because, I remembered last year if I am not mistaken Bitmex became useful for the scammers
to scam people using telegram, and I witnessed them many times and now I can't see them using
it anymore,.

I could still remember too, though the most useful cryptocurrency exchange on the list provided by op is Binance exchange. Have tried series of cryptocurrency exchange but discovered that the best that provide security and liquidity if I may say is Binance, although, I occasionally used some others but with little funds or.coins for trade compare to Binance exchange.

There are many types of exchanges on the market and there are many reliable exchanges for buying and selling but the most reliable exchange for me is Binance. This is very trustworthy site and i have a lot of fun working on it. There  is no change of Scam on this side.

I try many exchange but i put much money in catex because i love to earn passive income on their staking which is good enough income for the month even i do not do actual buy and sell of crypto.

Those years were already on the long run of success. Meanwhile, there would really be people whom could be scammed because they were fooled by other platform's offers which are often too good to be true. Nowadays, there were projects more specifically trading platforms that were just starting and trying to build an audience. Yes, your list is the far most reliable, yet there were also upcoming exchanges that were faster and better than those on the list but was just taking their first steps.

Also, there are features in some low-key trading platforms that wasn't on the list, while some platforms are better because they accept ICOs as soon as they registered. A inventor of a coin doesn't always afford such registration on famous exchanges.

No wonder why Huobi keeps soaring as China turning back to crypto and the rest exchanges but that was terrible that Okex is on your top 5 list quite different from what the CoinMarketcap https://coinmarketcap.com/rankings/exchanges/.
But anyway, they are all been good and performing excellently. Considering the fact that these exchanges have a huge market volume, people won't let them get ignored but they choose them for trading. Popularity means a lot in crypto and traders/investors will choose those exchanges that good give their expectations and as well as giving them the assurance that their money are secured.

I'm only using Binance now, but before I'd been into many exchanges which also includes Bittrex and Kucoin, but now since I don't do trade often now and in my local country there is an exchange for top coins like ETH, BTC, XRP and few more I prefer to trade there so it can easily transfer some of my money from bank and with government permit. I'm not sure if there are countries who also have alike but we need to be assure in what exchange we will be use especially it came from our hard earned money.

I am sure Binance will serve you with a good chance to make a profit from many coins. Besides that, you don't have to verify your account if you don't want, and binance will not hold your funds when you withdraw. That will help you keep your identity, but you should be satisfied with a limited amount of bitcoin that you can withdraw. You can choose many coins to trade, and if you can analyze better, you will get the right coin.

These sites are much safer to exchange in the market. However, I have used the coin base and Binance these sites are much more reliable. The more coinbase i use the more it applies to use everywhere if you use the confirmation code to use the coinbase account then no hacker can access your CoinBase wallet it's much more secure and hackers can't steal.

You have made a good list of good exchange platforms. But i wouldn't class coinbase alongside binance or okex, it limits the trade pairs you can have and cannot boast of the huge volumes on binance or okex. One word i would say is that no matter how reliable a platform appears to be, you cannot keep your funds there save up to an offline cold storage

I've used both Binance, Okex and Coinbase and I can say that all three are top tier exchanges. Coinbase primarily serves retail and institutional investors. Binance offers the best trading experience  and it has tons of useful features like the OCO feature they released earlier this year. For okex, I haven't used it much but for the times I've used it, I've not gotten any issues using their platform. As far Houbi and Bitmex, I haven't gotten a reason to use them.

There are many exchanges that is great to use to trade cryptocurrencies, it will just vary on whom you use first or where you familiarize first, some are using old exchanges since they already proved their existence, some are using new to try brand new promotions. It really depends on how you see each exchanges. I use Binance more often than Bitmex since I do futures trading with 125x leverage, don't get me wrong bitmex has a high liquidity also but so binance does plus with 125x so I can really maximize my low capital turning into high gains. Ohh and yes, there is no safe exchange, still  ;)

I'm not sure I would call Coinbase a "reliable" exchange per say.  Coinbase ran basically without customer support for years when they got started.  The still to this day, despite having proper funding and having made countless profits, have a freezing exchange ( meaning the exchange often freezes when trying to use it during times of high volatility).  I have had plenty of buddies accounts being closed for no reason at all.  I've also had friends lose their funds to Coinbase.  They locked them up and refused to return them ( this was more so when they had no oversight at all).

I also think those exchanges hold more reliable project/coins than others, they research the projects, advice them and give regulations for successful delivery, if the project fails to attract good volume of trade they delist. The high volume trade of most coins on the exchange encourage new traders and bag holder to trade on them. Some have history of hack and no exchange is out-rightly safe from hack so coin traded should be properly managed.

No wonder that the Binance exchange platform will always on the list of all reliable exchanges.

If I'm going to choose an exchange, I prefer to use this feature. Large volume, high on liquidity, more pair coins to choose and good PR in all crypto community. The compilation list of OP is good but OP should consider the comparison between those sites.

One thing just I want to remind traders, don't store your fund on the exchange, once you did not own your private key it means the fund you have stored has not belonged to you.

I could honestly say that I have used all of them at one point or another add in kucoin and that would be my top 6 exchange list at all times, kucoin wasn't bad neither. Coinbase was something I used to pay some American companies, never used it for myself but there was moments when they wanted to get paid with coinbase app and I agreed and it was smooth and quick and easy so I assume other stuff of coinbase must be fine.

I used huobi and okex and binance for my trading in general and I loved them all, they were great with obviously binance being a bit ahead of everyone else. I would suggest all of these websites to people who would like to use them, they are quite great and they are definitely places that people wouldn't really have trouble with at all.

Coinbase is one of those trusted exchange that most of the people are using including me. I used Coinbase for 2 years and it really suits my type as I prefer its features than other exchanges. Due to its reputation and service to its customers, I try to tell it to my friends and they also use this platform to buy and sell bitcoin.

It is user-friendly and efficient to use that's why its customers or those people who are accessing this exchange is increasing.

But there's no such thing as a perfect and ideal exchange that has no flaws or issues.

According to other people, there's a time where Coinbase is very slow in fixing their issues in their platforms and it takes a lot of time for them to troubleshoot their errors. But most of the exchanges have their own issues and that's normal for a certain platform to have that.

They get scammed by fake exchanges, but it's also their own fault tbh. A lot of exchanges known to be quite reputable have already been in the market for so long. Sure, if it was year one or year two of Crypto, being scammed could be excused, year 3? Could also be. But after that? It's only up to them being ignorant or them being greedy for benefits. Identifying scams are pretty easy tbh, the simplest would be if it's too good to be true, it's most likely a scam.

I've used both Binance and Coinbase, but I stopped using Coinbase after some time and just switched to Binance completely. Mostly because of how big Binance has become with their trading volumes being sky-high. Plus, I experienced Coinbase having these irritating issues with regards to their platform. Having the issue of everything freezing up is a pain, especially if it crops up every now and then. 

Binance gets the vote for me, CZ is really doing a good job making this the best platform for crypto users. Of course, someone will argue that this is debatable, but personal experience tells me that they are just above the rest of the exchanges today.

Those next in the list will do a lot of effort to even get even with Binance as far as activity and platform evolution. Binance is all over the Asian market and their next target will be Africa, one of the biggest if not the biggest market. So Just imagine if they can get a piece of that huge pie, another billion profits for CZ.

There are a lot of reliable and trusted exchanges out there so it is really depends on what kind of trader are you where what you really after and what are you seeking. Binance is really a good exchange and I also managing portfolio there. Their CEO is doing a great job and many traders are using that platform because of its high market capitalization and also because of its good liquidity. I also using OKEX but my fund there is only small and I only using it in swing setups in trading.

There are still medium exchanges that you can use but after you finished your trading, you should pull out your funds and transfer to your own wallet. Because sometimes not all coins are being traded in Binance, some you can find in small exchanges. And if you have that coin, you need to use those small exchanges. But you need to do a bit of research before sending all your coins, particularly if they have existing allegations that are not yet resolved.

My friend told me that you can trade in Binance and make transactions without even accessing its verification, which is I tried.

But verification is one of the most important things in a certain exchange as it promotes that stability and legitimacy of a certain platform.

In this platform, I tried to do future trading and as I make transactions, I'm comfortable with its features and interface. But you should be careful of high fluctuations that can make you lose your assets and money. You should be mindful of the date in the calendar and the prices of your assets so that you are aware of those expiration dates. Overall, Binance is a good but not the best for me as an exchange.

You can't find a certain exchange that works perfectly, not even Binance nor the others. We all had never forgotten the hacking scenario but they rebuild their reputation proving that they are worth our trust. All reputable exchanges are working hard to make it acceptable to the traders and users but we have our own choice and of course, it depends on our experience

I used Binance apps on my phone and it works great, nothing I got trouble and even compromise. I was comfortable using this that is why I'll keep using this. It doesn't matter what exchanger is the number one but the one that matters most is how we are comfortable in using it.

Binance is on the top when we talk about exchange, no question bout that.


Not sure with that, even they  provided information doesn't mean it won't scam.

I have seen a lot of articles that have addressed this kind of awareness, I still wake up to news of people being scammed by exchanges. Some people never learn until they get to a level where they experience such things, that’s when they will learn.

Sometimes I see newbies that will be talking about exchanges that I have never heard of since I have been here. I don’t know why people will leave exchanges that are well known to be using exchanges that are not known by anyone. When I started cryptocurrency I did my research on exchanges to know which ones are reliable and I read a lot of reviews. It’s very important especially for newbies so that you don’t make a mistake.

It is very important to choose reliable exchanges for trading, if we choose the wrong exchange, we can become a victim of scams and we can lose
assets that we have in these exchanges. And of the five exchanges mentioned in the opening post, only Bitmex is not reliable exchanges in my opinion.
Because based on the analysis that I have done, Bitmex trading volumes are fake. So avoid using Bitmex, right now I am trading at Binance. And quite
satisfied with the services and features.

In a start my trading days,i have faced a lot of scammed exchang.And I lost a good amount of money.If anyone wanna trade at first they have to choose proper exchange.There are many real and good exchange but the only 2 exchange that I like most and I believe this exchange blindly.

Binace is the best and trustworthy exchange for me.Normally I do all the trading in the binnace.They have huge volume and trading fee is not much.

Another exchange I use if that coin is not available in Binance then it is huobi exchange.

I agree that out of the exchange platforms mentioned in this post Binance is among the top most popular ones, and even coinbase is rated pretty good. I personally, have used both and for large withdrawals I prefer to use Binance whereas for coins and token interchanges I found bestchange to be quite decent.

Obviously, which exchange platform you use depends on your work so best to look into these properly before committing to them.

The exchanges you talk about are all reputable exchanges in this market, but I prefer to use Binance because this exchange has followed me over the past three years. In addition, I can liquidate at any time if I feel like and switch to fiat easily without any obstacles.

For me, Binance is the only exchange that makes me feel most secure, and this exchange will change every day to match the current investment trends.

People are being scammed because they are careless and gullible. To these people, it is not just a matter of which exchange is better or more secure. That is obvious which ones are more reliable. The names like Binance, Okex, etc are already popular among crypto fans. It is more of a matter of doing careful research and proper discretion. Even in a trusted exchange, people could still fall for useless shitcoins.

These exchanges are worthy of our trust, no wonder they keep as the top listed because it as proven already and people brought them on the top for the reason that they get satisfied with their services. Hacking events never have to expect with but they all have no excuses that we put the blame because of their lapses.

I use Binance for quite a long time and never have a problem with that is why I'd never had to look for another coz I already satisfied and that is very important. But of course, we all have different preferences, may it work good for me but could also be not appreciated by others or having a problem.

Even if it is a reliable exchange, it doesn't mean that it doesn't have any shitcoin listed on that exchange. Even in Binance and Huobi have shitcoins listed in their exchange. Many traders do not know how we can say that it is a shitcoin or not. Basically in order for us to know if it is a shitcoin or not, is by looking its market capitalization, on its daily volume and also its liquidity. I agree to you that many people fall from it so even if we use trusted exchange, we should still pick reliable altcoins.

Yeah even the ones that we trust so much could be hacked, that is the trouble with trusting the exchanges, you are not just trusting them to be a good place, you are trusting them to continue being a good exchange without getting hacked as well. You know what people thought about old exchanges that got closed? They thought they were legit too, and until the moment they started to scam people, they were actually looking pretty legit as well.

Binance could be an exchange that everyone loves for example, but that doesn't mean some guy would come in and steal all the money from binance and make them lose it all. Or that doesn't mean something could happen that would destroy the cold storage, it is a technology after all and it is not impossible. That is why be careful even with the most liked ones.

I dont understand why things change some fast in the mind of every crypto enthusiasts and traders cause every exchange site no matter how reliable it was are not to be trust with huge funds and people are to only save the amount they can afford to loose on exchange site but all this seems not to matter to most crypto investors.

There are still old exchange existing exchange site that start up good and later scam people. An example Yobit.

Definitely nothing is permanently secure.

And why most traders preferred for these names? Because they know they can't be disappointed and they rely upon their trust with. The trust issue is very important in trading and that supposed trading sites would have to resist and find a better solution away from hacking. What did Huobi and Binance, and the rest of OP's list are actually performing an excellent job thus giving them a way to get noticed and being recognized by traders and investors.

But above all, we should also have the concern of our own trades, exchanges isn't giving us everything and that security assurance will also rely on us and what we do during trading.

Shitcoins are there in every exchange. Are you sure of what you are typing in your posts? ::)

They do biased research in order to promote the site. People need to understand that exchange earn from the project owners who token they are listing. They are paid to list the token and paid to promote them. If you need technical research you should do it yourself or hire someone to do it and not listen to spun up articles from exchanges.

This I agree. It is important as well.

Coin traded has nothing to do with hacking events. History of hack usually has led to the demise of that exchange. None of them have survived a hack and come back with the same brand name. So its better not worth discussing about hacks but only that exchanges need to prevent them.

These exchanges are well trusted by traders because of their popularity and reputation. As a trader its important to choose the exchange where you will entrust your coins especially that hacking is common nowadays. Binance is one of the top exchange available on the market, if your coins are listed there expect a good volume and its unlikely to turn shitcoins though of course its not 100% guaranteed because it depends on the progress and dev of the project.

So if you're newbies looking for an exchanges, go for an exchange that most traders trust and use.

Binance has always attracted all investors in this market and of course this is the best liquidity exchange and a lot of potential projects listed here. For me, Binance is more than enough because this exchange has a good reputation and has never stolen investors' money so there hasn't been any FUD for the past 3 years. However, in the past this exchange has been hacked and this is an issue that Binance needs to improve more in the future.

Agree that mistakes in choosing exchanges can result in investment in bad projects and also fall victim to scams. Exchanges platforms
are one of the most important keys to success in the trading world. Of all the reliable exchanges mentioned in the opening post, only
Binance exchange is always my choice of trading. Besides having low fees, Binance also has a complete trading feature. So with the
advantages of the Binance, I am more comfortable when trading on Binance exchanges.

There is much reliable exchange in the market that We can able to use in dude, Now CMC is one of the good reference tools to find a good platform. Moreover, as I searched or checked the exchange you mentioned at the above cat.ex has a good volume in the market.
And you were also right about the staking program they have in there, perhaps I will try also to be part of their staking programs as well, thanks for sharing, God bless.

Binance is a very good user support exchange and I do not have any major issues when trading here. Also, this exchange is considered to be the safest for everyone because I haven't had any withdrawal issues during the last 3 years.

However, this exchange has been hacked and investors should also be careful when sending all assets to Binance because there will always be risks.

Out of five exchanges mentioned by OP, I have been familiar with only binance and coinbase.

I have used coinbase as a wallet services and never had any exchange there. I hold active account with binance as I do see lots of my preferred altcoins are being traded there with high liquidation.

Huobi, OKEx are some known exchanges but they are not providing me any reasons to check with them. (I am having the habit of opening account with an exchange when a trading pair, I am looking to trade is available there with decent volume).

BitMEX is the derivative exchange. Once I planned to start futures trading with at least 10x leverage then as per this community opinion, I have dropped that idea. Still, I am gathering information and strategies to sustain in futures trading, if I find anything support me to be profitable in futures trading, then I will go for bitmex to trade with.

There are other reliable exchanges too. I've been using liquid.com so far and I've been enjoying trading with the exchanges. They give updates about maintenance on time. They have several currency to trade with. There is balance portfolio and their margin trading is quite easy to use and understand. Also some others good exchanges are out there like this.

It seems you are focusing on only high liquidation or high end exchanges alone because I am not seeing the exchanges where I do frequent. Stex and mercatox are my favorite exchanges as I am find few pairs which are not available even with highly established exchanges for some reasons. When you stick within certain coins and tokens for your trading purposes then I guess just one or two exchanges will be more than enough.

I am holding accounts at least in ten exchanges still I never try few of highly reputed exchanges like binance and huobi.

The purpose of this discussion seems reasonable but we cannot foresee what is going to happen because mtgox and cryptsy were once highly established and known exchange for this community but later they were gone for some reasons. So, not relying on your exchanges for big amount of money will help you.

Those are really reliable exchange for trade. I am surprised that OP didn't talk about kucoin though. I did lot of trade from last past 3 years in those exchanges and my little experience said you can trade those exchanges without any worries. Binance is already most popular exchange at this moment for new/old altcoin trade. I choose Huobi and Coinbase mainly for btc trade. Kraken, Bittrex, BitForex are also good quality exchange to me.

It is not really that easy to reach those levels, I mean we are talking about billion dollar market that has companies buying other websites for 400 million dollars, think of how much wealth there is to be made in this business which is why I think it is quite important to know how nearly impossible to be there and there are thousands of exchanges without proper volume, most of them either claim they were hacked and steal your money, or they just bankrupt basically. That is why I think these reliable exchanges are definitely important in our crypto world, it is not easy to get something like that and we can't have too much of them, it would be very very difficult to get more of them so we have to take really good care of the ones we have and make sure we do not force them out of business.

Most of the exchanges you list are ones that have a good reputation and certainly when you deposit here you can feel more comfortable to use. Personally, I just prefer to use Huobi because this exchange has been with me for a long time and can switch to Fiat easily and until now there haven't been any issues that have occurred to me. I also use Binance like everyone else but since this exchange was hacked, I have stopped using it because there is a risk here.

I am more interested in Coinbase because this exchange has become so familiar to investors and this exchange only lists large coins so if you want to liquidate with a large amount of money, this is a good choice for you. However, the transaction fee here is very high so this is the reason why investors tend to switch to cheap exchanges like Binance or Kucoin. In addition, some exchanges such as Bitmax, Okex, Gate are also very interesting options for everyone.

I think those exchanges deserved to be recognized for their performance in crypto world but we expect that they will deliver more improvements. Binance, Coinbase and BitMex are crypto exchange site that I’m using right now. I have no problem with them in fact these three should be the target when listing in crypto exchange.

These days knowing the names of popular exchanges is not enough to make you safe, if your are not very cautious, you will be a victim of phishing or whatsoever scammers do to imitate a well-known platform just to scam people. But of course, knowing these exchanges are better than nothing to minimized the risk, what I am trying to say is we need to be careful everytime. These exchanges are good and I would recommend to use it too.

I prefer OKEx, they have never been hacked so I can safely keep my money here. In addition, they have a Saving product that lets you save with bank interest on their platform easily. Moreover their derivative trading volume is currently at the top as well as no flash pump dump, so I choose for futures trading.

There is not a single exchange on the planet that is perfectly safe or where the users haven’t faced some kind of issue be it the deposits, withdrawals or normal trades. The only crypto exchanges I trust at the moment are:
Binance
Huobi
WazirX (Indian exchange merged with Binance)

I only keep the coins that I want to trade in exchanges, the rest of the coins that I wish to hold for long term are safely kept in external wallets and paper wallets. Also, I would recommend diversifying the portfolio in multiple exchanges so as to secure the capital to some extent. If one exchange shuts down, you don’t lose your entire portfolio as the rest stays in another exchange.

When it comes on choosing exchange then its no brainer that you would really need to select on which one is the best and popular but there are really people who do lost up their path
on where they do end up on using unknown exchange.

Possible reasons?
-Theres no coins that they can trade up or able to sell into their shitcoin rather than into those unknown exchange.
-They do just directly click when they do make up some google search.

We have to be extra careful when it comes to picking a quality platform to deal with Crypto. And I very much try that only. It’s quiet simple through ChangeNow, one of the best platforms to buy/exchange Cryptocurrencies. The talking point is having over 170 options to choose from including BSV Coin (https://changenow.io/currencies/bitcoin-sv), which I did not found in so many platforms. While the speed, simplicity and support, it’s just too good and something I truly enjoy getting.

These are no doubt good exchanges in crypto, but for me, I don't need a lot of exchange as I am already satisfied in using one exchange.
Currently, I am trading at Binance and I have the same satisfaction that I have before, and mind you, I also invested on them through their BNB coin.

I think Binance is more than enough for investors and if you have decided to trade here, you will feel different from other exchanges. I was trading here when this exchange was just established and of course I also made a lot of great profits. The coin that I feel best to hold is BNB because holding this coin helps me to reduce transaction fees or can use BNB to participate in some big IEO projects.

Binance has demonstared trust over time even when they were hacked. Bittrex also seem decent and I am on a look for BitMax, they are currently doing well beyond my imagination.

I have no doubt using Binance. But Bittrex is now requiring KYC, so not using that exchange anymore. I used to trade some alts before in Bittrex. Other exchanges mentioned by the OP are popular ones. But even though they are known to the community, it is always better to safeguard your coins. So as much as possible, secure your coins in your own wallets.

maybe thats the reason why bittrex is not popular as before  . never tried coinbase exchange but i have this feeling that they have the same standards on what they have on thier wallet version .

the rest 3 are popular and ive heard of them . the list on the first page is not in correct order ? because i feel that binance should be on first . binance has been hacked but this does not tear down the support of the traders towards them .

What token anyway do you choose for staking to cat.ex dude? Because, as far as I know when I checked this cate.ex you are
referring at most of the token for me don't have enough demand, and the period of time was too long also, even there is 7 days or 1 month
I don't know if I am right with my thought about this one.

Don't forget that exchange can also delist a coins in their exchange  so its not really safe buying any Altcoins and it can be a shit coins in the future, so no one knows even if its listed in popular exchange such as binance they can also be delisted if that currency doesn't have anymore demand and volume same with other exchange.

For choosing an exchange you can try those exchange that use by many people, but like other said don't  just stored it an exchange and use only exchange when you plan to convert your coins to other currency  and its is much more secured if you stored it in your own wallet.

Binance, & Coinbase I think are the best suitable exchange not only for begineers but also the best for the experts. Many exchange sites are been shut down due to small amount of traders due to their failed systems and too much problems. Binance deserves to be the top exchange site right now. They seem that they will offer more improvement in their platform. Trades with discounts are a huge help for those small traders.

Honestly I do not use bittrex anymore because the GUI is not as good as binance, but I do trust them, the KYC thing is never a problem for me because I did give my KYC to binance as well, they have all my information and my picture and everything, I do not mind it. I know who I am and I know who they will share, if anyone wants my information from them I would be fine with them sharing it, I don't care.

So, it is not KYC reasons why I quite bittrex, I did moved to binance long before bittrex started to ask for KYC, binance also doesn't ask it if you are under certain level and I am under that certain level so I didn't had to do KYC and yet I still did. Long story short, KYC is not only reason why people move to other places, there are other reasons why they could move as well.

binance and Okex are the two best exchanges mentioned. although sometimes I also like huobi, however, for now, I prefer to use one of the two exchanges that I mentioned. moreover, binance, I quite like the events that they sometimes create.

In Binance, delisting is now usual especially because of the shitcoins out there that doesn't have enough 24hr volume. Binance is one of my top choices in terms of exchange even though it has a past hacking issues before,  their CEO make sure that the funds of the investors will never get stolen. In terms of KYC in Binance,  I do not have any issues with it and also in the withdrawals. They also have the best support in exchanges and it is the reason why a lot of traders are using it as exchange.

Binance is no doubt much better than Bittrex at the moment. Before I like Bittrex but until one day they disabled my account all of a sudden,
due to that, I need to submit KYC then my assets were there I submitted or comply the KYC for the sake of my token that was stored on Bittrex
then after I verified my KYC I withdraw all the assets I have in there. One more thing Bibox, Lbank, Houbi, and Okex was also a good exchange too.

Binance will be enough to be used for trading, even for new people who don't have much knowledge about trading, but they must learn more if they want to profit from trading. Binance still the big exchanges among the other exchanges, and if you use binance, you don't need to fill KYC if you don't need it. That will be your benefits because you don't have to send your documents to the exchanges. Binance itself has many good IEO, which you can use as the investment.

We always choose bigger exchange and forget many small exchange but could make some coin suddenly up more than 100% like IDEX and hotbit, I get many coin could pump above 200% in IDEX or Hotbit and never get news with bigger exchange to make some coin pump on higher price until now.

Honestly when they hack you for 7000 bitcoins and you continue like nothing happened and never show that issue to customers themselves, you get A+ in my book without a doubt. These guys got hacked like crazy, it wasn't a small amount neither, 7k bitcoin worths 81 million dollars right now, 81 million dollars is bigger amount than 90% of peoples incomes yearly, probably more as well, so they have lost so much money that they could have just said "we are sorry, we can't handle this loss, we are closing" and just exit scam.

Not only they didn't do that, they didn't charged the customers one cent from that, they just paid it from their own pockets from the money they made on the trading fee's and they continued their business like nothing happened at all. How could you not trust that.

I feel very safe sending KYC at Binance exchange, and my information is very safe since using this exchange. If you don't like it then you can skip the KYC part because this exchange doesn't require users to do this. However, if you want to participate in Binance programs or participate in IEO projects, KYC is a must for all customers. In addition to Binance, other exchanges such as Okex, Huobi, Gate, Kucoin also secure customer information very well.

Most of the time traders are only focusing with big exchange especially those who are doing leverage or those who are into day trades as they are more

interested with the real action than those pumped and dumped manipulations, traders who are dealing with this business are making good profits even it's not that kind of huge increase.

Managing your funds and focusing with your day trade opportunities than trying to get instant profits but the kind of risk are very high.

Pump and dump actions  which possibly you'll be trapped along the way, also, bot there are many action from  small exchange that being catered you really have to consider everything to lessen your chance losing your investment.

"We estimated 504 cryptocurrency exchanges as of to date, but this can change at any moment. 259 of these exchanges are tracked on CoinMarketCap, while others are still in their start-up period. According to CMC, we have 18,998 markets in which we can trade crypto."

Source of quote: https://www.cryptimi.com/guides/how-many-cryptocurrency-exchanges-are-there#:~:text=We%20estimated%20504%20cryptocurrency%20exchanges,which%20we%20can%20trade%20crypto. (https://www.cryptimi.com/guides/how-many-cryptocurrency-exchanges-are-there#:~:text=We%20estimated%20504%20cryptocurrency%20exchanges,which%20we%20can%20trade%20crypto.)

So from all these exchanges you really think just 5 are reliable? Who think this is true is wrong, there're many reliable exchanges. The ones in the op list are just the biggest ones, and most popular, but don't underestimate smaller ones, they can be same as good as the big ones. Exchange where I spent most of the time is Kucoin, and I have other 4-5 exchanges where I am active once or twice per week.

All Binance services are very secure, so there will be no problems when you KYC here. I submitted all my documents and ID last year and have never felt worried about security because I trust this exchange. Binance is considered the largest exchange in the crypto market and is involved in many new areas so you can be assured of using the service here.

I would suggest that you familiarize yourself with decentralized exchanges that do not require KYC and registrations.

Uniswap
https://app.uniswap.org/#/swap

Kyberswap
https://kyberswap.com/swap

While you will see a few downsides in the form of large commissions and slow trades, but you retain complete control over your funds and other parties cannot influence your trades.

I like that there are many Fiat pairs on this exchange, including the national currency of my country. This is very convenient and allows you to easily withdraw your money to your credit card with a small commission of 1%. I also added funds to my account on the exchange using a credit card in just 5 minutes.

I don't like decentralized exchanges because these exchanges often do not have good liquidity, so there will certainly be very few people choose to trade here.

In my opinion, the centralized exchange attracts more customers because it has a nice interface and has a strategy to attract many new investors. I have tried trading a lot of decentralized exchanges but after a month of use I have returned to popular exchanges like Binance, Kucoin or Okex because it is so much better.

Was it worth verifying an account on Binance? Do you really make 2 BTC daily trades? If not, than what was the reason to pass KYC?
Verified account is not as saved as not verified. All the security measures are up to you. If you search on the forum, you might find topics that users with verified account still got banned or their account got frozen.

Binance is too secure during this time but in the past customer information was stolen and that's every single thing that made me feel very worried. Now that news has been forgotten and probably not many people know at this forum so there is still a risk when you KYC.

I have sent KYC in the past but with what is happening now, I also feel that Binance's service is very good and hope they will better protect customer information.

I agree that traders want real volume, they want real liquidity, that way they could actually make huge trades without ruining the whole exchange, a place where there is only a few million volume on bitcoin/usdt will mean that if bunch of real traders come together they could play with it like crazy but they could also get hurt, but look at binance, they have a giant volume and we all know it is real because we have seen people dump a ton of money in there without moving it too much hence that means the buyers were real unless binance was so adamant about looking real that they took it all but I doubt that is profitable for them.

So, in the end I would say that people pick better exchanges not because of any other reason than liquidity since all they care about is their trading being uninterrupted.

The 2 BTC limit cap on unverified accounts only takes effect during withdrawals, So you can trade more than 2 BTC volume daily. And yes, Aside from the increased limit, Everything else is still the same (service offering, Support, etc). Where it gets interesting is to get either a VIP 1 or greater tier account to enjoy better maker / taker fees. So ideally, KYC should be done by people who want to enjoy more than 2 BTC daily withdrawals.

Great topic, None of these exchanges are bulletproof. Make sure the exchange or platform is regulated in a top legal jurisdiction and are using a reputable custodian, (We use Fireblocks) with Institutional level safety features such a segregated accounts MPC key technology and that they have full insurance if they do suffer a security breach. For example with us clients funds are insured up to $150,000,000.00 USD

I think you are using advantage from this thread to go public on your outfit but why don't you open a separate thread for yourself so that users will also investigate you to know how legit it is.

This is really an amazing thread, i make use of only binance presently because it seems to be the best in the whole of crypto space currently. They have lots of features that seems not to be present in other exchange and the fact that they support the largest FIAT pairs just makes the exchange a top users choice

@Finxflo(FXF)

For some people (like your friend) that that is very good and some want to only use exchanges with less kyc.  Sometimes kyc gets stolen and that can hurt people.

Can anyone detail current withdrawal policies @ exchanges on OP List?  Maybe useful comparison.

It is a great selection that you have made, within which, Binance has presented for me an Exchange that has given me a lot of confidence, especially when launching a new cryptocurrency, with Airdrop it is immediately and not like another Exchange that is dedicated to making pyramid systems and cheating people. Don't forget Bitfinex either, right now there is a lot of interest for sale for USDT.

Binance will upgrade their services for their members because they don't want to have the same mistake in the future, and they will always update the security and check for the bugs/hole. If binance doesn't do anything after that news, people deserve to worry, and they will not use binance for trading, even they will withdraw all of their money from binance. But we can see that binance change to better from time to time.

Binance is the exchange that I use most often now because it's amazing, but maybe there are some who don't like it. So I can exchange Kucoin and Upbit as options because both exchanges are also good

There are many exchanges on the market, and finding the right, reliable one might be hard at first for beginners; but let me tell you what I think worked best in order to save your time and effort. I find ProBit Exchange to be very reliable as it is very safe to use and secure. This exchange is very professional. It has a wide range of coins and trading pairs. Not only that, they have also great projects, competitions, and services that you can profit from. and what is really interesting is that the trading fee can be as low as 0.03%, and you can pay the fee using their token PROB.

Lol do you know the funniest thing about this? They won’t stop falling for the scam exchanges.
It’s mostly noobs that are making that kind of mistake and the reason is because they don’t research to know the cryptocurrency exchanges that are the best and legit.

They just search for exchanges and whatever comes up, they just jump on it and start putting money into it, and some of them will see random exchanges mentioned on social media by scammers and they will be clicking on links that they know nothing about. I guess people on this crypto space must be needing two level of awareness to stay protected against scammers which are probably basic protection for Internet activities and basic precautionary measurements for crypto space.

From the list you have here, I only make use of two and that’s Coinbase and Binance. I have not tried the other exchanges that are on this list, though I have been here for long. Binance and Coinbase has been working for me the way I want, and I don’t see the need to switch to another exchange since these two are working for me. Some people complain that Coinbase has high fees, but that’s the one I use frequently.

What I like most about it is that they have a good interface, and that was what got me to start making use of it, and it was easy to understand and make use of. I have been using Coinbase for long before I discovered Binance, and I think that’s around 2017 that I started using Binance and that’s people a lot of people talking about it.

I made a deposit of 2.68 eth from bitstamp to bithumb global yesterday. It was successful and bithumb sent me an noticication that my deposit was a success. However my eth balance still shows 0. The strange thing is that on my bithumb acc I can see the succesful transaction in history tab of assets. Anybody has any idea what is up?

I see your what you mean mate, I really do not see the point to do kyc when you don't even trade up to 1 btc, only do kyc when your capital is above the limit of withdrawal and you are sure of it, this is one of the reason I prefer binance to most other exchange because they allow such flexibility even if you are not a kyc verified account, but if a user feel at ease doing kyc I don't think there is a problem too.

Binance has a ton of special features that could appeal to a lot of investors and I think this exchange will definitely continue to lead this market. In fact, any of the coins listed here are good ones and greatly reduce your risk if you intend to invest. I feel that Binance is a lot better than Coinbase because this exchange has fiat support for my country and has very cheap transaction fees.

At first I was a victim of a lot of scams in trading but later chose binance. Binance is a very good and reliable place to trade and there is no fear of being scammed. Binance is the most reliable exchange site in the crypto market. The transaction fee is much lower here binance and coinbase secure exchange sites. There is no reason to lose balance much ahead in the case of small funds.

This is a great compilation which is useful for traders especially new traders. I'm personally grateful for this.
I've been using binance for a while and I can say it's a great exchange. I'm glad you listed it as one of the best exchanges.
I however think you could make the list more detailed as to their characteristics, advantages and disadvantages.

I agree with you. Binance is my main exchange where I trade most of my coins. There are also many features that binance offer to trader and investor. We can marginalized, spot and futures. But I only use spot to lessen my stress and trade according to my plan.

A lot of exchanges have been existed for the past few years, but only top exchanges dominate the market. When you trade in top exchange, your confident with your assets not to fall down easily. But as a cryptocurrency expert said, we should not leave our coins in exchange specially if there is a problem regarding with their security.

A completely standard set of exchanges more detailed information about which can be found on the forum for a long time.
Your whole analysis was to talk about the number of currency pairs, the rating of the exchange and the fact that you can read something there.

In fact, no useful information.
Nothing was said about the difference between the functional, the possibility of margin trading, the ability to trade futures, whether KYC is necessary and what are the limits for withdrawal.
Nothing useful.

Its indeed a summation on just telling on how many coins that they do had and youre right that theres nothing important into this kind of post but actually there are indeed threads that do give out
comparison on what you had mentioned between their differences from fees to margin trade/leverages etc.I cant find it though when i do tend to search up but for sure they do exist.
This post is just an another summation of trading pairs and volume and a little bit mix of information about hacking incident which isnt really that enough when someone is trying out
to differentiate these known exchanges.

Well, almost all top exchange in the market of cryptocurrency required KYC except for Binance through this platform is one of the top exchange
and build a huge community in this business industry as well. But on my own experienced aside from Binance, I so far used Bibox, Kucoin, Bittrex, Houbi and Okex.

Binance is good exchange for trading but the way price manipulation is going on this market which totally bad for all crypto market. Binance pramote leverage trading over 125x. Do you think if you took 125 x you never win. You always loose with 125 x but still its pramoted by binance. These exchanges only think about their profit not about traders and investors. So this is really bad for crypto.

https://www.binance.com/en are great, I use them for more than 2 years now and didn’t had any issues. I also use https://www.kraken.com/ and https://www.coinbase.com/, and they are pretty good also. On all exchanges you need to read a lot about their fees before depositing, trading, withdrawing, etc. because they have different fees for the different services. I also use another tool called https://www.cryptoview.com/ to track all my portfolios on those exchanges, it’s very handy. 

To determine the best cryptocurrency exchange, I use this comparison tool (https://cryptogeek.info/en/compare) in order to clearly see the pros and cons of a particular exchange. By the way, exchange Changelly pro interested me very much.

As estated on the first page, and thanks for the helpful informatin on all above estated reliable exchanges i always used houbi and binance. Based on my experienced i could give both a good feedback. And i loved and have fun working on it. Well its up to you what exchange would you prefer to use. As estated above it is already it already gives a full discription of the reliable exchanges that you will need to know.

I'm using the binance for a long time and this doesn't give me any trouble which is a good thing also they have a different good features and some announcements on my email but sometimes it's looks like a spam.

Also whenever I want to buy a bitcoin any where I just use their application and this is not a big problem because it's more convenient to me to use this. Also for sure many members will recommended this kind of coin because it's more reputable unlike the other exchange.

Also if someone suggest you with the use of yobit right now I'm saying don't use that exchange.

But sometimes, you can't avoid using exchanges like for example yobit, because there are coins or tokens that are being traded on that exchange, where you can't find in binance. So you have no choice but to use them. So once you finished trading, withdraw your money as fast as you can and just go back to your trusted exchange. But don't store your funds even to reputable exchanges. Better store it in your own wallet.

You mentioned binance in your top list. Their is no doubt its good exchange because lot of people using it. But their are are also many problems. In current situations I did not find any good exchange who working for mass adoption in crypto. Only few members are taking profit from these kind of exchange. They list lot of coin day by day without proper invitations and their customer got stucked. Exchange should taking care of their customers not only be greedy.

Exchange sites usually depend on their reliability and how secure they are in currency transactions. Most of the traders choose the exchange site even after checking the eligibility on the fee. However binance is much safer in all respects Crypto market has increased the number of scams so many good sites to keep your currency safe. It is easy to collect good information by investing in sites and taking care of them.

yep agree, just read they launched 0% fee Visa card deposits for its users https://bitcoinist.com/cex-io-to-provide-one-click-defi-access-lists-new-tokens/

About Yobit, any token which is only listed in Yobit would be a shitcoin and users should avoid trading it at first place. Yobit is not to be trusted at all costs, and you can't expect what issues you may face when using it. Recently, i reported how Yobit uses bots to create fake orders just to convaince users to register and deposit money to buy a fake token which you will not be able to sell after.

Quite a good list, thanks for topic. İn my opinion, exchanges should think not only about their profit but also about traders and investors. Tried all of them, but now exchange Swapspace.co (http://Swapspace.co) interested me very much :)

one and only Binance ,and i also prefer wallets like Blockchain

OP shud have mentioned about the case of 17% clawback on Okex since he has mentioned the hacks on Binance and such.
https://www.coindesk.com/okex-confirms-9m-clawback-after-enormous-bitcoin-futures-position-fails

Anyone who wants to trade on Futures should look at the history of Binance too and be wary as to how they settle the contracts.