Bitcoin Forum

Hey, everyone   :)
I have recently started to be interested in the issue of cryptocurrency, please, tell me which exchanges are considered the safest and most convenient?

You can see from Coinmarketcap the top exchange list (https://coinmarketcap.com/rankings/exchanges/) means it shows the best exchange at the moment but I never advise you to keep assets there because the risk is quite big look at the news lately SEC always the government attacks the top exchanges Binance and Coinbase, but if you to to start trading while then the exchange is still feasible.

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This thread should be in trading discussions, you can move it there.

Which coin? Bitcoin? or something like a centralized shitcoins e.g. ETH, BNB, XRP.

If you interested in Bitcoin, the most safest exchange is Bisq, but it's not really convenient. I'd say Agoradesk is more convenient to use, avoid to use centralized exchanges e.g. Binance, Coinbase etc.

If you interested in shitcoins, unfortunately there's no safe exchange, but you can trade on swap platforms where you don't need to submit KYC and the process is instant.

This is not a out trading, it should be in exchanges board.

Coinmarketcap is owned by Binance, it would be good if you use Coingecko instead.

https://www.coingecko.com/en/exchanges

The ones that I have used before that I like:

• Binance
• Bybit
• Huobi Global
• OKX
• Kucoin

For a decentralized exchange: Bisq.

No cryptocurrency exchange is safe (for holding purpose), while talking about the convenience it depends on the coin you're going to trade so you need to look at the volume, trading fees and withdrawal fees.

For now Binance is the best choice for trading purpose cause its better in all the aspects which I mentioned above but recently Binance has been sued by SEC so it can turn out to be another FTX.

Well great question I always like it when newbies has the thoughtfulness to actually ask questions like this.
Firstly I would like you to know that there are dangers in almost every exchange I would say every exchange is not exempted from being attacked.

With that you should also know that their are two types of exchange decentralized exchange that actually doesn't demand your personal details and gives you freedom, and centralized exchange which do requires mild to strong Private details this exchange is actually my personal red flag exchanges. You can find out more about decentralized exchange and centralized exchange from the link below.

https://bitcointalk.org/index.php?topic=2906237.msg29885570#msg29885570

It's important for you to be aware that you need to be very security conscious in all things crypto-currency. One of the popular way is never leave your Cryptos in any exchange.

Decentralized exchanges, they are safe and secured, try all means to avoid centralized exchanges, then try to check if the decentralized exchange you're about to use only supports bitcoin alome or along with other cryptocurrencies being compatible for use, i also have some few links whereby you can learn more about the decentralized exchanges and their examples which you could use from below:

decentralized exchange
https://bisq.network/
https://localcryptos.com/
https://hodlhodl.com/

Ratimov huge list cex, dex, atm, no kyc
https://bitcointalk.org/index.php?topic=5270416.0

No safe exchange exist all of them are prone to anything danger you can imagine. Its just there are other who stay long in the business due to some good performance they provide. Much better not to trust them 100% or you might go home emptied pocket if there's issue happens. Just trade what you can afford to lose because for so many times even reputable exchange turn scam so be careful always dealing with any exchange.

Top exchanges can die like FTX exchange.

It's good to start your filter with rankings on trusted sites like Coinmarketcap and Coingecko but their rankings can be biased. Like Coinmarketcap belongs to Binance so that site will always give a highest ranking for Binance exchange.

https://www.coingecko.com/en/exchanges

My 7 years of experience with CEXs (4 years on Bitcointalk) (https://bitcointalk.org/index.php?topic=5456199.msg62398807#msg62398807). It's a good sharing from Ratimov.
Reminder: do not keep your money in online accounts (https://bitcointalk.org/index.php?topic=5421039.0). Because of risk, you should not store all your capital, coins in exchange account.

Op I will not advise you to keep funds in exchange but you can use it to buy and sell off at once. And the easiest one for that purpose is Binance exchange platform. Binance is much easier for me to use. Though I have not tried other ones because when I was trying to use them, I can't found sell but was only seeing buy so I move on with Binance because it is simple for me to use. But you can select anyone and use it from coinmarketcap. There are some good exchanges and also you can use anyone from here as well https://kycnot.me/ where you can see other exchange to be selected.

DEX is the most safe exchange, Bisq.network is one of the most popular decentralized exchange here which you can buy your Bitcoin safely. CEX always exposed you to risk since you are depositing your assets on wallets that you don’t have a full control. Your balance might be trapped in there anytime if something bad happened on the exchange like the recent event on FTX and more.

Binance and Coinbase are both under lawsuit again SEC while they are the top exchange on crypto. Don’t gamble your funds CEX and start learning on how to use DEX. This will make your crypto experience less exposure on risk.

From my experience Binance, Kucoin and Bisq are the best exchanges available in the market. They have been in the industry for many years and millions of traders trusted these exchanges. Still I would advise you to read the terms and services of these exchanges before creating an account there. Moreover currently there is an ongoing lawsuit against the Binance, so for the time being you can skip Binance. At last don’t use these exchanges to store the coins. Just use the exchanges to exchange or sell the coins.

Your choice of exchange should be based on what you actually want to do; if you just want a one-time buy of any crypto and hold, then you can look for any supported exchange that has your choice of coin. Note that a one-time purchase is not worth the risk of verifying any centralized exchange account; unless you have no other means of purchase, just try as much as you can to select a Dex exchange; it gives you total control over your assets, no KYC verification is required, and there is nothing like frozen withdrawals or any sort of centralized exchange issue.

And when you are done making your exchange decision, try to get yourself an open-source self-custodial wallet in order to be fully in charge of your holdings.
 



Agoradesk should also be included on the list; Hodlhodl is not US-supported.
OP, If it's for Bitcoin and other popular coins, then the above list is for you.

What you need is not an exchange but the most secured wallet that gives you high securities over your coins, this is more important than an exchange since you have total control, no one needs an exchange unless you want to trade clone coin to the other but never to use exchange wallet to hold a large number of coins.


Most preferably you can use one of the decentralized exchanges if you care about privacy.

As other users already recommend, you can go to coinmarket cap and see the list of exchanges to choose one, most of them require KYC, so, you will have to provide all your data.

But I have a recommendation for you, use the exchanges just to buy and sell crypto coins, and never leave the coins there, some users leave their money in the exchange as if they can trust the service as a wallet and that's a big mistake, because if something happens to the exchange you will lose your coins.

When you use a centralized exchange, feel comfortable with it, you will less likely leave it.

From high trading volume to opportunities to trade with other coins and with fear to lose money for withdrawal fee from exchange account to your non custodial wallet and transaction fee to move your coin from non custodial wallet back to exchange account.

Kucoin is good, centralized but no KYC.

It is more comfortable than other decentralized exchanges where you have to trade peer to peer amd with different tradin styles than on centralized exchanges.

So you want to use an exchange which is a lot of advice with decentralized exchanges because it's not centralized like other exchanges, but I'm a bit hesitant for beginners most of them are choosing centralized exchanges even though I know many have gone bankrupt for example FTX and many others.

To be honest I only use centralized exchanges but only temporarily and don't put assets there, I use Binance and Kucoin it's fine but warning is always there because centralized exchanges will have control by the government because they have regulation.

I hope the OP can understand with the links shared by others.

Which requires KYC or not.
Many polls say that the big and good exchange of choice is binance.com.
The thing is that the binance exchange requires KYC when registering.

Don't know. What I know from the opinions that often arise from many people here that all active exchanges dare not be called the safest in the context of depositing funds.
Making an exchange for buying and selling, binance.com is quite convenient.
KuCoin is on the convenient list.

Aside from the crypto exchanges you'd like to hear recommendations from experienced members here, you should inquire about wallets to store coins after you buy at the exchange.

P2p exchanges are the safest, that is because you are not going to give the exchange your personal data, and while trading the exchange isn't going to act as a third party, you and your trading partner would control the funds in a multi-sig wallet, that is what p2p should be, not peer to exchange, then exchange to peer. For p2p exchages: https://kycnot.me/.

If you want centralized exchanges, take note that you will have to provide personal documents to pass their kyc protocol, and if you want to trade, the exchange is going to be a third party in the trade, but it is more convenient for day-traders.

OP, I have seen that you are a newbie here and from the looks you have been able to get acquainted with bitcoin a little to have gotten some tangible knowledge about it. You talking about exchange shows that your interest already aroused in investing into bitcoin and I must say you are on the right track.

There are lots of exchanges on the Crypto space but not all are worth it. Just as you have asked, I will advise you to check coinmarketcap and coingecko to see for yourself and  definitely you would see the exchanges with larger volume for which you should know are the ones leading the Crypto market.

You can as well lookup to the mentioned names by other members to see for yourself too. I believe that could help you scale through to Knowing the best exchanges to trade with but before you do anything with them, read their terms of service so you don't have any issues in the long run.
Lastly, remember the sayings that says" not your coin, not your assets". After trading, do well to move your coin and assets to your wallet.

No exchange is completely safe to use for storing bitcoins, but for short term trading such as Binance, Kucoin, and Bisq are still good enough to use or you can visit an exchange that has a government license in your country of residence. But keep in mind that exchanges are not a safe place to store bitcoins as you do not hold private keys, some people use exchanges only for short term trades like buying or selling bitcoins.

There are various types of exchanges that you may hear about and usually people will give answers according to what they use, so separate analysis is also needed to identify the exchange that is suitable for you to use. I don't want to suggest explicitly which exchange you can use, but it's best to do your own analysis beforehand about the exchange you want to use.

The current circumstances make it increasingly challenging to select a reliable centralized exchange. As a result, I now lean towards using decentralized exchanges (DEX) to ensure the safety of funds. Storing funds in a centralized exchange is no longer considered a secure option. However, I must admit that I have been utilizing Binance as my primary centralized exchange and haven't explored other centralized platforms extensively. Occasionally, I utilize DEX platforms to accumulate certain tokens. Therefore, if you are contemplating using a centralized exchange, I would recommend refraining from storing funds there. Instead, use it solely for purchasing tokens or coins, and promptly transfer them to your non-custodial wallet for enhanced security.

Binance and Kucocin have been the best ones for the last 4-5 years I think. Kucoin isn't much mainstream anymore but you don't hear any complaints about them too. Binance on the other hand is the rockstar of thecrypto exchanges. Simply #1. Then there are exchanges like Kraken, Gemini and Coinbase. I don't know much about Gemini and Kraken but I definitely don't recommend Coinbase. I don't trust them.

Overall, you simply can't go wrong with Binance.

Decentralized exchanges (DEXs) are favored for several reasons. Firstly, they provide inclusive trading opportunities for anyone with an internet connection, eliminating the need for intermediaries and geographic limitations. Secondly, DEXs operate in a peer-to-peer manner, making them resistant to censorship and regulatory restrictions. Additionally, trades on DEXs are executed through smart contracts, ensuring uninterrupted trading even if some nodes go offline

First, knowing the country you come from will help us choose which crypto exchange best for you, because just as many persons have mentioned exchanges such as Binance, Kucoin, Huobi & OKX, you need to know that not all exchange accept people from all countries as they have their banned and restricted zones, as listed below;

1. Binance: is banned countries such as North Korea and Iran, while restricted in countries such as United States, China, Canada, and Japan. (So if you are in any of these countries then Binance is not an option for you).

2. Kucoin: is banned in countries such as Afghanistan, Iran, Iraq, North Korea, Syria, Yemen, and Cuba while restricted in countries such as United States, Canada, Japan, China, South Korea, and Vietnam. (So if you are in any of these countries then Kucoin is not an option for you).

3. OKX: is banned in countries such as Cuba, Iran, North Korea, Syria, Crimea, while restricted US, Malaysia, Singapore, the Bahamas, Canada, the Netherlands.  (So if you are in any of these countries then OKX is not an option for you).

So your location really matters before deciding which exchange to go for.

I'm guessing this issue is related to exchanges, no? could you tell us which bit are you most concerned about?

Thing is, depending on your use case/s, it could be difficult to find the right balance between safety and convenience. At some point, you'll need to weigh them down. I suggest going into detail about your planned use-cases and your risk appetite like if you're fine with KYC or nah so we could at least narrow down the candidates otherwise you're likely to get general answers.

First, I want you to understand that nothing on the internet is ever safe and you need to be aware of the risk involved in everything that has to do with cryptocurrency but if you're looking for the most convenient exchange ^{(which doesn't specify if you're talking about DEX or CEX)} I will advise you make use of the tier 1 exchange.
If you're talking about Dex or no KYC exchange visit (https://kycnot.me/).

What's wrong with people being interested in altcoins and not bitcoins? If he cares about privacy, decentralization, then bitcoin is the perfect choice. But if he's here to speculate and make a profit, what's wrong with investing in shitcoins? If you are here for profit like everyone else, don't idolize just one thing and pass up a thousand other opportunities, because the end result you need is also profit. If you say you don't care about profit and you need privacy, anonymity to evade government regulation, bitcoin is the choice.

I am thinking last 4-5 years Binance and Kucocin are best and kucocin are not high now but i m not herring about this complaints and another side binance  are crypto exchange rock star and then kraken , Germany and coin base like exchange is there , and i don't no about Germany and kraken and i did not recommend  the coin base and i don't believe them and all you did not go with binance wrongly .

Thank you, few people have advised me DEX. What are their main disadvantages? More scammers?

Take note that there are some exchanges that claim to be decentralized, but are not, so if you use a good decentralized exchange like bisq, you cannot be scammed because you will always be in control of your funds. You trading funds in bisq remains in a 2-of-2 multi-sig wallet, and you are going to control one key, so you would only sign the tx with your key if the trade went well. The only way you can be scammed is if you don't have the very basic knowledge of BTC.

The main disadvantages you may get with decentralized exchanges is that of liquidity and speed of the tx; but if you look at the advantages, i think it is a good trade-off.

Any exchange can be hacked and while you hold crypto on the exchange, it doesn't belong to you. That's why people say "not your keys, not your crypto". So it's better to use wallets.

But if you just want to buy crypto and hold some of it on exchange and don't afraid to lose it in the wost case scenario, then use Binance. It's the biggest crypto exchange and it's available almost for everyone all around the world.

Bitfinex is a good option too, these are literally no drama around bfx and I think it's a pretty good sign.

I would highly recommend checking out Agora Desk (https://agoradesk.com/). This is a Peer to Peer (P2P) solution which allows you to trade Bitcoin with cash, bank transfer, gift cards and more with people who are local to you. It has a secure escrow system and a solid reputation system so that you can be sure that you're dealing with someone professional and trusted by people who have traded with them before. This is by far the best way to go about buying Bitcoin, as it retains your privacy and prevents you from having to jump through KYC hoops that all centralized exchanges will force you to use.

After you buy Bitcoin, you can swap to other chains and currencies by using decentralized protocols. These days, centralized exchanges are a choice if you search hard enough!

Where did I say to not invest in shitcoins? you seems to be angry and take it as personal.

Actually you can use Bitcoin to speculating and make a profit because the volatility is high. Really people who invest in Bitcoin for long term purpose aren't looking to make profit? Monero is the best choice then. It's more anonymous, the problem is just the price might slowly decrease due to centralized exchanges are start to delist privacy coins.

Bitcoin is pseudonymous, not anonymous, don't confuse it.

Although no exchange can guarantee 100% security it is important to take into account aspects like trading volume fees and withdrawal regulations when selecting an exchange. Currently Binance stands out as a well liked trading option because of its positive characteristics in these areas. However recent legal issues including the SEC case present ambiguity and serve as a reminder of the associated risks. Users must keep up with advancements take prudence when choosing and utilising exchanges for trading or holding cryptocurrencies and keep an eye out for new developments.

Currently there are so many crypto exchanges that we can rely on, so for you beginners just use the crypto market that is on top exchanges such as CoinmarketCap, Coinbase, Kukoin and Binance, but all of them have risks because not all crypto exchanges will always be safe even though they are equipped with high-level security, but for hacking problems there are always like what happens to Binance today, And we as crypto users must be careful because crypto assets are targeted by many hackers and fraudsters, so just choose an exchange that you really like and easy to use.

They are many cryptocurrency exchange platform to hold your Coin or placed a pending order in a higher position, or even stake your Coin for a some period of time and have specific percentage return as a result of holding for a long or short period of time, by saying that, Binance Exchange is more reliable and saved.

I really appreciate your view Sir. I was thinking about it though but a bit not clear weda to continue using dex or centralised exchange but for sure I know both are still not safe. However, from your input I can go with binance for trading and after trading, I transfer back to my self custodial wallet for my own safety because nobody knows when it just might happen and for he decentralized exchange, I will buy tokens from them directly to my wallet and transfer to another wallet not linked to the wallet I connected to the decentralized exchange.

Think that each of them aren't safe so in that case you'll be careful with all of them and you'll not be careless on how much you're going to deposit on each of them.

No.

There should be no exchange that must be holding our coins. It should be us that must be holding it and we should be the one controlling it.

What is your purpose of using exchanges? If it's just for buying Bitcoin and then send it immediately to your wallet, then any "trusted" and top exchanges in coinmarketcap is fine to use, they have pros and cons such as Binance, Kraken etc just make sure to know what to do there. But if it's to store your cryptocurrency assets then you should not put it there, go find some hardware or software wallet out there then you're good to go for early.

Kucoin is one of the good centralized exchanges and I like the fact that they provide some no KYC service for a certain tier but I barely use the exchange and the last time I use it was almost 2 years.
Based on my previous experience, I think Binance, Kraken, and Kucoin are good CEX but Coinbase is something else due to their high prioritization of KYC and restriction.

While many would hastily recommend Coinbase, Binance, or even Kraken, I'd urge you to slow down and do research.

Consider the ethos of the crypto world - decentralization. Does entrusting your digital assets to a centralized entity align with this philosophy? I think not. Thus, my recommendation leans towards DEXs, like Uniswap, Kyber Network, or even 1inch. They provide you with the control, aligning with the very spirit of cryptocurrencies.

However, if you're insistent on centralized exchanges, my pick would be Binance - a good mix of security, regulatory compliance, and user experience. They do serve the biggest altcoin buffet, and they also have the essentials

I think it's quite easy to pick the big names because nothing will happen to your money that way, it's just not the thing that you should be worried about. I know that it's not going to be a big deal, but at the end of the day it's not going to be that simple neither. I know that it's going to be a tough situation to handle if you do not know what you are doing, but if you know what you are doing then you should be fine.

I personally hope that it will be simple, it's not going to cause you to actually end up with anything troublesome and I believe that if you end up picking the right exchange then you should be fine. I personally use Binance even after all things going on, and did I faced any issues? Absolutely not, it's still amazing.

I welcome you too.

I support your new interest and undertaking with the issue of cryptocurrency.

I'll be happy to advise. I don't consider any exchange safe and would recommend keeping your funds in them only for a very short time and the smallest amounts. If you have to choose, then the preference would be left on one of the top exchanges, because the more resources they have, the better the security system can be built. But of course, this doesn't give any guarantees and a gap in security can always be found.

I consider the issue of convenience to be purely individual, and in order for you to determine which particular exchange will be convenient for you, you can't do without personal experience. Try several options and choose. Why ask others what will be convenient for you. Outside advice won't help here.

Crypto is dominated by centralized exchanges, recommending anyone of them for you is like putting you inside a tiger cage and locking the key because they cannot be trusted, one day you will lose access to your fund, and no one would pray for such kind of thing, look at Binance.US for example, the security exchange commission also known as SEC is considering confiscating users fund because they believe they are into some shady and insider deals, they believe Binance.US have violated their laws and as such, they are demanding the court to give them the order to seize the fund under Binance.US custody until all investigations are done, they are trying to seize users fund that belongs to customers which is a very bad move. It is always advisable you move your coins into self-custody for the safety of your funds and, lastly, never do KYC on any exchange, that's giving out your privacy to another company that cannot be trusted.

if Op is aiming to trade maybe the option for a centralized exchange like Binance is best. but if it's only to buy assets and then hold them in investment, of course using the Dex exchange will provide more security.
just a suggestion when using Dex exchange, it's better not to use the main wallet directly connected to the site. so you can use other wallets to make transactions and then send them back to the main wallet. however, there are scammers trying to duplicate some exchange sites. we also have to be more careful.

We have been warned not to entrust the holding of assets to any exchange because there will be risks in the future, what has happened with Binance.us has proven that threats will come from any side, especially the SEC which has the authority to monitor or even sue centralized exchanges.

I updated the news today, the court postponed the decision to freeze US funds because of the agreement that the two agreed, I think the Binance team will do everything to protect customer funds, so let's hope for the best and hope the problem is resolved without harming anyone.

I may be biased somewhat but our exchange - 8V Exchange is worth checking out. We are a fully featured crypto exchange with a mobile app too on android.

Here is our website: https://8v.com (https://8v.com)

Here is our Bitcointalk ANN thread (https://bitcointalk.org/index.php?topic=5455824)

With a smaller exchange like ours you can get much more personal and professional customer service.

meaning it is better to use DEX exchange for trading activities or crypto transactions? because most centralized exchanges will ask their users for KYC. although there are also those who only ask for KYC in larger transactions. avoiding KYC on exchange platforms, certainly not trusting them at all. and for traders isn't that quite difficult?
it is not good to keep our assets instead. both for investment and trading. but regarding KYC, everyone has their own choice.

You won't know until you try them yourself, if gou are someone who have no problem with KYC verification, you will find OKEX, Binance and MEXC the easiest ones to use, this is my very best crypto exchanges and I can't recommend to you because you might not like them, some people still like Pancakeswap style exchanges and this style is like dex platforms, where you just connect your metamask wallet or trust wallet and do the magic, viola! It's done, so which one are you? Only you can. Figure that out mate.

My warning advice is stay away from any crypto exchanges that are not popular, stay within the top 10 crypto exchange list, you can find the list on coinmarketcap using google search.

It's the safest if you want to own some Bitcoins from your fiat currencies. There are also some P2P exchanges that are inside centralized exchanges where you can do trades like Binance or Bybit.
About KYC things, as far as I remember Kucoin is good exchange if you do not want to undergo with KYC but it has limited features, but I think you can buy Bitcoins via their P2P feature even no KYC.

I vote for P2P exchanges for better privacy but if they are P2P exchanges from centralized exchanges, I would vote against it.

I would like to choose centralized exchanges and trade on them rather than using P2P exchanges which are built and owned by same team. I don't think those P2P exchanges help me in privacy.

Kucoin is Tier 1 centralized exchange and it does not require KYC at least now. The exchange has operated since 2017.

Kucoin review from KYCnot.me (https://kycnot.me/exchange/kucoin).

Yeah, you can do that, P2P trading, but I have heard a lot of horror stories with Binance and Bybit P2P trading like scams going on that platform. I know that they are just a facilitator and it's hard to monitor everything within their platform. But maybe they can do a better job in responding to this issues.

In any case though, it is still up to us traders, or buyers or seller in P2P to be just careful on who we deal with.

Just check everything before you released your crypto. Go to your wallet and see if the other party has paid you.

Don't waste your time on exchanges. It's not safe to hold your crypto there.

OP didn't say he uses centralized exchanges to store his assets. Moreover, it is not easy for us to completely exclude and avoid centralized exchanges. After all, like it or not, they're still part of the market, and we still use them under certain circumstances. If you are a day trader, I would like to ask what you would do to be able to make a profit if you did not use those exchanges? As long as we use it for the right purposes and don't store too many assets on it, CEX is still very useful to us.

 In as much as there's an attack by the sec on two top cryptocurrency exchanges being binance and coinbase, they're without any doubt regarded as the safest and most trust worthy exchanges despite the fud.
 Whereas  there are still other top crypto exchanges that I could recommend you on, such as.
Uniswap
LocalBitcoins
Bittrex
Kucoin
Gemini
Kraken
Uphold.
 There are a few others but those are more trustworthy and safer to trade with. However let's keep our fingers crossed and hope the fud with the sec ends soon and then it would be safer for you to create an account with binance, without any doubt. binance is considered the best and has gained a fast growth in the crypto ecosystem because of it's good security, Users friendly platform and vast amount of cryptocurrency to trade on.

People suggest centralized exchanges because they are more convenient, easy to use, has lower fees for trades because there is more liquidity available for every cryptocurrency they have listed and there are more traders as well. Apart from all these things, a centralized exchange also provides more features and tools to traders like charts and stuff which are not available on a decentralized exchange.

I totally understand that when someone is using a centralized exchange, they are actually giving custody of their assets to a centralized authority but if they are providing the best services, I don't see any harm in that unless someone stores very large sums of money in their exchange accounts which is never recommended.

Based on my personal experience I would say Binance and Kraken but I also like KuCoin when I need to buy some altcoin that is not yet on Binance. A long time ago I used Bitstamp, never had any problem, I know they're still around so I guess they're solid. Anyway remember that you're supposed to buy and move your funds out of the exchange, don't use it as a wallet, it's called exchange for a reason.

Even if there are hundreds of thousands of exchanges on the market, very few of them can offer beneficial features for investors and traders. P2P is essentially a key characteristic that is visible around cryptocurrency exchanges. When it comes to P2P trading and holding of cryptocurrencies, Binance is the most effective exchange. I would urge one to exercise extreme caution when interacting with these exchanges in the industry. The CEO of Binance, CZ, is constantly focused on the company's advantages and is doing his best to address the concerns and needs of its consumers throughout the world.

Know this and know peace, no exchanges are safe. You can store your assets safe in a hardware wallet and use exchanges to trade, this way you can have peace of mind. It also depends on what you are looking for in an exchange like (volume, trading pairs, fiat deposit/withdrawal etc.) but P2P exchange is preferable because it doesn't have access to your personal information and among them I would recommend Bisq exchange. But If you decide to go for centralized exchanges know that you will be required to perform KYC but there are some that doesn't require it like Kucoin.

Binance is not a p2p exchange, you cannot trade with a peer without Binance acting as a middle man in the trade, it is from peer to Binance and from Binance to the other peer. In real p2p exchanges like Bisq, you trade directly with the other peer. Take note too that Binance is not for holding crypto, do not join those who think the exchange is too big to fail, if you trade on Binance, move your funds to your self custody wallet once you are done.

Regarding security, like the opinions that have appeared here, nothing is 100% safe, but regarding the convenience of trading, maybe Binance and Tokocrypto, which I can say, because these are the two exchanges that I often use for trading, not for saving.
Binance and Tokocrypto require KYC for every user who wants to register.
KuCoin is also convenient for trading activities.

Just a reminder that don't make the exchange to store assets.
The more that reminds the better for safety.

Not anymore, Binance US is back to work and SEC have come into an agreement with Binance so SEC hunting is on pause right now, I think every other crypto exchange should do the same with Binance so that they can be able to run their exchanges will no issue.

Not having a part of every dime swimming in and out of crypto must be why SEC and those behind the SEC are making so much noise, the only way to shut them the hell up is by paying some money, I knew this is the case, I mean, what kind of agreement would it be if money is not involved?

Exchanges such as Binance, Tokocrypto, and KuCoin provide convenient cryptocurrency trading services. You're primarily using them for trading and not long-term storage, which is great to hear. To protect user accounts, these exchanges typically use 2FA and encrypted data transmission. Also, verifying users' identities through KYC verification enhances security.

Security challenges can be faced by even reputable exchanges, however. Users' funds have been lost as a result of exchanges being targeted by hackers. To ensure that your assets are secure, it's always a smart practice to keep your assets in a non-custodial wallet.

Many crypto exchanges was build by most of the world millionaires.The build trusted exchange will allow them to stable run in the bitcoin.When the exchange gained more trust,it can rule the crypto market in a long run as like the Binance did.The exchange will have enough money to support and to rebuild their kingdom.The exchange can lend the holding for the interest using the system of funds multiple.

Which doiesn't mean these exchanges will cease to exist.
IMO the SEC's case is flawed from the beginning because there's no crypto regulation in the US.
While Binance was commingling funds, Coinbase was not. Also, there was no case against Gemini as far as I know, so not all exchanges are affected.
Finally, Blackrock is filing for a bitcoin spot ETH and pointing Coinbase as a custodial. They would not have done it if they suspected Coinbase to be in breach of US law.

In the context of centralized exchange, Binance does p2p and it is fine. They are centralized and their own pattern of p2p must also have a central mediator to avoid cheating and abuse. Even in the context of the real escrow that Satoshi mentioned in the whitepaper, even Bisq altered it.
Everyone should do what works for them and bear the consequences. You cannot tell a big day trader that trades with the volume of 50k to 100k to be moving their funds everyday after trading. Everything is risk and reputable exchanges does fail that way with a public alert in the name of FUD.

Short answer:
Prefer decentralized exchanges and non-custodial wallets to hold your assets so that you will only be the owner of your money, no other middleman could get access or use your money for their own benefits. Now if we want to know which exchange is best and what type of steps we should follow when making accounts and making transactional activities on those exchanges. You should read the following thread. It's a real-life experience of Ratimov in using exchanges and he/she shared his 7 years of experience.

• My 7 years of experience with CEXs (4 years on Bitcointalk (https://bitcointalk.org/index.php?topic=5456199.msg62398807#msg62398807))

This thread comprised of main and some important tips to keep in mind which i think you will no find on any other blog post.

Plus, if you care about anonymity so much you should also read this thread:

• Current list of exchanges without KYC (https://bitcointalk.org/index.php?topic=5414539.0)

Overall, i suggest you to not keep your assets on any centralized (CEXs) and decentralized (DEX) exchanges because either if you are new you must have heard about the bankruptcy of the FTX exchange and many others too, so keep custodial of your assets and control them as you like, so choose an exchange only when you want to perform trading on a daily basis, and in that suggestion, i personally use the following.

• Binance-->my main exchange which is use for p2p
• Gate io-->only used once but experience was good

You should search for the best exchange in your area or you should ask this same question from your local board because some exchanges available in my region might not be available in yours so, search accordingly.

Indeed, Binance operates as an intermediary, a centralized entity with safety mechanisms. But, this model is valuable due to its regulatory oversight to prevent fraud

Challenging Binance' P2P trading validity? Brave. You've bypassed the benefit of Binance' protective role! Self-custody wallets serve a purpose, but arent they unsuitable for heavy traders considering time and associated fees? We're talking about real trading, not an ideal world sans intermediaries. Yes, "all is risk," but isnt risk mitigation also crucial?

As long as the private key is not in our hands, I will never trust them. This means that any type of exchange is not a good idea to store coins. They only run a business with the aim of making a profit. The easiest way is that they continue to provide comfort to users and promise to return funds lost due to hacking.

We can understand very well because of the various incidents that have happened that we have seen together that the security challenge depends on the owner of the coin to take care of it.
Wrong technique in keeping coins even in the safest wallet, in the end you still regret it.

So? The US don't understand they're just throwing away a huge opportunity to make a ton of money and bring even more money. At this point is clear that the SEC is abusing its power because they don't make clear rules, they don't give explanations, they don't answer, the only thing is trying to fine/sue/shut down exchanges just because someone else told them to do it. Several congressmen are asking for a serious investigation within the SEC.

Short answer, as it sounds today, are none.

But you can check coinmarketcap to find out which are the hottest and most popular exchanges right now (it's going to be Binance as always) but as someone who once preached great about the "importance" of centralized exchanges in the past, I think you shouldn't look at exchanges the same way you'd look at your personal wallet. They are very unsafe considering you're entrusting your coins to someone who eats hackings and scams for breakfast, and at the same time there's also issues back and forth with Exchanges fooling their stakeholders as well as customers by misappropriating customer funds for personal use, which is what happened in FTX, as well as also declaring assets that aren't even dedicated to the exchange just to paint the false impression that they are ready for bank runs, among others of course.

To this day, I continue to employ Binance for my crypto trading activities. When comparing centralized exchanges to decentralized exchanges, the majority tends to lean towards centralized exchanges due to their comprehensive feature offerings. Despite Binance currently grappling with issues involving the SEC, I still entrust a portion of my funds to their cold wallet storage.

If you're interested in exploring decentralized exchanges, you can give Pancakeswap or Uniswap a try. A few months ago, I conducted transactions using Pancakeswap, and it went smoothly.

Another alternative you can consider is ByBit, which also enjoys a high level of trust among users. People have faith in secure platforms, which is why many users choose between Binance and ByBit as their favorite centralized exchanges.

All of them are pretty shitty. For the most part they are scammers and corrupt as all Fuck. Especially Coinbase. However as long as you make sure that you take your money off of that exchanges you’ll be okay. Sign up for a few of them, then see who has the Lowest commissions/fees and buy from that one at the time and then move your coins to a hardware wallet.

In my personal opinion I think that there is no centralised exchangers which will be safe for your fund. Because taking funds in centralized exchangers means giving your funds to someone else. Then it goes into someone else's control. In this case later they can freeze your fund anytime for any data issue. So my personal suggestion to you the more avoiding centralized exchanges the more safe your fund. But if a centralized exchanger is required for currency exchange or trading, then fund should be  transfer to a noncustodial wallet immediately after using it. And in this case you can use kucoin, Binance.

A biggest exchange today and become a small one next few years or worse can be bankrupted or die. No safest exchange forever for you to use.

Bittrex was a biggest cryptocurrency exchange in 2017 but it just filed for bankruptcy months ago.

If you don't have private keys, you don't have any coin or token.
Reminder: do not keep your money in online accounts (https://bitcointalk.org/index.php?topic=5421039.0)

Store main capital in your self custody wallets.

Store small capital in your exchange accounts for trading and afford to lose it from trading or any bad event with that exchange.

Many people advise staying away from centralized exchanges, but I think it's hard for us to stop using them altogether. In my opinion, as long as we use them for the purpose for which they were created, nothing will be too serious as many people say. And I also have to agree with you, it is inconvenient to use decentralized exchanges because they are not as complete as centralized exchanges.

I have also been using Bybit for a while, and I realized that they could be a new competitor to Binance in the future. Bybit exchange is also worth a try for those using centralized exchanges to trade or convert fiat.

Hello everyone! 😊 When it comes to cryptocurrency exchanges, safety and convenience are two crucial factors to consider. While there are several reputable exchanges out there, here are a few that are widely regarded as safe and user-friendly:

Binance: Binance is one of the largest and most popular cryptocurrency exchanges globally. It offers a wide range of cryptocurrencies for trading and provides robust security measures, including two-factor authentication (2FA) and cold storage for funds.

Coinbase: Coinbase is a well-established and trusted exchange popular among beginners. It provides an intuitive user interface and offers a secure wallet to store your cryptocurrencies. Coinbase is known for its stringent security measures and regulatory compliance.

Kraken: Kraken is another reputable exchange known for its strong security features. It offers advanced trading options, a variety of cryptocurrencies, and allows fiat currency deposits and withdrawals. Kraken also maintains transparency by regularly conducting audits.

Gemini: Gemini is a regulated cryptocurrency exchange in the United States. It provides a secure platform for trading various cryptocurrencies and is known for its emphasis on compliance with regulations. Gemini also offers insured custodial wallets for added security.

Bitstamp: Bitstamp is one of the oldest cryptocurrency exchanges, founded in 2011. It has built a solid reputation for its security measures and reliability. Bitstamp supports fiat currency deposits, offers competitive trading fees, and provides a user-friendly interface.

Remember, it's important to conduct your own research and consider factors like security, fees, available cryptocurrencies, user experience, and regulatory compliance before choosing an exchange. Each exchange has its own strengths and may cater to different types of users.

Thank You!

Yea, we are talking about trading and not an ideal escrow system. In whichever situation, mitigate is necessary. But then Z-tight was expecting Binance to adopt the kind of p2p that Bisq does without a third party by using 2-2 segwit and their DOA system. Bisq has no comparison with Binance because both works in a totally opposite way.
My submission is that the p2p that Binance uses, works for now and it's fine because they cannot be like Bisq

Bisq is a great choice if you prefer Desktop. If you are looking for a mobile alternative, PeachBitcoin or Hodl Hodl (both are Bitcoin maximalists and both without KYC, although I personally have not used them) should be taken into account. The same Binance also has a p2p platform, but you need to be extremely careful with this, as in reality you need to pass KYC before you can make a transaction.

If you talk about exchanges, you don't need to learn and research too much, I think you just need to choose the one that people use the most because everyone is a user and has experience.  there is no reason if binance's services, fees, and security... are inferior to other exchanges, but it could become the largest and most used exchange in the world right now.  so if we need a centralized exchange, binance is the choice and if OP is looking for some kind of decentralized exchange, then some suggestions above can be consulted like Bisq or Hodl Hodl.