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Economy / Exchanges / Re: NooB - I got rejected by Kraken - Suggestions for other exchanges please

on: September 12, 2024, 08:05:24 PM

Quote from: dkbit98 on September 11, 2024, 08:38:58 PM Quote from: Flyswatter on September 10, 2024, 01:45:35 AM Got started on Coinbase a week ago and will probably try Strike. This is a sure way to get you personal information exposed and leaked sooner or later. I don't understand people who start getting registered on every damn centralized exchange with mandatory kyc verification and send them their name, documents, addresses, phone numbers, etc. I think I understand your comment. Both exchanges are KYC. But how is a Noob to get started? Bitcoin node? My reason for wanting to open a Strike account was/is because it's said that the fees are less then Coinbase.

Economy / Exchanges / Re: NooB - I got rejected by Kraken - Suggestions for other exchanges please

on: September 10, 2024, 01:45:35 AM

Quote I will recommend P2P exchanges like bisq, but I am not aware of their fees, you'll have to do your own research. With a decentralized P2P exchange, you do not have to trust, the exchange does not hold your funds at any point. You also don't have to go through KYC process. The downside is decrease in liquidity when compared with centralized services. Thanks. I've been reading, reading reading. Got started on Coinbase a week ago and will probably try Strike. I've seen bisq talked about here and there and will look at it after I transfer my purchases to Sparrow. Looking at hardware wallets as we speak. Quote from: Bitcoin Smith on September 03, 2024, 06:02:57 PM Your verification accepted then rejected? It seems odd though. There are tons of other exchange coinbase if you're from US and Binance if you're from others countries where you can have reasonable fees as well as enough liquidity for pairs. Even though if you can find an exchange that's never been hacked doesn't mean it will not be hacked in future and you don't have to worry about that. All you need is buy crypto from exchange then move funds to your wallet, if it's for Bitcoin then say Electrum and that's it, you have your coins in your custody and no need to worry about exchanges being hacked. Repeat this whenever you want to buy and sell, exchange is not meant for holding your crypto assets. Went with Coinbase about a week ago, finally realized I could save some $ by using the Advanced mode. and will probably try Strike.

Economy / Exchanges / Re: NooB - I got rejected by Kraken - Suggestions for other exchanges please

on: September 06, 2024, 04:40:50 PM

Quote from: CryptSafe on September 06, 2024, 04:37:05 PM OP, I read where you are requesting for an exchange to keep your funds. I will advise you to not try keep your digital assets with any exchange as they can not be trusted. Always remember this slogan "not your keys, not your coin" and work with it. The safety of your assets should be your utmost priority if you have any. Use self custodial wallet for your assets. If after getting registered on any of the exchange you deemed fit and reliable, do not keep your coin and token with them. Remember the case of Palestine where binance siezed all Palestinians assets with them. This should be an eye opener for you. Also remember the hacks exchange suffer which causes members with such exchange to loose their assets and funds. Do not wait to experience such before you learn your lessons be smart enough to protect your assets before you begin to hear stories that touches the heart. Appreciated. This is a great forum.

Economy / Exchanges / Re: NooB - I got rejected by Kraken - Suggestions for other exchanges please

on: September 06, 2024, 04:33:00 PM

Quote from: armanda90 on September 06, 2024, 04:17:42 PM I don't think problem with any exchange refused KYC process or denied you can try second time or several time later until all your document clearly and approved. I have used all top exchange and got experienced with Binance exchange need to get selfie many time because not clearly with my face when taking the picture. Firstly, improving your picture qualities when uploading all exchange account required with KYC because have the same regulation will reject KYC if document not upload clearly. For your kraken exchange have been rejected still has opportunity submit your KYC again and make higher qualities of your picture than other document uploading. For me, more comfortable by using Binance because KYC progress instant without 5 minutes after uploading our KYC got result approve or reject. Thanks but I'm with Coinbase now and I'll "Stick with the gal that brung me"

Economy / Exchanges / Re: NooB - I got rejected by Kraken - Suggestions for other exchanges please

on: September 06, 2024, 03:51:56 PM

Quote You can do the background checking yourself or ask people in the forum. Though I would highly suggest sticking with the known brands esp if you're new. Aside from coinbase and kraken, there's also binance.us, gemini, strike, etc. visit the websites and see if one of them suit your trading needs. I'm good with Coinbase so far. Made a handful of buys. And I didn't mean for my post to take on this aspect. But as a final word on the subject, it just make me feel as tho there should be a constitutional amendment to "Habeas Corpus" to allow citizens to access these financial institutions decisions for denial. <Flame Off> Quote from: Hamza2424 on September 05, 2024, 07:59:21 PM Yup! You are forgetting bro because you've forgotten the privacy factor, If you want to buy and hold funds to make profits in the long term, you should use the decentralized exchange and wallets, if your investment is a little high make sure to use the cold storage but you won't find it convenient in trading is best for holding funds. You can use the P2P platform for buying and selling as well. For the loss of funds you can approach them on social media and their support team regularly you can ask some local crypto influences as well to support your social media request for much more attraction from the Platform. In most cases with good support on social media, you can claim your refund I've seen success in 70%+ legit cases. They are not holding my funds. They reversed the ACH so all is good there. As for P2P, I'm not savvy enough yet. I don't feel confident buying from an unknown individual. But I will look into it as soon as I learn how to use my Wallet

Economy / Exchanges / Re: NooB - I got rejected by Kraken - Suggestions for other exchanges please

on: September 04, 2024, 10:27:45 PM

Quote from: uchegod-21 on September 04, 2024, 10:11:40 PM Quote from: Flyswatter on September 03, 2024, 05:15:40 PM Re: NooB - I got rejected by Kraken - Suggestions for other exchanges please How about if you make more efforts to understanding why you were rejected by Kraken and fix it, it will help you moving forward. Is it that the exchange has issue in your country or you personally could not pass KYC. If the later is the case, you could also encounter a similar problem in another exchange because the exchanges have similar KYC policies. Why trying to sort yourself out, also try your hands out in some decentralized exchanges also and have a feel of privacy. Yeah. I think I'll use Truthfinder. Although all these background check sites seem shady. Talk about making you signup for a month and then charging your credit card for a year. Not sure what else to do.

Economy / Exchanges / Re: NooB - I got rejected by Kraken - Suggestions for other exchanges please

on: September 04, 2024, 09:38:46 PM

Quote from: Pokapoka124 on September 04, 2024, 07:34:18 PM Quote from: Flyswatter on September 04, 2024, 02:58:29 PM Just wanted to say that I guess I didn't have my notifications set correctly. Anyway, Thanks for all the replies and I'll post back in a while. I'm in the USA I take it that the support team has responded and given you a reason for “cancelling” your account. If I am mistaken and the matter is still unresolved, you can take the complaint to their official thread and hopefully you can get a quicker response. Here's the official thread: https://bitcointalk.org/index.php?topic=290799.6960 It’s fine to use exchanges for buying crypto but for hodling, I strongly advise you move your coins to a non custodial wallet like Electrum, Blue wallet or Unstoppable. Always verify before downloading any of these wallets. Thanks @Pokapoka124 I did as you suggested and posted on the Kraken thread just now. But their email advising me that they were closing my account said Quote Unfortunately, we must inform you that we will be closing your Kraken account. For security purposes, we cannot disclose the reason for this action. I'll try to respond to each reply as time permits, but just to say, I was able to open an account with CoinBase. Hoping that was a good choice. I'll be purchasing a hardware key soon but for now I'm using Sparrow. But I would like to choose one more exchange to continue to learn the ins and outs of trading. Quote So you lost your deposit with the account? Their support team should be able to facilitate a refund if they are not dubious, if it's a high enough amount you can keep messaging their support team also get their attention by posting in active communities where they have some representation. Sorry, I should have said they reversed my ACH. So they are not holding my funds. Quote • As long as it's a custodial exchange there is always that risk that they steal or lose your funds. Not your keys; not your coins. You can trade with exchanges like Binance, but you shouldn't leave your funds there after making a transaction, always move them to a non custodial wallet. Understood about the wallet. Is Binance good fo a NooB? Quote I will recommend P2P exchanges like bisq, but I am not aware of their fees, you'll have to do your own research. With a decentralized P2P exchange, you do not have to trust, the exchange does not hold your funds at any point. You also don't have to go through KYC process. The downside is decrease in liquidity when compared with centralized services. Thanks I'll research that aspect.

Economy / Exchanges / Re: [ANN] KRAKEN.COM - Exchange with USD EUR GBP JPY CAD BTC LTC XRP NMC XDG STR ETH

on: September 04, 2024, 09:26:48 PM

It was suggested I post here because Kraken cancelled my new account. I posted about it here: https://bitcointalk.org/index.php?topic=5508184.0 Soon after the rejection, I had no problems opening a new account with a reputable (i.e. publicly traded) exchange. Although the email I received from Justin says: Quote Thanks for your patience. Unfortunately, we must inform you that we will be closing your Kraken account. For security purposes, we cannot disclose the reason for this action. Your recent ACH transfers via Plaid have been canceled. These two transactions will not be processed from our side and your bank account will not be debited. Kindly note that you cannot open another Kraken account. We appreciate your understanding. I was hoping you could further explain why and perhaps approve my account. Thanks in advance.

Economy / Exchanges / Re: NooB - I got rejected by Kraken - Suggestions for other exchanges please

on: September 04, 2024, 02:58:29 PM

Just wanted to say that I guess I didn't have my notifications set correctly. Anyway, Thanks for all the replies and I'll post back in a while. I'm in the USA

Economy / Exchanges / NooB - I got rejected by Kraken - Suggestions for other exchanges please

on: September 03, 2024, 05:15:40 PM

Back story. For some reason, on Chrome my camera wouldn't take a pic of my DL, etc. so I uploaded. Got verified, transferred funds from my bank, contacted support because I didn't see the withdrawals, and they said my account was canceled for security reasons and wouldn't say why. Trying BitCoinWell and they also are reviewing before I can continue to Verify? I'm an older guy, own my home and property, multiple bank accounts and investments, etc. What could be the problem? Anyway, still searching for an Exchange that won't "steal/loose" my funds/coins. I've spent days researching the recommended Exchanges and, as an example, on Trust Pilot, they ALL have lousy reviews of being locked out and unable to recover their investment. Searching the r/reddits - Google - Investopia - etc. It seems almost every exchange has either been hacked, filed for bankruptcy - sued by the FTC, etc.. This is for investment purchases (buying and holding) So my wish list would be: Trustworthy - Stable with no funny business Not forced to use an App on my phone but able to use my laptop online. - Flexible on this Reasonable Fees - We all need to make a profit Am I forgetting something? Thanks in advance.

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