Legitimate exchanges

[richardsNY]

This is why we need some level of regulation in the crypto space. I don't think self regulation can work in the long run, in a stand alone way.  There is too much value and interest at stake, plus,  the market have too may big players that can influence the price. So, I think a collaboration with gov to regulate is inevitable. Governments are inefficient, so i don't expect this to happen in 2018.  

It's already happening. This month the SEC announced that exchanges will need to register with them in order to be granted a license to actually operate as an exchange. The only confusing bit is what exactly do they consider to be securities. Is it that all cryptos by default are considered to be securities, or just tokens, that I am not exactly sure of. Either way, Poloniex has been granted such a license and is approved by the SEC, which increases their credibility. At least in this case you don't have to worry about the FBI or the IRS to raid that exchange, which can't be said about the majority of the exchanges this market counts. Based on that, Poloniex might be the closest to the 'legitimate' term than all other exchanges are.

[akamit]

Well so far there are lots of exchange platform where we can trade peacefully, such as Bittrex, kucoin, coinbene, binance, cryptopia sometimes also yobit, so these are plaform exchange where I think its a good place to encash your profit though yobit for the eyes of other's here is not a good to trade in due to it is a palce of zombie coins.

Yobit & Cryptopia has the similar case.
As far as I know, they both keep the altcoin wallets in maintenance mode. I named it "technical scam".
They both don't have any issue with btc deposit and withdraw and even with the top coins.

A few days ago, one of my shitcoin got pumped in Cryptopia and I couldn't do anything to sell because both the sites kept the wallet in maintenance mode.
I'm hodling that shitcoin in yobit over a year now maybe.

Still I have a lot of coins in yobit which I mostly bought in 2016. I don't only blame yobit but I also blame the shitcoins devs and also myself for shit decision & pick.

[jossiel]

I'm not disagreeing with you, the whole purpose of this thread is so people can share their personal experiences and opinions. No one persons opinion is the gospel, yes I did have a bad experience with cryptopia myself in that they closed the btc and ltc markets without warning causing me to lose a bit of money as my paccoin was trapped. I just said that yes there are issues in the markets etc but your money can be deposited and withdrawn it wont just "disappear" like on yobit!

The other thing to clarify is, yes stick to big exchanges if you want to trade in the big coins but, some of the decent alt coin projects are on these smaller shady looking exchanges. This is where alot of the money disappearing acts tend to happen. There is not a whole lot of reviews on these exchanges etc. So it would be good to hear from people regarding these.

Alright, let's move on.

sometimes also yobit

The fact that there are still traders on yobit are those that doesn't experience any problem with their withdrawal or deposit and they chose to stick but the rest better choose a good exchange.

yobit for the eyes of other's here is not a good to trade in due to it is a palce of zombie coins.

It's a place of shitcoins where value yesterday is only 1 sats and it will pump up to 1000%.

[akamit]

The fact that there are still traders on yobit are those that doesn't experience any problem with their withdrawal or deposit and they chose to stick but the rest better choose a good exchange.

That's true that not all users get an issue with an exchange, maybe exchanges selectively hodls users funds?
I haven't faced any deposit & withdrawal (not talking about the shit altcoins here) issue with yobit nor cryptopia yet, but I'm very concern about the future, my fingers are crossed.

And also there could be some more reasons why traders still trade on those exchanges, such as some users like the p&d, some may have built a strong relationship with the community, the current fork trend, or some may don't have an option. I fall under no option group because I hodl too many shitcoins in yobit and I just can't easily say goodbye. Just waiting for years to sell with least profit and get away.

It's a place of shitcoins where value yesterday is only 1 sats and it will pump up to 1000%.

1000000000000000% correct.
A few days ago I sold a shitcoin at 2500% after hodling 1.2yrs. That's Insane!

[fahad.khan]

[/quote]
I have used several exchanges and trading in "Bitfinex" since beginning and so far I found it to be the best one. Never faced any problem in withdrawal or trading or anything.

[nniecan001]

Guys, have you heard or try the crex24.com? This is one of the newest but successful exchange from 2017, they offering not only popular cryptocurrencies (Bitcoin, Ethereum, Litecoin, NEM and others), but also rare ones. I tried it last night ( simple designed and user friendly) , that's why I will say it's a 100 percent legit . By the way, this is my first trade in my crypto career, feel good cause no issue or problem encounter.

Instead of using any new exchange why don't you use the already known and reputed exchanges like binance, bittrex etc . In binance the fees is just 0.1% and also easy to operate and open account . Just check out this sites before you trade in new exchanges.

I used it because I need to trade my token cause of financial issue, that is the only exchange site available to it, other is etherdelta.com (which is too low in value). It's a new token that why it's so limited right now. Maybe in the future I use some famous exchanges site you mention. Thanks mate to your advise.

[Ejanend]

Guys, have you heard or try the crex24.com? This is one of the newest but successful exchange from 2017, they offering not only popular cryptocurrencies (Bitcoin, Ethereum, Litecoin, NEM and others), but also rare ones. I tried it last night ( simple designed and user friendly) , that's why I will say it's a 100 percent legit . By the way, this is my first trade in my crypto career, feel good cause no issue or problem encounter.

Instead of using any new exchange why don't you use the already known and reputed exchanges like binance, bittrex etc . In binance the fees is just 0.1% and also easy to operate and open account . Just check out this sites before you trade in new exchanges.

I used it because I need to trade my token cause of financial issue, that is the only exchange site available to it, other is etherdelta.com (which is too low in value). It's a new token that why it's so limited right now. Maybe in the future I use some famous exchanges site you mention. Thanks mate to your advise.

This is really good thing on this platform that everything which is asked is given more than one replies for the better understanding of all the people who wanted to know about this. While using any of the exchange or the wallet make sure that the securities are updated and there is no bad reviews or negative news about that specific exchange. Your private key must not be shared with anyone for the requirements of the exchange, the terms and conditions must not compromise you and your capital.

[nniecan001]

Guys, have you heard or try the crex24.com? This is one of the newest but successful exchange from 2017, they offering not only popular cryptocurrencies (Bitcoin, Ethereum, Litecoin, NEM and others), but also rare ones. I tried it last night ( simple designed and user friendly) , that's why I will say it's a 100 percent legit . By the way, this is my first trade in my crypto career, feel good cause no issue or problem encounter.

Instead of using any new exchange why don't you use the already known and reputed exchanges like binance, bittrex etc . In binance the fees is just 0.1% and also easy to operate and open account . Just check out this sites before you trade in new exchanges.

I used it because I need to trade my token cause of financial issue, that is the only exchange site available to it, other is etherdelta.com (which is too low in value). It's a new token that why it's so limited right now. Maybe in the future I use some famous exchanges site you mention. Thanks mate to your advise.

This is really good thing on this platform that everything which is asked is given more than one replies for the better understanding of all the people who wanted to know about this. While using any of the exchange or the wallet make sure that the securities are updated and there is no bad reviews or negative news about that specific exchange. Your private key must not be shared with anyone for the requirements of the exchange, the terms and conditions must not compromise you and your capital.

Yeah, better to ask first about the exchanges you want to go in, since many of us here are trader and experienced different scenario in the past. Sometimes, I used other email address and password if I'm not sure about the new exchanges, I think about , what if I enter my true email and password, they will possible to see their database and try to log in what I registered and try to steal what I have ( that is possible if the exchanges is a scam ) . What do you think?  

[jitenrajput]

There are many popular exchanges running successfully in the current period.
•   Binance
•   Bittrex
•   Coinbase
•   Poloniex
•   Kucoin
Talking about legitimate exchanges, there is one more coming up which promises to be more secure and improved trading platform. To stay updated, keep checking at http://encrybit.io

[voltesbit777]

Legitimate does not mean they will not eventually "scam" or get "hacked". Look at the two most recent suspensions in Japan. Both were perfectly legitimate, issued proper licenses and everything. But they still got compromised and as a result were forced to suspend activities. I think for me, if it comes to exchanges, I am now only going to use the ones that do not have a trading platform. Such as Localbitcoins. It is purely people buying and selling to each other, no pump and dump schemes, no hacks, because people do not store their coins there (not the way they do when they trade).

You have a point on that, actually some of the legitimate are scam but they are only few of them. So far, the good exchange platform which I think is really trusted for me was Bittrex, kucoin, coinbene and poloniex.

[Gecko8]

Legitimate does not mean they will not eventually "scam" or get "hacked". Look at the two most recent suspensions in Japan. Both were perfectly legitimate, issued proper licenses and everything. But they still got compromised and as a result were forced to suspend activities. I think for me, if it comes to exchanges, I am now only going to use the ones that do not have a trading platform. Such as Localbitcoins. It is purely people buying and selling to each other, no pump and dump schemes, no hacks, because people do not store their coins there (not the way they do when they trade).

You have a point on that, actually some of the legitimate are scam but they are only few of them. So far, the good exchange platform which I think is really trusted for me was Bittrex, kucoin, coinbene and poloniex.

Yes, I also would add Poloniex. It is actually already a well-known exchange. Another one, which can be used is Kraken. But here I am a bit worried, because from time to time it cannot be accessed. But it allows also the exchange to fiat, but I have never tried.

[mhus786]

Legitimate does not mean they will not eventually "scam" or get "hacked". Look at the two most recent suspensions in Japan. Both were perfectly legitimate, issued proper licenses and everything. But they still got compromised and as a result were forced to suspend activities. I think for me, if it comes to exchanges, I am now only going to use the ones that do not have a trading platform. Such as Localbitcoins. It is purely people buying and selling to each other, no pump and dump schemes, no hacks, because people do not store their coins there (not the way they do when they trade).

You have a point on that, actually some of the legitimate are scam but they are only few of them. So far, the good exchange platform which I think is really trusted for me was Bittrex, kucoin, coinbene and poloniex.

Yes, I also would add Poloniex. It is actually already a well-known exchange. Another one, which can be used is Kraken. But here I am a bit worried, because from time to time it cannot be accessed. But it allows also the exchange to fiat, but I have never tried.

That was one of the first ones i actually tried registering to! but I was put off simply because they use cloud flare and even that kept failing to load anything maybe out of 10 clicks it loaded a page once successfully so for me personally that was enough to keep me away from their site

[Kevin77]

Legitimate does not mean they will not eventually "scam" or get "hacked". Look at the two most recent suspensions in Japan. Both were perfectly legitimate, issued proper licenses and everything. But they still got compromised and as a result were forced to suspend activities. I think for me, if it comes to exchanges, I am now only going to use the ones that do not have a trading platform. Such as Localbitcoins. It is purely people buying and selling to each other, no pump and dump schemes, no hacks, because people do not store their coins there (not the way they do when they trade).

Lol. I can understand you but we also have to understand that most of them are fully operational and already being regulated such as bittrex and I am sure they would not want to do anything to jeopardize their position in the market and generally go against the law in scamming users unlike Yobit which you already know it is out there to drain users and one day this is what is going to end up happening.

Bittrex, Binance, GDax, Bitfinex and Bitstamp are still reputable at least for now, but some of them have been operating for a long time now, and that makes them more of a better zone to trade for safety than the others.

[jossiel]

The fact that there are still traders on yobit are those that doesn't experience any problem with their withdrawal or deposit and they chose to stick but the rest better choose a good exchange.

That's true that not all users get an issue with an exchange, maybe exchanges selectively hodls users funds?
I haven't faced any deposit & withdrawal (not talking about the shit altcoins here) issue with yobit nor cryptopia yet, but I'm very concern about the future, my fingers are crossed.

And also there could be some more reasons why traders still trade on those exchanges, such as some users like the p&d, some may have built a strong relationship with the community, the current fork trend, or some may don't have an option. I fall under no option group because I hodl too many shitcoins in yobit and I just can't easily say goodbye. Just waiting for years to sell with least profit and get away.

We don't know if they have that type of judgement about selective funds for their hodlers / traders / investors.

About those forks, most of the bitcoin forks are listed but I don't know if "ALL" were listed there as I don't have time to check all of it for the meantime.

It's a place of shitcoins where value yesterday is only 1 sats and it will pump up to 1000%.

1000000000000000% correct.
A few days ago I sold a shitcoin at 2500% after hodling 1.2yrs. That's Insane!

This can be also a reason why there are many traders who are staying there and they can see a big advantage to use that exchange as a milking place.

[lopez cryptomania]

I like Binance & Kucoin. Here is an upcoming exchange ICO I believe in because they will be the first arbitrage exchange and their focus is to bring in the masses with their easy to use UI.

https://bitcointalk.org/index.php?topic=3085831.msg31823480#msg31823480

[justicesquadron]

In addition to the above, I would recommend:
Huobi.pro
Gate.io
and a decentralized exchange:
Etherdelta.com

[cryptojohnstone]

These are very hard to come by. The space is too new too have fully entrenched institutions with a track history of being safe and secure. This simply doesn't exist yet. Coinbase, kracken, Gemini binance are good

[St4yInTh3D4rk]

Actually still there are lots of other exchanges are also available and mostly the exchanges listed on the coinmarket cap is legitimate so choose which coin you want to buy then go to the coinmarketcap to see where it was listed then buy from there and the only thing you don't have to do is buy or deposit any funds into the new exchanges without seeing the feed backs from others.

I will be better if you add coinbase also to your list because it is one of the most trusted exchange.

[Mister1k]

These are very hard to come by. The space is too new too have fully entrenched institutions with a track history of being safe and secure. This simply doesn't exist yet. Coinbase, kracken, Gemini binance are good

Coinbase is the wallet cum exchange bro. I do not think that this as a coinbase wallet buddy. I see they do not have a exchange support for various only wallet they are completely able to use through out the world.
Kraken always support and suggest all my friend. Expect few countries in Asia they have to service all over the world bro.
I am using the localbitcoins for long time, I feel this is good at the market and this site's traders always give the good value.

[White32]

According to my research there are many legitimate exchange that we can use. Such as coinbase the alternative cryptocurrencies of ethereum and litecoin, the largest claiming $20 billion (£15billion) in currency exchanged. It is created GDAX global digital asset in last 2014 and was develop with the high volume of trading.