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Question: What is a good and safe exchange
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Phabej (OP)
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March 23, 2018, 02:44:58 AM
 #1

I'm new to crypto. Every exchange I research on to buy bitcoins has a lot of bad reviews. People post that they have lost alot of money/bitcoins on most of the exchanges. Nothing seems safe
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BCHachiman
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March 23, 2018, 03:59:29 AM
 #2

Im using bittrex they have a good security but then only few altcoins and also if you are a hodler its better to keep your coins in offline wallet
MintDice
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March 23, 2018, 04:09:08 AM
 #3

Well, first you'll want to identify your specific needs, because there is no one crypto exchange that is a one-size-fits-all solution. We have a pretty extensive guide to choosing an exchange:

http://bit.ly/GuideToExchanges

Hope this helps!  Smiley
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March 23, 2018, 04:13:09 AM
 #4

Gdax is a great exchange, never hacked, no fees to do anything at all (even sending away from the exchange).

You also have Binance, which has also never been hacked.

4sale: CoinBro.net, ParadiseCrypto.com, Mine.Asia, INBEX.com, BroClub.com, CoinDepot.org, Elly.net, EthGal.com
Knightly
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March 23, 2018, 04:29:31 AM
 #5

Hey there,

Unfortunately that's a very broad, open-ended question. There are so many exchanges out there; some have been around for a long-time and have great reputations, whereas some are on the other end of the spectrum and have been faced with allegations and controversy.

Definitely do your research and if you intend to purchase multiple cryptocurrencies, perhaps send your money to an exchange that sells all/most of those currencies. Another key indicator can also be the volume through that particular exchange. For this, go to www.coinmarketcap.com (the holy bible), search for the exchange, and it will tell you the exchange's daily (24hr) volume; if an exchange has put through $1 billion, then it's a good indicator that it's good (for the most part) whereas if the volume is under $1 million, then it may have issues (or may be new/have only low-volume coins).

It really is a hard question to answer, but I'm sure you'll make the correct decision.

-Knightly
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March 23, 2018, 05:29:06 AM
 #6

exchanges are big targets right now, stealing traffic from each other. so it makes sense to operate on every single one with maximum precautions and never keep coins there no longer than required for tx to process

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March 23, 2018, 05:46:18 AM
 #7

Coinbase is the most popular method today for buying crypto. The exchange is one of the oldest around and has been active since 2012. Coinbase supports 32 different countries including the US, Canada, UK, and Australia. Its the easiest one.
List of best exchanges includes:
Bitfinex
Bittrex
Gdax
Bitstamp
Kucoin
Binance
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March 23, 2018, 06:56:03 AM
 #8

If you are from europe and want to buy coins using fiat, i can recommend anycoindirect.eu - a company based in the Netherlands. They accept SEPA as well.

In terms of safety the most recommended exchanges are decentralized, i.e. IDEX, BarterDEX, WavesDEX and probably Binance in a few months.

 
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Alluro
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March 23, 2018, 12:09:02 PM
 #9

There are too many good exchanges on crypto market. Exchanges are depended on what coin you want to buy. I can suggest few popular exchanges. I hope they help you.
https://www.binance.com/
https://bittrex.com/
https://poloniex.com/
https://www.bitstamp.net/
https://www.bithumb.com/
https://www.bitfinex.com/
https://www.kraken.com/
https://www.kucoin.com/
https://www.gdax.com/
https://www.okex.com/
https://www.huobi.pro/
https://hitbtc.com/

MintDiceSupport
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March 23, 2018, 04:45:41 PM
 #10

There are so many exchanges available and as you have noted, there are plenty of negative reviews to go around for each one. Do your own research and see which one caters the most to your needs. Do they support the purchasing method you intend to use? Do they support the coins you want to invest in? Are there geographical limitations to consider? We still find ourselves in the nascent stages of the crypto world. As a result, these exchange platforms are still going through growing pains. That isn't completely the fault of these companies, however, not entirely. Cryptocurrency has yet to solve its scaleability issues and therefore you will continue to see a lot of backlash concerning transactions speeds and fees. For now, go for the exchange that seems the most secure to you. Many of the posts above listed a variety of well-known exchanges, feel free to learn more on how to choose an exchange and check out some of the reputable exchanges we list in our mintdice blog: https://www.mintdice.com/blog/a-guide-to-cryptocurrency-exchanges

Cheers!

Mintdice.com
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March 25, 2018, 04:25:28 PM
 #11

Bittrex, binance, poloniex are considered most trustworthy. Although you need $10.000 worth of crypto if you want to join bittrex.

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March 25, 2018, 04:34:58 PM
 #12

Binance and Kucoin are definitely the most trusted exchanges today
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March 25, 2018, 05:10:44 PM
 #13

when I first started, I looked at the volume of trading on the stock exchange, trusted most people, now changed the criteria and trade where it is more convenient.
https://coinmarketcap.com/exchanges/volume/24-hour/all/
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March 25, 2018, 10:11:42 PM
 #14

I'm new to crypto. Every exchange I research on to buy bitcoins has a lot of bad reviews. People post that they have lost alot of money/bitcoins on most of the exchanges. Nothing seems safe
If you want to be safe and trusted exchange,just using bitrrex or binance but its matter of sad that this exchanger close to new account but you can contract there support system and apply for new account .Now i am using kucoin and binance and bittrex for trading and i hope its best for new tradder and more secuired and trusted site

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Edrahil67
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April 13, 2018, 03:22:00 PM
 #15

ForkDelta is also a good decentralised exchange
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May 03, 2018, 01:49:34 PM
 #16

Binance and bittrex is a good exchange...
well good luck
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May 03, 2018, 02:03:46 PM
 #17

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May 03, 2018, 03:46:01 PM
 #18

I use Coinbase. As for me, it is the best and easiest way to buy Bitcoin, Litecoin, and Ethereum with the credit card or bank account. It offers to buy and sell cryptocurrency in 32 countries, which is a quite significant amount. Also, it offers an API for developers and merchants to build applications, which makes it even easier to use.
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May 03, 2018, 04:44:29 PM
 #19

If buying bitcoins or any cryptocurrencies online would have been such a hectic thing, nobody would have been able to do it, everyone would be complaining only. If you've had your own bad experiences (or if not - as if you have not even tried one and came here just to blame exchanges), go through Currency exchange section of the forum here - https://bitcointalk.org/index.php?board=53.0
to get all your requirements met without the need to register at any of those exchanges you're not familiar/fine with. TBH, there are a lot of great exchanges including, but not limited to, coinbase, kraken, localbitcoins (p2p), bitfinex, bitstamp which will allow you to buy Bitcoins using credit card at a faster speed. If you're not interested in giving your identity to them, you better prefer what I gave you.

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Ayuluv2001
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May 03, 2018, 05:02:37 PM
 #20

One of the most important thing is whether your funds will be able to get through the exchange before you are able to start buying coins / tokens. And another thing is withdrawal.

I remember there is a period where all the funds too very long to go through and some even got rejected (for me is Gatehub) Having real bad experience with them and no customer service at all!

I would suggest Kraken as I had sucessfully transferred funds over without issue. If they do not have the coins or tokens you want, you can try Biannce or Kucoin. These two are my favorite exchanges for Alt coins at the moment.

Usually I will use ETH for transfer as it is faster than BTC
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