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Author Topic: How to determine a good exchange site?  (Read 108 times)
aywing
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May 21, 2018, 02:41:35 AM
 #21

Thank you so much for you guys information!!! Tho it really take times for me to learn more about it. I will try my best !!!
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embarrasstor
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May 21, 2018, 02:50:03 AM
 #22

Do not hurry yourself to get involved into the trading market first, you should research more about the risk first and know more about the technology and ICOs in the industry, more knowledge for you to learn from! 
caotringhia
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May 21, 2018, 09:27:24 AM
 #23

I think the best option now is Binance and Bittrex. Binance is quite easy to use, simple interface and easy to use, high security. Bittrex supports more coins than Binance. But for me, I like Binance
mrBTCman
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May 31, 2018, 12:49:21 PM
 #24

Well, there are a few things to look at to find the best exchange:
1. What you need? Some sites allow to trade coins, others only buy or sell.
2. Where are you located? Not all exchanges work everywhere and it’s better to choose a reliable international site or your local merchant with clear rules.
3. Can you trust it? Good exchanges store currency on cold wallets, offer 2FA and 24/7 support.
4. What coins you want? Different sites support different currencies, be sure that the chosen one supports all desired coins.
5. How much you are ready to pay? It’s about accepted payments and fees.
There are a lot of options, which are really reliable (gdax, kraken, coinmama, binance). As for me, I prefer cex as it works with cards. Though fees are quite high so you better check if you can do with them - https://www.katiewager.org/cexio-review.
Darkfall
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May 31, 2018, 02:07:35 PM
 #25

Like what the majority of people here have said, going with what the existing community agree's on as trusted is a good start.
I personally started with Kraken, then branched out to Gdax/Coinbase, and Binance, to this day I've not had any problems with any of those three.

This wont really help you, but it is important information for the crypto-newbies, regardless of the popularity of the exchange you are looking into, there seems to always be some negative comments, with some exchanges being extremely polarizing, so it is important to do your own research into whatever exchange you wish to use.

I like to use the exchange section of CryptoCompare to read up on some exchanges, link is here
trueman1
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May 31, 2018, 02:34:55 PM
 #26

any crypto exchange will have klm rules that will limit unverified client for how match can they withdraw.

i this the bast selection is binance that allow up to 2 bitcoin per day and you don't to verify.
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