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Author Topic: Where is better to exchange alts?  (Read 247 times)
btc_love (OP)
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August 22, 2019, 03:55:30 PM
 #1

I'm a newbie trader and want to exchange my alts. All I know is binance and changelly. In my opinion, binance is too scummy. Changelly seems to be good but they take 0,25% fees and I want to pay less. Can you recommend me a good crypto exchange?
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August 22, 2019, 04:02:18 PM
 #2

Not sure what is it that you don't like about Binance but I would still highly suggest it If you haven't tried it yet. You also have KuCoin. Both these exchanges allow you to withdraw up to 2 BTC without having to go through KYC. If you don't mind submitting your documents, Bittrex could be another good option.

For Changelly, I wouldn't recommend using them at all, as there have been multiple scam accusations about them lately. The service might be still used by multiple services and wallet providers but there is definitely some selective-scamming going on.

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Oilacris
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August 22, 2019, 05:10:57 PM
 #3

I'm a newbie trader and want to exchange my alts. All I know is binance and changelly. In my opinion, binance is too scummy. Changelly seems to be good but they take 0,25% fees and I want to pay less. Can you recommend me a good crypto exchange?
Why scammy? Binance is one of the most top tier exchange as of this moment.I don't know how much fees different between binance and changelly but somehow
its understandable because Changelly is an instant exchange site rather than an entire platform.If you do need to select then both sites is legit.

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August 22, 2019, 05:19:29 PM
 #4

KuCoin's going to be your best alternative if you're looking for a somewhat reputable exchange that doesn't require KYC upfront in order to trade; there's other exchanges out there that don't request KYC as well but most of 'em are much smaller and shadier IMO. I don't find Binance to be especially shady, but it's got the best volume for most alt pairs. I know some people that use HitBTC as well, but I'm pretty sure they do request KYC if that's something you're looking for.
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August 22, 2019, 05:45:48 PM
 #5

Why scammy? Binance is one of the most top tier exchange as of this moment.I don't know how much fees different between binance and changelly but somehow
its understandable because Changelly is an instant exchange site rather than an entire platform.If you do need to select then both sites is legit.
It might be due to the bad news (leaks, hacks) that went around few weeks ago but that shouldn't stop us from using them in the end they're still an exchange we should always move our funds after trading.

I know some people that use HitBTC as well, but I'm pretty sure they do request KYC if that's something you're looking for.
KYC is optional on HitBTC, limits are smaller than Binance they have a 5 BTC monthly limit for accounts that aren't verified.


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August 22, 2019, 07:27:44 PM
 #6


He is new in crypto, you can understand that OP must have heard the news of those binance hacks, strange he hasn't heard that binance got it all covered. He also don't know about changelly scam accusations, no research must have been done by him to learn which brokers to go with but to let you know BInance is very reputable to bitcointalk users. Binance still is one of the best so far that I have used the fact that a user can withdraw few bits of BTC unlike some exchanges.

Why scammy? Binance is one of the most top tier exchange as of this moment.I don't know how much fees different between binance and changelly but somehow
its understandable because Changelly is an instant exchange site rather than an entire platform.If you do need to select then both sites is legit.
It might be due to the bad news (leaks, hacks) that went around few weeks ago but that shouldn't stop us from using them in the end they're still an exchange we should always move our funds after trading.

I know some people that use HitBTC as well, but I'm pretty sure they do request KYC if that's something you're looking for.
KYC is optional on HitBTC, limits are smaller than Binance they have a 5 BTC monthly limit for accounts that aren't verified.



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August 22, 2019, 09:21:31 PM
 #7

I would recommend binance as better exchange to trust nowadays, for sure you won't regret what you've been aiming for. Although it seems more difficult to find good coins these days, somehow you'll be able to see all of those once you're there in their trading environment.
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August 22, 2019, 09:34:14 PM
 #8

The most important thing to consider is safety, not fees. I trade on ecxx because it is located in Singapore (the Switzerland of Asia), is backed by a 44 million dollar investment round, and uses Ledger Vault cold storage.
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August 22, 2019, 10:36:45 PM
 #9

I'm a newbie trader and want to exchange my alts. All I know is binance and changelly. In my opinion, binance is too scummy. Changelly seems to be good but they take 0,25% fees and I want to pay less. Can you recommend me a good crypto exchange?
Don't be bothered by those news that Binance has been hacked if that is the reason why you think Binance is to scummy. When they we're hacked they admitted and users we're not affected. They we're able to maintain or keep their spot the list of top exchange sites. If its fees that you are looking for, Binance has the lowest if you use BNB token to pay for the fees.
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August 22, 2019, 10:57:14 PM
 #10

I would recommend binance as better exchange to trust nowadays, for sure you won't regret what you've been aiming for. Although it seems more difficult to find good coins these days, somehow you'll be able to see all of those once you're there in their trading environment.
OP wants to exchange his altcoin to bitcoin. He doesn't interested to inveat in any of altcoin atm i think. He complained on here because the fee on changelly is higher than he expected.

The most important thing to consider is safety, not fees. I trade on ecxx because it is located in Singapore (the Switzerland of Asia), is backed by a 44 million dollar investment round, and uses Ledger Vault cold storage.
Never heard about that exchange, if you are talking about safety, i would go with top exchanges like Binance or OkEx
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August 22, 2019, 11:12:14 PM
 #11

I'm a newbie trader and want to exchange my alts. All I know is binance and changelly. In my opinion, binance is too scummy. Changelly seems to be good but they take 0,25% fees and I want to pay less. Can you recommend me a good crypto exchange?
You may try using Hitbtc which charges only 0.1% of fee if you just want to exchange your alts. However, if you want to trade regularly, it's worth to pay 0.25% to Binance due to the fact that they have a huge volume of traders and their chart tools are very user friendly. I'm not biased with Binance but so far I've seen no problem on it. 0.25% fee isn't a big deal if you take profit using their platforms more effectively than other trading platoforms.
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August 22, 2019, 11:20:36 PM
 #12

I'm a newbie trader and want to exchange my alts. All I know is binance and changelly. In my opinion, binance is too scummy. Changelly seems to be good but they take 0,25% fees and I want to pay less. Can you recommend me a good crypto exchange?

First I want to know what is the name of your altcoin? To know if this altcoins are listed on Binance exchange because not all altcoin are listed on Binance only project that have a real product can be found on Binance.

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August 22, 2019, 11:33:00 PM
 #13

I'm a newbie trader and want to exchange my alts. All I know is binance and changelly. In my opinion, binance is too scummy. Changelly seems to be good but they take 0,25% fees and I want to pay less. Can you recommend me a good crypto exchange?
There are lot of exchange site on there, just like livecoin which on my signature.
Lesser fee doesn't mean that's a trustworthy exchange, you should thinking about lesser fee or your funds will be safer, it's so stupid if you choose any exchange only because of their fees.

Choose any of exchange you want on here  https://coinmarketcap.com/exchanges/volume/24-hour/  anyway, livecoin ranked on 85th with $21 million USD daily volume trade, it's still good, isn't it?
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August 22, 2019, 11:43:42 PM
 #14

I'm a newbie trader and want to exchange my alts. All I know is binance and changelly. In my opinion, binance is too scummy. Changelly seems to be good but they take 0,25% fees and I want to pay less. Can you recommend me a good crypto exchange?
I have used Binance before and didn't find it too "scummy". Well it has been ages since I last used it, so who knows it might change. But I do remember, heavy graphs or exchanges did cause a bit lag on my computer, but nothing big.
I would suggest you to stick with Binance for now since they are well know in the community. Picking a random casino might just cause you to lose everything.

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August 22, 2019, 11:55:34 PM
 #15

I would recommend binance as better exchange to trust nowadays, for sure you won't regret what you've been aiming for. Although it seems more difficult to find good coins these days, somehow you'll be able to see all of those once you're there in their trading environment.

Good to hear nice feedback from you mate, yet upon reviewing binance recent activities on trading I think more positive ideas can be learned. Hopefully other people won't be diverted by other new exchanges just for promises.
Once we choose better exchanges it should be based on years of operation and reputation, which I believed binance really have that factors to consider.
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August 23, 2019, 12:51:47 AM
 #16

Good or not, only us will know. In this point, I suggest you to signs up to many exchanges, send some money to deposit, try to trade, what your feeling to trade in each exchange. After that, you will know which is the good exchange to trade because good exchange for one person will be different than the other people.

You need to find out for yourself and don't use other people's suggestions. If you prefer with Changelly, then you should use them for trading, and stick with them because the site can give you the advantage more than the other website.

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August 23, 2019, 01:11:10 AM
 #17

I'm a newbie trader and want to exchange my alts. All I know is binance and changelly. In my opinion, binance is too scummy. Changelly seems to be good but they take 0,25% fees and I want to pay less. Can you recommend me a good crypto exchange?
I don't agree with your point I think you're talking about Binance without knowing anything Here have been trading for a long time but still have not realized any problem think you need to know about Binance Because not only am i naive people advise in the corner to use it. I don't recommend Changelly.

You have any prof Binance is scummy so showing now, we want to see this!
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August 23, 2019, 08:09:18 AM
 #18

Been using Binance until now for exchanging my altcoins. So far so good. But if you have doubt on it, you can try some alternatives like OKEX and Coinbase. Or if you are bothered by the fees.
Here, check it out my post.

https://bitcointalk.org/index.php?topic=5172926.msg52085000#msg52085000

It shows the comparison of the corresponding fees of different exchanges. If you are bothered with the recent hacking issues. Most of the exchanges experienced that. Binance took the responsibility and give back the hacked btc to the users who were affected.
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August 23, 2019, 08:37:54 AM
 #19

I'm a newbie trader and want to exchange my alts. All I know is binance and changelly. In my opinion, binance is too scummy. Changelly seems to be good but they take 0,25% fees and I want to pay less. Can you recommend me a good crypto exchange?
Use binance to convert or exchange your altcoins because where you can get better price compared to anonymous exchanges like changelly and also trading fee is only about 0.1%.Can you let me know why you think binance is scammy?
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August 23, 2019, 01:08:36 PM
 #20

Every exchange is not perfect, Binance could be scummy but we can't deny that it's the most popular exchange in the market right now.
If you are looking for big number of pairs and a good volume, Binance would answer that, but if you are afraid of your KYC to get leaked, you should look for another exchange, there's a lot of exchange in the list actually, try to find here https://coinmarketcap.com/rankings/exchanges/ and study carefully every exchange you like before consider using it.

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