Is it safe to exchange big amounts?

[btc_love]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

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[javainn]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

I suggest using an exchange such as binance when doing large amounts. binary has proven to be the most popular and secure exchange for transactions. because if you use an exchange that is only designed for small transactions will only waste time and increase your fees

[chanc3r]

Yes for shapeshift and it's not for changelly because it needs manual confirmation. They are designed to able maintain any service but the reputation between shapeshilft and changelly are different.
It's the safe place to exchange your crypto on binance and another exchange site that can be considered as a safe place like binance just like kucoin. I have exchanged a lot of money use kucoin and i never got any problem and overall it was giving the best service.

[Korkorjkk]

When you have a huge amount of money, it is better you do the transactions on a more safer exchange site. One that is more trustworthy and a lot of people trade there. At least you know your money will be safe.

[eternalgloom]

I wouldn't use Shapeshift for larger amounts, even if you've provided KYC.
I personally use Kraken for anything above 1k USD, never had a problem with them and their support is extremely good.

[Ucy]

Check out changelly FAQ on related question: https://changelly.com/faq#what-is-the-maximalminimal-amount
I think you could exchange large amount without problems. But I would suggest you split your funds in different parts just in case something unpleasant happens. I guess unpleasant things rarely happen on the exchange otherwise it would have a bad reputation in Crypto space.

[poornamelessme]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

What is your definition of a 'big amount'?

If we are talking about tens of thousands or more, I'd suggest a larger exchange, binance, coinbase, etc. For places like shapeshift, I'd say go for small swaps only. Besides minimizing risk, breaking up the orders probably makes the most sense anyway -- that way the price you get may be better. Too large a buy or sell on a place like that, where the final price isn't guaranteed, could result in under market value.

[tycsols]

I would recommend a face to face deal with local exchanger where you can physically visit the exchanger transfer the coins to his wallet address and then take the local cash with you personally i follow this procedure when i need to cashout big enough money but everyone has his own choice and now their are many exchanges and apps that can offer withdrawals in fiat directly to bank accounts.

[Bountyhonter]

Yes it's safe to trade huge assets on non custodial exchanges if it's a top exchange like binance, Coinbase, luno and the likes.

[lixer]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

I don’t know about these exchanges that you mentioned because they are not popular to me, and I don’t think they will have the volume that is needed for you to have a large trading transaction. You know that binance is a big exchanges already and I think that it is best to just use big exchanges like binance for everything you want to do since they are reliable and they are also cheap when it comes to fees.

It would be best you trade in an exchange that has big volume, so that it can be able to accommodate any amount that you wish to use. I think there are also other large exchanges that are designed for large transactions such as coinbase, kucoin, bittrex and so many other exchanges, except maybe you just want to give these exchanges that you mentioned a try.

[dcomomal]

It is safe, but you need to find the right exchange. I would not recommend to get outside top 5 exchange by searching. Binance, Huobi and Okex are my favourite exchanges, that I can recommend for safe exchange of any amount.

[AndRE177]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

Never deposit large amounts of money on one exchanger, even if he has a great reputation. If your money is not stolen, the exchange may block it and ask you to provide documents confirming their origin. Even if you have earned money honestly, do you need extra trouble?
Therefore, divide your money into pieces of not more than 10-50 thousand dollars and withdraw them.

[passwordnow]

I wouldn't trade big amounts on changelly, I traded there but with minimal amounts but if you want to feel safer, go with the larger exchange as given like Binance.
If it's for bigger exchange, I'll choose Binance and other known exchanges where I can complain if I experience a fault.

[lizarder]

I think it's a bit risky I once read a post on reddit, the person who made this post exchanged one of those exchanges with a sizeable amount of $ 20 K + but because at that time the exchange was in error, this person's assets were not sent to his wallet, but when the exchange it has been fixed, the exchange did a refund on his assets, it's just that from the case I think is not feasible if we make large transactions on exchanges like them.

[masulum]

Recording transaction, zero trading bot, easy to contact support is the most important things if you want to trade using big ammount. Reputable exchange may will safe your money carefully. But, as other people suggestion. dont sent all of your money on one bucket, so if something error happen, you dont lost all of your money.

[whyrqa]

It isn't safe, i think. You should use bitfinex, okex, bitmax and Binance exchange. It isn't about big or low amount. Here shapeshift is safe but without top exchange you shouldn't deposit big amount.

[MonsterV]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

I don't know how big of a big amount you mean, if it's really big then I don't recommend using an exchange like Changelly because customer service there is still less than an exchange like binance, so it would be risky if you have a problem with your big amount.

It is better to choose your last exchange option, which is binance, binance already has good enough trust here and customer service is undoubted.

[glendall]

most people would prefer a big exchanger, even if it's classic like binance,
Why? because when there is a hacker attack, the company can compensate the funds that have been taken from the hacker,
This is the advantage why we have to choose a big exchanger, and I'm sure a big exchanger must have funds for unexpected events.

[tranduong123]

Centralized exchanges are still being attacked by hackers, even Binance has been hacked this year. But they had a contingency fund for that. So I think If you trade on the top big exchanges you will be safe.

[alan2here]

Centralized exchanges are still being attacked by hackers, even Binance has been hacked this year. But they had a contingency fund for that. So I think If you trade on the top big exchanges you will be safe.

Big exchanges have strong financial potential and they always have a huge investment fund to support all their customers so if you choose large exchanges you won't have to worry too much about Hacking problem. I have been in the Binance exchange for the past 2 years and everything at this exchange is very stable and I believe that If you are a new investor, you can join Binance exchange in the safest way

[ShowOff]

According to my experience it is safe, but among those exchanges it is the safest for a larger exchange. We recommend that you don't store assets in one exchange, as the saying goes, to be safer not to put eggs in one basket. Trade assets across multiple exchange such as Binance, changelly, Huobi, Bittrex and others.

[Pelana vreo]

trading in a centralized exchange that has a large trading volume is good, but for security issues, there is no guarantee that all systems will run 100% safely, after you trade on any large exchange, you can save your money or buy stable coins or buy Another altcoin with a large amount and keep it in a cold wallet.
To see a large trading volume on each exchange, you can visit coinmarketcap

[Saisher]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

There's a lot of accusations about Changelly, on the scam sections better check it, you might encounter problems, and I don't recommend exchanging big amount right away if you have not yet done an exchange on that exchange, you should only try a small amount, and research for reviews.

[BennyK]

It is safe to exchange any amount provided the trader makes all the necessary checks in order to ascertain the correct receiving address. This is necessary because a verified transaction is apparently irreversible hence cross check on the receiving address and once the trader is through with this, any amount can be sent intact.

[ethereumhunter]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

The answer will be no way. If you want to risk your money, then you can go ahead but if you are getting a scam, don't blame other people because you make a mistake.

It is not safe to send a big amount to any of exchanges because we don't know if they can protect our account or not. Although they can, it still not recommended to save that money in the exchanges. It is better to save in your private wallet and only uses some amount to trade in the exchanges. Binance still safe until now, many people recommend to use binance, and I guess you can use it too like them.

[maxreish]

I do think there is no problem with exchanges like Binance when you are going to exchabge big amounts there. But if you have high doubts, why don't you divisede the amount into two or three transactions to further be sure that something will not have any problem at all. Though I do trust the said exchange but the hesitations exists especially when we are engaging huge amount of funds here. Or maybe you can actually send message and ask question to their support before proceeding to your plan.

[fortunecrypto]

How big is that big amount, if it is hunred of thousands then I advise you to go for a trusted exchange like Binance or Kucoin, and not a noncustodial site like Changelly if you are going to exchange a few hundreds you can proceed, but Changelly has a lot of bad reports be sure you are doing a research on that two exchange.

[meanwords]

If you really have large sum of money, I recommend that you use Binance. That's the most reputable exchange that you can get out there. If you don't want to trade there for some reason, try Poloniex, it's a trusted exchange and have great volume too.

The more reputable an exchange is, the better.

[TheUltraElite]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

Neither of the two are really safe if you ask me. But comparing these two options the first list ones nowadays ask for KYC for larger exchanges and might even stop you from taking your money out if you dont give them your KYC. I still remember those days when we cloud easily exchange coins at market price using SS but I have stopped using it long since then.

The safer alternatives would be to sign up on an exchange that uses your local currency for fiat and get yourself verified there with a spare bank account. Be sure to check the exchange first about problems face by users and all. Another option is to go for p2p trades but always use a trusted escrow there specially if you are doing a big volume trade.

[efxtrader]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

If you want to trade with a large value, you should use exchangers who already have a good reputation such as Binance or Huobi or other large exchangers. I think the transaction fee that we pay is also small, besides that I think it's safer

[stfN2128]

First of all we have to know how do you exactly define "big amounts" ? For some people a big amount is 200$ for others 10k $ aren't really big I personally avoid such services as much as i can cause fees are way higher compared to the most exchanges. yes its easier, but if you really exchange big amounts you can save a lot on fees....

[gunhell16]

better go to high-rank exchanges to be safer.
But you also need to remember that safety is not just about the exchange!
You also have the part of it to make if good transaction.

[Lantind]

Using binance exchange in classic mode is safe, because the classic mode is only for display only and the mode is very helpful for those who use devices with low specifications, so there is nothing wrong with the classic in binance, you are still safe to use it, both exchanging in large or small quantities.

[mika11]

binance is very safe, so use

[trauchot]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

If you want to exchange huge amounts for cryptocurrency or for fiat money, then of course to protect yourself and your investments, then of course it is better to use popular exchanges where volume is much larger and safer you can do exchange, so you can look at different cmc top exchanges and find for yourself a suitable exchange where you can make an exchange without problems and be satisfied that you have chosen the exchange with the top volume.

[robelneo]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

Before using Changelly you better read this https://bitcointalk.org/index.php?topic=5034589.0 it's not the only one, there are at least 5 reports about Changelly don't exchange large amount here, better to be safe than sorry, there is are much better and trustworthy exchanges like Binance and Kucoin but you need to undergo KYC for exchanging big amount.

[cytpoway121]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

I do not think there is a problem  exchanging big amounts on Changelly or shapeshifts as long as you are able to handle the charges and also have a cold storage wallet to send the coin to

[CryptopreneurBrainboss]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

From my experience, It's not safe to exchange big amounts via any type of exchange be it Non-custodial or custodial. I prefer exchanging in batches, you might never know what could go wrong at any given time. Exchanges like Binance could be tagged trustworthy but they're not immune to hacks or phishing sites etc. Same with the Non-custodial exchange like the ones you highlighted in the OP, they too have their flaws.

The fact that your device too can be infected with malware with the ability to changed bitcoin address is still another reason not to trust any service provider with a one time big amounts fund.

[Dilladupak]

if I believe that binance  exchange is also still safe if you do more of your assets in it, because I also believe that it's still safe you can benefit in Altcoin trading.

[De4ted]

I think its more better to use well-known exchange wether its small or large amounts so you wont have doubts on your money at least a reputable exchange will be more actively respond to your problems because they dont want to lose their reputation.

[dirgayeah]

I can't guarantee that bro. Even biggest exchange like MTGOX finally got destroyed and being scam. Just save your fund on the wallet which is privete key in your own hand. So no more feeling worried.

[Tipstar]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

They could be. But it would be wise to do exchange in batches than a large sum. Not because the security or legitimacy of the exchange but also for not attracting unnecessary attention. When you are exchanging something above 1BTC, the fees would be nearly similar for a 10BTC transaction and 10 1BTC transactions. I'd not bother to split any transaction below 1BTC.

[Greatchu]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

If you tend to exchange bigger amounts like over 1btc i'd suggest you use biggest exchanges like binance,okex,huobi etc,i actually trust changelly though but the highest ive excchange on changelly so far is 2k dollers worth of Eth to bitcoin and the transaction was a success with no delay

[Perfect35]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

If big amount us what you can afford to use and to lose, then why not? If it is also small amount you can go by, you should, but do not because people are convincing and luring you, then decide to change your mind in doing otherwise.
Yes, it is truly volume is needed on decentralized exchanges or other CEXes that seem to be small, but one should try as much as possible not to be used as bait.

[Ridwan Fauzi]

I can't guarantee that bro. Even biggest exchange like MTGOX finally got destroyed and being scam. Just save your fund on the wallet which is privete key in your own hand. So no more feeling worried.

I think the OP has mean to exchange the money into fiat or to another cryptocurrency which is mean he needs a third party to do it. I just got your point that the OP will safe the fund to long term investment and he should choose hardware wallet to save them, right? But it doesn't OP mean.

For OP, some people above me has gave a right path to do what you want, just use reputable exchange and you will comfortable when you move your fund. Don't try to choose unknown exchange I mean an exchange who have no known well by most people on this forum because just 30% your money will safe.

[cuo]

If you ask about security, many large exchanges have a high level of security but can still be broken, so I think thats not good if save assets in the exchange. I don't blame certain exchanges, just in case, of course preventif is better.

[r32godzilla]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

If they do not have limit, then you can process your transaction. If you do not trust them, then do not do it. But both company belong among the largest cryptocurrency exchanges, so where do you get that they are designed for small transactions?

[Coltpython]

All it takes is one errant staff to intercept and decide to steal your funds if it is really large. Why not send it in batches over a series of different exchangers instead of using only one at a go. Those exchangers might be safe but you never know. Best to be on the safer side with your money

[VDraci]

If you have no problem with KYC then you should use exchange like binance or kucoin but if you don't want to go through KYC process then use changelly,all you have to do is trade in batches,if you want to trade lets say 10k usd worth of BTC for other coins just trade by 2k repeatedly

[poketis22]

At the expense of whether it is possible to exchange large amounts on the above exchangers, I can not say anything. But on the account of the binance exchange I can say for sure what is possible if you have a verified account. Indeed, in case of any problems, the exchange will reimburse you all the funds. Also, binance specifically goes to meet users, for usa they created a separate exchange on which only tokens that are allowed by the USA government are supported.

[zulfi125]

You can exchange any amount from Changelly but I uggest don't exchange big amount you should exchange in parts and shapeshift is not popular conversion website as compared to Changelly, You should exchange altcoins from Binance if you're not comfortable with changelly or shapeshift.

[mr_random]

I think its more better to use well-known exchange wether its small or large amounts so you wont have doubts on your money at least a reputable exchange will be more actively respond to your problems because they dont want to lose their reputation.

Well said, the reputable exchanges will be able to solve any problem quickly and their support team is always responsive. The money related movements should be checked dobule times before executing it. Well-known exchanges are my priority choice than risking my hard-earned money with the small exchanges. For small amounts, big exchanges will not risk the year's reputation in my opinion.

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

If they do not have limit, then you can process your transaction. If you do not trust them, then do not do it. But both company belong among the largest cryptocurrency exchanges, so where do you get that they are designed for small transactions?

KYC is essential for the big amounts and Shapeshift management keep the right to ask the source of the funds if they see the suspicious transaction from the same IP address from my experience. That's why using the bigger exchanges will be more acceptable by the majority of the traders with considerable knowledge.

[Emilyp]

Always try small amount of money first for shapeshift, I haven't done large amount highest transaction I've done is a thousand dollar I wouldn't know but try using big exchange for that.

[rdewilde]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

I always tell my friends that when issues of money arises, that we should be careful and explore as much options as possible especially in this crypto space. Now talking about big amounts, in my own opinion, the best way to exchange such is via major exchanges where you have securely protected your accounts, and on of this major exchanges is Binance. For changelly etc, I would suggest you use them for small amounts while for big amounts try major exchanges; but preferably major exchanges are the best for any type of crypto exchange.

[2tang]

I suggest if you are exchanging a large number of btc,it is better to choose an exchange that is known to be able to serve (respond) to problems quickly.Currently Binance is a favorite of big traders.It's not wrong if you join Binance, they have a pretty good reputation,even the famous Binance serves a problem very quickly.never trade,invest in new exchanges or don't know many people.

[Kemarit]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

There's one case here:

(https://www.reddit.com/r/Monero/comments/9cqmm2/do_not_use_changelly_they_steal_monero/) and

(https://www.reddit.com/r/shapeshiftio/comments/7qijch/shapeshift_stealing_coins/)

There's is always risk here, specially if you don't have the private keys. Better use trusted exchanges like Binance. At least they are transparent and if you have issues with them, you can make a noise on their twitter account.

[dentolas]

personally I wouldn't risk it with changelly or shapeshift. I always use binance or similar reputation exchange. There is always some degree of risk and you should limit it the best you can...

[irixo10]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

The best advice and probably the one which will save you a lot of unforseen circumstances is by trading or exchanging your crypto assets no matter how small or big on prominent exchanges of which Binance is one of them. The reason for this is, in case of any issue you can easily access the customer care to work on your issue, and also with Binance being a major exchange they will always ensure all activities are adequately taken care of. Thus, visit Binance and exchange your assets, if you are not a kyc fan then exchange in batches less na 2btc.

[Azuliand]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

When you have a large amount , it is better to trade on larger exchanges by type binance , most likely you will have to pass kyc at this exchange , as they can block the withdrawal , I have been many times when I withdraw funds starting at$ 100,000

[EdenHazard]

I wouldn't use Shapeshift for larger amounts, even if you've provided KYC.
I personally use Kraken for anything above 1k USD, never had a problem with them and their support is extremely good.

A large transaction must be done in a large exchange with high volume just to make sure you won't get hurt to get low price.

There's a lot of well known exchange such as kraken , binance, coinbase and bitstamp that's what I'd recommend,  shapeshift is indeed prefered for small transactions.

Especially for me personally I've got bad experience using shapeshift last year before the kyc requirement, the support that time seems so slow solving my problem causing me losing some value.

[upyem2k]

It is safe inasmuch you do not leave your fund for too long on the exchange you do not trust that much. Send your coin to the exchange only when you're set to sell and ensure you withdraw back to your wallet immediately after trading. 

[Wipangga]

yes of course for me it is also safe if you determine a good exchange even though you are with more capital, for me it will also be safe you can exchange your coins and tokens in an exchange that has good development.

[Brunus]

If you have large volumes to trade, obviously you are rich and I congratulate you.
Let's say that it is better not to make suspicious transactions that could attract the attention of government agencies.
It is not clear what is illegal or not, but better not find out in front of a judge ...

[TwSeventh]

If we are talking about probability and safety, we can say. Doing the trade on a classic or non-custodial exchange is safe as long as you are using a reputable one.
but holding it on there is a different matter because it is extremely unsafe to do that. And there are limits on a different exchange, some of them support a high-end transaction and some of them not.

[inoes]

All according to your needs, an Exchange like Changelly / shapeshift is an Exchange that places a certainty on fast transactions, and prioritizes account security with a good exchange rate. suitable for those of you who need quick access. But I prefer to use Binance / Polo / Bitt. they have been tested and have a clear address

[Maxre]

I more often do transactions to make large withdrawals using local exchanges because if there is a problem in transactions in my country there is an office address and it is easy to verify it, in contrast to binance or other large exchanges if there is a problem it will be difficult to solve it.

[pakdemaco11]

I guess if you trade in large amounts of binance it's safe. binance is the biggest exchange in the world and they have a very good reputation. the team also has a very clear identity.

[Kimonoe]

I more often do transactions to make large withdrawals using local exchanges because if there is a problem in transactions in my country there is an office address and it is easy to verify it, in contrast to binance or other large exchanges if there is a problem it will be difficult to solve it.

indeed, if we trade at a local exchanger, we have the advantage that it can be directly converted to fiat and directly transferred to a bank account, so we only need the fee once. different from binance, where we have to transfer to local exchange, then withdraw it, so that it suffers from double fees. but unfortunately the local coin exchange is not as complete as binance, so I guess it depends on our needs. and binance is a safe exchange even though we trade in large numbers

[indah rezqi]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

The level of security is different in my opinion. Every exchange can be hacked. There is an exchange that serves when the incident occurs. Binance is so far safe. However, we still need to be careful with storing important personal data.

[SquallLeonhart]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

I do not think there is a problem  exchanging big amounts on Changelly or shapeshifts as long as you are able to handle the charges and also have a cold storage wallet to send the coin to

No matter how reliable that you think the exchange will be, it is never safe because you didn't know the team behind it personally, and it is easy for someone to get compromised over a big amount of money to small one, imagine you have an exchange that you have been using, and all they have seen at once is 1000 bitcoin from different users, and then one day, they got a transfer of 100,000 bitcoin, do you know how much that would be, and do you know that they are okay with that profit and does not even need to work anymore for profit.

It takes a responsible person not to get compromised on a big amount, and I don’t actually know these exchanges too well for me to advise you right, but all I can say is that change your money batch by batch when you are doing that.

[Enzo05]

I only exchange in changelly if the amount small but when it comes to big amount I don't risk to it. I prefer exchanges like binance or bittrex.

[Pamadar]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

The level of security is different in my opinion. Every exchange can be hacked. There is an exchange that serves when the incident occurs. Binance is so far safe. However, we still need to be careful with storing important personal data.

With the amount of your invested money, it's very needed to be more extra careful since even the one we love to use for exchange/trading can be hacked by those people who got a huge knowledge working with this kind of illegal acts, there's no safe place if you are not careful enough with your money, you need to be more strict when you are using any particular place to deal with your exchange activities be very careful with your assets.

[Leonardo7]

I will rather use a centralized exchange that I understand it mechanism well. Use a trusted exchange and avoid exchange like  bitebtc, and avoid the one with too much withdrawal fee, and not requiring KYC for the amount you are about to exchange.

[tadpole_bitfrog]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

Yes, for the security of your account, you should trade at Binance. because there they have many different functions, such as Stoploss and loaning if necessary.
There, you also won't worry about security, because from early 2018 until now, no account has lost money at Binance exchange.

[nutriagrigia]

I will rather use a centralized exchange that I understand it mechanism well. Use a trusted exchange and avoid exchange like  bitebtc, and avoid the one with too much withdrawal fee, and not requiring KYC for the amount you are about to exchange.

many people did not know that BiteBTC would be a scam. and many lost their money there as I did. but also we cannot be sure of many exchanges that exist now

[ariyzt]

Even that on big exchange and most trusted exchange like binance it not worth and not safe to safe your money there.
you won't know the times hacker do their evil activity. like some case big exchange got hacked and failed to recover their costumer money. so better save on hardware wallet

[mr_random]

My advice before making a big exchange is to make sure the market is always active, and record trading transactions that are not in the form of bots in it, clear information and support that is important in every major exchange, a good binance and a safe exchange, try not to trade. One-time transaction, if there is a mistake then you will not lose all the assets that you have

If there is a fat finger syndrome on the trader, comparing the exchange rates and liquidity will not help that person. Actively traded markets are usually turned by the trading bots and there will be always fake trading volume generator bots in the small market cap altcoins. Major exchanges are my preference and I ask the same questions related to the low volume exchanges with no liquidity altcoin pairs. Iliquid market conditions will unquestionably lead to the volatile market prices which is dangerous for the new traders without a decent experience. Binance altcoins never get a flash crash price bar on any chart during the trading these altcoins actively on Binance exchange.

[puremage111]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

I would say judging from their reputation they built over the past years
They won't ruin everything they built from scratch by running away because they could make more off it in a long run

The only risk is that if you are afraid that during the transaction period, their network/server got hijacked which caused the lost in coins
I would say only exchange the amount you are afford to risk because Crypto is meant to be control/access by only the private key owner
If your coins are not under a wallet that you had access too, there's always a risk

Good luck!

[taufik123]

Large funds as much as what you want to exchange. Binance is the best exchange at this time in my opinion, because I use binance for all my transactions. Binary security is getting better and stronger from hacker attacks. if you use an exchange that only supports a small transaction, it will waste the fee, because it will be broken up in several transactions according to the maximum transaction they set.

[letyouearn]

Use strong and famous exchanges, don't try making experiments with your money on noname platforms. If you hesitate when watching an exchange, make your own research, check how popular it is. And also check the volumes - what sums other people use there.

[taufik0911]

Even that on big exchange and most trusted exchange like binance it not worth and not safe to safe your money there.
you won't know the times hacker do their evil activity. like some case big exchange got hacked and failed to recover their costumer money. so better save on hardware wallet

yes I also recommend binance for large exchange because binance has a special way to anticipate from hackers and back up the funds in the main wallet binance
at least binance is one of the most trusted exchangers currently backing up funds

[coin-investor]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

It depends on how big amount, but if you are going to make a trade, better do it in a reputable exchange, to avoid any error that may arise, or you will have an option, to divide your funds and not only do it on one exchange.

Since you are a newbie, you should do a lot of research, you made the right decision to post your concern here I hope all our answer satisfy you.

[Galley]

The best option is of course the use of leading exchanges, with a large turnover and has established itself as safe and reliable. For myself, I opted for Kucoin and Binance exchange.

[sana54210]

All according to your needs, an Exchange like Changelly / shapeshift is an Exchange that places a certainty on fast transactions, and prioritizes account security with a good exchange rate. suitable for those of you who need quick access. But I prefer to use Binance / Polo / Bitt. they have been tested and have a clear address

I think by now, everyone should still know that binance are too big to scam, and I have never seen that big amount that a user would transfer that would ever make them compromise, their profit base a lot in enough to feed some states for the one year, so I would confidently say that they are quite very safe to use.

We still have some of the local exchanges too that I have been using for my transactions, and I think I have transacted big amount to my own capacity of LUNO and the trade has been a successful one, they have never disappointed me and has never for ones chested me, so if local exchange LUNO is in op’s country, I think he might as well try that out also, difference between them and binance is just that they don’t trade fully, I think.

[2Kool4Skewl]

The best option is of course the use of leading exchanges, with a large turnover and has established itself as safe and reliable. For myself, I opted for Kucoin and Binance exchange.

Definitely, you need to use only the most respected and large exchanges. But I would advise you to cut large sums of money.

[Rahman11]

You can exchange your crypto assets with reputed exchangers, i know about some good reputed and trusted exchangers where you can exchange medium amount of crypto assets without any hasitation! bitforex is one of them.   

[ezeobulu007]

Well, that totally depends on the exchange you want to use.
My advice? Make extensive research before making use of any exchange especially the centralized kind, they are usually prone to getting hacked.

[landoffaucets]

What is a big amount of cryptocurrencies for you?
100-1000BTC? Then try to trade on the OTC market. OTC market is for big players.

[Flux0z]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

Reading this makes me SO confident in Decentralized Exchanges, who's gonna take over soon.
Nobody should be worried when dealing with crypto, but with all these exchange hacks, phising attacks, and various scams out there, it's no wonder people are scared of losing their funds.

What if you could trade instantenously, while being in 100% control of your private keys and funds all at the same time? Take a look at Stakenet, and what they do with Lightning Transactions, it's truly a game changer.
I know I'm gonna sound like a stupid "shill" just wanting to promote the project, but do your own research man.

On-chain, Bitcoin is capped at 7 tx/sec. The more activity the network sees, the slower transactions become.
As it grows in value, fees increase as well.
Lightning allows for a theoretically unlimited number of transactions at near-zero fees, but it has seen stagnant growth because there's little financial incentive for individuals to adopt it on their own.
XSN's solution involves using its decentralized MN network and the collateral locked in them to rout payments, act as watchtowers, and provide a ton of liquidity for transactions.
This will bolster Lightning without centralizing it.

As XSN is inflationary, the supply will slowly increase over time and allow more masternodes to participate.
With this design and approach, BTC will be able to scale and take on much heavier workloads without hitting any major bottlenecks down the road.

Additionally, XSN's masternodes are going to use lightning to restore some of BTC's inherent privacy and anonymity that was compromised by CEXs and KYC.
By embedding TOR into the network and implementing lightning atomic swaps, anyone will be able to instantly and privately swap a wide variety of coins without ever having to send them somewhere that is out of their control. This will greatly minimize the need for businesses that accept crypto to adopt 10 different types of coins as so many of them can be instantly swapped into BTC.
Imagine a standard Bitcoin qt wallet with an extra tab that offers everything that a full scale exchange has and you have the essence of Stakenet.



I'm a huge fan of Lightning, but don't like the centralized part of it - Seems like Stakenet got a solution to make it Decentralized, which is pretty damn cool.
The project aims to enhance the user experience of BTC and LTC payments with their upcoming dApps like their Lightning DEX, and Multi Currency Lightning Wallet.

What are you guys thoughts on this? Honestly if crypto ever goes mainstream, you'd be waiting WEEKS, if not MONTHS for your BTC and LTC transactions to arrive, which is simply not sustainable, let alone the increasing high fees.
I know there are crypto alternatives like NANO, but BTC will play a HUGE role in crypto moving forward, and needs to scale properly.

[key4co.in]

I've actually used both shapeshift and changelly to exchange big amounts. But in your own case, it actually depends on how big the amount is, for super large amounts, please use highly reputable exchanges like Binance, OKEX, HUOBI, KUCOIN with huge trading volumes and quick withdrawal.
 

[Shallow]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

Am not a fan of all these exchanger like changelly, that's my choice and am entitled to it. To be frank, to answer your question I think it's better you exchange any big amount in prominent exchanges like Binance and the likes of it, so that if any issue will arise you will be able to contact the neccessary customer service ASAP. Also, their community is large and you can get easy response from experienced members. However, if you don't want to be verified, that is kyc you can be exchanging your assets with a daily limit of 2btc in exchanges like Binance, Bitmax etc.

[PuertoLibre]

I've actually used both shapeshift and changelly to exchange big amounts. But in your own case, it actually depends on how big the amount is, for super large amounts, please use highly reputable exchanges like Binance, OKEX, HUOBI, KUCOIN with huge trading volumes and quick withdrawal.
 

Shapeshift can require the individual documents for passing KYC in case of big amount more than $2000. In other meaning, they can block all operation with your account if your documents don't comply with their system. It is better to use the high volume exchanges for bigger amounts. For exchanging the huge amounts, the well known exchange is essential after completing the anti-money laundering and know your customer requirements. For the small exchanges, diversifying the portfolio among them is smarter than risking all balance in the single exchange.

[Bananington]

I will strongly advise for very huge amounts, make use of the exchanges with big volume and also high security. Changelly and Shapeshift are OK, but for average amounts.  This doesn't mean I don't use Changelly or Shapeshift, but that's when I need a swift transaction, when I'm in a haste. 

[Chuky92]

No matter the amount whether big or small, I will always recommend you use major exchanges without issues; at least there are those where you can exchange your desired asset without going through KYC although there are limitations in withdrawal. The reason for major exchanges is owing to their reputation which they always try to maintain and response to unforeseen delays should it occur.

[Genkotsu]

it's a relative condition, but important point when you trade in exchange with big amounts you must choose a trusted exchanger and  if things happen that we don't want,and choose exchange with high liqudity if sometime something happens with exchanger like exchange are hacked the exchanger can refund our money

[Distinctin]

it's a relative condition, but important point when you trade in exchange with big amounts you must choose a trusted exchanger and  if things happen that we don't want,and choose exchange with high liqudity if sometime something happens with exchanger like exchange are hacked the exchanger can refund our money

Also, it's necessary that you get verified in an exchange and complied the KYC requirement, that way, you are more secured when unexpected things happened. With the total trading volume of our combine exchanges now, even millions of crypto, you can easily exchange that, but like most people said here, choose the best exchange which has a good reputation.

And it's not hard to find it, just check the list https://coinmarketcap.com/rankings/exchanges/ and review each exchange.

[tabas]

I've actually used both shapeshift and changelly to exchange big amounts. But in your own case, it actually depends on how big the amount is, for super large amounts, please use highly reputable exchanges like Binance, OKEX, HUOBI, KUCOIN with huge trading volumes and quick withdrawal.
 

Changelly works easy for me but I don't want to entrust them with huge amounts that I trade. Going to the safer exchange would be my choice and if you have a good experience with them, this is reasonable for you to trust them.
But that won't change my mind.

[dongosquad]

You should do the transaction in stages. Quite risky if you directly trade in large numbers on an exchange that is not compatible. For better and safer service, my advice is to use another, more trusted exchange, like the advice of other members.

[reality18]

Exchange wallet addresses are not permanent wallet addresses and even with time as the exchange platforms undergoes maintenance, these wallet addresses are changed. Exchanges are subjected to hacking and once funds are kept there and user has no access to seed phrases and other keys, the wallet is not 100% secured. It is always good to withdraw funds to permanent wallets like Ledger Nano S, MEW etc after trading on the exchange.

[CBANX Ltd.]

If the exchange you are using has strong encryption and security firewalls then it will be easy to trade the amounts besides its size, exchange platforms like CBANX offer OTC desk for the bulk transaction with complete transparency and privacy.

[Samboo]

You must be very careful while trading on exchanges as some exchanges are created only to scam traders and investors. It is better to trade on reputed exchanges like binance, kucoin, coinbase, bittrex etc. You must research before trading on any exchange.

[lienfaye]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

Reading reviews about the particular exchange can help you to decide whether its safe or not.

I dont have experience with the exchanges you mention but If I were you its better to entrust your funds in reputed exchanges to make sure your money is safe.

[pandanaran]

if you want to make large exchanges, I suggest you use trusted exchanges such as Binance or KuCoin, they have security stability, some of the functions they offer are very convenient and easy to use. I don't think the cost is too expensive, because the most important thing is security and comfort in large exchange transactions.

[jazmuzika217]

Honestly it is not safe. And nothing is safe here in crypto, we already knew that from the start. But it's up to you, you already know what you are doing and you already have a reseach,why not? There is no harm in trying. But if you are asking my opinion it is safe you are going to exchange small amount only and make another transactions if needed.

[boranes]

You should do the transaction in stages. Quite risky if you directly trade in large numbers on an exchange that is not compatible. For better and safer service, my advice is to use another, more trusted exchange, like the advice of other members.

Good advice, you can never know what could go wrong (hack, human error).

if you want to make large exchanges, I suggest you use trusted exchanges such as Binance or KuCoin, they have security stability

Binance was hacked recently, so much for security. Better do more smaller transfers and exchanges than one big.

[jazmuzika217]

Honestly it is not safe. And nothing is safe here in crypto, we already knew that from the start. But it's up to you, you already know what you are doing and you already have a reseach,why not? There is no harm in trying. But if you are asking my opinion it is safe you are going to exchange small amount only and make another transactions if needed.

[CLywaTeLb]

So many answers.
But it depends on the country of residence, respectively, the size of the "big amounts" is different, the crypto infrastructure is different. In my country, I would not be afraid to use exchangers worth up to 50K$ in equivalent. I can use the exchange, but it is an automatic transparency for government agencies. But I do not have such a problem due to the lack of large amounts

[GGmith]

I do not know because I have never exchanged on a large scale, the largest exchange I have ever done was around $ 900 and that too I did in binance, maybe if you want to exchange large amounts it is highly recommended to use a third party.

[fosco333]

Depends on what exchange you will using. We should not using not reliable exchange for huge amount.
I think you will be ok if you using binance because they already have many crypto users on their exchange.

[aemma]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

Just like most people have suggested, exchanging on top or bigger exchanges like Binance is good not just for big amounts but also for smaller amounts. The good thing is, you will be sure your funds are secured while the customer service is at your disposal should any issue arise. Furthermore, although KYC exists, you can still exchange and withdraw about 2btc daily on exhanges like Binance. So you can give it a shot while being relaxed.

[ethereumhunter]

maybe it's safe if the exchange you use is a trusted exchange, I mean like binance, bittmex or Kucoin. but you also have to always be careful before doing that especially if you want to make exchanges in large amounts because scamers always target large assets

Although the exchange you mention is the trusted exchanges, I think it is not good if you use big amounts to trade because it is too risky. You don't want to see if your account or the exchanges get hacked, and that is why I think you should use the money you can afford. But that will be different if you have a very large amount of money and you can accept the risk.

[light22man]

It's better to use binance for exchange a big amount of crypto. Binance now top one exchange, and safer to use it instead of others.

[Crypt0BHunter]

I tx fee and services fee is not a big deal I think it's secure enough to use cahngelly and shapeshift

[wywoc]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

For large amount of money, you should use the exchanges with higher trading volume, so Binance or other top exchanges is the right choice. Changelly or Shapeshift, can instant convert your coins, but with the limit amount because of their liquidity.

[gunhell16]

It is very okay to exchange a very big amount to a good and legit exchange.
All you need to do is to make sure that you are on a link which is real.
Your account is safe and no one has access on it except you.

[baigreen]

Well, any large transaction may not be reliable. I prefer to make several transactions so as not to make a mistake. And we know how people lose $ 300,000 on transaction errors.

[Seghokendil]

if you want to trade on a large scale, never do that on only one exchange and you better do it on several other exchanges. to avoid the risk I always use 2 exchanges when I want to make transactions with large scale.
#Binance - 50%
and
#Bitmex - 50%

this is my way when I want to make transactions on a large scale.

[MMA Rats]

Depending on where to exchange a large amount of money, personally I would recommend exchanging cryptocurrency parts and preferably for different bank cards, so much safer

[bigcash2011]

For big amounts you need big volumes and liquidity too otherwise you will not get the price you want as you will be filling up smaller and cheaper buy orders as well, so either you should exchange at top volume exchange or find a direct customer who purchase all your portfolio at one decided price.

[btccrusher]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

I don't use shapeshift so can't tell anything about them. I use Changelly regularly and it seems to be good for me every time I used it. However, my maximum trade value in one single transaction was 16 ETH, and it went fine. I hear some questions about this exchange too but I think it is safe for medium amount. If you need to trade a large amount like over 50 ETH, better use Binance or Huobi.

[Alohadanc3]

Yes I think. From my experience I used chengelly and shape shift few time. And the highest amount I exchange is 11 or maybe 12 ETH. And it's went fine. This kind of exchange is not a big one rather than a medium size. So if you are gonna exchange like 100-200 Eth or similar amount then I would suggest you to GI to a exchange like binance or kucoin or huobi. They are more compatible with any amount almost.

[zuziekatee]

It’s recommended to use exchange like binance for huge sum of transaction for safety precarious and to avoid issues ! Although Shapeshift and Changelly are also good but for large amount of transactions , binance is much better !

[shoreno]

Depends on what exchange you will using. We should not using not reliable exchange for huge amount.
I think you will be ok if you using binance because they already have many crypto users on their exchange.

 Is there any exchange that can't diasaapper or that has total guarantee Exchanges? None have such guarantee. And storing such high amount to the exchangeis not a safe plan because anything  can happen in the future.

of course no but the possibility is fairly small  . before they dissapear , it would take many years especially if they still have alot of costumers and earning verry well on thier platform and if the day comes that they want to quit , they will still give an advance warning about making a withdrawals before the platform shutdowns  . when it comes to security , top exchangers are also guarantee to be secure but they cant avoid hacking and no one can  but the odds   of hacking are too low  . overall its still safe to exchange big amounts as long as you can afford it or you can aford it to loose

[Genkotsu]

if you want to make large exchanges, I suggest you use trusted exchanges such as Binance or KuCoin, they have security stability, some of the functions they offer are very convenient and easy to use. I don't think the cost is too expensive, because the most important thing is security and comfort in large exchange transactions.

recently binance just got hacked and hacker ar stolen 7,000 BTC from binance, even binance still trusted and have high volume trade exchange, are you still want to exchange cryptocurrency on this xchange

[J1mb0]

Ideally you should use your own wallet, there are many types of cold wallets that support storing multiple coins. Or you can keep a coin on the wallet of the platform itself. Do not store money on the floor, most likely you will lose your money.

[jrrsparkles]

if you want to make large exchanges, I suggest you use trusted exchanges such as Binance or KuCoin, they have security stability, some of the functions they offer are very convenient and easy to use. I don't think the cost is too expensive, because the most important thing is security and comfort in large exchange transactions.

recently binance just got hacked and hacker ar stolen 7,000 BTC from binance, even binance still trusted and have high volume trade exchange, are you still want to exchange cryptocurrency on this xchange

But there is no assurance for the traders they will get money back if this happens many time even for binance since most of the exchanges will shutdown after the hack but some how binance managed it from their profits.


For trading high volume some exchanges could be trusted but we should immediately move it to the core wallet.

[albon]

I prefer the top exchange platforms in the cryptocurrency market like LATOKEN, Binance, CoinBene..ect I do not recommend using unknown platforms and if you use one of them, just try on a small amount, All the top safe exchange platforms do not worry your money is safe only you have to check the transaction fees and the duration of the withdrawal, You can find it on the website pages or you can submit your question to support.

[miningguru]

Yes, you can exchange big amounts, but before that, you should understand how far the exchange will send your money on time. There might be a higher fee, but your money will be very secure until you withdraw them to your own wallet. I prefer a mostly binance exchange when I want to exchange higher amounts.

[janggernaut]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

I prefer the top exchange platforms in the cryptocurrency market like LATOKEN, Binance, CoinBene..ect I do not recommend using unknown platforms and if you use one of them, just try on a small amount, All the top safe exchange platforms do not worry your money is safe only you have to check the transaction fees and the duration of the withdrawal, You can find it on the website pages or you can submit your question to support.

Latoken, binance and coinbene are exchange sites which you can store your crypto too. OP asking about 3rd party exchange site where you can only exchange your crypto to other crypto.
IIRC there is max amount we can exchange on non-custodial exchangers.

[shushu9977]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

I would like to Kucoin rather than Binance exchange. I use this exchange more than two years. I aslo use Binance, Hitbtc, Bittrex, ForkDelta, Latoken, Bit-z, whitebit.com and also more exchanges. 

[Distinctin]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

I would like to Kucoin rather than Binance exchange. I use this exchange more than two years. I aslo use Binance, Hitbtc, Bittrex, ForkDelta, Latoken, Bit-z, whitebit.com and also more exchanges. 

Whitebit is quite a new exchange, it's hard to trust them with big amount of money although they have a decent volume now, honestly, I just recently heard of that exchange and I would not trust it for big amount.

When it comes to trading with big money, let's not take chances, it's better to trust bigger and old exchanges with our money, and those exchange should be regulated exchange so they will give a client protection as they monitored and regulated by the authority.

[yesyes18]

Crypto exchanges are still growing and advancing. Improvements have come in for now looking at the security issues the pioneers encountered. Binance has so far delivered satisfactorily and they've won many hearts even though they had some security issues as well  You should always conduct research on the current status of the exchange you're about to use at any moment.

[Mahanton]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

I would like to Kucoin rather than Binance exchange. I use this exchange more than two years. I aslo use Binance, Hitbtc, Bittrex, ForkDelta, Latoken, Bit-z, whitebit.com and also more exchanges. 

Whitebit is quite a new exchange, it's hard to trust them with big amount of money although they have a decent volume now, honestly, I just recently heard of that exchange and I would not trust it for big amount.

When it comes to trading with big money, let's not take chances, it's better to trust bigger and old exchanges with our money, and those exchange should be regulated exchange so they will give a client protection as they monitored and regulated by the authority.

Whitebit exchange is somehow being shilled out over this forum specially into this altcoin section.I don't even see a reason why would I consider on using up this exchange even to those newbie ones should really avoid these exchangers yet there were lots of better options or simply trade or use those top tier exchange to avoid all the possible headaches you would able to experience.Talking about changely and shapeshift these are instant exchanger and its not possible for you to store up big amounts.Hence, there are specific limits on how much amount you would able to convert on and also shapeshift do already had that KYC that's why lots of users move out to other service.

[pealr12]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

use known exchanges whenever you want to exchange big amounts of tokens.
Binance
Kucoin
Bittrex

[travwill]

There are a lot of exchangers on the network (now I’m only talking about good ones), there is a lot of competition among them, there are entire aggregator sites with reviews about these exchangers, such sites give me a hit. It’s worth it to deceive the customer at least once, as they immediately put him on the black list, which means that the killers will circumvent such an exchanger, which will deprive him of profit.
I have not heard of a single case of "unsuccessful" exchange of large sums on these platforms.
After that I found out that there are a lot of negative reviews about this exchanger, fortunately all of them were decided in favor of the client.
In any case, always read the reviews. I used the changelly exchanger several times, and was not satisfied. I got my money, but the process took longer than promised.

[btc_love]

There are a lot of exchangers on the network (now I’m only talking about good ones), there is a lot of competition among them, there are entire aggregator sites with reviews about these exchangers, such sites give me a hit. It’s worth it to deceive the customer at least once, as they immediately put him on the black list, which means that the killers will circumvent such an exchanger, which will deprive him of profit.
I have not heard of a single case of "unsuccessful" exchange of large sums on these platforms.
After that I found out that there are a lot of negative reviews about this exchanger, fortunately all of them were decided in favor of the client.
In any case, always read the reviews. I used the changelly exchanger several times, and was not satisfied. I got my money, but the process took longer than promised.

Sure, I always read the rewiews, but to be more confident I prefer to ask people also.
Could you tell how long did you wait? Tested changelly twice last week, first time transaction took aboout 30 mins, second one... about 45 or something

[The Cryptologist]

What exactly is the term 'safe' you are referring to? Is it that your identity and your transactions will always be safe and not exposed? or Safe to get your money back right after you exchange a big amount? If it is about your history on the exchange, I doubt that it will be safe forever because hackers can even pull out kyc documents. BUt if it's just getting your money after you exchange is guaranteed safe in top exchanges or or even in my local exchanger is also safe.

[milewilda]

What exactly is the term 'safe' you are referring to? Is it that your identity and your transactions will always be safe and not exposed? or Safe to get your money back right after you exchange a big amount? If it is about your history on the exchange, I doubt that it will be safe forever because hackers can even pull out kyc documents. BUt if it's just getting your money after you exchange is guaranteed safe in top exchanges or or even in my local exchanger is also safe.

Maybe he do mean on the word "safe" do pertains when it comes to funds release if they are totally safe when it comes to exchanging huge amounts.
There are lots of reputable though but they are KYC required specially on bigger limits which is already a casual thing on most exchangers either those instant or
typical platforms we've been known.We cant totally say its safe but always stick out to the best one rather than on risking on unknowns.

[shushu9977]

There are few renowned and popular exchanges which are no problem to exchange crypto big amounts such as- Binance, Kucoin, Kraken, Coinbase, Houbi, Hitbtc etc. But every exchange has few rules and regulation such as fix withdraw amount, kyc process etc.  

[passwordnow]

There are few renowned and popular exchanges which are no problem to exchange crypto big amounts such as- Binance, Kucoin, Kraken, Coinbase, Houbi, Hitbtc etc. But every exchange has few rules and regulation such as fix withdraw amount, kyc process etc.  

Yes, they can turn on to your complains if something goes unusual with your transaction. They may require KYC but that's for sure that they will take care of your transaction. I refrain using your suggestion with Hitbtc, there's many complains about them.
For example.
HitBTC scam!

Their thread also has a lot of complains.
HitBTC.com - The most advanced cryptocurrency exchange

[cryptoloverlife]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

use known exchanges whenever you want to exchange big amounts of tokens.
Binance
Kucoin
Bittrex

Yes, you are right because even though the price is high for converting the coins, it is good to exchange the coins in the above-mentioned exchanges because these exchanges have a very good reputation in cryptocurrencies.

[numanoid]

There are few renowned and popular exchanges which are no problem to exchange crypto big amounts such as- Binance, Kucoin, Kraken, Coinbase, Houbi, Hitbtc etc. But every exchange has few rules and regulation such as fix withdraw amount, kyc process etc.  

It's very important to pay attention with the rules and regulations since you are going to use huge amount of money. know everything with your chosen exchange and make sure you are aware with required documents to process. exchange also needs to submit documents from whichever government
handle their jurisdictions. it's mandatory especially with big amount that is in stake.

If you can deposit and withdraw up to 2 btc in a day, why would you need to give your KYC to them? On binance, you don't need to do KYC and you are fine.

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

use known exchanges whenever you want to exchange big amounts of tokens.
Binance
Kucoin
Bittrex

Yes, you are right because even though the price is high for converting the coins, it is good to exchange the coins in the above-mentioned exchanges because these exchanges have a very good reputation in cryptocurrencies.

Better to avoid bittrex, you need to pass their KYC before you can make any withdraw

[joromz1226]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

If you want a classical exchange, I think it is better for you to use Kucoin, Coinbene, and Okex, but if you really want a safe one.
You can make a research first were you can check it at cryptocompare or coinmarketcap at leas with this you have guidelines
or reference to choose in.

[nairb131]

From the users review the two website you mentioned are trustworthy and safe to do your business, they only complains by the users is the high transactions fees which i think it have to do with the credit cards payment.

[Impaler]

I think so. But I never changed a big amount on any non custodial exchange. I once changed 6-7 ETH that's the highest amount. And it was in chengelly. If you want to change 10k or higher then you should try some big exchange like binance or huobi.

[Naficopa]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

use known exchanges whenever you want to exchange big amounts of tokens.
Binance
Kucoin
Bittrex

Even large and well-known exchanges do not guarantee security. The coins are simply not in your hands. The MtGox example is enough.
If they are large transactions, it is definitely better to divide them into several smaller ones.

[numanoid]

Even large and well-known exchanges do not guarantee security. The coins are simply not in your hands. The MtGox example is enough.
If they are large transactions, it is definitely better to divide them into several smaller ones.

divide withdrawal to smaller one doesn't make any sense. You need to pay bigger fee rather than withdraw it only for once. You must learn every exchange site too, do you need to KYC or not to withdraw your money. Bigger exchange sites are better than smaller or new one.

[Naficopa]

Even large and well-known exchanges do not guarantee security. The coins are simply not in your hands. The MtGox example is enough.
If they are large transactions, it is definitely better to divide them into several smaller ones.

divide withdrawal to smaller one doesn't make any sense. You need to pay bigger fee rather than withdraw it only for once. You must learn every exchange site too, do you need to KYC or not to withdraw your money. Bigger exchange sites are better than smaller or new one.

Larger exchanges are less risky, but the risk is still there.
Of course, it depends on how big transactions we are talking about, but in my opinion it is better to pay a higher commission for several smaller transactions than to do everything in one big.
Just my 2 satoshi

[rocku12345]

Perhaps, you should break up a large amount in parts and change in different places. The risks are great and a possible additional commission will only be the guarantor of your funds. In my country, it is generally dangerous to change so many funds into one account, because the money laundering policy is in effect. Also you can read some usefull instructions here https://cryptoguidepro.com/how-to-cash-out-large-amounts-of-bitcoin/

[carriebee]

How big amount you are trying to exchange? I tried to exchange of eth using changelly it went good it land in my wallet but not that big. I still prefer using binance as the well known exchange which users also used. Better search for feedback which is the most trusted and secured exchange.

[Outlander]

Hackers now have very clever technical means. If you haven't traded in a short period of time, it is recommended that you put coins in your personal wallet.

[diazepam666]

Gambler Sunday long term traders only play with the highest amount in every gambling site we can easily find the such people in the exchanges who always awake in the trading telegram and other social platforms in the trading.
To keep the fund safe you can choose your personal wallet instead of exchange wallets.

[LouVandetta]

As long as you're using the most reputable and trusted exchanges that has a good securities and already proven great, then I think you're good to go. Considering there's always hacker lurking around us, no matter which the exchanges are, if it's a very big amount it's better to store you assets on you personal wallet after you've traded it on the exchange somehow.

[arwin100]

As long as you're using the most reputable and trusted exchanges that has a good securities and already proven great, then I think you're good to go. Considering there's always hacker lurking around us, no matter which the exchanges are, if it's a very big amount it's better to store you assets on you personal wallet after you've traded it on the exchange somehow.

Even the most reputable exchange has been victimized by hack recently and what if the what you called reputable has been hack again for 2nd time and there extra balance has been drained for the first compensation of the past hacking event do you think it will worth to store big funds if this incident occur? Well hell no!  Better to store those big funds on hardware wallet and trade the amount what you prefer for that day to avoid maximum hurting from unfortunate hackings.

[Chrystora123]

Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe

I have never exchanged large amounts at Changelly or Shapeshift, but I think it's safe.  btw, if you are a little doubtful you should not exchange large amounts there.

Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

of course safe, I highly recommend Binance as the best exchange, I always exchange there, I have been very comfortable doing transactions in Binance and I have never experienced any problems so far.

[miningguru]

I think so. But I never changed a big amount on any non custodial exchange. I once changed 6-7 ETH that's the highest amount. And it was in chengelly. If you want to change 10k or higher then you should try some big exchange like binance or huobi.

Exactly, people, who want to exchange higher amounts they need to do it from the potential exchange like Binance and Huobi. Even without KYC, we can easily withdraw 2 BTC per day through Binance exchange, so it is good to exchange your funds with the potential exchange.

[smyslov]

I think so. But I never changed a big amount on any non custodial exchange. I once changed 6-7 ETH that's the highest amount. And it was in chengelly. If you want to change 10k or higher then you should try some big exchange like binance or huobi.

Exactly, people, who want to exchange higher amounts they need to do it from the potential exchange like Binance and Huobi. Even without KYC, we can easily withdraw 2 BTC per day through Binance exchange, so it is good to exchange your funds with the potential exchange.

Yes that's true big exchange will always protect their reputation, and as long as they are trusted money will just comes in, they want traders protected, so if you are trading a huge amount of Bitcoin don't go for lesser known exchange, go for big exchange like Binance or Kucoin or Huobi, they always address every issue that comes along the way

[coin_1122]

Yes, you can safely exchange your amount but you need to choose the best exchange because there are many fake exchanges which you might lose your money. Before depositing you need to check their withdrawal procedure because some might give less amount on a daily basis.

[slaman29]

Exactly, people, who want to exchange higher amounts they need to do it from the potential exchange like Binance and Huobi. Even without KYC, we can easily withdraw 2 BTC per day through Binance exchange, so it is good to exchange your funds with the potential exchange.

You misread what the guy you're responding to meant I think, or I misread what OP's original question actually asked.

I think, it's really important here to note that some exchanges will always give you your request from a hot wallet, and as you say Binance has that daily withdrawal limit of 2 BTC, which suits most people. More than that and they have to review manually. So probably best to break up your balances to several amounts less than the daily max.

But for me, I would rather actually do KYC first on any site that may require me to do it. You don't want to end up being suddenly asked and you're not willing or not able to.