Favorite Bitcoin exchange?

[smartbitcoininvestor]

Today there are hundreds of Bitcoin exchanges in existence. Exchanges operate like a bank but for cryptocurrency. Before using one you will have to register for an account and upload identity documents to verify yourself.

Personally, I use Coinbase and Paxful as my main exchanges as they are both user-friendly and hold a large stash of cryptocurrency in their vaults for the safety of their users.

For those of you around the globe, what is your favorite Bitcoin exchange?

[1714925448]

1714925448

[CryptoBry]

Today there are hundreds of Bitcoin exchanges in existence. Exchanges operate like a bank but for cryptocurrency. Before using one you will have to register for an account and upload identity documents to verify yourself. Personally, I use Coinbase and Paxful as my main exchanges as they are both user-friendly and hold a large stash of cryptocurrency in their vaults for the safety of their users. For those of you around the globe, what is your favorite Bitcoin exchange?

I am heavily using Binance, Kucoin and Bittrex. Yes, these exchanges are requiring users to do the KYC but for small transactions they are allowing you to do business even without first complying with the requirements. Understanding that centralized exchanges could possibly pose some problems, I am making sure that no big amount of digital assets stay in my exchange accounts. These days we should always be careful not to be one of the victim statistics of bad exchanges because we know what happened to Cryptopia, QuadrigaCX and many more. 

[znation]

Currently, there are many Bitcoin exchanges for every user, basically the ones used by many users must be safe, secure and have good liquidity. For me my favorite exchanges are Binance, Kucoin, Houbi are my choices and I feel satisfied about these exchanges.

[TravelMug]

I'm sure that Binance will be on top of the list here, as many users have been using this platform since they enter crypto sphere. But I'm sure that there are mid-tier exchanges that is also popular and also some DEX as well.

However, for those who wanted to see which exchange doesn't do fake volumes or wash trading, I would suggest you read this report, Top Exchanges by Real Volume.

[MURONDI]

I have accounts on several exchanges, for me all exchanges are about the same, I use almost all exchanges as needed, the important thing is that the exchange has a good reputation, the exchange that I often use is poloniex, but that doesn't mean I like poloniex exchange, it's just that most of my funds are there, and I'm lazy to move my funds.

[DreamStage]

I prefer Coinbase as well.

It is fast, secure, reliable, trustable and has alot of positive feedbacks anywhere you search for it.
Except for the support which is slow and they have tickets, reddit, email and phone from support team.

Also love their referral system which gives you a sweet bonus on your referral's first deposit.

The main Interface is preaty cool and easy to understand and use as well.

[alisonwonder]

I'm sure that Binance will be on top of the list here, as many users have been using this platform since they enter crypto sphere. But I'm sure that there are mid-tier exchanges that is also popular and also some DEX as well.

However, for those who wanted to see which exchange doesn't do fake volumes or wash trading, I would suggest you read this report, Top Exchanges by Real Volume.

sure binance is the number 1, binance does a lot of development, they have many features. yes other than that their market has real trading volume, unlike 70 other markets that have indicated fictional trading volume.

[Juggy777]

Today there are hundreds of Bitcoin exchanges in existence. Exchanges operate like a bank but for cryptocurrency. Before using one you will have to register for an account and upload identity documents to verify yourself.

Personally, I use Coinbase and Paxful as my main exchanges as they are both user-friendly and hold a large stash of cryptocurrency in their vaults for the safety of their users.

For those of you around the globe, what is your favorite Bitcoin exchange?

@smartbitcoininvestor just because there’re hundreds of exchanges doesn’t mean all are legit, personally I have preferred only coinbase in the past. Now days even Binance is good, even though it was hacked I yet feel people haven’t lost their confidence in it. However I yet would advise people to avoid exchanges as they often get hacked and people end up loosing their money.

[BitcoinHunt3r]

Today there are hundreds of Bitcoin exchanges in existence. Exchanges operate like a bank but for cryptocurrency. Before using one you will have to register for an account and upload identity documents to verify yourself.

Personally, I use Coinbase and Paxful as my main exchanges as they are both user-friendly and hold a large stash of cryptocurrency in their vaults for the safety of their users.

For those of you around the globe, what is your favorite Bitcoin exchange?

Personal opinion right, although it is not globally but my favorite bitcoin exchange is my local exchange. I think because i used it since a years ago maybe since i first start to know about bitcoin around 2014. At least until now i have no problem with it except when they start to make people KYC in their site. But as long i can do it, i do it because i need to use the site.

[bitvalak]

Today there are hundreds of Bitcoin exchanges in existence. Exchanges operate like a bank but for cryptocurrency. Before using one you will have to register for an account and upload identity documents to verify yourself.

Personally, I use Coinbase and Paxful as my main exchanges as they are both user-friendly and hold a large stash of cryptocurrency in their vaults for the safety of their users.

For those of you around the globe, what is your favorite Bitcoin exchange?

I prefer trading at Binance because he has good integrity after a problem last year. I don't think the KYC problem is too complicated either, because it's still within reasonable limits.
Market capitalization is also relatively high, which can trade comfortably. Withdrawal so far I also have not found a significant problem.

[squatter]

Today there are hundreds of Bitcoin exchanges in existence.

But very few of them have real volume:

Personally, I use Coinbase and Paxful as my main exchanges as they are both user-friendly and hold a large stash of cryptocurrency in their vaults for the safety of their users.

For those of you around the globe, what is your favorite Bitcoin exchange?

I'm partial to Coinbase as a fiat onramp -- mainly because I've already KYC'd there and don't want to do it anywhere else. I use Binance for general trading.

[Wexnident]

Have tried out Coinbase and Binance, but I'm mostly using Binance right now. Sad to say the KYC is a pain in the ass though. Most of the notable exchanges out there require KYC which makes it hard for huge transactions, and those that allow huge transactions without the KYC are unknown exchanges or have negative reviews, which make using them really scary in fear of being scammed.

I've already KYC'ed with Coinbase so I really doubt I'd risk using other exchanges that require no KYC. What's done is done anyway so might as well continue for it.

[maxreish]

I am using an established bitcoin exchanges.

• Binance
• Local exchange (Coins.ph)

Using it for about two year now and still nothing seems to be problems using those two. I have tried tokenomy but there is only few coins/tokens availble there. When it comes to mobile-friendly, easy to use and trusted exchanges. IMO, those two I have been personally using is strongly suggested.

[TRANTHITHOMAI]

Thanks for your comments. However, I find that with Coinbase, the transaction costs when converting from Cash to BTC are huge. Compared to OTC trading platforms like Binance, OKEX, Huobi, ..., I think Coinbase should not be used when you trade multiple times per day, switching between cash and BTC. Note that I am not talking about security here.

[debitel]

My most preferred is Binance and Kucoin. I kind of trust Binance because it's one the biggest and secured exchange and I feel safe. The same goes for Kucoin as their supporting the regulation and they are trying to improve the crypto world.

[shodik007]

For those of you around the globe, what is your favorite Bitcoin exchange?

binance for my global trade transactions and indodax (this is a local exchange) that I use to withdraw my funds, I have enough with both of these exchanges

[Negotiation]

I think the best bitcoin exchange site is Binance. It is popular with everyone and very popular. Here we can exchange very easily and our Bitcoin is very secure. Investing here is very straightforward and there are many benefits to investing. There are also many other exchange sites like Kucoin, Bittrex and many more but this is totally how you invest in yourself.

[gentlemand]

Thanks for your comments. However, I find that with Coinbase, the transaction costs when converting from Cash to BTC are huge. Compared to OTC trading platforms like Binance, OKEX, Huobi, ..., I think Coinbase should not be used when you trade multiple times per day, switching between cash and BTC. Note that I am not talking about security here.

Are you mixing up Coinbase with Coinbase Pro? Coinbase Pro is their proper exchange. Fees are higher than some other exchanges but nowhere near as bad as their normal buying service.

The exchange I use most is Kraken. I'm not a fan of its design but they're solid and have been around for a long time.

[o_e_l_e_o]

A whole page of replies and no one has mentioned a single decentralized exchange? What a shame. BISQ is my exchange of choice, but there are a growing number of decentralized exchanges you can choose from.

There are multiple benefits to using a DEX. You do not have to deposit your coins in to their wallets, and so you maintain complete control over your own coins. If the exchange was hacked, your coins are completely safe. The exchange also can't freeze or lock your account or confiscate your coins since they have no control over them. There are no KYC requirements, which is great for privacy, but also means your KYC documents can't be hacked, stolen, or sold, and your risk of identity theft is zero. The exchange can't pass on your details to your local government or police. They are censorship resistant. Wash trading is very rare, if happening at all. You never have to pay deposit, trading, or withdrawal fees, since you are trading directly with another user. You can trade any coin or fiat pair you can find a buyer/seller for.

Better security, better privacy, better transparency. What's not to love? Volume is the main stumbling block at the moment, but that will come with time as more and more centralized exchanges are hacked or are caught selling their customers' details or ratting their customers out to the government, like all the big exchanges that have already been mentioned in this thread. I don't trust any of them.

[Sonu_titu]

Before using one you will have to register for an account and upload identity documents to verify yourself.

I kind of disagree with this statement as CoinSwitch does not require any Signup or KYC. I have used it without signup.

In case of Binance I had anaccount without KYC and was happily trading. Last time when Binance was hacked they asked me for a KYC and I did it, before it did not ask for one. I like binance as well.

Bitmex one more sample for no KYC platform with long and short feature and perpatual contract trading. Even I have used it.

Exodus one high rated wallet+ exchange does not ask for KYC. and many more does not ask for upload of documents and verification