What is the best crypto exchange?

[Btcbeginners]

Crypto exchange is one of the important thing when you are dealing with the cryptocurrency space. Currently, there are over 300+ crypto exchanges exist where most of the exchanges are scams and not having enough liquidity. In this case, selecting the crypto exchange is a bit confusing . So, when you are going to select the crypto exchange, you have to consider some important facts such as exchange reputation, availability, fiat currency availability, KYC requirement, no of altcoin availability, etc. Here is the best cryptocurrency exchange that can be used confidently,

• Coinbase - best for beginners
• Cex.io - worldwide support fiat to crypto exchange
• Binance - altcoin trading
• Changelly - instant crypto swap
• Bittrex
• Kraken
• Kucoin
• OKEx
• Gate.io

If you are looking to find out more details above the list, Check out the best crypto exchange to watch in 2020 where it explains exchange features, fees, and pros and cons.

[Yogee]

According to the post "Here is the best cryptocurrency exchange that can be used confidently,"

But.....

Hackers breach StatCounter to hijack Bitcoin transactions on Gate.io exchange
https://www.zdnet.com/article/hackers-breach-statcounter-to-hijack-bitcoin-transactions-on-gate-io-exchange/

Hackers Steal $40 Million Worth of Bitcoin From Binance Exchange
https://www.bloomberg.com/news/articles/2019-05-08/crypto-exchange-giant-binance-reports-a-hack-of-7-000-bitcoin

Some exchanges listed there as top may have never been hacked yet but you can never use any of them confidently. They probably upgrade their security every now and then but they remain as a target for hackers. They are all centralized exchanges and they are like sitting ducks waiting to be shot.


Everyone should check out decentralized exchanges or P2P trading platforms.

[Btcbeginners]

Hackers breach StatCounter to hijack Bitcoin transactions on Gate.io exchange
https://www.zdnet.com/article/hackers-breach-statcounter-to-hijack-bitcoin-transactions-on-gate-io-exchange/

Hackers Steal $40 Million Worth of Bitcoin From Binance Exchange
https://www.bloomberg.com/news/articles/2019-05-08/crypto-exchange-giant-binance-reports-a-hack-of-7-000-bitcoin

Gate.io hack is due to the third party Javascript script so, No information available about the stolen funds. Binance hack was successfully recovered and User's fund was not affected according to this artilce

Everyone should check out decentralized exchanges or P2P trading platforms.

Yes, we have to adopt the decentralized exchanges but there is many limitations when using the dexes for regular trading. In this case, we have to go to the best-centralized exchanges for a particular purpose.

[binhvo1505]

Currently, Coinbase and Bittrex are no longer secure. Bittrex is having very low volume and is showing signs of release from the management team, they seem to have no recent events. It looks like they are about to let go of it and create something new. As for Coinbase, only Americans should use it, in addition, we should not use it. There have been many cases of account lockout for no reason and no one to support to get back the account. so consider, only Houbi Global or Binance should be selected. Their capitalization is gradually increasing and trade demand is increasing in Chinese exchanges.

[mikeoneal]

Coinbase is the best exchange.
Almost everyone said that changelly is a scam exchange.
Bittrex last year could not have a bitlicence in newyork.
Binance needs transparency , noone know where this exchange is realy based .

[Yogee]

Btcbeginners, since many of these centralized exchanges were already hacked, including some on the list, can you still say to traders that it can be "used confidently"?

No, the amount hacked on Binance was never recovered. They just returned the funds to traders from their Secured Asset Fund for Users a.k.a "SAFU fund" which is like insurance fund in case the exchange security fails. CZ even tried to push for a rollback on the Bitcoin network to try to recover the stolen Btc's and to save his face but he later retracted.

[Btcbeginners]

Currently, Coinbase and Bittrex are no longer secure. Bittrex is having very low volume and is showing signs of release from the management team, they seem to have no recent events. It looks like they are about to let go of it and create something new. As for Coinbase, only Americans should use it, in addition, we should not use it. There have been many cases of account lockout for no reason and no one to support to get back the account.

Why tell you tell that "Currently, Coinbase and Bittrex are no longer secure". What is the point here?

[The Cryptovator]

No, the amount hacked on Binance was never recovered. They just returned the funds to traders from their Secured Asset Fund for Users a.k.a "SAFU fund" which is like insurance fund in case the exchange security fails.

Although they failed to recover their fund but it's a positive sign that traders hadn't effected due to hack. We know it's not possible to get back bitcoin when it has confirmed and that's why bitcoin is most popular. But unfortunately this is the best opportunity for hackers as well. I believe all centralized exchange should follow Binance regardin secure fund of traders and their fund shouldn't effected due to hack.

Currently, Coinbase and Bittrex are no longer secure.

To be honest any online system isn't safe on the internet. Even FBI website has been hacked multiple time if you know history. So exchanges would be victim of hackers. Hackers also use latest technologies to break security systems. But they are best exchange who recover traders fund somehow either insurance or by any other sources.

[Negotiation]

Currently, Coinbase and Bittrex are no longer secure. Bittrex is having very low volume and is showing signs of release from the management team, they seem to have no recent events. It looks like they are about to let go of it and create something new. As for Coinbase, only Americans should use it, in addition, we should not use it. There have been many cases of account lockout for no reason and no one to support to get back the account.

Why tell you tell that "Currently, Coinbase and Bittrex are no longer secure". What is the point here?

Sure not all sites are good for exchanges There are many exchange sites in Crypto that will not be called off but currently the number of scams has increased so the best sites are Exchange Coinbase Bittrex Binance the three most reliable and many Popular.

[Kvalentine]

I think it's wiser never to really on any exchange even if they upgrade their security from time to time, anything can happen to them, remember that scammers or hackers will always find a weak spot to breach these exchanges

[so98nn]

Good to share that post.

However, there are already some of the good shares back in time as well.

Collectively they link to :- Best exchanger lists, How to choose best exchanger, Qualities of exchanger etc.

You can refer them as as mentioned below as well add some inputs if any.

Top 7 Exchanges : https://bitcointalk.org/index.php?topic=5227596.0 (Article by user)
Important Features to look for : https://bitcointalk.org/index.php?topic=3028322.0 (Post with Poll)
Hacked Exchanges (To stay precautious) : https://bitcointalk.org/index.php?topic=5090869.0 (Good Post for safeguard)
Some of the average exchangers : https://bitcointalk.org/index.php?topic=5237436.0

These are all collected from around the forum. I am just sharing it since many topics already cover the exchanger listings.

[jhonjhon]

It is so many times that I've read threads similar to this.

But anyway, I have to give some hints for newcomers and those wanting to become a trader.
*Choosing a reputable trading platform is a good idea and vital thing to do before we start trading but this will never give assurance the safety of your funds and your wallet nor it makes you profitable. These things may matter of what you do and what you are doing with your trades.

[cryptothreads]

Currently, Coinbase and Bittrex are no longer secure. Bittrex is having very low volume and is showing signs of release from the management team, they seem to have no recent events. It looks like they are about to let go of it and create something new. As for Coinbase, only Americans should use it, in addition, we should not use it. There have been many cases of account lockout for no reason and no one to support to get back the account. so consider, only Houbi Global or Binance should be selected. Their capitalization is gradually increasing and trade demand is increasing in Chinese exchanges.

I think only Bittrex is insecure because this exchange has very low trading volume and recently a lot of investors have been locked out of their accounts for unknown reasons.

I have not deposited money on this exchange since they were forced KYC users and this exchange has a lot of shitcoin that puts you at a great risk. I am currently using Okex as this is a very fast growing exchange and is among the best exchanges in the crypto market.

[FanEagle]

Binance. Binance all the way for me, think about it this website got 40 million dollars stolen and they paid all of it from their own pockets so that you wouldn't have any troubles. I would trust any exchange that has that type of profit, this doesn't only tell you that you are going to get your money back even if their hot wallet gets hacked all of a sudden, but it also tells you that SO MANY people are using it that they have made enough profits to pay 40 million dollars to continue operations like nothing happened.

There is really no way I am not going to trust binance when it comes to security and success. Plus it is a draw to trade at where everyone else is trading as well and we all know binance is definitely the biggest altcoin exchange out there.

[rose9696]

I find that many people choose Binance as the best exchange today, I agree. But never run out of money on Binance. Because this crypto market can happen anything, the Binance exchange is a private enterprise and only CZ is the first. If scam, that would be easy. so people need to be careful and split money into many reputable exchanges. such as Huobi Global, Bitstamp, ... it is still very low fee exchanges and quite large volume.

[bakasabo]

Binance. Binance all the way for me, think about it this website got 40 million dollars stolen and they paid all of it from their own pockets so that you wouldn't have any troubles. I would trust any exchange that has that type of profit, this doesn't only tell you that you are going to get your money back even if their hot wallet gets hacked all of a sudden, but it also tells you that SO MANY people are using it that they have made enough profits to pay 40 million dollars to continue operations like nothing happened.

There is really no way I am not going to trust binance when it comes to security and success. Plus it is a draw to trade at where everyone else is trading as well and we all know binance is definitely the biggest altcoin exchange out there.

If Binance is so secured, safe and is able to cover all losses from their SAFU fund, all the time "tries to invent" something new to cryptocurrency community, have highest numbers of daily/monthly volume, don't you think they one day can become greedy and vanish? As it said - "every person has a price". And once something is achieved they could easily vanish like Mt.Gox ? It is still clearly unknown where they are registered and in which jurisdiction they work

[ScamViruS]

Currently the binance is the top crypto currency exchange. You can trade in binance. Because there is good liquidity in binance, you can easily sell and buy big amounts. But no exchange is safe. The exchange will only be used for trading. Never hold your fund on the exchange. Exchange owner can do any kind of drama at any time. So it's good to be careful.

[rexxarofmoknathal]

Crypto exchange is one of the important thing when you are dealing with the cryptocurrency space. Currently, there are over 300+ crypto exchanges exist where most of the exchanges are scams and not having enough liquidity. In this case, selecting the crypto exchange is a bit confusing . So, when you are going to select the crypto exchange, you have to consider some important facts such as exchange reputation, availability, fiat currency availability, KYC requirement, no of altcoin availability, etc. Here is the best cryptocurrency exchange that can be used confidently,

• Coinbase - best for beginners
• Cex.io - worldwide support fiat to crypto exchange
• Binance - altcoin trading
• Changelly - instant crypto swap
• Bittrex
• Kraken
• Kucoin
• OKEx
• Gate.io

If you are looking to find out more details above the list, Check out the best crypto exchange to watch in 2020 where it explains exchange features, fees, and pros and cons.

I see you have Coinbase right at the top... However, if people are thinking of using this platform they should at least be made aware that the support is limited to bots responses. This has already raised concerns among some users who tried registering without success since their accounts couldn't be verified due to the lack of manpower. Just keep this in mind for the period of the lockdown

[nelson4lov]

Currently the binance is the top crypto currency exchange. You can trade in binance. Because there is good liquidity in binance, you can easily sell and buy big amounts. But no exchange is safe. The exchange will only be used for trading. Never hold your fund on the exchange. Exchange owner can do any kind of drama at any time. So it's good to be careful.

I agree with you. Agree is currently one of the best (if not the best) exchanges for altcoin trading. It features plenty of liquidity and they've been around for a while now. Although a lot of people might feel otherwise but it doesn't change tjat fact. When Binance was hacked, they compensated users from their funds. I mean – nobody literally lost during the hack. Since then, I'm sure they've beefed up security. That aside, centralized exchange should mainly be used for trading purposes and not storing funds.  How to increase security?

1. Activate both SMS and Google Auth.
2. Don't use APIs (even though it's safe to use).

[alex-nn]

I agree, Binance is my #1 too because it offers the lowest trading fees and huge number of altcoins, futures and margin trading, the best liquidity, no KYC needed to withdraw up to 2 btc. I hope Binance will hold the leading status in crypto exchanges in future.