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Author Topic: Those reliable exchanges on the market  (Read 1091 times)
Bitlover10
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September 05, 2020, 01:42:04 AM
 #101

Binance is good exchange for trading but the way price manipulation is going on this market which totally bad for all crypto market. Binance pramote leverage trading over 125x. Do you think if you took 125 x you never win. You always loose with 125 x but still its pramoted by binance. These exchanges only think about their profit not about traders and investors. So this is really bad for crypto.

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September 25, 2020, 07:59:49 AM
 #102

In recent years, I have often seen people being scammed by mistakenly choosing fake platforms when investing in cryptocurrencies. Therefore, I have compiled some reliable cryptocurrency exchanges , hoping that similar things will not happen again.

1.Huobi 

It was originally the most popular cryptocurrency exchange in China, but as the China government tightened restrictions on cryptocurrencies, it shifted its main business scope overseas. 

Huobi provides nearly 400 cryptocurrencies for investment, with an average daily trading volume of up to $5.1 billion. It has its own cryptocurrency: Huobi (HT). 

There is a risk fund inside. If the platform is compromised by hackers and the customer suffers losses, the fund will be used to compensate the customer.

Huobi's official website: https://www.huobi.com/en-us/
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2. Binance 

As the cryptocurrency exchange with the largest trading volume on the market today, the average daily trading volume can reach 5.4 billion US dollars. 

Binance provides nearly 400 cryptocurrencies for investment, with the leverage up to 125 times, but please use it carefully according to your personal situation! 

It has been attacked by hackers before(no customers were victimized at the time), so now its users have related insurance and can be compensated when their rights are damaged due to the invasion.

Binance's official website: https://www.binance.com/en

Remarks: 7/14 is the third anniversary of Binance, and there will be a promotional event of 20% lifetime fee reduction. Anyone interested can visit this website:https://medium.com/@ryan19850322/d79830abe039
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3. OKEx 

OKEx is one of the world's largest cryptocurrency exchanges, it's average daily trading volume could reach 1.78 billion US dollars. 

There are 385 cryptocurrencies available for investment on the platform, and up to 100 times leverage can be used, but please use leverage carefully according to your personal circumstances. 

There is a page on its official website that teachs some knowledge about cryptocurrencies. 

OKEx's official website: https://www.okex.com/
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4. Coinbase 

Coinbase is the first pioneer to provide cryptocurrency trading services, it's main business direction is to comply with local regulatory regulations. 

By that means, Coinbase successfully gain the European, American, and Asian markets, even Japan,well known for it's strict regulations on cryptocurrencies, allows Coinbase to enter its market. 

Coinbase supports less cryptocurrencies than other exchanges, there are only about 60 options available for investment, and the average daily trading volume can reach 300 million US dollars. 

Coinbase also have cooperated with Visa to launch Coinbase Card, which can be added to Goole Pay, can use cryptocurrency to purchase daily necessities in 14 European countries, including the United Kingdom,which also shows that its security has been recognized by Google.

At the same time, Coinbase also has a remarkable performance in the blockchain. In February this year, it was selected as the Fortune 50 blockchain. Others included in the list include Microsoft, Apple, Amazon, IBM, Microsoft, etc.

Forbes' list of top 50 blockchains: https://www.forbes.com/sites/michaeldelcastillo/2020/02/19/blockchain-50/?fbclid=IwAR1_YM8HiG6iVUwr8rstgcOpc2m5ZTtACaefV7iDLrqLxNhlRCrLlV54M44#14e656817553

Coinbase's official website: https://www.coinbase.com/
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5.BitMEX 

Unlike other exchanges, BitMEX provides bitcoin "futures" trading, with an average daily trading volume of up to 3 billion US dollars, far exceeding the Chicago Currency Exchange's cryptocurrency futures trading volume. 

There is a 0.025% feedback on the pending order itself. When you place an order (an order that cannot be transacted immediately), you will get 0.025% of the rebate.If you buy immediately, you will need to pay a handling fee of 0.075%.
 
It should be noted that the platform's own withdrawals, deposits and contract settlement only support Bitcoin. 

BitMEX's official website: https://www.bitmex.com/

https://www.binance.com/en are great, I use them for more than 2 years now and didn’t had any issues. I also use https://www.kraken.com/ and https://www.coinbase.com/, and they are pretty good also. On all exchanges you need to read a lot about their fees before depositing, trading, withdrawing, etc. because they have different fees for the different services. I also use another tool called https://www.cryptoview.com/ to track all my portfolios on those exchanges, it’s very handy. 
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September 25, 2020, 10:56:20 AM
 #103

To determine the best cryptocurrency exchange, I use this comparison tool in order to clearly see the pros and cons of a particular exchange. By the way, exchange Changelly pro interested me very much.
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September 25, 2020, 02:28:12 PM
 #104

There are many types of exchanges on the market and there are many reliable exchanges for buying and selling but the most reliable exchange for me is Binance. This is very trustworthy site and i have a lot of fun working on it. There  is no change of Scam on this side.

As estated on the first page, and thanks for the helpful informatin on all above estated reliable exchanges i always used houbi and binance. Based on my experienced i could give both a good feedback. And i loved and have fun working on it. Well its up to you what exchange would you prefer to use. As estated above it is already it already gives a full discription of the reliable exchanges that you will need to know.

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September 25, 2020, 03:49:35 PM
 #105

I'm using the binance for a long time and this doesn't give me any trouble which is a good thing also they have a different good features and some announcements on my email but sometimes it's looks like a spam.

Also whenever I want to buy a bitcoin any where I just use their application and this is not a big problem because it's more convenient to me to use this. Also for sure many members will recommended this kind of coin because it's more reputable unlike the other exchange.

Also if someone suggest you with the use of yobit right now I'm saying don't use that exchange.


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September 26, 2020, 10:18:38 PM
 #106

I'm using the binance for a long time and this doesn't give me any trouble which is a good thing also they have a different good features and some announcements on my email but sometimes it's looks like a spam.

Also whenever I want to buy a bitcoin any where I just use their application and this is not a big problem because it's more convenient to me to use this. Also for sure many members will recommended this kind of coin because it's more reputable unlike the other exchange.

Also if someone suggest you with the use of yobit right now I'm saying don't use that exchange.


But sometimes, you can't avoid using exchanges like for example yobit, because there are coins or tokens that are being traded on that exchange, where you can't find in binance. So you have no choice but to use them. So once you finished trading, withdraw your money as fast as you can and just go back to your trusted exchange. But don't store your funds even to reputable exchanges. Better store it in your own wallet.
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September 27, 2020, 01:16:09 AM
 #107

You mentioned binance in your top list. Their is no doubt its good exchange because lot of people using it. But their are are also many problems. In current situations I did not find any good exchange who working for mass adoption in crypto. Only few members are taking profit from these kind of exchange. They list lot of coin day by day without proper invitations and their customer got stucked. Exchange should taking care of their customers not only be greedy.

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September 27, 2020, 07:01:07 AM
 #108

Exchange sites usually depend on their reliability and how secure they are in currency transactions. Most of the traders choose the exchange site even after checking the eligibility on the fee. However binance is much safer in all respects Crypto market has increased the number of scams so many good sites to keep your currency safe. It is easy to collect good information by investing in sites and taking care of them.
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September 27, 2020, 07:27:15 PM
 #109

i'm using cex.io for a long time. they have normal fees and deposits/withdrawal on debit/credit cards 
yep agree, just read they launched 0% fee Visa card deposits for its users https://bitcoinist.com/cex-io-to-provide-one-click-defi-access-lists-new-tokens/
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September 27, 2020, 08:45:52 PM
 #110

snip

But sometimes, you can't avoid using exchanges like for example yobit, because there are coins or tokens that are being traded on that exchange, where you can't find in binance. So you have no choice but to use them. So once you finished trading, withdraw your money as fast as you can and just go back to your trusted exchange. But don't store your funds even to reputable exchanges. Better store it in your own wallet.
About Yobit, any token which is only listed in Yobit would be a shitcoin and users should avoid trading it at first place. Yobit is not to be trusted at all costs, and you can't expect what issues you may face when using it. Recently, i reported how Yobit uses bots to create fake orders just to convaince users to register and deposit money to buy a fake token which you will not be able to sell after.
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September 29, 2020, 01:59:32 AM
 #111

Quite a good list, thanks for topic. İn my opinion, exchanges should think not only about their profit but also about traders and investors. Tried all of them, but now exchange Swapspace.co interested me very much Smiley
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October 15, 2020, 08:18:25 AM
 #112

one and only Binance ,and i also prefer wallets like Blockchain
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October 15, 2020, 08:21:07 AM
 #113

OP shud have mentioned about the case of 17% clawback on Okex since he has mentioned the hacks on Binance and such.
https://www.coindesk.com/okex-confirms-9m-clawback-after-enormous-bitcoin-futures-position-fails

Anyone who wants to trade on Futures should look at the history of Binance too and be wary as to how they settle the contracts.
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