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Author Topic: Those reliable exchanges on the market  (Read 1186 times)
Savemore
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July 11, 2020, 04:44:47 AM
 #21

Binance gets the vote for me, CZ is really doing a good job making this the best platform for crypto users. Of course, someone will argue that this is debatable, but personal experience tells me that they are just above the rest of the exchanges today.

Those next in the list will do a lot of effort to even get even with Binance as far as activity and platform evolution. Binance is all over the Asian market and their next target will be Africa, one of the biggest if not the biggest market. So Just imagine if they can get a piece of that huge pie, another billion profits for CZ.
There are a lot of reliable and trusted exchanges out there so it is really depends on what kind of trader are you where what you really after and what are you seeking. Binance is really a good exchange and I also managing portfolio there. Their CEO is doing a great job and many traders are using that platform because of its high market capitalization and also because of its good liquidity. I also using OKEX but my fund there is only small and I only using it in swing setups in trading.
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July 11, 2020, 04:53:46 AM
 #22

They get scammed by fake exchanges, but it's also their own fault tbh. A lot of exchanges known to be quite reputable have already been in the market for so long. Sure, if it was year one or year two of Crypto, being scammed could be excused, year 3? Could also be. But after that? It's only up to them being ignorant or them being greedy for benefits. Identifying scams are pretty easy tbh, the simplest would be if it's too good to be true, it's most likely a scam.

I've used both Binance and Coinbase, but I stopped using Coinbase after some time and just switched to Binance completely. Mostly because of how big Binance has become with their trading volumes being sky-high. Plus, I experienced Coinbase having these irritating issues with regards to their platform. Having the issue of everything freezing up is a pain, especially if it crops up every now and then. 

There are still medium exchanges that you can use but after you finished your trading, you should pull out your funds and transfer to your own wallet. Because sometimes not all coins are being traded in Binance, some you can find in small exchanges. And if you have that coin, you need to use those small exchanges. But you need to do a bit of research before sending all your coins, particularly if they have existing allegations that are not yet resolved.
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July 11, 2020, 07:18:02 AM
 #23

My friend told me that you can trade in Binance and make transactions without even accessing its verification, which is I tried.

But verification is one of the most important things in a certain exchange as it promotes that stability and legitimacy of a certain platform.

In this platform, I tried to do future trading and as I make transactions, I'm comfortable with its features and interface. But you should be careful of high fluctuations that can make you lose your assets and money. You should be mindful of the date in the calendar and the prices of your assets so that you are aware of those expiration dates. Overall, Binance is a good but not the best for me as an exchange.
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July 11, 2020, 08:21:03 AM
 #24

My friend told me that you can trade in Binance and make transactions without even accessing its verification, which is I tried.

But verification is one of the most important things in a certain exchange as it promotes that stability and legitimacy of a certain platform.

In this platform, I tried to do future trading and as I make transactions, I'm comfortable with its features and interface. But you should be careful of high fluctuations that can make you lose your assets and money. You should be mindful of the date in the calendar and the prices of your assets so that you are aware of those expiration dates. Overall, Binance is a good but not the best for me as an exchange.
You can't find a certain exchange that works perfectly, not even Binance nor the others. We all had never forgotten the hacking scenario but they rebuild their reputation proving that they are worth our trust. All reputable exchanges are working hard to make it acceptable to the traders and users but we have our own choice and of course, it depends on our experience

I used Binance apps on my phone and it works great, nothing I got trouble and even compromise. I was comfortable using this that is why I'll keep using this. It doesn't matter what exchanger is the number one but the one that matters most is how we are comfortable in using it.

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July 11, 2020, 08:49:40 AM
 #25

I have invested in many exchange sites and chose binance to stay the currency available Binance may be an excellent platform for exchange.

Binance is on the top when we talk about exchange, no question bout that.

Here the complete validity is verified and there's no possibility of scam.

Not sure with that, even they  provided information doesn't mean it won't scam.

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July 11, 2020, 12:23:05 PM
 #26

I have seen a lot of articles that have addressed this kind of awareness, I still wake up to news of people being scammed by exchanges. Some people never learn until they get to a level where they experience such things, that’s when they will learn.

Sometimes I see newbies that will be talking about exchanges that I have never heard of since I have been here. I don’t know why people will leave exchanges that are well known to be using exchanges that are not known by anyone. When I started cryptocurrency I did my research on exchanges to know which ones are reliable and I read a lot of reviews. It’s very important especially for newbies so that you don’t make a mistake.

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July 11, 2020, 01:35:52 PM
 #27

It is very important to choose reliable exchanges for trading, if we choose the wrong exchange, we can become a victim of scams and we can lose
assets that we have in these exchanges. And of the five exchanges mentioned in the opening post, only Bitmex is not reliable exchanges in my opinion.
Because based on the analysis that I have done, Bitmex trading volumes are fake. So avoid using Bitmex, right now I am trading at Binance. And quite
satisfied with the services and features.

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July 11, 2020, 02:44:21 PM
 #28

In a start my trading days,i have faced a lot of scammed exchang.And I lost a good amount of money.If anyone wanna trade at first they have to choose proper exchange.There are many real and good exchange but the only 2 exchange that I like most and I believe this exchange blindly.

Binace is the best and trustworthy exchange for me.Normally I do all the trading in the binnace.They have huge volume and trading fee is not much.

Another exchange I use if that coin is not available in Binance then it is huobi exchange.
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July 11, 2020, 04:03:17 PM
 #29

Quote
I could still remember too, though the most useful cryptocurrency exchange on the list provided by op is Binance exchange. Have tried series of cryptocurrency exchange but discovered that the best that provide security and liquidity if I may say is Binance, although, I occasionally used some others but with little funds or.coins for trade compare to Binance exchange.

I agree that out of the exchange platforms mentioned in this post Binance is among the top most popular ones, and even coinbase is rated pretty good. I personally, have used both and for large withdrawals I prefer to use Binance whereas for coins and token interchanges I found bestchange to be quite decent.

Obviously, which exchange platform you use depends on your work so best to look into these properly before committing to them.





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July 12, 2020, 03:42:57 AM
 #30

I have invested in many exchange sites and chose binance to stay the currency available Binance may be an excellent platform for exchange. But coinbase and huobi seem to be the simplest when it involves investing immediately. Here the complete validity is verified and there's no possibility of scam.
The exchanges you talk about are all reputable exchanges in this market, but I prefer to use Binance because this exchange has followed me over the past three years. In addition, I can liquidate at any time if I feel like and switch to fiat easily without any obstacles.

For me, Binance is the only exchange that makes me feel most secure, and this exchange will change every day to match the current investment trends.
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July 12, 2020, 03:53:31 AM
 #31

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.

People are being scammed because they are careless and gullible. To these people, it is not just a matter of which exchange is better or more secure. That is obvious which ones are more reliable. The names like Binance, Okex, etc are already popular among crypto fans. It is more of a matter of doing careful research and proper discretion. Even in a trusted exchange, people could still fall for useless shitcoins.
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July 16, 2020, 11:06:51 PM
 #32

These exchanges are worthy of our trust, no wonder they keep as the top listed because it as proven already and people brought them on the top for the reason that they get satisfied with their services. Hacking events never have to expect with but they all have no excuses that we put the blame because of their lapses.

I use Binance for quite a long time and never have a problem with that is why I'd never had to look for another coz I already satisfied and that is very important. But of course, we all have different preferences, may it work good for me but could also be not appreciated by others or having a problem.

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July 17, 2020, 12:24:16 PM
 #33

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.

People are being scammed because they are careless and gullible. To these people, it is not just a matter of which exchange is better or more secure. That is obvious which ones are more reliable. The names like Binance, Okex, etc are already popular among crypto fans. It is more of a matter of doing careful research and proper discretion. Even in a trusted exchange, people could still fall for useless shitcoins.
Even if it is a reliable exchange, it doesn't mean that it doesn't have any shitcoin listed on that exchange. Even in Binance and Huobi have shitcoins listed in their exchange. Many traders do not know how we can say that it is a shitcoin or not. Basically in order for us to know if it is a shitcoin or not, is by looking its market capitalization, on its daily volume and also its liquidity. I agree to you that many people fall from it so even if we use trusted exchange, we should still pick reliable altcoins.
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July 17, 2020, 03:54:25 PM
 #34

Yeah even the ones that we trust so much could be hacked, that is the trouble with trusting the exchanges, you are not just trusting them to be a good place, you are trusting them to continue being a good exchange without getting hacked as well. You know what people thought about old exchanges that got closed? They thought they were legit too, and until the moment they started to scam people, they were actually looking pretty legit as well.

Binance could be an exchange that everyone loves for example, but that doesn't mean some guy would come in and steal all the money from binance and make them lose it all. Or that doesn't mean something could happen that would destroy the cold storage, it is a technology after all and it is not impossible. That is why be careful even with the most liked ones.

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July 17, 2020, 09:31:50 PM
 #35

Yeah even the ones that we trust so much could be hacked, that is the trouble with trusting the exchanges, you are not just trusting them to be a good place, you are trusting them to continue being a good exchange without getting hacked as well.
I dont understand why things change some fast in the mind of every crypto enthusiasts and traders cause every exchange site no matter how reliable it was are not to be trust with huge funds and people are to only save the amount they can afford to loose on exchange site but all this seems not to matter to most crypto investors.

You know what people thought about old exchanges that got closed? They thought they were legit too, and until the moment they started to scam people, they were actually looking pretty legit as well.
There are still old exchange existing exchange site that start up good and later scam people. An example Yobit.

Binance could be an exchange that everyone loves for example, but that doesn't mean some guy would come in and steal all the money from binance and make them lose it all. Or that doesn't mean something could happen that would destroy the cold storage, it is a technology after all and it is not impossible. That is why be careful even with the most liked ones.
Definitely nothing is permanently secure.

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July 17, 2020, 11:20:50 PM
 #36

And why most traders preferred for these names? Because they know they can't be disappointed and they rely upon their trust with. The trust issue is very important in trading and that supposed trading sites would have to resist and find a better solution away from hacking. What did Huobi and Binance, and the rest of OP's list are actually performing an excellent job thus giving them a way to get noticed and being recognized by traders and investors.

But above all, we should also have the concern of our own trades, exchanges isn't giving us everything and that security assurance will also rely on us and what we do during trading.
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July 18, 2020, 06:45:23 AM
 #37

I also think those exchanges hold more reliable project/coins than others,
Shitcoins are there in every exchange. Are you sure of what you are typing in your posts? Roll Eyes

Quote
they research the projects, advice them and give regulations for successful delivery,
They do biased research in order to promote the site. People need to understand that exchange earn from the project owners who token they are listing. They are paid to list the token and paid to promote them. If you need technical research you should do it yourself or hire someone to do it and not listen to spun up articles from exchanges.

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if the project fails to attract good volume of trade they delist.
This I agree. It is important as well.

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have history of hack and no exchange is out-rightly safe from hack so coin traded should be properly managed.
Coin traded has nothing to do with hacking events. History of hack usually has led to the demise of that exchange. None of them have survived a hack and come back with the same brand name. So its better not worth discussing about hacks but only that exchanges need to prevent them.

 
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July 18, 2020, 08:30:08 AM
 #38

These exchanges are well trusted by traders because of their popularity and reputation. As a trader its important to choose the exchange where you will entrust your coins especially that hacking is common nowadays. Binance is one of the top exchange available on the market, if your coins are listed there expect a good volume and its unlikely to turn shitcoins though of course its not 100% guaranteed because it depends on the progress and dev of the project.

So if you're newbies looking for an exchanges, go for an exchange that most traders trust and use.
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July 19, 2020, 02:20:43 AM
 #39

These exchanges are well trusted by traders because of their popularity and reputation. As a trader its important to choose the exchange where you will entrust your coins especially that hacking is common nowadays. Binance is one of the top exchange available on the market, if your coins are listed there expect a good volume and its unlikely to turn shitcoins though of course its not 100% guaranteed because it depends on the progress and dev of the project.

So if you're newbies looking for an exchanges, go for an exchange that most traders trust and use.
Binance has always attracted all investors in this market and of course this is the best liquidity exchange and a lot of potential projects listed here. For me, Binance is more than enough because this exchange has a good reputation and has never stolen investors' money so there hasn't been any FUD for the past 3 years. However, in the past this exchange has been hacked and this is an issue that Binance needs to improve more in the future.

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July 19, 2020, 05:06:36 AM
 #40

Agree that mistakes in choosing exchanges can result in investment in bad projects and also fall victim to scams. Exchanges platforms
are one of the most important keys to success in the trading world. Of all the reliable exchanges mentioned in the opening post, only
Binance exchange is always my choice of trading. Besides having low fees, Binance also has a complete trading feature. So with the
advantages of the Binance, I am more comfortable when trading on Binance exchanges.

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