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Author Topic: Those reliable exchanges on the market  (Read 1186 times)
bitgoldpanther1978
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July 30, 2020, 11:25:40 AM
 #61

I try many exchange but i put much money in catex because i love to earn passive income on their staking which is good enough income for the month even i do not do actual buy and sell of crypto.


What token anyway do you choose for staking to cat.ex dude? Because, as far as I know when I checked this cate.ex you are
referring at most of the token for me don't have enough demand, and the period of time was too long also, even there is 7 days or 1 month
I don't know if I am right with my thought about this one.
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July 30, 2020, 02:30:57 PM
Last edit: July 30, 2020, 04:19:04 PM by Rodeo02
 #62

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.

Don't forget that exchange can also delist a coins in their exchange  so its not really safe buying any Altcoins and it can be a shit coins in the future, so no one knows even if its listed in popular exchange such as binance they can also be delisted if that currency doesn't have anymore demand and volume same with other exchange.

For choosing an exchange you can try those exchange that use by many people, but like other said don't  just stored it an exchange and use only exchange when you plan to convert your coins to other currency  and its is much more secured if you stored it in your own wallet.
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July 31, 2020, 03:16:02 PM
 #63

Binance, & Coinbase I think are the best suitable exchange not only for begineers but also the best for the experts. Many exchange sites are been shut down due to small amount of traders due to their failed systems and too much problems. Binance deserves to be the top exchange site right now. They seem that they will offer more improvement in their platform. Trades with discounts are a huge help for those small traders.

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July 31, 2020, 08:33:45 PM
 #64

Honestly I do not use bittrex anymore because the GUI is not as good as binance, but I do trust them, the KYC thing is never a problem for me because I did give my KYC to binance as well, they have all my information and my picture and everything, I do not mind it. I know who I am and I know who they will share, if anyone wants my information from them I would be fine with them sharing it, I don't care.

So, it is not KYC reasons why I quite bittrex, I did moved to binance long before bittrex started to ask for KYC, binance also doesn't ask it if you are under certain level and I am under that certain level so I didn't had to do KYC and yet I still did. Long story short, KYC is not only reason why people move to other places, there are other reasons why they could move as well.
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August 01, 2020, 06:09:21 AM
 #65

binance and Okex are the two best exchanges mentioned. although sometimes I also like huobi, however, for now, I prefer to use one of the two exchanges that I mentioned. moreover, binance, I quite like the events that they sometimes create.

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August 01, 2020, 10:08:28 AM
 #66

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.

Don't forget that exchange can also delist a coins in their exchange  so its not really safe buying any Altcoins and it can be a shit coins in the future, so no one knows even if its listed in popular exchange such as binance they can also be delisted if that currency doesn't have anymore demand and volume same with other exchange.

For choosing an exchange you can try those exchange that use by many people, but like other said don't  just stored it an exchange and use only exchange when you plan to convert your coins to other currency  and its is much more secured if you stored it in your own wallet.
In Binance, delisting is now usual especially because of the shitcoins out there that doesn't have enough 24hr volume. Binance is one of my top choices in terms of exchange even though it has a past hacking issues before,  their CEO make sure that the funds of the investors will never get stolen. In terms of KYC in Binance,  I do not have any issues with it and also in the withdrawals. They also have the best support in exchanges and it is the reason why a lot of traders are using it as exchange.
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August 01, 2020, 10:46:27 AM
 #67

Binance has demonstared trust over time even when they were hacked. Bittrex also seem decent and I am on a look for BitMax, they are currently doing well beyond my imagination.

I have no doubt using Binance. But Bittrex is now requiring KYC, so not using that exchange anymore. I used to trade some alts before in Bittrex. Other exchanges mentioned by the OP are popular ones. But even though they are known to the community, it is always better to safeguard your coins. So as much as possible, secure your coins in your own wallets.

Binance is no doubt much better than Bittrex at the moment. Before I like Bittrex but until one day they disabled my account all of a sudden,
due to that, I need to submit KYC then my assets were there I submitted or comply the KYC for the sake of my token that was stored on Bittrex
then after I verified my KYC I withdraw all the assets I have in there. One more thing Bibox, Lbank, Houbi, and Okex was also a good exchange too.
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August 01, 2020, 02:21:30 PM
 #68

binance and Okex are the two best exchanges mentioned. although sometimes I also like huobi, however, for now, I prefer to use one of the two exchanges that I mentioned. moreover, binance, I quite like the events that they sometimes create.

Binance will be enough to be used for trading, even for new people who don't have much knowledge about trading, but they must learn more if they want to profit from trading. Binance still the big exchanges among the other exchanges, and if you use binance, you don't need to fill KYC if you don't need it. That will be your benefits because you don't have to send your documents to the exchanges. Binance itself has many good IEO, which you can use as the investment.

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August 01, 2020, 04:34:55 PM
 #69

We always choose bigger exchange and forget many small exchange but could make some coin suddenly up more than 100% like IDEX and hotbit, I get many coin could pump above 200% in IDEX or Hotbit and never get news with bigger exchange to make some coin pump on higher price until now.

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August 01, 2020, 07:14:52 PM
 #70

Honestly when they hack you for 7000 bitcoins and you continue like nothing happened and never show that issue to customers themselves, you get A+ in my book without a doubt. These guys got hacked like crazy, it wasn't a small amount neither, 7k bitcoin worths 81 million dollars right now, 81 million dollars is bigger amount than 90% of peoples incomes yearly, probably more as well, so they have lost so much money that they could have just said "we are sorry, we can't handle this loss, we are closing" and just exit scam.

Not only they didn't do that, they didn't charged the customers one cent from that, they just paid it from their own pockets from the money they made on the trading fee's and they continued their business like nothing happened at all. How could you not trust that.
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August 02, 2020, 03:03:34 AM
 #71

binance and Okex are the two best exchanges mentioned. although sometimes I also like huobi, however, for now, I prefer to use one of the two exchanges that I mentioned. moreover, binance, I quite like the events that they sometimes create.

Binance will be enough to be used for trading, even for new people who don't have much knowledge about trading, but they must learn more if they want to profit from trading. Binance still the big exchanges among the other exchanges, and if you use binance, you don't need to fill KYC if you don't need it. That will be your benefits because you don't have to send your documents to the exchanges. Binance itself has many good IEO, which you can use as the investment.
I feel very safe sending KYC at Binance exchange, and my information is very safe since using this exchange. If you don't like it then you can skip the KYC part because this exchange doesn't require users to do this. However, if you want to participate in Binance programs or participate in IEO projects, KYC is a must for all customers. In addition to Binance, other exchanges such as Okex, Huobi, Gate, Kucoin also secure customer information very well.
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August 02, 2020, 10:17:15 AM
 #72

We always choose bigger exchange and forget many small exchange but could make some coin suddenly up more than 100% like IDEX and hotbit, I get many coin could pump above 200% in IDEX or Hotbit and never get news with bigger exchange to make some coin pump on higher price until now.


Most of the time traders are only focusing with big exchange especially those who are doing leverage or those who are into day trades as they are more

interested with the real action than those pumped and dumped manipulations, traders who are dealing with this business are making good profits even it's not that kind of huge increase.

Managing your funds and focusing with your day trade opportunities than trying to get instant profits but the kind of risk are very high.

Pump and dump actions  which possibly you'll be trapped along the way, also, bot there are many action from  small exchange that being catered you really have to consider everything to lessen your chance losing your investment.

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iv4n
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August 02, 2020, 11:01:11 AM
 #73

"We estimated 504 cryptocurrency exchanges as of to date, but this can change at any moment. 259 of these exchanges are tracked on CoinMarketCap, while others are still in their start-up period. According to CMC, we have 18,998 markets in which we can trade crypto."

Source of quote: https://www.cryptimi.com/guides/how-many-cryptocurrency-exchanges-are-there#:~:text=We%20estimated%20504%20cryptocurrency%20exchanges,which%20we%20can%20trade%20crypto.

So from all these exchanges you really think just 5 are reliable? Who think this is true is wrong, there're many reliable exchanges. The ones in the op list are just the biggest ones, and most popular, but don't underestimate smaller ones, they can be same as good as the big ones. Exchange where I spent most of the time is Kucoin, and I have other 4-5 exchanges where I am active once or twice per week.

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August 02, 2020, 11:29:15 AM
 #74

binance and Okex are the two best exchanges mentioned. although sometimes I also like huobi, however, for now, I prefer to use one of the two exchanges that I mentioned. moreover, binance, I quite like the events that they sometimes create.

Binance will be enough to be used for trading, even for new people who don't have much knowledge about trading, but they must learn more if they want to profit from trading. Binance still the big exchanges among the other exchanges, and if you use binance, you don't need to fill KYC if you don't need it. That will be your benefits because you don't have to send your documents to the exchanges. Binance itself has many good IEO, which you can use as the investment.
I feel very safe sending KYC at Binance exchange, and my information is very safe since using this exchange. If you don't like it then you can skip the KYC part because this exchange doesn't require users to do this. However, if you want to participate in Binance programs or participate in IEO projects, KYC is a must for all customers. In addition to Binance, other exchanges such as Okex, Huobi, Gate, Kucoin also secure customer information very well.

I feel the same as you, and my binance account has already been verified for a long time ago. So far, I don't have a problem while trading on binance, and sometimes I participate in some IEO projects. If the exchanges can protect their customers, doing KYC will not be a problem for the customer because they trust the exchanges to save their documents in their database.
All Binance services are very secure, so there will be no problems when you KYC here. I submitted all my documents and ID last year and have never felt worried about security because I trust this exchange. Binance is considered the largest exchange in the crypto market and is involved in many new areas so you can be assured of using the service here.






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August 02, 2020, 01:04:02 PM
 #75

I would suggest that you familiarize yourself with decentralized exchanges that do not require KYC and registrations.

Uniswap
https://app.uniswap.org/#/swap

Kyberswap
https://kyberswap.com/swap

While you will see a few downsides in the form of large commissions and slow trades, but you retain complete control over your funds and other parties cannot influence your trades.

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August 02, 2020, 08:50:31 PM
 #76

...2. Binance... 

I like that there are many Fiat pairs on this exchange, including the national currency of my country. This is very convenient and allows you to easily withdraw your money to your credit card with a small commission of 1%. I also added funds to my account on the exchange using a credit card in just 5 minutes.

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August 03, 2020, 04:55:00 AM
 #77

I would suggest that you familiarize yourself with decentralized exchanges that do not require KYC and registrations.

Uniswap
https://app.uniswap.org/#/swap

Kyberswap
https://kyberswap.com/swap

While you will see a few downsides in the form of large commissions and slow trades, but you retain complete control over your funds and other parties cannot influence your trades.
I don't like decentralized exchanges because these exchanges often do not have good liquidity, so there will certainly be very few people choose to trade here.

In my opinion, the centralized exchange attracts more customers because it has a nice interface and has a strategy to attract many new investors. I have tried trading a lot of decentralized exchanges but after a month of use I have returned to popular exchanges like Binance, Kucoin or Okex because it is so much better.

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August 03, 2020, 11:17:36 AM
 #78

All Binance services are very secure, so there will be no problems when you KYC here. I submitted all my documents and ID last year and have never felt worried about security because I trust this exchange. Binance is considered the largest exchange in the crypto market and is involved in many new areas so you can be assured of using the service here.

Was it worth verifying an account on Binance? Do you really make 2 BTC daily trades? If not, than what was the reason to pass KYC?
Verified account is not as saved as not verified. All the security measures are up to you. If you search on the forum, you might find topics that users with verified account still got banned or their account got frozen.

 
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August 03, 2020, 12:41:35 PM
 #79

I feel the same as you, and my binance account has already been verified for a long time ago. So far, I don't have a problem while trading on binance, and sometimes I participate in some IEO projects. If the exchanges can protect their customers, doing KYC will not be a problem for the customer because they trust the exchanges to save their documents in their database.
All Binance services are very secure, so there will be no problems when you KYC here. I submitted all my documents and ID last year and have never felt worried about security because I trust this exchange. Binance is considered the largest exchange in the crypto market and is involved in many new areas so you can be assured of using the service here.

That is why many people used binance to trade, and I am sure that many of the traders are not fills KYC because they can accept the limitation in withdrawal. Binance is still trying to give the best for their members, and I am sure binance won't make them disappointed, and if the members have a problem, the support system will help them solve the problem.
Binance is too secure during this time but in the past customer information was stolen and that's every single thing that made me feel very worried. Now that news has been forgotten and probably not many people know at this forum so there is still a risk when you KYC.

I have sent KYC in the past but with what is happening now, I also feel that Binance's service is very good and hope they will better protect customer information.

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August 03, 2020, 12:42:29 PM
 #80

I agree that traders want real volume, they want real liquidity, that way they could actually make huge trades without ruining the whole exchange, a place where there is only a few million volume on bitcoin/usdt will mean that if bunch of real traders come together they could play with it like crazy but they could also get hurt, but look at binance, they have a giant volume and we all know it is real because we have seen people dump a ton of money in there without moving it too much hence that means the buyers were real unless binance was so adamant about looking real that they took it all but I doubt that is profitable for them.

So, in the end I would say that people pick better exchanges not because of any other reason than liquidity since all they care about is their trading being uninterrupted.

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