Cryptocurrency trading platform

[Pasa32]

I think binance will be best and secure among all of them because i'm familiar with binance and i'm trading since two years and having in great profit till yet, as it's verification very tough and users didn't get entry without verification, so it is a plus point of binance i think, i'm also happy for trading in binance, so it would be a better choice as well.

[bamb]

Binance exchange is one of the most trusted centralized Cryptocurrency exchange!  The platform has been functioning properly since it's inception!  The biggest trade in bitcoin and altcoin is happening on binance exchange daily.  Binance have also forked ethereum chain to launch it's own chain and this have given birth to pancakeswap decentralized exchange! And there is a lots of educational material about defi,  Dallas,  Dao and other decentralized services offer by the exchange!

[LimLims]

Op i can understand your pain.
But glad that toy have great information regarding the exchanges.
My question is that if there are already good centralised exchanges there, then why to choose for decentralised one?
Use Binance as it’s the best and Trusted.
You can go for Idex but it’s not recommended.
Hope this helps you OP.

[ItsCrafty]

Mostly i'm trading in centralized platform like Binance because they are more secured and day by day they are adding more security to it in the forms of best verification that are not easily has access to opened by anyone. So, its verification and security are tough. That's why i preferred it to you.

[perfect999]

Cryptocurrency trading is the most popular investment method in the current market. There are many trading platforms for crypto trading. Such as Binance, Kucoin, Bittrex, Poloniex etc. Among them I trade Binance trading platform, Binance is currently one of the best centralized trading platforms for cryptocurrency trading

The Binance you said you’re making use of also has a P2P platform for those that are looking for such. On their website you’re going to see an option for you to go p2p, and this is completely decentralized, you make the decisions for yourself by choosing who you want to trade with and which payment method you want to make use of. So, Binance is already a platform that covers centralized trading and decentralized trading, if that’s the platform you prefer to make use of. Binance P2P is mainly what I make use of and I also make use of Paxful which is also a P2P trading platform.

[arbifahrozy]

As crypto trading is growing day by day and it is also a source of getting more profit every day or even after some time. But there is situation that there have some loss too, many people are thinking that trading is very easy but once they entered the market they lose their most of the money in it without knowing anything.

[Ryker1]

Mostly i'm trading in centralized platform like Binance because they are more secured and day by day they are adding more security to it in the forms of best verification that are not easily has access to opened by anyone. So, its verification and security are tough. That's why i preferred it to you.

Verifications and securities that CEX is providing their clinets, 2fa is what i really love to iuse when using centralized exchange it's adding extra layer of support since exchange will ask for the code before allowing any log activities to your account.

Binance and other CEX have this features plus the fact that binance also have high volumes trades which is more easy to work if you are also into day trading.

Well enabling 2fa will surely have a good security feature that you can sure your account will not hack but what if the exchange itself gets a hack that will be the problem here. Binance was hacked once and I hope they learn from that mistakes and avoid compromising again from the hackers. But I believe still Binance is a good centralized exchange among others and that is perhaps the reason they are the number choice of most traders because also the season of their promise that your fund has SAFU by them. However, DEXs exchange is good but the trading volume is very low it will hard to make a profit in a short period of time.

[n0tailbg]

I think you are bothering too much. In my opinion, a centralized exchange and a decentralized exchange can be subject to different attacks. Because of this, you can lose your funds. Therefore, I just keep my coins in cold wallets and only in exceptional cases resort to cryptocurrency exchanges. A list of good cryptocurrency exchanges can be viewed here https://cryptogeek.info/en/exchanges, I hope there are real reviews on this site.

[xwshamim]

I have almost used all the exchanges there is.  But most of them i liked binance and kucoin both of them have great user interface and anyone can use it.  If they see nay videos on youtube

[DarkDays]

Binance as one of the trusted centralized exchange.

Despite the regulatory crack down, Binance remains one of the most popular centralized exchanges! Regular traders prefer it...

Then, Idex for me as most trusted decentralized exchange but its limited with Ethereum and altcoins which are mostly ERC20.
Another problem is the volume.

To me it feels that there's no point using decentralized exchanges which are less stress-tested, limits you on the number of coins and most importantly volume.
For particular alts, you can't dump or buy if volume isn't there which is super irritating. But we all have our own needs...

[Kayum10029]

As a cryptocurrency trading platform, there are many exchanges in which you can choose by understanding the security and benefits. In my opinion Binance Exchange is very important as a trading platform. Below are some of the popular exchanges as trading platforms.

Binance exchange
Kucoin
Gate Io
Ftx
Bilaxy
Uniswap

[Benefactor]

That is unreasonable to most dealers, in light of the fact that each task needs individuals to help out the advancement of every single coin. With no real cooperation, I figure each financial backer will not form trust on a specific undertaking. The lone benefit of DEX right is they are completely decentralized yet soon it will be left behind again once there issue on speed and charge didn't sold actually like what occurred on ETH energy when they can't deal with the Crypticity volume.

[bittraffic]

One argument I've read was that as long as the platform has CEO, it wouldn't be 100% decentralize because the CEO could still be approached by authorities and coins in the exchange can be confiscated by the government. If this is the case then we really have a hard time seeing which DEX could be a real DEX and can be trusted. I'm so far confident in trading while our coins are in the wallet though,

[tygeade]

Honestly, it is not about which trading platform you use these days because most of them look like each other. Binance is great, that is my cex go to place and probably a million other people as well, it is obvious and nobody disputes that, I can't say if it is the best one or not but I can say that it is definitely the most used one without a doubt.

Dex is uni and cake as well, those two are huge and everyone knows them, it is definitely one of the best as well, you can use binance in order to move money around between the three of them, and using metamask as my wallet for it as well. When you combine all of this together, you end up with basically making as much profit as possible and use only the ones that everyone else uses. I just like popularity, when one place is used by more people than any other place, that usually means a big thing for me.

[zahed]

Centralized trading platform is more secured than Decentralized .You can get huge volume on centralized market on the other hand the volume is too low on Decentralized exchanges .I always use Centralized exchange to trade .So i think you should use Centralized exchange .

I do not think so ,  Becuase in the centralized exchanges you have not control your fund because they didn’t not provide seed or key but decentralized exchanges you have access to control your funds and also you don’t necessary to Kyc.

[Victorycoin]

Centralized trading platform is more secured than Decentralized .You can get huge volume on centralized market on the other hand the volume is too low on Decentralized exchanges .I always use Centralized exchange to trade .So i think you should use Centralized exchange .

I do not think so ,  Becuase in the centralized exchanges you have not control your fund because they didn’t not provide seed or key but decentralized exchanges you have access to control your funds and also you don’t necessary to Kyc.

I also like decentralized exchanges because I can be safe as long as I have a capital wallet merchants avoid kyc sites in order to trade more kyc scams. Binance is much better for trading platforms investing here is easy and without a doubt you can make a profit and save there is no fear of losing funds.

[LUCKMCFLY]

I do not know if you remember it, but in 2017 just when the bullish trend occurred, everything came out of Bitfinex, of course it is worth highlighting the whole problem with tether, but mostly both the bullish and "Shorts" scenarios were from Bitfinex, currently there are some Very good exchanges, among them one of the best or perhaps the best is Binance, also due to the trading volume they handle.

Some exchanges such as DEX, Biswap among others are also widely used today, but despite the fact that many exchanges, or most require KYC, operators prefer to have to go through these requirements just to guarantee the safety of their funds, which, is For this reason, Binance is still at the top.

[Mkmanik]

Trust wallet has Dapps which gives you access to uniswap and pancake swap. Seems to be a good setup and much secure than any centralize exchange.

Yeah. If I need to use a Decentralized exchange, I like to use the Trust wallet Dapps function. I feel safe there, But for trading there I created some other account when my funds are only for trade. Not for store altcoin.

I do not think so ,  Becuase in the centralized exchanges you have not control your fund because they didn’t not provide seed or key but decentralized exchanges you have access to control your funds and also you don’t necessary to Kyc.

Nowadays Decentralized exchanges are more popular. But a few years ago it was not so popular. Because at Decentralized exchange there was not enough volume, liquidity,order book, etc. So people like to use Centralized exchanges like Binance, Kucoin. I have no problem with KYC. With the help of KYC, I get some extra facilities at Centralized exchange. Also, Binance now offers SAFU, So my funds are safe there.

[jaberwock]

The KYC being unnecessary isn't true at all, the big exchanges are requiring them now especially with big deposits or even just the deposit feature. Wouldn't you also have no control over your funds technically with decentralized exchanges too if you're funds are stored there?

It’s only centralized exchanges that are requesting for KYC. It’s just like Binance, it’s centralized, and at some point you will be required to fully verify your identity before you can trade to a certain amount. That’s the same thing with Coinbase, you will have to verify yourself and you will also have to submit your picture to them to prove that you’re the one on your ID. But, that’s not how a decentralized exchange works, in decentralized it exchanges you don’t have to give your information, and the trade is P2P. Both CEX and DEX has their advantages and disadvantages, and whatever works best for you, you just stick to it.

[Jazzi Mahesh]

There are lots of Crypto currency trading platforms but look for the one who have good reviews and expert traders.