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Author Topic: best place to trade BTC  (Read 603 times)
nzkn (OP)
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January 03, 2021, 04:11:16 AM
 #1

Easy, secure, low-cost to trade crypto. Coinbase just provide services in certain countries. Who can name some . Thank you
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January 03, 2021, 04:31:51 AM
 #2

In my opinion,

crypto <-> crypto: Binance
fiat <-> crypto: your local exchange

Not the easiest but heavily recommended for investors(because no-KYC): LocalCryptos, HodlHodl, Bisq

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January 03, 2021, 04:38:02 AM
 #3

I always find this list useful for people who want a summary for every cryptocurrency that currently exist though the thread is quite outdated for about 8 months now, but it's still pretty useful as most of the top in the list have build their reputation. Just avoid HitBTC as there are multiple scam accusation that has been published here by other members.

Threads worth checking out:
[1] Crypto exchanges comparison [trade fee + listing fee + age + mobile app + more!]
[2] SCAM ALERT LIST - created by JollyGood
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January 03, 2021, 05:11:39 AM
 #4

Easy, secure, low-cost to trade crypto. Coinbase just provide services in certain countries. Who can name some . Thank you

The best place will be no doubt Binance.
It’s one of the best place and offers a larger variety of markets of other coins.
In BTC the withdrawal fees of Binance is currently 0.0005 BTC and it varies depending on then and BTC price.

If you want some crypto to FIAT exchange then localbitcoins is highly preferable and you can also checkout Paxful.
Though both of the services requires KYC to increase your limits.

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January 03, 2021, 06:14:19 AM
 #5

Easy, secure, low-cost to trade crypto. Coinbase just provide services in certain countries. Who can name some . Thank you

The best place will be no doubt Binance.
It’s one of the best place and offers a larger variety of markets of other coins.
In BTC the withdrawal fees of Binance is currently 0.0005 BTC and it varies depending on then and BTC price.

If you want some crypto to FIAT exchange then localbitcoins is highly preferable and you can also checkout Paxful.
Though both of the services requires KYC to increase your limits.
That is right. Binance will be the first place for me to buy and sell bitcoin. He can try to do the same as us, and if he wants to avoid the fee in bitcoin, I guess he can use bnb coin as the fee, so the fee will not be too big. Binance will be the best place to trade bitcoin, and with limitations of 2 bitcoin for the withdrawing for the non-verified user, that will enough for them to trade bitcoin. Besides bitcoin, Binance has other altcoins that can give him a profit.
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January 03, 2021, 11:41:50 AM
 #6

The best place to trade is Binance here not just for BTC but also for other currency exchanges. The official cryptocurrency of the Binance Exchange which allows holders to receive discounts on their Binanace trading fees. BNBO gives Binary Dex decentralized exchange capabilities. With the appliance of the many advantages for Binary Exchange, each makes it suitable for knowledgeable users and novice traders and investors. By investing money for a brief period of your time you'll gain experience through exchanges.
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January 03, 2021, 12:47:35 PM
 #7

Easy, secure, low-cost to trade crypto. Coinbase just provide services in certain countries. Who can name some . Thank you

Even though that top-tier exchanges are not perfect at all, I would recommend Binance for trading Bitcoin. This is the most popular cryptocurrency exchange in the world, and I have met him twice last year. So far, this is the undisputed exchange in terms of users, liquidity and trading volume (and of course, giveaway events).
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January 03, 2021, 01:17:06 PM
 #8

For now I used Bitforex and Probit exchange, because through this platform I got earned weekly on these two.
Weekly? Can you share how you can earn on this, is it like a passive incentives for traders? Aside from the profits gained from doing spot trading. My best prefer is binance due to its volume and friendly user platform, I guess majority here could suggest to OP the same since most of users there are familiar already. Curious with the weekly gains you are saying about probit and bitforex. Ive used these two before but they don't have much volume especially on their new projects listed.

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January 03, 2021, 07:28:32 PM
 #9

For now I used Bitforex and Probit exchange, because through this platform I got earned weekly on these two. In short, earning cryptocurrency is not depend on how big the exchange site platform is. It is always depend in the hands of the individual traders of how He/She going to do it. And this is what I did now actually for a couple of years now.
The first and most important thing aside from trading is the security of one's assets and this is what OP is looking for. I am not comfortable with the exchanges you have suggested. Bitforex know to selectively scam, lock up people's accounts out of nowhere and list scam IEOs and tokens. The other (probit) is very unpopular. Honestly, it's my first time knowing about.

Why would you suggest shady exchanges

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January 03, 2021, 11:41:25 PM
 #10

Binance would be the most suggested exchange of all time.

Easy, secure, low-cost to trade crypto. Coinbase just provide services in certain countries. Who can name some . Thank you
Coinbase is a web wallet and their tandem in trading is their very own Coinbase Pro.

https://pro.coinbase.com/

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January 04, 2021, 01:39:47 AM
 #11

Binance if you're going for day trading. It's pretty user friendly, and afaik it doesn't need KYC (Except if you're in the US, and if you're trading big amounts), which makes it a lot more accessible for most others. If you're going for big buys though, it'd be better to look for OTC offers, since this is a lot easier imo and wouldn't affect the market that much. Yes, it requires KYC, but heck, you're buying a huge amount, after all, there has to be some sort of security for the sellers on their part.

 
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January 05, 2021, 06:54:43 PM
 #12

It all depends on where you live and it depends on what you want to trade. If you want to trade from bitcoin to your fiat currency, you have to find the best one for your own nation, you can't just pick any exchange you want, you can't even technically pick the "best exchange" because you have to pick the one that works with your fiat. However that only works for certain nations, on other nations there are places like coinbase which is still quite fine, and that is with the fiat world.

If you want to trade btc and alts together, without any fiat but just stablecoins, you could simply just go with binance or any exchange like that, which would allow you to continue without disruption. So, basically this all depends on what you want to exchange and what you want to trade, and where you are based from, there is no one correct answer for it.
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January 31, 2021, 02:55:56 PM
 #13

Have tried kucoin and its kinda decent imo. No mandatory kyc, fast since its CEX and has good fees. In there i usually buy chunks of ETH when i feel like it. They also have a plethora of alts to choose from just like those top exchanges if you wanna venture deep into the crypto markets.
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February 01, 2021, 09:44:38 AM
 #14

Easy, secure, low-cost to trade crypto. Coinbase just provide services in certain countries. Who can name some . Thank you
Those three adjectives that you used make up an ideal exchange and that like all other ideal things, don't exist in real but only in dreams. What you need to check is whether the exchanges that your local community used have good acceptance an low number of legit complaints. Then you have to try them out yourself and see which one is working with your needs. What works for one might not work for you.

Also customer support is one of the biggest things to check. Fees for trading will be there, you cannot find one which has very low fees. But still you have screen the options yourself.

Again remeber that complaints are not always legit. Many people attempt to use an exchange to launder money, get blocked and then complain about the site being scam. Ignore these.

Not necessarily binance or bittrex, but any exchange can work out for you. Follow the advice of the users above and mine.

 
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February 01, 2021, 11:37:59 AM
 #15

Another thread: Guide to check fees: Taker, maker, deposit, withdrawal, transaction fees

Binance is best from taker, maker fees and they run many promotions, contests, giveaways and distributions for users. On Binance, you can use your bitcoin to trade with many altcoins in spot, margin, future trades.

You would beware of risks with new exchanges which can run deposits, trade bonuses but you don't know they are scam exchanges and whether will reject your withdrawal requests. Think of exchange reputation first.

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February 01, 2021, 11:44:05 PM
 #16

Have tried kucoin and its kinda decent imo. No mandatory kyc, fast since its CEX and has good fees. In there i usually buy chunks of ETH when i feel like it.
I forgot about Kucoin and yeah I agree that it's also next to Binance in terms of suggestion and convenience. I know that not all exchanges are perfect but in complaints and problems, they're the same as Binance. I hear rare problems about them or I'm not just looking at them whenever somebody just raises it and I entirely miss it.

They also have a plethora of alts to choose from just like those top exchanges if you wanna venture deep into the crypto markets.
I've seen them grow quickly and managed to compete with the top exchanges.

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February 01, 2021, 11:58:20 PM
 #17

List of exchanges according to the coinmarketcap. It has clear data along with volume, exchange score and all. This will ease your mind in picking the right exchange for trading. If you're looking for cryto to fiat exchange, then you need to go with the local exchange based on your country. Other than that I find localbitcoins to be good in their service, and you need to be cautious to stay away from fraudulent traders.

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February 02, 2021, 05:23:22 AM
 #18

In my opinion the best place to trade bitcoin is binance and kucoin because currently two exchange sites are popular and secure.Moreover, the withdraw cost of these two exchange sites is less than other exchange sites.
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February 02, 2021, 06:02:12 AM
 #19

Most of the time, I'm using Binance for crypto <> crypto trades.

I recently moved most of my trades to Ftx.com because they offer much more than Spot & Futures. Ftx also has stocks, leveraged tokens and other interesting products. It sounds a little bit like an ad, but it's nice to see an innovative exchange that deserves to spread the word.

Johnnylovescryptos
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February 02, 2021, 07:53:31 AM
 #20

A lot of us saying Binance but with such an emphasize on one exchange I think it's better we place the eggs in different baskets.
I'm using Binance for trading alcoins, Crypto.com, Digifinex, Kraken. If one exchange collapse at least I still got a certain portion on hand..... to place safe!
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