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Author Topic: Rate the Exchange based on your Experience  (Read 253 times)
KryptoKings (OP)
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May 21, 2021, 10:11:56 AM
 #21

I have used binance, huobi global, bittrex and all of them are good exchanges. I have not experienced any issues with deposit and withdrawal yet.
Their liquidity is also good and most buy and sell orders get completed within seconds.
Decentralized exchanges are obviously better but the problem is most of them are not compatible with multchains.
Also their fee is high because they don't deduct from tokens.
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July 21, 2021, 09:48:21 AM
Merited by Symmetrick (1)
 #22

Im using Poloniex for a long time already and problems with it.
Also Kraken nice for me.
I' using HitBTC - i like everything here, except fees. Also no issues now or in past.

yes, im also Binance customer, but no trust to it from my side. Its like a bomb with timer, but you have no idea when it will ring the bell.

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July 21, 2021, 04:03:59 PM
 #23

i have little experience with Binance and they support system is very smart and cool, including Bithumb is another good exchange to with fast support
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July 23, 2021, 10:27:17 AM
 #24

Being a crypto holder, you all must have used one or more exchange at some point of time or most of you frequently use it.
Please share which exchange you find much better in terms of customer support and issues resolution.
This is not for exchange that has high liquidity because we all know of them.
This rating should entirely be based in terms of their customer support,duration of kyc process etc.

Nothing beats Binance and Kucoin, they only list coins with good potential in the market, the support is great, Binance has everything you are looking for an exchange, these two deserve to be the leaders in the exchange industry, I have no problem trading on Kucoin, since trading there three years ago until, I can rate these two exchange with 5 star ratng and no one will and can argue.

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August 04, 2021, 05:14:35 AM
 #25

Binance will be my first choice. It has the best support system. Also if you want to do KYC at Binance exchange, It will take only 5 minutes.
Kucoin live chat support system is also very fast. A few days ago I tried to talk with support and my experience was very smooth. Kucoin is one of my favorite exchanges at all.

I am also using Bithumb, The live chat system is fine. They are very active. Not yet did KYC at Bithumb, So I have no idea how long it takes to complete KYC. But my experience with Bithumb is good.
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August 04, 2021, 10:10:48 AM
 #26

Bittrex has a fast duration of the KYC process because I did that a long time ago and the KYC process finished in less than 2 days. But I do not know about their KYC services or support system right now as I do not have a problem. That was the same as Binance because I was already doing KYC with Binance, Bittrex, and Poloniex from a long time ago before those markets became bigger. I do not know about KuCoin because I am still at the basic members and need to upgrade to increase the withdrawal limits, which I do not need right now. I also have a HitBTC account, but I do not verify myself because I do not trade too often.

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September 23, 2021, 09:11:34 PM
 #27

I would like to talk about hotbit.io. I feel like they are abusing the withdrawal fees imposed to users. You can deposite values from 0.0001 btc on, but to cashout you have to pay an absurd fee of 0.001 btc and they say it's due to network costs. That is actually a lie, because I've just paid 15 cents or so in withdrawal fees at Coinbase against 44 dollars of Hotbit.io. If you are a small, medium trader or use hotbit.io to receive coins not supported in another exchanges, you will have a hard time making enough profit/income until you are able to cashout something from this exchange. In fact it's a total waste of money.

I suggest everyone to avoid this exchange and always check what the withdrawals costs are before depositing money in any exchanges.

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October 08, 2021, 08:23:21 PM
 #28

Being a crypto holder, you all must have used one or more exchange at some point of time or most of you frequently use it.
Please share which exchange you find much better in terms of customer support and issues resolution.
This is not for exchange that has high liquidity because we all know of them.
This rating should entirely be based in terms of their customer support,duration of kyc process etc.

Apart from decentralized exchanges of which btw I advise Bisq, I only use 3 exchanges nowadays. Kraken, Binance and Poloniex. The one I guess outperforms the others is actually Kraken. Kraken has a good support. Fast answers to questions and problems get solved. With Binance, luckily I have never had to request support whereas, for Poloniex, I have reached out to support a couple of times and let's just say the experience was not what I was expecting. All in All, my vouch goes to Kraken as I have been using it for a few years now and always had timely support.
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October 10, 2021, 03:46:18 AM
 #29

Just got to use a new exchange which I got to know about through twitter,and they go by the name of FINXFLO... check them out here---> trade.finxflo.com/trade . Well my first time impression wasn't a rosely one because I had found them during their maintenance works which made the process lengthy  but I found several things different about them, KYC was super fast but what caught my eye was the need to whitelist crypto addresses for both deposits and Withdraws which is a process that takes time (3-5 days) could be shorter. Maybe after this is done process of withdraws and deposits is much faster but initial process is a pain and I thought could this be what will be happening with other exchanges to avoid any hacked or stolen funds from being transferred through exchanges??

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October 10, 2021, 10:38:34 PM
 #30

Just got to use a new exchange which I got to know about through twitter,and they go by the name of FINXFLO... check them out here---> trade.finxflo.com/trade . Well my first time impression wasn't a rosely one because I had found them during their maintenance works which made the process lengthy  but I found several things different about them, KYC was super fast but what caught my eye was the need to whitelist crypto addresses for both deposits and Withdraws which is a process that takes time (3-5 days) could be shorter. Maybe after this is done process of withdraws and deposits is much faster but initial process is a pain and I thought could this be what will be happening with other exchanges to avoid any hacked or stolen funds from being transferred through exchanges??

Whitelisted addresses for withdrawals and maybe deposits is one feature that exchanges uses to add an extra layer of security to users when it comes to withdrawals but since it's not entirely foolproof, I won't bet 100% on it but it's still good to have that extra security just in case. I don't know about you but patronizing smaller exchanges aren't my thing since they tend to have much smaller liquidity and that's something I like to have around whenever I'm trading.

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October 10, 2021, 11:10:15 PM
 #31

Just got to use a new exchange which I got to know about through twitter,and they go by the name of FINXFLO... check them out here---> trade.finxflo.com/trade . Well my first time impression wasn't a rosely one because I had found them during their maintenance works which made the process lengthy  but I found several things different about them, KYC was super fast but what caught my eye was the need to whitelist crypto addresses for both deposits and Withdraws which is a process that takes time (3-5 days) could be shorter. Maybe after this is done process of withdraws and deposits is much faster but initial process is a pain and I thought could this be what will be happening with other exchanges to avoid any hacked or stolen funds from being transferred through exchanges??

As part of testing their exchange, you will really end up in a situation where you have lots of questions and concerns. If you really want to test the site and use them for the long term, as you also already comply with KYC there, I suggest giving them at least a month or more for you to see other reviews and feedback as well to other users.

Haven't heard that exchange and it's the first time in my dictionary. Hope there's no shilling here. Smiley
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