Safest Exchanges in the World

[Potato Chips]

That's good news if they are now allowed to withdraw and deposit Bitcoin in Paypal.

Last I heard, withdrawals are only in the US and it could still be in the middle of rolling out to some users. Better to double check if the account indeed supports it unless you don't mind waiting for who knows when.

[TheGreatPython]

I know you should always have your coins on a hardware wallet.

But for my trading position I don't want to put the coins on a hardware wallet because that would be too cumbersome but I want to distribute the coins on several exchanges.

In your opinion, what are the most secure exchanges in the world, i.e. where can I be most sure that the exchange will not go bankrupt, be hacked, etc.?

If you have lots of cryptos then yes it would be better to store them in a hardware wallet because number 1 is you can easily afford to get one even the best quality in the market today and number 2 is that hardware wallets are known to be more robust than the commonly used online wallets.

I see that you are also trader and its indeed hassle to just withdraw or depo the coins in an exchange every time you feel the need to trade, not only that but its also time and money consuming (the fees) so why not store a good portion of your coins inside the exchange? Binance and kuckoin are only two of the most safest exchange that I know. I only cant assure that they won't be hacked but maybe they can return your money if ever something bad happens to them.

[Darker45]

I understand that you're looking for a platform where you can have a position. Of course, there are always risks involved when having funds in exchanges. But I generally believe it is much easier for a smaller and unknown exchange to suddenly exit, become insolvent, go bankrupt, and so on. So it is generally safer to choose those large exchanges that are trusted by many, established, and have a more or less long and solid track record. And since you're planning to distribute your funds to several exchanges, then I guess you should try to check FTX, Binance, KuCoin, Huobi, ByBit, and Okex.

[noorman0]

Historically, all the top exchanges including Binance have experienced hacks in the past. It may not be the case for small exchanges because they aren't attractive targets for hackers, but that doesn't mean they don't have other problems with customers. In conclusion, there is no answer to your question.

Certainly a difficult choice for active traders. So, it's best to trade the amount you are willing to lose due to the safety of the exchange.

[coin-investor]

Hello,
I know you should always have your coins on a hardware wallet.

It's good that you understand this, its a mark of a good holder that you know where you keep your coins, and a hardware wallet is the right place

But for my trading position I don't want to put the coins on a hardware wallet because that would be too cumbersome but I want to distribute the coins on several exchanges.

In your opinion, what are the most secure exchanges in the world, i.e. where can I be most sure that the exchange will not go bankrupt, be hacked, etc.?

Unless you know all the risks of putting your coins in exchange I can recommend Binance, Kucoin, and OKEX, these are three of the exchanges that I'm comfortable trading my coins, but I'm more on trading on decentralize exchange, trading on the top exchange in the industry will give you peace of mind than trading on a new and unpopular exchange, it's still best to not hold your coins on exchanges for a long period of time.

[Oshosondy]

That's good news if they are now allowed to withdraw and deposit Bitcoin in Paypal.
Paypal is founded in the year 2000 they serve customers for many years and it is proven trusted and it's a highly secure financial service.
Yes, it's centralized and regulated I just recommend the safest one and there is no 100% safest option hardware can be still hacked physically but it is less exposed to any online attacks.

PayPal still have the complete control because they are centralized and they are very strict with customers. People depending on them do not know the reason that led to the creation of bitcoin which is for people to have the complete control over their own money. But people are using exchanges, custodial wallet and custodial organisations like PayPal to store their coins. But there is nothing better than going for noncustodial wallet.

Last I heard, withdrawals are only in the US and it could still be in the middle of rolling out to some users. Better to double check if the account indeed supports it unless you don't mind waiting for who knows when.

Even If withdrawal is beyond US, I can never make use of PayPal than using it for fiat, not crypto.

Historically, all the top exchanges including Binance have experienced hacks in the past. It may not be the case for small exchanges because they aren't attractive targets for hackers, but that doesn't mean they don't have other problems with customers. In conclusion, there is no answer to your question.

Certainly a difficult choice for active traders. So, it's best to trade the amount you are willing to lose due to the safety of the exchange.

You are correct, but not all top exchanges have been hacked though, but any exchange can be hacked at anytime.

[teramit]

not a perfect answer but regulated means they are safer then any other exchange
best regulated exchanges are:
Coinbase
Gemini
Kraken

FinCEN, FINTRAC, FCA are regulators in different countries for these exchanges
more info :
https://www.youtube.com/watch?v=CSj8smV63Es

[stompix]

not a perfect answer but regulated means they are safer then any other exchange
best regulated exchanges are:
~snip

Can we stop recommending people any kind of exchange? I've gone through this topic and I saw the name of FTX four times as recommended exchange, making it the top of the safest ones out of the myriad of scams and it turned out to be a ...total scam!

How would you feel if one of those you listed fill for bankruptcy the same as FTX with zero coins in the wallet and OP comes here and tells how he lost his life savings?
Let's just stop assuming one is better than the other and focus on cold storage be your own bank, that's the principle of cryptos, if you want to use coins use your own wallet, if you don't care about coins and you just want to trade just trade on a platform where there are not even coins and you trade indices.

 

[stefan466]

I almost put money in FTX. Glad i did not.

[stomachgrowls]

I almost put money in FTX. Glad i did not.

Lucky call! 

Can we stop recommending people any kind of exchange? I've gone through this topic and I saw the name of FTX four times as recommended exchange, making it the top of the safest ones out of the myriad of scams and it turned out to be a ...total scam!

How would you feel if one of those you listed fill for bankruptcy the same as FTX with zero coins in the wallet and OP comes here and tells how he lost his life savings?
Let's just stop assuming one is better than the other and focus on cold storage be your own bank, that's the principle of cryptos, if you want to use coins use your own wallet, if you don't care about coins and you just want to trade just trade on a platform where there are not even coins and you trade indices.

Some would really just be posting or suggesting on something which is the current one of the top exchangers before or platforms which it would really be creating that
kind of feeling inside that it is really safe among others which is something that cant be blamed out or simply people do just bandwagon on what they do saw on what
others been suggesting.

Its true that nothing is safe when we do touch up exchange platforms.Once you do sent out your funds on exchange which you dont possess the keys
then its not your coins anymore.

[rat03gopoh]

Exchanges won't be able to meet "safe" standards from various people's perspectives. Especially about the dirty business scandals run by the founders that the average user can barely detect. In conclusion, there is no "safe" word when you entrust your funds to a third party
Also don't believe in naive author's article reviews (for example ^[1]), consider them a joke.

1. https://www.cryptovantage.com/best-crypto-exchanges/safest-cryptocurrency-exchanges/

[joniboini]

I almost put money in FTX. Glad i did not.

Thank god. It is FTX turn this time, who knows what happen in the future. Your sentence can easily change to "I almost put money in Binance. Glad I did not."

It is almost impossible to not live without risk when you use a CEX or other centralized services. Just gotta live with it or change the way you do things. Glad things turned out OK for you OP. I've seen many people lose life savings because they feel bothersome dealing with cold-hot wallet transfers because they want to trade easily.

[Woodie]

Hello,
I know you should always have your coins on a hardware wallet.

This is not true, it's all about preference and having to throw a couple of dollars in a luxury crypto product  

But for my trading position I don't want to put the coins on a hardware wallet because that would be too cumbersome but I want to distribute the coins on several exchanges.

Bad idea mate, so as long as you don't have access to those wallets privates keys to are standing on thin ice and this has been preached year in year out... "Not your private key, not your coins" you don't want to be caught on the wrong side of crypto users should something happen to any of those exchanges.

In your opinion, what are the most secure exchanges in the world, i.e. where can I be most sure that the exchange will not go bankrupt, be hacked, etc.?

When it comes to the world of finances trust nobody not even your shadow! Besides best exchanges and what not I don't have any on the list as most secure but I would prefer a dex over a Cex as I have full access of my wallets pvt key.

[sheenshane]

I almost put money in FTX. Glad i did not.

Thank god. It is FTX turn this time, who knows what happen in the future. Your sentence can easily change to "I almost put money in Binance. Glad I did not."

I think there's no problem if your intention is to trade and then withdraw them all later after your session on exchange but storing it in a long term isn't a good decision.  

People or traders embraced CEX just because of these pros.

• High Liquidity
• High Trading Volume
• High Trasaction Speed

But storing your fund in CEXs for the long term isn't ideal.

[Renampun]

I almost put money in FTX. Glad i did not.

you make me jealous LOL. until now I still have big hopes the funds that I put in FTX can be returned quickly because I really need it.

Exchanges won't be able to meet "safe" standards from various people's perspectives. Especially about the dirty business scandals run by the founders that the average user can barely detect. In conclusion, there is no "safe" word when you entrust your funds to a third party
Also don't believe in naive author's article reviews (for example ^[1]), consider them a joke.

1. https://www.cryptovantage.com/best-crypto-exchanges/safest-cryptocurrency-exchanges/

no one can be trusted, especially exchanges that say they have it (high security), I've been traumatized by FTX, and even major media spread the good news about him. the safest way to store assets is to store them in a personal wallet (software wallet or hardware wallet). at the moment I only use exchanges to exchange my crypto for my country's currency if I need it. until whenever a third party cannot be trusted.

[albon]

Hello,
I know you should always have your coins on a hardware wallet.

But for my trading position I don't want to put the coins on a hardware wallet because that would be too cumbersome but I want to distribute the coins on several exchanges.

In your opinion, what are the most secure exchanges in the world, i.e. where can I be most sure that the exchange will not go bankrupt, be hacked, etc.?

Yes, this is true. Hardware wallets are safer than all central exchanges that are vulnerable to hacking, bankruptcy, and others. But if you want to trade, I advise you to trade on top exchange platforms such as Binance and Coinbase. It has a reserve fund in the event of any accident to compensate affected users, but do not send all your wealth at once, but In parts and at separate intervals, and you must read the terms of use well before you deposit your funds, as Binance warns its customers not to trade with countries and individuals subject to sanctions and it takes this condition seriously, and you must verify well the source of the funds that you will deposit on these exchanges, because if they discover that the source of this money is illegal, they will immediately freeze your crypto and permanently ban your account. Therefore, you must read their terms of use and adhere to them.

[m2017]

Hello,
I know you should always have your coins on a hardware wallet.

But for my trading position I don't want to put the coins on a hardware wallet because that would be too cumbersome but I want to distribute the coins on several exchanges.

In your opinion, what are the most secure exchanges in the world, i.e. where can I be most sure that the exchange will not go bankrupt, be hacked, etc.?

Yes, this is true. Hardware wallets are safer than all central exchanges that are vulnerable to hacking, bankruptcy, and others. But if you want to trade, I advise you to trade on top exchange platforms such as Binance and Coinbase. It has a reserve fund in the event of any accident to compensate affected users, but do not send all your wealth at once, but In parts and at separate intervals, and you must read the terms of use well before you deposit your funds, as Binance warns its customers not to trade with countries and individuals subject to sanctions and it takes this condition seriously, and you must verify well the source of the funds that you will deposit on these exchanges, because if they discover that the source of this money is illegal, they will immediately freeze your crypto and permanently ban your account. Therefore, you must read their terms of use and adhere to them.

Of course, hardware wallets are incomparably better and safer than centralized exchanges, but you should not blindly trust all manufacturers and what they say. Closed source devices are just as questionable as centralized exchanges, even well-known and big ones. All exchanges brag about their reliability, up to one unpleasant moment. The same thing may well happen to some devices.

Top exchanges inspire more confidence, but as history reminds, this doesn't guarantee anything either (Mt.Gox, FTX). I would not be 100% sure of the availability of reserve funds until it is confirmed by serious and respected audit companies, or better, several.

Regarding the conditions of exchangers - they can at any time come up with any reason to take away your money and agreeing to their terms, each user actually remains vulnerable and dependent on their decisions.

[Smack That Ace]

Yes, this is true. Hardware wallets are safer than all central exchanges that are vulnerable to hacking, bankruptcy, and others.

Using a hardware wallet is arguably more secure when you're in control of your own assets, but I don't think exchanges are any easier to hack. When it comes to security, I believe exchanges will do better than us. What I fear when leaving money on exchanges is that we do not fully control our assets, they can go bankrupt, and freeze our accounts at any time.
In general, no method is absolutely safe, everything is risky, but I prefer to manage my own assets rather than letting someone else manage.

[libert19]

You could trade on dexes, they have less risks than counterparties (bankrupt? No. Hacked. Yes). For leveraged trading use dapps like pika protocol — they work with hardware wallet too.

[NotATether]

BTW, PayPal allows users to withdraw Bitcoin to external wallets anytime if you wanted to transfer it into your external wallet.  A hardware wallet could be the right choice because it has security features that can protect your wallet and never leave a footprint on any computers that you'll use.

I do not trust their bitcoin offering. PayPal is like a big firewall to crypto and they are notorious for banning accounts that have any links to crypto activity. So I don't know why someone would risk using PayPal when exchanges can adequately fill the hole for you.