Safest Exchanges in the World

[m2017]

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.

PayPal is an extra intermediary between the user and crypto. User-Crypto-User system can function perfectly without such extra links. Adequate crypto-users will never use this services from PayPal because they know the flaws in their offer and PayPal's main audience, these are people who are far from crypto-currencies.

In general, the services offered by PayPal and any exchanger are identical. In terms of implementation, too. The risks are the same here and there. The choice between PayPal and exchanger shows the choice of the lesser evil. Both options should be avoided whenever possible.

[virasog]

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.

If the OP had followed your advice and opted for FTX, he must have been ruined by now. I know that FTX was a reputed exchange at that time but still it scammed.
Binance is the world no 1 and i guess the most trusted exchange as they have witness the most withdrawals during the FTX crash and they still survived, Still i won't say that binance is 100% safe, yet but maybe it is better from other exchanges.

I will suggest that both the ideas of trusting one exchange too much, or using different exchanges at a time is not good. Rather select one exchange but deposit only little amount required for trading and if you have bought some bitcoin / altcoins in spot immediately move them out in your personal wallet. Even for swing trades, which may be active for few days to few weeks, move the coins out of the exchange.

[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.

If the OP had followed your advice and opted for FTX, he must have been ruined by now. I know that FTX was a reputed exchange at that time but still it scammed.
Binance is the world no 1 and i guess the most trusted exchange as they have witness the most withdrawals during the FTX crash and they still survived, Still i won't say that binance is 100% safe, yet but maybe it is better from other exchanges.

I will suggest that both the ideas of trusting one exchange too much, or using different exchanges at a time is not good. Rather select one exchange but deposit only little amount required for trading and if you have bought some bitcoin / altcoins in spot immediately move them out in your personal wallet. Even for swing trades, which may be active for few days to few weeks, move the coins out of the exchange.

Yes, he/she probably would have been ruined if he chose FTX alone. But that's not the point. OP asked for exchanges where he/she could make trading positions and distribute his/her coins. Which exchange would you have recommended him/her? Would it have been valid to recommend him/her YoBit because YoBit until now is still alive and kicking? Would have it been valid to recommend him/her Graviex, for example, which is unknown, has lower volume, less trusted, and so on?

Common sense would have it that you would recommend him/her the largest, most popular, most trusted, most solid, most established exchanges out there. Those who have the largest volumes.

But this is the problem with these kinds of exchanges. You cannot take away risks however large and popular they are.

[libert19]

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.?

Nothing is completely safe, you could put portion of your funds into hardware wallet and rest on exchange for trading. So you don't lose it all.

Regarding secure exchange, I'd stick with binance (cliché, I know). There are also dexes available on popular blockchain platforms where it's not like 'you completely hand over money' which you could use, but they come with their different share of risks.

[Baoo]

In general, Binance and Coinbase are definitely the best exchanges but regrettably they are centralized, you’re not even allowed to get the private key, that means the holdings are under their control not yours. In addition to that, your anonymity is not guaranteed. In my opinion, it is safer to use decentralized exchanges such as, Uniswap and Pancakeswap although they are not easy to use unlike centralized ones but they provide a high security and safety. In fact, your funds are controlled by you and regarding the regulations there is no KFC standards and same goes to AML.

Furthermore, the safest way to store your crypto is absolutely hardware wallet due to they are physical devices. The best ones in market are Ledger Nano , Trezor model T and Ellipal Tina, they are highly recommended and not costly ( around $100-$200 for each )However, if you are a holder or investor , then hardware wallet would be the best option for you.

[Renampun]

...

Nothing is completely safe, you could put portion of your funds into hardware wallet and rest on exchange for trading. So you don't lose it all.

Regarding secure exchange, I'd stick with binance (cliché, I know). There are also dexes available on popular blockchain platforms where it's not like 'you completely hand over money' which you could use, but they come with their different share of risks.

for those who really want to make long-term investments, keeping your assets in CEX is wrong, saving in a hardware wallet, software wallet or paper wallet (which you fully control it) is absolutely safe (I already wrote it in the previous post).

because dex gives users full wallet access, dex is the best choice to be safe, but the bad thing that often happens to dex is a lack of liquidity (for active traders, they are hated), so most active traders don't like dex and lean more towards cex. indeed, whether it's dex or cex, they still have their own weaknesses, you need to prepare yourself to choose whether you want to trade on dex or cex, besides that, don't underestimate security. remain skeptical.

[tabas]

There have been suggestions about FTX within less than a year when OP asked this. And this is what's the nature of exchanges, we'll never know who's going to be the next exchange to bite the dust and that's why for OP even if we suggest you the best exchanges that we have in mind so that we save fees away from transferring in and out of our balances. It's best to be mindful when we're leaving our funds on them. There's no safe exchange anymore even if the most known and popular, you can't be sure with them if they'll be the next FTX. That's why if you happen wanting to save fees, just deposit the amount that you think will be totally fine whether it's gone or not.

[Baofeng]

There have been suggestions about FTX within less than a year when OP asked this. And this is what's the nature of exchanges, we'll never know who's going to be the next exchange to bite the dust and that's why for OP even if we suggest you the best exchanges that we have in mind so that we save fees away from transferring in and out of our balances. It's best to be mindful when we're leaving our funds on them. There's no safe exchange anymore even if the most known and popular, you can't be sure with them if they'll be the next FTX. That's why if you happen wanting to save fees, just deposit the amount that you think will be totally fine whether it's gone or not.

Yeah, if we go back then, it seems that FTX is solid and could be one of those exchanges that you can recommend to someone. But we all know that happen with the mismanagement of SBF resulting to a total collapse. So what lessons we learn for here? There's no such thing as safest exchange, they can be under threat from hackers and criminals and even from government regulations. And worst is the the people behind is the one bring downfall to it, no one is going to see that until it's too late. So we really need to be very vigilant on how much money we left in a exchange as history tells us that it is not good practice to just let it sit here, thousands of dollars worth and then the next day, that exchanges is in troubled.

[milewilda]

There have been suggestions about FTX within less than a year when OP asked this. And this is what's the nature of exchanges, we'll never know who's going to be the next exchange to bite the dust and that's why for OP even if we suggest you the best exchanges that we have in mind so that we save fees away from transferring in and out of our balances. It's best to be mindful when we're leaving our funds on them. There's no safe exchange anymore even if the most known and popular, you can't be sure with them if they'll be the next FTX. That's why if you happen wanting to save fees, just deposit the amount that you think will be totally fine whether it's gone or not.

Yeah, if we go back then, it seems that FTX is solid and could be one of those exchanges that you can recommend to someone. But we all know that happen with the mismanagement of SBF resulting to a total collapse. So what lessons we learn for here? There's no such thing as safest exchange, they can be under threat from hackers and criminals and even from government regulations. And worst is the the people behind is the one bring downfall to it, no one is going to see that until it's too late. So we really need to be very vigilant on how much money we left in a exchange as history tells us that it is not good practice to just let it sit here, thousands of dollars worth and then the next day, that exchanges is in troubled.

We know that there's no such thing about lasting like forever, there's always an end line for everything and would really be depending on how it would really be ending up.Just like on what mentioned it could neither be a major exploit or exchange hack or would really be also about regulation issues or from the owner itself.We've seen lots of type, i do remember about even that so popular exchange Poloniex and Bittrex.
These exchangers didnt really experienced out some hacking but rather this is a regulation problem on where it did really make that full switch up into a very heavily centralized exchange where KYC is really that mandated, until Binance do sets in. Yes, FTX is known next in line about being popular and when it comes to volume until it comes to this where filing up some bankruptcy which it did really affect out its users heavily.

Recently we do have some rumors or saying that it would be restarting.
FTX says it may restart its collapsed crypto exchange
https://www.fastcompany.com/90881156/ftx-may-relaunch-collapsed-crypto-exchange

Do we really believe that they would be able to get the same trust after all the things happened? I dont think so!
There's no such thing about safest exchange because anytime tables could turn upside down without even you knowing or been expecting for it to happen.
This is why its never been ideal on storing your funds on exchangers and making it as your main wallet.

[Baofeng]

There have been suggestions about FTX within less than a year when OP asked this. And this is what's the nature of exchanges, we'll never know who's going to be the next exchange to bite the dust and that's why for OP even if we suggest you the best exchanges that we have in mind so that we save fees away from transferring in and out of our balances. It's best to be mindful when we're leaving our funds on them. There's no safe exchange anymore even if the most known and popular, you can't be sure with them if they'll be the next FTX. That's why if you happen wanting to save fees, just deposit the amount that you think will be totally fine whether it's gone or not.

Yeah, if we go back then, it seems that FTX is solid and could be one of those exchanges that you can recommend to someone. But we all know that happen with the mismanagement of SBF resulting to a total collapse. So what lessons we learn for here? There's no such thing as safest exchange, they can be under threat from hackers and criminals and even from government regulations. And worst is the the people behind is the one bring downfall to it, no one is going to see that until it's too late. So we really need to be very vigilant on how much money we left in a exchange as history tells us that it is not good practice to just let it sit here, thousands of dollars worth and then the next day, that exchanges is in troubled.

We know that there's no such thing about lasting like forever, there's always an end line for everything and would really be depending on how it would really be ending up.Just like on what mentioned it could neither be a major exploit or exchange hack or would really be also about regulation issues or from the owner itself.We've seen lots of type, i do remember about even that so popular exchange Poloniex and Bittrex.
These exchangers didnt really experienced out some hacking but rather this is a regulation problem on where it did really make that full switch up into a very heavily centralized exchange where KYC is really that mandated, until Binance do sets in. Yes, FTX is known next in line about being popular and when it comes to volume until it comes to this where filing up some bankruptcy which it did really affect out its users heavily.

Recently we do have some rumors or saying that it would be restarting.
FTX says it may restart its collapsed crypto exchange
https://www.fastcompany.com/90881156/ftx-may-relaunch-collapsed-crypto-exchange

Do we really believe that they would be able to get the same trust after all the things happened? I dont think so!
There's no such thing about safest exchange because anytime tables could turn upside down without even you knowing or been expecting for it to happen.
This is why its never been ideal on storing your funds on exchangers and making it as your main wallet.

Nah, as the saying goes "fool me once, shame on you; fool me twice, shame on me". It has caused a lot of pain and hardship to their investors, and we might think that the effects might be just contained to crypto markets. But I have the speculation that it could trigger chain of events, just like what we have seen as a lot of banks are also collapsing in dire need of government bail out, or simple collapses and go bankrupt.

And there are still ongoing cases against SBF and his cohorts. And then their investors or shall we say those celebrities that are tie in with SBF and FTX are not being investigated, subpoena, or worst cases being filed against them.

So it's not easy as it sounds that anyone would just reboot this exchange.

[BitcoinsGreat]

Regarding secure exchange, I'd stick with binance (cliché, I know). There are also dexes available on popular blockchain platforms where it's not like 'you completely hand over money' which you could use, but they come with their different share of risks.

Its always better to stick to the most popular exchange where most people trust them for their money. I know Binance has recently a lot of issues being faced but still, it is better to stick to Binance than to any other XYZ exchange.

The risk is a deposit in centralized exchange always exists no matter if it is binance or any other exchange, and we need to mitigate the risk ourself by not depositing the extra money on the exchanges and withdrawing the money back to our personal wallet and if we are buying any coin in spot, better withdraw it too if you are buying it for mid to long term.

[bbc.reporter]

There have been suggestions about FTX within less than a year when OP asked this. And this is what's the nature of exchanges, we'll never know who's going to be the next exchange to bite the dust and that's why for OP even if we suggest you the best exchanges that we have in mind so that we save fees away from transferring in and out of our balances. It's best to be mindful when we're leaving our funds on them. There's no safe exchange anymore even if the most known and popular, you can't be sure with them if they'll be the next FTX. That's why if you happen wanting to save fees, just deposit the amount that you think will be totally fine whether it's gone or not.

Yeah, if we go back then, it seems that FTX is solid and could be one of those exchanges that you can recommend to someone. But we all know that happen with the mismanagement of SBF resulting to a total collapse. So what lessons we learn for here? There's no such thing as safest exchange, they can be under threat from hackers and criminals and even from government regulations. And worst is the the people behind is the one bring downfall to it, no one is going to see that until it's too late. So we really need to be very vigilant on how much money we left in a exchange as history tells us that it is not good practice to just let it sit here, thousands of dollars worth and then the next day, that exchanges is in troubled.

You might know this already after much information was shared by sweet Caroline and the Chinese quant Gary Wang during Sam's trial, however, for the people who has not followed the trial, it appears that from the statements of the witnesses on the stand, FTX did not collapse because it was mismanaged. It collapsed because it was a scam from the beginning.

FTX's collapse was not an accident. It was something that was certain to happen. It was only CZ who triggered the collapse when he commanded Binance to dump FTT.