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Author Topic: Advise ,please, crypto exchange  (Read 121 times)
Nadezhda1997 (OP)
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December 09, 2022, 10:08:14 AM
 #1

Hey,guys! Can you recommend an exchanger with the best rates?
Maybe there is a website where
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mk4
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December 09, 2022, 10:19:08 AM
Merited by NeuroticFish (1), Charles-Tim (1)
 #2

Don't go with best rates, go with decent rates but with high reputation. For this, I'd go with Coinbase for US peeps, and Binance for everywhere else.

As always though — not your keys, not your coins. Only use exchanges for trading, not for long-term holding. https://notyourkeys.org

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December 09, 2022, 10:33:16 AM
 #3

Don't go with best rates, go with decent rates but with high reputation. For this, I'd go with Coinbase for US peeps, and Binance for everywhere else.

As always though — not your keys, not your coins. Only use exchanges for trading, not for long-term holding. https://notyourkeys.org

I second this: always choose the platform (and users!) with best reputation, not necessarily the cheapest ones.

If you have the time, a decentralized exchange can help you at least with the (lack of) withdrawal fees, but you have to learn/understand your ways there since you may give - by mistake - other users the opportunity to scam you.
If you don't and you don't mind the requirement for KYC (however, don't take this lightly), then you'll use a centralized exchange, and MK4's short list is pretty good. There you'll probably need to fill KYC info and you'll have to keep an eye on the withdrawal fees (if the amount is big, it doesn't matter, but if it's small you may want to wait to pay less times the withdrawal fee).

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December 09, 2022, 10:34:12 AM
 #4


Hi. For different pairs, the exchangers have different rates.

 Try going to swapzone

https://swapzone.io/?refId=_4ATM6M65V and there, for a specific pair, see which exchangers offer the best rates.
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December 09, 2022, 10:46:51 AM
Last edit: December 09, 2022, 12:06:56 PM by Antonas1
 #5

Agree with mk4, a trusted exchange is important. Even though it's a bit difficult to choose, maybe you can use these two links as a reference to choose the right exchange for you (DEX and CEX):
1. Top Crypto Exchanges Ranked by Trust Score - by Coingecko
2. Best Crypto Exchanges of 2022 - by Investopedia

edited:
Or you can try to use Crypton Exchange with Utopia wallet. I'm trying it, interesting but sadly it runs very slowly on my computer.
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December 09, 2022, 11:12:06 AM
 #6

Don't go with best rates, go with decent rates but with high reputation. For this, I'd go with Coinbase for US peeps, and Binance for everywhere else.

As always though — not your keys, not your coins. Only use exchanges for trading, not for long-term holding. https://notyourkeys.org
Yes, not your coin on centralized exchanges because you do not have the keys.

But OP should know that Binance and Coinbase make KYC mandatory. There are other centralized alternatives, Current list of exchanges without KYC

For no KYC exchanges, OP may consider to check this: https://kycnot.me/

For a decentralized exchange, https://bisq.network/

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December 09, 2022, 11:21:40 AM
 #7

Don't go with best rates, go with decent rates but with high reputation. For this, I'd go with Coinbase for US peeps, and Binance for everywhere else.
I'd like to vouch for bybit as well. Clean UI, faster interface and no overloads or shutdowns at all during times of extreme volatility. In the past, I've seen binance hanging/lagging and even not opening during sudden and larger BTC movements, but bybit worked flawlessly each time (atleast for me, since I use it personally too).
<snip>
Dont even know if that exchange you're talking about  is even popular and/or reputable, and you should not shill your referral links here, its against the forum rules mate.
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December 09, 2022, 08:08:44 PM
 #8

Are you looking for an immediate exchange? Because you mentioned the best rates, I assume. Just be cautious when through using instant exchange. There are numerous scammers and fake websites. It is preferable if you can find your desired coin or token on a decentralized exchange. Otherwise, use a centralized exchange to consider buying coins and then transfer them to a non-custodial wallet. Don't always go for the cheapest option because it would lead you lossing funds. Keep in mind that storing your coins is never a safe in centralized exchange. I have been using Binance, you may take a look.

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December 09, 2022, 11:02:37 PM
 #9

I agree with mk4 but Binance also has binance.us which is also a good alternative for coinbase but the only problem is it requires KYC. So if you value your privacy then the best alternative is to use a P2P exchange like bisq which is already mentioned above and if you are trading on Bisq as a seller you can give the best rate and profit compared to trading on a centralized exchange.

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December 09, 2022, 11:22:58 PM
 #10

Hey,guys! Can you recommend an exchanger with the best rates?
Maybe there is a website where

In most cases, you will find reasonable rates if you deal with a person to person transactions or P2P compared when trading against the direct conversion of an exchange. Try to check the Binance P2P feature on Binance.com but even if you check it out, can you consider those rates as "Best" or it will satisfy you?

You can also reach out to your local community to see if there's a direct buy and sell service there although you need to be vigilant as lots of scammers will surely watch you. But as a user who browses the internet for a long, I'm sure you should already know how to protect yourself.
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December 11, 2022, 06:45:05 PM
 #11

Don't go with best rates, go with decent rates but with high reputation. For this, I'd go with Coinbase for US peeps, and Binance for everywhere else.

As always though — not your keys, not your coins. Only use exchanges for trading, not for long-term holding. https://notyourkeys.org

Exactly!

The reason why so many people got cheated by FTX was they had the lowest fees and they were doing that because they didn't care if they made money from you trading or not. They were making money by stealing your deposits.

Nobody will work for free so if you see the promised profits are too high from an investment like staking or the fees are too low it should be a red light.

Also, no matter how trusted a third party is there's always a small chance they'll scam you so make sure you're safe. Do a quick exchange in and out and don't trust them with your money for longer than you have to.
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December 12, 2022, 09:06:01 AM
 #12

The best exchanges, in my opinion, are Binance, OKX, KuCoin. For most tasks of the average crypto user, they are quite suitable. It makes no sense to pay attention to the best rates, pay attention to liquidity, security and trust in exchanges. There are exchanges that offer the lowest possible rates and beginners go to them, but in the end it turns out that it was a trap and they lose their money.
These are the exchanges that I am using, I first started with Binance, it is a good exchange, I prefer Binance mobile and desktop app which is the best to me, but because of KYC, I look for more exchanges. My second exchange was Huobi, it is a good exchange too. Followed by OKX which I am using very well with Binance now. Followed by Kucoin which has been the one that has not requested for anything related about KYC except if I want to use p2p, but I will not.

Only what I do not like about OKX is when I click on coin pair, it will be loading everytime I click on it, although it do load successful and within a short time, but it is annoying. It is a very good exchange though.

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