Which Cex is the Best centralized exchange with the lowest fee

[Forever101]

My people abeg o, make una give me update on the best centralized exchange wey person fit dey use ooo, because this there charges fit cut person head. Una senior men for the ministry, abeg make una give us update.

Make una also give us update on how to escape over charges on Centralized exchanges. Thank u in advance

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[Charles-Tim]

For no-KYC centralized exchanges: Kucoin. For KYC centralized exchanges: Bybit. Other suggestions: Binance (KYC), Huobi (no KYC), MEXC Global (no-KYC), OKX (no-KYC below $5000 in total withdrawal).

To exchange bitcoin or any other crypto to naira, all the exchanges require KYC.

For no fee trading, use convert if available.

Altcoins fee are low on almost all exchanges, except for ether and ERC20 tokens. For bitcoin withdrawal, OKX has lower fee, but still high as those exchanges charge too much fee than needed.

[SmartGold01]

All centralized exchange uses fee but are very minimal in a way you won't noticed it that much, or possibly could be charge either during withdrawing your assets or something within the exchange. What I will advice you is that do not deposit any funds in exchange without passing their kyc because their stories changes within most especially when they noticed there is fund involved.

A closed relative who made a mistake with XLM deposit memo on gate.io, sending funds from there to Binance till date they have refused to refund his XLM after Binance retuned it back from the exchange where it was originally withdrawn, Gate.io refuses to credits the xlm to reflect back to his balance till date which is about 2 weeks.

What I am trying to say is that we should be very careful with all these centralized exchanges because they are there to steal people's funds.

[Charles-Tim]

All centralized exchange uses fee but are very minimal in a way you won't noticed it that much, or possibly could be charge either during withdrawing your assets or something within the exchange. What I will advice you is that do not deposit any funds in exchange without passing their kyc because their stories changes within most especially when they noticed there is fund involved.

Have you seen bitcoin withdrawal on exchanges? Is that minimal? Some exchanges trading fee do not worth it because they are too high. It is better to check the ones that are better.

Some exchanges do not require KYC. Exchanges like Kucoin, OKC, MEXC.

A closed relative who made a mistake with XLM deposit memo on gate.io, sending funds from there to Binance till date they have refused to refund his XLM after Binance retuned it back from the exchange where it was originally withdrawn, Gate.io refuses to credits the xlm to reflect back to his balance till date which is about 2 weeks.

What I am trying to say is that we should be very careful with all these centralized exchanges because they are there to steal people's funds.

If your friend send to a noncustodial wallet, that would not have been a problem. If someone is not careful, exchanges will not refund the money back. It is also good to send to the right address, and to include memo when necessary, I mean when sending to an exchange address.

[DaNNy001]

For no-KYC centralized exchanges: Kucoin. For KYC centralized exchanges: Bybit. Other suggestions: Binance (KYC), Huobi (no KYC), MEXC Global (no-KYC), OKX (no-KYC).

To exchange bitcoin or any other crypto to naira, all the exchanges require KYC.

For no fee trading, use convert if available.

Altcoins fee are low on almost all exchanges, except for ether and ERC20 tokens. For bitcoin withdrawal, OKX has lower fee, but still high as those exchanges charge too much fee than needed.

Thanks for update , I never knew kucoins is kyc free as I have been some issues verifying my binance account due to the fact that my bvn has already been used for linking with another binance account but now that I know this, I think I will try out this kucoins exchange although am not convinced that any exchange will have good market price rate for peer to peer transaction like that of the binance app because with all exchanges I have compared with binance so far, it is far still better when it comes to price difference.

[Mate2237]

I know sae piple don tok well well for you. But weti I go first ask you be sae, weti you wan do? You wan buy or sell bitcoin? For Binance and Ramitano if you dey buy and sell dem no dey charge. These are the two major centralized exchange I know in my country though oda ones dem dey but dis two nai bi di konkon. So if u wan to use anyone, na dis two wey dem tell me to use nai me to go tell u to use o. There are some exchange you may use dat you will even regret to use am.

[Hyphen(-)]

My people abeg o, make una give me update on the best centralized exchange wey person fit dey use ooo, because this there charges fit cut person head. Una senior men for the ministry, abeg make una give us update.

As Charles-Tim talk am, na so e be. E get some exchanges wey de very good and dem de reputable because people don de use dem for long, exchanges like Binance, Bybit, Kucoin and so on, Although dem no de reliable, but for trading purpose, dem de user-friendly and easy to use.

If you wan just buy Bitcoin and send out to your personal wallet, den make you use kucoin because you no go need kyc unless you wan de verified to do p2p transaction for d exchange.

Make una also give us update on how to escape over charges on Centralized exchanges. Thank u in advance

This one depend on d coin wey you wan send out.
Most exchanges get fixed price for transaction from different chain in which Ethereum chain na d highest.

But if you wan send USDT to another exchange, you fit avoid the 1$ charges by buying TRX, sending TRX is very cheap because dem go only charge you 1.5 TRX which is around 0.1$, I think one de cheap.

[royalfestus]

For no-KYC centralized exchanges: Kucoin. For KYC centralized exchanges: Bybit. Other suggestions: Binance (KYC), Huobi (no KYC), MEXC Global (no-KYC), OKX (no-KYC).

To exchange bitcoin or any other crypto to naira, all the exchanges require KYC.

For no fee trading, use convert if available.

Altcoins fee are low on almost all exchanges, except for ether and ERC20 tokens. For bitcoin withdrawal, OKX has lower fee, but still high as those exchanges charge too much fee than needed.

Thanks for update , I never knew kucoins is kyc free as I have been some issues verifying my binance account due to the fact that my bvn has already been used for linking with another binance account but now that I know this, I think I will try out this kucoins exchange although am not convinced that any exchange will have good market price rate for peer to peer transaction like that of the binance app because with all exchanges I have compared with binance so far, it is far still better when it comes to price difference.

Although it is possible to use KuCoin without completing the identity verification process, there will be a withdrawal limit placed on your account. To fully utilize the services provided by KuCoin, it is necessary to undergo the KYC process. Therefore, if you want unrestricted access to KuCoin, completing the KYC is required

[BIT-BENDER]

I no know what your reasons are by honestly I go like make you talk am, why are you interested in centralized exchange, if you have paid attention here on the forum you go see say centralized exchange is not highly regarded here and there are reasons for than. Normally crypto-currency value wey e get over other financial system is it's decentralized nature, where no person get control over am.

So except there is something special you see in centralized exchange I go advice you against am try find better decentralized exchange.

But if you insist let this thread help in your selection.
https://bitcointalk.org/index.php?topic=2906237.msg29885570#msg29885570

[Igebotz]

All centralized exchange uses fee but are very minimal in a way you won't noticed it that much, or possibly could be charge either during withdrawing your assets or something within the exchange. What I will advice you is that do not deposit any funds in exchange without passing their kyc because their stories changes within most especially when they noticed there is fund involved.

Have you seen bitcoin withdrawal on exchanges? Is that minimal? Some exchanges trading fee do not worth it because they are too high. It is better to check the ones that are better.

Some exchanges do not require KYC. Exchanges like Kucoin, OKC, MEXC.

You are required to complete a LV1 KYC to trade or make minimal $5k a day withdrawal on OKC. do we really have any CEX that allows trading and withdrawal without passing KYC? i doubt.

A closed relative who made a mistake with XLM deposit memo on gate.io, sending funds from there to Binance till date they have refused to refund his XLM after Binance retuned it back from the exchange where it was originally withdrawn, Gate.io refuses to credits the xlm to reflect back to his balance till date which is about 2 weeks.

What I am trying to say is that we should be very careful with all these centralized exchanges because they are there to steal people's funds.

If your friend send to a noncustodial wallet, that would not have been a problem. If someone is not careful, exchanges will not refund the money back. It is also good to send to the right address, and to include memo when necessary, I mean when sending to an exchange address.

Sending it to noncustodial wallet could have been the worse since there is no customer support, well its boldly written if you mess up your transfer its on you and some CEX will not refund your missing fund, if you put in the incorrect memo tag  its on you and not the Exchange.

[Charles-Tim]

You are required to complete a LV1 KYC to trade or make minimal $5k a day withdrawal on OKC. do we really have any CEX that allows trading and withdrawal without passing KYC? i doubt.

I have withdrawn many time on OKX without any KYC. Also on Kucoin.

Sending it to noncustodial wallet could have been the worse since there is no customer support, well its boldly written if you mess up your transfer its on you and some CEX will not refund your missing fund, if you put in the incorrect memo tag  its on you and not the Exchange.

You are not getting it correctly. Exchanges and other centralized sites are the ones that require memo. Not required on a noncustodial wallet. If the memo is not correct on centralized sites, like exchanges that would be a problem that will require you to contact customer care. The exchange may have rules for such issue that might lead to money loss, rules like if the amount sent is not up to certain amount. In anything like this, centralized sites are always not better than you having your private key. Some exchanges have given me problem before, but noncustodial wallet can not because it is my keys and coins, not an exchange keys.

With the correct ripple address and tag, I remember when I sent ripple to my one of my exchange accounts and nothing reflected until the second day when they refund me after contacting their customer care, ripple falled that time and I lost more than 30% of my money because I wanted to withdraw to fiat.

That is just one of many examples, others which I won't be able to discuss for now. Do not compare exchanges and noncustodial wallet, it is not your keys on exchanges.

[royalfestus]

You are required to complete a LV1 KYC to trade or make minimal $5k a day withdrawal on OKC. do we really have any CEX that allows trading and withdrawal without passing KYC? i doubt.

I have withdrawn many time on OKX without any KYC. Also on Kucoin.

I apologize for the question, but may I inquire about the highest amount you have withdrawn? Personally, my usage of KuCoin involves primarily small trades and withdrawals, so I don't possess extensive knowledge on larger transactions.

[Zaguru12]

I apologize for the question, but may I inquire about the highest amount you have withdrawn? Personally, my usage of KuCoin involves primarily small trades and withdrawals,

I don’t get how much you might meant by small withdrawals but I have been able to process withdrawals of close to $500 worth of usdt and bitcoin without KYC. According to their support you can actually withdraw more as the maximum limit for withdrawals without KYC is 1btc. But for fiat trading like P2P you must do your KYC verification no matter how much you wish to withdraw.

I don't possess extensive knowledge on larger transactions.

They seems quite a reputable CEX although they had once be faced with issue of hack in the past but customers got there funds back. You can trade there but do not leave your funds on the platform.

[royalfestus]

I apologize for the question, but may I inquire about the highest amount you have withdrawn? Personally, my usage of KuCoin involves primarily small trades and withdrawals,

I don’t get how much you might meant by small withdrawals but I have been able to process withdrawals of close to $500 worth of usdt and bitcoin without KYC. According to their support you can actually withdraw more as the maximum limit for withdrawals without KYC is 1btc. But for fiat trading like P2P you must do your KYC verification no matter how much you wish to withdraw.

I'm discussing withdrawals in the range of $5000 or more. Certain Centralized exchanges may associate the withdrawal limit with Bitcoin (0.5-1 bitcoin with KYC), but as with many centralized exchanges, amounts exceeding $5000 are typically subject to a daily withdrawal limit.

[Zaguru12]

I'm discussing withdrawals in the range of $5000 or more. Certain Centralized exchanges may associate the withdrawal limit with Bitcoin (0.5-1 bitcoin with KYC), but as with many centralized exchanges, amounts exceeding $5000 are typically subject to a daily withdrawal limit.

Even KuCoin associate limit to Btc for no KYC verification users and looking at the current value of 1 bitcoin ($26k plus) your $5000 worth can be achieved but again you can trade in fiat. For those who underwent the KYC they have a daily limit of about 200 bitcoin and also 500000usdt for P2P platforms. so if you’re considering trading in fiat or large amounts then you just have to be verified or just go for decentralized exchanges

[Doan9269]

Each exchange has there own rate they charges from making a transaction for you, but it is also expected of you to know that exchanges could be nasty in some of the ways they make those charges which could be beyond a bearable limit, i will advise you always know the current transaction fee limit from the mempool in other to know if you're been over charged by any of the centralized exchanges, you can also make weekend transactions which often havelesser fee due to the mempool not being congested, read more on the these exchanges from Ratimov list under huge list cex, dex, atm, no kyc exchanges
https://bitcointalk.org/index.php?topic=5270416.0

[Lida93]

It goes well to see how plenty people don drop multiple solutions to your Cex palava. But one tin I just wan talk be say, abeg no dey leave your coins for inside any Cex for long oh. Infact if you must keep coins there make it be say nah very small coins wey if casala happen it no go affect you cos we all know how money hard to get for we country. So any small change person don try get make him hold am with care and wisdom. Try dey keep your coins for your own non-custodial wallet cos Dem day "not your keys not your coins oh".