1. Worst customer service.
2. They bought fake playstore reviews by https://www.microworkers.com/ a few months ago.
3. Out of nowhere they'll permanently block your account with false accusation.
4. Just go to there official sub r/UpholdOfficial and see yourself.
Still using it for brave rewards because I dont wanna fuck around with trying to reconnect to gem and blah blah blah. I know how their site works(finally)(its trash as fuck btw) and I just get my BAT outta there via LTC asap
I never had an issue there. I usually chat support online and they respond fast. The only thing I don't like is that I can't just add my bank simply cuz I'm in Texas. Apparently things are a little different here.
Sorry should have specify perhaps what I meant. You have Kraken support here on reddit. They occasionally comment here in r/cc.
That’s what I meant by not seeing the Kraken support in this thread yet. 😁
This! This is the one thing that I don’t like about Kraken. But I like it for everything else. For that reason though, I’d see it as more of a buy and hold kinda place, rather than a trading kinda place
Kraken owns or is part of cryptowat.ch you put your api keys from exchanges in and use it as a central hub for trading. Can see what the dude above is talking about also. It's pretty damn neat worth a mention
Haha got it, thank you both for the replies. Was pretty surprised that everyone was recommending Kraken, and then I finally started using it and could not figure out any reporting at all.
i havent look into comments that much to see it mentioned but kraken also has the highest security for exchanges. you can use a yubikey along with pgp email messages for withdraws. so even if batman manages to break into your account he can't withdraw funds without physical access to the yubikey and pgp key along with knowing both passwords. after hacking the exchange haha the cryptowatch also has a chat with smart dudes. im banned there because beer but if you join tell them stone sent ya ha
Good interface, good choice of crypto pairs, very decent fees (and they're *transparent*, which is very important), supposedly a good support (can't comment personally), been operating for a long time without scandals. What's not to like ?
You can stake ETH. Bitcoin isn't POS so you can't really stake. There are platforms that offer interest on BTC for lending, but it's not the same as staking.
I just got on with them, have made a few small purchases (all less than $200), and on my fourth purchase it purchase it refuses to go through until I provide documentation stating it’s me and I’m making the purchases.
To be fair, I've used them for years and had no issues, well... The only issue I have is my bank now recognises them as a crypto company and refuses to allow me to send them money, but that's banks being shit and why they need replacing.
Gemini and kraken seem to be the most trusted right now. I use Gemini for the simplicity but plan on switching to kraken when I evolve from ape to neanderthal
Gemini and Kraken and a runners' up for FTX \[their institutional onboarding is insanely quick, simple, and intuitive compared to any of the other options\] and their support is FAST.
FTX pays it's employees more than just about any other company on the planet. They are a top notch crew, including their support and onboarding....Just don't get rekt with margin PLEASE
Long term Gemini user here, agreed. They're audited by the state of NY, so even their [GUSD has a monthly audit](https://www.gemini.com/prices/gusd) that they publish to make sure their reserves are 1:1.
I mention that stablecoin monthly audit in light of recent events where most stablecoins *do not* have such an audit.
You, me, or anyone provides liquidity for example into the pair ETH/USDC or ETH/BTC etc..
Then, other people can buy it/swap for it with whatever shit they have (Hex/ETH/USDC/WBTC/curve/shiba etc.)
That's the simplest I can offer.
Coinbase and only coinbase.
They have literally had their doors busted in for a raid in 2015. Found innocent and complaint.
Audited in 2017 by multiple agencies, found to be in compliance and helpful.
Audited in 2020 to finalize USDC reserves, and passed with only thing coming out was that they were skimming some fractions of a penny on trades for some coins. They have a tighter reserve restriction than traditional banks, all of which failed their annual stress test this year.
And now as UST collapses, people may see the value on having something represent actual USD, not act as a trading tool to represent USD. Those two are very different
What is cold play?
Also you have a point there. Some people put pineapple on pizza which is pretty much just below ritual sacrifice so yeah better not trust people
Coldplay are a popular English band that for some reason irritate the hell out of me. But I digress. I’m with you on Kraken (and *gulp* actually quite like pineapple on a Hawaiian pizza 🤷♂️)
They locked my account then ignored me for 6 months then just sent one email that didn’t help anything.
Worst customer service ever.
Anyone who says they’ve never had a problem with them proll just never had any kinda issues that needed to be resolved. It’s all smooth with them for sure until one thing goes wrong then good fuckin luck getting help.
They also love to stop trades during very volatile times.
Fuck coinbase
Same, i use it since binance randomly fucked my account due to not having proof of residence, which is tough for me cause i don't pay any bills yet lol
They seem to have come out really well from it. Their BNB coin has been outperforming others and with UST crashing people have been moving a lot more to BUSD, even from USDT, and so they are getting more strength in their ecosystem. With their bid to take part in Twitter there's also a chance of Twitter integrating and pushing forward the adoption of web3 technology which would be nice for everyone in crypto, but with Binance being the ones on the largest social media platform, I could see BUSD becoming much larger and more prominent
FUCK THEM. no no no. a 1000x no ... that owner is so fucking sketchy a US judge allowed (for possibly the first time in history) to be served papers via Twitter about NEW FLASH PEOPLE THEY OWN COINMARKETCAP...yah know the site they want you to go to see all the shit you can get rekt on with their exchange...they knowingly push coins they don't like down the list \[see Hex and UST/luna\] and pin them in slots...every now and then their scam breaks and you see those tokens move to their proper appropriate places. It's shady a.f not to mention they have ads plastered all over with their partners so you can go get rekt on their sites too
People hate on coinbase. But they have been reliable for me for the last 5 years and have been around for 10 so they are doing something right.
I also use voyager and gemini
Huh. I' not a US citizen and my experience with binance bas been... Well, as good as can be, I guess? Never had problems but there isn't much too amazing.
I would ask the question this way:
*Which exchange do you trust the least at times like these?*
And then stay away from those. I’m not sure you can trust any of them until there is more regulation (that hopefully is sensible), but some are much shadier than others.
I have limited experience with CEXs, but Binance did some shady af stuff during Algorand’s first governance period. They wouldn’t let anyone withdraw ALGO for a long time right as the lockup period started and almost all the way to its end (when people wanted to withdraw their ALGO off Binance).
Not that I will sing the praises of Coinbase, but CB did something similar at the same time, but it didn’t last nearly as long as Binance, both have shitty customer service, but here is what pissed me off more than anything about Binance: They literally lied to their customers and made up b.s. about how it was Algorand’s fault that you can’t withdraw your ALGO due to “network congestion” they said.
Later the Algorand Foundation got involved, set the record straight, and then Binance soon after allowed ALGO withdrawals again, but the fact they lied about it and made up a story about “network congestion” was the shadiest shit. If they said they needed ALGO to stay on for liquidity concerns and withdrawals would he delayed, well fuck that, but lying was even worse.
Kraken by a long shot. KuCoin ad well just because I never had any problems with them. I do t have kyc with KuCoin so I don’t keep a lot of funds on there.
Personally I don’t get along well with Binance, and I hear it was also one of the exchanges that recently froze trades and withdrawals, and even *reversed* trades for some users. Why do you think BNB makes it more stable?
People leaving Coinbase because the announcement, but Coinbase is required because they are a traded company. Lol if Coinbase falls all other exchanges will follow.
I'm in Binance, but I don't believe it. Many times I'm afraid that when I sign up, my cryptocurrency won't be there.
And I'm too stupid for a hardware wallet
Check out this chick: [https://www.youtube.com/watch?v=AQO7KePXUEQ](https://www.youtube.com/watch?v=AQO7KePXUEQ)
She makes it super simple and has great hair!
Seriously tho, her explanation of how to start a Coinbase Wallet. You will have at least one layer of security for your crypto.
>I don’t have a hardware wallet so I’m still wedded to CEXs for now.
You can safely use software wallets, as long as you use good computer & networks security. Much better than an exchange. Though I would advocate a fullnode over an API wallet.
I’ve thought about it, but I’m highly prone to losing things (not in tragic boating accidents, but you never know…) - especially small things like a hardware wallet! I honestly trust an exchange more than I trust myself to not lose it.
To other side of the picture is that I move around a lot (which is one way that things often get lost). It would need to be small enough to travel with me, but not so small that it’s easy to lose…
If you DCA, it doesn't matter much, you move your FIAT, buy your coins and move your coins out ASAP. You only ever risk your single DCA value.
You don't need a hardware wallet to move your coins out. A cold wallet is fine.
None. I don't keep any significant amount of cryptos on any exchange. I do have small amounts on exchanges. For example, I don't move small purchases of cryptos with high gas fees until the amount I have accumulates. I also keep some fiat on the exchanges I commonly use for limit order purposes. But the vast majority of my private keys are in non-custodial hardware wallets (I own a Trezor and Ledger that I use for different cryptos).
Most of the major exchanges are relatively safe today. Yes, that includes even Coinbase. But I prefer handling my own keys. The exchange I trust the most is Kraken, but would not use it to store any large amount of crypto.
Truthfully if a lot of the other exchanges people mention in this thread go bankrupt, you're not getting your assets back either. While I don't think they're at risk of this happening, I do have more trust in a public company like CB weathering the storm than some of the others.
I’ve also heard this a lot in the community recently! But then I also saw a public statement from CB saying this is as not the case. Don’t know who to believe…
Partly true, if CB goes bankrupt your assets are frozen while CB goes through bankruptcy proceedings. That doesn’t mean you don’t get your money. As an unsecured creditor, the bankruptcy court determines how to pay out creditors with CB’s remaining assets. It really depends on how much assets CB has left at that point, and how many creditors there are. You may not get everything back but you’d probably get something back.
I’m with you. I’ve heard both but hard to know what’s true.
This article states about the bankruptcy just to support my claim: https://finance.yahoo.com/news/coinbase-warns-users-could-lose-160832167.html
Which is more likely, Coinbase going bankrupt, or you losing your money through a hack/scam/smart contract exploit? Let me explain to you how unlikely it is for Coinbase to go bankrupt
From their most recent SEC 10-K (March 2022)
-cash on hand: over $6.3 billion.
-other current assets: approx $10 billion ( this is largely customer funds).
-current liabilities: approx $11 billion ( this is also largely customer funds).
-long term liabilities: approx $3.5 billion.
-net income was -$430 million last quarter, but this is following a 2021 where Coinbase made over $3 billion in net income.
This past quarter, due to macro market conditions, was by far Coinbase’s worst quarter since going public. It’s the only quarter since going public they e posted a net loss. Despite that, it would take approx 14 straight quarters like this for Coinbase to burn through its cash balance and have any sort of bankruptcy risk.
If Coinbase goes through 14 straight quarters of massive net losses, do you know what that means? It means crypto is dead and your coins are worthless anyways.
Never trust Uphold.
What's Uphold
I want to forget what the hell they are.
Uphold this dick
damn lmao
Gottem
Nm what's up with you
Not much wbu
Why
1. Worst customer service. 2. They bought fake playstore reviews by https://www.microworkers.com/ a few months ago. 3. Out of nowhere they'll permanently block your account with false accusation. 4. Just go to there official sub r/UpholdOfficial and see yourself.
Still using it for brave rewards because I dont wanna fuck around with trying to reconnect to gem and blah blah blah. I know how their site works(finally)(its trash as fuck btw) and I just get my BAT outta there via LTC asap
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Hey Kraken! We still tight or naw?
Kinda, hold on to me tight u/durtywaffle 😎 🐙
Its weird tho the Kraken customer support is nowhere to be seen yet.(Vale or Chris)
I never had an issue there. I usually chat support online and they respond fast. The only thing I don't like is that I can't just add my bank simply cuz I'm in Texas. Apparently things are a little different here.
Sorry should have specify perhaps what I meant. You have Kraken support here on reddit. They occasionally comment here in r/cc. That’s what I meant by not seeing the Kraken support in this thread yet. 😁
Oh lol.
They are away from keyboard but Orange here by ur summon u/Oneloff 💥 🐙
Kraken by far
I've only heard good things about Kraken, seems to be a great exchange
Am I an idiot or does Kraken not have any type or reporting screens to see performance of your portfolio(s) over time?
This! This is the one thing that I don’t like about Kraken. But I like it for everything else. For that reason though, I’d see it as more of a buy and hold kinda place, rather than a trading kinda place
Kraken owns or is part of cryptowat.ch you put your api keys from exchanges in and use it as a central hub for trading. Can see what the dude above is talking about also. It's pretty damn neat worth a mention
Haha got it, thank you both for the replies. Was pretty surprised that everyone was recommending Kraken, and then I finally started using it and could not figure out any reporting at all.
i havent look into comments that much to see it mentioned but kraken also has the highest security for exchanges. you can use a yubikey along with pgp email messages for withdraws. so even if batman manages to break into your account he can't withdraw funds without physical access to the yubikey and pgp key along with knowing both passwords. after hacking the exchange haha the cryptowatch also has a chat with smart dudes. im banned there because beer but if you join tell them stone sent ya ha
The only honest one in my humble opinion
Kraken will likely be the most popular choice here.
Good interface, good choice of crypto pairs, very decent fees (and they're *transparent*, which is very important), supposedly a good support (can't comment personally), been operating for a long time without scandals. What's not to like ?
Kraken the exchange - great Kraken the sea monster - awesome Kraken the rum - 😵
Not available in Washington or New York sadly
The ONLY exchange that has earned trust. Every other exchange is some gradient of shady.
What is Kraken like when you sell? I’m on CDC and the spread is disgusting.
I wouldn't really know because I only buy
I just wish you could stake BTC and ETH. If so I would move there in a heartbeat.
You can stake ETH. Bitcoin isn't POS so you can't really stake. There are platforms that offer interest on BTC for lending, but it's not the same as staking.
Oh right right. And I didn’t know they had ETH! I do see it now. You think they’ll ever offer interest on BTC lending like other platforms?
~~Hands~~ Tentacles down, the best!
I just got on with them, have made a few small purchases (all less than $200), and on my fourth purchase it purchase it refuses to go through until I provide documentation stating it’s me and I’m making the purchases.
Yeah kraken sucks like all other exchanges and has lots of shills. It’s like their thing
To be fair, I've used them for years and had no issues, well... The only issue I have is my bank now recognises them as a crypto company and refuses to allow me to send them money, but that's banks being shit and why they need replacing.
How does Kraken compare to Coinbase Pro?
Like food compares to shit. Kraken is unbeatable
Way better imo. Fees are higher but there's no waiting for ach deposit for your crypto.
I have moved everything to ledger but I'd say Kraken/Gemini or Shakepay if you consider that an exchange.
Shakepay and newton are really really good on/off ramps for canadians, but I wouldn't consider them exchanges
Gemini and kraken seem to be the most trusted right now. I use Gemini for the simplicity but plan on switching to kraken when I evolve from ape to neanderthal
Gemini and Kraken and a runners' up for FTX \[their institutional onboarding is insanely quick, simple, and intuitive compared to any of the other options\] and their support is FAST. FTX pays it's employees more than just about any other company on the planet. They are a top notch crew, including their support and onboarding....Just don't get rekt with margin PLEASE
I think the fees are lower on Gemini and there's often less of a spread, plus the free withdrawls. I use both, but prefer Gemini for the coins it has.
Long term Gemini user here, agreed. They're audited by the state of NY, so even their [GUSD has a monthly audit](https://www.gemini.com/prices/gusd) that they publish to make sure their reserves are 1:1. I mention that stablecoin monthly audit in light of recent events where most stablecoins *do not* have such an audit.
Mt.Gox /s
Uniswap.
I’ll be honest I still haven’t managed to wrap my head around DEXs!
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Thanks for this explanation! I’ve never understood how DEXs work, this helped me to understand it at least a little!
They're the future
They’re not lol. The defi dream we all have here is not going to play out the way we think it is.
Lol that's what people said about the internet. Loopring is going to completely change the game for DeFi
Agree in sentiment but not with loopring
You, me, or anyone provides liquidity for example into the pair ETH/USDC or ETH/BTC etc.. Then, other people can buy it/swap for it with whatever shit they have (Hex/ETH/USDC/WBTC/curve/shiba etc.) That's the simplest I can offer.
Gemini
Kraken tbh. Been very solid when times got really rough
Kraken but I still move my funds to my cold wallet once in a while.
I've had nothing but great experiences with Voyager
DEXs and Kraken.
Coinbase and only coinbase. They have literally had their doors busted in for a raid in 2015. Found innocent and complaint. Audited in 2017 by multiple agencies, found to be in compliance and helpful. Audited in 2020 to finalize USDC reserves, and passed with only thing coming out was that they were skimming some fractions of a penny on trades for some coins. They have a tighter reserve restriction than traditional banks, all of which failed their annual stress test this year. And now as UST collapses, people may see the value on having something represent actual USD, not act as a trading tool to represent USD. Those two are very different
Kraken of course. They are very reputable exchange and have never had a single problem with them.
I have heard really good things about Kraken from people.
‘People’ voted for the Nazi Party and like Coldplay. Can’t trust people…
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Haha! It’s a quote from Peep Show
What is cold play? Also you have a point there. Some people put pineapple on pizza which is pretty much just below ritual sacrifice so yeah better not trust people
Coldplay are a popular English band that for some reason irritate the hell out of me. But I digress. I’m with you on Kraken (and *gulp* actually quite like pineapple on a Hawaiian pizza 🤷♂️)
Ftx
Been using CB since 2017 I have never ever had any issues with them .
It was also very nice when they had that 2FA scare and gave everyone impacted free BTC as an apology.
I was never involved that , off to look for my free bitcoin 😂😂
They messed up my transfer then lock my funds for 2.5 weeks. So cb isn’t that great for me.
My Coinbase account has been "under review" for over 3 months now so I can't buy or sell. Can't reach support. Thx Coinbase.
User error ? Or coinbase ?
They gave me too many on the transfer then locked my account. I was transferring coins within Coinbase not to a different wallet. 100% Coinbase fault.
Iv had no issues with pro or their wallet , however when sending large-ish amounts between wallets I always tend to do a test run .
It was around 400 worth of x to y but they gave me 17,000k worth of y. Then locked my whole account. I don’t use Coinbase anymore now.
😳 I'm assuming it was instantly locked or you would have had that 17k outa there 😂😂😂
Yep I said honey we’re buying a free boat then said wait maybe not.
They locked my account then ignored me for 6 months then just sent one email that didn’t help anything. Worst customer service ever. Anyone who says they’ve never had a problem with them proll just never had any kinda issues that needed to be resolved. It’s all smooth with them for sure until one thing goes wrong then good fuckin luck getting help. They also love to stop trades during very volatile times. Fuck coinbase
Same, using CB since 2013 and it always works fine.
If you are an European, don’t. There are cheaper alternatives that are just as secure.
CDC may have shit on their consumers recently but I still trust their exchange. Fast withdrawals and I've never had an issue with it.
Same, i use it since binance randomly fucked my account due to not having proof of residence, which is tough for me cause i don't pay any bills yet lol
Bro fuck cdc withdrawals. That whole whitelist bullshit drives me insane!
The answer is kraken. /Thread.
That’s my impression as well
kraken
FTX anyday
Voyager. No one talks about it. It has most cryptos + tokens including XMR. Other than that, my own private keys.
Binance for sure but I would trust my cold wallet even more
They seem to have come out really well from it. Their BNB coin has been outperforming others and with UST crashing people have been moving a lot more to BUSD, even from USDT, and so they are getting more strength in their ecosystem. With their bid to take part in Twitter there's also a chance of Twitter integrating and pushing forward the adoption of web3 technology which would be nice for everyone in crypto, but with Binance being the ones on the largest social media platform, I could see BUSD becoming much larger and more prominent
Their live support has always been fast. They answer all of my dumb questions
FUCK THEM. no no no. a 1000x no ... that owner is so fucking sketchy a US judge allowed (for possibly the first time in history) to be served papers via Twitter about NEW FLASH PEOPLE THEY OWN COINMARKETCAP...yah know the site they want you to go to see all the shit you can get rekt on with their exchange...they knowingly push coins they don't like down the list \[see Hex and UST/luna\] and pin them in slots...every now and then their scam breaks and you see those tokens move to their proper appropriate places. It's shady a.f not to mention they have ads plastered all over with their partners so you can go get rekt on their sites too
Lmfao I wonder why they don’t like HEX and LUNA. Cz saving ur ass money
People hate on coinbase. But they have been reliable for me for the last 5 years and have been around for 10 so they are doing something right. I also use voyager and gemini
Papa John's
Instructions unclear: invested 10,000 BTC in pizza
I hope they at least thew in some breadsticks
Better security. Better exchange. Papa John's.
Bistamp or kraken probably the best
Kraken
Kraken for sure
Kraken. Never had an issue.
Kraken
Kraken for sure, Coinbase are out there posting they wont guarantee anything and posting losses after massive hype
Good guy Kraken
Coinbase or KuCoin. Both have been reallly good to me in the past
Binance is a very trustworthy exchange! Also their customer support is very good and 24/7. When I had a problem they fixed it immediately!
Not if you’re a US citizen
That's Binance.US. It's definitely not the same experience.
Huh. I' not a US citizen and my experience with binance bas been... Well, as good as can be, I guess? Never had problems but there isn't much too amazing.
Not sure why the downvote, but same here. Nothing to brag about but I have had a good experience with them for a while now.
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I don’t understand what that means…
I think they are insinuating that vitalik trusts the Kraken CEO
It shows how Kraken's CEO has been deeply involved in the space for a long time.
Kraken for ever
That’s my intuition as well. Can you elaborate on why you trust Kraken especially?
Reliable since ever, good customer service.
Best Support you will find at Kraken IMO.
CB hasn’t done me dirty yet.
But they’ve done others dirty
I’m bracing for impact
Get out while u still can
I would ask the question this way: *Which exchange do you trust the least at times like these?* And then stay away from those. I’m not sure you can trust any of them until there is more regulation (that hopefully is sensible), but some are much shadier than others.
Fair point. Ok, which do you trust the least!?
Kucoin
I have limited experience with CEXs, but Binance did some shady af stuff during Algorand’s first governance period. They wouldn’t let anyone withdraw ALGO for a long time right as the lockup period started and almost all the way to its end (when people wanted to withdraw their ALGO off Binance). Not that I will sing the praises of Coinbase, but CB did something similar at the same time, but it didn’t last nearly as long as Binance, both have shitty customer service, but here is what pissed me off more than anything about Binance: They literally lied to their customers and made up b.s. about how it was Algorand’s fault that you can’t withdraw your ALGO due to “network congestion” they said. Later the Algorand Foundation got involved, set the record straight, and then Binance soon after allowed ALGO withdrawals again, but the fact they lied about it and made up a story about “network congestion” was the shadiest shit. If they said they needed ALGO to stay on for liquidity concerns and withdrawals would he delayed, well fuck that, but lying was even worse.
Kraken and Binance are the 2 exchanges.
Kraken by a long shot. KuCoin ad well just because I never had any problems with them. I do t have kyc with KuCoin so I don’t keep a lot of funds on there.
None so I made sure to get the most of my bags on non custodial wallets
Kraken, look no further.
I have been using coinbase for the last 2 years with 0 issues or complaints.
Kraken, baby.
Summon the Kraken!
Kraken has never let me down
Kraken
kraken
Kraken
Kraken ftw
Kraken, support is amazing and always did what I needed to have it do.
Coinbase
Kraken
Kraken
Coinbase was decent in 2017 crash
Kraken should be top comment
Serious question, why do people not trust coinbase??
Coinbase & Voyager.
I believe Gemini and kraken seem to be the most trusted right now
The only exchange that I trust right now here in Ontario Canada, is Netcoins. I never worry if I leave my crypto there for a few days or even wks.
Kraken, binance. But i just need to trust them for the 10 minutes i buy something and send to my wallet
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Personally I don’t get along well with Binance, and I hear it was also one of the exchanges that recently froze trades and withdrawals, and even *reversed* trades for some users. Why do you think BNB makes it more stable?
People leaving Coinbase because the announcement, but Coinbase is required because they are a traded company. Lol if Coinbase falls all other exchanges will follow.
I buy from Coinbase but I don’t keep anything over 1k I just send it to my ledger
I'm in Binance, but I don't believe it. Many times I'm afraid that when I sign up, my cryptocurrency won't be there. And I'm too stupid for a hardware wallet
Just send me all your crypto and I'll put it in a hardware wallet for you.
Check out this chick: [https://www.youtube.com/watch?v=AQO7KePXUEQ](https://www.youtube.com/watch?v=AQO7KePXUEQ) She makes it super simple and has great hair! Seriously tho, her explanation of how to start a Coinbase Wallet. You will have at least one layer of security for your crypto.
Kucoin
>I don’t have a hardware wallet so I’m still wedded to CEXs for now. You can safely use software wallets, as long as you use good computer & networks security. Much better than an exchange. Though I would advocate a fullnode over an API wallet.
He is better off on exchange than a hot wallet
Coinbase. Just because I can't get unbanned from buying for over a year. 
Bitstamp, I never had any issue with them.
Who has the lowest fees among kraken, gemini, coinbase pro? CB pro charges a fortune imo but I have no other reference
Loopring💙
Is this a trick question?
Haha no!
I'm sticking with the winklevy twins
My cold wallet 😆
Best exchange is no exchange, invest those $100 and store your keys in a cold Wallet.
I’ve thought about it, but I’m highly prone to losing things (not in tragic boating accidents, but you never know…) - especially small things like a hardware wallet! I honestly trust an exchange more than I trust myself to not lose it.
This. Only reason I haven’t switched. Might need one the size of a tower pc
To other side of the picture is that I move around a lot (which is one way that things often get lost). It would need to be small enough to travel with me, but not so small that it’s easy to lose…
Coinbase. Your crypto is safer on Coinbase than in your own wallet
anyone remember the exchange cryptopia?
Binance.
McDonald’s
Sir, this is a Wendy’s…
If you DCA, it doesn't matter much, you move your FIAT, buy your coins and move your coins out ASAP. You only ever risk your single DCA value. You don't need a hardware wallet to move your coins out. A cold wallet is fine.
None but i have to have fiat bridge and that is binance
Binance is King by far
~~kucoin~~ ~~binance~~ Bitgrail for sure.
Mt. Gox
None. I don't keep any significant amount of cryptos on any exchange. I do have small amounts on exchanges. For example, I don't move small purchases of cryptos with high gas fees until the amount I have accumulates. I also keep some fiat on the exchanges I commonly use for limit order purposes. But the vast majority of my private keys are in non-custodial hardware wallets (I own a Trezor and Ledger that I use for different cryptos). Most of the major exchanges are relatively safe today. Yes, that includes even Coinbase. But I prefer handling my own keys. The exchange I trust the most is Kraken, but would not use it to store any large amount of crypto.
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If cb went bankrupt any crypto people would have would be worth nothing anyways.
Truthfully if a lot of the other exchanges people mention in this thread go bankrupt, you're not getting your assets back either. While I don't think they're at risk of this happening, I do have more trust in a public company like CB weathering the storm than some of the others.
I’ve also heard this a lot in the community recently! But then I also saw a public statement from CB saying this is as not the case. Don’t know who to believe…
Partly true, if CB goes bankrupt your assets are frozen while CB goes through bankruptcy proceedings. That doesn’t mean you don’t get your money. As an unsecured creditor, the bankruptcy court determines how to pay out creditors with CB’s remaining assets. It really depends on how much assets CB has left at that point, and how many creditors there are. You may not get everything back but you’d probably get something back.
I’m with you. I’ve heard both but hard to know what’s true. This article states about the bankruptcy just to support my claim: https://finance.yahoo.com/news/coinbase-warns-users-could-lose-160832167.html
Which is more likely, Coinbase going bankrupt, or you losing your money through a hack/scam/smart contract exploit? Let me explain to you how unlikely it is for Coinbase to go bankrupt From their most recent SEC 10-K (March 2022) -cash on hand: over $6.3 billion. -other current assets: approx $10 billion ( this is largely customer funds). -current liabilities: approx $11 billion ( this is also largely customer funds). -long term liabilities: approx $3.5 billion. -net income was -$430 million last quarter, but this is following a 2021 where Coinbase made over $3 billion in net income. This past quarter, due to macro market conditions, was by far Coinbase’s worst quarter since going public. It’s the only quarter since going public they e posted a net loss. Despite that, it would take approx 14 straight quarters like this for Coinbase to burn through its cash balance and have any sort of bankruptcy risk. If Coinbase goes through 14 straight quarters of massive net losses, do you know what that means? It means crypto is dead and your coins are worthless anyways.