Reddit's Cryptocurrency Exchange Benchmarks
If you are new to trading Bitcoin, you may be aware of how confusing and time-consuming it can be to choose a valid crypto exchange platform. Don't fret! We are here to help. For this post, I have assembled Reddit's most honest opinions in regards to the top crypto exchanges. So get ready to hear some recommendations on the safest and most trusted Bitcoin trading options. In the rest of this post we'll review the best and worst! This is useful so you can evaluate what your priorities are when it comes to trading Bitcoin or Ethereum.
Let's see how each crypto exchange measures up to the above benchmarks! Starting with reddit's top pick. In regards to Customer Service, Luno provides their users with decent support. Luno is a low-cost Bitcoin exchange. The taker fee depends on a variety of factors such as the 30d volume and trading pair. Luno is a trading platform that has its headquarters in London. It was launched in , and today, it is definitely one of the best Bitcoin exchanges and wallet providers according to Reddit.
It has a user-friendly interface, and is supported in 43 countries. In order to buy crypto on Luno, you first need to deposit money into your Luno Wallet. The platform is easy to use because you can buy and sell instantly on Luno exchange. In the same way, it is easy to withdraw your money and you do not have to wait anxiously before you receive your transaction. One of the few downsides of Luno is the fact that it only supports Bitcoin and Ethereum.
So if you like investing on less mainstream coins, this platform may not be ideal for you. Been using them for years. As someone also pointed out below, don't use the instant buy feature, rather buy on the exchange at the current price ". Customer service is almost inexistant. If you are able to get hold of someone, good luck with getting more out of that interaction.
In fact, Reddit is full of horror stories concerning people that - having lost their money - were not able to get hold of anyone. The commission fee reaches a max. If you decide to buy Bitcoin with cex. It is one of the most popular choices for beginners and professional traders that wish to trade Bitcoin, Ethereum, or Ripple. In fact, it offers both simple and advanced tools to trade crypto.
They have more options then other sites like coinbase, and you can trade in different crypto currencies, using bitcoin as your basecamp. Although it is one of the most popular exchanges, it does not mean that it is also the most trustworthy and secure trading site.
Im still wondering why people are still bothering with coinbase ". You will need to upload your document by selecting the type of ID that you wish to employ. In order to complete the uploading process you must enable Flash. Then, use your webcam to scan your ID and take a selfie. It is important to keep in mind that Coinbase's clientele is growing exponentially and sometimes it is hard for them to keep up with the demand.
If you are able to get into contact with the Coinbase's Customer Support staff, they will avoid discussing issues over the phone due to security reasons. Its lack of efficient customer service makes Coinbase a risky place to store your money. Depending on the payment methods you use, Coinbase can be a costly option. Here is a list of their fees:. With over 13 million users, Coinbase was founded in San Francisco in Today, it is one of the top ten crypto exchanges. If you are serious about investing in cryptocurrencies, then Coinbase is not one of the best platforms.
However, it remains one of the easiest crypto exchanges and platforms for beginners. It is in compliance with the US laws. Each time you attempt to login with your username and password, you will be redirected to a new page that will ask you to enter a one-time code sent to your phone or email. You can opt-out of the 2-step verification process for 30 days. Coinbase sucks. You do not need a verified account for small purchases. Acceptable documents are:.
Level 3: no limit on purchases. You are required to fill a short form. For more info about the form, please contact support coinmama. Although it has a detailed Help Center , it also tries to support its clientele via email. Coinmama charges somewhat high fees. On top of that, your bank could also charge you some extra fees.
No Withdrawal Fees: Coinmama does not have any withdrawal fees because it does not have a wallet in which you can store your coins. Coinmama is one of the best known crypto exchanges. Its headquarters are in Israel and Slovakia: the platform is available in over countries and only in 23 of the US states.
After purchasing Bitcoin or other cryptocurrencies you may experience some long delays whilst processing orders. A couple of days and several emails went by - however, he never received his BTC. Luckily, he was able to have his money returned. However, this is certainly not a comfortable spot to be in. Coinmama is not the safest place to store your crypto. In fact, it is worth remembering that on February 15, , Coinmama suffered a security breach of , email addresses and passwords.
When it comes to coins, the selection of crypto that you can choose to buy is quite limited. Their prices are high and the fee's are high, but if you have to order with a CC they work just fine. I dont know how their customer support is, because I've never had a problem. The verification process is relatively fast.
You will have to prove your identity through a video identification. So before you get started, grab your ID, make sure you have good internet connection, check that you have proper lighting and that your camera is functioning well.
If you do not receive an answer within a day just be a little more patient since they are known to never ignore their customers. Alternatively, check you spam folder. When it comes to fees, Bitpanda charges a fee of 1. Although Bitpanda gives us some information in regards to its fees on Bitcoin, it is worth knowing that the other fees are not displayed publicly and are simply included in the final price displayed on your screen.
If you make large deposits, you will not incur in any extra fees. BitPanda is a legit cryptocurrency broker formerly known as Coinmal. This is one of the best cryptocurrency trading platforms used in Europe. It is legit and fast. However other bigger exchanges like bitstamp have better rates and lower fees ". As it may be clear to you by now, the websites mentioned above have both their pros and cons.
Finding the absolute best exchange site is an arduous task. So, depending on your priorities, you might need to use a number of different platforms. For example, you can consider using Luno or Coinbase to buy Bitcoin and Ethereum, but you could use Cex. Dash of Qtum. We hope you've enjoyed Reddit's reviews on the top cryptocurrency exchanges. Comment below and let us know whether there are any other valuable crypto platforms that we haven't mentioned and what experiences you have had in the world of Bitcoin!
Is Cex. Cryptocurrency News And Discussions. Anybody Tries Luno? Is It Any Good? Luno For Bitcoin Trustworthy? Winner In. Check website. Check Website. Reddit's Cryptocurrency Exchange Benchmarks In the rest of this post we'll review the best and worst!
Verification Process. Customer Support. The fee is between 0.
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The Best Cryptocurrency Blogs from thousands of blogs on the web ranked by relevancy, social engagement, domain authority, web traffic, freshness and social metrics. Subscribe to these websites because they are actively working to educate, inspire, and empower their readers with frequent updates and high-quality information. Cryptocurrency Blogs 1. New York, USA About Blog CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community. Its mandate is to inform, educate and connect the global community as the authoritative daily news provider dedicated to chronicling the space.
Everybody is making money in crypto these days, and I guaranteed that they are using the list below of the best cryptocurrency exchanges to do it. This guide will introduce you to top cryptocurrency exchanges and their advantages and disadvantages. A cryptocurrency exchange is basically a marketplace where someone can exchange or trade one cryptocurrency for another cryptocurrency. These exchanges help crypto investors sell their coins quickly and easily when they are ready to cash out. They also help people invest into other coins on the market through the act of trading, much like a stock exchange. In some exchanges, you can even exchange fiat for crypto or vice versa, but that depends on the type of cryptocurrency exchange you use. There are four different types of crypto exchanges that you can use to trade and buy coins from. Understanding the differences between the exchanges is the first step to choosing the best cryptocurrency exchange for you.
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Let's see how each crypto exchange measures source to the above benchmarks! Each time you attempt to login with your username and password, you will be redirected to a new page that will ask you to enter a one-time code sent to your phone or email. Customer service, ease of use, and quick turnaround times for deposits and withdrawals are pillars of this platform. You will need to upload your document by selecting the type of ID that cryphocurrency wish to employ. Quotes from Reddit About Coinmama. Im still wondering why people are still bothering with coinbase ". Ranked as one of the most popular cryptocurrency exchanges worldwide, they best cryptocurrency exchange europe reddit you with ezchange offerings along with an extremely low trading fee. Its lack of efficient customer service makes Coinbase a risky place to store your money. You will be surprised how much you can save if you shop. Fees for USD trades are.