Crypto exchanges


Dietmar asked 5 months ago

Last updated on December 26th, 2017 at 04:15 pm

Hi,
I am experiencing tremendous delays and problems with exchange verification. Coinbase’s verification process is so lame, I have never seen anyhting like that.
Do you have any suggestion of other exchanges that are worth looking at?
Thanks for your attention.
Regards
Dietmar

2 Answers
Steven Hay answered 5 months ago

Hi Dietmar,
 
I would recommend against Coinbase in any event, as they’ve taken numerous actions over the years which have damaged the Bitcoin ecosystem. Most recently, Coinbase was involved in an insider trading scandal. The exchange has also yet to implement SegWit, despite lending their support to the NYA and demanding a solution to high transaction fees.
 
I would suggest BitStamp, who employ SegWit address and batching, thus minimizing their impact on the blockchain. BitStamp is probably the longest-running Bitcoin exchange by this point and they enjoy a good reputation for reliability and competence. Kraken and Gemini are also good choices.
 
Of course, you can also trade directly with individuals and this practice is good for economic decentralization. Check out LocalBitcoins.com  or the Bisq to help you find and trade securely with peers.

Steven Hay answered 5 months ago

Hi Dietmar,
 
I would recommend against Coinbase in any event, as they’ve taken numerous actions over the years which have damaged the Bitcoin ecosystem. Most recently, Coinbase was involved in an insider trading scandal. The exchange has also yet to implement SegWit, despite lending their support to the NYA and demanding a solution to high transaction fees.
 
I would suggest BitStamp, who employ SegWit address and batching, thus minimizing their impact on the blockchain. BitStamp is probably the longest-running Bitcoin exchange by this point and they enjoy a good reputation for reliability and competence. Kraken and Gemini are also good choices.
 
Of course, you can also trade directly with individuals and this practice is good for economic decentralization. Check out LocalBitcoins.com  or the Bisq app to help you find and trade securely with peers.

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