Re: Suggestions: Best Exchange for US Citizens, low fees, "Safe" + Nano X
Only looking to hodl BTC & ETH and eventually do a bit of swing/day trades. Looking to fund with Fiat via ACH or wire transfer. I would love to hear and appreciate your knowledge and suggestions for the best exchange to use:
-US Citizen
-As "safe" as "safe" can be
-Low deposit/withdrawal/trading fees
-US Citizen
-As "safe" as "safe" can be
-Low deposit/withdrawal/trading fees
in terms of fees, binance.us is your best bet. 0.1% trading fees at the starting tier, free ACH deposits/withdrawals. next is kraken (as low as 0.16% trading fees) but they only support bank wires---no ACH.
coinbase pro's fees start at 0.5%.
they all support 2fa (use TOTP like google authenticator, not sms!) and other standard security features.
-Must issue private keys so I can store on Nano X
no exchange will do that. it's not a secure way to transfer crypto.
-Also plan to do some swing trades in addition to hodling
-No nonsense approval/verification process
-No nonsense approval/verification process
you might look into p2p trading. it's a great way to avoid KYC. https://localcryptos.com/
as for swing trading, you can use shapeshift to trade between BTC, ETH, and stablecoins without KYC: https://beta.shapeshift.com/dashboard
What is the benefit of using kraken then if they only do wires and no ACH? Wires as you know are expensive whereas ACH is free. I mean the top exchanges for us users are
Coinbase/coinbase pro
Gemini
Kraken
Binance US
Bittrex
Bitstamp
Would you say thats probably in the right order?