Post
Topic
Board Bitcoin Discussion
Re: Crypto exchanges
by
TravelMug
on 17/06/2023, 10:22:05 UTC
Hey, everyone   Smiley
I have recently started to be interested in the issue of cryptocurrency, please, tell me which exchanges are considered the safest and most convenient?
P2p exchanges are the safest, that is because you are not going to give the exchange your personal data, and while trading the exchange isn't going to act as a third party, you and your trading partner would control the funds in a multi-sig wallet, that is what p2p should be, not peer to exchange, then exchange to peer. For p2p exchages: https://kycnot.me/.
(.....)
It's the safest if you want to own some Bitcoins from your fiat currencies. There are also some P2P exchanges that are inside centralized exchanges where you can do trades like Binance or Bybit.
About KYC things, as far as I remember Kucoin is good exchange if you do not want to undergo with KYC but it has limited features, but I think you can buy Bitcoins via their P2P feature even no KYC.

Yeah, you can do that, P2P trading, but I have heard a lot of horror stories with Binance and Bybit P2P trading like scams going on that platform. I know that they are just a facilitator and it's hard to monitor everything within their platform. But maybe they can do a better job in responding to this issues.

In any case though, it is still up to us traders, or buyers or seller in P2P to be just careful on who we deal with.

Just check everything before you released your crypto. Go to your wallet and see if the other party has paid you.