Opt for the safest exchange?

[sonaa]

I also mostly use Bitget, there are many other exchanges that are ok to use, Mexc, Bybit and Binance.  All of them see less profit now but will be financially rewarding in the future.

[armanda90]

Well, for me, Binance used to be my top choice, simply because of their p2p exchange for my local currency, followes my OKX, Remitano, kucoin, then before I begin to talk about bybit, biget and the rest.

But ever since the Nigerian government forced Binance to ban Nigerian p2p exchange on Binance, okx closed their doors to Nigerians, kucoin started charging Nigerian users extra 7 percent trading fee as value added tax(VAT), Remitano became so unstable and lack p2p liquidity ever since I don't know.
Right now, my number one go to exchange is bybit for p2p trading,then followed by Binance for spot and futures trading, then followed by Bitget for buying and selling random Altcoins and selling of airdrops.

Binance become top choose as exchange after allowing P2P transaction but almost global exchange have ready with P2P feature to make all user easily for selling their stable coins assets trough P2P around their local community. But have lowr rate when selling stable coins trough P2P transaction and seems worth it deposit to local exchange because USDT rate based on the market.
Binance become most interested exchange in my country Indonesia than using our local exchange have allow to pay taxes transaction, taken around 0.22% for paying taxes transaction and including 0.2% for exchange fees make our local trader prefer with Binance as exchange for trading.

[Azharul]

I think that Binance gotten many people users confidence for many years now and may always be the top crypto exchange anyday. On the safety of users funds, I doubt if there has been cases of missing funds from it's large users, however, others exchange has also leave up to expectations of their users too. In my opinion, tie one exchanges are really safe to store or save crypto assets and I personally use Binance, Kucoin and Bybit exchange to safe some of my crypto portfolios.

Binance still be more favorable exchange market on top global right now and in my country Indonesia more than 80% cryptocurrency trader use binance for trading than using local exchange market. Have much volume transaction each coins list on binance based on their regulation any coins have lower volume in daily day will delist.
In my opinion seems not enough store bitcoin or altcoin assets only one exchange, some exchange have offer with early listing than Binance and my trading exchange depend which one exchange will listing new coins early for trading.

I am also agree with your comments. Because i believe that Binance is one of the largest crypto exchange in cryptocurrency world. I also believe that Binance is very safe for money transaction. Because we know that if we want to p2p in any crypto exchange, i think Binance is the best and safty exchange in cryptocurrency world. If we follow like OKX, Bitget and Kucoin, i think Binance is the most popular than other exchange.

[LUCKMCFLY]

I am also agree with your comments. Because i believe that Binance is one of the largest crypto exchange in cryptocurrency world. I also believe that Binance is very safe for money transaction. Because we know that if we want to p2p in any crypto exchange, i think Binance is the best and safty exchange in cryptocurrency world. If we follow like OKX, Bitget and Kucoin, i think Binance is the most popular than other exchange.

It is a fact, things are like that with Binance , it is one of the exchanges that have the highest volume, and that is something that favors it a lot, however there are things that I do not like about Binance and the main one is that Binance is very pro-government and is very soft in its policies with them, they support them and are not afraid to leave people's funds frozen when they do investigations, that is something that I do not like, that is why I will always be Defensive about making or having my money in a cold wallet, however when it comes to trading this exchange is good, but as for making the operation and then withdrawing.

[vegasus]

I am also agree with your comments. Because i believe that Binance is one of the largest crypto exchange in cryptocurrency world. I also believe that Binance is very safe for money transaction. Because we know that if we want to p2p in any crypto exchange, i think Binance is the best and safty exchange in cryptocurrency world. If we follow like OKX, Bitget and Kucoin, i think Binance is the most popular than other exchange.

It is a fact, things are like that with Binance , it is one of the exchanges that have the highest volume, and that is something that favors it a lot, however there are things that I do not like about Binance and the main one is that Binance is very pro-government and is very soft in its policies with them, they support them and are not afraid to leave people's funds frozen when they do investigations, that is something that I do not like, that is why I will always be Defensive about making or having my money in a cold wallet, however when it comes to trading this exchange is good, but as for making the operation and then withdrawing.

That's why if we want to choose an exchange, it's better to choose a top exchange. Not just Binance, but several top exchanges too. I've been using Binance all this time, it's safe. Even if, for example, one day, like in the past, Binance gets into trouble or gets hacked, top exchanges are like their responsibility, to ensure that all of their users' assets are safe and can be used again.

So what about a small exchange that isn't well known? It could be that after being hacked or some other problem, they immediately ran away. And not to mention, for example, if they close, well, that's enough, it can't be taken care of anymore if suddenly the exchange disappears.

[salad daging]

I also mostly use Bitget, there are many other exchanges that are ok to use, Mexc, Bybit and Binance.  All of them see less profit now but will be financially rewarding in the future.

You have to be more careful to keep assets too long on the exchange because there is a greater risk, there have been many cases of this exchange hack resulting in user concerns because they cannot withdraw assets because they are suspended. So just be careful.

Some exchanges are good at offering many features that they have including joining the launchpool is beneficial if you participate.

[LUCKMCFLY]

So what about a small exchange that isn't well known? It could be that after being hacked or some other problem, they immediately ran away. And not to mention, for example, if they close, well, that's enough, it can't be taken care of anymore if suddenly the exchange disappears.

Yes, you are absolutely right about that. Sometimes we need to look for the safest option. Of course, sometimes Binance has some things that I don't like, that don't suit me, but it still gives confidence and some security. But in terms of having money, what I recommend is that you have it in a wallet where you have the public and private keys. It is better to have your money in custody and not in the hands of an exchange Therefore, every time you make a transaction , that is when you use the exchange.

[SmartGold01]

So what about a small exchange that isn't well known? It could be that after being hacked or some other problem, they immediately ran away. And not to mention, for example, if they close, well, that's enough, it can't be taken care of anymore if suddenly the exchange disappears.

Yes, you are absolutely right about that. Sometimes we need to look for the safest option. Of course, sometimes Binance has some things that I don't like, that don't suit me, but it still gives confidence and some security. But in terms of having money, what I recommend is that you have it in a wallet where you have the public and private keys. It is better to have your money in custody and not in the hands of an exchange Therefore, every time you make a transaction , that is when you use the exchange.

I don't still give priority to exchange like storing my assets over there in their exchange without the need to use a self custodial wallet. keeping and leaving funds in exchange makes its too vulnerable for penetration especially if you don't set some security feature, yet I don't encourage people leaving their fund in exchange as they can ran away at any given time and moment while your funds are automatically Locked over there. Most of the exchange shot down without any announcements to its users.

[luckyledger]

So what about a small exchange that isn't well known? It could be that after being hacked or some other problem, they immediately ran away. And not to mention, for example, if they close, well, that's enough, it can't be taken care of anymore if suddenly the exchange disappears.

Yes, you are absolutely right about that. Sometimes we need to look for the safest option. Of course, sometimes Binance has some things that I don't like, that don't suit me, but it still gives confidence and some security. But in terms of having money, what I recommend is that you have it in a wallet where you have the public and private keys. It is better to have your money in custody and not in the hands of an exchange Therefore, every time you make a transaction , that is when you use the exchange.

I agree.
Some funds should be allocated to the exchange, but the main body of your funds, so to speak, should be protected and it's better to be done by yourself, if possible, with the methods that you mentioned.

[LUCKMCFLY]

The safest exchanges are those where we can be completely sure that they will not steal from us. I remember that back in 2017-2018, which was when the bitcoin boom began, it was something that was on an exchange called bitfinex, the movements there were impressive, in fact those who did the shrots all did them from there, now the safest exchange to date and the one that everyone trusts is Binance, of course because of its legitimacy and authenticity, but it does certain things that I don't like about Binance, like kneeling before governments, that's what I don't like.