Ask HN: Where do you go to trade your cryptocurrencies?

#1

Post by gcatalfamo » Wed, Aug 30, 2017, 10:29 AM UTC

What sites/platforms do you consider best and trustworthy? Why?

Re: Ask HN: Where do you go to trade your cryptocurrencies?

#2

Post by bouchardm » Wed, Aug 30, 2017, 12:03 PM UTC

Bittrex: lots of cryptocurrencies, fast, simple and I didn't had problems with them to this day.

Re: Ask HN: Where do you go to trade your cryptocurrencies?

#3

Post by dest » Wed, Aug 30, 2017, 12:06 PM UTC

Ask HN expansion: It would be good to know as well the degree of KYC enforced by each of them (KYC = know your customer)

Re: Ask HN: Where do you go to trade your cryptocurrencies?

#4

Post by smlsugarlumps » Wed, Aug 30, 2017, 12:09 PM UTC

bouchardm wrote: post #2

Bittrex: lots of cryptocurrencies, fast, simple and I didn't had problems with them to this day.

Yeah bittrex is the best exchange you're going to find right now. Doesn't have a ton of smaller coins but all the main ones are there.

Re: Ask HN: Where do you go to trade your cryptocurrencies?

#5

Post by literallycancer » Wed, Aug 30, 2017, 12:15 PM UTC

Most of them (?) let you trade without verifying identity, as long as you only withdraw cryptocurrencies.

The largest one in Europe seems to be Kraken. Bitfinex was one of the first to let people use leverage, but nowadays you can get it on most of them.

If you want to withdraw fiat, you'll need to have a verified account (think sending them a photo of your ID/passport and some invoices to verify your location).

Re: Ask HN: Where do you go to trade your cryptocurrencies?

#6

Post by mason55 » Wed, Aug 30, 2017, 12:15 PM UTC

I'm looking for recommendations for those in New York State. Everything seems to be blocked here.

Re: Ask HN: Where do you go to trade your cryptocurrencies?

#7

Post by mus1cfl0w » Wed, Aug 30, 2017, 12:15 PM UTC

Kraken is one of the safest choices IMHO. I automated my trading via a script:

https://github.com/elsesiy/crypto-trader

Re: Ask HN: Where do you go to trade your cryptocurrencies?

#8

Post by owlninja » Wed, Aug 30, 2017, 12:19 PM UTC

I use a mix of Gemini and Kraken.

Re: Ask HN: Where do you go to trade your cryptocurrencies?

#9

Post by dekz » Wed, Aug 30, 2017, 12:21 PM UTC

We are working on a platform for exchanging Ethereum (ERC20 tokens) at Ethdex. Exchange happens atomically and on chain. No counter party risk, unlike exchanges such as Bittrex. We aren't rent-seeking or forcing you to use a token.

http://ethdex.io

https://github.com/Ethdex/contracts

Re: Ask HN: Where do you go to trade your cryptocurrencies?

#10

Post by banderman » Wed, Aug 30, 2017, 12:21 PM UTC

bouchardm wrote: post #2

Bittrex: lots of cryptocurrencies, fast, simple and I didn't had problems with them to this day.

They claim to be operating out of the US, and the address listed is a half empty strip mall in the Las Vegas suburbs. They post no licensing details. Seems legit?