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

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

#21

Post by dmos62 »

mus1cfl0w wrote: post #7

Kraken is one of the safest choices IMHO. I automated my trading via a script: https://github.com/elsesiy/crypto-trader

They are having serious capacity issues at the moment. Recently they have disabled creation of advanced orders. That was the last straw for me. Their UIs have been slow and clunky for as long as I've been using them (2 months). Opening a margin position is sometimes a problem, because their margin pool is empty, and there is no way to know that until you try to open a position, so you end up spending time manually bruteforcing what is the most margin you can get.

They have not been hacked. That's the only thing going for them, as far as I'm concerned.

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

#23

Post by burger_moon »

RationPhantoms wrote: post #18
mus1cfl0w wrote: post #7

Kraken is one of the safest choices IMHO. I automated my trading via a script: https://github.com/elsesiy/crypto-trader

For those reading this, Kraken does not (and has no intention too), of buying the NY BitLicense. I had to close my account with them as my address was registered in NY.

Also not able to use them if you live in the state of Washington.

I want able to find on their site which states they do support so you might want to email them first before setting up an account you can't use.

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

#24

Post by startswithaj »

dekz wrote: post #9

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

So how does this differ from Ox?

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

#25

Post by fgcbs »

Honestly KYC for cryptocurrencies is ridiculous. What if I want to buy for a company shall I identify the beneficial owner?

Cryptocurrencies have limitations against alternative payment systems: (1) they are "push" only (2) have a huge buy/sell spread and (3) risky fluctuation, if they do not have at least anonymity benefit why should I prefer them to UDS, EUR or GBP?

Anyway seems that there are ATM for bitcoins, never tried one (https://coinatmradar.com/). Did anybody already tried one?

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

#26

Post by lsseckman »

davemontorio wrote: post #20
mus1cfl0w wrote: post #7

Kraken is one of the safest choices IMHO. I automated my trading via a script: https://github.com/elsesiy/crypto-trader

This is very interesting. Does it work? How much do you invest to have a (positive) return?

oh, the script just executes a buying strategy that avoids short term fluctuations. It's not a profit-making strategy.

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

#28

Post by revmoo »

smlsugarlumps wrote: post #4
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.

They need to come up with better password requirements. Just rejected me for using a 36 character password including digits. Idiotic. This place is run by ex-infosec people??

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

#29

Post by geoah »

Comments are off the top of my head when last used, not very scientific, just markets I've used lately.

* gdax.com - coinbase's exchange - only btc/eth/ltc, easy to buy with CC, high fees, high traffic

* etherdelta.github.io - only erc20 tokens, contract based, low fees, very bad ux, low traffic

* kraken.com - quite a few alt coins and tokens, insanely slow support, bad ux, average to high fees, average traffic

* hibtc.com - many coins, average fees, slow site, low traffic

* bitfinex.com - many coins, average fees, high traffic

* poloniex.com - many coins, high fees, high traffic

* liqui.io - I really don't recall

You can always go to coinmarketcap.com and see the various exchanges for each coin.

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

#30

Post by levifig »

I would've told you Coinbase until not long ago, but they seem to be going down the drain in terms of support (and I promise: you will at some point need it). It's been over a month for me to even get a single reply to a ticket where there are hundreds of dollars in limbo, and I'm not alone (check their @CoinbaseSupport reply threads)…

Previously, my setup was USDBTC at Coinbase, and BTCAltCoins at Bittrex… Might try some of the other suggestions for USDBTC in the future.

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