/biz/ - Business & Finance

>>52400532
Coinbase and Binance are the only definitely legit ones, basically the us and chinese main ones

>>52400532
you're best bet is to use local middle-size CEX registered in your OWN country & use it ONLY to ramp up/down your coins.
Long term storage always in cold wallet in your custody

>>52400532
coinbase, kraken, binance, why would you use anything else? also just fucking get in and get out

>>52400532
Im on Kraken, but they are probably next in line. Does it make sense to move my funds to a browser extention(trust, meta mask) while i wait for my cold storage to arrive? Never trusted those apps, but now im thinking

>>52400532
Binance is the only exchange that's legit. Thats's why i don't worry. Yes i know i come off like a fucking bot kys

>>52400550
besides Kraken i mean. I don't see how Binance has been shady themselves but i guess you're some boomer or scientist or some shit if you actually use kraken.

>>52400569
>coinbase, kraken...
This is what I keep my shit on, and I've been stress free since '17.

>>52400532
>>52400569
>>52400570
>>52400579
Why are people shilling so hard for kraken lately?
I thought all the MTurk pajeets worked for CZ.

>>52400550
>>52400572
Binance is not safe, do people already forget just 1 year ago they fucked traders & can't even get sued because NOBODY knows where their headquarter is?

>Now, Robinhood users are suing Robinhood for the March 2020 outages, but Binance doesn’t have a headquarters — so it seems Binance users are having some difficulty figuring out how to sue. I’m not kidding, here’s how the WSJ phrases it: “But unlike a more traditional investment platform, Binance is largely unregulated and has no headquarters, making it difficult, the traders say, to figure out whom to petition.” There are apparently two groups trying to figure out how to sue this company, one in France working with 700 people and one in Italy.

CZ is good at public stunts doesn't make himself as a good actor

>>52400605
I just said they are probably next in line if you read my post fucktard

>>52400648
>next in line
lol?

>>52400532
i buy on kraken or binance, but i withdraw all the BTC immediately
don't trust any exchange for more than 5 minutes

>>52400669
are you stoopid or is you dumb

>>52400764
brother, your $300 are fine.

>>52400623
>r*ddit spacing
>can't greentext
just fuck off

>>52400532
Gemini is the only that won't go down. They don't have every possible shitcoin listed though (won't list securities)

>>52400532
don't use exchanges

>>52400834
I read that they are pretty well regulated.
Usually that's bad because it means they're slow but right now that's actually a good thing.
How do they stack up against Kraken and CB?
I'm not dealing with asian exchanges or a CEX that decides it has no fixed address because that's not a fucking red flag at all

>>52400820
>greentext
lmao you're a tourist are you, its shown. Nobody here uses greentext, only quote
Go back faggot

>>52400815
i dont own any dollar and just tranfered all my money thanks you was the last indicator i needed

>>52400921
This is such a big bottom signal, holy shit lmao

>>52400890
They are geared towards sophisticated market participants, e.g., have a FIX API or zero-fee block trades. You want to use their ActiveTrader interface because mobile app fees are high (but that's true for every exchange: gotta fleece the normies).
They also have a custody product and a yield product (through Genesis, iirc). Back in the day you could get 8% on GUSD staking (now: 5.65%) but I'd stay away from staking anywhere until this settles. That's the only "risky" product they have and they warn you explicitly and multiple times about this.

Binance, Coinbase and Kraken.
Binance if you are european.

>>52400948
i hope so because i bought a shitton at 16.5 and 15.5

>>52401083
same, and i got all my btc out of cashapp lmao. we're all gonna make it bro

Im on bitstamp - am I fucked bros?

>>52400532
>globohomo artwork
>best one

>>52401106
Bitstamp is one of the oldest exchanges.

>>52401125
CEO is verifiably based
Check his political tweets

>>52400532
Tiers:
>S tier
Coinmetro, Kraken
>A tier
Binance
>B tier
Coinbase
>Jew tier
Literally every other exchange

You can’t refute me

>>52401128
Only good answer that has no shitcoins and has the best regulations.

>>52400998
>Binance if you are european
Why?

>>52400605
chainlink does their proof of reserve, no shitcoin, ceo seemed like an alright dude

>>52401128
This. Coinmetro is the only exchange you can trust. Take the Kevinpill

>>52401467
I think you are a Coinmetro shill and there is no reason to use a new exchange instead of Kraken but just checked your token marketcap and it is very funny that it is less than 20% of CROs while they are in the process of exit scamming.

>>52401657
To be fair the first person to ever shill CoinMetro in /biz/ was AssBlaster. If you were not a complete drooling double nigger you would know that. But yeah, keep your memecoins in Crypto.com :^)

>>52401594
I’ve noticed the CEOs of Kraken, Gemini and Coinbase say and tweet things that make me suspect they’re secretly redpilled.

>>52400532
Name 1 (one) good reason to store your coins on a CEX wallet if you are not a daytrader.

>>52400570
>but they are probably next in line
Give literally 2 arguments for this other than being le ebin contrarian

>>52400605
Cookie scanning. 99% of all threads are automated bots run by 4chan

>>52401684
I was laughing at CROniggers brainlet.

>>52401911
Jesse Powell is unironically based, he learned well from the Mt. Gox fuckery. Winklevoss twins are fully aware of Jewery, but they intentionally want to become ultra regulated so fuck em. Idk much about Brian Armstrong.

>>52401942
I have a Russian house keeper.

>>52402036
Brian shut down the wokies over at coinbase telling them they couldn’t waste company time on bullshit activism anymore
When the trannies and HR tokens went to cry about this on Twitter, Brian offered them all severance packages to fuck off.
Dude was facing one of these very vocal woke revolts, like the one that got Damore fired at google, and he didn’t bend the knee.
I’m not usually down with entities deliberately asking to be regulated because it slows down innovation in a nascent field whose entire value is in doing things differently.
That said, after last week, if I were dumb enough to keep my money on a CEX, I’d prefer one with regulators breathing down its neck, than one with no mailing address or one that fucking sets up shop in the Bahamas.
Overregulated entities won’t be pioneering the future of defi but they also won’t be gambling my shekels on Jewish boondoggles

>>52400532
legit: kraken coinbase coinmetro
not legit but not a scam: binance

anything else is very risky

Kraken has been supporting Cardano forever and they're based on my book.
Also they have a really nice UI/UX

S tier Coinmetro
A tier Kraken
>powergap
everyone else

>>52400569
i use kucoin too for the coins i cant get on binance. and occassional shorts and longs

How is gemini I never really bothered with it except for using them as my brave browser wallet for bat gibs

>>52402138
>>52402212
Hi Kevin!

>>52402274
Hi!

>>52402046
Understandable, have a good day

>>52400532
Some might disagree but If CDC survives the next week I would put them on the list of trusted CEXs.

>>52403158
t. Dad works at CDC

>>52403210
Funny but no, either the fud is true and they explode within the next week or the fud is false and they survive a bankrun proving they have a sturdy CEX.

Coinbase and Gemini are both guaranteed legit because they’re Bitlicense compliant (inb4 reeee regulations). They’re required by law to prove they’re solvent every single month. I’m not worried about them going under, but I still use cold storage. Kraken is also solid but only because of the current CEO. A change in leadership could ruin it. KuCoin is my primary non-KYC platform.

Can someone explain exactly what makes Coinmetro untrustworthy? I keep a staked XCM stack on there

>>52400532
Kraken steals customers deposits and pays jeets like you to shill it on social media. Obviously they are in deep trouble.

How do we feel about CEX.io? Are they trustworthy?

>>52400623
They recently opened a german office, literally send emails about it to all their german customers

Imagine calling an exchange with 3 digit daily volume that disabled selling of its unregistered security an S tier exchange.
Not even ironically funny.

kraken is garbage
a very vocal heckin based and wedpwilled ex ceo is a red flag
id only trust coinbase desu.
but you can just use ramp.network or moonpay

RED ALERT: STAY AWAY FROM BINANCE

>>52405407
hi sam, still salty?

>>52403906
You are that same matic faggot aren’t you? Kek

>>52405375
>trust
go back following sime namefags

>>52405407
Binance is literally a safe haven currently
Listening to CZ atm

I don't trust Coinbase

>>52405407
What is the innocent, rational explanation for this?

>>52405713
ask yourself: how are they paying interest on BUSD?

>>52400532
Coinbase pro has been the comfiest. The fees are not as high as are often quoted and the banking is free and instant for depositing money on the books and the withdraws are in the bank within a day and there's no fee.

>>52401467
In terms of safety

SSS - self custody

S - Coinbase, Gemini - literally SOC audits from big 4 accounting firms. If these are frauds fucking goldman sachs might as well be frauds. They are also cucked with regulation

A - bitstamp, Kraken - Been around long, trustworthy. kraken is the most based

B - Binance, Huobi - chink tier, but probably safe

C - Kucoin, Bitfinix, Bittrex - still around I guess?

D - Coinmetro, crypto.com, gate.io, okx, bybit - you could do worse, only use for the most absolute shitcoins you want to gamble on

>>52400998
bitstamp if you're european
it's just the liquidity that's somewhat lacking

>>52407441
>If these are frauds fucking goldman sachs might as well be frauds.

>>52407773
that and the fact they want to see the inside of your asshole in KYC.

>>52407802
yeah because their purpose is to be the most gov cucked exchanges possible and get audits that are way more comprehensive than any investment bank gets.

>>52400532
How much money is Kraken paying you shills? and why?

Uphold is only cex worth using.

>>52407067
From the over-leveraged degenerates.
What do you think they use the "Binance Earn" money for?

>>52400648
> next in line
why??

Not a fan of most US regulated exchanges but kraken amd Gemini are the most reliable against bank runs. Coinbase custody is fine. But that's not an exchange. Binance is the WhatsApp of third world. Just use it as on/off ramps

It's bittrex legit?

>>52408743
Yes, its an OG exchange from 2014. They claim to have SOC 2 audits by Deloitte. They were fined for OFAC violations so you know they have good money laundering revenue to support themselves.

>>52400532
if you are in the US, coinbase, gemini, kraken. bittrex for smaller alts

if you are not in the US, i don't know, mods will never enable flags for this board, and non-US xchanges are all shit and scam people

>>52401483
exactl

Remember when Kevin banned Russia from the exchange because "he didn't like them" and when someone asked him was it because of the war in Ukrain he just looked at the chat, then slowly read "War in Ukraine?" in confusion

>binance is bad
>why?
>...uh...BECAUSE!
ftx trannies

>>52409551
Pretty based

>>52400532
What specifically makes Kraken so trustworthy? Do they have proof-of-reserve?

>>52400563
Having my wallets connected with privacy protocols gives me some comfy