Crypto Exchange Recommendation

reignschaos wrote: »

Hi,

Up until now I have been using revolut for dipping into crypto. I have tried to sign up to Coinbase but for some reason it is not verifying my address and I can not log into my account to get help etc without the system telling me to upload another address document.

What other exchange would you recommend for a newbie with exchanges?

Thanks

Hi there, I use kraken. Very easy to setup, deposit money and make transactions

I wouldn’t continue with Revolut as your crypto is “stuck” there until you sell it

Once you purchase your crypto, then look to store it offline on a cold storage wallet like a Ledger nano

I’ve also got a binance account for some crypto I couldn’t get on kraken but kraken should serve you well for most of the top listed ones

karltimber wrote: »

Hi,

Have just signed up to kraken, so i can have better access to Eur pairs.

Question around the app - I go into my settings on my pc - generate my api keys - and scan the qr code on my phone.
Now have access to my account thru the app. but while I'm at the pc !!!

but away from the pc - how do I access the app ? how do I get the api keys or how do I extent the app accessibility ?

Plus a brief explanation of "take profit" - I under stand stop loss' but whats take-profit ?

Thx

I dont have any issue accessing the app away from the phone, strange

Its been a while since I set it up but it seemed straight forward. Thats the whole idea of the app, its remote access

Take profit generally means if you are in a trade or investment, you should take profits on the way up rather than try to pick the top

If you have an exit strategy, then try to stick to it and you shouldnt have any regrets

karltimber wrote: »

Solved.
I was signing out of the app. shouldn't have.

I can kill the app. but when I restart it - it looks for my phone password -and then gets me into the app.

That api key I have in my account- do I need to copy/print that? - as it's just for the app and always available in my account.

Sorted. Thanks

dont think you need to copy it

as you said, dont sign out, just swipe it closed and should be ok next time

PHG wrote: »

Do websites like Kraken guarantee your coins if it gets hacked?

How long does a transaction take. E.g. you buy €1000 of a coin, how long for confirmation??

Kraken claim to have the best security, or one of the best however I still wouldnt trust my crypto on any exchange

Confirmation of a transaction is instant if you do a market purchase and its then in your portfolio

If you do a limit order it will get filled when the price hits that value but its also then instant

sorry to jump on your thread, but looking to get into a certain crypto and would like to know if anyone has used the following exchanges and recommendations
Not even sure if some are possible living in Ireland

Bittrex
KuCoin
Nova
Poloniex
HitBTC
Shapeshift

I've heard of Bittrex & KuCoin

thanks for the feedback

Setup the Bittrex account yesterday, was really easy
Little bit tricky to understand first how to trade the ETH i sent over for DGB, but figured it out eventually
The process was very smooth from transferring from Ledger to Bittrex and back again. Speeds were about 3-4 min each

I have a Binance account but they dont list DGB, greedy gits

Happy now with having 3 exchanges signed up for just as back ups if any others go down

On another note on Binance, speculation has that it might be going to run on the XRP Ledger

grindle wrote: »

Maybe I'm out of the loop. They have their own (pointless) chain, why would they involve XRP?

I can only think for the speed, no idea really, just seen it somewhere and cant remember the source now, but it was speculation