GUIDE: How to choose the right Bitcoin exchange

[LiteCoinGuy]

How to choose the right Bitcoin exchange Knowing how to buy bitcoins is an essential first step in getting started. However, knowing which bitcoin exchange to choose can be one of the most important first steps. Since you are investing funds into bitcoin and the exchange from where you buy them from, making sure you are choosing the right one can be critical.

Reliable exchanges that have build some reputation over the years are:

-Bitstamp
-Kraken
-GEMINI
-Circle
-Coinbase
-Safello
-Xapo
-bitcoin.de
-localbitcoins.com

full list of exchanges worldwide: exchangewar.info

Please note that you should never store your coins on an exchange because you dont have control over coins when you do that. Exchanges get hacked regularly. Buy/Sell and move the coins/money.
Use a hardware wallet for midterm/longterm storage.

-these informations are supplied without liability - before you use an exchange, make a proper background check - you should make your own due diligence -

[John_Dave]

Looking for a website to exchange a few bitcoins right now, so the article was really useful, thanks a lot

[Smartie]

Since MtGox I hate all of them. The AML and KYC requirements are crazy, and you have to sacrifice your identity to use them. I ponder the possibilities of these companies (The smaller unknowns) farming digital identity documents for criminal purposes. When will we see headlines saying, "Exchange hacked, millions of users digital documents compromised"

Some drug cartels use front companies to farm ID documents for them, to launder money into the banking system. They pay employees at Fiat exchanges to accept these false copies of ID's and to convert cash into bank accounts.

[Marc_JB]

I've heard about Coinbase, they say it's good. Any personal experience from anybody?

[BitcoinXio]

I've heard about Coinbase, they say it's good. Any personal experience from anybody?

Yes, very reputable company in the U.S. Other reputable U.S. exchanges you can buy from are Circle and Gemini, as well as a few others.

[creationlayer]

I've added an exchange list to the wiki. It does not yet have any context of trust, but feel free to edit.

https://wiki.bitcoin.com/w/Bitcoin_Exchanges

[CryptAxe]

Since MtGox I hate all of them. The AML and KYC requirements are crazy, and you have to sacrifice your identity to use them. I ponder the possibilities of these companies (The smaller unknowns) farming digital identity documents for criminal purposes. When will we see headlines saying, "Exchange hacked, millions of users digital documents compromised"

Some drug cartels use front companies to farm ID documents for them, to launder money into the banking system. They pay employees at Fiat exchanges to accept these false copies of ID's and to convert cash into bank accounts.

Yeah I've considered that as well, I wouldn't be surprised if at least one example has profited from identity documents.

[Fremont]

Thanks to [.....] Extra program, i am up to 400% now in 4 months! this is no joke, i withdraw the money daily, world's no.1 work from home site!, a quick tutorial is here : [removed] #[...]Work_at_Home #liberty

Choose only Bitcoin exchange in your own country!

This is a Ponzi scheme, and you will collapse leaving "investors" out in the cold.

[LiteCoinGuy]

updated.

[Vaultoro]

I got into bitcoin to get away from fiat.

If you never want to touch filthy fiat again you can use Vaultoro to trade into allocated gold secured in top-tier professional bank independent bullion vaults located in Switzerland, audited and insured. You can trade your gold instantly back to bitcoin when you need to spend it. Minimum trade is a miligram or 0.0002 BTC so anyone can trade.

We are also one of the most transparent exchanges in the industry, using the blockchain to have a proof of above 100% reserve.

[BitcoinGL]

Hello
I add funds to bito.com i find bitok in bitcoin.com/buy-bitcoin and now its more 2 days website undergoing maintainence and bitok support not know when they will back.
is that website safe and trusted ?
Please if you have any information about the website if they have problem and will take long time to back, hacked, scam .... etc please let me know

[24xbtc.com]

In case if you are looking for good and trusted exchange service, you should visit our website !
24xbtc.com - the best exchange service !

[LiteCoinGuy]

Hello
I add funds to xxxxx i find bitok in xxxx and now its more 2 days website undergoing maintainence and bitok support not know when they will back.
is that website safe and trusted ?
Please if you have any information about the website if they have problem and will take long time to back, hacked, scam .... etc please let me know

never heard of these exchanges. i would not use these.

[LiteCoinGuy]

Please note that you should never store your coins on an exchange because you dont have control over coins when you do that. Exchanges get hacked regularly. Buy/Sell and move the coins/money.
Use a hardware wallet for midterm/longterm storage.

beginners-help/overview-bitcoin-hardwar ... -t200.html

[iFixBTCmemoryIssues]

How to choose the right Bitcoin exchange
..........

Reliable exchanges that are used by many people are:

-Bitstamp
-Kraken
-GEMINI
-Circle
-Coinbase
-Safello
-Xapo
-bitcoin.de
-localbitcoins.com

.......

-these informations are supplied without liability - before you use an exchange, make a proper background check - you should make your own due diligence -

Use https://www.coinbase.com, they are insured.

[mjglqw]

I would personally use a local bitcoin exchange site. But I wouldn't suggest this if you're using big amounts of bitcoins.

[LiteCoinGuy]

-updated-

[grandFX]

the best a place for bitcoin exchange or trading bitcoin is huobi ( an exchange from china)
Volume is so high there.

[dotthebeats]

Hello
I add funds to xxxxx i find bitok in xxxx and now its more 2 days website undergoing maintainence and bitok support not know when they will back.
is that website safe and trusted ?
Please if you have any information about the website if they have problem and will take long time to back, hacked, scam .... etc please let me know

never heard of these exchanges. i would not use these.

Same here, i never hear about this exchange seems too shady and not a reputable one. FOr sure your deposit funds are lost.

[epidietics]

Have anyone used https://sellbitcoinsfast.com/cashout.php - The Bitcoin Traders LLC is incorporated in Texas, USA. -
I sent 2btc to go to my paypal and now they refuse to send the money to my account.
Any tips on how to get my money or coins back. I have complete dialogue transcription and screen shots.
These bastards are using deceptive and predatory methods.

Thanks for any help

[buford]

thank you for the list
I'm using localbitcoin and no problem until now

[Grdas1979]

I use Kraken because its easy to make a bank transfer to them, but I don't feel safe leaving large amounts of BTC in my online wallets.

[austinray]

Hey Guys,
I am new to this community. I have certain questions about bitcoins.
As if i buy 1 bit coin and want to purchase something online and payment mod is bitcoins. But for an example 1 bitcoins = 100$ and product which i want to purchase is just of 50$ than how i will get my 50$ back? or how can i transfer only50$ to him?

[coinspilot]

Greetings of the day to all,

We have recently opened Bitcoin Exchange http://www.coinspilot.com , it is currently under beta testing. Interested viewers can visit the website and can get a hands on experience of the user interface of the website. We are currently looking for partner who can help us in stocking bitcoins in our master wallet. The operation of the website will be international but the country of origin is India, so we can expect a lot of business from India due to local current account of the company. We also have upcoming current accounts for International transfer in Dubai, Latvia and Estonia as well. The website will have payment processing capability of credit cards, debit cards, netbanking, okpay, moneypolo, perfectmoney, neteller, skrill and more, so client will have many options to load the fiat currency wallet. We can offer good and realistic returns to our partners.

For more details kindly send your queries to admin@wisegates.com

Regards
Team coinspilot.com

[Windowly]

I would add Vaultoro to the list. It's probably the most transparent exchange out there, allowing you to verify on a weekly basis that it has the gold it says it has and on a 7/24/365 basis that it has enough bitcoin to cover all the accounts.

[tychan.nepal]

there are many. choose one which has a longevity like localbitcoin, coinbase etc.

[Dynamix]

A really cool and reliable exchange would be localbtc, you can easily transfer bitcoins from one to another in any part of the world, you can also sell / buy bitcoins with straight cash , its pretty cool.

[patrickcoin]

The bitcoin giving quick and secure platform for bitcoin exchange

[mayank.singh32]

The reliable bitcoin exchanges are necessary for secure trading

[patrickcoin]

Really helpful article. Can anyone suggest me a reliable exchange