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RE: Banning Bittrex for good : My new options are Cryptopia, Bitshares and Coss.io. What do you think?

in #cryptocurrency7 years ago

I just saw it's from China. I think I would wait until their regulations are clear and not controversial anymore =)
Otherwise seems a good one. I checked HitBTC, there are terrible reviews about it and apparently it has been hacked not long time ago. Liqui have terrible reviews too. Same for Yobit. Arrgg

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It's based in Hong Kong actually, which has different laws and regulations from China, but still is under the influence of China in some ways.

My recommendation is to keep funds in your wallet. Then when you're ready to trade, temporarily move to exchange, then move back into wallet. This is why withdrawal fees are such a big deal, because moving it back into wallets gets expensive.

From my perspective, my funds have about as much chance to be seized on a US exchange (due to new regulations) like Bittrex as they are on Binance. I trust neither. If you look for reviews on Binance though it's pretty much all positive.

It's crazy to not trust any of the exchange like this but still don't have a real choice. Can't wait for the DEX to rise up