Hey guys,
To follow on my previous post regarding the very weird behaviour of Bittrex, I decided to withdraw my altcoins from it.
Because I have the feeling that we can't trust them anymore.
I'm really looking forward for the next top 1 exchange which will be decentralised. I love Bitshares and its concept but so far there are not enough volumes for the coins I want to trade so I have to rely on an other centralised exchange.
For now, I have a lot of BTS on Bitshares that I hold and I can't wait for the platform to skyrocket. A bad event from centralised exchange will help Bitshares to become the top exchange.
I still need to daily trade so I needed a reliable exchange now.
After research I found Cryptopia and Coss.io pretty cool.
I think going on a too big exchange brings expensive fees, bad support and the risk that they will shut down without saying a word.
Cryptopia is based in New Zealand. I'm travelling over there so far, so it's easy for me to put some New Zealand Dollars on my account.
The website is clean, they have a lot of altcoins (lot of shitcoins but also lot of good one). Fees are pretty reasonable too !
The charts are correct, not the best, but still manageable to play around with tools. Volume is not crazy but the platform is still active every day.
They have a random reward system and a lottery but so far I think the volume needs to grow in order to make it efficient.
I wish they had a 2FA available for free (cost 35$ to extra security) as for now they asked only for logins and a PIN number.
A good thing, they have a marketplace where you can buy things with direct crypto currencies.
So I withdraw most of my day to day altcoins and BTC to Cryptopia and will see if the platform will surprised me.
To remember you, 95% of my investment is store in secured wallet. I'm only trading daily with the remaining 5%.
The second exchange is Coss.io. It is very new so means not good volume yet but they have a great concept and raised millions and millions during their ICOs.
Their unique feature is their reward system based on the fee that you paid during the transaction. They are basically rewarding you back with 50% from the fees that you paid (and the other person who buy/sell during the transaction will get the reward too).
They have already few good altcoins and I think it's just the beginning. So I created an account there and waiting for the platform to grow.
Right now, I will use Bittrex only to use their chart and tools as it is easier, cleaner and I'm use too.
Just to let you know, to withdraw my money it cost me around 10% of my total value. So ****** expensive. I can't handle this platform anymore.
Don't tell me about Poloniex or Kraken as it is the same thing. I'm using Kraken to send Euros on it (for the one who don't know me I'm a French native). On Kraken, every transaction cost me 1.50€. What a joke.
I don't mind paying the network fee it's normal, But I mind making someone richer while he is using me.
I'm using Bitfinex to trade IOTA and EOS and its a cool platform but that's it. Not enough choice for me.
Regarding decentralised exchanges, I tried Etherdelta but the platform doesn't load with my Mac system and I couldn't find why.
I heard of Kyber and Ox but still in development as well.
I also have the Waves platform where I hold my Waves coins, but again, not enough coins for me to use it daily.
Anyway if you have any other ideas of new exchange or old reliable one that I missed let me know !
Hopefully soon we will get rid of all these new big lobbies (centralised exchange) for good. And make the crypto market, a safest place for us.
Happy day, Happy trading Steemians !