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Howard26

Favorite exchanges & why

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1 hour ago, David80 said:

can I send bitcoin directly from coinbase to my gatehub wallet?  

I haven't tried it, but I don't see why not...I've withdrawn bitcoin numerous times from coinbase bitcoin wallet to various exchanges' wallets, except gatehub. Usually if the exchanges you're using support bitcoin, then they will both have bitcoin wallets and that's generally sufficient to transfer bitcoin from one to the other in either direction.

Here is coinbase's explanation: https://support.coinbase.com/customer/portal/articles/971437

Careful searching online for this explanation. The first hit I got was "getahub", or something similarly off, most likely a scam website.

 

Edited by enrique11
correction

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thanks man!  My coinbase account shows my USD wallet as not activated.  is that simply because it hasn't been funded yet?  I assume that is where i will buy my bitcoin from on coinbase?  from that USD wallet?  Then i can send right from that wallet? I know you don't use coinbase but you seem pretty knowledgeable and might be able to help me.

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8 minutes ago, David80 said:

thanks man!  My coinbase account shows my USD wallet as not activated.  is that simply because it hasn't been funded yet?  I assume that is where i will buy my bitcoin from on coinbase?  from that USD wallet?  Then i can send right from that wallet? I know you don't use coinbase but you seem pretty knowledgeable and might be able to help me.

 

Has it ever been funded before?  If not, that might be it.

It can take a while to fund. For me using USD it can usually takes about a week or so, including non-business days (weekends), but if it's your first time funding and they haven't OK'd the registration yet, it might take longer.

My friend's registration and funding took about 3 weeks, but he was registering after ripple had peaked majorly for the first time and many people were trying to sign up on coinbase, polo and another exchange or two had issues because of massive xrp trading.

Edited by enrique11

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never been funded before.  I will fund with debit card so will be instantly in the account.  apparently there is no wait time for that funding method.  once the money is in my coinbase account, I can buy bitcoin and then transfer that to my gatehub account and convert to xrp.  at least that's what I'm reading.  I'm just wondering if I need to create a wallet within  coinbase to send to gatehub or if i can just simply send the bitcoin througha normal transfer method without creating a new wallet with bitcoin.

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Just now, David80 said:

never been funded before.  I will fund with debit card so will be instantly in the account.  apparently there is no wait time for that funding method.  once the money is in my coinbase account, I can buy bitcoin and then transfer that to my gatehub account and convert to xrp.  at least that's what I'm reading.  I'm just wondering if I need to create a wallet within  coinbase to send to gatehub or if i can just simply send the bitcoin througha normal transfer method without creating a new wallet with bitcoin.

Cool, they'll probably charge you more...but at least you get it quickly.

 

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I'll go down the top 10 with most volume...exclude KRW cause it's just almost impossible to open an account there if you're not Korean.

This is not a perfect take on them...feel free to comment/add anything you think I missed/misread.

Poloniex
Pros: great volume, nice swings, good selection beside XRP, not asking too many questions for basic account
Cons: trades only BTC and USDT pairs, slow transfer,  poor withdrawal choices, very little trading tools, not sure they'll be around next year if the SEC look closely at their past practice and that infamous rip TrollBox
Variable: located in the US and not very transparent, so, politics or regulation could change its status sooner than later

Bittrex
Pros: good volume, very good selection beside XRP, not asking too many questions for basic account
Cons: bad interface (all web site in general), no trading tools, poor withdrawal choices, USDT pairs
Variable: located in the US and not very transparent, so, politics or regulation could change its status sooner than later

HitBTC
Pros: growing fast, good selection beside XRP, fast transfer
Cons: graphic design needs to be revamp, little trading tools, unknown reputation
Variable: located in Hong Kong with restrictions for many countries or states

Bitstamp
Pros: very nice interface, good trading tools, ok volume, EUR pairs
Cons: hard on CPU/GPUs when there's big volume,  very tough on KYC, very little pairs to trade
Variable: located in UK but licensed in Luxembourg and using a Slovenian bank...imagine withdrawing to your bank...they will ask questions about money laundering

Kraken
Pros: fast customer service and new account approval, great trading tools, ok volume, EUR pairs, multiple choices and fast withdrawals
Cons: both old and new interface are very buggy especially with high volume...almost impossible to put an order the first try, often locked out by cloudflare, color themes and fonts to be changed..hard for the eyes
Variable: located in the US but seems to be very transparent about following the rules

Bitfinex
Pros: many options beside regular trading, great volume (no1 BTC), fast execution, easy and fast to setup a basic account
Cons: they show USD pairs but banks block their wire out...only manual withdraw of big amount supported,  no other "real" fiat, little pairs
Variable: located in Hong Kong with restrictions for many countries or states, have been hacked before but handled it with professionalism (it seems)

Ripple Network - Desktop Wallet
Pros: you're the only "master" or your account, huge numbers of pairs with XRPs growing every day
Cons: lower volume than the big exchanges, small bugs like "max fees" when there's a lot of volume when adding or cancelling a transaction...need to retry many times to make it work
Variable: community build so not sure if we'll see some update any time soon

GateHub
Pros: run by known members with very good reputation, access to "your" Ripple account, good support when you go through XRPchat, builiding a nice list of XRP pairs with "Fifth" partners
Cons: confusion between the GateHub wallet (to transfer fiat, etc.) and "your" Ripple wallet accessible throught GateHub interface, trading interface buggy on some browsers, very little trading tools, slow support when you go through their website
Variable: like Bitstamp (GH team used to work there btw) they use a Slovenian Bank for wire transfer which can cause your bank to ask a lot of questions

 

 

Edited by Malloy

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Bitstamp. Waited since monday to get my deposit to my account. Before it was like max 2 days. Sent a SEPA transfer. They haven't answered my mail nor phone call.
Any other with this experience? 

 

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24 minutes ago, Baboly said:

Bitstamp. Waited since monday to get my deposit to my account. Before it was like max 2 days. Sent a SEPA transfer. They haven't answered my mail nor phone call.
Any other with this experience? 

 

Yes...support has been slower and slower last few months

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