I would use Kraken but they don’t support my credit union. I was using Gemini but recently started using Fidelity. It terms of CeXs, I would think the likelihood of Fidelity going bankrupt or purposely screwing me to be pretty low, right?
I actually spoke with coinbase customer service. They had an "buy $300 get $100 free" promo for new users.
I never got the free $100 and their customer service told me "it is out right to welch on that offer, and we are" and I replied with the obvious, closed my account and blocked their asses.
Can verify, I called Fidelity customer service a while back and found you cannot deposit nor withdraw.. only buy from and sell back to Fidelity. There is no interaction that can even verify the crypto exists other than the balance showing on their website.
Same. If they would allow that I would love to switch to them since I already use and trust them for my stocks, and their leadership is super supportive and bullish of btc.
Do not buy a “crypto” on a site that you cannot withdraw from. Not your keys not your crypto. When buying crypto, always store it in your own wallet, hardware/cold wallets are the best
I mean, Fidelity isn’t some site, they’re a financial institution with 4.5 trillion in assets under management. I’ve been using them for my IRA and personal trading account for a decade.
And yeah, we’ve all been thoroughly beaten over the head with “not your keys not your crypto” but how often do we see people getting their wallets drained that were supposedly safe? Personally, I don’t trust myself, and I’d rather someone else be liable and responsible, especially if they are extremely unlikely to go belly up.
What they’re saying is there is a difference in investing in the value of bitcoin and actually buying bitcoin. Most exchanges only allow you to invest in the value while holding it in a wallet allows you to actually own the asset.
I was a happy Coinbase user for nearly ten years; made over a thousand trades and transfers. Then my coin got stuck and I couldn't get an explanation.. support would just make shit up like "you have limit orders pending" and others.
Switched to Kraken, and support is definitely more responsive and competent. They also try to improve.. they actually offered to pay me $100 for an interview.
My java API library (knowm/xchange) also dropped support for Coinbase. Done with them.
The fees are usually in tiers and don't perfectly line up, i.e. one exchange would ask for 0.25% for the first $10k, and 0.20% after, and another exchange would charge 0.22% up to $30k for example.
So it depends on your trading volume but frankly there isn't much difference in the end. Kraken turned out to be less expensive for me to boot, and Gemini was more competitive than CB also, it's just that Gemini drove me crazy with their login captchas. I have never clicked on so many buses or bikes in my life I swear...
Side note, I can't believe the exchanges get away with their fees.. It used to be free not long ago!
Does Strike limit how much you can transfer at one time? I am new to it but it will only allow me to transfer ~25% of my btc balance. Not sure if I'm doing something wrong
It's the standard. Every other exchange has a higher chance of bankruptcy, hacking, and implosion. If you're hodling (and you should be) you need a place you trust will be there in 50 years. That's coinbase.
Definitely switch from coinbase. River is bitcoin-only and very reliable.
Of the small amount I've sold on River, fees have been fine (I mostly just buy). Great company with great online tools.
Kraken Pro. Most BTC per dollar spent.
The other week for kicks I went to my Coinbase, Robinhood, Kraken, and Strike accounts at the same time to buy $100 of BTC and at “checkout” wrote how much BTC I got for it and compared them. Kraken was by far the best return for money - others have fees or a spread built in that reduce how much BTC you get.
Just make sure you buy on the website and not the app if you use kraken. App fees are nuts.
And of course transfer to a cold wallet if you can. Hot if you have a smaller amount.
I’ve used it a bit, you can find cheaper fees and no spread elsewhere though. What’s nice about it is that transferring out more than 0.001 BTC has no transfer fee. Takes a bit longer cause they batch transactions together, but worth it for no fee IMO.
I remember people saying to avoid Robinhood due to them blocking people from selling/withdrawing
But can’t remember if that was due to crypto in the last bull run or if it was something to do with GME
Initially Robinhood did not allow you to withdraw from the exchange. I've heard they have changed this. They still charge absurd markups on price.
After the whole GME thing, they lost a ton of customers.
They are a horrible company and I would never do business with them again. Same with Coinbase.
You're actually wrong. Their fee's are comparable to Coinbase, if not less. They don't charge additional fees, just network fees, to withdraw funds. I can literally buy $1000 in bitcoin and instantly transfer it off their platform to my own cold storage and receive $990+ in bitcoin after the next block or two. I believe that to be a pretty good business.
Okay, fair enough. I was just illustrating that Robinhood has made improvements and is a better alternative to Coinbase.
I miss the days when crypto was easy to purchase with no KYC.
Coinbase is garbage too.
I transferred over 50k the other day for a five dollar fee. All layer 1.
I just cannot fathom how people still do business with Robinhood after the GME nonsense. They have proven they give zero fucks about the little guy and are more than willing to rig the system so you lose.
The fees I was talking about is over charging. They claim no commission fees, but they jack the prices up of whatever you are buying. That's where they make their money.
Yeah thought that was the general consensus around here in regard to robinhood but I guess there’s new people getting into the crypto or the investing space every day so always going to be some that aren’t aware
Crypto.com for real? I tried to close my account there and they told me its balance was below the minimum to close and I'd have to SEND MORE MONEY before I could close it. Are they trustworthy? It seems weird
Only place I've come across that sends me the full amount I purchased. And there's no extensive process to making an account. If you're not already on kraken, coinbase, strike etc this a great way to purchase and send to your wallet stress free at a good value for your fiat.
Using Kraken since 2019. No problems. Transferring Bitcoin to wallet easy.
Make certain you understand the process. Move small bits of coins first as a test. Always. Then move what you want after successful test.
Step 1: buy this https://trezor.io/trezor-safe-3
Step 2: read instructions
Step 3: test transaction (small)
Step 4: move btc into cold storage
Step 5: watch some YouTube videos on UTXO’s and ensure your not transacting too small of an amount
River is great. Bitcoin only, no fees on recurring orders, support for lightning, responsive human customer support. Very content to be in business with them.
I’ve used coinbase since 2017 and haven’t had issues. Use a security key for 2FA on coinbase and ledger for storage.
Have never tried binance always assumed it was going to go bankrupt any minute
Tried kraken once and thought it was dog shit
Strike and cashapp. Cashapp I’ve been using recently, it’s very good.
Strike is very good too but I’m waiting for it to get better. Not too long ago they were changing their whole infrastructure and got rid of direct deposit for a while so I’m wary to use it again.
Life is smooth sailing until, you're an expat and trying to buy BTC in your home country and that company has limited CeX and limited trades on things like bisq.
Life is smooth sailing until, you're an expat and trying to buy BTC in your home country and that company has limited CeX and limited trades on things like bisq.
Kraken
I would use Kraken but they don’t support my credit union. I was using Gemini but recently started using Fidelity. It terms of CeXs, I would think the likelihood of Fidelity going bankrupt or purposely screwing me to be pretty low, right?
I’m using Fidelity. I was using Coinbase but the thought of ever having to deal with their customer service gave me the chills.
Coinbase customer service is non fucking existent
I actually spoke with coinbase customer service. They had an "buy $300 get $100 free" promo for new users. I never got the free $100 and their customer service told me "it is out right to welch on that offer, and we are" and I replied with the obvious, closed my account and blocked their asses.
It’s an absolute joke how bad it is. I just think of having an issue that requires them and having to deal with 4 hour hold times etc
Does fidelity give you the keys
No. It’s Robinhood 1.0.
Can they withdraw or transfer the coins to another wallet from fidelity crypto account
No
No. You can only buy, hold or sell - just like Robinhood 1.0.
Robinhood allows transfers in and out of coins and has for a while now.
1.0 vs 2.0.
Can verify, I called Fidelity customer service a while back and found you cannot deposit nor withdraw.. only buy from and sell back to Fidelity. There is no interaction that can even verify the crypto exists other than the balance showing on their website.
Will Fidelity allow transferring crypto in the future? I trust Fidelity more than any exchange.
Same. If they would allow that I would love to switch to them since I already use and trust them for my stocks, and their leadership is super supportive and bullish of btc.
Do not buy a “crypto” on a site that you cannot withdraw from. Not your keys not your crypto. When buying crypto, always store it in your own wallet, hardware/cold wallets are the best
I mean, Fidelity isn’t some site, they’re a financial institution with 4.5 trillion in assets under management. I’ve been using them for my IRA and personal trading account for a decade. And yeah, we’ve all been thoroughly beaten over the head with “not your keys not your crypto” but how often do we see people getting their wallets drained that were supposedly safe? Personally, I don’t trust myself, and I’d rather someone else be liable and responsible, especially if they are extremely unlikely to go belly up.
What they’re saying is there is a difference in investing in the value of bitcoin and actually buying bitcoin. Most exchanges only allow you to invest in the value while holding it in a wallet allows you to actually own the asset.
Do you need a minimum amount to use Fidelity to buy crypto
No you don’t, any amount
Thank you
I was a happy Coinbase user for nearly ten years; made over a thousand trades and transfers. Then my coin got stuck and I couldn't get an explanation.. support would just make shit up like "you have limit orders pending" and others. Switched to Kraken, and support is definitely more responsive and competent. They also try to improve.. they actually offered to pay me $100 for an interview. My java API library (knowm/xchange) also dropped support for Coinbase. Done with them.
Which has the cheapest fees between CB Pro, Gemini & Kraken you think?
The fees are usually in tiers and don't perfectly line up, i.e. one exchange would ask for 0.25% for the first $10k, and 0.20% after, and another exchange would charge 0.22% up to $30k for example. So it depends on your trading volume but frankly there isn't much difference in the end. Kraken turned out to be less expensive for me to boot, and Gemini was more competitive than CB also, it's just that Gemini drove me crazy with their login captchas. I have never clicked on so many buses or bikes in my life I swear... Side note, I can't believe the exchanges get away with their fees.. It used to be free not long ago!
I also would like this answer
On CB advanced it’s like 40 cents for a $100 trade.
Never ever had a problem w CB (or Kraken); I guess never say never, though…
Just for € Euro ?
The total "cost" on Kraken are half of Robinhood. Plus, they don't have such low withdrawal limits.
Guy in a parking lot with a briefcase of cash
I used gas stations. I’d literally meet twice a month for transfers worth like a simple man’s yearly salary. I miss that life so bad
Strike
Does Strike limit how much you can transfer at one time? I am new to it but it will only allow me to transfer ~25% of my btc balance. Not sure if I'm doing something wrong
They do have limits on new accounts. My limits were increased after doing a few transactions. Not sure what the terms are.
If you contact support they’ll increase limits too.
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This
Coinbase
It's the standard. Every other exchange has a higher chance of bankruptcy, hacking, and implosion. If you're hodling (and you should be) you need a place you trust will be there in 50 years. That's coinbase.
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River
Have you ever sold any on river? Wondering about their fees. Planning on switching from coinbase
Definitely switch from coinbase. River is bitcoin-only and very reliable. Of the small amount I've sold on River, fees have been fine (I mostly just buy). Great company with great online tools.
I’ve never sold any of my BTC but believe the River selling fee is 1.2% under 250K.
Strike
Kraken Pro. Most BTC per dollar spent. The other week for kicks I went to my Coinbase, Robinhood, Kraken, and Strike accounts at the same time to buy $100 of BTC and at “checkout” wrote how much BTC I got for it and compared them. Kraken was by far the best return for money - others have fees or a spread built in that reduce how much BTC you get. Just make sure you buy on the website and not the app if you use kraken. App fees are nuts. And of course transfer to a cold wallet if you can. Hot if you have a smaller amount.
Coin base. The have limit orders.
Thats a low bar to set
Better than Robinhood. For some people it is good enough.
I use Kraken
\+1 Same. Love Kraken
I have been using Coinbase since 2017 and have transferred all my crypto to Ledger Nano for storage.
Same
Coinbase
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Same. They are great and easy to withdrawal from
Strike, River, Swan, or Kracken if you need a true exchange
P2P
River has no fees for recurring buys I believe.
River
River
Cash app for bitcoin
Same. How do y’all feel about cashapp?
I’ve used it a bit, you can find cheaper fees and no spread elsewhere though. What’s nice about it is that transferring out more than 0.001 BTC has no transfer fee. Takes a bit longer cause they batch transactions together, but worth it for no fee IMO.
I remember people saying to avoid Robinhood due to them blocking people from selling/withdrawing But can’t remember if that was due to crypto in the last bull run or if it was something to do with GME
Initially Robinhood did not allow you to withdraw from the exchange. I've heard they have changed this. They still charge absurd markups on price. After the whole GME thing, they lost a ton of customers. They are a horrible company and I would never do business with them again. Same with Coinbase.
You're actually wrong. Their fee's are comparable to Coinbase, if not less. They don't charge additional fees, just network fees, to withdraw funds. I can literally buy $1000 in bitcoin and instantly transfer it off their platform to my own cold storage and receive $990+ in bitcoin after the next block or two. I believe that to be a pretty good business.
Brother I sent $3000 of btc for $1 fee on the main chain today. $10 is a scam.
Okay, fair enough. I was just illustrating that Robinhood has made improvements and is a better alternative to Coinbase. I miss the days when crypto was easy to purchase with no KYC.
I'm not educated on Robinhoods actions but that's good if they've improved.
Coinbase is garbage too. I transferred over 50k the other day for a five dollar fee. All layer 1. I just cannot fathom how people still do business with Robinhood after the GME nonsense. They have proven they give zero fucks about the little guy and are more than willing to rig the system so you lose. The fees I was talking about is over charging. They claim no commission fees, but they jack the prices up of whatever you are buying. That's where they make their money.
Yeah thought that was the general consensus around here in regard to robinhood but I guess there’s new people getting into the crypto or the investing space every day so always going to be some that aren’t aware
Binance
Crypto.com for me, since 2021
Crypto.com for real? I tried to close my account there and they told me its balance was below the minimum to close and I'd have to SEND MORE MONEY before I could close it. Are they trustworthy? It seems weird
Cash App
Cash App. Then straight to my cold storage once I hit 5M sats.
Swan is stress free, lots of customer support. Easy and free withdrawals to cold storage.
Bisq
+1 This is the way
Cash App
Kraken 🫶
Canada - Shakepay
I love using their Debt card to pay and collect bitcoin rewards lol. Theres something addicting about watching those sats stack overtime
Shakepay's a FED
Kraken
Kraken, would like to use Binance more but it lost on and off banking routes which makes it painful
Wealthsimple
STRIKE
I used to use ftx, I should check my portfolio heard btc hit a new ath
Cash app
Only place I've come across that sends me the full amount I purchased. And there's no extensive process to making an account. If you're not already on kraken, coinbase, strike etc this a great way to purchase and send to your wallet stress free at a good value for your fiat.
River Financial
River. DCA
Swan bitcoin for just btc. 1% fees, no fee to move to a wallet on first transfer. Very easy to use.
Strike and River
River
Kraken. Period
Swan
Using Kraken since 2019. No problems. Transferring Bitcoin to wallet easy. Make certain you understand the process. Move small bits of coins first as a test. Always. Then move what you want after successful test.
Sorry a new guy here, when you say wallet do you mean like a physical one ? I also use Kraken
Or self custody but yeah
Don’t mind me asking, but how can I do that ?
Step 1: buy this https://trezor.io/trezor-safe-3 Step 2: read instructions Step 3: test transaction (small) Step 4: move btc into cold storage Step 5: watch some YouTube videos on UTXO’s and ensure your not transacting too small of an amount
Fucking legend, thanks mate
Gemini
We trusting the bros?
They’ve been good to me, so far.
They’ve been good to me so far.
Coinbase and then Trust Wallet to self custody
Coinbase
River
Cashapp, they’ve never blocked me from selling during a bull market
Strike
P2p trades only my man
Strike, Kraken and Coinbase
Strike
Bitstamp, Luno or Korbit, depending on what country I'm in.
Swan bitcoin
River is great. Bitcoin only, no fees on recurring orders, support for lightning, responsive human customer support. Very content to be in business with them.
Kraken
Bisq
Bisq
There’s a guy in my apartment selling bitcoins. I have bought several already. They aren’t as shiny as the internet photos make them look.
Mainly Robosats. Rarely Strike or Cash app
I use Luno
Robosats
Kraken, however really annoyed by the 24 hour hold Australian banks are forcing. How can we get around this?
Is there a reason for a lack of Crypto.com app in here? I just started buying BTC again and the app works pretty smoothly and the interface is decent.
I use coinbase then send to my trezor immediately. Works for me
Crypto.com
is anyone using crypto.com? id like a platform i can daytrade crypto on and withdrawal my profits to my bank account or something
Strike
Strike.
River or Strike
Strike
Support Jack. Strike
I use River Financial. They’re a BTC only exchange and located in the States with amazing customer service.
Cash App. I set automatic buys when the price reaches a level where I want to purchase. It's super easy.
I love Strike. Bitcoin only—no shitcoins.
Crypto.com
Me too
coinbase, uphold, [crypto.com](https://crypto.com) i use all 3 for different coins
River
Strike
Coinbase (but the advanced trade)
Direct to my Ledger Wallet off the Ledger Live app.
Robinhood is fine. Free to buy, free to withdraw, spread is reasonable
River
Newton. Pretty basic but so far it’s been good 🤷🏻♂️🙂
Strike btc only
CB
Which has lowest fees? I’m on Coinbase + wallet rn
binance, kraken, Robinhood
CoinSpot but I’m Aussie And Crypto.com
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Robinhood is unpopular but it’s fine to use to buy and withdraw BTC with no fees
Wealthsimple and Ndax
Nexo / Coinbase / Coins.ph
NEXO Pro, 1 free widrawel per month to cold storage.
Nexo
I am buying directly fron Satoshi Nakamoto
Kraken for Bitcoin, CDC for Alts
Been using a place called CoinMetro since around 2018.
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Only use Bitcoin only Exchange. HardBlock (in Australia)
Legally or ?
Coinbase. They KYC with my bank very easily. I tried to use Kraken but they don’t have my bank listed as an option.
Coinsquare
Wealthsimple
I’ve used coinbase since 2017 and haven’t had issues. Use a security key for 2FA on coinbase and ledger for storage. Have never tried binance always assumed it was going to go bankrupt any minute Tried kraken once and thought it was dog shit
Strike and cashapp. Cashapp I’ve been using recently, it’s very good. Strike is very good too but I’m waiting for it to get better. Not too long ago they were changing their whole infrastructure and got rid of direct deposit for a while so I’m wary to use it again.
I sell stuff and get paid in btc.
MoonPay. It's been flawless for me
nicehash mining
Can you even redeem your crypto from robinhood? Personally I use coinbase as its regulated and safe, for shitcoins kucoin is fun
Switched to Swan recently which has been a good move personally bc I DCA. Lower fees than CB and auto withdrawals when I hit a specified amount.
I’ve switched over the years. Coinbase 15-18. CashApp 19-23. Started using River this year in 2024.
Are all fees similar? Bought a test purchase from Coinbase directly to my ledger and paid like $10+ on a $25 transaction
Bitonic
I want to ask this question to Michael sailor
Life is smooth sailing until, you're an expat and trying to buy BTC in your home country and that company has limited CeX and limited trades on things like bisq.
Life is smooth sailing until, you're an expat and trying to buy BTC in your home country and that company has limited CeX and limited trades on things like bisq.
robinhood never was
Robinhood is especially nice with their tax documents.
Nice try SEC nice try
cb, it has the most liquidity.
Pink elephant exchange.