/biz/ - Business & Finance

>>13103542

None of them are legit. The closest you get to legit is kraken.

>buttcoiner's face when the only pseudo-legit exchange obeys every fuck you in the ass regulation and law in the universe.
>anon's face when he has to fill out 588767676 tons of paperwork to do business with them.

>>13103608
>nocoiner cope
Mental illness at this point

>>13103629

The crypto cult of 2019 isn't the underground tech project I signed up for 9 years ago. You've SODL out everything you supposedly stood for.

Oldfag coiners were hilarious, but I could respect their tenacity. Their politics were retarded, their religious wars were even more retarded, but they were consistent. Now

>not anonymouse.
>fully compliant with all sanctions, regulations, and money laundry laws.
>must submit literally every piece of ID in the universe to do anything with it.
>centralized as fuck.
>exists only as a speculative asset for muh get rich quick memes.
>macrotransactions.
>not at all fee-less.
>not fast.
>not censorship resistant.

>>13103668
If it's the old school wild west you're looking for then head over to any of the decentralized exchanges like forkdelta and knock yiurself out. We're all here having a blast. With tokens like Maker Dai you can even do leveraged longs right on the blockchain and you don't need anybody's permission. They couldn't stop you if they tried.
The advantage of the legitimate exchanges exemplified in the OP is they offer a trusted place for normies to get back in the market for spot trading. Unlike the rest of the market, you can fill out that mountain of paperwork and when you're done you can start trading with at least some assurance you have a fair shake and at making money then actually getting that money back when it's over. Before now, that was much less of a certainty at least in the minds of the people we need to attract for the price to rise. Naturally everybody on biz is a genius and already knew which exchanges were fake. Smart money definitely did which is why CME and Cboe based their underlying price on these exchanges. But now everybody knows the secret and is a little closer to being in that smart money club. This breeds confidence in the market. We might actually win this thing.

>>13103542
>bitfinex
>legit
how does it feel to be such a newfag

>>13103668
>I signed up for 9 years ago
Lol fuck off newfag

>>13103850
Against the rest of that list I admit I would rank Bitfinex last but that's only cuz I feel so good about the rest not necessarily that I feel bad about Bitfinex. They got hacked and gave everybody a haircut but the fact they came back is positive. The tether fiasco leaves many people scratching their heads but as it stands, USDT doesn't appear to be going anywhere so maybe it's fine.
What's your problem with Bitfinex?

>>13103542
>Bittrex
>legit

Lmao, they scrub your records, making it impossible for you do your taxes on your trades.

half of those aren't legit, generally the exchanges in the eu tend to be much more legitimate, us is bucket-shop tier apart from maybe coinbase.

>>13104163
>making it impossible for you do your taxes on your trades.
Well darn, guess I'll have to """remember"'' my trades.
>>13104173
>half those aren't legit
For example? Some reasoning would help too.
>generally the exchanges in the eu tend to be much more legitimate
Name some.
Just taking a quick look at each of those exchanges, the trading looks suitably random, the consecutive buys and sells aren't suspiciously random like what you get in wash trading, and you get the typical trades on round numbers that indicate it's a human trader, the volume looks legit, it isn't all one straight line or some weird sinusoid pattern, also it spikes in the right places indicating legit trading. Those exchanges also have the right distribution of order sizes. Lots of small orders with an exponential decay as orders get larger just as you would expect. Also the prices line up very close to other exchanges trading the same pairs.
All of these things indicate a very high likelihood the trading is legit and these are the only exchanges that check all the boxes. If they are faking it they are doing a magnificent job but then you have to ask, why aren't they faking it enough to have massive volumes like the obviously fraud exchanges like, e.g., Exx and Bibox.
Face it, anon, the US exchanges are legit and most other exchanges including almost every exchange in the EU is a fraud. You don't have to believe the evidence though. Your loss

>>13104226
the consecutive buys and sells aren't suspiciously SIMILAR
Similar is what I meant