It's a must to learn how to go abroad!

It's a must to learn how to go abroad!

Due to the domestic regulatory policy, exchanges will be closed for about 1-2 months, and different exchanges have different hours. Many friends have consulted me about opening an overseas exchange account. So I write a separate article here to summarize some of the exchanges that I have mainly used over the years, but I hope I can help you. These are my personal experiences, and I hope to be as objective as possible.

• first

  Many players have known for years that one of the biggest risks in the virtual currency industry is the risk of exchange failure. MT.GOX, which went bankrupt in 2014 and left countless players homeless, so today I will focus on several exchanges that have continued in the industry for a long time, so as not to take everyone into the ditch. They are now one and the same, but I can not guarantee whether they can survive all the time, and I hope that everyone will be vigilant at all times and put as many coins as possible in the offline wallet.

  This article is divided into mainstream currency exchanges such as Bitcoin and shadow currency exchanges for introduction and opening guides, there are already detailed tutorial for trading on various major websites in the circle, this article does not elaborate.

• Bitcoin exchanges:

  • 1、 Bitfinex：https://www.bitfinex.com/

    Pros:

    1. The largest exchange in terms of dollar trading volume, none of the most liquid
    2. There is a Chinese version, one of the stores.
    3. Opening up the financing functionality, Bitcoin and U.S. dollars that are dormant can be borrowed for interest.
    4. It can be traded in many mainstream currencies: LTC, ETH, ETC, BCC, ZEC, XRP, DASH, EOS, NEO, etc.
    5. Customer service is fast (I speak English, I don't understand Chinese)
    6. Trading commission is 0.2% and maker 0.1% Disadvantages:
    7. It takes time to learn and adapt.
    8. Because you can finance the rise of fiat currencies, the rise is higher, the fall is deeper, and the price volatility is higher.

    Firsthand experience: This is the most frequent US dollar exchange I use. Their registered company is in Hong Kong, and I visited once before because of concerns about their financial security. In August 2016, they were robbed of $72M. In the days leading up to the theft, their platform experienced a rare transaction stoppage, and I was vigilant and then transferred all the funds to hide from a robbery. In April 2017, Bitfinex returned all the stolen funds to investors, earning back everyone's respect and trust, after which I subsequently returned most of the funds to their platform.

  • 2、Bitstamp: https://www.bitstamp.net/

    Pros:

    1. Originated in 2011, the historic, second largest dollar exchange, after Bitfinex
    2. Provides USD and EUR trading, including BTC, LTC, ETH, XRP
    3. You can use credit cards (the fees are high, I haven't tried it myself)
    4. Professional courtesy in customer service The disadvantages:
    5. High fees: transaction fees up to 0.25%, bank transfer inquiries also require USD 35
    6. English version only
    7. Can't work

    Experience: Bitstamp I also used for a long time, it is my Bitfinex replacement. I basically used it during the Bitfinex theft period. Overall, it felt safe, stable, professional. The corresponding speed of customer service is not the fastest in the industry, but it solves the problem in time.

• Bitcoin futures exchanges:

  • 1、 Bitmex: https://www.bitmex.com/

    Pros:

    1. Easy to use, with a maximum leverage of 100 times (in extreme cases, use 5 times, the lever is a double-edged sword, please use caution)
    2. The lowest free fee is 0.075%, which is an important consideration for short trades.
    3. There is a Chinese version, one of the stores.
    4. The transaction page can be scaled to suit individual needs The disadvantages:
    5. Bitcoin only, no cash support
    6. The liquidity is not too high, after all, futures are not the mainstream market, and large amounts of money can easily cause slippage.
    7. In addition to the daily cash withdrawal, the manual verification and the relatively high cash withdrawal fees are also available.

    Bitmex founder previously worked in the derivatives division of Deutsche Bank in Hong Kong, was laid off during the financial crisis, and then founded Bitmex. Because of his personal professional background, Bitmex specializes in futures trading.

  • 2、BitStar

    …

• This is the first time that the Chinese government has issued a ban on the exchange of coins.

  • 1、Bittrex: https://bittrex.com/

    Pros:

    1. The P network is the only one in history to have a large volume of transactions, which has recently started to reverse itself.
    2. The currency is complete and basically meets the investment needs of the cottage.
    3. Access to coins is fast, with a larger withdrawal date Disadvantages:
    4. The transaction fee is 0.25% and relatively expensive.
    5. Customer service is slower, but overall better than Pnet
    6. English version only

    Firsthand experience: B network is my main place to play chess. The exchange is stable and has not had any negative news for a while. This year's wave of chess has exposed the majority of chess exchanges to insufficient staffing, and B network is no exception. But from their emails, you can still feel the sincerity of their efforts to improve.

  • 2、Poloniex: https://poloniex.com/

    Pros:

    1. The king of the castle, the biggest deal
    2. The wind direction of the shanty, the spring of the shanty often starts from the P grid
    3. ICOs can go on the P network, which is half the success, and the P network virtually makes a wave of coins.
    4. The overall transaction fees are lower than the B network. Disadvantages:
    5. The store is a big fraud, the customer experience is bad, the industry has spat on me (my personal experience is good, maybe I'm better off)
    6. While the mainstream shadow currency is basically there, the B network is not as complete.
    7. English version only
    8. In the meantime, I'm going to try to get some money back.

    Personal experience: In terms of trading volume, Poloniex is old, and this year's shanty wave was launched from Poloniex. But in recent months, it has a bit of a B-pack, customer service is slow to respond, not to mention slow, but also has the freedom to modify the terms of the Zune, a look you love not to play, making countless experienced players vomit. But customer feedback says that my personal experience with Pnet is good.

• The exchange is done, and simply open the account:

  The requirements for account information vary from exchange to exchange, but the purpose is to combat money laundering and prove the source of your funds.

  1. Personal passport
  2. Proof of address (in the last 3 months): bills for electricity, gasoline, bank bills, etc. 3. A photo of the passport in hand (confirming that you are the person and not someone else's document)
  3. Proof of assets or transaction records (confirming the true source of the money)

  Each exchange has a corresponding tip during the process of opening an account, you just have to follow the steps to apply. If you have any specific questions during the process, you can contact me, I will try my best to answer them based on my experience, but please try to avoid asking general questions, such as: how to open an account, what is the process.

  Finally, let me give you a heads up, although most of the exchanges are in English, but in fact buying and selling also only need to know buy and sell, so do not be scared by the language, if you do not understand, translate it with a dictionary. Learn more English, it will also help you to master first-hand information about the coin circle.

• The links to the exchanges have been rearranged:

  Bitfinex: https://www.bitfinex.com/ Bitstamp: https://www.bitstamp.net/ Bitmex: https://www.bitmex.com/ Bittrex: https://bittrex.com/ Poloniex: https://poloniex.com/

• Domestic and overseas platforms

  Currency trading You can read more here:https://www.bcex.caOKCoin overseas edition:https://www.okcoin.comIn addition to the above, there is also a lot of information about the project.https://www.huobi.proThis is the first time that the Chinese government has issued a ban on the use of marijuana.https://www.coinegg.comThe Bitcoin exchange network overseas edition:https://www.btctrade.imThis is the first time that the internet has been banned in the United States.https://www.aex.comThis is the first time I've seen this video.https://www.kex.com

• Navigation site

  coinmarketcap.com

This article was originally published on the website of the Ministry of Foreign Affairs of the Russian Federation.