Why Use Centralized Exchanges for Crypto if Decentralized Options Are Safer?

[Houdini]

For larger amounts OTC remains the best option

and what website would you suggest here?

What if I just want to exchange from BTC -> DAI often or from LTC -> DAI often and back again ?

Maybe on a daily basis?

 

[JohnnyDoe]

and what website would you suggest here?

I’m mainly using FRNT now, works good for me.

What if I just want to exchange from BTC -> DAI often or from LTC -> DAI often and back again ?

Maybe on a daily basis?

No idea about dai, haven’t touched it for a long time. Certainly not the best option for frequent trades.

 

[Houdini]

FRNT now, works good for me.

you mean FRNT Financial Inc ?
https://www.frnt.io/

 

[JohnnyDoe]

you mean FRNT Financial Inc ?
https://www.frnt.io/

Yes. I can give you a direct contact in private.

 

[EliasIT]

What is the minimum amount you need to trade with them to become a customer?

Googling and researching a little:
FRNT primarily refers to FRNT Financial Inc., a Canadian-based financial services firm specializing in capital markets and advisory services for institutional investors in the cryptocurrency space.

It's not for personal trading.

 

[JohnnyDoe]

What is the minimum amount you need to trade with them to become a customer?

$250k US

Googling and researching a little:
FRNT primarily refers to FRNT Financial Inc., a Canadian-based financial services firm specializing in capital markets and advisory services for institutional investors in the cryptocurrency space.

It's not for personal trading.

You can use a simple single member llc, I don’t know about personal accounts.

 

[wellington]

I can see there’s really no way around using services like Kraken and Binance if you want to invest larger amounts (100K+) in crypto and have access to features like “stop loss” and automated sell functions. Meanwhile, these decentralized providers can’t handle such large amounts.

It’s frustrating when we’re trying to promote crypto as the champion of a free world economy, only to end up tied down by heavy documentation and other formalities on these highly regulated exchanges.

100k is chump change on exchange or on chain - sorry but that’s the reality

As for stop loss etc there’s protocols out there with exchanges on chain that have these facilities

 

[bountymounty]

As for stop loss etc there’s protocols out there with exchanges on chain that have these facilities

any examples?

 

[pipona]

Are you able to share what kind of fees FRNT charges for a $1m trade?

 

[JohnnyDoe]

Are you able to share what kind of fees FRNT charges for a $1m trade?

No fees are charged, you get good prices especially for large amounts up to $10m and you can bargain if you enjoy doing that.

 

[JackAlabama]

I can see there’s really no way around using services like Kraken and Binance if you want to invest larger amounts (100K+) in crypto and have access to features like “stop loss” and automated sell functions. Meanwhile, these decentralized providers can’t handle such large amounts.

It’s frustrating when we’re trying to promote crypto as the champion of a free world economy, only to end up tied down by heavy documentation and other formalities on these highly regulated exchanges.

the key to "free world economy" is in p2p and you should not use crypto as some form of modern bank.

 

[unchained]

ive seen 55BTC (5mill) trades on Thorchain (the backend of most BTC-ETH DEXes) in a single swap...

DEXes are getting much better. Thorchain is also working on limit orders... Pretty soon u will be able to set limit orders to buy and sell.

Ledger actually just integrated with thorchain for swaps on the backed as well.

Thorchain is a game changer

 

[cyprusbanker]

You won't get around exchanges with KYC like kraken and binance if you want to be able to quickly exchange your coins at low fees within seconds.

 

[unchained]

the only real use for kraken at this point is limit orders or leverage trading or cashing out to a bank

2of3 of those are in the process of being decentralized. And u can cash out p2p via localcoinswap or binance p2p

 

[DerAufklaerer]

another option

KYC free crypto exchanges

BTSE

fee 0,2 maker/taker