How trustworthy are coinbase and kraken?
How trustworthy are coinbase and kraken?
Hi guys,
I am looking for a trustworthy trading platform with a European SEPA withdrawal service. Doing the KYC is no problem at all. Kraken and coinbase seem to be the two biggest player.
The only thing I am worried about is, that people in reviews and ratings on the internet are complaining about deposits and withdrawals above $10k (fiat & crypto). In particular, they are complaining that their accounts got frozen for further review, although they did full KYC.
What is your experience? Can you recommend coinbase and/or kraken for cashing out bigger amounts? Or any other exchange?
Thanks in advance for your opinions.
I have personally not used kraken and my definition of big amounts may be different from yours. If however, you have no problem with kYC and possibly revealing more information and your funds have not passed through a mixer, you can use one of the top “reputable” exchanges.
You could also try a P2P platform with higher liquidity.