Metamask or Kraken or Binance - what's best?

[tacokai]

I have to decide between the three platforms, Metamask, Kraken and Binance !

It's personal trading of crypto as an investment. Not high amounts and on beginner level.

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[BeyondBorders]

You should first do your homework. Metamask is a Wallet, which allows transactions on the Blockchain. Binance and Kraken are centralised exchanges and fiat bridges. It could make sense to use all three services. Hard to give further advice based on info in your post.

 

[tacokai]

Oh okay, yeah homework I should have made!

I'm using Exodus and Ledger for wallet, they work secure and good for me, no need for a extra wallet I think, Or is there something that set Metamask apart from the other wallets?

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[JohnnyDoe]

Exodus and Ledger are good. MetaMask might be less safe if you don't know what you are doing. For accessing Web3 platforms it is a very good choice.

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[wellington]

I see someone used MM recently and spent 80k in transaction fees for a conversion ETH to something else.

1Inch.io is probably better. Note MM uses a US Based entity behind the scenes (owned by Joe Luebin) so your data is archived (machine, ip etc) and this ties the wallet and adjacent wallets to your identity whereby there's a cross over of a CEX or similar.

JohnnyDoe said:
Exodus and Ledger are good. MetaMask might be less safe if you don't know what you are doing. For accessing Web3 platforms it is a very good choice.
Click to expand...

Exodus is s**t, had some TRX newly created wallet drained.

RABBY and chose to utilise a alternative supplier for access to blockchain (ETH/ERC20)

 

[JohnnyDoe]

wellington said:
Exodus is s**t, had some TRX newly created wallet drained.
Click to expand...

Most probably you have some maleware on your device.

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[Houdini]

wellington said:
Exodus is s**t, had some TRX newly created wallet drained.
Click to expand...

Using it for years so I believe

JohnnyDoe said:
Most probably you have some maleware on your device.
Click to expand...

Is what is the reason.

 

[JackAlabama]

wellington said:
I see someone used MM recently and spent 80k in transaction fees for a conversion ETH to something else.

1Inch.io is probably better. Note MM uses a US Based entity behind the scenes (owned by Joe Luebin) so your data is archived (machine, ip etc) and this ties the wallet and adjacent wallets to your identity whereby there's a cross over of a CEX or similar.


Exodus is s**t, had some TRX newly created wallet drained.

RABBY and chose to utilise a alternative supplier for access to blockchain (ETH/ERC20)
Click to expand...

Thats interesting with exodus. Can you expand on this?
Using exodus for years and at times even had larger amounts (usdt on the shatchain trx) on it, nothing ever happened.

 

[Asmodeus]

Kraken for Fiat deposit and Withdrawal.
KuCoin for Investment in different coins.
There are more coins available than on Binance. If Binance hits you with SoF and SoW requests have fun dealing with these monkeys

 

[latindev]

I prefer to use my own wallet combined with Ledger... But btw, exchanges are like EMIs: You use them and immediately move your funds from there

 

[clemens]

Kraken and ledger is what I prefer to use.

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[Rotor]

Kraken was good but I don't find the latest news very encouraging:
https://cointelegraph.com/news/kraken-share-data-42-000-users-irs
My opinion is that Crypto and the US are now a toxic mix so I would avoid dealing with crypto in US based companies.

 

[bonox]

Binance is one of the best exchanges around. Using them the most of the time.

 

[wellington]

I'mRobot said:
Is what is the reason.
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Certainly not, if so it would have drained all the wallets.

clemens said:
Kraken and ledger is what I prefer to use.
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Ledger is a honey pot like Metamask.

JackAlabama said:
Thats interesting with exodus. Can you expand on this?
Using exodus for years and at times even had larger amounts (usdt on the shatchain trx) on it, nothing ever happened.
Click to expand...

Yes, had quite a considerable amount of wallets, with funds in, opened a TRX wallet (fresh) deposited funds, logged in the next day they were gone.

One TRX wallet...

 

[cryptobird]

KuCoin 🙂

 

[erni]

Kraken has worked for me for years.

 

[JackAlabama]

wellington said:
Certainly not, if so it would have drained all the wallets.


Ledger is a honey pot like Metamask.


Yes, had quite a considerable amount of wallets, with funds in, opened a TRX wallet (fresh) deposited funds, logged in the next day they were gone.

One TRX wallet...
Click to expand...

thats quite worrying. did you run it on windows?

 

[bizman]

wellington said:
Ledger is a honey pot like Metamask.
Click to expand...

Why do you say so ?

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[drysky]

What about Bybit since Binance shut down in most countries.

 

[Rotor]

bizman said:
Why do you say so ?
Click to expand...

if you use Ledger Live for example, they will know your IP address, all your balances, all your crypto addresses, all your transactions among other things. They claim they don't keep logs on it which I find dubious given the value of such informations.
Same thing for Metamask and many others.