if you plan to trade, choose volume exchanges. if you want to buy a rare coin, then you have to risk to buy it on unknown exchanges
Topic: A tip for choosing the exchange. - page 2. (Read 843 times)
Exchanges establish their own fees. The fees are different not only between exchanges but sometimes between different trading pairs on the same exchange. Use a free service like Switchain to compare rates between a few different exchanges for each individual transaction.
There are custodial and non-custodial exchanges. Put simply, the first ones hold onto your assets that you leave with them which is what makes it vulnerable. Once it's hacked there's nothing you can do but watch. Non-custodial ones only hold your assets for the time necessary to complete the exchange.
Hope this helped.
There are custodial and non-custodial exchanges. Put simply, the first ones hold onto your assets that you leave with them which is what makes it vulnerable. Once it's hacked there's nothing you can do but watch. Non-custodial ones only hold your assets for the time necessary to complete the exchange.
Hope this helped.
Fees, delay, uncompleted coins list make users will leave exchange but this is not problem. Many exchange already came with powerful tools and friendly support to solve many users problems, but we must understand there's something ( rules/ condition ) they can't break. Take any exchange you want but they must have good track record and responsibility to finish and protect our transactions.
Yes, each exchange service allows different commissions to be traded, but I think this is not the only element that should be considered during the election. Services currently taking the highest fee today usually serve with rates of 0.8% and this rate is not too much. On the other hand, it is necessary to take into account a variety of factors such as user density, transaction volume, technical support service and payment speed of services, which allow transactions with low transaction commissions only. Also, the coin pairs offered to us are of great importance at this point. For this reason, I believe that this preference should be made by taking into account the things such as transaction volume, support and payment convenience, depending on the coins we will trade.
Exchanges establish their own fees. The fees are different not only between exchanges but sometimes between different trading pairs on the same exchange. Use a free service like Switchain to compare rates between a few different exchanges for each individual transaction.
There are custodial and non-custodial exchanges. Put simply, the first ones hold onto your assets that you leave with them which is what makes it vulnerable. Once it's hacked there's nothing you can do but watch. Non-custodial ones only hold your assets for the time necessary to complete the exchange.
Hope this helped.
There are custodial and non-custodial exchanges. Put simply, the first ones hold onto your assets that you leave with them which is what makes it vulnerable. Once it's hacked there's nothing you can do but watch. Non-custodial ones only hold your assets for the time necessary to complete the exchange.
Hope this helped.
Fees, delay, uncompleted coins list make users will leave exchange but this is not problem. Many exchange already came with powerful tools and friendly support to solve many users problems, but we must understand there's something ( rules/ condition ) they can't break. Take any exchange you want but they must have good track record and responsibility to finish and protect our transactions.
Exchanges establish their own fees. The fees are different not only between exchanges but sometimes between different trading pairs on the same exchange. Use a free service like Switchain to compare rates between a few different exchanges for each individual transaction.
There are custodial and non-custodial exchanges. Put simply, the first ones hold onto your assets that you leave with them which is what makes it vulnerable. Once it's hacked there's nothing you can do but watch. Non-custodial ones only hold your assets for the time necessary to complete the exchange.
Hope this helped.
There are custodial and non-custodial exchanges. Put simply, the first ones hold onto your assets that you leave with them which is what makes it vulnerable. Once it's hacked there's nothing you can do but watch. Non-custodial ones only hold your assets for the time necessary to complete the exchange.
Hope this helped.
Service is good, I often use it myself.
I recommend everyone (not advertising)
Go to coinmarketcap and pick some good exchanges there to manage your funds and good trading for 24hours to avoid lossing big money.
Thanks for the tips. IMO, reputation of exchanges and trading volumes are important apart from trading fees. It is good to weigh these factors when choosing an exchange.
I concur. For me, trading fees is the least factor when choosing a good exchange. I would rather choose one with a higher fee with a way better security.
Me too. By the way, what exchange are you using? I use CEX, https://cex.io/ which is practical and convenient. Their security is very solid and covers some drawbacks.
Thanks for the tips. IMO, reputation of exchanges and trading volumes are important apart from trading fees. It is good to weigh these factors when choosing an exchange.
I concur. For me, trading fees is the least factor when choosing a good exchange. I would rather choose one with a higher fee with a way better security.
With respect to using a very reputable exchange based on usage by a lot of people and the development of the team on the exchange, I would say it is always better to flow with the ride and for now, when it comes to fees, security and reputation; binance is actually taking the lead.
I guess fees are not only the concern the crypto currency exchanges what should be more concerning is security and safety of the funds that we are trading over them. Now at any point we will always be holding more than 1000 USD over the exchanger with different coins and tokens. Thus it must be a secure exchanger and we better not be victim of hacks and leaks that keeps happening these days.
For me it doesnt matter if the fees are 0.1% or 0.05% by using their tokens because thats just tiny fraction of the what we are trading and thus it should not be very concerning for us at all. Thats just my thought regarding the crypto currency exchangers.
You prioritize security rather than fee issues. I guess that's also a rational reason. As long as we feel comfortable, I don't think there will be a problem. Long term traders do not feel the impact of the fee though. I may have the same thoughts, because I also do not trade too often. And I usually choose to use an exchange that has stood for several years and has proven its credibility as a good exchange. I'm worried about some things because of the emergence of too many new exchanges. For me it doesnt matter if the fees are 0.1% or 0.05% by using their tokens because thats just tiny fraction of the what we are trading and thus it should not be very concerning for us at all. Thats just my thought regarding the crypto currency exchangers.
Exchanges establish their own fees. The fees are different not only between exchanges but sometimes between different trading pairs on the same exchange. Use a free service like Switchain to compare rates between a few different exchanges for each individual transaction.
There are custodial and non-custodial exchanges. Put simply, the first ones hold onto your assets that you leave with them which is what makes it vulnerable. Once it's hacked there's nothing you can do but watch. Non-custodial ones only hold your assets for the time necessary to complete the exchange.
Hope this helped.
There are custodial and non-custodial exchanges. Put simply, the first ones hold onto your assets that you leave with them which is what makes it vulnerable. Once it's hacked there's nothing you can do but watch. Non-custodial ones only hold your assets for the time necessary to complete the exchange.
Hope this helped.
I think it can help new traders differentiate exchanges. Maybe it also helped traders define the difference on custodial and non-custodial exchanges.
If you have any doubts about your safety, i don't think the first 50 exchanges are going to steal your money. You have to pay attention to fee, so some exchanges sue more fee. Also, never store your money in exchange because of the danger of hacking.
At present, the exchange is a very important thing because many fake exchanges have been found out. If you want to get an idea about the exchange, At first you need to check out telegram group if the telegram group does not have their telegram group. Initially, you can understand that there are problems in them. So first of all I think that a good exchanges is going to find out telegram and see their communications, so you can understand which one is good exchanges.
I just choose the exchanges based on what coin I am going to trade because not all the exchanges have same prixes so we need to choose the exchange which is offering the highest prices for our coin and also don't just choose the exchange because of high prices also see tbe 24 hour volume of your coin there.
Looked at the website and tried it.
It's just a converter of crypto to crypto.
Into what exchange are they basing that conversion? Binance?
A good effort, but I thought I am going to see a list of exchanges and sorted out from the largest price to the lowest. Well, nevermind though. I didn't really think someone could make an effort to go beyond that.
It's just a converter of crypto to crypto.
Into what exchange are they basing that conversion? Binance?
A good effort, but I thought I am going to see a list of exchanges and sorted out from the largest price to the lowest. Well, nevermind though. I didn't really think someone could make an effort to go beyond that.
Exchanges establish their own fees. The fees are different not only between exchanges but sometimes between different trading pairs on the same exchange. Use a free service like Switchain to compare rates between a few different exchanges for each individual transaction.
There are custodial and non-custodial exchanges. Put simply, the first ones hold onto your assets that you leave with them which is what makes it vulnerable. Once it's hacked there's nothing you can do but watch. Non-custodial ones only hold your assets for the time necessary to complete the exchange.
Hope this helped.
The most important thing is the exchange rate.Another thing that I look in an exchange is the diversity of coin it posses and number of countries it is used because this gives me confidence to invest my money through that exchange. There are custodial and non-custodial exchanges. Put simply, the first ones hold onto your assets that you leave with them which is what makes it vulnerable. Once it's hacked there's nothing you can do but watch. Non-custodial ones only hold your assets for the time necessary to complete the exchange.
Hope this helped.
Go to Coinmarketcap and find some good exchanges from top 10 exchange you will find a good 24hours of volume.
Nah, the bottom line here is don't leave any amount in exchange sites that in the first place you can't afford to lose.
Having high fees is all usual nowadays and so far biggest fee that I encountered was 0.001btc in hitbtc and hotbit.
I think what should we look at is the credibility of exchange sites and likely its trading volume.
The fees is slightly increase for the way that it could fasten the transactions and avoid from long delays due to heavy traffic in the blockchain. We certainly do complaints with that fees but still it won't be change. Anyways, it could be better to pay for such amount rather than of having a long delays on withdraws and deposits transactions.Having high fees is all usual nowadays and so far biggest fee that I encountered was 0.001btc in hitbtc and hotbit.
I think what should we look at is the credibility of exchange sites and likely its trading volume.
Yes it would always be the best trading service to have a faster transactions, but definitely we will have to pay for it rather that waiting for delays. Choose what's the best options to have in trading rather that sacrificing for slower transaction fees. If we lose more times, the money also will be gone because every second is always another opportunity for us.
Choosing good exchange are follow for my own strategy
1. The legality of the exchange
2. Security system of the exchange is very important to avoid hack the acount
3. With pair transaction fees
1. The legality of the exchange
2. Security system of the exchange is very important to avoid hack the acount
3. With pair transaction fees
Nah, the bottom line here is don't leave any amount in exchange sites that in the first place you can't afford to lose.
Having high fees is all usual nowadays and so far biggest fee that I encountered was 0.001btc in hitbtc and hotbit.
I think what should we look at is the credibility of exchange sites and likely its trading volume.
The fees is slightly increase for the way that it could fasten the transactions and avoid from long delays due to heavy traffic in the blockchain. We certainly do complaints with that fees but still it won't be change. Anyways, it could be better to pay for such amount rather than of having a long delays on withdraws and deposits transactions.Having high fees is all usual nowadays and so far biggest fee that I encountered was 0.001btc in hitbtc and hotbit.
I think what should we look at is the credibility of exchange sites and likely its trading volume.
Nah, the bottom line here is don't leave any amount in exchange sites that in the first place you can't afford to lose.
Having high fees is all usual nowadays and so far biggest fee that I encountered was 0.001btc in hitbtc and hotbit.
I think what should we look at is the credibility of exchange sites and likely its trading volume.
The fees is slightly increase for the way that it could fasten the transactions and avoid from long delays due to heavy traffic in the blockchain. We certainly do complaints with that fees but still it won't be change. Anyways, it could be better to pay for such amount rather than of having a long delays on withdraws and deposits transactions. Having high fees is all usual nowadays and so far biggest fee that I encountered was 0.001btc in hitbtc and hotbit.
I think what should we look at is the credibility of exchange sites and likely its trading volume.
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