Topic: A tip for choosing the exchange. - page 5. (Read 871 times)

This is good comparison about fees of exvhanges site. We looking different for exchanges site and for sure we have favorite exchanges site and this tips maybe is useful to other people like newbie who starting trading.

Cheaper transaction fees.
They should really try to implement this to every exchange out there.
People already knew how risky it is to leave your funds in an exchange so why not give them the benefit of going in and out without hurting much from the fees.
There is still profit there, specially you are helping miners with it.
But with huge fees? They are forced to stay and when sh1t happens they cannot even get out that easily.

Pick the exchange where the trading fee will be based on the percentage which can be helpful for the people who are trading with low capital and also choose the exchange where the withdrawal fee is less fee because there are many exchanges like Hitbtc have flat withdrawal fees for each coins.

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.

For investors (long term traders) trading fees are unnoticable. They are noticable for daytraders/ short term traders. But for them there are thing that are dozen times more important (like liquidity, spread, trust, interface, sharpness (time from creating order to beeing it anable to fulfill by other trader - simply if i create order and its on market 10 s after, then i cancell it and i have money 20 seconds after - its not for daytrader)

So this tool is useless. Trading fees are not the only factor in choosing exchange.

I have 1 feature of good trading platform. Its name has to be Binance. That the best option for regular trading. Its sharp, without fake trades, has great interface, its secured the most. Binance help even users with hacked API kays. It also has highest volume (lowest spread) and very low trading fees. I've used at liest 10 exchanges (just to utilize shitcoins that i had for free). Noone was even close to binance. And none of new trading platforms will ever get close to binance because every new one will have volume close to 0 (huge spread). To convince me to switch from binance it must mature, get good reputation, survive few hackers attack without loosing coins and get massive volume. I dont think that it is possible in less than year.

I guess due to this mess we have the exchanges with lot of new added features where they are offering their own coins for us to use as fees. If you use them for paying the trading fees or withdrawal fees then you literally get flat 50% off on your fees. Thus it makes the life simpler that way.

I guess there are many more exchangers like this, for example recently I have seen lunch of new exchanger called as TowerX Exchanger which is giving you huge benefits of holding their coins as well as paying the fees with it. You get flat 50% off on all your fees. I guess its pretty good isn't it.

Good exchange is exchange that operated more than 2 or 3 years and they has good reputation, never get any hack and comply with the regulation in the country their located. I used Bittrex and Poloniex more than 2 years and i have balance in that exchange also since 2 years and untill now that my balance is safe. So this both exchanges is one of the best exchanges.

yes, every Cryptocurrency exchange sets its own costs, and you are right there are some vulnerable and cracked cryptocurrency exchanges, for example cryptocurrency exchanges in Japan that have recently been hacked,

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.