Best Exchange for day trade? - page 3.

kkofor

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Quote from: iv4n on July 17, 2020, 12:01:39 AM

Quote from: xandriel on July 16, 2020, 09:14:45 PM

In terms of security, I'm not sure because Binance has been hacked in the past and lost more than 7,000 BTC. It was a time when I used to be very nervous because I was afraid to lose all my assets when participating in this exchange but things changed when this exchange used its own funds to pay investors and it made me feel very reassured. Anyway, I don't want to look for other exchanges because Binance is the number one with me this time around.

One of the exchanges that are not hacked until now is kucoin. I like kucoin more than other exchanges, I am with them almost from the start. I am at other exchanges too, you can't miss some good promotions on other exchanges, not all of them have all coins listed, depending on the pair you are looking for you will search for exchange that offers that. I think we can say that binance is on top, like some other exchanges. Number one exchange is not the right term to use here, there are a few good exchanges on top.

I have been using Kucoin for over a year now and this exchange is also very convenient when you use it because in general Kucoin is a place with lots of potential projects for you and the security of this exchange is very high. However, the biggest weakness of Kucoin is the liquidity because the liquidity here is still low and this is the main reason that Kucoin is losing a lot of customers recently.

iv4n

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Quote from: xandriel on July 16, 2020, 09:14:45 PM

In terms of security, I'm not sure because Binance has been hacked in the past and lost more than 7,000 BTC. It was a time when I used to be very nervous because I was afraid to lose all my assets when participating in this exchange but things changed when this exchange used its own funds to pay investors and it made me feel very reassured. Anyway, I don't want to look for other exchanges because Binance is the number one with me this time around.

One of the exchanges that are not hacked until now is kucoin. I like kucoin more than other exchanges, I am with them almost from the start. I am at other exchanges too, you can't miss some good promotions on other exchanges, not all of them have all coins listed, depending on the pair you are looking for you will search for exchange that offers that. I think we can say that binance is on top, like some other exchanges. Number one exchange is not the right term to use here, there are a few good exchanges on top.

xandriel

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Quote from: bitbunnny on July 16, 2020, 08:18:58 AM

Quote from: xandriel on July 16, 2020, 06:54:18 AM

Quote from: ?? on ??

Livecoin is a small exchange and of course they will have to charge more than other exchanges. I always choose and trust the big exchange. There are many advantages of fee transactions and in addition there are many opportunities to buy and sell good tokens. For example, Binance or MXC, they only list good tokens or best altcoins so traders have more options when trading and we won't have to buy and hold shitcoin. In order to trade with lower cost, you should use Binance, very low transaction fee of 0.1%.

Binance is more than enough for me in this market because up to now I have not had any security issues here and withdrawals are usually very fast so there is no need to spend too much time waiting. I think any new investor will come to Binance first because this exchange has a lot of preferential policies for new investors and they will certainly feel satisfied when trading here.

Agree with recommendation for Binance. Security is number one for me and they put enough efforts to protect their services and traders. Also, good trading options and fast withdrawals that are important for day trading as well as constant improvements of service they offer. No need to look further

In terms of security, I'm not sure because Binance has been hacked in the past and lost more than 7,000 BTC. It was a time when I used to be very nervous because I was afraid to lose all my assets when participating in this exchange but things changed when this exchange used its own funds to pay investors and it made me feel very reassured. Anyway, I don't want to look for other exchanges because Binance is the number one with me this time around.

perfect999

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If you want day trade as in just buying and selling and you are not looking for anything special about it, I would say doing it on binance would be a smart decision however you have to realize that day trading is a small profit thing, if you try to make a ton of profit in day trading (as in over 100%) you will be faced with two things, one of them would be that you will not ever find it and you would be sad about it or it would be basically just losing a lot of money for risking it with highly dangerous investments.

On the other hand, if you focus on making just few points in profit and get out very quickly, there is 365 days in the year, when you make even 0.25% profit per day that would be a ton of money in the end of the year. But if you want risk, just go with bitmex, you can leverage it and risk it all and could either make a ton right away or lose it all.

Anny555

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Quote from: XCANA on July 16, 2020, 10:29:21 AM

Gemini is some what good for a cryptocurrency trading, but for all indications the binance will be the very best of the crypto exchange. Binance has the most reputable exchange both in trading volumes or in term of security. Since my entrance into the cryptocurrency industry, i hardly use any other cryptocurrency exchange than the binance. Although, don't keep your coins in any exchange even in binance.

I agree that binance stands out for its first-class protection, but from my own experience, I noted that technical support is not always competent and the speed of work on applications.

XCANA

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Gemini is some what good for a cryptocurrency trading, but for all indications the binance will be the very best of the crypto exchange. Binance has the most reputable exchange both in trading volumes or in term of security. Since my entrance into the cryptocurrency industry, i hardly use any other cryptocurrency exchange than the binance. Although, don't keep your coins in any exchange even in binance.

FanEagle

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Quote from: bitbunnny on July 16, 2020, 08:18:58 AM

Security is number one for me and they put enough efforts to protect their services and traders. Also, good trading options and fast withdrawals that are important for day trading as well as constant improvements of service they offer. No need to look further

Agreed for everything you have mentioned but you still need to look further so that you can improve your trading experience over the time. For example, some four or five years back, we were not thinking about having stable coin for trading purposes but we are making use of it for many convenient trading experience. I mean we must keep on looking for new innovation so that exchanges will improve themselves which eventually lead to better environment for everyone altogether.

I understand when we are choosing best exchange for day trading we can simply look into what are the things you have mentioned but after that also must to keep on looking for other better/convenient things which are available on other places so that we can suggest them to the exchanges where we are already trading; this is what I am trying to say here.

bitbunnny

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Quote from: xandriel on July 16, 2020, 06:54:18 AM

Quote from: ?? on ??

Livecoin is a small exchange and of course they will have to charge more than other exchanges. I always choose and trust the big exchange. There are many advantages of fee transactions and in addition there are many opportunities to buy and sell good tokens. For example, Binance or MXC, they only list good tokens or best altcoins so traders have more options when trading and we won't have to buy and hold shitcoin. In order to trade with lower cost, you should use Binance, very low transaction fee of 0.1%.

Binance is more than enough for me in this market because up to now I have not had any security issues here and withdrawals are usually very fast so there is no need to spend too much time waiting. I think any new investor will come to Binance first because this exchange has a lot of preferential policies for new investors and they will certainly feel satisfied when trading here.

Agree with recommendation for Binance. Security is number one for me and they put enough efforts to protect their services and traders. Also, good trading options and fast withdrawals that are important for day trading as well as constant improvements of service they offer. No need to look further

xandriel

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Quote from: ?? on ??

Livecoin is a small exchange and of course they will have to charge more than other exchanges. I always choose and trust the big exchange. There are many advantages of fee transactions and in addition there are many opportunities to buy and sell good tokens. For example, Binance or MXC, they only list good tokens or best altcoins so traders have more options when trading and we won't have to buy and hold shitcoin. In order to trade with lower cost, you should use Binance, very low transaction fee of 0.1%.

Binance is more than enough for me in this market because up to now I have not had any security issues here and withdrawals are usually very fast so there is no need to spend too much time waiting. I think any new investor will come to Binance first because this exchange has a lot of preferential policies for new investors and they will certainly feel satisfied when trading here.

Dorodha

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Quote from: LUCKMCFLY on July 15, 2020, 04:28:36 PM

Quote from: Zabivelli on July 04, 2017, 07:19:19 AM

~snip~

I don't have a LIVECOIN account, but I would like to know if for an order you can place the Stop and Take Profit in an operation? What if they also have or allow to do margin trade? Since that way is to trade completely and comfortably, according to my criteria.

I do not think that even if it is just a good exchange, trading can be conducted in a very good way, because many times when it comes to trading, one's skills and care are very important and as opposed to when one is looking for the best exchange On the other hand, someone is busy to improve his skills. Trading is not limited to buying and selling something but it also depends on how you are managing trading.

LUCKMCFLY

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Quote from: Zabivelli on July 04, 2017, 07:19:19 AM

~snip~

I don't have a LIVECOIN account, but I would like to know if for an order you can place the Stop and Take Profit in an operation? What if they also have or allow to do margin trade? Since that way is to trade completely and comfortably, according to my criteria.

ife2020

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I do not know much about day trading; but i have a feeling that it is something that should be done on the best exchange platforms around. So why not do day trading on binance, bittrex or perhaps huobi exchange platform. Another interesting factor to consider before day trading what trade pair you want to trade with.

UmerIdrees

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Quote from: ChiBitCTy on July 15, 2020, 09:51:48 AM

From what I've used it seems like Binance has the best trading platform. Binance kind of reminds me of TD Ameritrade, which I use for trading in the traditional markets. I also think trading with Gemini is pretty solid.

For day trading or any kind of trading the exchange does not matter much. Only thing which matter is that you must be experienced in trading and the coin on which you need to trade should be avaible in that exchange. You can succeed with your experience in day trading on nay exchange. The only thing is not to choose a very new or scam exchange.

CryptopreneurBrainboss

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Quote from: ChiBitCTy on July 15, 2020, 09:51:48 AM

From what I've used it seems like Binance has the best trading platform. Binance kind of reminds me of TD Ameritrade, which I use for trading in the traditional markets. I also think trading with Gemini is pretty solid.

Almost all exchanges currently in the industry can be used to trade daily without much inconveniences, some projects aren't listed on Binance so if you were to trade such projects, I'm certain you won't use Binance since it's impossible. As a trader you should care more about the security of the exchange you intend using, it's liquidity and users interface. If an exchange has all those to a satisfyingly ratio, then they're good to go.

While as binance is leading the space when altcoins exchanges are been debated,it still has it competitors that offers better or similar trading experience like the likes of Okex, Kucoin etc. Just choose the best that suit the particular project you intend trading and use them for that purpose and move to the next project (on a different exchange) worth trading if your research takes you there.

chip1994

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Quote from: Zabivelli on July 04, 2017, 07:19:19 AM

What's cracking Crypto friends Grin

So I was wondering:

- What's the best exchange to trade dailly?

- On what exchange do you guys trade and why?

- How to prevent the fee charges burning your profit when the difference is small between buying and selling?

Thanks. Grin

Big exchanges will be the best choice because they always offer the best service to attract many traders. I am using Binance and Huobi, both exchanges in China and they developed very successfully. Their transaction fee is now very low at only about 0.12% on a normal order, which is a fairly low fee for their service. In addition, there are always great altcoins on the 2 exchanges that can help you trade with great profits.

el kaka22

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I am expecting everyone to say binance, because lets be honest that is the best exchange both in volume and they have all the important pairs. Sure there are some other exchanges that add in a lot more pairs and all those small unimportant coins are there but that doesn't mean they are good, that just means they are actually doing something risky with putting in coins with no real volume and just fake "make it look like people want it" volume in there.

So, binance is definitely the best one not because it is so awesome or anything, but because all others suck as well. That is not to say binance is bad, obviously it is great and amazing but to be honest they are not doing something so unimaginable, they are just doing what exchanges should do properly and that is why people love them.

rexxarofmoknathal

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Quote

Sweet man! Nice link, I see Asian one charges 0.07 Shocked

that's really low man... not trustworthy?? That would be the best place of you want to trade constantly...Also with little difference between buy and sell..

0.2% is already quite low for well established exchanges and if you have a lower rate but coming from a less reputable platform you start to get skeptic right. So, better go with places where at least your money's safe. Binance for daily trading is what I use, I'd rather have peace of mind than go with a dodgy platform.

ChiBitCTy

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From what I've used it seems like Binance has the best trading platform. Binance kind of reminds me of TD Ameritrade, which I use for trading in the traditional markets. I also think trading with Gemini is pretty solid.

Salauddin1994

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I think Binance is the best exchange for day trading. Fees for trading in binary usually start at 0.1% of the trading size. Also, the broker offers its own native token called Binance BNB Token where traders get a 50% discount and the Binance BNB pair offers a growing range of priced crypto assets. Also, in cryptocurrency exchanges, the main trade is usually normal trading usually buying / selling or spot trading in the language of Binance. However, the exchanges also offer new facilities according to the different needs of the traders. The popularity of Binance is high due to low fees.

concept2

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I guess binance is suitable for you if you want an exchange offer a low fee. Buy or sell only costs 0.1% as fee. Therefore, it is quite easy for you to make a lot of trade in one day without being charged high prices. Moreover, if your capital become larger, they also offer a cheaper fee depending on an amount of volume you use.

I like Binance a lot. Although, its a quite new exchange but it has caught attentions from many traders and now, most of them use this exchange as their primary place to generate money. Their services also really good and fast

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