Topic: Best exchanges for trading - page 4. (Read 647 times)

This is good information, i also used Binance exchange for my day trading, and also i used other exchange kucoin and gate.io. I feel make more comfortable to use different exchange because reason of security in centralization exchange. And for swing trading i prefer doing it in gate.io because there are alot of coins that paired with USDT so will be more easy to trade it than pair BTC/ETH with other altcoin.

Here are some of mine on a similar topic:

TLDR: I personally think Binance is the best exchange...but it doesn't come with out its flaws..I like alot of different exchanges for different reasons..

Some of the things to measure exchanges on would be

1) Fees - Kind of obvious, you want to not get taken for a ride here.
2) Liquidity - Liquidity is important for especially larger coins because it keeps the price healthy and moving.. stagnant volume can lead to pump and dumps often found on cryptopia (volume sucks, and the coins don't have alot if interest)
3) Layout -  This one I actually don't really like any of them.. bitfinex is the closest.. but almost any of the major exchanges you will have to either use coinigy API for a fee or tradingview to make the charts usuable.. there is a google extension that can be added to bittrex to import tradingview charts.. it looks weird but atleast improves the interface from about a 2 to a 4/10... Binance suffers here too, the interface is non-customizable, the sizing the charts is shotty without a log/auto button.. and it bad color scheme for color blind users.. I personally have to use tradingview's charts in tandem with Binance for it to be usable.
4) Coins that you want are actually there (This is where Binance shines and have stolen Bittrex' thunder.. Bittrex is so hard to get coins added onto that a lot of newer interest and money has loaded up on Binance instead).. You may love Kucoin or HitBTC to death.. but if they don't have 4 or 5 of your top 10 fav coins its going to be hard to use it.
5) Category of the future - decentralized.. this I think will be a huge priority coming up that could become even the top ranked thing in an exchange, but will have to solve the liquidity issue any decentralized exchange does at first (I personally think Loopring can do this for ERC20 tokens, but will need something other than wallet protocols to work for BTC pairs.
6) Ease of use.. is the site confusing.. is it easy to use the wallets/signup... Does it take some level or rocket science to figure out the interface..
Heres my ratings for some major exchanges based off of my most important 6 things to look for for each major exchange... just my opinion.. anyone is free to disagree

GDAX Fees - 10 Liquidity - 10 Layout - 2 Coin Diversity 4 Decentralized 0 Ease of Use - 8
Binance Fees - 9 Liquidity - 10 Layout - 4 Coin Diveristy - 9 Decentralized - 0 Ease of Use - 9
Bittrex Fees - 5 Liquidity - 9 Layout (With Tradingview addon) - 5 Decentralized - 0 Ease of Use - 7
Cryptopia Fees - 4 Liquidity - 3 Layout - 4 Diversity - 6 Decentralized - 0 Ease of Use - 6
Bitfinex Fees - 5 Liquidity - 10 Layout - 6 Diversity -6 Decentralized - 0 Ease of Use 5 (some features are easy, but with added things like margin trading, there will be a learning curve)
Bitmex Fees - 5 Liquidity - 10 Layout 5 Diversity - 4 Decentralized - 0 Ease of User - 5 (same reason as bitfinex. exchange basic functions are straight forward, margin can add some learning curve)
Kucoin Fees 8 Liquidity - 4 Layout - 4 Diversity - 5 Decentralized - 0  Ease of Use 5
Etherdelta  Fees - 8 Liquidity - 1 Layout - 2 Diversity - 9 Decentralized - 10 Ease of use - 1

Hope this helps.

As a wrap up I think all of these exchanges have something to offer.. and you'll probably have to use all of them at some point or another.. I tend to use Binance the most because it ticks the most boxes for things I favor in an exchange.. GDAX for BTC/USD pairs .. I don't trade on margin because I think its risk/reward is too great but if thats something you'd want to dabble in I'd probably recommend Bitfinex over Bitmex.. all of the charting sucks though so just get used to using tradingview instead.

My favourites are:

Bittrex
Binance
Coinexchange
Yobit


Those are all I use at the moment. Looking at adding KuCoin to the list

Huobi was the first exchange i heard in your writing. I just wanna say yobit is one of the best exchange but i can't wait more to wait. Each time i open yobit, i need extra time, i dont know it just happens to me, or at everyone else too.

I always liked to trade on Binance because this exchange has helped me earn huge profits and the transaction costs on this exchange are very cheap. Especially they always list Token from good quality ICO projects and this makes Binance always a good choice for investors. I think Binance always has a strong marketing strategy and many great prizes

Today there are more than 300 exchange platforms. But I like these most. If you have something to add, write. What exchange platforms do you like?

1.Binance.com. The fastest growing trading platform today. In January of 2018  it had a record number of registrations on the stock exchange up to 250,000 within 1 hour. The exchange platform  has its own currency (BNB), which will grow very well this year.
2.Bittrex.com- It's a classic for me. Reliable, safe, lots of currency pairs. Convenient interface.There are difficulties with registration.
3.Poloniex.com - One of the largest exchange platforms. Convenient to use.
4.Bitfinex.com - Hong Kong cryptocurrency exchange is among the top five. High security. A large number of orders.
5.Hitbtc.com - British cryptocurrency exchange platform. Advanced interface.Fast and easy navigation.
6.Kucoin - A young and promising exchange. It has its own internal currency. The creators of the exchange want to surpass the success of the Binance exchange platform.
7.Coinbase - It is not only a convenient platform for the exchange, but also a wallet to store your currency.The Creator of the cryptocurrency Litecoin Charlie Lee (Charlie Lee) took an active part in the development of the site . He held the position of technical Director in the company.
8.Huobi - The Chinese  exchange platform  is one of the largest in the world. Reliable service for cryptocurrency trading.
9.Yobit.net - A huge range of cryptocurrencies to trade
10. Etherdelta - For token sale

Commission for the transaction

Binance  - 0,1%. As well as a 50% discount when buying BNB (Binance own coin).
Kucoin - 0.1% of the deal amount and 0.05% for those Users who hold Kucoin (own coin)  in their account
Hitbtc - 0,1%.
Bitfinex – 0,1-0,2%
Yobit - 0,2%
Huobi – 0,2%
Poloniex – 0,1-0,25%
Bittrex - 0,25%
Coinbase-0,25%.
Etherdelta – 0,3%

Daily trading volume

Binance - 226 367 BTC
Bitfinex - 164 173 BTC
Huobi - 95 664 BTC
Bittrex - 44 962 BTC
Hitbtc -  35 311 BTC
Poloniex - 26 442 BTC
Kucoin - 7 485 BTC
Yobit - 3 934 BTC


Number of currency pairs:

Coinbase – more 10
Bitfinex -  more 30
Poloniex – 100
Huobi – 192
Kucoin – 266
Binance - 267
Bittrex - 268
Hitbtc - 452
Yobit -more 1000
Etherdelta – moree 800 tokens

Year of  foundation

https://www.bitfinex.com – 2012
https://www.coinbase.com – 2012
https://www.huobi.pro – 2013
https://poloniex.com – 2014
https://bittrex.com – 2014
https://yobit.net - 2014
https://hitbtc.com - 2015
https://www.binance.com - 2017
https://www.kucoin.com – 2017
https://etherdelta.com  - 2017