Topic: Choosing the right exchange (Read 563 times)
On the off chance that I were you mate attempt binance on the off chance that it's not limited to your country wherein to guarantee your capital is in a protected spot too, its an exceptionally gotten stage so most likely a decent decision than gate.io. I would propose you to find the genuine exchange with some other coin wherein the costs will change yet essentially purchasers and merchants ought to purchase and selling around the market cost.
Binance is a very popular exchanger. In addition to this there are two exchanges of Kucoin I have been using for a long time. In this exchange, I have been using Binance more. For a long time The reason I like Binance so much is because I do all the transactions at Binance.
Binance kyc must be done. Transactions cannot be done without kyc.
Binance kyc must be done. Transactions cannot be done without kyc.
Certainly, it is not about the exchange but the coin itself. The trading volume will be good if the project is also good and has actual use case in the market. As we noticed, most coins without reason to exist, are finding it hard to improve their liquidity in the market. Most of the time, the dev team itself is the one creating the liquidity if they can't attract traders. And you will see it right away because they can't sustain its market. Whether, kucoin or binance or other small crypto-exchange, it is better to choose a valuable coin rather than go for a small cap coin, which is about to lose its value in the market.
This is 100% true, you could have a coin that could be disturbed with a small amount on Binance, check the lowest traded one and I am sure it is not really traded all that much, whereas check the small or medium range places and you will see the top one (usually btc/usdt) will not be disturbed even in those small places.I have seen a place with around 4 million dollars trading volume total, and it had around 120 pairs, btc/usdt was around 3.2 million dollars there, so guess how the tiniest ones were, the smalls one had like 100-200 dollars volume. So, I have to say that it is not really that much of a problem of the exchange but problem of the pair.
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Some exchanges have orders filled with lower price but when you take a look at the volume of those orders it will be less than 1% or simply created by the exchange itself to give more trading volume to coin tacking sites so I always say go with the Kucoin which is reputable and you don't need to worry about your order stuck forever.
I think not an exchange but also some coin only have lower volume transaction, maybe except Binance all coin have higher volume transaction above $300,000. I see several coin on Kucoin exchange market have less volume transaction above $300 between sell and buy order, if try for arbitrage not enough good reason without volume transaction, maybe the problem with coin developer only and not an exchange of Kucoin market trouble.Some exchanges have orders filled with lower price but when you take a look at the volume of those orders it will be less than 1% or simply created by the exchange itself to give more trading volume to coin tacking sites so I always say go with the Kucoin which is reputable and you don't need to worry about your order stuck forever.
Certainly, it is not about the exchange but the coin itself. The trading volume will be good if the project is also good and has actual use case in the market. As we noticed, most coins without reason to exist, are finding it hard to improve their liquidity in the market. Most of the time, the dev team itself is the one creating the liquidity if they can't attract traders. And you will see it right away because they can't sustain its market. Whether, kucoin or binance or other small crypto-exchange, it is better to choose a valuable coin rather than go for a small cap coin, which is about to lose its value in the market.
Once you discover associate degree exchange that meets your basic necessities, check these different aspects as well:
Security:
Technology: — The exchange's net address ought to begin with HTTPS. ...
Legal aspects: ...
Transparency: ...
Liquidity: ...
Fees: ...
User experience: ...
Recommended cryptocurrency exchanges and brokers.
Security:
Technology: — The exchange's net address ought to begin with HTTPS. ...
Legal aspects: ...
Transparency: ...
Liquidity: ...
Fees: ...
User experience: ...
Recommended cryptocurrency exchanges and brokers.
Hi all,
I'm preparing my limit order for this altcoin and since the marketcap is only 170 million and my order might be big for this marketcap, I am afraid that my low bid order might not get filled if there is a wick down. So I'm deciding between 2 exchanges: Kucoin with 1.2 million USD volume (per 24 hour) and Gate.IO with 200k USD volume.
The goal is to have the highest chance for getting my low bid order filled, especially because my order will be big (I think). I thought that Kucoin might be better for this, since the volume is way higher. But I have observed both exchanges for 2 days now and often Gate.IO has a lower price and also seems to have more units on sale. Is that possible, despite Kucoin having a way higher volume? Or am I reading it wrong?
Please see this image of both the order books:
~
The white one is of Gate.IO and the black one of Kucoin. The total amount of coins is listed under ''cum'' on Gate.IO and ''Total'' on Kucoin. As you can see for the price of 12.287 for example there are only around 46 units to be sold on Kucoin and around 940 units on Gate.IO. Am I reading this correctly and thus at this time at least, Gate.IO is better for my goal of having the most chance of my low bid order to get filled?
Thanks in advance!
I can tell about Kucoin for sure, no matter how much daily volume you see, the moment you will be entering your order, the order book would automatically change, all these are just bot orders created by the exchange itself to make the order books look hefty, Your order if it's large will only get completed once you there is a huge volume from the other side. All these exchanges are pretty bad when it comes to liquidity, especially in alts, if your order is anywhere above $500, you won't be able to sell it at your desired price, or the price in the market or even the highest price in the order book, best you would get is 0.5-1% below the current price because you'll have to eat the whole order book. I'm preparing my limit order for this altcoin and since the marketcap is only 170 million and my order might be big for this marketcap, I am afraid that my low bid order might not get filled if there is a wick down. So I'm deciding between 2 exchanges: Kucoin with 1.2 million USD volume (per 24 hour) and Gate.IO with 200k USD volume.
The goal is to have the highest chance for getting my low bid order filled, especially because my order will be big (I think). I thought that Kucoin might be better for this, since the volume is way higher. But I have observed both exchanges for 2 days now and often Gate.IO has a lower price and also seems to have more units on sale. Is that possible, despite Kucoin having a way higher volume? Or am I reading it wrong?
Please see this image of both the order books:
~
The white one is of Gate.IO and the black one of Kucoin. The total amount of coins is listed under ''cum'' on Gate.IO and ''Total'' on Kucoin. As you can see for the price of 12.287 for example there are only around 46 units to be sold on Kucoin and around 940 units on Gate.IO. Am I reading this correctly and thus at this time at least, Gate.IO is better for my goal of having the most chance of my low bid order to get filled?
Thanks in advance!
THis is why you should really be fast on making out order execution and dont expect that if you do set out prices which is way too low or high then it couldnt really be that
be filled immediately no matter what exchange you would really be dealing with and you should be aware on this basic principle.
Hi all,
I'm preparing my limit order for this altcoin and since the marketcap is only 170 million and my order might be big for this marketcap, I am afraid that my low bid order might not get filled if there is a wick down. So I'm deciding between 2 exchanges: Kucoin with 1.2 million USD volume (per 24 hour) and Gate.IO with 200k USD volume.
The goal is to have the highest chance for getting my low bid order filled, especially because my order will be big (I think). I thought that Kucoin might be better for this, since the volume is way higher. But I have observed both exchanges for 2 days now and often Gate.IO has a lower price and also seems to have more units on sale. Is that possible, despite Kucoin having a way higher volume? Or am I reading it wrong?
Please see this image of both the order books:
The white one is of Gate.IO and the black one of Kucoin. The total amount of coins is listed under ''cum'' on Gate.IO and ''Total'' on Kucoin. As you can see for the price of 12.287 for example there are only around 46 units to be sold on Kucoin and around 940 units on Gate.IO. Am I reading this correctly and thus at this time at least, Gate.IO is better for my goal of having the most chance of my low bid order to get filled?
Thanks in advance!
I can tell about Kucoin for sure, no matter how much daily volume you see, the moment you will be entering your order, the order book would automatically change, all these are just bot orders created by the exchange itself to make the order books look hefty, Your order if it's large will only get completed once you there is a huge volume from the other side. All these exchanges are pretty bad when it comes to liquidity, especially in alts, if your order is anywhere above $500, you won't be able to sell it at your desired price, or the price in the market or even the highest price in the order book, best you would get is 0.5-1% below the current price because you'll have to eat the whole order book. I'm preparing my limit order for this altcoin and since the marketcap is only 170 million and my order might be big for this marketcap, I am afraid that my low bid order might not get filled if there is a wick down. So I'm deciding between 2 exchanges: Kucoin with 1.2 million USD volume (per 24 hour) and Gate.IO with 200k USD volume.
The goal is to have the highest chance for getting my low bid order filled, especially because my order will be big (I think). I thought that Kucoin might be better for this, since the volume is way higher. But I have observed both exchanges for 2 days now and often Gate.IO has a lower price and also seems to have more units on sale. Is that possible, despite Kucoin having a way higher volume? Or am I reading it wrong?
Please see this image of both the order books:
The white one is of Gate.IO and the black one of Kucoin. The total amount of coins is listed under ''cum'' on Gate.IO and ''Total'' on Kucoin. As you can see for the price of 12.287 for example there are only around 46 units to be sold on Kucoin and around 940 units on Gate.IO. Am I reading this correctly and thus at this time at least, Gate.IO is better for my goal of having the most chance of my low bid order to get filled?
Thanks in advance!
I am wondering why Binance exchange is not part of this journey ? instead of Gate.io why not choose Binance instead?
anyway that is your funds and you are the one can decide , but if i were you try to use binance for more safer and features like staking and other good offers .
We do not know maybe he did not include binance in the choices because we all know how strict binance is when it comes to trading on their website and they require a KYC so maybe this is the reason why the op is avoiding it but for the other exchanges like kucoin and gate, these exchanges were maybe less stricter and I heard that you do not need to do a KYC for a basic level or basic trade in kucoin but I am not sure about gate if they have almost the same rule as I never tried trading on this exchange yet.anyway that is your funds and you are the one can decide , but if i were you try to use binance for more safer and features like staking and other good offers .
The advantage of using binance is like you said more safer but staking? Staking is also available on many exchanges but most of all is the volume's in binance is very high.
Hi all,
I'm preparing my limit order for this altcoin and since the marketcap is only 170 million and my order might be big for this marketcap, I am afraid that my low bid order might not get filled if there is a wick down. So I'm deciding between 2 exchanges: Kucoin with 1.2 million USD volume (per 24 hour) and Gate.IO with 200k USD volume.
The goal is to have the highest chance for getting my low bid order filled, especially because my order will be big (I think). I thought that Kucoin might be better for this, since the volume is way higher. But I have observed both exchanges for 2 days now and often Gate.IO has a lower price and also seems to have more units on sale. Is that possible, despite Kucoin having a way higher volume? Or am I reading it wrong?
Please see this image of both the order books:
The white one is of Gate.IO and the black one of Kucoin. The total amount of coins is listed under ''cum'' on Gate.IO and ''Total'' on Kucoin. As you can see for the price of 12.287 for example there are only around 46 units to be sold on Kucoin and around 940 units on Gate.IO. Am I reading this correctly and thus at this time at least, Gate.IO is better for my goal of having the most chance of my low bid order to get filled?
Thanks in advance!
I'm preparing my limit order for this altcoin and since the marketcap is only 170 million and my order might be big for this marketcap, I am afraid that my low bid order might not get filled if there is a wick down. So I'm deciding between 2 exchanges: Kucoin with 1.2 million USD volume (per 24 hour) and Gate.IO with 200k USD volume.
The goal is to have the highest chance for getting my low bid order filled, especially because my order will be big (I think). I thought that Kucoin might be better for this, since the volume is way higher. But I have observed both exchanges for 2 days now and often Gate.IO has a lower price and also seems to have more units on sale. Is that possible, despite Kucoin having a way higher volume? Or am I reading it wrong?
Please see this image of both the order books:
The white one is of Gate.IO and the black one of Kucoin. The total amount of coins is listed under ''cum'' on Gate.IO and ''Total'' on Kucoin. As you can see for the price of 12.287 for example there are only around 46 units to be sold on Kucoin and around 940 units on Gate.IO. Am I reading this correctly and thus at this time at least, Gate.IO is better for my goal of having the most chance of my low bid order to get filled?
Thanks in advance!
when I saw the Gate.IO market honestly full of doubts, because the worst trading experience I've ever had on the Gate.IO market by misjudging trust which is very vulnerable to process failure but the coins I have don't come back and I feel cheated.
not only that the price listed on the Gate.IO market also does not meet the volume or capacity limit orders with large capacities which will lead to losses because they are trapped by the initial value.
think again
I am wondering why Binance exchange is not part of this journey ? instead of Gate.io why not choose Binance instead?
anyway that is your funds and you are the one can decide , but if i were you try to use binance for more safer and features like staking and other good offers .
anyway that is your funds and you are the one can decide , but if i were you try to use binance for more safer and features like staking and other good offers .
I have sent out some id's and the verification went smooth and i could make use of their service everything just like before.Im not really that scared on exposing those information
since you do trust up much with the company itself which had been doing good for couple of years.Im not saying its 100% safe but as long i could really make use
of their platform for my benefit then it wouldnt really be an issue for me to deal with.
As long as you trust the exchange and know that they can protect the customer data, you do not have to be afraid or worry about anything. I am sure the exchange will take care of their customer data as they will not something bad happens. Yes, it is not 100% when it is sent to the internet, but we can minimize the risk by only send to the trusty third party.since you do trust up much with the company itself which had been doing good for couple of years.Im not saying its 100% safe but as long i could really make use
of their platform for my benefit then it wouldnt really be an issue for me to deal with.
I've had bad experiences with choosing the wrong exchanges to trade, from that experience I learned to be careful when choosing which exchanges
to use. In fact, based on my investigation, many exchanges circulating today have fake volume and that is detrimental to their users. I've actually
been comfortable using Binance for the past few years for trading. But after my country considered Binance illegal and I had to access Binance
by using a VPN, then after that Binance requires all its users to do KYC. It ended up making me uncomfortable using Binance anymore, but it's not
that Binance is bad, it's just that I'm not comfortable using Binance anymore. Fortunately many people close to me recommend KuCoin and I have
been actively trading on KuCoin in the last few months. So far KuCoin has made me quite comfortable, the features that KuCoin has are also quite
complete and security is also quite good. So KuCoin can indeed be a good alternative to Binance in my opinion. Regarding HotBit I've heard of it,
but to be honest I don't really know about HotBit. But if you think it's good, I'll try to check it if I have free time, who knows HotBit can make me
comfortable to trade.
Many exchanges have fake volumes, but if we do not register on the new exchanges or are not sure about the exchange, we can avoid making a mistake. Yeah, Binance has become strictly related to the country's regulations, causing some people to have difficulty using Binance. But you are lucky to have good friends who suggested using KuCoin to trade and yes, KuCoin can be an alternative if we feel Binance is not comfortable anymore.to use. In fact, based on my investigation, many exchanges circulating today have fake volume and that is detrimental to their users. I've actually
been comfortable using Binance for the past few years for trading. But after my country considered Binance illegal and I had to access Binance
by using a VPN, then after that Binance requires all its users to do KYC. It ended up making me uncomfortable using Binance anymore, but it's not
that Binance is bad, it's just that I'm not comfortable using Binance anymore. Fortunately many people close to me recommend KuCoin and I have
been actively trading on KuCoin in the last few months. So far KuCoin has made me quite comfortable, the features that KuCoin has are also quite
complete and security is also quite good. So KuCoin can indeed be a good alternative to Binance in my opinion. Regarding HotBit I've heard of it,
but to be honest I don't really know about HotBit. But if you think it's good, I'll try to check it if I have free time, who knows HotBit can make me
comfortable to trade.
HotBit is another good exchange for me and so far, I do not have any problem and do not want to get the problem. I read on their site that HotBit does not require KYC when you register, trade, and withdraw. You will provide KYC if you reset Google Authenticator Verification, SMS verification and change Email Verification.
KYC implementation on binance is considerable knowing that they are just following what the law required them to do and besides they are high reputable exchange so I guess their existing and old traders will not care or worry about the new changes happen on their trading platform. Also my second option here is Kucoin and so far they didn't ask me to submit those details and the coins and can trade smoothly at them.
Maybe that is why Binance uses a high KYC implementation for some people and makes them uncomfortable. I consider that Binance verification is like the other not too strict exchanges. Still, KuCoin can be another option for traders as KuCoin does not apply strict KYC verification. That is why KuCoin can be bigger in the future as they have similar features like Binance and have many coins. Maybe people need to check on HotBit, as this exchange is active so they will have another option besides KuCoin.I've had bad experiences with choosing the wrong exchanges to trade, from that experience I learned to be careful when choosing which exchanges
to use. In fact, based on my investigation, many exchanges circulating today have fake volume and that is detrimental to their users. I've actually
been comfortable using Binance for the past few years for trading. But after my country considered Binance illegal and I had to access Binance
by using a VPN, then after that Binance requires all its users to do KYC. It ended up making me uncomfortable using Binance anymore, but it's not
that Binance is bad, it's just that I'm not comfortable using Binance anymore. Fortunately many people close to me recommend KuCoin and I have
been actively trading on KuCoin in the last few months. So far KuCoin has made me quite comfortable, the features that KuCoin has are also quite
complete and security is also quite good. So KuCoin can indeed be a good alternative to Binance in my opinion. Regarding HotBit I've heard of it,
but to be honest I don't really know about HotBit. But if you think it's good, I'll try to check it if I have free time, who knows HotBit can make me
comfortable to trade.
KYC implementation on binance is considerable knowing that they are just following what the law required them to do and besides they are high reputable exchange so I guess their existing and old traders will not care or worry about the new changes happen on their trading platform. Also my second option here is Kucoin and so far they didn't ask me to submit those details and the coins and can trade smoothly at them.
Maybe that is why Binance uses a high KYC implementation for some people and makes them uncomfortable. I consider that Binance verification is like the other not too strict exchanges. Still, KuCoin can be another option for traders as KuCoin does not apply strict KYC verification. That is why KuCoin can be bigger in the future as they have similar features like Binance and have many coins. Maybe people need to check on HotBit, as this exchange is active so they will have another option besides KuCoin.since you do trust up much with the company itself which had been doing good for couple of years.Im not saying its 100% safe but as long i could really make use
of their platform for my benefit then it wouldnt really be an issue for me to deal with.
Kucoin or Binance are both large exchanges, have high credibility and have many users. Since the beginning of the release I already have a Kucoin account as well as a Binance. Both highly recommended exchanges with lots of features and easy ways to withdraw and deposit, as well as constantly improving security. There are many other exchanges, but the ones I use are Kucoin and Binance and there are a few others.
Hi all,
I'm preparing my limit order for this altcoin and since the marketcap is only 170 million and my order might be big for this marketcap, I am afraid that my low bid order might not get filled if there is a wick down. So I'm deciding between 2 exchanges: Kucoin with 1.2 million USD volume (per 24 hour) and Gate.IO with 200k USD volume.
The goal is to have the highest chance for getting my low bid order filled, especially because my order will be big (I think). I thought that Kucoin might be better for this, since the volume is way higher. But I have observed both exchanges for 2 days now and often Gate.IO has a lower price and also seems to have more units on sale. Is that possible, despite Kucoin having a way higher volume? Or am I reading it wrong?
Please see this image of both the order books:
The white one is of Gate.IO and the black one of Kucoin. The total amount of coins is listed under ''cum'' on Gate.IO and ''Total'' on Kucoin. As you can see for the price of 12.287 for example there are only around 46 units to be sold on Kucoin and around 940 units on Gate.IO. Am I reading this correctly and thus at this time at least, Gate.IO is better for my goal of having the most chance of my low bid order to get filled?
Thanks in advance!
Some exchanges have orders filled with lower price but when you take a look at the volume of those orders it will be less than 1% or simply created by the exchange itself to give more trading volume to coin tacking sites so I always say go with the Kucoin which is reputable and you don't need to worry about your order stuck forever.I'm preparing my limit order for this altcoin and since the marketcap is only 170 million and my order might be big for this marketcap, I am afraid that my low bid order might not get filled if there is a wick down. So I'm deciding between 2 exchanges: Kucoin with 1.2 million USD volume (per 24 hour) and Gate.IO with 200k USD volume.
The goal is to have the highest chance for getting my low bid order filled, especially because my order will be big (I think). I thought that Kucoin might be better for this, since the volume is way higher. But I have observed both exchanges for 2 days now and often Gate.IO has a lower price and also seems to have more units on sale. Is that possible, despite Kucoin having a way higher volume? Or am I reading it wrong?
Please see this image of both the order books:
The white one is of Gate.IO and the black one of Kucoin. The total amount of coins is listed under ''cum'' on Gate.IO and ''Total'' on Kucoin. As you can see for the price of 12.287 for example there are only around 46 units to be sold on Kucoin and around 940 units on Gate.IO. Am I reading this correctly and thus at this time at least, Gate.IO is better for my goal of having the most chance of my low bid order to get filled?
Thanks in advance!
The exchange which we choose should have the liquiditiy so that we can easily buy and sell the coins. The exchnage which has no or less liquidity means that there are very few people using that exchange as there are too few orders on the order book.
We should only use the exchanges with high liquidity and have gainied good trust amoung the traders. Binance, kocoin and ftx are the one which i normally use and have faced no issues so far.
KYC implementation on binance is considerable knowing that they are just following what the law required them to do and besides they are high reputable exchange so I guess their existing and old traders will not care or worry about the new changes happen on their trading platform. Also my second option here is Kucoin and so far they didn't ask me to submit those details and the coins and can trade smoothly at them.
Maybe that is why Binance uses a high KYC implementation for some people and makes them uncomfortable. I consider that Binance verification is like the other not too strict exchanges. Still, KuCoin can be another option for traders as KuCoin does not apply strict KYC verification. That is why KuCoin can be bigger in the future as they have similar features like Binance and have many coins. Maybe people need to check on HotBit, as this exchange is active so they will have another option besides KuCoin. 
Quote
-snip-
Some doesnt mind but there are people who doesnt really like on the current set up on what Binance does have but showing off that they only lost mere amount on percentage of their users of such changes.Yes, Kucoin is really a good option too and when it comes to reputation then this one do also fits out just next to BInance.So its a personal choice whether which one you do prefer the most.
Stick with the best ones and you wouldnt really experiencing some problems but its not really that bad to consider new ones but always mind off about the risks.
tighter as we do move on years to come which these platforms would be slowly becoming into this kind of standard and since these things are regulated then they do need to abide on the laws and regulations that had been set which means that we dont have any choice but to deal with it.
Sooner or later we would be totally be seeing platforms would be mainly asking for some verification.
Quote
-snip-
Some doesnt mind but there are people who doesnt really like on the current set up on what Binance does have but showing off that they only lost mere amount on percentage of their users of such changes.Yes, Kucoin is really a good option too and when it comes to reputation then this one do also fits out just next to BInance.So its a personal choice whether which one you do prefer the most.
Stick with the best ones and you wouldnt really experiencing some problems but its not really that bad to consider new ones but always mind off about the risks.
The only probelm with kucoin is that they have a strict KYC policy where they do not allow many countires to use thier exchnages. Even though you can make an account and use it if you are in restricted country but KYC is not allwed for everyone. For this reason i don't think that Kucoin has a big potential as some of the other exchanged mainly binance. For now i think binance is the biggest exchange and no other exchanges seems to be pouplar in terms of liquidity and number of users. There are few other exchnages with much improved features like FTX but that is not widely used when you compare it with binance.
If you think KuCoin is a strict KYC policy and your country is on their restricted countries list, you can search for the other exchanges. KuCoin is just an option for a trader who wants a similar exchange like Binance. But Binance itself has a strict KYC policy, and most exchanges will do the same.KYC implementation on binance is considerable knowing that they are just following what the law required them to do and besides they are high reputable exchange so I guess their existing and old traders will not care or worry about the new changes happen on their trading platform. Also my second option here is Kucoin and so far they didn't ask me to submit those details and the coins and can trade smoothly at them.
Yes, Kucoin is really a good option too and when it comes to reputation then this one do also fits out just next to BInance.So its a personal choice whether which one you do prefer the most.
Stick with the best ones and you wouldnt really experiencing some problems but its not really that bad to consider new ones but always mind off about the risks.
The only probelm with kucoin is that they have a strict KYC policy where they do not allow many countires to use thier exchnages. Even though you can make an account and use it if you are in restricted country but KYC is not allwed for everyone. For this reason i don't think that Kucoin has a big potential as some of the other exchanged mainly binance. For now i think binance is the biggest exchange and no other exchanges seems to be pouplar in terms of liquidity and number of users. There are few other exchnages with much improved features like FTX but that is not widely used when you compare it with binance.
If you think KuCoin is a strict KYC policy and your country is on their restricted countries list, you can search for the other exchanges. KuCoin is just an option for a trader who wants a similar exchange like Binance. But Binance itself has a strict KYC policy, and most exchanges will do the same.KYC implementation on binance is considerable knowing that they are just following what the law required them to do and besides they are high reputable exchange so I guess their existing and old traders will not care or worry about the new changes happen on their trading platform. Also my second option here is Kucoin and so far they didn't ask me to submit those details and the coins and can trade smoothly at them.
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