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Topic: Choosing the right exchange - page 3. (Read 563 times)

sr. member
Activity: 2436
Merit: 343
January 29, 2022, 04:26:21 PM
#27
Choosing the right exchanges OP is very important when it comes to trading.
* Reliable
* huge trade volume
* number of currencies accepted
* security (legality)
* trade commission

These are the things I needed to look at and certainly will help to live confidently that we are in the right/good exchanger and we can never lose our money upon using them. As the more exchanges are created this time, the more we become careful in choosing them.
hero member
Activity: 2590
Merit: 644
January 29, 2022, 04:03:00 PM
#26
First of all we should check the volume of persons in exchange.after that we should see the coins.at the end we should check the exchange quality and review.if review rate is more than 4 star so it's mean it is workable exchange
Talking about exchanges I think we can't be separated from popular exchanges like Binance,
the exchange is unquestionable and has a lot of features too,
so it's definitely a good review value
^ Perfect choice is that a people's choice.
If you are looking for a good trading experience and your orders are easy to execute is a good place in trading.
For me, the right choice on a good exchange is the volume because a large volume means large potential profit. Kucoin and Binance are now the same popular exchanges platform but I have so many friends that said, Kucoin is better than Binance.
full member
Activity: 2128
Merit: 180
January 29, 2022, 03:50:13 PM
#25
First of all we should check the volume of persons in exchange.after that we should see the coins.at the end we should check the exchange quality and review.if review rate is more than 4 star so it's mean it is workable exchange
Talking about exchanges I think we can't be separated from popular exchanges like Binance,
the exchange is unquestionable and has a lot of features too,
so it's definitely a good review value
Though OP is giving us his situation maybe the token he is talking about is not Listed on Binance. I don’t know much about Gate.io and If I were to choose, I’ll go for Kucoin since that is also considered as one of the best exchange and I’m sure you can easily filled your selling as long as there’s a demand with that token.
Security wise I also go for Kucoin since the volume is also high so there’s a higher chance that OP can buy at a lower bid offer though there’s still no guarantee on this since seller will have to think again if he is willing to sell at a lower price or not. If in hurry OP, better to buy what’s available on the market since the price difference is not that big if ever.
full member
Activity: 2086
Merit: 193
January 29, 2022, 03:20:20 PM
#24
First of all we should check the volume of persons in exchange.after that we should see the coins.at the end we should check the exchange quality and review.if review rate is more than 4 star so it's mean it is workable exchange
Talking about exchanges I think we can't be separated from popular exchanges like Binance,
the exchange is unquestionable and has a lot of features too,
so it's definitely a good review value
Though OP is giving us his situation maybe the token he is talking about is not Listed on Binance. I don’t know much about Gate.io and If I were to choose, I’ll go for Kucoin since that is also considered as one of the best exchange and I’m sure you can easily filled your selling as long as there’s a demand with that token.
newbie
Activity: 3
Merit: 0
January 29, 2022, 03:12:46 PM
#23
A few years ago, I was involved in cryptocurrency trading. There were successful days, but also bad ones. Luckily I paid off the money invested immediately when I got the money so I can say that I am on a positive 0 Smiley I would like to return to the crypto world but this time still with some knowledge of trading. Do you have any advice on what to look out for? Which currencies are best to trade? Is it better to spread the amount over multiple currencies or put it all in one? Which stock exchange do you advise? I used Binance, Bitfinex and Mercatox...
full member
Activity: 1260
Merit: 103
The OGz Club
January 29, 2022, 12:59:35 AM
#22
First of all we should check the volume of persons in exchange.after that we should see the coins.at the end we should check the exchange quality and review.if review rate is more than 4 star so it's mean it is workable exchange
Talking about exchanges I think we can't be separated from popular exchanges like Binance,
the exchange is unquestionable and has a lot of features too,
so it's definitely a good review value
hero member
Activity: 2030
Merit: 578
No God or Kings, only BITCOIN.
January 28, 2022, 11:21:28 PM
#21
First of all we should check the volume of persons in exchange.after that we should see the coins.at the end we should check the exchange quality and review.if review rate is more than 4 star so it's mean it is workable exchange
That's the best thing to choose to but everyone should check the liability if those volume aren't just made up or not fake. Liquidity/volume is a good thing for exchanges since it builds confidence to the customer and it would make sense that they can execute every trade. If it's about review, I would also choose what review sites to choose as well, there are just bad and good review sites out there, choose wisely.
legendary
Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
January 28, 2022, 06:45:50 PM
#20
I think by choosing those large exchanges, any orders made by yours will be filled.

Is that your real concern? Can you elaborate on other concerns so we can have an accurate response to you?
sr. member
Activity: 1988
Merit: 275
January 28, 2022, 06:37:14 PM
#19
Well a personal experience will tell you that trading on a high volume exchange is better. Between the two you mentioned, I will suggest kucoin for you. It has volume higher and resell won't be your problem because of the numbers of willing to buy traders in there. Your orders won't take long to be taken both for buy or sell.

Usually high volume exchange has faster rate of fulfilling your orders. But it depends on the coin in question here because it varies from one exchange to another. Also, the movement may be fast so whatever the OP posted will change in a matter of minutes. So he needs to consider that as well. The figures he was looking at that time, may change upon the execution of his order. He needs to observe the two exchanges on how the orders are getting filled for that particular coin.
hero member
Activity: 938
Merit: 503
👉bit.ly/3QXp3oh | 🔥 Ultimate Launc
January 27, 2022, 08:47:10 AM
#18
First of all we should check the volume of persons in exchange.after that we should see the coins.at the end we should check the exchange quality and review.if review rate is more than 4 star so it's mean it is workable exchange
legendary
Activity: 2268
Merit: 1655
To the Moon
January 26, 2022, 01:09:36 PM
#17
...The goal is to have the highest chance for getting my low bid order filled, especially because my order will be big (I think). ...

If you have doubts, in this case it would be the right decision to divide the deposit between these two exchanges by sending most of it to Kucoin. At the same time, place purchase orders in pairs to various stable coins, if there is such a choice.
sr. member
Activity: 2366
Merit: 332
January 26, 2022, 05:48:22 AM
#16
Well a personal experience will tell you that trading on a high volume exchange is better. Between the two you mentioned, I will suggest kucoin for you. It has volume higher and resell won't be your problem because of the numbers of willing to buy traders in there. Your orders won't take long to be taken both for buy or sell.
member
Activity: 93
Merit: 10
It Can Only Get Better
January 26, 2022, 04:13:23 AM
#15
I would also advice Kucoin because of its large trade volume. Using an exchange that has lower trade volume might result in slippage. Which means that you would end up paying higher for your trade.
hero member
Activity: 2492
Merit: 542
January 26, 2022, 02:48:49 AM
#14
My suggestion is choose exchange with high volume Kucoin, why I suggest this one? Supposed your buy order at low price already been filled then later the price increase then you have a profit now and you decided to sell it, right? You can immediately sell your asset without worrying with liquidity and volume in Kucoin compared to Gateio which has low volume, you need to wait a longer time before your sell order got filled.
hero member
Activity: 2870
Merit: 574
Vave.com - Crypto Casino
January 25, 2022, 11:01:23 PM
#13
I still prefer KuCoin over Gate.io but both exchanges did good work for me because I can profit from various coins.
The volume or trading pair is much bigger KuCoin than Gate.io so that the movements will be fast at KuCoin.
If you are not hurrying to trade, Gate.io can suit you but if you want to have a more aggressive market, KuCoin is better but Binance is best if you want to search for faster movements.
Related to your coins, you should check how long one order will fill so if you take a look at Gate.io, the order will need more time to fill than in KuCoin but maybe I am wrong because that can be related to the time for the trader to trade.
hero member
Activity: 1778
Merit: 709
[Nope]No hype delivers more than hope
January 25, 2022, 09:47:02 PM
#12
You mean the trading pair LYXE>
hero member
Activity: 2688
Merit: 540
DGbet.fun - Crypto Sportsbook
January 25, 2022, 06:42:30 PM
#11
In that case, I'd rather choose Kucoin exchange than Gate.io. It is better to choose an exchange that has huge trading volume as we can make our buy/sell easily get filled. And also, considering the credibility of Kucoin have than Gate.io, I think it was safe to use.
Well, I understand that the price isn't your concern but it was supposed to look for which exchange could offer the best aside from security.
Also there are several thread on this forum about their reputation or issues.

https://bitcointalksearch.org/topic/scam-gateio-exchange-5342342
https://bitcointalksearch.org/topic/gateio-scam-and-fraudulent-company-2995073
https://bitcointalksearch.org/topic/gateio-rbtc-withdrawal-issues-case-solved-5332983

I would also trust up Kucoin in  the end of the day.
hero member
Activity: 2954
Merit: 672
Message @Hhampuz if you are looking for a CM!
January 25, 2022, 06:40:16 PM
#10
In that case, I'd rather choose Kucoin exchange than Gate.io. It is better to choose an exchange that has huge trading volume as we can make our buy/sell easily get filled. And also, considering the credibility of Kucoin have than Gate.io, I think it was safe to use.
Well, I understand that the price isn't your concern but it was supposed to look for which exchange could offer the best aside from security.
hero member
Activity: 2968
Merit: 687
January 25, 2022, 04:09:45 PM
#9
As per the screenshot there is a gap between the buying price and selling price, I am sure you will not be able to buy at market price in gate.io because the sellers wants to sell above the market price and buyers want to get it under the market price in Kucoin, so it would be a stalemate wherein your order will not be filled. I would suggest you to find the real arbitrage with some other coin wherein the prices will vary but atleast buyers and sellers should be buying and selling around the market price.
That's the problem if a certain platform doesn't really have much volume on which you could really be having a hard time on filling up those orders that you had made which you might really be ending up
on dealing with market price rather than setting those limits that you had inputted.
I don't have any experiences in using Gate.io but basing off with volume then it is really just sensible if you do really make use of those top rankings in the market
which you wouldn't really be worrying this kind of problem.
hero member
Activity: 1652
Merit: 569
Catalog Websites
January 25, 2022, 04:07:04 PM
#8
As per the screenshot there is a gap between the buying price and selling price, I am sure you will not be able to buy at market price in gate.io because the sellers wants to sell above the market price and buyers want to get it under the market price in Kucoin, so it would be a stalemate wherein your order will not be filled. I would suggest you to find the real arbitrage with some other coin wherein the prices will vary but atleast buyers and sellers should be buying and selling around the market price.
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