Topic: Choosing the right exchange - page 4. (Read 563 times)
For me in my personal opinion i don't want to recommend gate.io exchange because way back 2019 i have problem with my account but they keep asking more information even though i've already submitted what some sort of information they need in order to recognize me but sad to say no solution until now just a bunch of messages for my information. Very shady to be honest so i stopped contacting them. If i were you mate try binance if it's not restricted to your country wherein to ensure your capital is in a safe place as well, its a very secured platform so probably a good choice than gate.io.
Choose exchange without KYC requirement.
Then consider an exchange which has higher trading volume that in turn will help you to enter and exit with your prefer price. Your orders won't affect price too much if trading volume is high enough and bigger than your order value.
Lastly I would prefer to choose exchange with different trading pairs, BTC, stable coins (different ones, not only USDT, but also BUSD, DAI, etc.)
Remember with DEX, non KYC is only temporary because sooner or later, they will require KYC.
Then consider an exchange which has higher trading volume that in turn will help you to enter and exit with your prefer price. Your orders won't affect price too much if trading volume is high enough and bigger than your order value.
Lastly I would prefer to choose exchange with different trading pairs, BTC, stable coins (different ones, not only USDT, but also BUSD, DAI, etc.)
Remember with DEX, non KYC is only temporary because sooner or later, they will require KYC.
You can likely go with either and still get something filled.
There's quite a large gap in the order books (lowest bid v highest ask) from your screenshot which means it's hard to tell where would be the best place to get the order fulfilled and it'll probably either fill for your price on both or neither if volume is that high...
There's quite a large gap in the order books (lowest bid v highest ask) from your screenshot which means it's hard to tell where would be the best place to get the order fulfilled and it'll probably either fill for your price on both or neither if volume is that high...
The exchange that your order can be filled earlier are exchanges with high trading volume of the listed coin. With what you have explained, it is better to go for Kucoin.
Do not follow the low price, what if your order is not filled earlier and no buyer or seller at the displayed amount of the limit order, but just in a way the market order of the coin will not favour you, then you might even end up buying at higher price or sell at lower price. Low volume can be very frustrating.
The lower price seen can be deceiving which is most likely what will happen.
Do not follow the low price, what if your order is not filled earlier and no buyer or seller at the displayed amount of the limit order, but just in a way the market order of the coin will not favour you, then you might even end up buying at higher price or sell at lower price. Low volume can be very frustrating.
The lower price seen can be deceiving which is most likely what will happen.
Thank you for your response. For me it is not only about the lower price. As I explained on the lower volume exchange the order book actually indicates more coins for sale and it has been like that for 2 days. But the volume says otherwise.
Unless I'm reading the order book wrong.
The thing is they might cancel their order and there's a chance a new seller want to sell large sum with lower price too. I don't know which coins you're talking about and how they're interested with Gate.io rather than Kucoin while the volume Kucoin is far higher than Gate.io... You'd better checking the buy and sell order on the next hours and next days, if the volume is still higher in Gate.io then use Gate.io
Does this coins doesn't get listed in Binance? Binance should be the highest volume trading.
Does this coins doesn't get listed in Binance? Binance should be the highest volume trading.
Thank you for your response.
You say, ''The thing is they might cancel their order''. But that goes for both exchanges, no? Or can you tell me how that influences the decision here?
What do you mean exactly with ''interested with Gate.io''?
So if I understand correctly, you do agree with me with the way the order book looks on that image I showed? It shows that Gate.io has more coins for sale, despite that the 24 hour volume is way less than Kucoin.
And no, this projects is not listed on any bigger exchange.
The thing is they might cancel their order and there's a chance a new seller want to sell large sum with lower price too. I don't know which coins you're talking about and how they're interested with Gate.io rather than Kucoin while the volume Kucoin is far higher than Gate.io... You'd better checking the buy and sell order on the next hours and next days, if the volume is still higher in Gate.io then use Gate.io
Does this coins doesn't get listed in Binance? Binance should be the highest volume trading.
Does this coins doesn't get listed in Binance? Binance should be the highest volume trading.
The exchange that your order can be filled earlier are exchanges with high trading volume of the listed coin. With what you have explained, it is better to go for Kucoin.
Do not follow the low price, what if your order is not filled earlier and no buyer or seller at the displayed amount of the limit order, but just in a way the market order of the coin will not favour you, then you might even end up buying at higher price or sell at lower price. Low volume can be very frustrating.
The lower price seen can be deceiving which is most likely what will happen.
Do not follow the low price, what if your order is not filled earlier and no buyer or seller at the displayed amount of the limit order, but just in a way the market order of the coin will not favour you, then you might even end up buying at higher price or sell at lower price. Low volume can be very frustrating.
The lower price seen can be deceiving which is most likely what will happen.
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:
https://i.ibb.co/4ZfjL7b/orderbook.jpg
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:
https://i.ibb.co/4ZfjL7b/orderbook.jpg
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!
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