Topic: Finding the best cryptocurrency exchange to trade on - What is your top pick? (Read 366 times)
April 07, 2020, 06:29:34 PM
Binance, Wazirx, Paxful and Localbitcoins are the best places according to me if you are looking to get the best for your BTC, be it alts or fiat (based on exchange to exchange). For the derivatives part, none other than BitMex because they provide all of us with the opportunity to get stopped out and that's when I make the most out of it. I mean, when the markets are against you, you can make more money by just hedging it with a different account on a different IP address.
April 07, 2020, 05:57:41 PM
But beside that exchange i will recommend on KuCoin, Okex, Poloniex, Coinbase Pro and Bittrex.
I will remove Poloniex from the list of trusted exchanges, Poloniex has a bad reputation even many people have accused Poloniex of fraud.A friend of mine was deleted by Poloniex account without any reason, if you decide to participate in trading on Poloniex be careful.
I will do agree and disagree both for your opinion. It's true that poloniex have not much reputation since couple of years but it was a great exchange back 2017. Still poloniex doing great as exchange in my opinion. Every company/project had to face rough time and i guess poloniex also facing rough time at this moment. So if they will handle their bad things properly then it'll turn back and become a great exchange again (like Bittrex).
April 03, 2020, 06:20:27 AM
Let us know what you think! And also what are your favorite exchanges?
There’s a lot crypto currency that we can used to exchange out local currency into international currency, but most of them has a high exchange rate so that it wouldn’t be difficult for me to exchange it. In choosing my preferred crypto currency is based on their legibility if is not scammed and the affordability of exchanging the money. For me, I preferred to exchange my local currency into XRP currency because it is legitimate and has a low exchanged rate so that it was very affordable for me to exchange it.
April 02, 2020, 11:16:47 AM
Liquidity, trading and withdrawal fee, individual coin volumes are more important while picking the exchange as top one but as of now binance seems the best and most used crypto currency trading platofrm because they got everything what a trader wanted and that makes the traders to stay there even when lot of new crypto exchanges got emerged.
Well, these are the most important when traders looking for a good crypto exchange platform. It was stated above by nelson4lov all those characteristics on the exchange platform that I looking for, --Binance is very fit with regards to that matter. So far I can tell more about crypto exchange because I never use other exchanges aside from Binance. Indeed, here is my advice if you had already picked an exchange where to trade, never leave your crypto asset on an exchange because you did not have your own private key. April 02, 2020, 10:48:05 AM
Liquidity, trading and withdrawal fee, individual coin volumes are more important while picking the exchange as top one but as of now binance seems the best and most used crypto currency trading platofrm because they got everything what a trader wanted and that makes the traders to stay there even when lot of new crypto exchanges got emerged.
April 01, 2020, 11:52:09 AM
top pick would be binance
Well, due to series of things I have undergo with many other cryptocurrency exchanges, I later fond a place where I can sit comfortably and trade without any mind blowing issues. Binance is my favourite though there are others I used with some trades but regularly I use Binance almost on daily basis. Some of my friends have been on this game and told me about the authenticity of the exchange called Binance over all other exchanges.
March 31, 2020, 01:07:58 PM
Favourite trading platform will have to be Kraken, used to be a fan of Binance, but after the recent scandals, I refuse to support it.
Been playing around with DEX's as of lately, and hate the slow trading using atomic swaps, until I discovered Stakenet's DEX which is Lightning Network compatible, which means not only is the trading fees VERY low, but trading is also instantaneous.
Next problem is liquidity, which they solve through the use of a #DEX Aggregator", which basically combines multiple DEX order books (From other DEX's out there) through API calls, and adds them into the Stakenet DEX, which opens up for a LOT of liquidity, and benefits all the existent DEX's out there as well.
Here's a screenshot:
Been playing around with DEX's as of lately, and hate the slow trading using atomic swaps, until I discovered Stakenet's DEX which is Lightning Network compatible, which means not only is the trading fees VERY low, but trading is also instantaneous.
Next problem is liquidity, which they solve through the use of a #DEX Aggregator", which basically combines multiple DEX order books (From other DEX's out there) through API calls, and adds them into the Stakenet DEX, which opens up for a LOT of liquidity, and benefits all the existent DEX's out there as well.
Here's a screenshot:
March 30, 2020, 04:53:36 PM
top pick would be binance
Well, due to series of things I have undergo with many other cryptocurrency exchanges, I later fond a place where I can sit comfortably and trade without any mind blowing issues. Binance is my favourite though there are others I used with some trades but regularly I use Binance almost on daily basis. Some of my friends have been on this game and told me about the authenticity of the exchange called Binance over all other exchanges.
March 30, 2020, 04:06:26 PM
It is not really that easy to find a good exchange, all of them has one problem or another, not one single exchange has everything right, and many of them lie as well which is the real trouble here. I mean at one point binance made a lot of mistakes, kucoin does, poloniex used to be one of the best, now look at it, so basically ALL exchanges have something they are lacking and that is a big problem.
Even if they do not do a mistake all by themselves there is really big chance the owner or someone from the team saying or doing something bad as well, doesn't mean the exchange is bad but it just puts you off. For better or worse binance is still by far the best one out there but if I had a better option I would totally leave binance right now but there is none so I am stuck.
Even if they do not do a mistake all by themselves there is really big chance the owner or someone from the team saying or doing something bad as well, doesn't mean the exchange is bad but it just puts you off. For better or worse binance is still by far the best one out there but if I had a better option I would totally leave binance right now but there is none so I am stuck.
March 30, 2020, 03:52:21 PM
For me, It doesn't really matter which exchanges one trades in – decentralized or centralized. What matters most is the security of funds. Most people might argue that decentralized exchanges gives you more control. Control that is easier said that done? That said, I pick exchanges to trade in based on the following factors:
1. Security of users funds – are funds SAFU?
2. Volume – little to no volume?
3. Fees structure – is it too high?
4. Coins and pairs – are in-demand tokens/coins listed?
Miscellaneous:
1. UI
2. UX
3. userbase.
For now, Binance fits most of the requirements that I've penned down. They have one of the lowest BTC withdrawal fees (0.0004btc compared to other exchanges of 0.001btc per bitcoin tx).
If I remembered correctly, CZ tweeted that they thought it was a network upgrade and played along but they immediately stopped when they realized that it wasn't. I think anyone in Binance's shoe would do the same.
1. Security of users funds – are funds SAFU?
2. Volume – little to no volume?
3. Fees structure – is it too high?
4. Coins and pairs – are in-demand tokens/coins listed?
Miscellaneous:
1. UI
2. UX
3. userbase.
For now, Binance fits most of the requirements that I've penned down. They have one of the lowest BTC withdrawal fees (0.0004btc compared to other exchanges of 0.001btc per bitcoin tx).
Binance is still the top rated exchange, but I don't like all the scandals they've been involved in recently. (Hint. STEEM).
If I remembered correctly, CZ tweeted that they thought it was a network upgrade and played along but they immediately stopped when they realized that it wasn't. I think anyone in Binance's shoe would do the same.
March 30, 2020, 09:29:33 AM
Those great, I know coingecko but I'm ralely to use it, I just used to use coinmarketcap to know crypto prices movement. But just wondering based kn what the rating from? Is there a questionnaire to rating them? Agree if binance is the most reputable exchange, like in this forum if I ask something or there is newbie who ask that he is looking for an exchange then most user will answer binance exchange is good exchange. I hope this will continue and binance can keep its reputation, because getting an honor is very easy compared to holding it.
March 30, 2020, 09:16:35 AM
Among all the so many exchanges out there I only trust one to trade the one that can give me what Im always looking for an exchange especially volume, easy to use and of course secured one, Binance seems to be one of the best exchange we can trust our money for trading cryptocurrency.
March 30, 2020, 09:07:12 AM
Binance is still the top rated exchange, but I don't like all the scandals they've been involved in recently. (Hint. STEEM).
I'm a much bigger fan of DEX's and the most promising one I know off currently is the Stakenet DEX, which is Lightning Network compatible, meaning you can trade instantly with very low fees, which is pretty damn nice.
It's very soon ready for public release, and I've been beta testing it, so I know it's true potential basically. Once they integrate their DEX Aggregator, you'll be able to access all relevant DEX's orderbooks through the Stakenet DEX, which will add a TON of liquidity.
I'm a much bigger fan of DEX's and the most promising one I know off currently is the Stakenet DEX, which is Lightning Network compatible, meaning you can trade instantly with very low fees, which is pretty damn nice.
It's very soon ready for public release, and I've been beta testing it, so I know it's true potential basically. Once they integrate their DEX Aggregator, you'll be able to access all relevant DEX's orderbooks through the Stakenet DEX, which will add a TON of liquidity.
March 30, 2020, 06:28:51 AM
Coingecko could also add some descriptions or review from users. So we can get clearer view of the reliability of an exchange.
For me, before i start using an exchange i do some background research if that site has good security, if they're popular in twitter and the owner is legit. And if the gambling sites isn't laggy like the ones in yobit and doesn't require KYC with no issues or freezing of accounts like Bitmex.
For me, before i start using an exchange i do some background research if that site has good security, if they're popular in twitter and the owner is legit. And if the gambling sites isn't laggy like the ones in yobit and doesn't require KYC with no issues or freezing of accounts like Bitmex.
March 30, 2020, 05:48:19 AM
Leverage - Bitmex
Spot - Binance
Spot - Binance
March 30, 2020, 02:28:01 AM
I prefer Binance as they are the most popular and reputable exchange despite of what challenges they have faced. As a trader, I'm very particular at exchange's customer support and optimizability of a trading platform in which Binance was able to provide with their best. I haven't seen any comfortable exchange like Binance every before that's why it's difficult for me to alter my stand with regards to exchange preference.
March 28, 2020, 02:00:10 PM
So many scam exchanges listed there - you're not doing yourselves any favors by listing so many scams. Did you just copy CMC? Bitcoinaverage.com actively delete any exchanges that are scamming - you should do the same if you want to be taken seriously.
Bisq is my preferred exchange - strange that you don't list one of the few truly decentralized exchanges.....
Listing do not mean endorsement. We list it and to inform user what goes behind the exchange and also its liquidity and reliability as best as possible.
I beg to differ. Simply by listing scam exchanges you are legitimising, endorsing & advertising them. Claiming to show liquidity & reliability by listing scam exchanges with fake volume is a contradiction. You are using your position to lure individuals into thinking your listings are legit & safe to use when they most definitely are not.
You're scam promoting.
March 28, 2020, 12:24:36 PM
Like the majority of people on my favorite cryptocurrency exchange market is Binance. Until now binance exchange still makes me very satisfied, it is a large and reputable exchange
Sometimes I use hotbit to exchange some of the new coins listed on the market.
Sometimes I use hotbit to exchange some of the new coins listed on the market.
March 27, 2020, 06:18:46 PM
For me I'm super careful when it comes to picking my exchange platform, so there are many things like ease/speed of authentication, transaction volume etc that I take into account. So on these plus other terms my go to exchange platform is Binance.
However, at times I also use Kraken and though rarely, bestchange - which worked pretty well for me. So, altogether it depends on what I'm interested in trading and how much time I have - this is why I often don't bother testing out other platforms, which is probably bad!
However, at times I also use Kraken and though rarely, bestchange - which worked pretty well for me. So, altogether it depends on what I'm interested in trading and how much time I have - this is why I often don't bother testing out other platforms, which is probably bad!
March 27, 2020, 04:05:27 PM
I'm a Kraken girl myself. I've never had any trouble with it after several years, though it certainly sounds like others have and the 2FA hacks are weird and worrying, but it's constantly adding interesting new features and may end up a complete one stop shop for me including OTC. That's if they don't rape me along the way.
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