Topic: How do you define a good exchange? - page 14. (Read 7447 times)
we all have distinctive options although so it certain varies because in most cases will want privacy like no KYC will be required or in any respect that is why they also like the DEX. Centralize however has extra volume, manifestly we all want to be there. If you could create a DEX with a extent like binance has, it will likely be accurate.
Good exchange have many altcoin kinds listed on their market, exactly have many pear of bitcoin and altcoin for trading, like Binance, Bittrex and Gate io I think become most worth exchange for trading and investing.
Hello to all the Bitcointalkers!
Because it is my first post, I have, at least, to present myself in several words. I am a coins/tokens dev and web developer full stack.
After several years of crypto experience, I decided to create my own project. It is not a coin, nor a token (there is already plenty of ERC20 tokens and coins), it is a cryptocurrency exchange.
There is already some exchanges available on the web, but I would like to build one which may fit to Bitcointalk users, it's why I opened this thread, and ask you today what do you like the most in crypto exchanges, as well as the things that you dislike. It can be specific features, themes, properties...
I want to build a good exchange, and for that I need to know your preferences.
Waiting for your replies
Lugdunex
Because it is my first post, I have, at least, to present myself in several words. I am a coins/tokens dev and web developer full stack.
After several years of crypto experience, I decided to create my own project. It is not a coin, nor a token (there is already plenty of ERC20 tokens and coins), it is a cryptocurrency exchange.
There is already some exchanges available on the web, but I would like to build one which may fit to Bitcointalk users, it's why I opened this thread, and ask you today what do you like the most in crypto exchanges, as well as the things that you dislike. It can be specific features, themes, properties...
I want to build a good exchange, and for that I need to know your preferences.
Waiting for your replies
Lugdunex
In my mind a good exchanges define with highly security system that tokens will be safe always. People must think several times before their investment about security. On the other hand team must have to be active always so that they can handle any critical situation. Trader or investor must check deposit and withdrew fees and if it goes high from another exchanges, it will create negative impression for that exchanges. Finally KYC system can be opened so that identity can clear for every traders.
thanks.
A good exchange is an exchange without cheating. Although building it from scratch really needs a process but when you're honest in building a project, you don't have to worry about your project's success. I saw it was very difficult to find a market without cheating so many of the market users run away from that market. So many new markets that want to manipulate the price according to the will of exchange developers, this is the most hated trader. I experienced it.
each exchanges came from the scratch even the biggest and the most popular today like Binance ,but that is correct building reputation needed being truthful and fair in every transactions the exchange may face,being accurate in answering all the inquiries and problem of the users must be answered by support.there are many exchange that is created to scam but there are also some that has a greater perspective and those are the successful today.
Actually, this all depends on our own preferences and experiences. Maybe I can say that Binance waa the best exchange but you have a bad experience on this platform you will probably dont believe me. That is why I think there is no such thing as a good exchange, all of them have flaws it really depends on our preferences.
We all have feelings, but there are universal things we should consider when we choose an exchange:
-Security
-Fees
-Asset selection
-Volume
-Trading options
We can't mix our personal feelings with the reality and talk bad about exchange just because it doesn't suit us in some way.
I can't use Binance due their decision to not support my country, but I still have a great opinion about Binance and I bought
some of their tokens, I keep them in Atomic Wallet. I hope one day they will rethink their decision and allow citizens from my
country to use them.
Good exchange could process your withdraw faster and just take few minute your withdraw done, you need looking about good exchange is depend how process with deposit coin faster or not where some time we can use arbitrage for getting much profit except trading in some exchange market.
I think a quick or slow withdrawal depends on the level of security of the exchange and this should be a priority when investors wish to withdraw large sums of money. In addition, big exchange requires good liquidity and any coin there must have a high trading volume. Personally, I think Huobi is still the best option for all investors because this exchange is considered the most stable during the past time.
Actually, this all depends on our own preferences and experiences. Maybe I can say that Binance waa the best exchange but you have a bad experience on this platform you will probably dont believe me. That is why I think there is no such thing as a good exchange, all of them have flaws it really depends on our preferences.
A good exchange is an exchange without cheating. Although building it from scratch really needs a process but when you're honest in building a project, you don't have to worry about your project's success. I saw it was very difficult to find a market without cheating so many of the market users run away from that market. So many new markets that want to manipulate the price according to the will of exchange developers, this is the most hated trader. I experienced it.
Hello to all the Bitcointalkers!
Because it is my first post, I have, at least, to present myself in several words. I am a coins/tokens dev and web developer full stack.
After several years of crypto experience, I decided to create my own project. It is not a coin, nor a token (there is already plenty of ERC20 tokens and coins), it is a cryptocurrency exchange.
There is already some exchanges available on the web, but I would like to build one which may fit to Bitcointalk users, it's why I opened this thread, and ask you today what do you like the most in crypto exchanges, as well as the things that you dislike. It can be specific features, themes, properties...
I want to build a good exchange, and for that I need to know your preferences.
Waiting for your replies
Lugdunex
What I like the most with regards to crypto exchanges are the following : the platform is easy to use or in other word it is user friendly, the security is top notch so we can assure that our money is safe even if the black hat hackers will attempt to hack the exchange, low transaction fees especially in trading or withdrawal and lastly the speed of withdrawal and deposit is almost instant if possible so we don't need to wait for 5-10 minutes before we can see our deposit or withdrawal. Because it is my first post, I have, at least, to present myself in several words. I am a coins/tokens dev and web developer full stack.
After several years of crypto experience, I decided to create my own project. It is not a coin, nor a token (there is already plenty of ERC20 tokens and coins), it is a cryptocurrency exchange.
There is already some exchanges available on the web, but I would like to build one which may fit to Bitcointalk users, it's why I opened this thread, and ask you today what do you like the most in crypto exchanges, as well as the things that you dislike. It can be specific features, themes, properties...
I want to build a good exchange, and for that I need to know your preferences.
Waiting for your replies
Lugdunex
What I hate to crypto exchanges are the following : fees are too high, too much documents to ask even if you are a small trader or user only, it is very difficult to maneuver or it is not a user friendly and lastly I need to wait for few minutes or hours just to see my deposit or withdrawals.
There is a conception that I have, for me an Exchange of quality and level 1A:
1.- That allows "Stop Loss" and "Take Profit" to be placed in 1 position.
2.- That allows the Margin Trade, leverage.
3.- That it does not have excesses, that is, they do not settle with High Frequency trading peaks with Bots.
Apart from the fact that withdrawals are fast and safe, allowing anonymity, which, today is very difficult to achieve, without KYC it would be ideal.
1.- That allows "Stop Loss" and "Take Profit" to be placed in 1 position.
2.- That allows the Margin Trade, leverage.
3.- That it does not have excesses, that is, they do not settle with High Frequency trading peaks with Bots.
Apart from the fact that withdrawals are fast and safe, allowing anonymity, which, today is very difficult to achieve, without KYC it would be ideal.
Good exchange could process your withdraw faster and just take few minute your withdraw done, you need looking about good exchange is depend how process with deposit coin faster or not where some time we can use arbitrage for getting much profit except trading in some exchange market.
A good exchange will primarily take care of the safety of its customers and its own security as well.
This means that in the case of deposits in cryptocurrency, you still have to wait for a certain number of network confirmations before your deposit is credited to the system.
As for the withdrawal of funds, in the case when the exchange has a manual mechanism for confirming the withdrawal of funds means that the exchange has significant liquidity problems.
Good exchange could process your withdraw faster and just take few minute your withdraw done, you need looking about good exchange is depend how process with deposit coin faster or not where some time we can use arbitrage for getting much profit except trading in some exchange market.
How fast they process withdrawals is very important but it's not crucial.
To me the most important features of a good exchanges are security, legitimacy and proper customer.service. If anything of these is not working fine I would not use and not recommend such exchange. Unfortunately, there are lot of exchanges that doesn't fulfill that criteria because fast profit is only they are after. Due diligence is something that O always do before starting to use some exchange.
Good exchange could process your withdraw faster and just take few minute your withdraw done, you need looking about good exchange is depend how process with deposit coin faster or not where some time we can use arbitrage for getting much profit except trading in some exchange market.
A simple platform and smooth structure is what defines it for me. Anyhow, mostly I don’t prefer any exchanges due to the risk. I instead prefer Forex broker, but it is something that needs to be worked out right to be able to benefit through.
Yeah, many of us stop trading because of the risk but I think forex brokers are really good too I've exchanged here and the Forex Broker is a platform that works with integrity and integrity. At first I did not know anything about trading but after the first trade I did at Forex Broker.
A simple platform and smooth structure is what defines it for me. Anyhow, mostly I don’t prefer any exchanges due to the risk. I instead prefer Forex broker, but it is something that needs to be worked out right to be able to benefit through.
What is the Op update he already build a exchange? The good exchange for me is the Security is very high, the exchange does not list most of shitcoins, they listed a lot of potential coin and many features that you can use once you register to the exchange.
Traders have different taste about choosing trading exchange and we are not same and if someone wants or have plans to create their own exchange better to combine their all suggestion so they will choose your exchange.
Traders have different taste about choosing trading exchange and we are not same and if someone wants or have plans to create their own exchange better to combine their all suggestion so they will choose your exchange.
The good exchange I think is very simple..
We do have the same wants on an exchange in order to define them as a good exchange, Everyone of us has a different qualification to define an exchange as a good exchange, Some of us rely on the feedback from the recent users of a certain exchange, Some are trying it themselves to know what kind of exchange they are dealing with. Of course exchange today are battling with their good quality to fight other exchange especially if the exchange is a new one. Some users preferred established exchange over new ones with a good offer or promotion because sometimes users only need a good service on there trading activities.- responsive customer service
- cheap fee (maker, taker & withdraw)
- high level of security
- have a lot of pairs (BTC/ETH, ETH/LTC or others)
- have very few complaints (minimum 0.3% of total users)
KYC in exchange is important and I don't mind it and again, when the exchange has support that is always ready to serve its customers it is a very positive thing, because I personally have experienced problems in an exchange and they do not have or lack of support so the problem we raise cannot be resolved quickly. Another problem is about the maintenance of the exchange itself, when the exchange can carry out regular maintenance it will certainly make the exchange safe from hacking.
The good exchange I think is very simple..
- responsive customer service
- cheap fee (maker, taker & withdraw)
- high level of security
- have a lot of pairs (BTC/ETH, ETH/LTC or others)
- have very few complaints (minimum 0.3% of total users)
I don't like the KYC verification and I will never send my personal data online except for local KYC and that is why I used bitcoin is that you don't need to exchange your BTC to local fiat without verification. However, the problem these days almost all exchanges are now asking for KYC even claiming ICO requires KYC which is not fair.
I don't like KYC on the gambling platform but for exchange I think it's very important.. an exchange which enforces KYC, of course, monitors the movements of its members and it will reduce money laundering, we cannot deny that corruptors, weapons dealers and drug traffickers use cryptocurrencies for their transactions. so my conclusion, KYC is very important in exchange. I need to know your preferences.
My dream is a decentralized exchange with good liquidity. I don't know how to achieve it technically but that's how I see the best possible exchange. Moreover, KYC-checks (if they are necessary) should be more straight-forward than on many existing exchanges (when you never know what else the support team is going to ask you in the next minute). I've tried one DEX but I wish it would be faster. Maybe you will find a way to achieve it.
Jump to: