How do you define a good exchange? - page 18.

wajik-tempe

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Quote from: hajirkhalid2 on December 24, 2019, 06:47:28 AM

I have 5 years in experience in cryptocurrency industry, I know that how many Exchanges are scammers I know like idax,cobinhood,mtgox,cryptopia and hitbtc etc. These are the scam exchange.in my experience binance, kucoin,cointiger. I define good Exchange is about volume.

I used to trade on cryptopia and hitbtc a lot of times and my trades was going well and all my balance is safe. I don't think those exchange have bad reputation but i'm not saying those exchanges have good reputation though. But it's safe to trade there, but right now there are better exchanges as option so many people are leaving those.

Ashong Salonga

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Quote from: hajirkhalid2 on December 24, 2019, 06:47:28 AM

I have 5 years in experience in cryptocurrency industry, I know that how many Exchanges are scammers I know like idax,cobinhood,mtgox,cryptopia and hitbtc etc. These are the scam exchange.in my experience binance, kucoin,cointiger. I define good Exchange is about volume.

Do you have any proof regarding to this claim? I'm not convinced that all of those you've all mentioned as scammers are actually scam because I personally have used them and I was able to withdraw my balance. I've used Hitbtc, Mtgox, and Crytopia already before and the have good user interface and security. On the other hand if you have experienced any issues regarding to your mentioned scam exchangers, you may post a topic in this board: https://bitcointalk.org/index.php?board=83.0

hajirkhalid2

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I have 5 years in experience in cryptocurrency industry, I know that how many Exchanges are scammers I know like idax,cobinhood,mtgox,cryptopia and hitbtc etc. These are the scam exchange.in my experience binance, kucoin,cointiger. I define good Exchange is about volume.

Shasha80

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If you intend to make exchanges I will come to give input, in my opinion to be the best exchanges must have a variety advantages
for its users. Like the appearance of the site that is pleasing to the eye, modern design exchanges, low trading transaction costs,
have real volume, fast deposit or withdraw, fast respond customer service, a good security system, and finally don't need the KYC
procedure. I'm sure if the points I mentioned just now can be realized, many people will be interested in joining your exchanges.

Negotiation

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Quote from: Annalise24 on April 16, 2019, 03:12:22 PM

A good exchange to me is one that has a user friendly interface.
It must have a considerable low feefor transactions.
Withdrawal should not take time before reflecting on my wallet address.
The exchange must have professional support staffs.
It must have measures in place to secure users funds and data against hack .

I agree with you, I think everyone can easily define a good exchange if such steps are taken at every exchange side. It should also be practiced before exchanging.

dunfida

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Quote from: sulendra12 on December 23, 2019, 04:50:36 PM

Quote from: Lugdunex on April 16, 2019, 10:58:07 AM

~snipped because too long~~

I would say I was really hyping on Poloniex and Bittrex when before they implemented the KYC system which makes me to not having any trade there forever because too lazy to do KYC shit. Other than that, I had a very good experience with both of them such as market volume and decent supports.

Top Exchanges do come and go and going back to those glory days where Polo and Bittrex are still on the top until they do changed up their management which do
result into low rankings.

Defining a good exchange? Its hard to say about KYC-free yet centralized ones would really come to this point even on Binance where this thing is still optional
but i wont be surprised if one day they would make it as a mandatory thing.

sulendra12

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Quote from: Lugdunex on April 16, 2019, 10:58:07 AM

~snipped because too long~~

I would say I was really hyping on Poloniex and Bittrex when before they implemented the KYC system which makes me to not having any trade there forever because too lazy to do KYC shit. Other than that, I had a very good experience with both of them such as market volume and decent supports.

Mia44

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Quote from: Lugdunex on April 16, 2019, 10:58:07 AM

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

There are many important things that an exchange needs to attract users such as: liquidity, security, ease of use, low fees, good support, smoothness, etc. But I think the new exchanges are very It is difficult to meet the above requirements when they require large sums of money to execute.

Meowth05

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Quote from: Lugdunex on April 16, 2019, 10:58:07 AM

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

Each individual have their own preferences upon choosing their desired exchanges and in my case I would like to engage in a exchange that does not require KYC since I am not fond of giving my personal info. Having a low fees and better transactional speed could be a good factor as well. Firm security, good UI, support team must be active and more.

Williams_Leo

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Quote from: StephenieDuong on December 23, 2019, 10:00:36 AM

I think a good exchange must have a valid license, have some government permission and proof that investors money is protected by not only one or two men. There are many other options to decide an exchange good or not, but i dont think it too nessecery if three of above is not meet.

I agree that the investors here will not like the intervention of the government, and so they will certainly choose the legal exchange as you said, more precisely, exchanges that are supported by countries and are not denied support, and the license will also be valid at that time, without the recognition of the government, the license is useless. After resolving legal issues, perhaps the quality of service is the first thing to consider, a good exchange will satisfy all investors and attract more people, just looking at the top exchanges right now is enough to understand.

molder555

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If I were to look for a good exchange to stick with, I would probably check the security it provides and as I don't have a well knowledge about charts and trading i would prefer to look for an exhcange that is pleasing to my eyes or what I prefer specifically user friendly exchanges that has a well provided security within it. Wink

StephenieDuong

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I think a good exchange must have a valid license, have some government permission and proof that investors money is protected by not only one or two men. There are many other options to decide an exchange good or not, but i dont think it too nessecery if three of above is not meet.

Rajbir1994

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For success work hard!

Recently I discovered an exchange called Basefex. It got supported by notsofast on twitter, so that’s how I found out about it. After one week of trials, I realized that it’s gonna be one of my main exchanges from now. No kyc/aml is one of defiying factors for me, and they pled to never have KYC/AML on their platform. Hope they are honest in their words. We’ll see. Another thing to mention is their customer support. The dude in the chat was really nice, and they reply pretty fast.

Codira

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Quote from: Lugdunex on April 16, 2019, 10:58:07 AM

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

It will be difficult for you to please the wishes of each user. Some users want “this,” others “something else.” The funny thing is, these wishes will contradict each other. I assume that you will have to choose priorities and try to satisfy the target audience of your exchange. To do this, you need to understand what will distinguish your exchange from many others and offer something special. To better understand the requests of potential users, I recommend reading their reviews. https://revain.org/exchanges/poloniex - for example here or in the section of any other exchange. Select for yourself what people like and dislike. Try to provide the first and eliminate the second. I am sure you will succeed, if you can give users what they want. Good luck.

cofinder

newbie

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For me, the best exchange is a safe and secure platform. I don’t care about the time needed for verification and I have nothing to hide, so it is not a problem to provide all required documents. Also, I am a fan of convenient interface and high leverage.

BayAngelo

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but why do you choose to venture into exchange when you are a developer. not quite fair and acceptable. you could have look for develop a good project and link it to a token. that will be much better than launching an exchange. please we have had enough.

BitcoinHunt3r

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Quote from: Wallflower28 on June 27, 2019, 11:09:26 AM

I define a good exchange based upon its key components. Usually, I look for the fees either in withdrawal or deposits. Those are my personal wants in looking for an exchange, but I also want to have good security because we need to be safe with our funds. Exchange needs to be filtered because it is a tool for us to have a good investment.

For now fees must be concerned. I have use Hitbtc and it took biggest fee that i experienced. 20 USDT, 0,0015 BTC, or 0.04 ETH if me not wrong. Last exchanger that i use usually max only 0.001 BTC for fee.

Findingnemo

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Good exchanges need to support the customers on their customers at any issues then only people will t rust it and deposit any amount for trading.

reporting the right amount of trading volume and the prices of currencies also a good thing to be done if they want to be considered as good exchange.

ufaiz50

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Many exchangers that I think have good criteria both from the interface and features and their CS. I prefer an exchanger that has multiple security features and always has improvisation on their projects, then an exchanger that has the largest volume at several coin rates.

Wallflower28

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I define a good exchange based upon its key components. Usually, I look for the fees either in withdrawal or deposits. Those are my personal wants in looking for an exchange, but I also want to have good security because we need to be safe with our funds. Exchange needs to be filtered because it is a tool for us to have a good investment.

Topic: How do you define a good exchange? - page 18. (Read 7119 times)