Topic: How do you define a good exchange? - page 20. (Read 7378 times)
You can define a good exchange if their security is good, many people are trusted to them and the exchange is easy to use for everyone. It's so rare to fine a good exchanger to use so make research before use a exchanger so your assets will be safe.
A good cryptocurrency exchange should be totally decentralized, anonymous, should not hold traders funds and trading must be peer-to-peer.
Centralized exchanges are unfortunately not safe. No one should see them as secure way of trading cryptocurrency unless they are under strong regulations.
Build a decentralized exchange instead.
Centralized exchanges are unfortunately not safe. No one should see them as secure way of trading cryptocurrency unless they are under strong regulations.
Build a decentralized exchange instead.
To define good exchange here is my own opinion
1. Low transaction fees collecting to the users or traders
2. Highly security feature
3. Easy to use and understand easy and friendly user
5. Complete guide chart coins
That's what ideas I am sure can you how to choose good exchange for your trading job. Good luck for your success.
1. Low transaction fees collecting to the users or traders
2. Highly security feature
3. Easy to use and understand easy and friendly user
5. Complete guide chart coins
That's what ideas I am sure can you how to choose good exchange for your trading job. Good luck for your success.
A good crypto exchange is an old exchange. The second is the ability to trade not only in long, but also in short. Accordingly, the number of exchanges is sharply reduced. And the third for me is the huge volatility. What it is, the better.
Binance is not too old exchange but it is the best of other now.
You are the one deciding when to trade so exchanges is not based on trading time.
Huge volatility depends on the people who are trading it,so you are completely off from how to pick the right exchange.
A good crypto exchange is an old exchange. The second is the ability to trade not only in long, but also in short. Accordingly, the number of exchanges is sharply reduced. And the third for me is the huge volatility. What it is, the better.
A good exchange must have KYC which is really necessary for safety, must be not so complicated exchange that could provide convenience on it`s user. Many exchanges now are being create and most of them are not safe. Be safe on choosing what exchange you will put your money in.
I will define a good exchange as one that has a high trading volume as well as a lot of coin options to trade from. Currently, Binance is the exchange of choice because it has these features. In addition, exchange fees are much lower.
I define an exchange if it's good or bad if it has a high volume of traders. If there are a lot of trades happening on each crypto and only few selected altcoins are listed there. It's also good if their platform is mobile friendly and their support is easy to contact and replies fast when there are some problems.
I think with you always choose the exchange with high trading volume and trust from many big investors or if there are more applications for mobile then it really convenient for trade. People often like the innovation of different exchanges but if people are trusted, it is a new alternative in the near future. I believe that choosing a good exchange is easy and staying away from exchanges always requires KYC users
I think a good exchanger is an exchanger that has a lot of coins that is quality, safe, low-cost and has a high volume
I suggest a good exchanger for those coins have a good price and stable price and high volume. Because people will decide from it and truth they have using that exchanger with volume of coins.
Actually I try to find something trustable based on community feedback.
Sometimes I gambling because when you see the exchange already trustable but it's security still flaw so we often heard about well known exchange that got hacked.
Well, this is cryptocurrency , the world of full risk
The risk is still there, we are not trying to eliminate the risk but looking for exchanges with a small risk of scam, and that is what I see on old exchange, they have millions of users and the length of time they operate proves that they are safe to use, I also look for trading sites that have active customer support, it will solve problems for each user in short time, low fees for trading and withdrawals are also a consideration of mine Sometimes I gambling because when you see the exchange already trustable but it's security still flaw so we often heard about well known exchange that got hacked.
Well, this is cryptocurrency , the world of full risk
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
for me a good exchange is an exchange that can make it easier for users to make withdrawals or deliveries at a low cost and without KYC verification, I am sure most people complain about KYC verification because it is quite difficult to wait until the verification is received. in addition, website security exchanges can be a major factor that can provide convenience for its users
First and foremost, I would like to use a licensed crypto exchange if the reputation has not been established yet.
There are countless of exchanges sprouting everyday, and most of them do not have the intentions of acquiring their respective licenses.
I know that's a lot to ask for a starter, but presenting your exchange with such license would gain your credibility from this competitive market.
Building your own exchange is not an walk in the park. This is a serious business if you don't want to be labelled as cheater or scammer.
Guys, for some trading platforms, the provision of passport data is mandatory only if the daily withdrawal exceeds a certain minimum of funds. This minimum is different for each platform. Since we are dealing with a large number of different cryptocurrencies, you have to register your accounts in a huge amount of trading exchanges, and you really don’t want to go through KYC everywhere and check your documents and therefore you have to look for other resources for trading. Nevertheless, the presence of KYC verification is not yet a guarantee that this exchange is one of the best.
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
for me a good exchange is an exchange that can make it easier for users to make withdrawals or deliveries at a low cost and without KYC verification, I am sure most people complain about KYC verification because it is quite difficult to wait until the verification is received. in addition, website security exchanges can be a major factor that can provide convenience for its users
in my opinion a good and good exchange presents a lot of factors including the volume of sales, the number of coins listed and the low fees that can be a good exchange and attract many investors or traders to be there.
The trading volume can be manipulated, it cannot be a factor that makes an exchanger a good exchanger. so I continue to argue that security and service for 24 hours a day is the most important thing in an exchanger to be said to be good.https://www.theblockcrypto.com/2019/05/28/up-to-86-of-total-reported-cryptocurrency-trading-volume-is-likely-fake-according-to-analysis-of-exchange-website-visits/
That would mean only few exchanges in the market are reputable, and we should trust them over the questionable exchanges.
This practice is a very bad one because it misleads investors, but at the same time, I would not completely judge them since the only way to encourage people is through volume, we trader’s likes to stick with volume more than the exchanges features, so we deserve what we get sometimes.
I define an exchange if it's good or bad if it has a high volume of traders. If there are a lot of trades happening on each crypto and only few selected altcoins are listed there. It's also good if their platform is mobile friendly and their support is easy to contact and replies fast when there are some problems.
Maybe one of the good exchange for me is Kucoin, because it has a huge traders that are very active to their platform.
Then, aside from that their support team was also responsive and and very accommodating to their customer too.
And lastly their transaction fee also was too low and very fair enough to all their client users compare to other exchange
platform.
Then, aside from that their support team was also responsive and and very accommodating to their customer too.
And lastly their transaction fee also was too low and very fair enough to all their client users compare to other exchange
platform.
I do not trust the new exchanges. If I need to sell some kind of token that can only be sold on a new exchange, then I will immediately withdraw the cryptocurrency to my wallet after the sale.
Your concerned is absolutely correct.
But you maybe wrong.
I mean you directly said we shouldn't believe in new exchanges.
But what about the exchanges launched by reputable users.
Also what if they do huge scale promotions?
The ones with all these facilities are really legit. They really want to make a good reputation on the market.
But i also agree. Some exceptions are there.
It depends what do you expect from the exchanges..
For example, I choose Kraken, for the best UI/UX in order to exchange crypto to Fiat. Talking about altcoins I prefer Binance or OKEx. If you want to do arbitrages, you should use less popular exchanges such as btc-exchange or exmo. If you want to be a HODLer you can use just a BitPanda.
All in all, it would be great to understand what are your expectations from the exchanges.
For example, I choose Kraken, for the best UI/UX in order to exchange crypto to Fiat. Talking about altcoins I prefer Binance or OKEx. If you want to do arbitrages, you should use less popular exchanges such as btc-exchange or exmo. If you want to be a HODLer you can use just a BitPanda.
All in all, it would be great to understand what are your expectations from the exchanges.
A good cryptocurrency platform should offer :
- high liquidity
- security features
- trading with leverage
- multiple trading products
- advanced trading GUI
Jump to: