How do you define a good exchange? - page 24.

Distinctin

hero member

Activity: 2772

Merit: 645

No dream is too big and no dreamer is too small

Quote from: The Seller on April 20, 2019, 03:28:17 PM

At this time there have been so many new exchanges that have sprung up, but even they have missed a number of important things that are really needed by users. If you want to make a good exchange then at least prioritize customer service that is ready at all times and also has good security and is easy to use.

We can't stop them, they will try to operate because of the potential in this market.
Binance which is the most popular exchange now are making huge money because their trading volume is so high, for sure new exchange's goal
is to maximize their income but it needs time to build reputation and people now are wiser, they will ensure they trade in a liquid and reputable exchange.

Pearls Before Swine

sr. member

Activity: 1190

Merit: 306

Quote from: fudster on April 16, 2019, 11:27:25 AM

A thousand more exchange will be good. Grin

Just like we need another thousand altcoins, right?

Quote from: TribalBob on April 20, 2019, 12:04:41 PM

list a lot of coins, I suggest above 500 coins

This is a good idea in my opinion, and its one of the reasons why Binance is so popular. Not sure if they have 500 coins listed but they do offer a lot, and I prefer to use an exchange like theirs as opposed to one like Kraken which only offers a handful of coins.

The KYC issue is a big one, and depending on what country op is operating in he may not have a choice as to whether his exchange needs customer documents. Exchanges don't implement KYC practices because they enjoy making their clientele annoyed and paranoid; they do it because they have to. But ideally if a new exchange can get away with letting its customers remain anonymous it should do that.

An intuitive user interface to me is one of the most important features. This is one of the reasons why I refuse to trade on Kraken. Exchanges like Binance and Yobit have excellent sites that are very easy to understand and use. There is also easy access to research information about coins on both of those exchanges and I think that's a great feature as well.

Op, you'll be creating an exchange in an environment that seems fairly saturated with them, so good luck because it isn't going to be easy to break into the market.

D ltr

sr. member

Activity: 1329

Merit: 258

👉bit.ly/3QXp3oh | 🔥 Ultimate Launc

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

in my opinion, there are several criteria for good exchange
1. Service by the support team is very good, able to handle all the problems of the members
2. Full time service, without knowing the time limit
3. The transaction process for deposits and withdrawl is fast
4. Providing various trading pairs
5. The trading volume is very large
6. For member account protection is very good
7. Organizing various events including trading competitions, IEO or launchpad that can provide profits to members
8. Fee for trading and withdrawal transactions is quite cheap
9. There is a referral bonus system
10. Give special awards in the form of rewards to the best traders
11. There is no delay when trading in buy and sell orders
12. Don't use bots in all the trading pairs they serve
13. Very easy to use the trading platform

HellDiverUK

hero member

Activity: 1246

Merit: 501

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

Welldone with your project, good exchange combine with good volume with a lot of trading pair, low fees for withdrawal, and more important is security level..

The Seller

full member

Activity: 397

Merit: 101

At this time there have been so many new exchanges that have sprung up, but even they have missed a number of important things that are really needed by users. If you want to make a good exchange then at least prioritize customer service that is ready at all times and also has good security and is easy to use.

Kevin77

legendary

Activity: 1652

Merit: 1057

I believe the best exchange is the one that works with trust and experience on top of its volume. When an exchange gets too big than the worrisome things start to happen, later withdrawals, KYC requirements, hacking attempts. It all comes down to one thing, how well is the exchange is run, do you think hacking attempts will be futile and nothing will happen? Do you think they will not bow down to governments and ask for your KYC ?

Do you truly believe that they are charging fair and reacting quickly to your withdrawals? If any of those things are done a bit worse than you expect than its not a good exchange however if they achieve to do all of those three things than you can consider the exchange as good. This of course is after volume because without volume none of it matters.

mersal

member

Activity: 1204

Merit: 38

Everyone have different opinion about different exchanges and everyone doing it on different sides but I will go with only with the ratings and trust with that because if I was new to this I will go only with the trust from the others were getting confident about their exchanges and I make a decision with that.

whirlcoin

full member

Activity: 602

Merit: 111

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

to define the best exchanges will be simple it will need to be transparent with a good trust about the exchange and it is enough for make the exchanges on that site to secure our good transaction

simplelisten

sr. member

Activity: 310

Merit: 251

For me, a good exchange should have a simple yet nice website design, fast respond to customer support, friendly staff, secured wallet, and low trading/withdrawal fees, I'm a small-time trader so I want to save any profit I got from my investment.

TribalBob

sr. member

Activity: 1288

Merit: 257

Chainjoes.com

there are some things that you can add to your new exchange,
first create a different interface, list a lot of coins, I suggest above 500 coins, and also the most important is the cheap fee.
if you try to make a different thing that's good, but don't forget the security, this is the most important too.

adzino

copper member

Activity: 2968

Merit: 574

www.Crypto.Games: Multiple coins, multiple games

Should be pretty transparent with less bullshits like KYC and other stuffs. Should have a user friendly interface. Must be easy to use and be smooth. Good volumes and need to make sure they do not add those shits coins in the exchange. Oh yeah, they need to have a good customer support. Most of the current support present are just useless and totally shit.

akram143

full member

Activity: 1106

Merit: 166

★777Coin.com★ Fun BTC Casino!

The definition of a good changes will be no problem from starting to end till we are getting the money to our hands without any problems will be the the good changes that we have to trust in all the time and mostly need to be transparent then only the trust become increased on that.

Reid

hero member

Activity: 2856

Merit: 642

Themes would be great but dont overdo it. If I see bad colors I tend to choose another.
One example would be binance color which is great. Better be invertable too.

Trading fees will matter specially when they want in or out.
Do not copy hitbtc where there is a deposit fee. That is some greedy move.

A clean chatbox will also be great, better have customer service 24/7 too. It cannot be left just because you already created an automated exchange.
There will always be a problem.

jentemi

jr. member

Activity: 101

Merit: 1

My own definition of a good cryptocurrencies exchange is being beginner friendly exchange, accomplishes this through its beautiful yet simple user interface and low trading fees. These two are what spark my interest in any exchange.

princerepon

full member

Activity: 980

Merit: 101

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

First of all good luck for your future plan. I don't know you have a team or not but it's more important before you start that you have a good team and support. At this moment Binance is one of the most popular exchange for sure. If you want you can inspire from Binance. Security is most valuable thing for a good exchange. Keep KYC system for customer (but do not create too much any complex option that trader fell uncomfortable).

okala

full member

Activity: 980

Merit: 114

Your project is a welcomed development because no amount of exchange is a enough for the cryptocurrency industry as new coins/token emerges so is the need for more exchanges that will meet up with the demands of it users with new and advanced technology and good trading volume because that is what most time define a good exchange and easy to use with low trading fees.

Strongkored

legendary

Activity: 2744

Merit: 1111

Leading Crypto Sports Betting & Casino Platform

Security and realibe is important and have good support from admin for every issues important too, I use exchange that for deposits and withdrawal fast process and also tiny fee for wd.

Ellen Adarna

jr. member

Activity: 182

Merit: 2

A good exchange is the one who has a good security features that can protect all of your assets and can help you to easily convert all of your fiats into cryptocurrency or bitcoin and vice versa. It will also be good if they have fair low fee when you start to exchange your funds. That is why i highly suggest if you use Darb Finance the best trading platform that it has all the quality of a good exchange that all of i said. You can confidently do trade here as well because all of your assets are safe. You can use Darb as a wallet that you can safely store all of your funds too.

The Cryptovator

legendary

Activity: 2226

Merit: 2169

Need PR/CMC & CG? TG @The_Cryptovator

An exchange should have real and well known team. They should explain their aim directly to user. You should develop something different from others exchange. Otherwise why users will come to your exchange since there is lot of trusted exchange around us. And of course, the most important thing is how will you secure users fund. Hackers are very active and intelligent now a days. So fund should be secured. Pump and dump is a shady activity of exchange so it should be avoid in order to protect users fund.

bonker

hero member

Activity: 784

Merit: 502

Quote from: Kiweikoo on April 19, 2019, 05:14:44 PM

The first thing that compose a goo exchange is not fees , but the platform itself, one major problem I have with a lot of crypto project is that they don't care about what kind of platform they build as long as they are providing a service, but I see that as a very bad a bit and should be avoided, the first thing a developer should consider before launching a platform is how user friendly that platform is, since it would be used by the users and not the developers.

Traders want profit so they don't care much about the platform if it is user friendly or not.Whenever you are using the exchange you are getting flawless experience then it can be a good exchange but it varies from the users preference.

Topic: How do you define a good exchange? - page 24. (Read 7118 times)