I think a good exchange is
cs fast response, kyc, can withdraw fiat money easily and cheaply, there are chat rooms, more pairs to fiat money or altcoins, guarantee the security and privacy of users, and always high trading volumes
Topic: How do you define a good exchange? - page 25. (Read 7378 times)
There are tons of exchanges coming up now. Depending on which you wan to be, there are types of exchange- cebtraliyabd decentralised with the CEX having more trade volume that the DEX. However, I'm seeing projects having a mix of Dex and Cex called hybrid. You need a strong security architecture against hacks and hackers with great support and easy withdrawal knowing fully Weymouth that most people avoid KYC.
So what i hate the most about probably many exchange sites, is the cheer amount of information that they have in your face as so as you open the page, people get really overwhelmed by charts and numbers and unnecessary list of coins, for an experienced person this is already something that they are used to but for someone who is new this is overwhelming and makes it look very complicated, so make it minimalist and let the user decide which coin he want to see its chart and price.
It seems that you are describing shitcoin exchanges. If you think it hinders your trading experience, then simply stop using these exchanges, or at least add the coins you like and trade to your favorites list.I can't think of any decent exchange that doesn't allow you to customize the list of coins. I occasionally use Binance myself and only select Bitcoin and Ethereum to be added to my favorites, the rest is not of importance to me.
Also, people who are brand new actually join exchanges for their massive list of shitcoins. They love the choice that these exchanges offer, so it's more coins they prefer rather than less coins.
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.
For me any exchange with decent volume and easy deposit and withdrawal is a good exchange. Also, the support has to be good. Safety comes at the top. That's why I prefer exchanges with 2-3 levels of security. But in any case I don't keep my money on an exchange for a long time. So, for quick trades volume is the key.
A good exchange is only the one who has good rating and feedback and of course it will have good volume if it is trustworthy. Many new exchanges are coming up these days but it is always a danger that those new exchanges can scam anytime once they got some good deposits.
I always avoid trading on small exchanges.
For me, a good exchange has good security of funds, support that's fast to respond to any tickets and issues that users might have, and doesn't require KYC. Low site lag and no/very few overloads unlike what Bitmex has (where I mainly trade) is a plus as well. Fees should also be reasonable, though I find most exchanges do not have problems with fees most of the time. Users should also have the option to secure their accounts with extra security measures like 2FA and SMS.
A good UI is a must too, potentially with the option to use either a light or dark theme if possible. A white background sucks for when I'm trading at night, and I personally prefer a darker site theme anyways.
A good UI is a must too, potentially with the option to use either a light or dark theme if possible. A white background sucks for when I'm trading at night, and I personally prefer a darker site theme anyways.
For me any exchange with decent volume and easy deposit and withdrawal is a good exchange. Also, the support has to be good. Safety comes at the top. That's why I prefer exchanges with 2-3 levels of security. But in any case I don't keep my money on an exchange for a long time. So, for quick trades volume is the key.
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
So what i hate the most about probably many exchange sites, is the cheer amount of information that they have in your face as so as you open the page, people get really overwhelmed by charts and numbers and unnecessary list of coins, for an experienced person this is already something that they are used to but for someone who is new this is overwhelming and makes it look very complicated, so make it minimalist and let the user decide which coin he want to see its chart and price. 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
According to me, a good exchange is a exchange that have friendly interface, low transaction fee, good trading volume, good services etc. If I get all of this then I like to trade on that exchange.
In my own opinion, an exchange is good if they have their own coin - because that only means that they are really eager to promote their coin and increase it's circulating supply in the means of their own exchange. One example of an exchange that has their own coin is the Cat.ex transaction mining exchange, and there are lots of advantages when you have their token.
a good exchange for me is an exchange that have a good, fast, and well-behaved customer supports.
It's really important for me if i have some trouble like withdrawal delays, deposit errors, or anything.
a good exchange for me also need to have a decent 'fee' upon withdrawals or tradings. 0.1% on each trade is actually a standard for me.
An user-friendly interface with a good user experience is A MUST though, especially if i need it for a daily usages.
It's really important for me if i have some trouble like withdrawal delays, deposit errors, or anything.
a good exchange for me also need to have a decent 'fee' upon withdrawals or tradings. 0.1% on each trade is actually a standard for me.
An user-friendly interface with a good user experience is A MUST though, especially if i need it for a daily usages.
Not too much in my opinion, exchange will be good if it's easy to use and has good security and friendly user service and can also help 24 hours a day.
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 factors which determine the best suited exchange like it must be legitimate and must have huge volume transactions with large customer base.The funds must be safe and secure and transactions should beade fast with low fees.Other things are only good coins should be listed on the exchange not the lower potential ones.The developer team should work progressively and increase trade on exchange. 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 actually depends on your perspective. If you want an exchange that lists shitcoins so that you can sell all of those shitcoins you have, then that is your definition of good exchange. But if you want an exchange that is listing coins that are with quality then that's your definition of it.
Volume trading, how much coin in there. But for now maybe i will split 2 good exchanger, when i trade coins, or tokens id on different exchanges. About support response, i usually read in this forum because some of them is lack of support.
My standards for a good exchange shift a lot based on what im doing. If im shopping for unknown coins i dont really mind a "shabby" exchange (as long as it is not an outright scam). If i am dealing with larger quantities however, it becomes all about security.
I havent really found any real good exchanges. Polo had a really good UI. Others have speed. etc. Havent really found any that provide it all.
I havent really found any real good exchanges. Polo had a really good UI. Others have speed. etc. Havent really found any that provide it all.
defining a good exchange is using yobit, they have adequate volume and security which is one of my top picks
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
If you are going to have an exchange you better have attentive customer support who acts on a technical issues and trouble shootings of their accounts. There are only few spare times left for most traders and you better not waste a single second as they will be displeased in any late reactions for their concerns, all customers do. I have recently send a ticket to one of my used exchange and so far they are attentive and did the job clean.
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 an Exchange what you must do is have everything under legal documentation, if you want to make a difference you must make an Exchange that has all the tools for a tradeer, such as building a position with: Stop Loss and Take Profit at the same time, for not be stuck to the graphic all day, with these simple tools many traders will begin to join quickly. Also another factor to take into account is that you must have an acceptable arbitration, there is an Exchange that is very permissible in arbitration, and it is difficult to establish a range for trading. I think if you meet this, you will be very successful.
What I like best in crypto exchanges is low fee fees and fast transactions. Because each exchange has a different fee, and to make it easier not to allow KYC.
I don't think low fees and fast transactions are factors to determine a good exchange because I see a lot of exchanges have the same advantages but people still underestimate these exchanges when its advantages cannot compensate for the problems and risks it can bring. In my opinion, I think the factor to determine good exchange is probably the volume of transactions, quality of service and security, low cost is not so important, important is still safe and we can trade on a vibrant platform full of opportunitiesJump to: