Topic: How to choose exchange. My experience - page 3. (Read 701 times)
The first thing to look in an exchange is how secure it is. Never compromise on the security aspect of an exchange. Then you should look if the order books on the exchange are liquid enough. And the most important thing is if the exchange requires verification or not. I personally never use an exchange that requires verification.
I think that it's best to use popular and trusted exchangers. Because there is less risk that you will fall on the scammers.
This is very helpful thread especially with newbie in crypto market and World of cryptocurrency. This works gives me additional information and knowledge on how to choose good and high security exchange.
I think that your 5 criteria that you specified are the most important for choosing a good exchanger. Although the most important thing is the speed of transactions and fee.
All exchanges can be used for different purposes. And the fee is one of the important parameters. As I see HitBTC have not bad volumes but fee at withdraw for alts so high that I don't want to trade it
You should be careful when choosing an exchanger. It seems to me that it is better to pay a little more fees, but be sure of the reliability of the resource.
I just found out that qryptos is an exchange from Japan, there are still many other better exchanges from this list.
thanks for sharing.
thanks for sharing.
I agree with you, there are many exchanges much better, but unfortunately there are tokens that are traded only there. We have to deal with this exchange.
I used exchangers several times there were a lot of scammers, so now I'm not taking money out. I'm looking for the right exchange and still doubting..
Yobit has a huge fee for withdrawall, by piint - binance and hitbtc
Nice review and its beautiful you got rewarded with merits. However as a bounty manager one has to use these decentralised exchange because it takes time for some of these tokens to be listed on centralised exchanges and if you need quick profit, you gotta sell. Also binance is almost everybody's favourite exchange.
Out of all you listed, Binance remains the best. I have also noticed that bots trade on hitbtc, because i just imagine sometime how some transactions are executed. Kucoin is a young exchange site that follows after the footstep of Binance.
Thanks for sharing some words for those exchanges its a good starting point for newbies to choose what exchange is best for them. Im currently using binance, kucoin and hitbtc and so far I dont have any issues in using these exchanges they are not always smooth but not a major problem to be worried about. There are many reviews in google for each exchanges thus it wont be hard to decide if you're going to try them or not.
Thank you for such an interesting and informative article. I hope that it will help the investors a lot while doing their investments.
Absolutely agree with opinion about binance, kucoin and IDEX. Stopped using forkdelta and hitbtc. Never traded on qryptos.
Thanks for the list and for your work. The list is really helpful for me.
I am already busy the last few days looking for some good exchanges.
I'll sign up there later and then see which stock exchange i continue to use.
I am already busy the last few days looking for some good exchanges.
I'll sign up there later and then see which stock exchange i continue to use.
You have done a fairly detailed description.
But I would add a note about Etherdelta.
- Several times this exchange has been attacked by hackers. Some people lost money.
- the exchange owners changed.
- there were some problems with the withdrawal of money.
In my opinion, newcomers should understand that there were many problems with this exchange and it is necessary to be more careful.
But I would add a note about Etherdelta.
- Several times this exchange has been attacked by hackers. Some people lost money.
- the exchange owners changed.
- there were some problems with the withdrawal of money.
In my opinion, newcomers should understand that there were many problems with this exchange and it is necessary to be more careful.
the main criteria that should be considered when choosing a trading platform are: -Reputation (before, to raise funds for an unfamiliar exchange, it is better to read reviews about it on forums such as bitcointalk or Reddit); -Commissions (each time buying and selling digital currency, the user pays a commission fee to the Exchange, it may differ on different sites, but on average it is 0.2%);-the number of trading pairs (some users prefer to trade high-liquidity cryptocurrencies from the "top-10", others - volatile and less liquid altcoyins).
Do not be surprised by what you mentioned above. There is no denying its usefulness to the newcomers here, but to me, it does not work. But I still give you 1 merit, this is an incentive for you.
Binance, Bittrex, Cryptopia, Kucoin, Idex - I trade only on these exchanges. And already used and everything suits and is very convenient. And there were no problems yet.
This is so interesting and helpful. How I wish I came across this about two weeks ago before I made my first trade. I traded on forkdelta and I was wondering why the biddings were so low but now I know.
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