Topic: How to choose the best exchange service and save your time? (Read 304 times)

Wow, you must really have been lucky, because this method of using intuition to select projects has not always worked that much for people, because the best way to really get the best of what we want from most projects is to do thorough research on them and for exchanges, after I check them out to be sure they will be up to the task.

I also look at their volume and see that I can get my trades done on their site as quick as possible, because fastness is also important in this industry to be able to get a quick turnover, that is why will always stick with my Binance no matter the circumstances.

It is not as easy as just choosing an exchange and trade and that is it! You have to consider many things like national laws of trading overseas, national laws of KYC and information and meanwhile still being able to do it in a right time frame that the price doesn't change.

You can take advantage of the arbitrage numbers here and there if you have multiple bank accounts in many countries and already opened a lot of exchange accounts and shared all your KYC information, if you did that already than this is for you but if you have not it is not going to help you as much as you think it would. I had a friend who had bank accounts in china and of course in our country and he did arbitrage all the time which helped him made profits out of nothing, this would be perfect for people like him.

To be honest, I choose the best exchange by my feeling because I already have experience in a good exchange and bad exchange, so my feeling will say that one exchange will be good to trade.
And if I already feel comfortable to trade in that site, it's hard for me to moves to the other site because I need that feeling of comfortable to trade so I can be able to make a profit.
Maybe you can feel this too, and you already choose the right exchange, and you don't have any problem with that.

The features are quite confusing yet they offer a good service. It might lessen the problem of traders on choosing an exchange. I personally use Binance, Bittrex, and Hotbit since I find it more secure. I would prefer to trade on top exchanges with a good reputation. I based it on their reviews before.

Actually i personally use Bittrex & Hotbit exchange. They seems user friendly to me. I think you can easily use this exchange service. These two exchange are famous also. You can search on google & find more information about them. Hope it was helpful. 

Honestly I just heard this bestchange, I mean I didn't know that there's something like this that's tied to exchange sites.
Well I must say I'm a little impressed though the interface is quite not beginner friendly like you don't know what should I click to start the feature. Sorry for the ignorance tho and will be better if you guys will create an article on how to use your platform so it will be easier for beginners to familiarize.

Just my thoughts.

Choose exchange that really offer high security feature and they has program to protect fund for all user. Currently only Binance that has SAFU program that give more security for fund of each member. Others exchange should be follow the program of Binance so incase they get big problem like hacking, they can guarantee to recover loss of all user.

To save times in trading we have to choose exchange that have feature that we can use to set stop loss and take profit at the same time so when the price going down will be automatically sell and when going up also will be automatically take profit.  And my choice is Gate.io because this exchange has price condition order to set stop loss and take profit at the sametines.

So far i used alot of different exchange and all of them is trusted, and if we want to get better liquidity in trading we have to use exchange that has high trading volume, and to minimize the risk from high volatility, we should use exchange that offer feature of stop loss.

Binance's Exchange Platform might be the best one so far, compared to other centralized exchanges that I used before.
I am quietly happy with the overall fees and Eth/Alt where I focus on is having a decent daily volume.

Agree with Bennix. That is how one should choose an exchange. But also I would like to add that it's also important what payments methods are accessible and what fees are charged. For instance, CEX (https://cex.io/) has recently lowered their fees for using Visa and Mastercard – it looks attractive for starting trading there.

One should watch if the exchange he aims to use has cold storage, high level SSL encryption and authentucation.
I pointed these things out because cold storage ensures huge amount of coins are not hacked when stored offline.
One should focus on how customer support of the exchange respond to ticket being submitted,meaning one should watch the customer support to see if they are caring or not.
Each and every trader should analyze the coins/token traded on exchange meaning many have lost huge amount of money because the exchange they are using listed many shit coins with no liquidity and no significant use case.
Finally,each trader should choose exchange by watching the volume of trade it handle ,because exchange with  high volume of trade is good for day trading.
You should also test to see if the trading  features on exchange you want to use are complicated.

Best exchanges are Binance, Bittrex and Coinbase which are well known to all of us due to their friendly and benefited functions and the use of these exchanges are simple and easy to handle especially the Binance. We search for exchanges which are cheap or cost us less for exchange and most of professional traders look for large volume exchanges and finally they choose Binance for their exchange.

For exchange i prefer to the top 10-30 from Coinmarketcap with a good volume of transaction, in other way to sell new coin or token i would like to choose Yobit/Mercatox or Okcoin the volume is not so bad, beside they also sometimes available to withdraw with low fees coin such as ETC

But so far, im good at Okex, Bittrex, Coinbene.

Why is it that I've just encountered now the site that you are promoting?
If it's the best exchange service, I should have at least heard it as I've been in crypto for so long already.
And been using like cryptopia, polo, bittrex, and other known exchanges.
Or maybe, you are catering different region, which, I'm not a part of.
But for me, I need to stick to established exchanges.
But, for some coins that need to do fast trading, I use lesser known exchanges and whatever I got, I immediately send it to my trusted exchange.

Below are the points which i always keep in mind while choosing exchange and trading:
24/7 Markets
No Pattern Day Trading Rule
More Volatility
Start Banking on Cryptocurrencies
Setting up your account, wallet, and getting ready to trade
The best trading strategies to maximize your odds of making profitable trades
Trading BTC, ETH, and other Altcoins
Risk Management
And much more

Everyone have their own set of criteria. So check yours.

I'm from Europe, we have a BestChange website, it automatically sorts the best exchangers

Hello!
It's mostly not for trading but for final exchange in easy and fast way.

This transaction site looks prestigious but I really do not understand what they say. The charts and rates are understandable, but I do not know how to trade. Can you guide me to use this site? I really need a mentor to understand how to trade and access new news. Thank you so much and hope you will answer me soon.

For me it is not exchanger that matter most but the strategy of a trader on how to win even the situation is in mess. Skill is better than that we only use big exchange to entertain the whales but the truth is that we need skills and knowledge about it for us to win.

In choosing the best exchange service and save your time will always be depend on your belief in the platform. Always look at the volume market does the trading platform has like Bittrex, Kucoin, and binance. Observe these trading platform then check the volume market it has.

Here is the best option that works perfectly!

Hello guys!

You must be in trading and do daily exchanges? Use different pay services and cryptocurrencies?
Anyway, if you are an experienced user you don’t need to lose money and use unprofitable exchange rates and waste your time because it’s not easy to find a good exchanger.

Now you have a chance to forget about financial loses and long-term searches because you know about www.bestchange.com.
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Besides, we are always ready to help you and answer your questions.
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