Topic: How to choose the right exchange? - page 6. (Read 879 times)
I adjust where the coin works with the exchanger and I see the sales volume of the coin. so choose the exchanger can not be picked carelessly and must be chosen carefully for the coins that we piih but can be sold or bought with a good price.
What exchange do you buy/sell your cryptos? What is the best? How have you chosen the one you use?
Of course, we want not to be scam nor we don't want to loss our money in just a single click. A lot of newly created exchanger which could make us doubt of it's capability and but it could give us a lot of options which one are offering a low and high price.But if you're really new in crypto, you better choose the old existing exchanger because they trusted for so long and many people are using it.
The best exchange should be charging lower fees, carefully look at these as they differ across the board.
If you want to choose the right exchange, you have to know what is the advantages and what is the disadvantages of that exchange and choose the one that fit with you.
You should consider a number of parameters to judge and find out the
best Bitcoin/cryptocurrency exchange:
- Witch country you are in?
- How safe is the website and server? Secure exchanges are better.
- High liquidity.
- Transaction fee structure of the exchange like fixed fees, percentage
- fees and spread.
- Whether exchange provides transparent data of coins transactions, prices,
and volumes?
- How many and which currency pairs are available to trade Bitcoin, for
example USD, Euros, and other fiat /government issued currencies, or
Altcoins?
- Multiple options to buy Bitcoin like PayPal, credit card, etc.
- Are customers happy?
- Beginner-friendliness.
- Good user ratings.
Here's some of the top exchanges:
- Coinbase
- Bittrex
- Kraken
- Bitfinex
- Coinmama
- Localbitcoins
- Gemini
- Bisq
- Cex.io
New one (I havn't tried it do) USA only
- Robinhood App (Customers in California, Massachusetts, Missouri, Montana and New Hampshire states only)
Zero bitcoin fees
best Bitcoin/cryptocurrency exchange:
- Witch country you are in?
- How safe is the website and server? Secure exchanges are better.
- High liquidity.
- Transaction fee structure of the exchange like fixed fees, percentage
- fees and spread.
- Whether exchange provides transparent data of coins transactions, prices,
and volumes?
- How many and which currency pairs are available to trade Bitcoin, for
example USD, Euros, and other fiat /government issued currencies, or
Altcoins?
- Multiple options to buy Bitcoin like PayPal, credit card, etc.
- Are customers happy?
- Beginner-friendliness.
- Good user ratings.
Here's some of the top exchanges:
- Coinbase
- Bittrex
- Kraken
- Bitfinex
- Coinmama
- Localbitcoins
- Gemini
- Bisq
- Cex.io
New one (I havn't tried it do) USA only
- Robinhood App (Customers in California, Massachusetts, Missouri, Montana and New Hampshire states only)
Zero bitcoin fees
Number one rule is to study a group of exchanges and see the ones that have never been attacked by hackers.
Hacking is inevitable. But if proper steps are taken, it may slow down the process. But you can't blame the exchanges if they fail to do so as they are humans too and can make mistakes(not talking about those shitty exchanges where they stage a hack), though it is their sole duty to keep the funds secure.I started with coinbase, then gdax, then tried the usual famous bitterex and hitbtc.
Nowadays I use mostly asian exchanges like binance or huobi, the reason:
- more coins
- new coins released frequently
- better fees
- many new contests happening
I don't like the fee system in binance. You will be charged more if you don't use binance to pay for your fee - pffft. And their withdrawal fee is more horrible than their laggy interface. I know its a good exchange but they should take steps to fix those. Nowadays I use mostly asian exchanges like binance or huobi, the reason:
- more coins
- new coins released frequently
- better fees
- many new contests happening
What exchange do you buy/sell your cryptos? What is the best? How have you chosen the one you use?
Here is what you should look for in an ideal exchange:
1) Security: The most important aspect to look after is if it is using standard security practices or not. You must have heard about numerous exchanges being hacked and investors having money there loosing all their investments. Thus, this is the most important feature to look for if you want to keep your precious bitcoin investment safe.
2) Customer support: Next aspect to look after is customer support. Suppose, one of your payments gets stuck and you are unable to contact the support for days. It can be very frustrating and thus you should check this beforehand. This can be done by sending them some inquiries before registering and seeing response time.
I started with coinbase, then gdax, then tried the usual famous bitterex and hitbtc.
Nowadays I use mostly asian exchanges like binance or huobi, the reason:
- more coins
- new coins released frequently
- better fees
- many new contests happening
Nowadays I use mostly asian exchanges like binance or huobi, the reason:
- more coins
- new coins released frequently
- better fees
- many new contests happening
The thing that I'm looking for on the exchanges are : Ease of use of it and it has user-friendly interfaces,The payment methods or the fees that is involved for buying and trading cryptocurrency,It has a good and fast customer service whenever theres a trouble on you trades,A very welcoming community and the most no. 1 thing I'm looking forward on exchanger is the security of it because almost all of the that you won't want to happen to you is being scammed or subjected to fraud and hacked by another user. My top picks exchanger are: Binance,Etherdelta(but it always down or having maintenace issue),Bittrex,KuCoin,Bitfinex,Idex. It is up to you on where do you want to start trading in those said exchangers.
I started with coinbase, then gdax, then tried the usual famous bitterex and hitbtc.
Nowadays I use mostly asian exchanges like binance or huobi, the reason:
- more coins
- new coins released frequently
- better fees
- many new contests happening
Nowadays I use mostly asian exchanges like binance or huobi, the reason:
- more coins
- new coins released frequently
- better fees
- many new contests happening
i prefer hitbtc because you can deposit your tokens or eth very fast and it is easy to use and the orders are good
There is some good advice already here , just pick one of the popular ones , binance for example. You will find people with problems with almost every exchange , but at least pick one where the owners are known. And never keep your money on an exchange longer then necessary.
you are right about not keeping money on an exchange, although it happens very often. it's time consuming to trasfer money from exchanges to wallets right after the transactions. and can't miss to mention about the fee on transactions.. so yes, ideally it's very recommended not to keep your money on exchanges, but in reality it happens all the time with almost all the people))) unfortunately
There is some good advice already here , just pick one of the popular ones , binance for example. You will find people with problems with almost every exchange , but at least pick one where the owners are known. And never keep your money on an exchange longer then necessary.
What exchange do you buy/sell your cryptos? What is the best? How have you chosen the one you use?
to choose a good exchange market you can see the websites and trading volumes they have, if the websites they have are good and all functions run smoothly and have a very high daily trading volume already on make sure the exchange market is very good, for example is bittrex.
You don't want to give away the control of your coins to a third party, never store coins on centralized exchanges long term, I can recommend Bitshares https://wallet.bitshares.org/
What exchange do you buy/sell your cryptos? What is the best? How have you chosen the one you use?
to choose a good exchange market you can see the websites and trading volumes they have, if the websites they have are good and all functions run smoothly and have a very high daily trading volume already on make sure the exchange market is very good, for example is bittrex.
Volume and no shady moves like what bittrex did which is forcing verification.
What exchange do you buy/sell your cryptos? What is the best? How have you chosen the one you use?
In my experience you cannot know the best exchanger that only thing that you need to consider is are they a scam exchanger to pick the right i guess you need to research for the top exchanges but something even the top exchanges something scam your investment like what happened to me personally i lost my deposit in a exchanges that i already have a trust but what exchanges that i can recommend is polenix,bittrex,hitbtc. But still need to be careful.
It is disappointing but many exchanges are proving to be problematic at this time. While some are probably suffering from huge demand and scaling issues, others it seems are either badly run, or worse. I think exchanges will be very much in focus this year - and perhaps not in a good way.
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maybe it is not about the right exchange because I believe that every exchanges is good enough to start trading. the point is we can do trade with good, no delay time when placing the order, feel comfortable to stay at the exchange and there are not too much maintenance on the site. I think I still stay at poloniex, bittrex, binance, and sometimes I use kucoin, yobit, hitbtc and so far, I don't have any problem with them and I can do trade with easy and feel safe.
There are a lot of recommended exchanges by bitcoin users here in forum. A lot of them has a different prices, and it's all legit and tested. For me im using etherdelta, I choosed it, because I am more comfortable on it.
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