Topic: How to choose the right exchange? - page 8. (Read 879 times)

I find myself very very secured using Poloniex, had up to 5 BTC in there and never faced one single problem with them.

Hi there Bit4UTeam! There are different strengths, weaknesses and features of exchange to be considered before one could tell which is the right or not preferred. Based on fee, I personally prefer cex.io it offers the lowest fee than others, and the more you trade the more the fee could go lower. Another one I prefer is bitrex, it consist of several coins that you could possibly trade. If you are looking for a coin that is new to the market you could found it there. And lastly bitfinex, it always top in the bitcoin volume trading. 
 

It is up to you to decide which exchange websitesite or platform suits you best.
Generally, it is best to trade on the most secured website like Bittrex, Poloniex, Binance... that if you are gonna invest large amounts of money because such exchanges require identity verification and usually transactions fees are high.
If you are going to do daily trade, you have to try different exchanges because new coins (where the profit can be very interesting) usually get listed first on small exchanges.

For me im using Binance. It is secured and very safe to exchange.

I think every exchange is the same, the matter is how good you are in trading and how good you pick the good coin and how good you analyze the coin to make a profit. but if you said that "A" exchange is the right exchange but in the fact, you cannot make any profit at all, then the problem is not the "A" exchange but yourself because you missed many times to make a profit and you don't learn anything while you are a trade. so it is not about the exchange but how good we are doing trading and how much profit we can make per daily, weekly or even monthly.

When Choosing the best bitcoin exchange you first need to know the Basic information such as the location of the exchange, the name of the founder and the market they focus on can be the first step for choosing the Bitcoin exchange. Before choosing an exchange, of course, it’s important to check does it support the trading pairs that suit the user needs. This is especially the case with some altcoins which are offered on only one or two trading platforms.
Poloniex, Livecoin, Kraken are the Exchanges that offer the highest number of trading pairs. OKcoin, Huobi, Coinbase are the Exchanges with the highest liquidity.

Make sure you first switch over and make sure that your interchange is safe and reliable. Knowing how to buy bitcoin is an essential first step in getting started with the digital currency. However, knowing which bitcoin exchange to choose can be one of the most important first steps. Since you will be investing your funds into bitcoin and the exchange from where you buy them, making sure you are choosing the right one becomes critical.

Just do your research on all the top exchanges & choose the one that suits you best. Personally, I highly recommend using Binance for a multitude of reasons:

1. Great customer service - I've never had an issue using the site but I've witnessed that the staff are highly communicative with the users & attend to anyone's problems really quick. This is quite refreshing for a crypto exchange. I stopped using Poloniex after I had an issue with a withdrawal the took 4 months of constantly following up to finally get my support ticket responded to  You'll never face such issues with Binance.

2. Low fees - Binance trading fees are one of the lowest at only 0.1% & if you use their BNB coin to pay the fees you get a 50% discount so it'll only cost you 0.05%

3. Binance pay GAS - Holders of NEO earn GAS, but in order to claim your GAS you normally need to hold your NEO on you own wallet which you hold the private keys for. BInance is one of the only exchanges which will actually pay you your GAS (calculated on a daily basis & paid out once a month).

4. Binance give you access to forked coins - With all the BTC forks that have been going on, you normally have to keep you BTC off the exchanges to claim, but Binance take a snapshot of your holdings & give you access

5. Quality & Quantity of coins - Binance provide a lot of coins that aren't available anywhere else & they add new coins on an almost daily basis. They have a quite rigorous screening process so they don't just list any old crap either. They often list high quality newly founded coins soon after their ICO's, before many other excanges. In fact, they sometimes host ICO's directly on their own platform, like they recently did with Bread (BRD).

6. Growth & expansion - Binance has only been around 6 months but in that time it has grown to be one of the most popular & widely used exchanges. In fact, at this moment in time it actually ranks as #1 globally for 24hr trading volume: https://coinmarketcap.com/exchanges/volume/24-hour/

7. Ease of use - Binance can be used in mulitple ways: through your web browser, through their downloadable PC client as well as android & IOS mobile apps. They also provide basic & advanced trading views so the user can tailor their user experience to what suits them best.

I actually have a referral code for Binance, so if you're interested in checking it out I'd be really grateful to anyone who decides to use it: https://www.binance.com/?ref=10189628

Oh & if anyone has any questions regarding the exchange, feel free to ask & i'll help however i can I'm not affiliated with the exchange in any way but i've been using it on a daily basis for 5 months so I know my way around it quite well by this stage

It's good to use a bittrex case just big enough for it and legit it and make sure you do not lose your money for it because you get your money too quickly for when you withdraw your money here, and in poloniex also it's legit because it lasts the process and the fee is low for it but for sure bittrex is my choice because the graphics are better for it.

Choose exchanger from one of the top one. Looking it wheater they have the service that you look for like many coins are there or not.

Depend on you tell us requirement so we can help you to choose the right exchange ...


personally use coinbase for hold bitcoin .. for trade use bittrex sometime i change the exchange if the coin not available on bitrexx like ETN , fot ETN i use cryptopia 

choose the exchanger that have a right customer care so that is the right direction to have a good exchange or else have a good income because of the right exchange.

i only choose exchange sites that ive already use before, like hitbtc, etherdelta and poloniex, although these other site ive mentioned have an issue before, i totally trusted these sites, no one exchange site are perfect and not hackable, ive experience before that one of these site i mentioned got stock/pending my withdraw in almost a week, so i decide to make a review on that site that soon to become scammer, but before i made that decision, my friend tell me that the site are fix now, so i contact the support and then my problem will fix. so for me i truly trusted these sites and i proudly recommend this sites to the other investors and traders for more better profits result.

You can start on a local exchange where your country stands, so far the exchange we use is bittrex, hitbtc, poloniex and etherdelta, for daily trading
Basically a market that has more value in bitcoin society is bittrex, which has stood for quite a while with crypto

If you have a large amount of coins, then I had suggest to distribute it across 2-3 exchanges. In case cryptocurrency, putting coins in one exchange is like having "eggs in 1 basket". Remember, MtGox was the biggest exchange before it shut its operations unexpectedly

bittrex and poloniex still. but both of it not accept new tokens that created from ICOs for now.maybe HitBTC and liqui is good to pick. but not all cryptos listed in there

Don't use bittrex I have my coins locked there for some reason sent few tickets no replies waiting like a week now, binance would be place to go. If he needs exchange with most altcoins or shitcoins since many call I'd suggest cryptopia they turned out to be a good exchange from my personal preference and experience. Don't use poloniex so I don't know how good they truly are but they have big volume that's for sure

Try to choose the top ranked exchanges. Most large exchanges have better reputation. There will be no cheating behavior. Now P, B and hitbic are all good.

i was using crytopia before and its good but this time iam using free wallet for crypto as wallet and the good thing here in free wallet i can easily exchange my other crypto into another crypto with low exchange fees. for example i like to exchange my ethereum to bitcoins from my free wallet to my coins.ph its only 0.00084eth only is the exchange fees its less than 5k satoshi... i was using this wallet for 2 years more now...

Actually your main objective should be to find such an exchange that can help you to make secure transactions and thus your bitcoins would be saved enough. Plus the most impressive factors that is trending now is the exchange that offers you little and the minimum transaction fees. This is serious issue and many exchangers just cost you so much. So decide Bette for you.