any crypto exchange will have klm rules that will limit unverified client for how match can they withdraw.
i this the bast selection is binance that allow up to 2 bitcoin per day and you don't to verify.
Topic: How to determine a good exchange site? (Read 272 times)
Like what the majority of people here have said, going with what the existing community agree's on as trusted is a good start.
I personally started with Kraken, then branched out to Gdax/Coinbase, and Binance, to this day I've not had any problems with any of those three.
This wont really help you, but it is important information for the crypto-newbies, regardless of the popularity of the exchange you are looking into, there seems to always be some negative comments, with some exchanges being extremely polarizing, so it is important to do your own research into whatever exchange you wish to use.
I like to use the exchange section of CryptoCompare to read up on some exchanges, link is here
I personally started with Kraken, then branched out to Gdax/Coinbase, and Binance, to this day I've not had any problems with any of those three.
This wont really help you, but it is important information for the crypto-newbies, regardless of the popularity of the exchange you are looking into, there seems to always be some negative comments, with some exchanges being extremely polarizing, so it is important to do your own research into whatever exchange you wish to use.
I like to use the exchange section of CryptoCompare to read up on some exchanges, link is here
Well, there are a few things to look at to find the best exchange:
1. What you need? Some sites allow to trade coins, others only buy or sell.
2. Where are you located? Not all exchanges work everywhere and it’s better to choose a reliable international site or your local merchant with clear rules.
3. Can you trust it? Good exchanges store currency on cold wallets, offer 2FA and 24/7 support.
4. What coins you want? Different sites support different currencies, be sure that the chosen one supports all desired coins.
5. How much you are ready to pay? It’s about accepted payments and fees.
There are a lot of options, which are really reliable (gdax, kraken, coinmama, binance). As for me, I prefer cex as it works with cards. Though fees are quite high so you better check if you can do with them - https://www.katiewager.org/cexio-review.
1. What you need? Some sites allow to trade coins, others only buy or sell.
2. Where are you located? Not all exchanges work everywhere and it’s better to choose a reliable international site or your local merchant with clear rules.
3. Can you trust it? Good exchanges store currency on cold wallets, offer 2FA and 24/7 support.
4. What coins you want? Different sites support different currencies, be sure that the chosen one supports all desired coins.
5. How much you are ready to pay? It’s about accepted payments and fees.
There are a lot of options, which are really reliable (gdax, kraken, coinmama, binance). As for me, I prefer cex as it works with cards. Though fees are quite high so you better check if you can do with them - https://www.katiewager.org/cexio-review.
I think the best option now is Binance and Bittrex. Binance is quite easy to use, simple interface and easy to use, high security. Bittrex supports more coins than Binance. But for me, I like Binance
Do not hurry yourself to get involved into the trading market first, you should research more about the risk first and know more about the technology and ICOs in the industry, more knowledge for you to learn from!
Thank you so much for you guys information!!! Tho it really take times for me to learn more about it. I will try my best !!!
There are so many exchange, the most popular ones are Bittrex, Binance and poloniex. You can as well use the others ones to trade your token. Always remember, never leave your coin on exchange especially the not so known exchanges. Transfer your coin to your wallet.
Too many exchange sites..... Got no idea on how to start with the trading..
THANK YOU aywing for this question. We've got one tip for you! Use the Exchange Finder here: https://www.cryptowisser.com/
It lets you answer 6 questions and then you are matched with the exchanges that suits your needs. Choosing an exchange will never be difficult again!
All the best,
Cryptowisser
If you want an exchange to trade, then I recommend Kukoin or binance. their interface is good for beginners,withdrawal and deposit with other crypto coins is very fast and they are reputable too.
All people have different proportion about good exchange.
for me, good exchange is
1. Huge trading volume
2. UI&UX website
3. Customer service
4. WD proccess
5. Secure
for me, good exchange is
1. Huge trading volume
2. UI&UX website
3. Customer service
4. WD proccess
5. Secure
you can observe all sites, if there is the one that will help upu the most. then go ahead. you can search through Internet, and ask some friends if they have experince about this.God bless!
you can search for recommended exchange. after that you can search on youtube how to trade on that exchange. that's the first thing i do about exchange, every exchange has a different feature though its similar way
I asked my friends which exchanges they use and why. Than I checked some of them on reddit and other forums, read reviews and than I choosed Binance. For first time avoid small ones, they tend to "disappearing" 
Too many exchange sites..... Got no idea on how to start with the trading..
I've had good experiences with Bittrex, Binance, Hit-BTC. And for me personally, etherdelta it's decentralized but has had some hack issues. I haven't had any security issues with any of them. Also, don't forget to use your 2 factor login. (2fa).
Oh goodness etherdelta will be nightmare for for a newbie. I would suggest he/she first watch some youtube vid's because its really confusing in the beginning. Just my two cents
Wherever you trade, start with small amounts until you're comfortable with the process from initial deposit all the way to withdrawal of your destination funds.
Best advise! And read around, bad news and service travels very fast.
Too many exchange sites..... Got no idea on how to start with the trading..
I've had good experiences with Bittrex, Binance, Hit-BTC. And for me personally, etherdelta it's decentralized but has had some hack issues. I haven't had any security issues with any of them. Also, don't forget to use your 2 factor login. (2fa).
Personally, I would first narrow it down to the long running ones, check out their reputation and scam accusations, and only then will I consider the fees and other factors. Even if I find one I'm quite happy with, there's no way I'm trusting it with a significant amount of coins.
But yeah, all you really need is some patience and Google. Plenty of exchanges have threads in Bitcointalk too, so I would also recommend checking them out to see how they interact with customers.
But yeah, all you really need is some patience and Google. Plenty of exchanges have threads in Bitcointalk too, so I would also recommend checking them out to see how they interact with customers.
I would say that usually biggest exchanges are the most secure one's, but at the same time they are the biggest targets to hackers and phishers.
If you really want to find a secure exchange - you should follow the exchange's social media and you may see which exchanges care about their users and which do not.
If you really want to find a secure exchange - you should follow the exchange's social media and you may see which exchanges care about their users and which do not.
Here's my own case.
I started with the popular exchanges like Binance and Bittrex. These two includes many options between BTC and Altcoins. A month later I also opened account on Poloniex, after reading about reviews on online groups, and from my friends. Additionally, I also went to smaller exchanges like KuCoin for trading some new ICO tokens.
As new traders, I don't think we should trade on too many exchanges, especially when we have limited budget. So, just do your own research and pick up a couple that you like and trust (hopefully) the most. When getting more experience, you'll know which exchanges to participate or simply drop.
A couple of words, hope that gives you some clues.
I started with the popular exchanges like Binance and Bittrex. These two includes many options between BTC and Altcoins. A month later I also opened account on Poloniex, after reading about reviews on online groups, and from my friends. Additionally, I also went to smaller exchanges like KuCoin for trading some new ICO tokens.
As new traders, I don't think we should trade on too many exchanges, especially when we have limited budget. So, just do your own research and pick up a couple that you like and trust (hopefully) the most. When getting more experience, you'll know which exchanges to participate or simply drop.
A couple of words, hope that gives you some clues.
Too many exchange sites..... Got no idea on how to start with the trading..
The best reference you can take is those exchanges who are still standing strong up to today and already built a good reputation on the crypto exchanges world. But remember that even how reputable exchanges is, still not an assurance that you will have a good experienced using them so take the reference mentioned to minimize your worries.
I don't want to suggest any exchanges because I want you to choose based on your own preferences. You can also take notes of the future suggestions here then test it on actual to see if it will meet your criteria.
Hitting your favorite search engine will also help you to choose. Goodluck.
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