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Topic: How to pick a trading platform? (Read 808 times)

full member
Activity: 420
Merit: 100
May 06, 2019, 03:55:01 AM
#69
Hi I am just new in trading I just want to know how do you pick a trading platform? I am so confuse on how to pick a nice trading platform also I want to know what coin should I start to used for my trading.
 
As a newbie you can't really avoid being discombobulated what to pick. It will be better if you make your own research because we have different things to consider and because  there are different trading platform and you have to choose a better one like darb exchange, it is a good trading platform that has demo account that can help newbies to trade well. It support different cryptocurrency like fiat and crypto and that's why I can easily use my fiat to buy cryptocurrency. Since you are newbie you also need to look for a safe wallet and the good thing about this exchange is that you can use it as a crypto wallet and it has high security level so you can assure your assets and funds are secured from hackers. You need to learn a lot of things especially on how to cope up in the market but I know that you can easily gain knowledge especially when you are really determine to earn from trading, since trading ain't that easy you need some skills and knowledge as well as experience but you don't have to rush things because learning takes a lot of time.
hero member
Activity: 2772
Merit: 645
No dream is too big and no dreamer is too small
January 27, 2019, 06:58:08 PM
#67
Hi I am just new in trading I just want to know how do you pick a trading platform? I am so confuse on how to pick a nice trading platform also I want to know what coin should I start to used for my trading.
 
I choose an exchange platform based on a lot of factors especially the support from potential developers. In particular, these developers attract potential users. Besides, these potential users will help you attract more users to use your platform.
It eventually work well when there is a huge volume on it,  as it is more attractive cause it usually the price is more higher than of the others. Do the team must be pro active and the queries must be address immediately and the action needed.  If that is missing,  it surely traders won't particularly live it and never risk their money on there.
full member
Activity: 618
Merit: 100
BBOD The Best Derivatives Exchange
January 27, 2019, 01:12:38 PM
#66
Hi I am just new in trading I just want to know how do you pick a trading platform? I am so confuse on how to pick a nice trading platform also I want to know what coin should I start to used for my trading.
 
I choose an exchange platform based on a lot of factors especially the support from potential developers. In particular, these developers attract potential users. Besides, these potential users will help you attract more users to use your platform.
full member
Activity: 1292
Merit: 101
Vave.com
January 27, 2019, 12:55:55 PM
#65
Hi I am just new in trading I just want to know how do you pick a trading platform? I am so confuse on how to pick a nice trading platform also I want to know what coin should I start to used for my trading.
 

It's so difficult actually to choose a platform as a new .I think there are many things to know as well  related on the market .At first you just try to know the market and how it works after that you will start trading gradually .However  there are lots of market here and there on base of crypto . I just trade on high volume and centralized market . I can suggest you to see the centralized market . I think at first you can trade on top ranked coin that helps you to understand the whole think easily.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
January 27, 2019, 11:24:45 AM
#64
Binance looks to be the most popular exchange among traders.  They have a very large selection of cryptos, low fees, and are considered trustworthy by most of the community.  You can even use Binance coins for lower trading fees.
We do read and heard about this exchange and coming from people who usually deal with this business, binance really got a job well done from this field, most of the traders looks for securities they are concerned about potential issue that may occur and binance got the edge having advance solutions and
offer assurance that's why they've attract more traders to use their platform.
hero member
Activity: 1218
Merit: 534
January 27, 2019, 10:56:44 AM
#63
Binance looks to be the most popular exchange among traders.  They have a very large selection of cryptos, low fees, and are considered trustworthy by most of the community.  You can even use Binance coins for lower trading fees.
jr. member
Activity: 422
Merit: 9
January 27, 2019, 10:30:10 AM
#62
There is a so many good trading platforms and bad trading platforms.All trading platforms are hackable.So if you willing to be a day trader start with small amount of BTC and rest must move to a hardware wallet.if you willing to be a hodler,move your all coins to a hardware wallet after the purchasing  Smiley
Yeah it's very very important for mid and long term traders. Cause if we keep our coins on exchange for long time then we may lose our coins by hackers.
full member
Activity: 644
Merit: 101
January 27, 2019, 06:40:05 AM
#61
Many case of exchange get hacked so we have to use exchange that really can guaranted our fund is safe, currently only Binance that was create SAFU program, Secure Asset Fund for Users (SAFU) will protect all users of Binance incase there are any hack or others incident. Hopely others exchange will create the same program to give better high security  to all crypto community.
sr. member
Activity: 588
Merit: 257
October 27, 2018, 06:51:03 AM
#60
you basically choose a trading platform that has not scammed anyone YET and pray to god that when they start scamming people you detect it fast and are capable of withdrawing before you lose everything you have on that exchange. because they will eventually scam you.

Literally died laughing when I read this one, and yet I am replying here. LOLZ.

Yes off course this is major concerns these days, the safety! It is very important that one should be having good platform with security measures taken for the safety of our funds. Now anyone trading on the exchanger with good amount is always fearsome because you are literally giving away your money to the exchanger when you place your trades. There is no way to recover them if something bad happens, like hacks, scams etc. You dont own private keys over there so you have to be cautious about it always.

Another approach is, volume, prices, number of coins and market cap for the exchanger should be in good standing position.
full member
Activity: 470
Merit: 102
October 27, 2018, 05:57:03 AM
#59
maybe you should be able to learn how to trade well and correctly. You might be able to study it in several media that can give you directions along with pictures or videos so that the lessons you will get will be clearer and you can determine your own method for good and right trading.
sr. member
Activity: 1120
Merit: 256
October 27, 2018, 02:58:35 AM
#58
Hi I am just new in trading I just want to know how do you pick a trading platform? I am so confuse on how to pick a nice trading platform also I want to know what coin should I start to used for my trading.
 
Look on their volumes everyday, look on the highest exchanges such as binance, huobi, okex and kucoin. Look at the chart and study it. You must be knowledgeable about choosing coins.
true because in trading if you still have little knowledge it will be very difficult to choose a good and high-potential coin. so in trading, never choose a new coin because it has a big risk
legendary
Activity: 1316
Merit: 1145
October 27, 2018, 02:34:56 AM
#57
I personally use markets with centralized platforms. because it receives lots of coins and tokens. while the platform is decentralized, I only see tokens traded. in my opinion the current centralized market is still very good for making profits. because it supports almost all crypto. especially in large markets. I trade on bittrex, hitbtc, coinbene, kucoin. please choose it.
member
Activity: 476
Merit: 10
October 26, 2018, 09:07:17 PM
#56
There are a thousand trading platform on the market,  each trading platform offer 2 different kind of trading,  that is spot and leverage trading.  For beginner trader we should be first learn about spot trading and avoid margin trading. Many trader more easy to make profit in spot trading because the risk is lower.  To trade on spot market we can jump in to crypto and stocks trading.
sr. member
Activity: 812
Merit: 251
October 26, 2018, 03:58:11 PM
#55
Probably, I think this will depend on you, for so many exchanges here in crypto trading you can use any of it.
But you need something to remember and to consider it first before entering the exchange which is it should be legit
 well establish in the market as well here read this this might help you in choosing the good exchange
https://coinmarketcap.com/rankings/exchanges/ Wink
full member
Activity: 630
Merit: 100
October 26, 2018, 03:37:57 PM
#54
Choosing a trading platform otherwise known as exchange shouldn't be difficult.  The ease at which you trade and your comfort should be able to help you identify the exchange that will suit your trading and your style!
copper member
Activity: 322
Merit: 0
October 26, 2018, 03:01:38 PM
#53
Hi I am just new in trading I just want to know how do you pick a trading platform? I am so confuse on how to pick a nice trading platform also I want to know what coin should I start to used for my trading.
 

In any case, you need to take the exchange where mostly liquid coins! Because if you are a beginner, you will just go crazy from such trading when orders are hanging all day long. Also look at the security what protection is offered. And importantly, it is the volume!
full member
Activity: 618
Merit: 100
BBOD The Best Derivatives Exchange
October 26, 2018, 01:05:03 PM
#52
To select a good trading platform, I usually look at the platform that the trader uses and whether it is of interest to Altcoin developers. When a good exchange platform attracts trader, and developers are eager to list their altcoin on it.
full member
Activity: 484
Merit: 100
October 26, 2018, 01:18:04 AM
#51
You can choose the exchange as Huobi, binance or okex to make the transfer because these are the largest trader exchange traded today. But before making the first transaction, you need to own Bitcoin to make the deal you want as it is the most popular currency in the Cryptocurrency.
hero member
Activity: 2730
Merit: 632
October 25, 2018, 04:43:25 PM
#50
For 3 years of trading, I tried a huge number of exchanges. From my experience I can say that it makes sense to trade on many exchanges, because each is used for its own tasks. But if you need a full-fledged trade with shorts, then I would advise Bitfinex.
Have the same experience with you which I had already experienced on using up several exchangers which I do find out which one would suits me up but one of my criteria is always look out for the top ones because it already signifies that the community do supports it rather than on using up a trading platform which isn't really famous or reputable at all.They almost had similar function but there are features that you can find into others that you cant find into some.
legendary
Activity: 1624
Merit: 1130
Bitcoin FTW!
October 25, 2018, 03:29:03 PM
#49
I typically try using exchanges that have decent volume, don't require KYC (though I can live with submitting documents, I don't like to do KYC), and also have good support in case there's ever an event where funds happen to be stuck in limbo or something's gone wrong on an exchange. For these reasons, I do a lot of my trading on Binance. Note that some people have reportedly been asked for KYC on the site, so be ready to submit KYC documents if you're chosen as one of the people to verify yourself for whatever reason.

I tend to avoid Yobit as there's been lots of reports of lost funds and wallets being in maintenance for months at a time here. The site is very fishy overall, with their investbox that resembles a ponzi, and I would not recommend trading on Yobit as a result of this.
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