Topic: Looking for active traders (Read 183 times)

Hope you are well aware of pitfalls of all reversible payment processors. I guess we cannot expect any exchange to be including such payment system until they have some locking period especially for these payment processors. It will be like, you may deposit with paypal but you cannot avail that money for next 40 to 50 days. Your money will be under locked mode. After the dispute window get over, your money will be unlocked for trading.

I guess no crypto exchange is doing it right now as it would be an extra hassle for them and getting them no special business benefit other than covering traders who have ONLY paypal/skrill/WU options. Fortunately, a trader from any country may start using crypto payment options more easily compared to paypal hence exchanges may not bother paypal based users any more.

Recently binance enabled this feature and Yobit is doing it for years in the name of yocodes/yobitcodes.

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@OP
You sound like you are studying features to be implemented for an upcoming exchange. It would be much better if you edit the subject of this discussion to more appropriate manner rather than sounding like "you are looking for active traders for tips".

Right subject-line for this topic could be:
* what are features to be implemented for a better exchange
* Features, you are missing with existing crypto exchanges
* Suggestions are welcome to build a dream exchange

One-cancels-the-other (OCO) orders: https://www.investopedia.com/terms/o/oco.asp

Having both a stop order and a take profit order set (without needing margin) makes managing trades much less stressful. I'm not sure why so few exchanges offer them.

These.

An exchange that does not ask for KYC, they'd be surprised how much people are going there if they become trusted. I'm betting for the future of exchange to be the DEX of the ones with a .onion extension exchanges because that at least will make it more anonymous for traders but it's still the trust that matters.

If you want to have 10% spread on every coin and price completely different from prices from other exchanges than it is a good point. Bots are a main liquidity providers and the only reason why price on one exchange is similar to price on another (arbitrage traders with their bots does that).

Points 1 and 2 are mutually exclusive in most countries. You, as exchange, can't store someone FIAT money without KYC.

I would go with:
1- 0$ fee and instant withdrawals between 2 accounts on 1 exchange.
2- better wallet management - f.e possibility to choose base currency (BTC) based on which total balance will be drawn day by day on chart - exchange would calculate other currencies BTC equivalent.
3- auto stacking stackable coins like on binance

I'm against this idea. Not that I am using a bot to trade, but fighting bots implies in a way or another limiting the exchange API features. This would cause more harm than good as api is really important for an exchange because it attracts developers; one of the reasons why exchanges like Binance are successful today is because of their strong api functionalities.

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I would like exchanges to focus more on security, something that most exchanges are lacking nowadays. Also, withdraw fees are too much; reducing them is a big plus too.

Here is a list of what I feel need to be included in newer trading platforms:

1. No KYC system for the lowest tiers. No means no hidden forced KYC as well.
2. Fiat deposits and withdrawals. Even paypal/WU/Skrill deposits and withdrawals would be good.
3. Blocking of bots from using the platform.
4. A good support system is always recommended, cant stress it enough, it is one of the biggest things in this sector. Having a good customer support helps keep your customers in.
5. Early downtime notification system.

List goes one but these few are those that make up maximum problems.

I think big exchanges should now learn from Binance. Binance is the best exchange and has the best interface I have ever used. I especially like Binance's OCO function. This means that we can place orders at a future price and when matching, we can place sell limit and stop orders at the same time. That's the safest way to play and I like it. But many exchanges still don't have that functionality, such as Bithumb or Bitfinex. I think all exchanges should add this OCO function.

Indeed, but you may still got an answer in this board since some experts will also look here. The thing that is missing on the platform is base on what you really want that the platform should have. I'm sure the platform you use have stop loss that you can use to avoid losing so much money. Try to clear what you really want to a platform as an active trader.

This should be in trading discussion because you're want to get attention from great traders. Move your topic to trading discussion

Hi guys,
    I'm trying to find active traders (spot - not margin).

As an active trader, what functionality do you think is missing from your trading platform?


Thanks in advance,
Paul.