What are the things to be considered when choosing the appropriate exchange for

Mahanton

hero member

Activity: 2730

Merit: 632

Quote from: LimLims on September 12, 2019, 11:29:59 AM

Quote from: Greenkarki on March 07, 2019, 01:02:39 PM

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.

I cannot say anything about coinbase, but according to me Binance is the best exchange.
As you asked how you could choose thr right exchange, then i will advise that go by the nost trusted ones.
A exchange should be capable to pay you your funds instantly and i think Binance is expert on it.
Secondly the exchanges should help their clients instantly in case of emergency and that happens with Binance too.
So according to me Binance can be a good choice.

Coinbase do have Coinbase pro and I had experience and no complaints with it but when it comes to their web-wallet then
I do always suggest on using up of Electrum instead when you do withdraw or pulling or storing up your funds for long term.
Exchange wallets aren't advisable and in talk with reputation and accessibility and good UI/UX then I would really choose Binance
among other exchanger even they do suffer some issue in the past but they are doing pretty good atm.

LimLims

sr. member

Activity: 1204

Merit: 272

1xbit.com

Quote from: Greenkarki on March 07, 2019, 01:02:39 PM

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.

I cannot say anything about coinbase, but according to me Binance is the best exchange.
As you asked how you could choose thr right exchange, then i will advise that go by the nost trusted ones.
A exchange should be capable to pay you your funds instantly and i think Binance is expert on it.
Secondly the exchanges should help their clients instantly in case of emergency and that happens with Binance too.
So according to me Binance can be a good choice.

Freddy11

jr. member

Activity: 391

Merit: 1

There are many things that we are required to choose with the exchange we are selecting. However, the most common aspect is to ensure it’s reliable, established and reputed. The worst way is to join random one, which is all but likely to lead towards losses. I am all so very careful in which it helps big time to go for quality Crypto Exchanges only, which not only leads to making profits but also is a way to keep me extremely comfortable with everything.

devis9990i

newbie

Activity: 20

Merit: 0

Quote from: xSkylarx on August 10, 2019, 01:08:15 AM

Volume - it shows the reputation of the exchange by the number of its traders
Availability - some exchange are not available to specific countries
Security - ofcourse anyone don't want his funds to be stolen easily
User Friendly - to trade more comfortably and conveniently

Same.And also i take into account the value of spread

Ms_Arc

newbie

Activity: 31

Merit: 0

I choose Binance, i believe in security and real volume.

xSkylarx

hero member

Activity: 2366

Merit: 594

Volume - it shows the reputation of the exchange by the number of its traders
Availability - some exchange are not available to specific countries
Security - ofcourse anyone don't want his funds to be stolen easily
User Friendly - to trade more comfortably and conveniently

sana54210

legendary

Activity: 3318

Merit: 1128

Quote from: katerina5643 on August 08, 2019, 03:37:46 AM

Another important thing is taking into account the security and safety of exchange cite. And don't forget to check out the reviews about this platform.I would like to recommend you Monfex.You can check it here https://www.monfex.com/

Security matters a lot, and the reason why I do use Binance before was because of the security that I felt they have, and when they were first hit with that hacking of $41 million, it really broke me, but I decided to still give them a try, but now that I am hearing another news of their data database being compromised and people’s data stolen, it make me lost so much confidence in them completely and I feel they are not doing their best enough in the aspect of security.

Right now, I think that I am don giving my data out, and this monfex you mentioned, hope they don’t ask for KYC because that would be the first thing that would discourage me about them, I am about to start looking at a better trading platform right now, and I think I might look into this if they are reliable.

katerina5643

newbie

Activity: 56

Merit: 0

Quote from: whirlcoin on March 10, 2019, 04:52:30 PM

Quote from: Greenkarki on March 07, 2019, 01:02:39 PM

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.

first of all you need some experience about choosing a exchange and it could be trustable also then you need to choose the exchange which will be suitable for your investment after this process everything is simple so the first and foremost thing is you need to pick the right.

Another important thing is taking into account the security and safety of exchange cite. And don't forget to check out the reviews about this platform.I would like to recommend you Monfex.You can check it here https://www.monfex.com/

CryptoPowerL

member

Activity: 358

Merit: 29

ASO Service

Everyone has their own preferences. How many people have many opinions. The most important thing that I rely on when choosing an exchange is its reliability, the experience of the development team

guoyu78

hero member

Activity: 1190

Merit: 541

Quote from: ricardobs on June 11, 2019, 04:27:12 AM

Quote from: Greenkarki on March 07, 2019, 01:02:39 PM

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.

The first thing you should look for is exchanges in your location, I think that works best as they will be doing their best to provide their good services to your locality. Another thing you should consider is reputation and popularity. How popular the exchange and how good or bad they are, what's their reputation?? It matters a lot, to be sincere. You can do this by searching for reviews about the exchanges and knowing what kind of complaint people has against them and seeing if it's something you can deal. If not, then take off and look for another one.

Location? I don’t see why we should consider using location in choosing any exchange when the cryptocurrency system is an internet based technology and can be operated anywhere and with any exchange irrespective of where the location is. The most important thing is that we choose an exchange that will deliver, has good security features and has low transaction fees.

If we consider location, it means many of us will not be using exchanges like binance, Bittrex and other top exchange. The only time I consider location is when the exchange in question is a local exchange, which we have to consider location so that we can be able to received our country currency equivalent.

mikelsmith2020

member

Activity: 215

Merit: 99

It's really hard to explain it but I will make it easier to explain it through listing all the things I consider on choosing an exchange:

1. Market volume - This is important, you don't want to trade on no volume exchange
2. Security - Such as 2FA, sms, etc.
3. 24/7 Support - or at least active support who will help you and guide you to any problems you're facing
4. Low transaction fee or withdrawal fee
5. No trading fee
6. Reputable exchange that's running for a long time

So far here are the things I consider on choosing a good exchange.

Korkorjkk

member

Activity: 546

Merit: 11

What I consider when choosing an exchange is the trading volume of the coin I want to trade and the trading pairs too. If an exchange has no volume, then I am not sure someone will purchase my tokens if I send it there. I also consider the popularity of the exchange, because most people trade on sites with high popularity.

sana54210

legendary

Activity: 3318

Merit: 1128

Quote from: Tungsten-1 on June 09, 2019, 03:29:59 AM

Quote from: bisdak40 on June 06, 2019, 07:42:33 PM

Quote from: marcbitcoins on June 06, 2019, 07:32:06 PM

If you are a bounty then make sure your rewards tokens are available in the exchange but if you are an investor who wants to be a cypto currencies trader then better to choose the top exchanges like HitBTC and KUCoin as they have already the crypto users trust. Just don't leave your assets in the exchanges after trading as some exchanges are already become victim of hackers too.

Kucoin is a good exchange but i would choose an exchange who put premium on security. Binance exchange is one of them and the liquidity is also important in choosing one good exchange too. No fake volume and wash trading, that is what i saw on Binance.

That is what I look for in an exchange and Binance put premium on security which is just great. It provides you some extra security and services and I think that it is not bad to spend few more dollars on the security of your wallet if your coins are on a hot wallet as compared to other exchanges. The services provided by Binance are super fast and I think this is what everyone look for.

When it comes to security, they can only try their best but they are not that perfect too, because if they are, there would not have been chance for the hackers to penetrate their system with all the dollars they have spent on the security of the system.

For full security, it is still best to keep the coin in an offline wallet where there won’t be any attachment or attack from hackers, so that when some of these exchanges get hacked, we will not use it as a criteria to completely judge them to be a bad exchange, Binance would have lost everything if not because they have proven themselves to be better in everything aside the security part of it.

ricardobs

hero member

Activity: 1204

Merit: 505

Quote from: Greenkarki on March 07, 2019, 01:02:39 PM

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.

The first thing you should look for is exchanges in your location, I think that works best as they will be doing their best to provide their good services to your locality. Another thing you should consider is reputation and popularity. How popular the exchange and how good or bad they are, what's their reputation?? It matters a lot, to be sincere. You can do this by searching for reviews about the exchanges and knowing what kind of complaint people has against them and seeing if it's something you can deal. If not, then take off and look for another one.

Tungsten-1

sr. member

Activity: 994

Merit: 256

Quote from: bisdak40 on June 06, 2019, 07:42:33 PM

Quote from: marcbitcoins on June 06, 2019, 07:32:06 PM

If you are a bounty then make sure your rewards tokens are available in the exchange but if you are an investor who wants to be a cypto currencies trader then better to choose the top exchanges like HitBTC and KUCoin as they have already the crypto users trust. Just don't leave your assets in the exchanges after trading as some exchanges are already become victim of hackers too.

Kucoin is a good exchange but i would choose an exchange who put premium on security. Binance exchange is one of them and the liquidity is also important in choosing one good exchange too. No fake volume and wash trading, that is what i saw on Binance.

That is what I look for in an exchange and Binance put premium on security which is just great. It provides you some extra security and services and I think that it is not bad to spend few more dollars on the security of your wallet if your coins are on a hot wallet as compared to other exchanges. The services provided by Binance are super fast and I think this is what everyone look for.

zhekinsp

full member

Activity: 882

Merit: 126

★777Coin.com★ Fun BTC Casino!

I always consider the previous trust and reviews about what I'm choosing and also it will be giving the confidence for me to go in a proper will and onece you got that the trust when the problem is also easily solved.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: ?? on ??

Best exchange to choose is pretty much a subjective statement. If there's gonna be a few advices I can share as part of your consideration in choosing exhanges, then it will be the interface that suits the best for your needs. Customer support is quite obvious as well as trading volumes cause you never want to trade in a wasteland anyway.

Choosing the best exchange is always going to be subjective since each person will have different characteristics they value more than the others, for example you gave many good characteristics that exchanges must have, but at least to me the most important is the security of the exchange, if an exchange has been hacked several times and the hacks were not small then this shows a pattern of not taking the security of their clients seriously and that will make me to not consider them at all and look for other exchanges.

kamudd

full member

Activity: 466

Merit: 100

Bcnex - The Ultimate Blockchain Trading Platform

Quote from: Aivaryamal on June 07, 2019, 04:59:13 AM

For me now the main exchanges are two: Binance and Bittrex, the first is convenient because it has large volumes of trading and you can download a clear mobile application where you can put notifications about your orders, the second is more practical in the web version, which in the wallets section immediately shows how much interest your assets have grown.

great, I also used both exchanges to trade my daily, yes binance and bittrex. in my opinion besides having a large trading volume both exchanges are also very comfortable to use and have many choices of altcoins to trade.

Aivaryamal

full member

Activity: 1162

Merit: 101

For me now the main exchanges are two: Binance and Bittrex, the first is convenient because it has large volumes of trading and you can download a clear mobile application where you can put notifications about your orders, the second is more practical in the web version, which in the wallets section immediately shows how much interest your assets have grown.

bisdak40

hero member

Activity: 2072

Merit: 542

DGbet.fun - Crypto Sportsbook

Quote from: marcbitcoins on June 06, 2019, 07:32:06 PM

If you are a bounty then make sure your rewards tokens are available in the exchange but if you are an investor who wants to be a cypto currencies trader then better to choose the top exchanges like HitBTC and KUCoin as they have already the crypto users trust. Just don't leave your assets in the exchanges after trading as some exchanges are already become victim of hackers too.

Kucoin is a good exchange but i would choose an exchange who put premium on security. Binance exchange is one of them and the liquidity is also important in choosing one good exchange too. No fake volume and wash trading, that is what i saw on Binance.

Topic: What are the things to be considered when choosing the appropriate exchange for (Read 19194 times)