Topic: What are the things to be considered when choosing the appropriate exchange for - page 2. (Read 19167 times)
June 06, 2019, 08:32:06 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.
June 06, 2019, 07:49:13 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.
If I am entering an exchange or buying some cryptocurrency, I usually look for the security and fees. I want to have small fees when it comes in withdrawal. In some exchange, they are requiring identities. However, I do not want to pass KYC because I want an anonymous transaction. If I look for an exchange, I want it to be secured also. 
June 06, 2019, 07:15:05 PM
Look always for an exchange with good feedback. Dont try new exchanges, let others do that for you. New exchanges may offer good promotions when theynare launched but problem is what if they fail and just run away with your money. Also, consider their site security, what are they offering to keep your account secured.
June 06, 2019, 06:57:00 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.
Coinbase is best to buy crypto but if have a plan to trade buy and sell crypto, I suggest poloniex low transaction fee, easy to understand and to use and most important things is full of security measure to secured your coins.
June 06, 2019, 06:28:12 PM
You can use any other exchange. It doesn't matter. Most importantly, pay attention to the Commission on the withdrawal of funds and in general on the exchange interface. If you are satisfied, you can trade on it.
June 06, 2019, 05:13:50 AM
There are some key elements that can help you to choose the right exchange: Fees, for example on Bithumb it's .15% while on many others up to .20%; Security, the best way to secure your money is to use two-factor authentication; and Trading with Currencies, since the market volume can tell you a lot about the Cryptocurrency Exchange Software, the volume ranking also tells about the credibility of the exchange.
June 06, 2019, 02:34:41 AM
Choosing the perfect exchange can be a hard decision to make. But if you follow the criteria given below, you won’t feel so lost.
Some points to consider:
Keeping these in mind, you will find an exchange that suits your needs best. Check for the exchange’s credibility and past history for security breaches and scams.
Some of the well-known exchanges in the cryptocurrency industry today are Binance, Coinbase ShapeShift, Changelly, Bittrex, and Bitfinex.
Your options are not limited to these exchanges. There are many more in the market that could provide the features you are looking for. Conduct your own research and find the perfect fit. Happy trading!
Some points to consider:
- Restrictions based on location
- Transaction fees
- Security
- User experience
- Liquidity
- Volume
- User support
Keeping these in mind, you will find an exchange that suits your needs best. Check for the exchange’s credibility and past history for security breaches and scams.
Some of the well-known exchanges in the cryptocurrency industry today are Binance, Coinbase ShapeShift, Changelly, Bittrex, and Bitfinex.
Your options are not limited to these exchanges. There are many more in the market that could provide the features you are looking for. Conduct your own research and find the perfect fit. Happy trading!
May 30, 2019, 05:00:46 PM
I always considered the security system of an exchange. That is the first important thing for me. Next is the popularity of one exchange that has many positive feedbacks. An old exchange has an established and good reputation. Also, consider the low fees and the fast transactions of it.
In addition to these, look for some review about the exchanges. From there you can see comments that might help you to decide. But, don't forget that there is no 100% safe exchanges. There is only the most secured. Hackers can find ways. So, don't store huge amount in exchanges.
May 08, 2019, 10:32:51 AM
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.
A lot of things must be considered upon choosing an exchange. To make things easier, you can read feedbacks or do a series of research to serve as a guide for you to make the right decisions. Choose an exchange where you could do transactions safely and more secured.
May 08, 2019, 06:04:41 AM
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'm still new in trading and I know that we can't easily trust peoples suggestion but it is great to know their thoughts and ideas. It is much better to have your own research, in that way you will know the things that you need to consider in an exchange and you can also enhance your knowledge in trading. As a newbie we can't really avoid being confused about different exchanges, well i'm lucky because I was able to know darb exchange. It is a good trading platform that helps newbies to trade well because they provide a demo account. It is definitely great because they have fast transaction in transferring assets and funds, aside from that it can also be a crypto wallet and it has high security level that can protect your assets from hackers. Well as a newbie I need to learn a lot of things especially when it comes to the security of my assets, and choosing a good exchange isn't that easy. 
April 15, 2019, 12:03:54 PM
I first look for the reputation of an exchange. Like, if there are lack in its security before, I wouldn't trust my money there. If it passed, I'll test its features and optimzation; if it's laggy and its tool is old for me then I wouldn't continue using it further. Last thing is to check its owner's activity his/her background.
Security, trustworthy, user friendly and famous having high user base. These are the things I look for before choosing a digital exchange. This is very important because if the exchange you have chosen cares about its users, then you would not have to worry about anything.Binance and Coinbase are good exchanges with great reviews by its users and this is why they are sustaining in this highly competitive markets and still getting big in user-base, among these two, binance is relatively a new exchange still that does not a criteria here for not considering them.
April 13, 2019, 01:14:06 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.
A lot of things must be considered upon choosing an exchange. To make things easier, you can read feedbacks or do a series of research to serve as a guide for you to make the right decisions. Choose an exchange where you could do transactions safely and more secured.
April 13, 2019, 04:53:26 AM
I first look for the reputation of an exchange. Like, if there are lack in its security before, I wouldn't trust my money there. If it passed, I'll test its features and optimzation; if it's laggy and its tool is old for me then I wouldn't continue using it further. Last thing is to check its owner's activity his/her background.
April 13, 2019, 01:33:11 AM
Anything that created by man can really be hacked by a man.This wont really give out guarantees for an exchange to be unhackable thats why the
risk always lying behind and anytime it can really happen.Most of target would be always the top-tier ones which is normal yet most money is lurking on to those exchangers.
The thing here is that exchangers are trying their best to give out the best security because once it had been compromised then they do know that their
business is fucked up.
You are very much right, most of these exchanges will not just create a system to come and give themselves a bad reputation, a lot of them are seriously tying their possible best to make sure that they give the users maximum security for their funds.risk always lying behind and anytime it can really happen.Most of target would be always the top-tier ones which is normal yet most money is lurking on to those exchangers.
The thing here is that exchangers are trying their best to give out the best security because once it had been compromised then they do know that their
business is fucked up.
But, users too are not really helping these exchanges in protecting their images, we keep hearing on news today that they stole fund from someone’s wallet, which they might even mention the exchange, but we fail to ask ourselves whose fault it was, was the fault from the exchange or the user who fails to make use of the security tools provided to him in securing his account.
April 10, 2019, 09:02:33 PM
For me it's about the exchange mechanism, you need an exchange that could do stop loss otherwise you wouldn't be able to safebay yourself when market is nearing, and of course liquidity otherwise it's useless, variety of coins and some others were is withdrawal, trading fees, kinda crucial if you make alot of trades, UI and other stuff are pretty much the same when it's fast
April 10, 2019, 04:39:10 PM
The first thing to consider is the level of security provided by the exchange. You will not want to loose your money in just overnight. Secondly is to check if the exchange is listed in coinmarket cap, then you consider the volume of trading per day. You will not ant to go to a market where their is no activity. After you have made your decision, do a little of googling to find out if they have been hacked before.
When it comes to security, all these doesn’t really guarantee that they have a very strong secured system and cannot be hacked, if you look at most of the exchanges that were hacked and funds stolen from, they were all listed on coinmarketcap and they never had any bad reputation till they were dealt with by hackers.So, the best I just advise most people to do is never to leave their funds on any exchange hackers can only steal funds when they see one, people should get use to using hardware wallets or software wallets with very strong encryption.
risk always lying behind and anytime it can really happen.Most of target would be always the top-tier ones which is normal yet most money is lurking on to those exchangers.
The thing here is that exchangers are trying their best to give out the best security because once it had been compromised then they do know that their
business is fucked up.
April 10, 2019, 04:13:57 PM
The first thing to consider is the level of security provided by the exchange. You will not want to loose your money in just overnight. Secondly is to check if the exchange is listed in coinmarket cap, then you consider the volume of trading per day. You will not ant to go to a market where their is no activity. After you have made your decision, do a little of googling to find out if they have been hacked before.
When it comes to security, all these doesn’t really guarantee that they have a very strong secured system and cannot be hacked, if you look at most of the exchanges that were hacked and funds stolen from, they were all listed on coinmarketcap and they never had any bad reputation till they were dealt with by hackers.So, the best I just advise most people to do is never to leave their funds on any exchange hackers can only steal funds when they see one, people should get use to using hardware wallets or software wallets with very strong encryption.
April 10, 2019, 02:28:03 PM
To my opinion the two most important things when it comes to exchanges are legitimacy and security. Basicly you don't want to trust you mony to someone who is not doing business according to law and who doesn't keep your funds secure. So this you should check first. If you don't feel confident about any detail connected with particular exchange avoid it. You can also learn from other user's experiences and choose one that is on the list of trustworthy and secure.
April 10, 2019, 02:02:47 PM
Safety, Safety and Security is the thing. I do not go for exchange instead I go for broker. I have simple reason and that is because of the freedom with broker compared to exchange. But one target that’s same is safety and security which regardless of what type you select should be picked. I am not sure how you do that for an exchange but for a broker, you can easily check through https://fx-list.com, as it’s the site where you get all facts about brokers and also make comparison, so we can easily pick the best one.
April 09, 2019, 07:24:48 AM
The first thing to consider is the level of security provided by the exchange. You will not want to loose your money in just overnight. Secondly is to check if the exchange is listed in coinmarket cap, then you consider the volume of trading per day. You will not ant to go to a market where their is no activity. After you have made your decision, do a little of googling to find out if they have been hacked before.
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