Topic: What are the things to be considered when choosing the appropriate exchange for - page 4. (Read 19167 times)
March 17, 2019, 09:01:03 PM
For beginner trader is much better first trade crypto on spot market and avoid margin trading. There are alot of trusted exchange with high trading volume, like Binance, Huobi, Poloniex, Bittrex. In Binance and Bittrex you can make deposit by buying some crypto using credit card. And you have to know how stop loss work in exchange, because use stop loss is the most important thing.
March 17, 2019, 07:28:37 PM
If there is any thing to go by, Coinbase is not a good exchange at the moment but we prefer Binance for OP. My experience with Coinbase recently were the had to blocked my account because of what i wasn't told to do.
Coinbase is the most legitimate exchange in the space. It's also the main fiat entry/exit point for millions of people, doesn't matter whether they are short or long term minded. Coinbase is the best in that field.Not sure why they blocked your account, but the main problem with people running into problems with Coinbase is that they underestimate the nature of a well regulated exchange.
If you read their terms, it would be clear that they don't tolerate certain actions and uses. Admittedly, the majority of the people don't read the terms, but in this day and age of the crypto industry you better do from now on.
Coinbase is legit and been trusted nowadays but in exchange it is highly regulated unlike on other current exchangers.
March 17, 2019, 04:55:42 PM
Choosing the best exchanges will comes along under the experience first of all trust is very important for the exchange that we have to decide because without any trust we cannot move on with a hope but the possibility of scams is very low here but we have to be alert in every time in every exchanges.
March 17, 2019, 08:37:19 AM
First of all you should know everything about their fees, either it is trading fees or withdrawal fees, and you should know what is the minimum withdrawable amount for coins/tokens there, and more importantly you should do some research about the exchange history and read some legitimate user experiences to see for yourself whether or not they have a good reputation before depositing any funds there, and lastly but not least you should use their trading interface for a while to see if it fits your needs in trading or not, like having a stop loss option and such...
March 17, 2019, 01:01:39 PM
First of all you should know everything about their fees, either it is trading fees or withdrawal fees, and you should know what is the minimum withdrawable amount for coins/tokens there, and more importantly you should do some research about the exchange history and read some legitimate user experiences to see for yourself whether or not they have a good reputation before depositing any funds there, and lastly but not least you should use their trading interface for a while to see if it fits your needs in trading or not, like having a stop loss option and such...
Of course, a clear interface really makes a huge difference when choosing the appropriate trading platforms, but for me another factor is imperative when choosing, this is the provision of personal data. If I will not use this exchanger or exchange permanently, then I consider that there is no need to go through kyc and will look for something else. March 17, 2019, 08:15:42 AM
I am a participant in the bounty of companies, and in principle I use many exchanges, only I don’t use those where they ask to go through KYC.
For me, the best exchange is binance
For me, the best exchange is binance
March 16, 2019, 07:12:48 PM
If there is any thing to go by, Coinbase is not a good exchange at the moment but we prefer Binance for OP. My experience with Coinbase recently were the had to blocked my account because of what i wasn't told to do.
Coinbase is the most legitimate exchange in the space. It's also the main fiat entry/exit point for millions of people, doesn't matter whether they are short or long term minded. Coinbase is the best in that field.Not sure why they blocked your account, but the main problem with people running into problems with Coinbase is that they underestimate the nature of a well regulated exchange.
If you read their terms, it would be clear that they don't tolerate certain actions and uses. Admittedly, the majority of the people don't read the terms, but in this day and age of the crypto industry you better do from now on.
March 16, 2019, 04:14:27 PM
My only think that anyone who are interested in to trading and choosing and good exchanges will needed a huge experience in this field because the counting days will increase your talent and knowledge about anything that you are interested so it could give the idea about the new and existing exchanges then it will be easy to pick the right one for good exchange.
March 16, 2019, 01:59:12 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 think what you should care more about before thinking of trading on an exchange is to check about the security of your coin on the exchange, because we have heard of how many exchanges being hacked and a lot of user funds stolen, I think you don't want that to be your experience, another thing you should check is the volume of the exchange, exchange with large volumes are very difficult to manipulate because it would cause a lot of money to that. March 14, 2019, 09:21:41 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.
Though coinbase is a good exchange, you shall consider the overall security on choosing an exchange. Here is the link where you can find guides on how to choose the right exchange for you.
Anyway, fees is also important. The lower the fees does an exchange has, the better. I've been using binance and coinbase from some quite now.
If there is any thing to go by, Coinbase is not a good exchange at the moment but we prefer Binance for OP. My experience with Coinbase recently were the had to blocked my account because of what i wasn't told to do. Though have put it behind, Binance has all you need to start trading as a newbie but be mindful of what you trade with ie. the amount should be such you can afford to loose.
March 14, 2019, 09:09:01 AM
Ofcourse you need to consider the security of the exchanges site or the wallet if they have secure and have good development.
Securing the exchanges site makes you secure too because you cannot be worry that your token or coins are gone.
Im looking also of the features of it if they have good features and everything about I consider it so I can make a decision where I trade that's I do before.
Securing the exchanges site makes you secure too because you cannot be worry that your token or coins are gone.
Im looking also of the features of it if they have good features and everything about I consider it so I can make a decision where I trade that's I do before.
March 14, 2019, 08:09:53 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.
for now I would recommend you to use a pair of exchange + safe wallet.
You can use a safe licensed exchange for trading, that would be a good thing.
and the same for exchange - use a protected one like imtoken, jaxx or mew.
March 14, 2019, 07:51:31 AM
all places of exchange have their respective weak points and it all becomes a risk to all traders so that to be better then you must remain cautious when in exchange and do not keep assets too long in exchange because the risk is too high.
Well said mate, do you then advice to trade with different exchanges because I think it is not possible not to keep you coin in an exchange for long for long term traders, we understand the long term investors that are strictly holding their coin for long term, those ones can decide to pull their coins/token to either a pc wallet or phone wallet away from exchange wallets but for a full time trader, how do you then manage this since you will constantly be trading using the available platform on that exchange on a daily basis for a long time. 
March 11, 2019, 01:43:52 AM
Look for what coin you are going to trade.
Pick the best exchange based on the price and trade volume from CMC.
Just read the reviews of that selected exchange before depositing any money.
If there is no negative review then it is good for you to start.
Pick the best exchange based on the price and trade volume from CMC.
Just read the reviews of that selected exchange before depositing any money.
If there is no negative review then it is good for you to start.
March 10, 2019, 10:40:18 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.
Actually a good deal of exchange for now. Try to visit: https://coinmarketcap.com/rankings/exchanges/
Binance, Bittrex is a pretty good exchange in my opinion, ranking does not always provide sufficiently complete information but at the least it can make us look for coins that are not in other exchanges
Those are also my Top 2 exchange, Binance and Bittrex. I felt that my coins are secured with them but still, we need to have our own hard wallets because nothing is more secured than it. Going back on the question, the things which I consider on choosing an exchange are security and availability of the support group of the site.
March 10, 2019, 10:28:16 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.
Actually a good deal of exchange for now. Try to visit: https://coinmarketcap.com/rankings/exchanges/
Binance, Bittrex is a pretty good exchange in my opinion, ranking does not always provide sufficiently complete information but at the least it can make us look for coins that are not in other exchanges
Those are also my Top 2 exchange, Binance and Bittrex. I felt that my coins are secured with them but still, we need to have our own hard wallets because nothing is more secured than it. Going back on the question, the things which I consider on choosing an exchange are security and availability of the support group of the site.
March 10, 2019, 07:33:30 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.
Actually a good deal of exchange for now. Try to visit: https://coinmarketcap.com/rankings/exchanges/
Binance, Bittrex is a pretty good exchange in my opinion, ranking does not always provide sufficiently complete information but at the least it can make us look for coins that are not in other exchanges
March 10, 2019, 06:15:40 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.
Not all exchanges are the same. We can divide them into : fiat to crypto and crypto to crypto. The coinbase you have heard about, belongs to fiat to crypto. So, you can get BTC or other ''bigger'' cryptocurrencies with fiat money in these exchanges. Then, in crypto to crypto exchanges you can use it to get other altcoins. March 10, 2019, 05:52:30 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. 
March 10, 2019, 05:04:03 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.
As a newbie, Binance is still the best bet actually when it comes to trading and not only for newbie, virtually for everyone and looking at the way you sound, you still need to do more training before venturing into trading business.Kindly go for proper tutorial, you could get some mentors around you that you can ask to train you or if you are a fast learner, you can learn from YouTube, most tutor will surely introduce you to most existing exchanges and also advice you on the best to choose because if you base it on self-research and review from here, you might end up not choosing the one that is right for you.
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