what are the things to consider when looking for a good exchange? - page 4.

Mahanton

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Quote from: bitcoin31 on April 14, 2019, 05:37:11 AM

Oh nice that you trade on differenr exchnages site, that's good strategy and even me I trade in different exchanges site for my safety. Most of the exvhanges site that you gave to us is really safe and not having any problems with maybe other but I think it's minor.
If Im looking for the new exhanges site I look for the security and other factors to make sure my coins is safe.

Its never been safe to store up your coins on exchangers even on the most reputable exchange as of this moment.As long you don't
posses the keys of wallet then those coins aren't actually yours and tendency to loss it is just really lurking behind yet we wont even know on where
exchange hacks do really happen that's why don't store up all of your assets in one place.

Cryptotina

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Quote from: Bitcoin_Arena on November 05, 2018, 12:49:31 AM

Personally I look at
1. Security : The most important of all since we are dealing with money. Security has to be tight and exchange has to have a swift response in case of any attacks or attempts to hack

2. Popularity: Much more popular exchanges are my preference since they have a large community around them. The larger the community, the easier it is to spot scam... Less popular exchanges can easily scam and exit with your money.

3. Team and Support: is the team transparent? Is the support swift and helpful? You don't wanna get stuck with some issue and there is no one to help you urgently

4: Trading Fees and Withdrawal Charges: I prefer exchange with less trading fees and withdraw charges plus incentives like Binance has with BNB and Kucoin has with Kucoin shares.

5: Third-party Mobile apps: These make trading easier on the go. Some exchanges have lagging websites but the mobile apps are smooth to trade with. i have traded so far with the Kucoin, Huobi, Binance and Okex apps. Very smooth and nice experience

Yeah you're right, and these too:
- METHOD OF PURCHASE
- TRADING PLATFORM, P2P EXCHANGE OR BROKER.
- SUPPORTED TOKENS among others.... 😉

bitcoin31

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Oh nice that you trade on differenr exchnages site, that's good strategy and even me I trade in different exchanges site for my safety. Most of the exvhanges site that you gave to us is really safe and not having any problems with maybe other but I think it's minor.
If Im looking for the new exhanges site I look for the security and other factors to make sure my coins is safe.

Lanatsa

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Quote from: DeadCoin on April 12, 2019, 01:53:41 PM

The first and foremost thing is the volume and the crowd traded in. Then look at the transaction fees charged. Then choose the best coins and see if the coin is traded in this exchange. Look at the pairs they have. The volume, marketcap, coins you have chosen decides an exchange to be the best or not.

If they do have such volume then expect they would really have that common trading pairs like BTC/USD, ETH/BTC and so on.Just a normal thing to think off
that crowded exchange do have those particular things yet they wont able to achieve such volume if these pairs aren't available that's why even just seeing that one
thing on an exchange this is already a big factor for you to consider that this is a good one.

DeadCoin

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The first and foremost thing is the volume and the crowd traded in. Then look at the transaction fees charged. Then choose the best coins and see if the coin is traded in this exchange. Look at the pairs they have. The volume, marketcap, coins you have chosen decides an exchange to be the best or not.

jhonjhon

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Quote from: Altero on March 09, 2019, 05:54:35 PM

Quote from: Olatunjex on March 09, 2019, 11:06:28 AM

Liquidity, security and popularity of the exchange are the features i look forward to when i want to use an exchange, lastly the exchange UI must be cool and user friendly.

Aside from that, we should have to look also their transactions fees cause it mostly affect and have a huge deductions of our possible gains. Of course we look for low fees exchanges.
As we all know that many exchanges arises today but somehow they aren't good with there services and they have problems with their sites including long delays causes traders to worried with their funds. So I may suggest that, better to stick with old exchanges and tested one cause we can assured of their great services.

It came to a big challenge for us and for bounty hunters cause it usually happen that their rewards will be just listed into their own exchanges before it listed into the others. They'll usually experiencing delays and seems to be hopeless at all but they don't have any choices is to wait when it runs smoothly even it take years.

Altero

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Quote from: Olatunjex on March 09, 2019, 11:06:28 AM

Liquidity, security and popularity of the exchange are the features i look forward to when i want to use an exchange, lastly the exchange UI must be cool and user friendly.

Aside from that, we should have to look also their transactions fees cause it mostly affect and have a huge deductions of our possible gains. Of course we look for low fees exchanges.
As we all know that many exchanges arises today but somehow they aren't good with there services and they have problems with their sites including long delays causes traders to worried with their funds. So I may suggest that, better to stick with old exchanges and tested one cause we can assured of their great services.

Olatunjex

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Liquidity, security and popularity of the exchange are the features i look forward to when i want to use an exchange, lastly the exchange UI must be cool and user friendly.

blockman

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Quote from: SiDtHeBeSt on March 02, 2019, 12:44:56 PM

The very first thing I never fail to check about an exchange is their reviews or basically popularity amongst the people. The second thing I see is the security provided by the exchange then trading and withdrawal fees charged by the exchange and one of the most important thing is their customer service and support.

Fees would come to the last part of my list. I won't be too bitter with their fees if the service they are providing is too good enough for someone who's looking to trade daily and decently with their exchange. And for those unpopular exchange, as much as possible get rid of them and don't waste your time trying them out. Stay to the exchanges that has been very popular and has made their name, yes nothing wrong trying them out but if your time is precious, you shouldn't waste it.

Kelvinid

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Quote from: Capt00 on March 02, 2019, 12:49:46 PM

Quote from: Altero on March 02, 2019, 07:33:27 AM

If you'll find out that there is huge fees with that certain exchanges, then we don't need to push our self to go within. Of course, we don't want that all our profit might just go for fees only. Though some fees is considerable and yet it is really needed but we also to have to look for small fees exchanges so it included to our gains.

Fees are considered for me as a minor thing on the exchange, that is normal to have fees either that is small fees you can still have to pay the fees. The major part that I looking for usually those reputed ones and fewer complaint regarding withdrawal. There are some exchanges that they freeze your fund during withdrawal which are very annoying to us or just having a delay which consumes almost a week(s).

Delays will be just not a normal thing to happen especially when it takes into weeks and I'm afraid if we received it anymore.
Due to a lot of crypto exchanges existed today, it is better to have a background check with the team behind and also their feedback to see if this really can be trusted or just a full of scam. We don't want to loss our funds and we should have to spend time doing this.

Capt00

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Quote from: Altero on March 02, 2019, 07:33:27 AM

If you'll find out that there is huge fees with that certain exchanges, then we don't need to push our self to go within. Of course, we don't want that all our profit might just go for fees only. Though some fees is considerable and yet it is really needed but we also to have to look for small fees exchanges so it included to our gains.

Fees are considered for me as a minor thing on the exchange, that is normal to have fees either that is small fees you can still have to pay the fees. The major part that I looking for usually those reputed ones and fewer complaint regarding withdrawal. There are some exchanges that they freeze your fund during withdrawal which are very annoying to us or just having a delay which consumes almost a week(s).

SiDtHeBeSt

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The very first thing I never fail to check about an exchange is their reviews or basically popularity amongst the people. The second thing I see is the security provided by the exchange then trading and withdrawal fees charged by the exchange and one of the most important thing is their customer service and support.

Altero

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Quote from: imstillthebest on March 02, 2019, 03:52:30 AM

Quote from: Tamilson on March 02, 2019, 02:40:28 AM

Quote from: DeadCoin on February 27, 2019, 04:44:16 PM

Yes. As we have too many exchanges now, choose the ones which do cost little transaction fees.

Perhaps transaction fee shouldn't be a big deal since we can still profit in trading but what should matter is security and responsive support. Our money is the most important here so those two should be consider or else it will be an instant hell.

Not all times we can earn a profit on trading because most of the times the market is in slump . transaction fee is really a big deal here because many exchanges nowadays are over price when it come to fees and other service charges . but im not saying that you are wrong , infact i also agree with you . security and support are also both important because our capital is more important as it is more bigger than the fees that we can incure when doing trades .

If you'll find out that there is huge fees with that certain exchanges, then we don't need to push our self to go within. Of course, we don't want that all our profit might just go for fees only. Though some fees is considerable and yet it is really needed but we also to have to look for small fees exchanges so it included to our gains.

ethereumhunter

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Quote from: Tamilson on March 02, 2019, 02:40:28 AM

Quote from: DeadCoin on February 27, 2019, 04:44:16 PM

Yes. As we have too many exchanges now, choose the ones which do cost little transaction fees.

Perhaps transaction fee shouldn't be a big deal since we can still profit in trading but what should matter is security and responsive support. Our money is the most important here so those two should be consider or else it will be an instant hell.

But not for 0.001 btc for the transaction fee because I remember that in Poloniex and Bittrex, they applied those amount for the fee but fortunately, now they lower the transaction fee. I don't mind to pay for 0.0005-0.001 btc for the fee. I don't want to see the exchange got so many problems especially for the processing of withdrawal. Besides that, I don't want to wait for a long time to see the bitcoin arrives in my sellers' wallet.

The security will be the most important to choose the good exchange, and they need to have a high level of security, and they are often to check the website to find a bug or hole so they can fix the problem as soon as they can.

imstillthebest

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Quote from: Tamilson on March 02, 2019, 02:40:28 AM

Quote from: DeadCoin on February 27, 2019, 04:44:16 PM

Yes. As we have too many exchanges now, choose the ones which do cost little transaction fees.

Perhaps transaction fee shouldn't be a big deal since we can still profit in trading but what should matter is security and responsive support. Our money is the most important here so those two should be consider or else it will be an instant hell.

Not all times we can earn a profit on trading because most of the times the market is in slump . transaction fee is really a big deal here because many exchanges nowadays are over price when it come to fees and other service charges . but im not saying that you are wrong , infact i also agree with you . security and support are also both important because our capital is more important as it is more bigger than the fees that we can incure when doing trades .

Tamilson

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Quote from: DeadCoin on February 27, 2019, 04:44:16 PM

Yes. As we have too many exchanges now, choose the ones which do cost little transaction fees.

Perhaps transaction fee shouldn't be a big deal since we can still profit in trading but what should matter is security and responsive support. Our money is the most important here so those two should be consider or else it will be an instant hell.

DeadCoin

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Quote from: ReiMomo on February 27, 2019, 03:45:02 PM

It depends on the coins you have with you to trade as well. Or you wish to have exchanges to trade, go with exchanges cost you less transaction fees, choose the exchange where the coins you have chosen to trade is more traded with huge volumes. Few exchanges offer their own currencies for wavering transaction fees. So, Focus on exchanges which would reduce your expenses.

Yes. As we have too many exchanges now, choose the ones which do cost little transaction fees. Check out their services and the volume coins are traded at. Have coins earned from bounties in new exchanges. The trading volume of the coin is zero now. So it depends on the coins as well. So choose the best coins and best exchanges based on the expense.

ReiMomo

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It depends on the coins you have with you to trade as well. Or you wish to have exchanges to trade, go with exchanges cost you less transaction fees, choose the exchange where the coins you have chosen to trade is more traded with huge volumes. Few exchanges offer their own currencies for wavering transaction fees. So, Focus on exchanges which would reduce your expenses.

Supercrypt

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Quote from: Insufficient on November 04, 2018, 12:36:06 PM

Would love to know some of your key factors so i might look into those too.

First thing I always put into consideration is popularity. I go for exchanges that are popular, and after listing them out I will then talk about security. I don’t really like going for new exchanges, that’s a huge risk for anyone to take, cause these new exchanges are mostly scammers and you can lose your money if you open account with them. Some of them end up getting hacked due to lack of experience.

Quote from: Zalaster on February 27, 2019, 03:20:18 AM

There are many accusations against Bittrex and even Binance, so exchangers without registration are more secure.

Lol, Binance is one of the best cryptocurrency exchanges we have today. If you’re going to be choosing new exchanges over these old ones that has already built a good reputation for themselves, then you will be making a very big mistake. Yes there are people who do complain about Binance that it is scam, but trust me, it is not. No matter how good an exchange is, you will always see people who will complain about it.

Mister1k

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Safety will dependably go number one concern however don't believe it totally to the trade. Be a dependable broker with your exchanges as well as together en route you keep your records. We are likewise the one that must be subject and watchful to it however the main concern should go first.
Be that as it may, taking into account what's great currently is simple in the event that you'll simply resound with the group.

Topic: what are the things to consider when looking for a good exchange? - page 4. (Read 1664 times)