Topic: what are the things to consider when looking for a good exchange? - page 5. (Read 1664 times)
February 27, 2019, 03:20:18 AM
If you mean exchanges, then yes, there are new ones that offer favorable conditions. I stopped using registration services because they often block accounts. There are many accusations against Bittrex and even Binance, so exchangers without registration are more secure. You can check ChangeNOW, they offer a fixed rate with lots of coins. This is what I use now. You can also pay attention to the Coinswitch.
February 26, 2019, 05:36:17 PM
I am a trader or at least that is how i see myself. I trade on binance, okex, idex, mercatox, bittrex, houbi and some other exchange. Lately i notice a lot of new crypto exchange popping here and there. And as much as i know and safe guard my password and secure my account with 2fa, I am still curious of the factors other traders consider when they are signing up on a new exchange. Would love to know some of your key factors so i might look into those too.
The more people use it, the more safer it is. I consider the populariity first then checking that out. After i saw how it works, i look for the next popular exchange to see if it is more convinient or it has more features that can help me with my transactions. Just be careful on putting your reaources on the internet. Making accounts to different websites or exchanges can be subject to hacking.
February 26, 2019, 03:45:12 AM
If you wanna know the withdrawal fees each exchange charges, have a look here :
https://www.feexplorer.io/
https://www.feexplorer.io/
This is very useful, I used to have this problem.
I advise you to keep large amounts of money in your wallet, not on the platform, even if you are a daily trader.
Also, if you are trading a rare currency, think twice if the platform you find is trustworthy. Exclusivity for a coin is hard to pay. There were cases when the platforms were closed.
February 20, 2019, 03:52:08 PM
I am a trader or at least that is how i see myself. I trade on binance, okex, idex, mercatox, bittrex, houbi and some other exchange. Lately i notice a lot of new crypto exchange popping here and there. And as much as i know and safe guard my password and secure my account with 2fa, I am still curious of the factors other traders consider when they are signing up on a new exchange. Would love to know some of your key factors so i might look into those too.
I always go for a well secured and popular exchange, of course there are notable ones in the system, a secured exchange will never be prone to hackers eg the recent hacking of crytopia of which investors funds are at stake, to cap it all an exchange. that will not comprise its security is surely my bet. 
February 20, 2019, 10:44:11 AM
Would love to know some of your key factors so i might look into those too.
Mostly I will simply start with the exchange which are being subscribed by the devs of one token or coin. I mean I will look into their ANN topic or their web site for the list of exchanges where I am able to trade their coin or token. Then I will register and then move my tokens and then I will convert into bitcoins or ethereum and finally I may forget that exchange until coinmarketcap kind of summary services notifying the same exchange for another coin selling purposes.I am not an active trader hence I am not taking much time to analyze and to choose exchanges. Always for first trade with a new exchange, I will risk small amount only. This is only my precautious approach for a new exchange.
February 20, 2019, 09:14:15 AM
There are a lot of factors that influence traders to choose an exchanger for example, security, fee and widrawl trading, popularity and others, but in my opinion security is the most important factor when choosing an exchanger.
February 20, 2019, 03:19:23 AM
For me it's very important that they run legitimate and transparent business and obey all regulations amd laws. Because in case that something goes wrong and law enforcement investigate them and find irregularities they will also seize all funds and you will lose yours. Exchange has to be trustworthy and you have to know who stands behind it.
Then it's also important the good and quality customer support and volume of trading.
I.think that today it's rather easy to check the background of any exchange and it's very important to do that in order to prevent that you lose your funds and get in sone aquard situation.
Then it's also important the good and quality customer support and volume of trading.
I.think that today it's rather easy to check the background of any exchange and it's very important to do that in order to prevent that you lose your funds and get in sone aquard situation.
February 20, 2019, 02:40:08 AM
Good volume, lots of users who is trading in that exchange and not just bots and also with a transparent CEO and team. Overall dont put all your money in one exchange cause no trading exchanges is 100% trustworthy. Haven't you heard of exchanges getting hack or bankrupt and the recent quadriga X scandal.
Guadriga incident was not a scam but an accident in my view as its CEO died unexpectedly when he was on tour. I believe no one could prevent quadriga kind of scenarios even how effectively you will be choosing your exchange. Because, we cannot foresee the future hence the best practice with respect to quadriga must be, not keeping big money online. Yes, it is applicable for both web wallets and exchanges.I do choose exchanges after reading comments from this community. When more people suggest not to touch then I will stay away from those services. I suggest everyone to make use of this forum as it will be more powerful and the tips and suggestion from this community will be most latest one to trust and to follow.
February 19, 2019, 06:57:14 PM
I followed part of the exchange and used a different password with another exchange,
and use 2FA and synchronize with email,
many cases in some exchanges have lost their assets, but the problem is that the market really has not received legality from the law and the whereabouts of the office are unknown.
so early vigilance is necessary
before you lose a coin asset.
and use 2FA and synchronize with email,
many cases in some exchanges have lost their assets, but the problem is that the market really has not received legality from the law and the whereabouts of the office are unknown.
so early vigilance is necessary
before you lose a coin asset.
February 19, 2019, 04:15:07 PM
The best thing you can do is have a Bitfinex account, why? Very easy, in that Exchange you can place your Stop Loss and Take Profit at the same time, not only will you rest and you can build your position but you can easily stop being stuck on your PC looking at the graphics ... I recommend you read Livermore, Wyckoff , they are great speculators, I do not have enough money to enter Bitfinex Exchange, because they demand 10k, but I recommend that Exchange for the tranquility that it can give you, you will take away many hours of stress, besides the authors that I gave you, it is because it helped me much to stop my losses in trading.
February 19, 2019, 09:54:23 AM
For me, one of the first factors is the time this stock exchange works.
then there is the volume of trade, and it is necessary that it be real
see which coins are being traded and in which pairs
I try not to have KYC
then there is the volume of trade, and it is necessary that it be real
see which coins are being traded and in which pairs
I try not to have KYC
I see the history of the exchange how well it has being running successful and how much people have complaints against it. How is the security and support team as both things play a vital role in choosing any exchange to trade with.
February 19, 2019, 08:41:15 AM
Good volume, lots of users who is trading in that exchange and not just bots and also with a transparent CEO and team. Overall dont put all your money in one exchange cause no trading exchanges is 100% trustworthy. Haven't you heard of exchanges getting hack or bankrupt and the recent quadriga X scandal.
February 19, 2019, 08:31:15 AM
Trust, number of users and security are critical issues to think about while picking the trade. For dealers, the quantity of upheld digital forms of money, installment techniques, and liquidity additionally assume a huge job.
In the event that the trade has a huge exchanging volume, I think there are numerous individuals who put stock in the trade so they can give an or more to newcomers, and the second is security likewise will be in the clients concern.
In the event that the trade has a huge exchanging volume, I think there are numerous individuals who put stock in the trade so they can give an or more to newcomers, and the second is security likewise will be in the clients concern.
February 19, 2019, 07:41:43 AM
1. Security
2. Listing and trading pairs
3. Trading Volume
4. Ease of withdrawal and deposit
5. UI & accessibility on all platforms and devices.
2. Listing and trading pairs
3. Trading Volume
4. Ease of withdrawal and deposit
5. UI & accessibility on all platforms and devices.
All true, but you didn't mention the most vital one. Your list won't be complete if you don't make mention of 'an effective customers support unit'.
An exchange may have all that you listed but without a good customer support, it's nothing. There is nothing satisfying as a getting a quick fix to your problem. I noticed it with xch4nge exchange when I wanted to fix an error in my account name. Though, I'm still on a quest on utilizing it to know more of it awesome features.
tend to find another exchange that would really give out that lacking. Lots of factors should be considered because once you pull it off then expect that users would tend to use your exchange because of that.
February 19, 2019, 06:31:07 AM
1. Security
2. Listing and trading pairs
3. Trading Volume
4. Ease of withdrawal and deposit
5. UI & accessibility on all platforms and devices.
2. Listing and trading pairs
3. Trading Volume
4. Ease of withdrawal and deposit
5. UI & accessibility on all platforms and devices.
All true, but you didn't mention the most vital one. Your list won't be complete if you don't make mention of 'an effective customers support unit'.
An exchange may have all that you listed but without a good customer support, it's nothing. There is nothing satisfying as a getting a quick fix to your problem. I noticed it with xch4nge exchange when I wanted to fix an error in my account name. Though, I'm still on a quest on utilizing it to know more of it awesome features.
February 19, 2019, 04:15:53 AM
1. Security
2. Listing and trading pairs
3. Trading Volume
4. Ease of withdrawal and deposit
5. UI & accessibility on all platforms and devices.
2. Listing and trading pairs
3. Trading Volume
4. Ease of withdrawal and deposit
5. UI & accessibility on all platforms and devices.
All true, but you didn't mention the most vital one. Your list won't be complete if you don't make mention of 'an effective customers support unit'.
An exchange may have all that you listed but without a good customer support, it's nothing. There is nothing satisfying as a getting a quick fix to your problem. I noticed it with xch4nge exchange when I wanted to fix an error in my account name. Though, I'm still on a quest on utilizing it to know more of it awesome features.
February 19, 2019, 03:46:38 AM
It is necessary to take a lot of factors, for example, the number of available pairs, rate, reviews, support. It is very important for me that the service is without registration, in order not to keep my funds in the account. In addition, since the rate may change during the exchange, I prefer to use services with a fixed rate. Now I use Changenow, this service meets all the requirements.
Support is something that you should pay attention to since many services sometimes ignore user requests. I used this exchanger, and when I had a problem, they quickly solved it. February 18, 2019, 07:31:55 PM
Good exchanges are those in which most secure and high level of trading. I consider which exchange are available at any time & those have Suitable trading tools.
February 18, 2019, 04:17:02 PM
1. Security
2. Listing and trading pairs
3. Trading Volume
4. Ease of withdrawal and deposit
5. UI & accessibility on all platforms and devices.
2. Listing and trading pairs
3. Trading Volume
4. Ease of withdrawal and deposit
5. UI & accessibility on all platforms and devices.
February 18, 2019, 01:35:13 PM
reviews and rates, also 24/7 support will be good thing
Jump to: