Topic: what are the things to consider when looking for a good exchange? - page 7. (Read 1664 times)
December 03, 2018, 08:22:05 PM
There are several security features one needs to consider..of which involves if the exchange supports 2fa extra security features which will help keep your tokens safe. You need to also check trade volume of the exchange
December 01, 2018, 09:55:30 AM
A successful exchange having a lot of unique features firstly it has a lots of popularity, security, team and management, withdraw and deposit fees rate, centralization.
December 01, 2018, 01:52:58 AM
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.
There are a lot of things that you can consider but reputation is one thing that matters a lot. So you should always talk about those exchanges with good reputation and after that you can then choose which one of them is suitable for you based location, security and a lot of other things. Team support is also another good thing, there are good sites with poor team support and when you encounter problem in using their site, it’s always difficult to get through to their support.
November 30, 2018, 04:08:23 AM
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.
Reputation and security are always on top of the list of what to check out for when you’re choosing an exchange. Any exchange with no good reputation (or should I say without much good reputation) shouldn’t be considered. Why going for exchanges with reputation is because you will be rest assured that they are safe. Cryptocurrency market is not a place to mess around cause there are lots of scammers, any single mistake and you will be in their trap. November 28, 2018, 03:20:08 AM
security services for me are the main thing because this is the key so that my crypto assets are safe and if it's safe, I won't worry about trading. The exchange must have a maximum level of security, attractive sales volume and also provide complaints available 24 hours.
November 28, 2018, 01:13:49 AM
I can't be said to be a great trader because I only do it occasionally. Even so there are several factors that I have always noticed before choosing an exchange to trade and the main factor is the volume of trading on the exchange. If the exchange has a large trading volume, I think there are many people who believe in the exchange so that they can provide a plus for newcomers, and the second is security.
November 22, 2018, 09:09:41 AM
The reputation and security are important issues to consider when choosing the exchange. For traders, the number of supported cryptocurrencies, payment methods, and liquidity also play a significant role. For me, margin trading offered by CEX (https://cex.io/margin-trading) is a critical issue. I know there are not many exchanges that provide this service today.
November 10, 2018, 10:29:07 AM
Good exchanges are always popular and most secure. I consider which exchange is better, exchange has more security systems, otp systems, Kyc security systems, popular, volume and market position etc.
November 10, 2018, 02:45:11 AM
I don't pay attention to the new exchanges unless there's a coin that I hold and its listed to that new exchange. But that's not all, I'll check if the volume there is quite good but if its totally zero, why would I'll waste my time trading there?
The security shall always go number one concern but don't trust it completely to the exchange. Be a responsible trader not only with your trades but together along the way you keep your records. We are also the one that must be liable and vigilant to it though the number one concern should really go first. But considering what's good now is easy, if you'll just echo with the crowd.
Yes you’re right, it’s not good to pay attention to all as long as you’ve got the tested and trusted ones. The only time one can choose to go for another exchange is when they are holding and they find out that it is listed on a new site which they would like to trade. And before you go for that new exchange, it’s best to make a lot of research about them and even read reviews online about them before considering it as an option. The security shall always go number one concern but don't trust it completely to the exchange. Be a responsible trader not only with your trades but together along the way you keep your records. We are also the one that must be liable and vigilant to it though the number one concern should really go first. But considering what's good now is easy, if you'll just echo with the crowd.
November 10, 2018, 02:41:22 AM
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.
Since you have already got all those exchanges why still looking for me? And by the way you’re trading on too much exchanges, if I were you, two or three is enough cause there is no need to be trading a lot of exchanges. Just choose the one that suits you better and works for you, the one you’re very sure is reliable. If you’re trading with many you will be confusing yourself. And if you keep on jumping from one exchange to the other you might end up on an exchange that will turn out later to be scam and lose your money. November 09, 2018, 01:36:12 PM
Firstly, note that it is not advisable to leave your cryptocurrency on any exchanges for long regardless of the perceived level of security. They may be hacked. What I do mainly is to check the review of the exchange from users. I get a lot of feedbacks doing this. All I need to know about security, customer care etc will be revealed.
Thank you! I also do that sometimes, I will keep that in mind next time before considering signing up on a new exchange 
users are the most reliable when it comes to an exchange and platforms experience. November 08, 2018, 10:21:54 AM
I do invest in trading site if this is already run for so long period of time here in crypto that's my first to consider, second of course if this is really popular, lastly reputation, then i will only invest a little then add more after i already know that this is good for doing trading like the convenience that they can bring everytime i use their site actually i always do invest to study different site because i rely in experience not in the bad things happen to other users like if they say that they got scam i will still use that if i don't really experience it so all are good for me now like even some users post not good in mercatox and cryptopia still i use this because i don't experience bad
November 08, 2018, 09:12:38 PM
Basically you are pointing to those numbers of new exchanges that popped out somewhere.
I will just consider using them once my token got listed there and will wait first for feedbacks by other users on that token group. And after hearing a bit of "good" feedbacks I will personally test the waters and the rest will be history. But take note that we must used our common sense to see that a new exchange is a sh*t or not
Since it's new, most of them are not popular yet. Up to others if they will wait for it to become "popular".
Since again, they are new. Implementation of their mobile app version is not present during their first phase in most of the cases.
I will just consider using them once my token got listed there and will wait first for feedbacks by other users on that token group. And after hearing a bit of "good" feedbacks I will personally test the waters and the rest will be history. But take note that we must used our common sense to see that a new exchange is a sh*t or not
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.
Since it's new, most of them are not popular yet. Up to others if they will wait for it to become "popular".
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
Since again, they are new. Implementation of their mobile app version is not present during their first phase in most of the cases.
I also sign up for a new exchange when my coin is only listed there but almost every exchange require personal info and i must admit there are times when i would just deposit my coin and opt not to trade that very same day simply because i dont think the price is not reasonable yet. Thank you for sharing your insights. I always appreciate people taking their time to help. Cheers!
November 08, 2018, 08:28:33 AM
Firstly, note that it is not advisable to leave your cryptocurrency on any exchanges for long regardless of the perceived level of security. They may be hacked. What I do mainly is to check the review of the exchange from users. I get a lot of feedbacks doing this. All I need to know about security, customer care etc will be revealed.
November 07, 2018, 02:29:35 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.
here everything is quite simple. Every self-respecting trader is looking for an exchange with a minimum withdrawal percentage, because all profit is considered as a percentage. That's the first thing to look at. The second thing I would like to draw attention to is the stability of the exchange. Not pleasant, when the exchange is often spent on technical work. This is very inconvenient and often leads to partial loss of funds. Third, you should look at the trading volume of a coin. This will allow you to quickly sell the coin in case of negative news or urgent need for money. There are still a lot of criteria for the selection of exchanges, but they are mostly individual. I hope you've already figured it out and are happy to share it with others) 
November 06, 2018, 10:48:45 PM
I don't pay attention to the new exchanges unless there's a coin that I hold and its listed to that new exchange. But that's not all, I'll check if the volume there is quite good but if its totally zero, why would I'll waste my time trading there?
The security shall always go number one concern but don't trust it completely to the exchange. Be a responsible trader not only with your trades but together along the way you keep your records. We are also the one that must be liable and vigilant to it though the number one concern should really go first. But considering what's good now is easy, if you'll just echo with the crowd.
The security shall always go number one concern but don't trust it completely to the exchange. Be a responsible trader not only with your trades but together along the way you keep your records. We are also the one that must be liable and vigilant to it though the number one concern should really go first. But considering what's good now is easy, if you'll just echo with the crowd.
November 06, 2018, 10:31:40 PM
Daily trading volume: maybe It’s the key to the trade-off between those platforms. You can use some sites like https://coinmarketcap.com/exchanges/volume/24-hour/
Technical support as I can not access the private keys for those currencies. Slow technical support is a negative indicator for choosing the platform.
Evaluation of the platform and related problems: Whenever there are a lot of unresolved problems related to the platform whenever avoided.
The rest of the things can be ignored.
Technical support as I can not access the private keys for those currencies. Slow technical support is a negative indicator for choosing the platform.
Evaluation of the platform and related problems: Whenever there are a lot of unresolved problems related to the platform whenever avoided.
The rest of the things can be ignored.
November 06, 2018, 05:51:03 PM
As a crypto software developer, I look at everything from the user perspective.
1. The user needs to be in complete control of funds. Once the coins are on the exchange, it's too late to try to secure them.
2. The user needs a frictionless transaction experience. People are tired of multi-step verification.
3. The user needs a way to share in the profits. There are enough fees being generated to spread the revenue fairly.
1. The user needs to be in complete control of funds. Once the coins are on the exchange, it's too late to try to secure them.
2. The user needs a frictionless transaction experience. People are tired of multi-step verification.
3. The user needs a way to share in the profits. There are enough fees being generated to spread the revenue fairly.
Good pointers! Really helpful. Not every exchange offers "share" in the profits. I wish every exchange would be required to do so in the future. Appreciate you and your time for sharing, Thank you
November 06, 2018, 05:27:46 PM
what I searched first for the new exchange on Google or another big forum was how much the problem arose from the exchange platform, if many forums and other articles stated that I would leave it scam. but if they only discuss technical issues in the exchange I will consider it.
November 06, 2018, 02:56:03 PM
Basically you are pointing to those numbers of new exchanges that popped out somewhere.
I will just consider using them once my token got listed there and will wait first for feedbacks by other users on that token group. And after hearing a bit of "good" feedbacks I will personally test the waters and the rest will be history. But take note that we must used our common sense to see that a new exchange is a sh*t or not.
Since it's new, most of them are not popular yet. Up to others if they will wait for it to become "popular".
Since again, they are new. Implementation of their mobile app version is not present during their first phase in most of the cases.
I will just consider using them once my token got listed there and will wait first for feedbacks by other users on that token group. And after hearing a bit of "good" feedbacks I will personally test the waters and the rest will be history. But take note that we must used our common sense to see that a new exchange is a sh*t or not.
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.
Since it's new, most of them are not popular yet. Up to others if they will wait for it to become "popular".
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
Since again, they are new. Implementation of their mobile app version is not present during their first phase in most of the cases.
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