Topic: What are your key reasons of choosing a particular exchange for trading? - page 2. (Read 1198 times)
January 08, 2019, 02:14:52 AM
key reasons ? no i dont have a key reasons on why i will choose or favorites a certain exchange whats really important for me is that i can trade my coins . ill visit any exchange sites and check whether they already support the coin that hodl or not . if ever the coin is listed on a low volume exchange , i will still insist to trade it because i dont like waiting times but if its only btc and eth of course ill go to the best exchange such as binance , kucoin and hitbtc .
January 08, 2019, 01:06:36 AM
having good support for trading environment like enabling traders to have lots of technical indicators and providing them versatile charting tool kind of things will be attractive to choose one particular exchange for trading in my view too.
Honestly I do not need these many features because I'm rarely using them as I am no more into active trading for many reasons. I believe many people already had turned as the long term holder hence at least with respect to crypto trading, this kind of rich features are less significant for attracting more number of new traders. I believe these are the demand of active traders still I'm not sure how many of them will be making use of these.currently most people are choosing exchanges based on trading volume and availability of one trading pair.
This must be the reality. Like most people here, availability of a coin/token is the core deciding factor for choosing one particular exchange. When there are multiple exchanges are having same coin/token, I will go with better prices for my coin along with enough volume. 
January 07, 2019, 05:46:39 PM
Well, in general, a few good reasons for choosing an exchange includes, good customer support team that could respond to any customer concern not exceeding 24hrs, low trading fees, no KYC (if necessary), and a simple page design that could not make the customer confuse during the first visit. There are more reasons to choose a good trading platform or exchange, yet this are just few of primary reasons.
January 07, 2019, 01:54:17 PM
A good exchange must have easy to use trading platform, a trusted name name and good chart for tech analysis will surely attract me trade with them.
Low liquidity is surely a no no for me, good liquidity gives opportunity to cut your position at competitive rate.
How a platform will be easy to use ? Because I am seeing almost all the exchanges are having similar functionality and there will be no big complexity across exchanges. If you get familiar with one exchange then I believe you can use any exchange without any difficulties. Ease in trading platform cannot be a criteria in my view.Low liquidity is surely a no no for me, good liquidity gives opportunity to cut your position at competitive rate.
But, having good support for trading environment like enabling traders to have lots of technical indicators and providing them versatile charting tool kind of things will be attractive to choose one particular exchange for trading in my view too. But currently most people are choosing exchanges based on trading volume and availability of one trading pair.
January 07, 2019, 12:25:49 PM
Hello,
1. What are your personal the must-haves for an exchange to be of any interest to you?
2. Is low volume and liquidity a big "no go" to you? Or do you approach such exchanges as potential interest for market making or arbitrage (small exchanges are responding to volatility slower and this may give some good arbitrage opportunities), etc.
ps: we are launching a new crypto-to-FIAT exchange (starting with /EUR pairs) and would love to get tips from the crypto community on their needs in order to built durable exchange.
Thanks in advance,
Art
1. What are your personal the must-haves for an exchange to be of any interest to you?
2. Is low volume and liquidity a big "no go" to you? Or do you approach such exchanges as potential interest for market making or arbitrage (small exchanges are responding to volatility slower and this may give some good arbitrage opportunities), etc.
ps: we are launching a new crypto-to-FIAT exchange (starting with /EUR pairs) and would love to get tips from the crypto community on their needs in order to built durable exchange.
Thanks in advance,
Art
A good exchange must have easy to use trading platform, a trusted name name and good chart for tech analysis will surely attract me trade with them.
Low liquidity is surely a no no for me, good liquidity gives opportunity to cut your position at competitive rate.
Best of luck for your new venture, I would suggest you to launch your exchange with advance chart view with extra indicators
January 07, 2019, 08:49:05 AM
I just solely base on popularity. It's like when I don't what movie, anime or tv-series to watch, I just based on the rankings made on video review and it always works for me. Kucoin and Binance are still on the top for me after I discovered it getting mentioned always.
The more popular an exchange means that the place is already trusted and yes, picking an exchange based on popularity could be good. I use binance and kucoin too but it isn't too often. My main exchange is still, indodax, an exchanger from my own country. It is because such place already exist for a longer time and it's support IDR(my local currency). I prefer to trade with crypto/fiat pair instead of crypto/crypto pair.
January 07, 2019, 08:33:07 AM
I just solely base on popularity. It's like when I don't what movie, anime or tv-series to watch, I just based on the rankings made on video review and it always works for me. Kucoin and Binance are still on the top for me after I discovered it getting mentioned always.
I still prefer using Binance because its safety is considered the best at this time. People can come up with many different options but I think Binance will dominate all future exchanges and no exchanges can compete directly with Binance at this time. January 07, 2019, 07:30:47 AM
I just solely base on popularity. It's like when I don't what movie, anime or tv-series to watch, I just based on the rankings made on video review and it always works for me. Kucoin and Binance are still on the top for me after I discovered it getting mentioned always.
January 07, 2019, 06:54:36 AM
I am very much consigned with the volume of coin traded daily in an exchange and its security features which is very important as we are all aware of hackers who easily hacked accounts that are very vulnerable and unsecured that is why I traded with reputable exchanges.
By using coinmarketcap, I am also choosing exchange based on higher volume. But, I just want to know how you are are checking the security of an exchange ? Do you mean security features of an exchange or you are referring to 2nd factor authentication kind of features (for example) which is common feature most exchanges are providing for securing our trading account ? I like to get more information about what are the security measurements, an exchange is taking to protect themselves and what are cross check provisions so that we may to verify them ?Most of the times, I am choosing an exchange by checking the availability of a coin pair I'm looking to trade. When two or more exchanges are available then I will go with higher volume. Most importantly, I will check with this forum for their legitimate. If they are requiring KYC to withdraw then I will never consider them.
January 07, 2019, 01:09:23 AM
Maybe allowing users to withdraw coins and btc even without submitting KYC but limited of course. There are still exchanges that works this way such as cryptopia which users like me who just trade with few capital not reaching up to 3 btc can freely do it without submitting IDs. Can you do this to your exchange?
Yes and aside from reputation and volume, the security features of binance is a way more far from cryptopia. I don't wanna risk my assets just because I can withdraw anytime a large amount. Nothing can replace a good sleep because you knew that your coins are safe rather than poor security.
January 06, 2019, 05:42:59 PM
Security. What security procedures do they require, KYC, additional verifications, 2fa, additional security and login system, how do they handle potential or real hack attack, how accurate and forward they are in cutting losses and getting back on track after a hack attack. Also, liquid and customer support available. All the things I've mentioned are present in Bitstamp and that is where I perform most of my trades. As a backup, I am using fox change which requires no additional verification and is quite handy if you urgently need to change your altcoins. This is an easy to use platform which offers instant change between altoins.
January 02, 2019, 10:01:29 PM
I trade only on a few exchanges and my primary thing which I look for is security how secure is the exchange. Secondly, I look for liquidity how much daily volume is that exchange having. Thirdly I look for how frequently they list new potential coins to their exchange.
Each person has his own way of trading, I am not the kind of person that is investing in new coins that no one has ever heard of, so if an exchange is secure and has enough volume most of the time that is enough for me to consider that exchange as a platform that I will use because my trades are restricted only to the most valuable coins that we have in the market. 
January 02, 2019, 09:43:25 PM
I choosed exhanges for trading if there is a lot of traders there but why? Because for sure those people will make a lot of research first before they trade and If I do research and if I see that exchanges site is good I will start trade after I review their features and information.
January 02, 2019, 03:52:58 PM
it is most secure for everyone and there is a standard volume that you like and provides a low cost to what you can afford. and you can choose what you want to use to exchange because there are so many exchanges that are pure and it's really safe. there is also security to protect against scam prevention.
January 02, 2019, 05:55:26 AM
I am choosing the big list of the coin with a low transaction fee, fast deposit and withdraw, have the highest security like 2FA, email verification, text message verification. Besides that, so far I use Poloniex, Bittrex, Binance, Mercatox, and from all of those exchange, I choose Binance as the main exchange and trade mostly in that site. For the other, I hold many coins, and it's waiting for the next pump. I use binance for daily or weekly trading. But if you want to launch the new exchange with EUR pair cryptocurrency, maybe I will need to familiarize first before I use to trade in your site.
January 02, 2019, 03:34:50 AM
Maybe allowing users to withdraw coins and btc even without submitting KYC but limited of course. There are still exchanges that works this way such as cryptopia which users like me who just trade with few capital not reaching up to 3 btc can freely do it without submitting IDs. Can you do this to your exchange?
January 01, 2019, 06:56:51 PM
I am very much consigned with the volume of coin traded daily in an exchange and its security features which is very important as we are all aware of hackers who easily hacked accounts that are very vulnerable and unsecured that is why I traded with reputable exchanges.
January 01, 2019, 06:55:18 PM
Maybe allowing users to withdraw coins and btc even without submitting KYC but limited of course. There are still exchanges that works this way such as cryptopia which users like me who just trade with few capital not reaching up to 3 btc can freely do it without submitting IDs. Can you do this to your exchange?
hero member
Activity: 2660
Merit: 651
Want top-notch marketing for your project, Hire me
January 01, 2019, 01:06:55 PM
Every cryptoneirs have the reasons why they chooses an exchange site but I particularly choose my own exchange site base of liquidity, the benefit, KYC, crypto to fiat level and customers support. However, I chooses Nexybit exchange because it a ease and simply to use exchange with no KYC and I get rewards everytime I trade on their platform which is more fun to me.
December 31, 2018, 10:26:39 PM
Everyone Wants to get safe on their money funds for trading with lots of issue so they avoid lossing money in dummy exchanges not good for trading.
Jump to: