Topic: What are your key reasons of choosing a particular exchange for trading? - page 3. (Read 1198 times)
December 31, 2018, 02:02:57 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?
December 31, 2018, 01:51:39 PM
I think that the most important things are running legitimate business and quality customer support. That is why it's important to check exchange reputation and history, are there any scam accusations or law enforcement actions against exchange, are they performing KYC checks.
To my opinion volume of trading is not so important but on the other hand this will also come with all mentioned conditions fulfilled. I think there are so many exchanges, maybe even too much and sometimes it looks that is hard to choose the right one but on the other hand you can always get the list of trustworthy and recommended exchanges, even here on forum.
To my opinion volume of trading is not so important but on the other hand this will also come with all mentioned conditions fulfilled. I think there are so many exchanges, maybe even too much and sometimes it looks that is hard to choose the right one but on the other hand you can always get the list of trustworthy and recommended exchanges, even here on forum.
December 31, 2018, 09:41:23 AM
I think everyone is just focusing on the history side of things and check if the exchange is trustworthy by previous testimonies.
For example binance is not as old as some of the other exchanges but they became one of the biggest by doing marketing amazingly by allowing people to get less transaction fee's and also allow people to offer affiliates and make money, that made them highest volume exchange pretty quickly because it gave people the chance to be an exchange for some people.
Moreover, what kept them so high was the fact that nobody had ever written a bad thing about them, you don't see people talking about how "binance took my money and I can't take it back" or how they were hacked or something. If you look at other big places like coinbase you see them putting fake volumes and keeping peoples money without paying them all the time which makes them less trustworthy.
Hence, when we are selecting an exchange, we go for the one with the least problems.
For example binance is not as old as some of the other exchanges but they became one of the biggest by doing marketing amazingly by allowing people to get less transaction fee's and also allow people to offer affiliates and make money, that made them highest volume exchange pretty quickly because it gave people the chance to be an exchange for some people.
Moreover, what kept them so high was the fact that nobody had ever written a bad thing about them, you don't see people talking about how "binance took my money and I can't take it back" or how they were hacked or something. If you look at other big places like coinbase you see them putting fake volumes and keeping peoples money without paying them all the time which makes them less trustworthy.
Hence, when we are selecting an exchange, we go for the one with the least problems.
December 31, 2018, 08:51:24 AM
liquidity is the major factor for any exchange but in order to get it you have to build trust among the traders and provide low fee or trading competition to attract traders.so security,liquidity and reward scheme can attract traders in short time .but i think there is one more factor which play crucial role i.e accessibility(desktop and mobile app) ,binance in just a few year become the most preferred exchange bcz they have everything,security +apps+low fee+trading competition.
What rewards are good/attractive for you? "cause we'll feature affiliate programme and we've got some planned omissions (based on competition actually), but I'd like to check those with you guys. You tell first
Low fees - what fees do you consider low for maker and taker? And, if you can, can you please name your monthly trading volume per exchange.
December 31, 2018, 07:51:18 AM
Most people wish no id verification, but as I noticed you are going to offer € pairs kyc procedure is a must have otherwise you operate illegal.
Beside that exchange that offer low fees, high volume and a nice referral program and contest is very attractive.
Yes, KYC is a must for us since we are building crypto/FIAT markets. That's what I'm trying to tell people: if trading involves FIAT money, there's almost no way around it. KYC is a must. And frankly, this (KYC/AML "thing") is OK for us, 'cause we are trying to build a sustainable business. Fingers crossed.Beside that exchange that offer low fees, high volume and a nice referral program and contest is very attractive.
Here are the following criteria I used to put in place before choosing an exchange; Security, Liquidity, low-cost of trading rate, high volume and fast response of the supporting.
What are your main support issues? Meaning, what kind of issues do you experience? I bet 80% of those are payments related which, if AML is performed well, are somewhat of natural process (some operations just must be checked and investigated manually). Please, elaborate your personal support experience.
liquidity is the major factor for any exchange but in order to get it you have to build trust among the traders and provide low fee or trading competition to attract traders.so security,liquidity and reward scheme can attract traders in short time .but i think there is one more factor which play crucial role i.e accessibility(desktop and mobile app) ,binance in just a few year become the most preferred exchange bcz they have everything,security +apps+low fee+trading competition.
What rewards are good/attractive for you? "cause we'll feature affiliate programme and we've got some planned omissions (based on competition actually), but I'd like to check those with you guys. You tell first
Low fees - what fees do you consider low for maker and taker? And, if you can, can you please name your monthly trading volume per exchange.
December 31, 2018, 07:33:49 AM
liquidity is the major factor for any exchange but in order to get it you have to build trust among the traders and provide low fee or trading competition to attract traders.so security,liquidity and reward scheme can attract traders in short time .but i think there is one more factor which play crucial role i.e accessibility(desktop and mobile app) ,binance in just a few year become the most preferred exchange bcz they have everything,security +apps+low fee+trading competition.
December 31, 2018, 06:01:55 AM
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
Here are the following criteria I used to put in place before choosing an exchange; Security, Liquidity, low-cost of trading rate, high volume and fast response of the supporting. 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
December 31, 2018, 05:50:16 AM
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
Most people wish no id verification, but as I noticed you are going to offer € pairs kyc procedure is a must have otherwise you operate illegal.
Beside that exchange that offer low fees, high volume and a nice referral program and contest is very attractive.
December 31, 2018, 05:01:57 AM
"low" in a way is a relative term.
Basically, I agree that "low" is relative with one's actual trading power. What depth is good enough for you? What's your average order size?Secondly, I look for liquidity how much daily volume is that exchange having.
What volume seems to be enough for you to be confident to trade? What I'm interested in is the daily trading volume of your new exchange. Please give me some information about it. thanks.
It is not launched yet, so 0 volume....and the altcoins who are listed in it too.
What altcoins are you interested the most? Do you trade in FIAT pairs? I personally prefer to choose exchanges with more lax verification or none at all..
We're doing FIAT pairs, so KYC, AML is a just must to get company accounts in banks. I also think, that all that anonimity thing won't last long. And let's be frank here: KYC haters are mostly tax evaders Anonimity issues have nothing in common with sustainable economy, imho.Second thing is how they can give me solutions ( services ) about users problems, such as unfinished transactions, delay and hacked account.
Yeah, good support is a must. Security is unquestionable priority, BUT you, as a user must be carefull too, 'cause most of the "hacks" are actually phisshing attacks. We've got some ideas (like secret phrases, emails, 2FA almost everything, ssl, etc) on how to help users avoid that, but beeing phishing-aware is mostly your responsibility. ... Yes, I am using Binance and I am okay with it since I can also do it with my smartphone.
Looking forward to see the exchange that you are talking about. I hope it will be in a legitimate way.
Our MVP does not include an APP, but it will be mobile-friendly since day one. Looking forward to see the exchange that you are talking about. I hope it will be in a legitimate way.
I will share the launch of it here (we'll probably launch it late in 2019 Q1).
December 31, 2018, 04:46:03 AM
When I choose a trading platform to exchange, I will often look at the volume and security level before sending my money to the exchange.
I don't need a platform for a cheap fee, I just need it to have a good security system and reputation.
I don't need a platform for a cheap fee, I just need it to have a good security system and reputation.
December 31, 2018, 04:28:16 AM
Arbitrage with a low volume exchange? Nah, it wont help. If no one will buy then it makes no sense.
Its gotta be hugh volume as your favorite exchange to make it happen. But that is a hard task with a high risk so I am staying with only one.
Yes, I am using Binance and I am okay with it since I can also do it with my smartphone.
Looking forward to see the exchange that you are talking about. I hope it will be in a legitimate way.
Its gotta be hugh volume as your favorite exchange to make it happen. But that is a hard task with a high risk so I am staying with only one.
Yes, I am using Binance and I am okay with it since I can also do it with my smartphone.
Looking forward to see the exchange that you are talking about. I hope it will be in a legitimate way.
December 31, 2018, 01:09:44 AM
Hello,
1. What are your personal the must-haves for an exchange to be of any interest to you?
1. What are your personal the must-haves for an exchange to be of any interest to you?
Good reputation , massive adoption , one of the top competetors in the market.
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.
Low volume exchanges might be too much of a risk for me ,because all it takes is one or two whales and they can play with the prices as they wish . High volume exchanges however , are way more stabalized ,although some groups might manipulate prices but it wouldn't be as bad as the low volume exchanges.
December 30, 2018, 06:13:50 PM
Obviously first high security measure second low transaction fees and easy to understand to use fast moving for buy and sell coins have reputation for the trading field.
December 30, 2018, 05:59:11 PM
Knowing the best crypto exchanges is one of the first and most important steps, especially for investors and traders. Because, we will invest our funds into the crypto format at the exchange where we buy. But the most important thing for us is: Easy to make purchases, Low exchange fees, Transfaran, Speed of getting bitcoin after buying, Having a good reputation, and the most important is security accompanied by two-factor authentication (2FA).
December 30, 2018, 05:23:05 PM
First of all security, this is the most important thing. Secondly, fee rates. I know that Bitstamp makes money even when you are asking for a transaction confirmation or any slip to confirm that your deposit was processed. This is really too much for me. And finally procedures and additional KYC verifications that most of the exchanges are asking for. I have recently started using a new exchange when I need to transfer my coins quickly, it is called fox. exchange https://www.fox.exchange/pair/BTC-ETH
It's not for some major trades but it makes your life a lot easier when you need an instant change. It is safe, quick, plus no ID needed. Those verification procedures always make me paranoid about the purpose and further usage of my documents.
It's not for some major trades but it makes your life a lot easier when you need an instant change. It is safe, quick, plus no ID needed. Those verification procedures always make me paranoid about the purpose and further usage of my documents.
December 27, 2018, 04:56:42 AM
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
1. For me, the first thing that must-haves for an exchange is "security". This important role is the key for an exchange so they can be trusted just by this, People of course won't let their assets dissapear to a group of irresponsible people. We know that there's no perfect security but atleast high security means its safe to be used.
2. If there's no other exchange to trade, then just make it there. Low volume and wide spreads become problem, i just make it if there's no other option beside that one
December 26, 2018, 07:40:25 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
I see their supply and demand, isn't good or not?. Second thing is how they can give me solutions ( services ) about users problems, such as unfinished transactions, delay and hacked account. Only those thing that I see from exchanges but of course they have different performance, system and attitude. I can't push exchanges become what I want but I can find what I need into them.
December 26, 2018, 05:54:13 PM
For me, I do love trading in an exchange that has plenty of liquidity as It usually gives room for little to no sideways volatility. I also take the exchange volume into consideration. Another's thing I look out for is how tight the security is. As the saying goes, It's better to be safe than sorry. While looking out for top volume exchange, I have to make sure my assets are safe.
December 26, 2018, 05:25:30 PM
I personally prefer to choose exchanges with more lax verification or none at all, which led me to largely use BitMEX and Binance until the former stopped letting American customers trade on their platform. Having a somewhat longstanding reputation and decent volume is something else I like to see in an exchange, as I don't trust exchanges that are exceptionally new or have low volume.
Good support and quick transactions are also things I look for in an exchange. Errors do occasionally pop up for any service, and when they do, it's important that you can get assistance as quickly as possible for an issue.
Good support and quick transactions are also things I look for in an exchange. Errors do occasionally pop up for any service, and when they do, it's important that you can get assistance as quickly as possible for an issue.
December 26, 2018, 04:09:45 PM
In this space where security is paramount, hacks can come upnat least expected times and nothing can get done about it. My first thing to look out in an exchange is security both in terms of funds and accounts too. In no particular order, the rest are volume, trading fees, trading pairs, support and user interface.
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