What attracts you to a good crypto exchange? - page 11.

SistaFista

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Hexhash.xyz

Quote from: FinanceX on August 27, 2018, 11:59:28 PM

Although there are obvious benefits to using certain crypto exchanges over others such as high liquidity and the ability to use your fiat currency (not so difficult for those USD holders), but what other factors attract you to a crypto exchange?

Yes, the high liquidity exchange is very convenient to use. You can trading there without afraid your coin won't be able to sell in a good price.
Another thing to consider a good exchange is, how fast their process our withdrawals. If they slow, more peoples won't use them again.

Huruharacorp

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Quote from: Sandeep24 on September 11, 2018, 12:13:33 PM

There are several things for a good crypto exchange who attract me but one most important thing is secure environment feature.That is most important feature for crypto exchange as well investores also.

what do you mean by environmentally safe features in crypto ?
because in my opinion crypto is a market that can change at any time, and it's far from being safe and stable, for that we can only wait for the right moment

FinanceX

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Quick cashout needs to be an option. We want this market to be superior to banking!

Sandeep24

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There are several things for a good crypto exchange who attract me but one most important thing is secure environment feature.That is most important feature for crypto exchange as well investores also.

Hanebel

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Quote from: FinanceX on August 27, 2018, 11:59:28 PM

Although there are obvious benefits to using certain crypto exchanges over others such as high liquidity and the ability to use your fiat currency (not so difficult for those USD holders), but what other factors attract you to a crypto exchange?

I am fond with the concept of using a native coin on that particular exchange to have lesser fees, as what binance is offering. Now, I just recently attracted to binex trade which offers 70% of its daily revenues to its token holder. That's unusual but great for me. But, who would not want an exchange with less (or no) deposit and withdrawal fees?

alexhitch20

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Mostly high liquidity and fast withdrawals. Binance seems by far the best to me. Good support team is important too.

makerst

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Naturally, the percentage that I leave there is not a little important, but this is not the main thing, the main thing is that this service has already been checked by many people, and how you will do this I do not know, so try to do everything very transparently and give small guarantees.

Abiodun99

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Another huge advantage over stocks is that cryptocurrencies trade 24/7. No other market can claim that. Even the forex market closes over the weekend. This allows people with full-time jobs the ability to trade during their non-working hours, and anybody can continue trading after the stock market has closed.

guoyu78

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Quote from: nussy on September 06, 2018, 03:59:34 AM

I like an exchanges that easily use, where you can easily locate trade on it without any form of difficulties. Also an exchanges that has low transaction fees with fast interexchanges transactions. I also like exchanges that has good security features and offer some sort of incentives like voting of a coins to get listed freely and an exchanges that has good staff supports and efficient customer services.
All these make up a good cryptocurrency exchanges.

Well, UI may be something that could be of an advantage, but that does not really matter since you can use your API on any exchange to trade on any other preferable platform anyway. For instance I trade on bittrex, binance and Kucoin using tab trader on my android device.

However, what attracts me to an exchange most of the time is their reliability in terms of support, security and how reputable they are. However, fees is also one thing to consider when being attracted to an exchange which is why my best so far is binance, followed by Kucoin.

FinanceX

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Any traders use strictly the OTC model? A trading platform that is automatic and rewl-time is so much more fun to me. Part of the investment is the fun of it right? Cheesy

adroitful_one

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1GhxHtabWhEpdb7e7oEJ2vd542n33BwTHR

Quote from: FinanceX on August 27, 2018, 11:59:28 PM

Although there are obvious benefits to using certain crypto exchanges over others such as high liquidity and the ability to use your fiat currency (not so difficult for those USD holders), but what other factors attract you to a crypto exchange?

When I am looking for an exchange there are 2 things that I do immediately. The first thing I do is I check the reviews, what kind of reviews, are they good, are they bad or are they fake?

Then I look at the community how large is it, if It has a strong community and good reviews It may get my attention.

Also never forget to see how long a projects been around. If they were here 4 years before the pump to 20k (usd), and did not take everyones money and bounce then that is also a great sign!

I will not even give a new exchange a chance, I like mature teams for all of my investments, with a reasonable trust with the community!

Who backs the exchange?

Anam313

newbie

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It's security first of all? We all know how some exchanges got hacked and most of the accounts lost everything so I would say that security it's the most important feature of an exchange right now and on the 2nd post it's volume because without it, coins cannot survive.

jonsky05

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🔰FERRUM NETWORK🔰

Quote from: FinanceX on August 27, 2018, 11:59:28 PM

Although there are obvious benefits to using certain crypto exchanges over others such as high liquidity and the ability to use your fiat currency (not so difficult for those USD holders), but what other factors attract you to a crypto exchange?

Some factors that want of crypto users in a exchange is easy to use,the security of exchange and have great volume. And also fast transaction, because many people crypto disappoint if the exchange always pending the transaction.

iconoclast

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Matrix Built On An Ethereum Smart Contract

Quote from: bitkanu on September 08, 2018, 09:51:27 AM

Quote from: FinanceX on September 08, 2018, 04:06:52 AM

Quote from: FinanceX on September 08, 2018, 04:06:19 AM

Quote from: singularcrypto on September 07, 2018, 12:39:08 PM

The exact need factor. If I need fiat money to shop and eat everyday it will encourage me to crypto withdrawal and trading. On the other hand in my country crypto money is still not legalized by the government, so its use in transactions is still very limited and is still at least once to be used as a means of buying and selling goods.

Let's hope the security measures around crypto improve and that will force countries to seriously consider legalizing with soft but fair regulations

Or just go decentralized Cheesy

Decentralized exchange still not give a lot of guarantee if you have seen the binance hacked case and binance take the responsibility to give refund for those traders are getting impact caused by the hacked case of binance, in dex and then all of the risks will have become your own responsibility.

They don't need to since they don't get hacked. Every loss suffered by anyone relating to a decentralised exchange has been that they got tricked into logging in to a fake web page. That is not in anyway the responsibilty of the exchange. I have also seen centralised exchanges suffer losses caused by their failure to manage margin and then pass this loss to all their customers. Sorry, but if you keep your coins on a centralised exchange you are an idiot. Not only do you run the risk of hacks but you are also going to get hit if the exchange becomes insolvent. Not to mention the fact that some exchanges will lend your coins out to people who want to sell them short.

lienfaye

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Well the things I consider when choosing where to trade is the reputation, security, high volume, fast transaction, easy to use and has a great support team that can address the problem without hassle in my part.

Its important to choose an exchange that you are comfortable to use with hence you wont experience any problem if you use it.

btc78

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Eloncoin.org - Mars, here we come!

Quote from: FinanceX on August 27, 2018, 11:59:28 PM

Although there are obvious benefits to using certain crypto exchanges over others such as high liquidity and the ability to use your fiat currency (not so difficult for those USD holders), but what other factors attract you to a crypto exchange?

First and foremost is the security because this is what we all need for the safety of all our assets.

Second is the transaction fees and the speed this is more in need than any qualities of exchangers

I dont wanna mention my exchangers but this is the qualities they have for me

Jaggi90

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Activity: 476

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The first thing which attracts me to a good exchange is its user interface. If the interface is friendly , I can easily trade without any problem. Coins are almost same in every exchange but I prefer interface to be user friendly.

juljon18

full member

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For me after high liquidity I look for an exchange with high withdraw limits. Nothing worse than these shit exchanges which traps your money and holds it ransom for your personal government documents. Any exchange which requires identity check and me sending my documents in is a no go for me.

FinanceX

copper member

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We need to see cryptoexchanges evolve so that they are easy to use for the average public. Without this, mass adoption may be a lot slower in coming

FinanceX

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