There are so many exchanges out there. Also there are so many exchanges that have good liquidity. But, fees is my consideration to choosing what exchange that I will use. Specially for day trade. With minimum fees, we can take some profit at least 1%. It's easy. But if an exchange has 0,5% fees, it's make our profit less and lose.
Another reason to choose an exchange, they (exchange you choose) has support your country fiat currency. At this point, I choose Indodax. Because Indodax make make me easy to cash out my money to Indonesiaan Rupiah (IDR)
Another reason that is Good UI, Analysis tools and the next is Decentralized Exchange. Because Decentralized Exchange more safe.
Topic: What attracts you to a good crypto exchange? - page 13. (Read 36630 times)
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 always attracting on exchange who offering good interface and lower fee transaction. I am prefer choosing centralized exchange than decentralized exchange because i dont have to put my private key
I select exchange based on the rank of it volume and activities, also on the kind of token trading there if is mostly the token I have interest in and and see a better chance of the exchange not a scam exchange that doesn't have a good team or reveal it team and owner , which can be the most considerable aspect ,aslo the safety of the funds put in their care , though any thing can happen but with the team you can still be some percent sure how save you are if you don't compromise your details ,
When thinking of a good exchange, all I can think of currently is binance because their CEO is known, they have lesser trading fees which would make the traders save a good amount of coins since it is reduce and its coin itself is rising in demand because more people are using and buying it. When they have issues, they will address the issue immediately and not kept the users in the dark which would make them more trusted exchange.
Support team is also another thing use need to look at , on how proactive they are to respond to issue and the way and manner it's been addressed is very key .
Binance is also responsive when it comes to complaints which makes them a good exchange. People will feel secure knowing that when there are issues, they can just go to support so that it can be addressed as soon as possible. Many other exchanges lack this one because some of them do not answer for months.
I select exchange based on the rank of it volume and activities, also on the kind of token trading there if is mostly the token I have interest in and and see a better chance of the exchange not a scam exchange that doesn't have a good team or reveal it team and owner , which can be the most considerable aspect ,aslo the safety of the funds put in their care , though any thing can happen but with the team you can still be some percent sure how save you are if you don't compromise your details ,
Support team is also another thing use need to look at , on how proactive they are to respond to issue and the way and manner it's been addressed is very key .
Support team is also another thing use need to look at , on how proactive they are to respond to issue and the way and manner it's been addressed is very key .
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?
Fast, reliable, lower transaction fees and liquidity. All of them are essential to exchanges to attract investors and daily traders.
For me, the best way to attract traders will be the support team of the exchange. We all know that the crypto is congested and sometimes, a transaction can really take a lot of time. A good support team will be a huge magnet for traders especially if they can immediately talk to someone whenever they have issues with their transaction. Wide selection of alts also help attract traders.
24/7 support is crucial. They are holding our assets after all and their service needs to match or better that of a bank
For me, the best way to attract traders will be the support team of the exchange. We all know that the crypto is congested and sometimes, a transaction can really take a lot of time. A good support team will be a huge magnet for traders especially if they can immediately talk to someone whenever they have issues with their transaction. Wide selection of alts also help attract traders.
Its attract me most when the exchange has a good amounyt of volume in each evry altcoins listed on it, because i can chooce more options to make a trade on any altcoins with out worries on when it will be sold after purchase,and ofcourse a low transactions fee such an withdrawal fee and exchange fee.
It's ideal to have access to the growing altcoins. Exchanges that have the foresight to list these altcoins early are very attractive 
Its attract me most when the exchange has a good amounyt of volume in each evry altcoins listed on it, because i can chooce more options to make a trade on any altcoins with out worries on when it will be sold after purchase,and ofcourse a low transactions fee such an withdrawal fee and exchange fee.
Automatic trading platforms are way more fun than OTC style trading. This is what attracts me 
For those of you outside of the United States, what are you fiat-to-coin options like? This is something that needs to be more available to enable mass crypto adoption
For me a friendly user interface and a simple to learned on that website and the transaction fee is mostly will attracts on the user will be good one and a security of a website is very important also.
UI, low comissions, volume, nubmer of coins and of course reputation attracts me to crypto exchange.
Moreover I like margin trading, so this function is a requirement for me. Also decentralized exchanges are inreasing popularity
Yes but there are still added concerns with decentralized exchanges. But they will only get better and better as they are developed Moreover I like margin trading, so this function is a requirement for me. Also decentralized exchanges are inreasing popularity
UI, low comissions, volume, nubmer of coins and of course reputation attracts me to crypto exchange.
Moreover I like margin trading, so this function is a requirement for me. Also decentralized exchanges are inreasing popularity
Moreover I like margin trading, so this function is a requirement for me. Also decentralized exchanges are inreasing popularity
Thr simplicity and the policy that guide withdraw and deposit! Some exchange make it very difficult for account that is not in their jurisdiction to take easy withdraw. User interface is another Factor I consider before trading on Amy exchange!
Yes and it means transferring coins to another exchange to withdraw which often includes a transfer fee - not ideal
Thr simplicity and the policy that guide withdraw and deposit! Some exchange make it very difficult for account that is not in their jurisdiction to take easy withdraw. User interface is another Factor I consider before trading on Amy exchange!
For me volume is a must. Nothign worse than trying to obtain a large position and the volume not be there. Aside form that it needs a large withdraw limit with no KYC requirements. If I want to hand over all my personal information i will take the traditional bank and the federally insured deposit.
The KYC concern makes sense but I can understand why cryptoexchanges decide to use it. It protects them and many traders actually prefer it
Main reason for me is, security. Of course it is my
hard earned money, I should be careful with it.
hard earned money, I should be careful with it.
Liquidity for me is the obvious reason why I can only get into an exchange, either if it is centralized or decentralized. I should be able to place my orders and have them met at the shortest possible time for the orders to be fulfilled.
I am attracted to good exchanges - large trading volumes, a large number of currency pairs with USD, low fees and adequate technical support
Yeah, we have an extraordinary decision where we can exchange. The vital thing that I am pulled in to a Cryptocurrency Exchanges if their help is exceptionally responsive, and if there are issues in regards to with token withdrawals and lost of tokens they are making activities specifically and they will refresh us in regards to with our issues, and furthermore they are continually enhancing their trade in Securing our benefits. And that only some of those reasons. Your Thought?Jump to: