What attracts you to a good crypto exchange? - page 17.

aji567

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Activity: 728

Merit: 10

Quote from: MadaraAvenger on August 29, 2018, 10:54:22 AM

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.

Of course security is very important, I have experienced it and it's very sad. I hope that I will not repeat the hacking before. Volume is also considered because it affects the price of the coin.

I Like Bitcoin

copper member

Activity: 448

Merit: 14

The main thing that the crypto exchange was reliable. And the services of this exchange enjoyed a lot of people. Since here it will be possible to sell different types of coins faster.

tamango

full member

Activity: 602

Merit: 100

The most important factor for me is the presence of many altcoins so that I can trade between them without making lots of deposits/withrawals. Security is also very important evern if there's no totally safe exchange nowadays...

MadaraAvenger

member

Activity: 120

Merit: 10

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.

Todoroki

full member

Activity: 364

Merit: 100

Quote from: asriloni on August 29, 2018, 10:37:46 AM

Quote from: Indrawan77 on August 28, 2018, 06:03:51 PM

Fot me the most important thing in exchanges is the reputation, I saw a lot of exchanges being hacked, so now I only stick with the high reputation exchanges like bittrex and binance, good customer support also an important point, low transaction fees and a lot of good coin to trade

Bittrex has included on the list of worst exchange in this year, Look at the daily trade volume of bittrex and how it goes even lower than before. So many people have problems with it and that make all of them are migrating to the binance and okex. Reputation is a good thing but the main thing is about how they can manage their customer to provide the best service.

Other things that attracts me to other exchanges include the withdrawal fees, I will make sure that they have a low withdrawal fees and also the security, I will make sure that they implemented enough security challenge and kucoin is one of such exchanges.

asriloni

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Quote from: Indrawan77 on August 28, 2018, 06:03:51 PM

Fot me the most important thing in exchanges is the reputation, I saw a lot of exchanges being hacked, so now I only stick with the high reputation exchanges like bittrex and binance, good customer support also an important point, low transaction fees and a lot of good coin to trade

Bittrex has included on the list of worst exchange in this year, Look at the daily trade volume of bittrex and how it goes even lower than before. So many people have problems with it and that make all of them are migrating to the binance and okex. Reputation is a good thing but the main thing is about how they can manage their customer to provide the best service.

elloco4ever

sr. member

Activity: 623

Merit: 262

Quote from: icostairs on August 28, 2018, 03:50:53 AM

High volumes and liquidity. It is frustrating to see that a coin values a lot and when you check the volume, it is really low so the price fluctuates like crazy

When volume increases it makes everyone to exchange the crypto. Similarly when it goes down we need to be patience and hope for the best.

Bokugo

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Activity: 378

Merit: 100

Quote from: BALIK on August 29, 2018, 10:13:09 AM

All the people speaking about low fees don’t seem to understand that low fees per trade is bot paradise. I would rather pay higher fees than be up against an army of bots on every transaction. I think that for the most part, high liquidity is the most ideal parameter to look for, nobody likes an exchange that is completely dead.

I do not hold my assets on the crypto exchanges accounts but when I trading I have to be sure that my assets could not be stolen. Also I like the exchanges with good and useful user interface.

BALIK

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All the people speaking about low fees don’t seem to understand that low fees per trade is bot paradise. I would rather pay higher fees than be up against an army of bots on every transaction. I think that for the most part, high liquidity is the most ideal parameter to look for, nobody likes an exchange that is completely dead.

CnB

newbie

Activity: 47

Merit: 0

For me besides the obvious as security, volumes etc. is the interface,
Transferred a lot from exchanges to others as i liked the interface, only stay at some as they offer a coin that others dont.

Pamela1966

newbie

Activity: 196

Merit: 0

There are three things that I found appealing about crypto exchange, the first thing is a interface that is easy to navigate not some complicated ones, secondly liquidity and lastly the coin/usd pair which makes it easy to trade for Fiat without necessarily using the ethereum and btc pairs

Psynthax

hero member

Activity: 2366

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Quote from: andthereyou on August 28, 2018, 11:06:34 PM

Quote from: FinanceX on August 27, 2018, 10:59:28 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?

In my end, aside from liquidity and the ability to use fiat. The factors that attracts me to use a crypto exchange are, easy to use, lower fees, and easy to contact support in case something bad happen during deposit or withdrawal of funds.

as far as I know an exchange with high liquidity or popular usually tend to have quite bad support that it sometimes take a week just to get a single reply that usually is not solving the problem because they got overwhelmed with the amount of message they got but however it still can be tolerated because im sure that the error will not always come up everyday but the main thing that attract me is the probability of being scam quite low compared to new exchange that the owner itself is not revealing identity.

FinanceX

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Activity: 280

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A good exchange has a high level of security, low fees, a friendly user interface, fiat trading pairs and fast cash out.

wongdeso

member

Activity: 462

Merit: 10

This good exchange has attracted many people because of security, comfort, easy and fast. This certainly will be many who come and continue the goal, so as expected.

sofmyhad

jr. member

Activity: 238

Merit: 1

I find stable and checked exchanges very attractive, these characterisctics are very important in crypto and I rely on them only in the deal with exchange.

Lerikaweb

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Quote from: FinanceX on August 27, 2018, 10:59:28 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 usually pay attention to how long the withdrawal takes, how high the fees are and the reputation. There are my personal three whales))) But of course there are lots of aspects worth of attention besides these three.

cc80aa

newbie

Activity: 182

Merit: 0

Everybody need a supported exchanger not only for that but need also to reconsider the platform itself that have a friendly to the user itself. I dont like exchanger that its difficult to deposit and withrawal.

crypto-futures

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Activity: 70

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Quote from: FinanceX on August 28, 2018, 08:35:55 PM

Is anyone against the idea of introducing more fiat-to-coin trading pairs?

Fiat-to-coin trading pairs are crucial for the mass adoption of cryptocurrency. This gives it far better accessibility and paves the way to more utility.

I support fiat!!!

canaveralnonie

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Quote from: andthereyou on August 28, 2018, 11:06:34 PM

Quote from: FinanceX on August 27, 2018, 10:59:28 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?

In my end, aside from liquidity and the ability to use fiat. The factors that attracts me to use a crypto exchange are, easy to use, lower fees, and easy to contact support in case something bad happen during deposit or withdrawal of funds.

Yes, that's a good thing about crypto currency. Adding the private sender and receiver on it, which is good if want your identity to be unknown. All information is just a letter and number with IP address which is hard to track, for me this is the one of the main thing that attract me most.

andthereyou

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Quote from: FinanceX on August 27, 2018, 10:59:28 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?

In my end, aside from liquidity and the ability to use fiat. The factors that attracts me to use a crypto exchange are, easy to use, lower fees, and easy to contact support in case something bad happen during deposit or withdrawal of funds.

Topic: What attracts you to a good crypto exchange? - page 17. (Read 36630 times)