Topic: What attracts you to a good crypto exchange? - page 20. (Read 36632 times)
The most attractive thing about cryptocurrencies is its trading freedom and anonymity, because I only need one internet to trade with people all over the world, and it won’t be frozen.
Exchange is also the place I keep my money for trading, so I focus on big one. In fact, my trading is only happened on Binance. The other I have account and only used when I need to deal with the coin that is not on binance.
My most considered factor is the reputation. Next one is the speed. In the past I tried Bittrex and it was laggy all the time, same with cryptopia, sometime the laggy can cost you money because you miss the trade in the trend.
My most considered factor is the reputation. Next one is the speed. In the past I tried Bittrex and it was laggy all the time, same with cryptopia, sometime the laggy can cost you money because you miss the trade in the trend.
Support!!! Ask everyone about the support of these exchanges and the answer of all is "TERRIBLE!"
Submit a ticket in Binance and they'll get back to you in 15 days just to start resolving problems!
Go in Idex Telegram group and complain about their platform, you'll be kicked out! So support is lacking drastically
Submit a ticket in Binance and they'll get back to you in 15 days just to start resolving problems!
Go in Idex Telegram group and complain about their platform, you'll be kicked out! So support is lacking drastically
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?
The most important issue I considered when trading was definitely the security issue. In general, those large exchanges are relatively safe. Because they are big enough, there are enough users and the loop is big enough. Having these conditions means that the exchange's profits are very impressive, so they have strong strength. Even if there is a problem with the exchange, they have the ability to solve the problem. A good reputation and high level of security are a must along with decent customer support, low fees and fast deposits and withdrawals (competitions to win a sports car are optional)
Optional but preferable 
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
For me a good cryptocurrency exchange must has good and enthusiastic support team, low fee and fast transaction, fast deposit and withdraw. It also must have automated withdraw, only use manual withdraw for big amount.
A good reputation and high level of security are a must along with decent customer support, low fees and fast deposits and withdrawals (competitions to win a sports car are optional)
To trade well in cryptocurrency world you will need to do this in a very good exchanger so this is very important. One of those benefits that can attract you to a good exchanger is the volume and the market demand and a good market price
Yes, you have the right volume of bidding and demand really have a decisive factor. I always trade in popular exchanges that offer a good price and have a large amount of trades. 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?
The most important factors attracting users to an exchange are:
- Quick support service
- Security of funds
- marginal trading
- high liquidity
I look out for liquidity, more number of good coins/tokens, easy withdrawals and deposits with low fee. more number of coins so that i could switch them easily without having to convert them back to eth/btc and then send it to another exchange and then buy the coins I want. It saves time and transaction fee too. Of course if loss limit is there then that's a bonus.
In my opinion, there should be no fee to withdraw coins from an exchange and send them somewhere else. Exchanges should trust their platform enough to keep traders coins there, or perhaps that's the point. They know their exchange is inferior.
I look out for liquidity, more number of good coins/tokens, easy withdrawals and deposits with low fee. more number of coins so that i could switch them easily without having to convert them back to eth/btc and then send it to another exchange and then buy the coins I want. It saves time and transaction fee too. Of course if loss limit is there then that's a bonus.
To trade well in cryptocurrency world you will need to do this in a very good exchanger so this is very important. One of those benefits that can attract you to a good exchanger is the volume and the market demand and a good market price
There is another reason for me to trade in exchange except support fiat trading pair, like low fees, reputation, volume, fast response from the support, etc.
You have to be careful introducing fiat. Countries with a large population of traders definitely need their fiat with altcoin trading pairs. It makes for a much more interesting market when altcoins fortune isn't determined by that of Bitcoin and it gives educated traders more options.
The confidence that wherever theres a problem, a support will come to save the day.
The communication is very important to me and that's how I'm gaining trust to these exchanges.
If the exchange is well known to have a very poor support that discourages us right?
So that factor isn't only important to me but to everyone for sure.
When exchanges claim they have 24/7 support and you don't hear back from them for days, traders instantly lose confidence. They are holding your assets. They need to be able to reply quickly. The communication is very important to me and that's how I'm gaining trust to these exchanges.
If the exchange is well known to have a very poor support that discourages us right?
So that factor isn't only important to me but to everyone for sure.
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?
Depending on where you are in the world there might not be many options. If you are spoiled for choice you can pick the one with the lowest fees, that supports your fiat and where you can cash out as quick as possible. I would rather use an automatic trading system than an OTC exchange because I feel it is safer.
Been able to trade directly to my country fiat would be one of my obvious first choices cos as already mentioned, trading through different exchanges/platform before been able to get the Alts you want, cost some additional fees.
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?
Depending on where you are in the world there might not be many options. If you are spoiled for choice you can pick the one with the lowest fees, that supports your fiat and where you can cash out as quick as possible. I would rather use an automatic trading system than an OTC exchange because I feel it is safer.Been able to trade directly to my country fiat would be one of my obvious first choices cos as already mentioned, trading through different exchanges/platform before been able to get the Alts you want, cost some additional fees.
The confidence that wherever theres a problem, a support will come to save the day.
The communication is very important to me and that's how I'm gaining trust to these exchanges.
If the exchange is well known to have a very poor support that discourages us right?
So that factor isn't only important to me but to everyone for sure.
The communication is very important to me and that's how I'm gaining trust to these exchanges.
If the exchange is well known to have a very poor support that discourages us right?
So that factor isn't only important to me but to everyone for sure.
Sincerely before I do use exchange without considering any factors. But of recent, I discovered I need consider the charges both deposit and withdraw.
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