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'm not a trader so there is not much i can say. But i like some exchanges that are user friendly and easy to use. And i love exchanges with mobile apps because it's convenient to used. The addition of 2FA in some exchanges is really good an added security to your account. I guess that's all I can say =) 
Topic: What attracts you to a good crypto exchange? - page 8. (Read 36630 times)
We like to rank the attributes like this:
1. Liquidity
2. Support
3. User Friendly UI
4. Portfolio Analytics
5. Social Aspect
We also saw the thread about using an .io domain rather than the .com, we went with .io because we thought we weould appeal more to tech savvy people. Would you guys agree with these rankings?
1. Liquidity
2. Support
3. User Friendly UI
4. Portfolio Analytics
5. Social Aspect
We also saw the thread about using an .io domain rather than the .com, we went with .io because we thought we weould appeal more to tech savvy people. Would you guys agree with these rankings?
actually, you're right. the other country needs to calculate its impact on currencies. this fall is an advantage for dollar holds. it can still be expensive compared to other currencies until costs are equalized.
those who invest in crypto. if the currency in their country depreciated against the dollar, they made a lucrative investment.
those who invest in crypto. if the currency in their country depreciated against the dollar, they made a lucrative investment.
the point is that we have to support each other so that we are able to break down an economy that is increasing or even decreasing, because this is the average used only for investment, so this is very good for the future which our descendants need.
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 like liquidity, fast interaction, low fees. Also cool is when they have more good tokens and coins and great exchange volume. I am partial to fast response from tech support and security level.
I prefer places with high anonymity and low transaction costs. In my opinion, one of the most important features of encrypting coins is anonymity, which is an important reason for my choice.
It's interesting to see that some traders prefer the KYC whilst most don't
Simple features not complicated, they don't require KYC for small transaction. Deposits and Withdrawals transactions both are fast and a lot of trading pairs.
I think what attracts me the most is the tendency to add more coins eventually, after all, I would like to use just one exchanger to trade, as it will bring more comfort while doing it.
Crypto exchange differ. Some of them list new tokens and others like Binance need certain product and volume to prove token quality.
Well, my choice depends on tokens I want to trade.
Also there are centralized and decentralized exchanges. But I don't see any competitive DEX, because all of them have disadvantages. For instance you can sell or buy tokens for extra high or small price by chance. Just imagine, you waste 10 eth for shitcoin which cost like 1 $. It is a sad reality on forkdelta and etherdelta.
Speaking about attraction, I appreciate UI, quantity of tokens, security and big volume. Also I hate trading bots.
I remember someone who bought AION using bitcoin valued at 50$ each, that time, AION was priced at around 5$ only. That's because of using a decentralized exchange. I admit I did trade on etherdelta on my early months in trading but I still prefer a centralized one.Well, my choice depends on tokens I want to trade.
Also there are centralized and decentralized exchanges. But I don't see any competitive DEX, because all of them have disadvantages. For instance you can sell or buy tokens for extra high or small price by chance. Just imagine, you waste 10 eth for shitcoin which cost like 1 $. It is a sad reality on forkdelta and etherdelta.
Speaking about attraction, I appreciate UI, quantity of tokens, security and big volume. Also I hate trading bots.
Currently, 99% of coin transactions are through centralized exchanges, although there are many decentralized exchanges that are ineffective and not easy to use. That is the downside that decentralized exchanges need to change first
Beside high liquidity, access to new coins (not existing on other exchanges), low trading fees, and
referral commissions attracts me the most when selecting a good exchange.
referral commissions attracts me the most when selecting a good exchange.
in addition to the benefits it has, of course there are other benefits of the token, especially if the token is useful to facilitate one's work. crypto has many conveniences so many of them go in exchange to exchange what they need
What attract me to a good crypto exchange is the multi security measures it uses to tame any form of hack.We have heard stories where huge amount of coins/tokens were withdrawn as a result of poor security measure put in place.
What attract me to a good exchange is the identity ,location of the CEO,and the team leaders in charge of exchange i use.
It helps to trace any form of fraud that might occur ,and when the founder of the exchange is known,the founder will be careful to avoid be prosecuted.
It gives me joy when i see the chart and how user-friendly the interface of the exchange I am using is.
I get attracted to exchange that has a robust network in terms of speed.I said this because some exchange takes hours before you can perform one trading task,and this ugly trend is time consuming .
I like using exchange with customer support that respond at the appropriate time not those neglecting support ticket being submitted to them.
As a day trader,i get attracted to good exchanges that list coins which possess high liquidity on the market not exchanges that list many shit tokens.
What attract me to a good exchange is the identity ,location of the CEO,and the team leaders in charge of exchange i use.
It helps to trace any form of fraud that might occur ,and when the founder of the exchange is known,the founder will be careful to avoid be prosecuted.
It gives me joy when i see the chart and how user-friendly the interface of the exchange I am using is.
I get attracted to exchange that has a robust network in terms of speed.I said this because some exchange takes hours before you can perform one trading task,and this ugly trend is time consuming .
I like using exchange with customer support that respond at the appropriate time not those neglecting support ticket being submitted to them.
As a day trader,i get attracted to good exchanges that list coins which possess high liquidity on the market not exchanges that list many shit tokens.
Let's hopr that more exchanges in the future incorporate fiat-to-coin trading pairs so coins are much more accessible and it's much faster to cash-out
Quick withdrawal ,very supportive not ignoring customers emails ,fair withdrawal fee this are what makes a good exchange but I prefer instant swap exchange like changelly and shapeshift.
In my opinion, there is an additional factor where the exchange looks popular because of the advantages it has, for example the appearance of the interface is unique and simple but does not interfere with other features. or it could be that the exchange offers multiple profits if they have tokens that come from the exchange.
Being that I am deeply interested in the cryptocurrency space, I am often asked about buying and trading bitcoin and other nascent altcoins. However, I do tell people that the most important aspect of investing in Bitcoin and other cryptocurrencies is to have a basic understanding of the underlying technology and best practices for safely securing tokens.
Many new speculators and “investors” are unfamiliar with how digital currencies are traded and how price discovery actually works. Unlike stocks, cryptocurrencies are traded 24/7 globally on different exchanges with few barriers to entry and minimal censorship. The price is determined by a free floating market exchange rate that is established by buyers and sellers on different exchanges around the world in different currencies and trading pairs.
Many new speculators and “investors” are unfamiliar with how digital currencies are traded and how price discovery actually works. Unlike stocks, cryptocurrencies are traded 24/7 globally on different exchanges with few barriers to entry and minimal censorship. The price is determined by a free floating market exchange rate that is established by buyers and sellers on different exchanges around the world in different currencies and trading pairs.
Crypto exchange differ. Some of them list new tokens and others like Binance need certain product and volume to prove token quality.
Well, my choice depends on tokens I want to trade.
Also there are centralized and decentralized exchanges. But I don't see any competitive DEX, because all of them have disadvantages. For instance you can sell or buy tokens for extra high or small price by chance. Just imagine, you waste 10 eth for shitcoin which cost like 1 $. It is a sad reality on forkdelta and etherdelta.
Speaking about attraction, I appreciate UI, quantity of tokens, security and big volume. Also I hate trading bots.
I remember someone who bought AION using bitcoin valued at 50$ each, that time, AION was priced at around 5$ only. That's because of using a decentralized exchange. I admit I did trade on etherdelta on my early months in trading but I still prefer a centralized one. Well, my choice depends on tokens I want to trade.
Also there are centralized and decentralized exchanges. But I don't see any competitive DEX, because all of them have disadvantages. For instance you can sell or buy tokens for extra high or small price by chance. Just imagine, you waste 10 eth for shitcoin which cost like 1 $. It is a sad reality on forkdelta and etherdelta.
Speaking about attraction, I appreciate UI, quantity of tokens, security and big volume. Also I hate trading bots.
If I can't cash out my assets quickly it's not worth it. Also, the liquidity on the platform is very important for matching orders
When it comes to choosing the exchange, I look which payment methods are available. And I like CEX for payment options. They allow depositing in USD, EUR, or GBP and withdrawing on cc/dc. By the way, their wire transfers are now completely updated: https://cex.io/wires-campaign/.
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