Topic: What do you hate the most about your current exchange? (Read 818 times)
Its not that I hate, but feel to have a change in what is done especially on the transaction fees and nothing else i feel need to be changed. I understand the business they do and there is a logic behind charging such a huge / decent fees for every transactions goes in and out (depends upon the exchanges). I just feel the fees are bit higher. What will a trader who trades with a small capital can bear? So it can be considered.
Maybe my worst problem right now is that I need to have an account in a lot of exchanges to be able to trade the different altcoins I have, because until now I have not found an exchange with enough versatility to work with most of the cryptocurrencies that exist so far. That is, in my personal case I have to do a strenuous daily work to visit almost twenty exchanges to make trading decisions, which makes my job as a trader quite impractical.
I'm really curious about what other people hate about their exchanges, maybe if we start complaining loud enough the exchanges will improve or new exchanges will solve these issues.
Right now what I hate is the fact that I don't have access to the private keys of my funds, I don't feel secure because of that.
Also, I would for the process to be simplified and streamlined, I want to buy crypto with Fiat as easily as I buy stuff on Amazon.
So, what would you change? what would you remove? and what would you add?
Having access to your private keys crypto assets stored on an exchange would be nice ( for centralized exchanges), I guess it would mean you will have to process your withdrawal by yourself. Some wallets already kind of have this feature, they offer a standard wallet with options to swap tokens with exchanges.The fee is usually higher. Right now what I hate is the fact that I don't have access to the private keys of my funds, I don't feel secure because of that.
Also, I would for the process to be simplified and streamlined, I want to buy crypto with Fiat as easily as I buy stuff on Amazon.
So, what would you change? what would you remove? and what would you add?
More and more exchanges, but the factor of security is not a concern for the teams and makes a lot of hacking cases happen so investors become wary of their current assets that suffer losses.
I'm really curious about what other people hate about their exchanges, maybe if we start complaining loud enough the exchanges will improve or new exchanges will solve these issues.
Right now what I hate is the fact that I don't have access to the private keys of my funds, I don't feel secure because of that.
Also, I would for the process to be simplified and streamlined, I want to buy crypto with Fiat as easily as I buy stuff on Amazon.
So, what would you change? what would you remove? and what would you add?
My worst exchanges is token.store and ForkDelta. They don't work very well with mobile devices. Maybe the owners need to further optimise them for all devices. Right now what I hate is the fact that I don't have access to the private keys of my funds, I don't feel secure because of that.
Also, I would for the process to be simplified and streamlined, I want to buy crypto with Fiat as easily as I buy stuff on Amazon.
So, what would you change? what would you remove? and what would you add?
The volume on some exchanges are just too low and that itself is a factor that can get one outrightly discouraged. Traders cannot use such exchange satisfactorily.
Then the use of bots by exchanges should be prohibited.
Then the use of bots by exchanges should be prohibited.
In my own case, I uses the two types of exchanges; that is, centralized and decentralized. In terms of centralized exchange, lack of control of assets and unfriendly withdrawal fees is what I hate most. Then in decentralized exchange, lack of user friendliness is what I hate also.
I also would not mind to add to all exchanges Fiat currency. In order for us to effortlessly change crypto to Fiat and back. It would be very convenient and would not need to spend money on the comission.
Most people hate at most exchanges, too much trading fees. We are many early-stage investors, so it's quite difficult to trade big amounts of money so we do not feel those taxes. I also hate that many potentially good projects are not listed on the best-known exchanges so I can trust my investments. I also think all exchanges should take more care of investor security.
Well, too many exchanges in my opinion now exist. And there is too complicated tax assessment. I sometimes get only $ 20 why should I give $ 5 to the exchange .... I often come across this situation, as it were.
Most people hate at most exchanges, too much trading fees. We are many early-stage investors, so it's quite difficult to trade big amounts of money so we do not feel those taxes. I also hate that many potentially good projects are not listed on the best-known exchanges so I can trust my investments. I also think all exchanges should take more care of investor security.
I'm really curious about what other people hate about their exchanges, maybe if we start complaining loud enough the exchanges will improve or new exchanges will solve these issues.
Right now what I hate is the fact that I don't have access to the private keys of my funds, I don't feel secure because of that.
Also, I would for the process to be simplified and streamlined, I want to buy crypto with Fiat as easily as I buy stuff on Amazon.
So, what would you change? what would you remove? and what would you add?
Right now what I hate is the fact that I don't have access to the private keys of my funds, I don't feel secure because of that.
Also, I would for the process to be simplified and streamlined, I want to buy crypto with Fiat as easily as I buy stuff on Amazon.
So, what would you change? what would you remove? and what would you add?
The main concern regarding an exchange remains the security.
I will never feel the same when I open my Exchange account compared to when I open my Ledger Nano S one. If I don't access the exchanges for more than 1-2 weeks, I always have a weird feeling when I'm reconnecting 😊 This never happens with a hardware wallet.
Fee is my main issue regarding this matter. Truly there are other issues to tell, but I really do hate to have a high fees in having an exchange. Being someone like me that only have not too much in wallet, it is very hard for me to have high fees. I know that others know and understand that way. If only I have to send few tokens, I have to pay such high fees which is very unreasonable to a small exchnagers like me. And not only that because it would be so hard to purchased only few tokens having the fee so high. And it is really annoying for me. But still, I do appreciates all the true and proud exchanges we all been using.
There are two thing I don't like with my exchanges.
One, the huge fee to trade coins. I don't know why exchanges charge huge fee to trade coins. Sometimes I see fees is more than what we want to buy or sell. it's very difficult in this situation and really have to think if it's really worth buying or selling?
By reducing the fees, exchanges can attract more users and thus their revenue.
Second thing I don't like is to have enough pairs to trade or even availability of few coins which someone wants to buy or sell.
Also security is also one of the concerns which is very much important at this moment.
Well, in this regard, if your exchange fails to join the trend by reducing their trading fee, I will advise you go on other exchange that can offer you these feature you are looking for, it is because of this exorbitant trading fee that many people believe that Binance trader makes more money than other traders which is quite true, because of their very low trading fee.One, the huge fee to trade coins. I don't know why exchanges charge huge fee to trade coins. Sometimes I see fees is more than what we want to buy or sell. it's very difficult in this situation and really have to think if it's really worth buying or selling?
By reducing the fees, exchanges can attract more users and thus their revenue.
Second thing I don't like is to have enough pairs to trade or even availability of few coins which someone wants to buy or sell.
Also security is also one of the concerns which is very much important at this moment.
High fee charged can really be killing sometimes, especially when you intend trading with a low money and then you realize that he fee charged would have even taking almost half of it away and you have to struggle to meet up with the amount charged before you can start talking about profit, so mate, try Binance.
Every exchange has advantages and disadvantages
Just like on my local exchange, there is something I hate on my local exchange (Indodax) like they don't provide us Stop-loss features for all coins (It just on some several most popular coins only). Also, their withdraw fee (both for fiat and coins) is quite expensive.
Just like on my local exchange, there is something I hate on my local exchange (Indodax) like they don't provide us Stop-loss features for all coins (It just on some several most popular coins only). Also, their withdraw fee (both for fiat and coins) is quite expensive.
Oh yes the withdrawal fee was unacceptable at some exchanges. Cryptopia took $25 for Bitcoin withdrawals at some point. I hope that was the most expensive one.
I'm really curious about what other people hate about their exchanges, maybe if we start complaining loud enough the exchanges will improve or new exchanges will solve these issues.
There is this exchange I am using that the transaction fee cost a fortune and of course, that transaction fee could have been an additional profit to me. Now, I am using an exchange call cat.ex with like 0 transaction fee because the transaction fee that you use will be turned into the platform's token with its real time value. 
Every exchange has advantages and disadvantages
Just like on my local exchange, there is something I hate on my local exchange (Indodax) like they don't provide us Stop-loss features for all coins (It just on some several most popular coins only). Also, their withdraw fee (both for fiat and coins) is quite expensive.
Just like on my local exchange, there is something I hate on my local exchange (Indodax) like they don't provide us Stop-loss features for all coins (It just on some several most popular coins only). Also, their withdraw fee (both for fiat and coins) is quite expensive.
I'm really curious about what other people hate about their exchanges, maybe if we start complaining loud enough the exchanges will improve or new exchanges will solve these issues.
Right now what I hate is the fact that I don't have access to the private keys of my funds, I don't feel secure because of that.
Also, I would for the process to be simplified and streamlined, I want to buy crypto with Fiat as easily as I buy stuff on Amazon.
So, what would you change? what would you remove? and what would you add?
Right now what I hate is the fact that I don't have access to the private keys of my funds, I don't feel secure because of that.
Also, I would for the process to be simplified and streamlined, I want to buy crypto with Fiat as easily as I buy stuff on Amazon.
So, what would you change? what would you remove? and what would you add?
What do you mean current exchange? Is it something that you handle personally? like the entire website and exchange is fully controlled by you? I guess this question is suited for limited persons only. Not applicable to those who are using exchange.
The exchange I have to change is to improve security. So customers are not afraid to invest in Exchange. And accelerate disbursement of funds to enter the customer account. So that everything changes so that customers are more comfortable and faster in making transactions.
There are two thing I don't like with my exchanges.
One, the huge fee to trade coins. I don't know why exchanges charge huge fee to trade coins. Sometimes I see fees is more than what we want to buy or sell. it's very difficult in this situation and really have to think if it's really worth buying or selling?
By reducing the fees, exchanges can attract more users and thus their revenue.
Second thing I don't like is to have enough pairs to trade or even availability of few coins which someone wants to buy or sell.
Also security is also one of the concerns which is very much important at this moment.
One, the huge fee to trade coins. I don't know why exchanges charge huge fee to trade coins. Sometimes I see fees is more than what we want to buy or sell. it's very difficult in this situation and really have to think if it's really worth buying or selling?
By reducing the fees, exchanges can attract more users and thus their revenue.
Second thing I don't like is to have enough pairs to trade or even availability of few coins which someone wants to buy or sell.
Also security is also one of the concerns which is very much important at this moment.
There are certain exchanges like coinbase where they always add a zero at the end and this way in the hurry to sell bitcoins you sell them at a low price.
It is unfortunate, it is a very hasty decision if she should sell her bitcoin with low prices. though I'm sure investment bitcoin will not lose, as long as we remain attentive to the market. Jump to: