We own our private keys only on decentralized exchanges this is why I prefer them even if they are not user friendly.
On centralized ones if they are hacked we can lose our funds, this is what I hate the most.
Another thing I hate are the withdrawal limits. I keep my funds on exchanges only when trading.
Topic: What do you hate the most about your current exchange? - page 2. (Read 797 times)
It doesn't even matter which one I use, but my transactions are stuck so often that I sometimes freak out. That has to stop. It has to work smoothly.
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?
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. 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?
Nothing, aside from adding random dodgy sketchy coin
Basically i use almost all the realiable one like IDEX, binance, Bitfinex and so
However the most thing i hate is adding those dodgy coin. (Anyhow, as an exchange there are suppose to list any coins tbh imo. This is because as an exchange you are serve as a medium and as a platform to allow people to trade, but not filter the good coins for people.)
But, i like how exchange filter coins before adding them because this shows that they wanted to have a good long run on their business
Today for me the most important stock exchange is Binance. There are very low commissions on trades and high volumes of trades. Basically i use almost all the realiable one like IDEX, binance, Bitfinex and so
However the most thing i hate is adding those dodgy coin. (Anyhow, as an exchange there are suppose to list any coins tbh imo. This is because as an exchange you are serve as a medium and as a platform to allow people to trade, but not filter the good coins for people.)
But, i like how exchange filter coins before adding them because this shows that they wanted to have a good long run on their business
Nothing, aside from adding random dodgy sketchy coin
Basically i use almost all the realiable one like IDEX, binance, Bitfinex and so
However the most thing i hate is adding those dodgy coin. (Anyhow, as an exchange there are suppose to list any coins tbh imo. This is because as an exchange you are serve as a medium and as a platform to allow people to trade, but not filter the good coins for people.)
But, i like how exchange filter coins before adding them because this shows that they wanted to have a good long run on their business
Basically i use almost all the realiable one like IDEX, binance, Bitfinex and so
However the most thing i hate is adding those dodgy coin. (Anyhow, as an exchange there are suppose to list any coins tbh imo. This is because as an exchange you are serve as a medium and as a platform to allow people to trade, but not filter the good coins for people.)
But, i like how exchange filter coins before adding them because this shows that they wanted to have a good long run on their business
This is really good and genuine question. Whenever a user uses exchange, finds few flaws in it which makes him or her a bit uncomfortable for trading.
For me there are two things.
First is, exchange fee. Sometimes I feel that the exchange is for large investors or traders and not for small investors like me. In such situations, it becomes difficult to purchase or send only few tokens from exchange.
Second important thing I feel is lack of availability of tokens on exchange. Not every exchange is supporting all altcoins. This in turns makes it difficult to manage different exchanges for different altcoins to trade.
I definitely agree with you buddy. All of your concerns regarding the crypto exchanges present nowadays still have flaws within that still make people to demand and find more and more exchanges which will satisfies their own contentment. But truly, your first reason why you hate your current exchange is about the fee. Well for me, I have the feeling of that. The exchange fee is too high that only few people can afford. So how about other crypto user that only have few with them that is also wanted to use that exchange? Isn't it a bit frustrating. And another thing that you mentioned is about the availability of all the altcoins in the exchanges. This happens to me honestly. It is really hard to handle so many exchnges just because of this matter. Of course if you have many exchanges, it is very unconvenient as you need to manage different exchanges in different altcoins you have. For me there are two things.
First is, exchange fee. Sometimes I feel that the exchange is for large investors or traders and not for small investors like me. In such situations, it becomes difficult to purchase or send only few tokens from exchange.
Second important thing I feel is lack of availability of tokens on exchange. Not every exchange is supporting all altcoins. This in turns makes it difficult to manage different exchanges for different altcoins to trade.
I have a mobile connection and the IP changes quite often, here I had a grief, I lost my phone and had to change 2FA on the exchanges. Difficulties arose with Binance, I proved everything, but they wrote to me that I have a different IP address and in order to qualify I have to do a number of such actions that even a patient person could not afford, I had to say goodbye to my account and funds. I like the fact that the exchanges care about our security, but I would like to simplify the process and not check the user for patience with unrealistic requests. Also agrees with you that the simplicity in the conclusion and when buying a fiat would not hurt.
What I don't like Exchange is expensive transaction costs. And to withdraw money very long until it enters our savings. And for security now it might be much better because some Exchanges have increased security.
I was often to use my local exchange to trading or save my funds and i mostly hate the fees because usually i have to pay twice if i want to convert my bitcoin or altcoins to my local currency even for withdraw fee it was so big enough for me because they cut 5% from my initial balance which mean if i want to withdraw 1 btc then i have to pay 0.05 btc for the fees and it's really annoying me
Hacks on the centralized exchanges which can be the most hated thing by everyone and in history big exchanges even got hacked so it can happen with same too so we need to use decentralized exchanges more while doing trades.
Indeed, I hate the way hackers can manipulate a centralized exchange to the fact that it is more secure than a decentralized exchange. If I could make an exchanges I will be implementing the most secured one so that people that using it will not be in risk. Double the security or even triple it.If all of exchanges will do these, the economic stability of the cryptocurrency will rise and many businesses will ride in. Furthermore, I also like decentralized exchanges because you can control your own private key unlike in centralized, but the mere fact is you need to be careful hiding your private key to avoid phishing or fraud.
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?
You don't have access to private keys of your funds on exchanges? I know that some exchanges provide security measures in form of private keys, passwords or two step verifications upon Registerations. You should store those to be sure you own your funds.
I don’t like the fact that the price of the commission for withdrawal, for example ERC20 tokens on such exchanges as HitBtc, Bithoven and some others, is taken in tokens that I want to withdraw and this commission is too high, much higher than on other exchanges. I also don't like that in certain cases, HitBtc may require confirmation of the honest origin of those coins that I trade or want to withdraw from the exchange.
hitbtc is the worst exchange i have ever seen. this exchange site is not only putting big fees for withdrawal but remember hitbtc was putting a very shady rules to the traders. just like when you have deposited 5300 tokens and you can only use 5000 token and the rest can't be used and this is a corrupt. 
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?
all must want as you want there to be changes and there are improvements that can make it easier for us to exchange. but it requires a long time. I hope so, I believe the crypto future will be better than before and will experience many mutually beneficial changes with each other. 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?
If you want to own your private keys, you need to use decentralized exchanges. I think in the future there will be smartcontract on such exchanges for insights cryptocurrency into Fiat without intermediaries.
From my current exchange what I hate the most, is that now the stable currencies are being manipulated, they will not have a match to FIAT money, if I want to pass my balance to FIAT the currency that I thought it was and kept it protected, Now it has a series of terms that can be backed under another currency.
And also the fact of not being able to place Stop Loss or Take Profit in the same trading order at the same time.
As well as not being able to do trade to the downside, because there is no option, then I am already thinking that the only Exchange that if it has all the options I want, to enter, they require me to have at least $ 10k or the equivalent in cryptocurrencies.
This represents a problem when making my investments, because there are certain altcoins that I have hold, and they are only in that Exchange that is Level 1, but from a time ago to the current one it has been very questioned.
And also the fact of not being able to place Stop Loss or Take Profit in the same trading order at the same time.
As well as not being able to do trade to the downside, because there is no option, then I am already thinking that the only Exchange that if it has all the options I want, to enter, they require me to have at least $ 10k or the equivalent in cryptocurrencies.
This represents a problem when making my investments, because there are certain altcoins that I have hold, and they are only in that Exchange that is Level 1, but from a time ago to the current one it has been very questioned.
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?
I have done all these in the past and have come into conclusion on the best exchange that I feel is still perfect now, most of the exchanges I have used in the past, the only challenge I have had with them is their trading fee, I wish all good exchanges out there can make there trading fee as low as Binance because this is the major reason why Binance has edge over them aside their great services but exchanges needs to be careful so that Monopoly will not come into play in this system of decentralization. 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?
I don’t like the fact that the price of the commission for withdrawal, for example ERC20 tokens on such exchanges as HitBtc, Bithoven and some others, is taken in tokens that I want to withdraw and this commission is too high, much higher than on other exchanges. I also don't like that in certain cases, HitBtc may require confirmation of the honest origin of those coins that I trade or want to withdraw from the exchange.
If you complain about higher transaction fees, there are some which doesn't ask more.
There is not much to complain about exchanges after all if you don't like the current one, you can move on to another exchange. The only thing you might complain to is a coin without much volume in an exchange where its listed. Its going to be the fault of the team or to the community of the project.
You might actually like a particular exchange for one thing, which will make it difficult for you to switch to another, and at the same time hate something about that choice of exchange that you wish you could have influence over and change, but since one voice does not matter in doing so, people’s opinion on a thread like this might point their attention to it and make them change it which will make it perfect.There is not much to complain about exchanges after all if you don't like the current one, you can move on to another exchange. The only thing you might complain to is a coin without much volume in an exchange where its listed. Its going to be the fault of the team or to the community of the project.
If we keep dumping all exchange we are not pleased with for another, how then have we added any value to them other than using them as an exchange?
I use several exchanges, used to use a large number of exchanges, but reduced their number due to inadequate fees for transactions.Probably it is important for me when choosing exchange.
I am trying to trade on decentralised exchanges, because I do not have trust in centralised exchanges. I prefer to have full access over my funds and I do not want to lose it by making a deposit on a centralised exchange. For decentralised exchanges I wish the more trading pairs and not only with ETH.
Jump to: