What do you hate the most about your current exchange? - page 4.

CryptoTech_

full member

Activity: 994

Merit: 106

Official Street Team member

Quote from: pekobites on March 12, 2019, 01:22:20 PM

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.

Do you know Decentralized exchange? You can get your own private key if you use it, and it is different from the centralized exchange, which you cannot get the private key

Quote

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.

I think local exchanges in your country can do that because I also use local exchanges if I want to buy crypto with fiat, and it's easy

Tipstar

sr. member

Activity: 1848

Merit: 298

Buzz App - Spin wheel, farm rewards

I have very little complaints about my choices of exchange. The only cons I find about them is the number of tokens listed and withdrawal fees.
Good exchanges are selective on listing tokens which misses the interest of traders to grab a promising coin at good price. And the withdrawal fees makes it difficult to make inter exchange trading possible.

ShowOff

legendary

Activity: 2618

Merit: 1181

Quote from: skiorf on March 14, 2019, 10:42:40 PM

There are things that i like and don't like on an exchange that we need to use our private key to login into, i think those kind of exchange could get easily take our account get compromised and will possibly makes our coins getting stolen.

Use wallet that only you use when you want to sell in DEX type. Because put our private key to something actually is bad idea. But if we use wallet that we only use for it, our main wallet still safe.

skiorf

sr. member

Activity: 812

Merit: 310

There are things that i like and don't like on an exchange that we need to use our private key to login into, i think those kind of exchange could get easily take our account get compromised and will possibly makes our coins getting stolen.

starblocks

hero member

Activity: 1344

Merit: 502

Unreasonably high fees, unexpected delays with deposits and withdrawals and poor customer service are just some of the main issues faced with centralized exchanges not to mention the threat of hacks and exit-scams so you're always taking a risk using any cryptocurrency exchange just focus on the most reputable ones that offer their customers a high level of security and reliability and never leave any funds on them that you aren't actively using

dobolspeed3

full member

Activity: 714

Merit: 100

Quote from: Bitfling on March 14, 2019, 08:34:56 PM

Quote from: omnik on March 14, 2019, 07:15:48 PM

Quote from: TheCrimsonFucker on March 14, 2019, 04:16:26 PM

What I hate most is the delay in making deposits, and sometimes blockchain has correctly confirmed the transaction! To Yobit for example, I remember it was too slow to load the trading page. This is definitely not cool! C-Cex was very problematic with emails! Some other problems are in the authenticator. Well, I could spend hours here listing things that annoys me in exchanges. Cheesy

Those exchanges sites that you have already mentioned are terrible exchange site and im not feeling any surprised about that dude. yobit and ccex are very well known as the worst exchange site in this year or this era. I will choose to avoid both of these exchange sites

Never use ccex and once using yobit. Many people said yobit is terrible exchange but i never had a problem with yobit. If the coin or token traded in several exchanger, i am prefer choosing reputable exchanger because its about security of my fund.

It looks like the yobit reputation is getting down. I have indeed heard that exchanges on yobits are very bad for some reason, of course. Of course a safe exchange is in great demand by everyone. Because this has a huge impact on our assets if an exchange is not safe.

Bitfling

member

Activity: 602

Merit: 10

Quote from: omnik on March 14, 2019, 07:15:48 PM

Quote from: TheCrimsonFucker on March 14, 2019, 04:16:26 PM

What I hate most is the delay in making deposits, and sometimes blockchain has correctly confirmed the transaction! To Yobit for example, I remember it was too slow to load the trading page. This is definitely not cool! C-Cex was very problematic with emails! Some other problems are in the authenticator. Well, I could spend hours here listing things that annoys me in exchanges. Cheesy

Those exchanges sites that you have already mentioned are terrible exchange site and im not feeling any surprised about that dude. yobit and ccex are very well known as the worst exchange site in this year or this era. I will choose to avoid both of these exchange sites

Never use ccex and once using yobit. Many people said yobit is terrible exchange but i never had a problem with yobit. If the coin or token traded in several exchanger, i am prefer choosing reputable exchanger because its about security of my fund.

Caladonian

hero member

Activity: 1302

Merit: 540

Quote from: omnik on March 14, 2019, 07:15:48 PM

Quote from: TheCrimsonFucker on March 14, 2019, 04:16:26 PM

What I hate most is the delay in making deposits, and sometimes blockchain has correctly confirmed the transaction! To Yobit for example, I remember it was too slow to load the trading page. This is definitely not cool! C-Cex was very problematic with emails! Some other problems are in the authenticator. Well, I could spend hours here listing things that annoys me in exchanges. Cheesy

Those exchanges sites that you have already mentioned are terrible exchange site and im not feeling any surprised about that dude. yobit and ccex are very well known as the worst exchange site in this year or this era. I will choose to avoid both of these exchange sites

You said it right, those exchange site who lack of support and always got a delayed and maintenance should be avoided, we have a lots of options
now and each time we plan selling our assets or engaging into a a trade we should find decent exchangers which we wont be having any trouble
since it's a money matters so we have to make sure that we are protecting our investment.

Nasonn

jr. member

Activity: 616

Merit: 1

I wouldn't be bothered about having private keys to my exchange wallets because it leaves it prone to being hacked just like mew private keys that can be siphoned by hackers.

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: pekobites on March 12, 2019, 01:22:20 PM

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?

If you do hate not to posses your private keys then better use DEX yet most centralized exchangers wont really give you that kind of
access when it comes to your keys thats why its really risky to put up your funds their for long time yet we wont know on when a
certain exchange would experience problem.

About purchasing crypto by fiat then expect you would always need to comply with KYC thing since you are dealing with banks.

If theres one thing i would like to remove is that KYC thing, they should really make it optional or not strictly imposed and also with lesser fees.

omnik

sr. member

Activity: 569

Merit: 250

Quote from: TheCrimsonFucker on March 14, 2019, 04:16:26 PM

What I hate most is the delay in making deposits, and sometimes blockchain has correctly confirmed the transaction! To Yobit for example, I remember it was too slow to load the trading page. This is definitely not cool! C-Cex was very problematic with emails! Some other problems are in the authenticator. Well, I could spend hours here listing things that annoys me in exchanges. Cheesy

Those exchanges sites that you have already mentioned are terrible exchange site and im not feeling any surprised about that dude. yobit and ccex are very well known as the worst exchange site in this year or this era. I will choose to avoid both of these exchange sites

blockman

hero member

Activity: 3038

Merit: 628

Vave.com - Crypto Casino

Quote from: pekobites on March 12, 2019, 01:22:20 PM

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.

They are centralized exchanges so what can you expect from them? they can't let your funds private keys because they hold it for their own purpose. If you want to hold your keys, use an exchange that allows you to do like DEX's.

Quote from: pekobites on March 12, 2019, 01:22:20 PM

So, what would you change? what would you remove? and what would you add?

Majority wants these exchanges to remove the KYC requirement that they implement. But they can't do something about that because they have to follow the regulations that has been set for their company.

Twinkledoe

full member

Activity: 1904

Merit: 138

★Bitvest.io★ Play Plinko or Invest!

Quote from: zhekinsp on March 14, 2019, 04:40:58 PM

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.

It is all about your own personal preferences. But sometimes, dex doesn't offer the trading of your coin so you need to look for other exchanges that can offer such services. There are pros and cons of these centralized and decentralized exchanges. One thing I always do, is send my bitcoin or coins to my own wallet after the trading. And the tokens to my MEW.

JPSelzer

member

Activity: 689

Merit: 14

World's First Crowd Owned Cryptocurrency Exchange

I think it would be better to reduce the percentage for withdrawals on some exchanges. I also agree with you that it would be good to make a more convenient opportunity to change crypto into Fiat and back.

Bloodseekers

full member

Activity: 769

Merit: 108

If you want exchange which can access private key you can try decentalized exchange like forkdelta for ethereum, waves decentralized exchange, stellarport for stellar, but if you want to looking for exchanges that have many types of coins which you can control your privete key, i think, nothing. So many people trading in exchange and they calm. Just make simple if you dont trust it withddraw it

zhekinsp

full member

Activity: 882

Merit: 126

★777Coin.com★ Fun BTC Casino!

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.

TheCrimsonFucker

sr. member

Activity: 617

Merit: 251

What I hate most is the delay in making deposits, and sometimes blockchain has correctly confirmed the transaction! To Yobit for example, I remember it was too slow to load the trading page. This is definitely not cool! C-Cex was very problematic with emails! Some other problems are in the authenticator. Well, I could spend hours here listing things that annoys me in exchanges. Cheesy

Strotman

member

Activity: 588

Merit: 10

Bounty Detective

Quote from: JCviggen on March 13, 2019, 03:50:30 PM

Quote from: Strotman on March 13, 2019, 03:31:15 PM

If I'm not mistaken, Binance is now developing and testing its decentralized exchange. We can say that this is another + in favor of Binance.

Beta testing is already underway and competition is being held in which you can win more than a thousand of BNB coins

I studied the material more carefully, I was pleased with the moment that a commission of $100,000 will be charged for the listing of tokens on Binance DEX. This will protect the site from Scam.

bitcoinst

hero member

Activity: 1708

Merit: 651

SmartFi - EARN, LEND & TRADE

After all, no one forces you to use the exchanges that store your private keys. Use decentralized exchanges, and end your anxiety. Use centralized exchanges for small amounts only.

Mikell556

member

Activity: 434

Merit: 10

Quote from: pekobites on March 12, 2019, 01:22:20 PM

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 am more and more not beginning to like the fact that many exchanges are beginning to introduce prohibitions for the registration of citizens of certain countries that have been imposed US sanctions. This eliminates all the advantages of cryptocurrency. Why make them decentralized, so that later they prohibit those or other people who are not guilty of trading on the stock exchanges?

Topic: What do you hate the most about your current exchange? - page 4. (Read 797 times)