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Topic: What do you hate the most about your current exchange? - page 5. (Read 818 times)

sr. member
Activity: 1876
Merit: 259
for me, my local exchange is no longer giving bonuses to traders and just wants to benefit himself by increasing transaction costs when withdrawing
legendary
Activity: 2492
Merit: 1018
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.
hero member
Activity: 2716
Merit: 552
I believe this concern/topic is in the wrong section, you can move this thread right here anyway : https://bitcointalk.org/index.php?board=53.0
Discussions about exchanges will be tackled in that section.
And to be on topic, heres the list about the things I hate using the service of my choosen exchange ;
1. High transaction fees.
2. Coin maintenance took to long to finish.
3. No response from the team after 24hrs after sending them my concern.
4. Deposit/Withdrawal troubles ( although its not frequent, but sometimes it'll drain out my patience specially during rush transactions.)
hero member
Activity: 966
Merit: 500
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?
It's really incomprehensible. If you have a cryptocurrency, you should have the private key of your wallet. Why can't you access it?
jr. member
Activity: 59
Merit: 1
I use exchanges without registration, for example, ChangeNOW lately. I do not keep my funds there, but I just make quick swaps, so I don’t risk it. I used Bittrex before, and they blocked my verified account without explaining the reason. For this reason, I started using services without registration.
hero member
Activity: 1065
Merit: 510
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 are a traders you will hate a exchange when you know that the transaction fee is very high and also if you experience a delays with the tokens you deposit or withdraw,so if you experience with it you will complain to the support and tell them to improve their services if nothing will change find another exchange that is very trusted and low transaction fee.
legendary
Activity: 1568
Merit: 1002
KYC verification that I hate, we are connected to a private network where the advantages of cryptocurrencies are anonymous. almost all exchanges have to get everyone's personal biodata document, I'm afraid it will be misused if there is a data leak by the evil hackers well even though it's for our own security but still it deviates from the very special cryptocurrencies
jr. member
Activity: 672
Merit: 1
I don't wanna mention names of exchanges but mine is the high gas charges for transactions . It is absolutely ridiculous and I wish something could be done about
hero member
Activity: 1470
Merit: 655
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.

the only thing that i have ever hated about the exchanges have been the fact that i can never be sure whether my money is safe or not. i know for a fact that as long as i am using the exchanges (any of them without exception) even for a minute my money is at serious risk.
the exchange can get hacked, i lose money.
the exchange can scam, i lose money.
the exchange can decide to single me out and scam me, i lose money.

and complaining is never going to change that. the solution is simple: not using centralized exchanges and moving to decentralized ones.
jr. member
Activity: 448
Merit: 1
It's because I have already so many losses in my investment so much rather than my pocket. I will quit trading until I had no money left in my exchange!
sr. member
Activity: 630
Merit: 251
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?

Actually these stuff you want to alter isnt that simple. First of all not all exchange can follow on some rules of the country regarding the legalities of the funds circulating on the exchange. Havent you noticed KYC is now crucial for more exchange as withdrawing huge funds is now forbidden due to some recent transfer of scam tokens and coins. Decentralized is like by those scammer so they will do anything and everything to retain this aspect.
hero member
Activity: 2912
Merit: 556
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
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?

So you don't need to store your coin in every exchange, and it's better to start to move all of your coin in the offline wallet. I don't hate the exchanges although I don't have access to the private keys and I know that consequences and as long as I know what I'm doing, I can accept that.

The only thing that I hate from the exchanges is when they apply a high fee for withdraw because I've already seen that before and I moved all my coins to the other exchange.

When you engage in the exchange, you need to realize this, and you need to protect our account from anything bad things that might happen. I am sure you can buy crypto with Fiat as easily, but you need to search which services in out there that might fit you.
hero member
Activity: 2926
Merit: 567
On all the exchange I'm trading there is no option to keep your private key on centralized exchange you can do this on the decentralized exchange, security is my main concern right now since I can easily trade my cryptocurrency to fiat money in our local exchanger.
legendary
Activity: 2114
Merit: 1150
https://bitcoincleanup.com/
~
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.
Why sign up to these centralized exchanges in the first place? Before signing up, you are asked to agree to the terms. Somewhere in there says that they keep your private keys, so why agree? Stay with DEX if you're unhappy.

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.
There are already OTC exchanges like Coinbase.


For suggestions:
Add more customer support
Some exchanges do not have dark mode, I wish everyone would have that.
jr. member
Activity: 448
Merit: 2
What I hate about some of my current exchange are the high trading fees, high withdrawal fee, and lack of proper UI. I can relate to ddex which is a decentralized exchange but with a very high trading fee which you will not find funny at all. Also most exchanges I use don't care what you pay as a withdrawal fee
full member
Activity: 1498
Merit: 146
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?
Customer support is one of the major issues with all the crypto exchanges,we need to wait for days to get a response for your tickets.ON;y people who faced that situation knows how much pain they were experienced at the waiting time.
full member
Activity: 966
Merit: 111
Actually what I really hate about some exchange it's when they kept asking me to verify my location or let say when they ask to verify ip that my previous ip address as been changed or something, that really give me big headache when I'm on other devices that my email is not log, I believe they should make it once, if I can verify my mobile is address once, they shouldn't be ask me to do it again anytime I wanna login
Actually it is one way to avoid your account being used by other people. Of course it is not wrong for an exchange to do that. I strongly agree with that, because it is one of the additional security that must be done. But not all exchanges do that. You should have an e-mail on your cellphone to get a link so you can enter the exchange.
full member
Activity: 924
Merit: 100
GoMeat - Digitalizing Meat Stores - ICO
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?

Until now, i dont have any problem with my exchanger because i am choosing trusted exchanger. When choosing exchanger, my priority is security and having big daily transaction volume and so far, i dont have any problem with exchangers
full member
Activity: 1176
Merit: 104
In time, for sure perfect timing would be the best thing since I can say that we still in development stage when it comes to adaption. Yes, they might hear us out but it is not that easy. These exchanges need to do something for their own improvement just like what youve said buying crypto with fiat. Verification is good for me as  I dont have anything to hide.
copper member
Activity: 365
Merit: 1
Actually what I really hate about some exchange it's when they kept asking me to verify my location or let say when they ask to verify ip that my previous ip address as been changed or something, that really give me big headache when I'm on other devices that my email is not log, I believe they should make it once, if I can verify my mobile is address once, they shouldn't be ask me to do it again anytime I wanna login
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