Topic: What do you need in A Cryptocurrency Exchange ?! - page 4. (Read 817 times)
Security to our funds and high trading volume is the thing most important when picking up a platform for trading and other features like much trading pairs,decentralized platform may increase the priority but for now most exchange will have BTC,ETH and a stable coin for trading pairs.
Hey everyone,
for all crypto traders , what do you think we need most in a crypto exchange ! right now there are thousands of them but how can you choose which one you trade on ? and what existing exchanges lack of ?
Stop loss. Most of cryptocurrency exchange doesn't have it. Thus, more traders are losing too much when big whales dumped the market. In choosing which exchanger to use, since most of them have same features, I choose the one which doesn't lagging. for all crypto traders , what do you think we need most in a crypto exchange ! right now there are thousands of them but how can you choose which one you trade on ? and what existing exchanges lack of ?
Hey everyone,
for all crypto traders , what do you think we need most in a crypto exchange ! right now there are thousands of them but how can you choose which one you trade on ? and what existing exchanges lack of ?
actually mostly exchange nowadays had the same strategy with some classified exchange site around the internet just to convince more traders as well. for all crypto traders , what do you think we need most in a crypto exchange ! right now there are thousands of them but how can you choose which one you trade on ? and what existing exchanges lack of ?
So if you see this stuff on some exchange site don't easily fall on it. ( Privacy./ Security./ Liquidity ) Which is seek for specific information first including the ratings itself. Because that's the only way to determine easily the good exchange site . Or choose those provably fair and the most popular exchange IMO to prevent such issues.
some of the natural things I want and I expect on an exchange are:
1. security guarantee
2. Low withdrawal fees
3. 24-hour admin service
Your number two is quiet welcoming but when it's in the aspects of when market is bad won't it affect their fee in transaction because I think this can hook up in the network and keeping you in pending. 1. security guarantee
2. Low withdrawal fees
3. 24-hour admin service
I need exchange that give insurance for fund of all user, because many times already crypto exchange get hacked , and the last case is Cryptopia. But Cryptopia did not have good support and the platform did not online for more than 2 week. All trader and investor want to have full of security and insurance for their money in that platform.
the desire that I really support and actually everyone also wants it, besides security I also want that an exchanger can provide insurance on the assets we have when our assets are lost due to something like hacking or so on. indeed there are so many exchanges nowadays, and I prefer to exchange large volumes, and I really like investing in ethereum.
That's a good requirement but I believe security and 24/7 service centre should also be the most important as of the volume in the Exhcange that can be looked up on. We won't like to hook up in missing our funds. 
I need exchange that give insurance for fund of all user, because many times already crypto exchange get hacked , and the last case is Cryptopia. But Cryptopia did not have good support and the platform did not online for more than 2 week. All trader and investor want to have full of security and insurance for their money in that platform.
No need to look further, we have big exchanges with high liquidity so no need to look for more. I personally use binance, bittrex and hitbtc.
I list some though these are common things that we should look up to.
• Privacy
• Security
• Liquidity
• 24/7 support
• Instant deposit and withdrawal
To this list I would just add low taxes for exchanging, deposited and withdrawing. That's also important term for every user. Honestly, I check the price for taxes at first, before to register on an exchanger. Luckily this info is available on almost every exchanger without registration. I list some though these are common things that we should look up to.
• Privacy
• Security
• Liquidity
• 24/7 support
• Instant deposit and withdrawal
Privacy and security is the most crucial thing in any exchanges then optimisation and trading benefits is plus.those exchange which give minimum regulations and restrictions and provide better service will be more often used.if you take the example of binance they have taken all the users requirements and competed with major exchange to become major exchange.
I think what is needed for crypto exchanges is security. Because security is the main thing that is needed, it is useful to keep assets from being lost and avoid hacking. In addition, 24/7 support and privacy are also the most needed things. 24/7 support helps if there are problems in trade and privacy I'm sure many people choose to keep their privacy safer. Besides that, it depends on each person who uses it.
Security is the first thing we have to consider in Cryptocurrency exchange. As the startup companies of the exchange industry in cryptocurrency started/initiated the instant deposit and withdrawal, I think it is doing well in the present.
Supports are also the one thing to consider, questions and complain, improvements and technical support is really needed for people to enjoy the market better. There is a lot of people from the traditional stock exchange who are interested in joining our industry but the matter that hinders them is the confusions. Compared to us, much of them aren't really understanding the exchange and wanted to ask from the
specialist but since cryptocurrency industry doesn't have 24/7 support, that makes them say no.
Security is much preferred, however we keep it secure there were hacks around. Few of which were the recent hacks that took place with the centralized exchanges. Same time there are account frozen in the decentralized exchanges. Both has got complications. When luck stands as an opponent to us fighting hard it is impossible to avoid losses. This is common even with exchanges, gambling, trading and even on holding. Supports are also the one thing to consider, questions and complain, improvements and technical support is really needed for people to enjoy the market better. There is a lot of people from the traditional stock exchange who are interested in joining our industry but the matter that hinders them is the confusions. Compared to us, much of them aren't really understanding the exchange and wanted to ask from the
specialist but since cryptocurrency industry doesn't have 24/7 support, that makes them say no.
Security is the first thing we have to consider in Cryptocurrency exchange. As the startup companies of the exchange industry in cryptocurrency started/initiated the instant deposit and withdrawal, I think it is doing well in the present.
Supports are also the one thing to consider, questions and complain, improvements and technical support is really needed for people to enjoy the market better. There is a lot of people from the traditional stock exchange who are interested in joining our industry but the matter that hinders them is the confusions. Compared to us, much of them aren't really understanding the exchange and wanted to ask from the
specialist but since cryptocurrency industry doesn't have 24/7 support, that makes them say no.
Supports are also the one thing to consider, questions and complain, improvements and technical support is really needed for people to enjoy the market better. There is a lot of people from the traditional stock exchange who are interested in joining our industry but the matter that hinders them is the confusions. Compared to us, much of them aren't really understanding the exchange and wanted to ask from the
specialist but since cryptocurrency industry doesn't have 24/7 support, that makes them say no.
Most of the people use binance and bittrex for short or long time trade because it's fully secured, huge volume,24/7 support, and Instant deposit and withdrawal. You can find many exchangers but i am using this exchanger last 2 years and hope you will be satisfied for using this exchanger and also suggest this exchanger. Most of the people faced problem for delay deposit and withdrawal and low volume and support system are very poor but bittrex and binance and also kucoin is the best exchanger for me.
Hey everyone,
for all crypto traders , what do you think we need most in a crypto exchange ! right now there are thousands of them but how can you choose which one you trade on ? and what existing exchanges lack of ?
Honestly, volume is king in any exchange whatsoever. If the exchange has a decent volume that is not wash trading or fake volume then I am in.for all crypto traders , what do you think we need most in a crypto exchange ! right now there are thousands of them but how can you choose which one you trade on ? and what existing exchanges lack of ?
I used to use cryptsy before they got "hacked" and left, then I started using poloniex because that was honestly the best place after cryptsy was gone and they had multiple coins and decent volume at the time, then bittrex came out and they were the best so I started using them and then binance is now the king in volume and everyone is using them so we are making a decent trading there. So, wherever gets more famous and gets all the volume I will be using that website.
Who doesn't like low fees. It is the number one thing i consider before create an account then, followed by security and decentralization. Exchanges have to be decentralized to be patronized by me considering the number of hacks some have gone through this year. Too risky to leave funds on them these days.
eeeeeeeeeeeeeeeeeeeee
Yeah binance bittrex hitbtc that's (3) three exchange is the most popular as of now and I included poloniex is also one of the most oldest trusted exchange with low transaction fees with strong private keys for the security of the users i am not promoting poloniex or any exchange but base on my own experience i give my own best for those people want to know is the best all about in trading.
Poloniex Era is already over since Circle bought them.I cant really deny about Poloniex service wayback before knowing that this is one of the most popular No need to look further, we have big exchanges with high liquidity so no need to look for more. I personally use binance, bittrex and hitbtc.
I list some though these are common things that we should look up to.
• Privacy
• Security
• Liquidity
• 24/7 support
• Instant deposit and withdrawal
I list some though these are common things that we should look up to.
• Privacy
• Security
• Liquidity
• 24/7 support
• Instant deposit and withdrawal
Yeah binance bittrex hitbtc that's (3) three exchange is the most popular as of now and I included poloniex is also one of the most oldest trusted exchange with low transaction fees with strong private keys for the security of the users i am not promoting poloniex or any exchange but base on my own experience i give my own best for those people want to know is the best all about in trading.
but they do dropped down because of such changes.
Back on topic, Security is on of the most important thing for me,next is the transparency,next is the UI, support thing, fast withdrawals and fast response into their support.
My ideal exchange has the following features:
Multiple security options like 2FA available to combat hackers, block new IPs from logging in, etc. Plenty of sites email me when a login's been detected from a new IP, but a number of the ones I am registered on don't actually require you to authorize the login through a link on the email.
Must have a physical location. Most but not all exchanges that don't have physical locations are scams, especially newer ones.
Liquidity
Good support for whenever things go wrong like deposits, trades, etc.
Reasonable withdrawal fees and trading fees. I typically don't do lots of small withdrawals from exchanges so fees aren't usually a problem for me, but the fees add up over time. Some sites also have pretty high trade fees, which most people don't initially notice when signing up for an exchange.
many exchanges already have this criteria , how would you choose between them ? Multiple security options like 2FA available to combat hackers, block new IPs from logging in, etc. Plenty of sites email me when a login's been detected from a new IP, but a number of the ones I am registered on don't actually require you to authorize the login through a link on the email.
Must have a physical location. Most but not all exchanges that don't have physical locations are scams, especially newer ones.
Liquidity
Good support for whenever things go wrong like deposits, trades, etc.
Reasonable withdrawal fees and trading fees. I typically don't do lots of small withdrawals from exchanges so fees aren't usually a problem for me, but the fees add up over time. Some sites also have pretty high trade fees, which most people don't initially notice when signing up for an exchange.
I need only one thing-my private keys. 
All the other stuff,like liquidity,low transaction fees,good customer support,etc. are important as well,but you know the saying."If you don't own the private keys,you don't own the coins."
All the other stuff,like liquidity,low transaction fees,good customer support,etc. are important as well,but you know the saying."If you don't own the private keys,you don't own the coins."
High level of security is the most important thing because many centralized has been hack, and second one is they should be have insurance to avoid member lossing money incase the exchange get hack or others bad issue. Crypto exchange also should be have fully regulation to avoid ban from the goverment. Alot of centralized exchange been operated but less decentralized exchange, even though alot of trader want to use decentralized exchange because we have the private key so that mean we have full control with our funds.
i believe that multi-sig wallets will do the trick for you . right ? Hey everyone,
for all crypto traders , what do you think we need most in a crypto exchange ! right now there are thousands of them but how can you choose which one you trade on ? and what existing exchanges lack of ?
The most important thing for me is the security and credibility of the trading floor owner. In the past, there were too many fraudulent exchanges, they slashed their own trading floors and occupied all the investors' money there. it was worse.for all crypto traders , what do you think we need most in a crypto exchange ! right now there are thousands of them but how can you choose which one you trade on ? and what existing exchanges lack of ?
Besides, security is very important. I often want to hold my altcoin on the trading platform so that I can trade easily when the price is up or down.
but now only Binance makes me satisfied. but the transaction fee is quite high.
I am sure the cryptocurrency exchange will give the best service for the members. I only want to trade in anytime I want, and I don't have to get trouble while in trading.
For all reason why we want 2fa, high level of security, email protection, etc, I think that is the main things of exchange should have, and I am sure that they can do that without any problem.
I choose the exchange based on my feeling, if I can get comfortable to trade in that site, I will continue to use them, but if it's not, then I will search the other. I make it simple for me because I don't want to feel difficult to choose which exchange I can trade.
Right now, I still feel comfortable to trade in Binance, Bittrex, Poloniex, Yobit and sometimes in HitBTC.
Some exchange has a problem with the support system which served the members when they got trouble with deposit, withdraw or even pending transaction. And if I get trouble with that exchange, I will move all of my coins to another exchange, and I will not use them anymore.
For all reason why we want 2fa, high level of security, email protection, etc, I think that is the main things of exchange should have, and I am sure that they can do that without any problem.
I choose the exchange based on my feeling, if I can get comfortable to trade in that site, I will continue to use them, but if it's not, then I will search the other. I make it simple for me because I don't want to feel difficult to choose which exchange I can trade.
Right now, I still feel comfortable to trade in Binance, Bittrex, Poloniex, Yobit and sometimes in HitBTC.
Some exchange has a problem with the support system which served the members when they got trouble with deposit, withdraw or even pending transaction. And if I get trouble with that exchange, I will move all of my coins to another exchange, and I will not use them anymore.
Jump to: