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Topic: What do you need in A Cryptocurrency Exchange ?! - page 6. (Read 784 times)

hero member
Activity: 1358
Merit: 509
Security is definitely the most important factor or if money is stolen, it would be fair to refund it from their frozen balance.
Secondly, it may be decentralization. So managing our exchange wallet with private key is fair. Exchange is like a prison, ''restrictive''.
jr. member
Activity: 225
Merit: 1
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
This is a good outline of what and Exchanger really need to acquire and also the trading fees and withdraw fees should not be higher.
jr. member
Activity: 225
Merit: 1
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 ?
Exchangers with good liquidations and as well with, good coin that has good volume I believe binance is there for everyone who is into trading and binance can even be handled by an newbies.
legendary
Activity: 2100
Merit: 1058
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 ?
They are a lot of things I need in an exchange, but what I need the most is security. We have again and again of how funds are being stolen from exchange which don't just affect the owners of this exchange but also the users. I think exchange owners should pay developers whose work is just to make sure that there is no hack in the system, and if possible try to call a client because processing any transaction of huge amount.
full member
Activity: 448
Merit: 100
Arabic Translator
After the main things already written are met, some nice additions can be low fees, margin trading, lending and, why not, web wallets and debit cards.
Audit for the funds / cold wallets is another interesting thing. Maybe insurance too.
these features are already available in many exchanges ! insurance over customer's funds u mean ? it's interesting

Nobody mentioned it, so I'm going to:

What we need when it comes to crypto exchanges is a good Decentralized Exchange (DEX).

All the large centralized exchanges suffer from similar problems, even if they may have good liquidity. So, the crypto space urgently needs some good DEXs. The logic is simple: Decentralized currencies <--> Decentralized Exchanges.

yea,i was looking for someone to talk about the integration of blockchain technology in the crypto exchange as it's the essence of them ! so aside from liquity what are u looking for in a decentralized exchange giving their limitation when it comes to trading ?
legendary
Activity: 3136
Merit: 1122
Leading Crypto Sports Betting & Casino Platform
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 ?

are many questions and the answer is almost the same, I will speak from my point of view:

- The exchange should not have an anonymous owner

- The exchange must have physical office

- The exchange must have at least some phone number in case some customer has a serious problem, the exchange solves the problem of their customers by talking to them on the phone

I would add regulation, if an exchange is regulated, inspected periodically by the government, then another good point that we can consider to use this exchange
full member
Activity: 434
Merit: 246
Nobody mentioned it, so I'm going to:

What we need when it comes to crypto exchanges is a good Decentralized Exchange (DEX).

All the large centralized exchanges suffer from similar problems, even if they may have good liquidity. So, the crypto space urgently needs some good DEXs. The logic is simple: Decentralized currencies <--> Decentralized Exchanges.
legendary
Activity: 3668
Merit: 6382
Looking for campaign manager? Contact icopress!
After the main things already written are met, some nice additions can be low fees, margin trading, lending and, why not, web wallets and debit cards.
Audit for the funds / cold wallets is another interesting thing. Maybe insurance too.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
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

The bolded option seems to be a rare find in exchanges nowadays. Yes, they may have customer support service but most of them take days or even weeks to respond in an urgent query. Some may have live chat available, but pre-generated text is what greets me most of the time whenever I have something to ask. I am yet to find and exchange with an exceptional customer service that really replies within the day and actually resolves my problem on their platform whenever I need it.
member
Activity: 560
Merit: 10
Other Cryptocurrency exchanges is just like a frame that a possibility to gain some profits to investors and want to those people trade up on their platform but we have no choice if they do that. It's up to those people which exchange they want to pick.
sr. member
Activity: 1120
Merit: 256
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

How can you measure this criteria , how can you be sure of their privacy and their security as all exchanges promise that then they get hacked !!
Also,what about other features you are looking for that if implemented you would consider using in a new exchange ?
but for all the exchanges it is very strong to hack into security. but it can be hacked and it depends on the person using it if I think. because all of that can be cracked depending on how we use it ourselves
full member
Activity: 448
Merit: 100
Arabic Translator
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

How can you measure this criteria , how can you be sure of their privacy and their security as all exchanges promise that then they get hacked !!
Also,what about other features you are looking for that if implemented you would consider using in a new exchange ?
full member
Activity: 952
Merit: 104
eeeeeeeeeeeeeeeeeeeee
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


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.
sr. member
Activity: 980
Merit: 294
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
full member
Activity: 448
Merit: 100
Arabic Translator
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 ?
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