What kind of function would you like to have on an exchange?

mole0815

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Quote from: NewsExchange on October 14, 2019, 07:19:15 AM

Hello to all,
we are currently working on an exchange, they should be out this month.
We are currently registered in Estonia and have applied for a FIAT licence.

are there any features you'd like to see on exchange?
Thank you.

i like new exchanges with new approaches. for me there are 2 classics but very important news Grin

first of all there is 2FA for security and 2. there has to be a FIAT interface. only that makes sure that new people in the crypto environment can join without much effort.

Taskford

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Quote from: dioanna on October 27, 2019, 11:13:44 AM

Quote from: NewsExchange on October 14, 2019, 07:19:15 AM

Hello to all,
we are currently working on an exchange, they should be out this month.
We are currently registered in Estonia and have applied for a FIAT licence.

are there any features you'd like to see on exchange?
Thank you.

My current favorite Exchanger right now is Binance and i think may are supporting this exchange so better look up and consider features that they have.

There's no question that binance is the crowd favorite here since we all know that they are safe for now but the OP is questioning people here on what would be the feature you like for there exchange so maybe stay with the topic and be straight forward for answering.

Anyways for OP I like the voting system,Airdrop closet(For new token/coin who wish to run an airdrop in your exchange) and also the integration of market cap of all altcoins listed on your exchange.

dioanna

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Quote from: NewsExchange on October 14, 2019, 07:19:15 AM

Hello to all,
we are currently working on an exchange, they should be out this month.
We are currently registered in Estonia and have applied for a FIAT licence.

are there any features you'd like to see on exchange?
Thank you.

My current favorite Exchanger right now is Binance and i think may are supporting this exchange so better look up and consider features that they have.

imstillthebest

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Quote from: Aying on October 25, 2019, 06:10:21 AM

Quote from: ronaldo40 on October 15, 2019, 01:05:57 PM

Quote from: TinaK on October 15, 2019, 12:31:05 PM

~Snip

a page that dedicated to the trader to see how much profit he made while trading a certain coin is will be good for the trader.
but for me, the more important thing is the withdrawal fee should be lower and each withdrawal should be fast

I agree to this. every traders, dream this to happen. may of exchanges had a huge charges on withdrawal and we experience some of delay's. imagine we pay for higher fee and they didn't improve the faster transaction. and I experience this sometimes of top 5 exchanges, but they working to improve because of users feedback. I hope they make their own searching before users experience it. that's a common thing happen everytime I trade. including those new exchanges.

im pretty sure that they them selve have found out and verify that speed issue just before they open thier exchange the first time but they cant do 100 percent patch to make the speed fast because other factors can also contribute on the delays like the number of users/trader and the price of cryptos . both users and price can change or increase makes the platform or their service lagging behind

Aying

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Quote from: ronaldo40 on October 15, 2019, 01:05:57 PM

Quote from: TinaK on October 15, 2019, 12:31:05 PM

~Snip

a page that dedicated to the trader to see how much profit he made while trading a certain coin is will be good for the trader.
but for me, the more important thing is the withdrawal fee should be lower and each withdrawal should be fast

I agree to this. every traders, dream this to happen. may of exchanges had a huge charges on withdrawal and we experience some of delay's. imagine we pay for higher fee and they didn't improve the faster transaction. and I experience this sometimes of top 5 exchanges, but they working to improve because of users feedback. I hope they make their own searching before users experience it. that's a common thing happen everytime I trade. including those new exchanges.

slaman29

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Quote from: Beparanf on October 25, 2019, 01:52:29 AM

This should be noted, Those who don't want a KYC can use it but with limit in their withdrawal amount, there should be ways to do KYC per limit to obtain, like selfie first, then unlocked certain limit, then ID, address depending on what only their customer want to reveal. Plus way to convert in fiat depending on what location their are like what local wallets have.

For me it's simple. If a site or service even HAS the option of KYC, then I tell myself, be prepared one day to be asked for KYC. If you aren't willing to ever verify yourself or know you can't do it at all, then simply don't sign up. Exchanges, casinos, etc. They're all the same. If they have the option, they will exercise it sooner or later.

Beparanf

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Quote from: boyptc on October 14, 2019, 05:30:27 PM

Quote from: Mahanton on October 14, 2019, 07:48:21 AM

Try to look on whats been currently offered by Binance.

+1

Take the idea of imposing KYC but there's also a limit or option for your users not to comply. In return, the withdrawal limits and other features will be limited to them.

Fee is also of consideration. Many traders want a reliable exchange with low fees but don't sacrifice the quality customer service.

This should be noted, Those who don't want a KYC can use it but with limit in their withdrawal amount, there should be ways to do KYC per limit to obtain, like selfie first, then unlocked certain limit, then ID, address depending on what only their customer want to reveal. Plus way to convert in fiat depending on what location their are like what local wallets have.

djefes

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Quote from: NewsExchange on October 14, 2019, 07:19:15 AM

Hello to all,
we are currently working on an exchange, they should be out this month.
We are currently registered in Estonia and have applied for a FIAT licence.

are there any features you'd like to see on exchange?
Thank you.

Volume
Low fees
Anonimity ( this wont be possible since you applied for a fiat license

Ping me for telegram advertisements

hahay

legendary

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In this case I think just having enough low fees might be something interesting, and besides of course about good service. There are many exchanges that are still slow in terms of handling every problem because the piled up tickets are something that is annoying for me because I have experienced it until I waited a few days just to get a clear answer. Maybe that will be the main problem, regarding the speed of withdrawal and other speeds I think every exchange has prioritized that.

mdgabrielzim

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Quote from: ReiMomo on October 21, 2019, 02:12:44 PM

Op did not come back after posting this maybe he is not interested in the opinion. All information was listed above and I think there is no reason to extend discussion or else locking this thread is a good idea I think.

Quote from: mdgabrielzim on October 19, 2019, 04:49:54 PM

1. Lower Fees
2. More agility in withdrawals and deposits
3.Phone and email service
4. Profit Sharing
5. Acceptance of notes other than the dollar.
6.Something I trust leaving my money on the platform
7. A contract or something that would guarantee me at least part of my money in case of a hacker attack.

In addition, it should have customer support 24/7 because the staff is very important and having a quick response from simple queries will give traders appreciations.

I didn't talk about customer service because in my mind this must be the basics a company should provide to customers. This in exchange should be taken very seriously because customers are usually from different countries, with many different time zones.

ReiMomo

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Op did not come back after posting this maybe he is not interested in the opinion. All information was listed above and I think there is no reason to extend discussion or else locking this thread is a good idea I think.

Quote from: mdgabrielzim on October 19, 2019, 04:49:54 PM

1. Lower Fees
2. More agility in withdrawals and deposits
3.Phone and email service
4. Profit Sharing
5. Acceptance of notes other than the dollar.
6.Something I trust leaving my money on the platform
7. A contract or something that would guarantee me at least part of my money in case of a hacker attack.

In addition, it should have customer support 24/7 because the staff is very important and having a quick response from simple queries will give traders appreciations.

Mahanton

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Quote from: boyptc on October 15, 2019, 04:40:32 PM

Quote from: Mahanton on October 15, 2019, 03:26:22 AM

Quote from: boyptc on October 14, 2019, 05:30:27 PM

Quote from: Mahanton on October 14, 2019, 07:48:21 AM

Try to look on whats been currently offered by Binance.

+1

Take the idea of imposing KYC but there's also a limit or option for your users not to comply. In return, the withdrawal limits and other features will be limited to them.

Fee is also of consideration. Many traders want a reliable exchange with low fees but don't sacrifice the quality customer service.

Why binance become popular due to that one of its features where having that 2btc daily limit for unverified accounts which i highly believe that its more than enough for most users.

Typical features of a good exchange is having a good support, good ui and ux plus low fees which is a usual norm. Lots of exchanges tried to dethrone and competition is high.

Yes, that feature made for users that don't want to send KYC. And that's what exactly what most of the users want, everyone isn't the big whale trader that needs huge limits. The competition is given and that's the next thing that the exchange op is trying to build.

If those good features can be found on his exchange and being trusted takes time. So it takes patience on his side and it's up to him if he can bear with those consequences at the beginning.

He should make even more better if he would really plan to get some marketshare.Building reputation and trust is the hardest part
into a business where you dont even sure if you would able to get the support and sympathy of the public but well just do the right things
and mind off anytime on what people really wants because they would normally recognize it once they found it out into your exchange.

bitbunnny

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I think to have some advanced order feature that would be fast and could function without delay under high pressure of requires. Then fast and expert customer service that you don't have to wait for days to solve the issues. Also flat withdrawal rate would be nice to have.

Casdinyard

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Most traders want a
- flat rate for withdrawal fee but won't compromise the service.
- real-time customer service.
- interface not laggy even on the mobile view.
- interface shouldn't too complicated to navigate especially for newbies.

Quote from: mdgabrielzim on October 19, 2019, 04:49:54 PM

7. A contract or something that would guarantee me at least part of my money in case of a hacker attack.

Hopefully that can happen however as far as I know, that somehow isn't covered by the insurance of the exchange site not unless the entire site gets hacked.

mdgabrielzim

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1. Lower Fees
2. More agility in withdrawals and deposits
3.Phone and email service
4. Profit Sharing
5. Acceptance of notes other than the dollar.
6.Something I trust leaving my money on the platform
7. A contract or something that would guarantee me at least part of my money in case of a hacker attack.

Theb

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This is more like a suggestion for your business rather than just a function for your exchange. Why not take advantage of your market that instead of having just an exchange you should also offer up an integrated wallet app for your clients similar to what Coinbase is doing which has both an exchange and a wallet app for their customers. Wallet integration for your exchange will also be a good feature to have if you want to give convenience and several options for your customers to send in or cash out money from both platforms.

BitHodler

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I just want proper support.... it's one of the reasons I hardly ever use an actual spot exchange anymore, but only smaller local exchanging services where I can get in touch with support in a matter of minutes.

I get why it's not feasible for large spot exchanges to offer support within a time frame of 15-60 minutes, but it doesn't need to take days or in some cases weeks either, especially with how volatile this market has always been.

Waiting a few days to solve deposit/withdrawal problems is literally something that can make you lose out on thousands of dollars in value because you can't do anything with them.

MURONDI

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I want an exchange that has an exchange feature between currencies of several countries, a combination of crypto and forex, I also hope you provide a complete indicator feature because I like technical analysis, I hope your site also has a software application like MT4, Besides having an attractive appearance, access is also very light.

Doell

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the basic function exchange I think of course you already know it covers the whole trade suport all type device all people has provided many suggestions ,other functions we certainly want to see something new from an exchange whatever is most important to attract the interest of traders or investors so that your market patterns and volume getting crowded bigger
we want most is security and well unexpected bonuses from your website other promotions or advertisements to be will more famous

Apes

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- support mobile web view
- android & apple mobile apps
- chat room, private chat with another user, CS chat
- realtime pop up price notification alert

especially do not use BOT customer support, it wont help user

Topic: What kind of function would you like to have on an exchange? (Read 590 times)