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Topic: What kind of function would you like to have on an exchange? - page 2. (Read 555 times)

sr. member
Activity: 1876
Merit: 259
- exchanges can be used in all languages to make it easier for users.
- Low withdrawal fees with a fast process
- always provide the best service if there is a problem with the user.
As for the additions that will follow if the exchange you are working on has been active.
legendary
Activity: 1652
Merit: 1483
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.

-most importantly, a robust order matching engine that performs under stress without lag.
-advanced order types: one-cancels-the-other (OCO) and both limit stop/market stop orders. i dunno why it's so hard to find OCO these days!
-an option to trade without KYC verification---hopefully this is possible for those who don't transfer fiat. even if withdrawals are limited to $500/day or something.
-i sure miss my transferable btc-e codes! selling codes like this for cash was an awesome way to withdraw money.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
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.
legendary
Activity: 1554
Merit: 1014
Profit is the major basis what everyone looks in the exchanges, i wish such kind of information need to be there...
Stop loss is one of the best option i love always to see in the exchanges.

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
hero member
Activity: 1106
Merit: 527
Profit is the major basis what everyone looks in the exchanges, i wish such kind of information need to be there...
Stop loss is one of the best option i love always to see in the exchanges.
I wish bitrex needs to be comes with the android application.
hero member
Activity: 2212
Merit: 805
Top Crypto Casino
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.

Yes, There's a couple of features which I would like to be on your exchange that I haven't seen on other exchange (I'm not sure since I don't use all exchanges).

Firstly, Immediately after I enter a trade. Say I buy a token now, I want to set a dual order that would trigger if:
i. A stop loss

ii. I'm studying at the moment and don't have all the time in the world to be a full time trader. Others are not trading due to one reason or another (some have jobs etc) If you can add a feature that I can set a limit order to sell at a specific price. Now, I want both orders to be live and will trigger only whichever condition is met first.

Right now, I can only set limit orders or stop loss orders but not both. I'd be glad if such feature is available as It'll help. I don't have all the time in the world to keep minute by minute track of my trades.
sr. member
Activity: 854
Merit: 267
★777Coin.com★ Fun BTC Casino!
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.
In my own preferences I would like to have an exchange that is:

*Low fees in withdrawing my funds and Low fees in making a trade.
*Notification with regards to my coins I used to trade.
*Mobile friendly or having an app so I can monitor my trade more convenient.
*The number of altcoins availability in the platform.
* Good looking UI design and responsive website.
*Active support system.
*News section
*Security must put in consideration as well

I'd like the idea of knowing first what the users preferability in a choosing exchange because this will improve the platform.
legendary
Activity: 2282
Merit: 1041

There has to be someone out there who can think about creating an exchange, updated enough to see there are tons of coins not added in any exchange. If he can add those tokens, I think he can promote his exchange quickly to bounty hunters out there who wants to sell their tokens.  Marketing an exchange to make people register and use the exchange is the hard part so instead of focusing more to a feature which you know you can add later, try focus more on how to make your exchange known to users.
hero member
Activity: 2590
Merit: 644
Majority of traders are always preferring a good services like these:
1] High liquidity and buying limits --> it should have a good volume.
2] Work almost in all countries
3] Fast and easy withdrawals
4] Security set up is a must
and soon... I would like to have you this link and review the exchanges reviews, https://www.buybitcoinworldwide.com/exchanges/
Good luck with your new project.
hero member
Activity: 1106
Merit: 502
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.
Copytrading, so we can follow algo’s and make money basically 😎

maybe copytrading is a good option because i never saw any crypto exchange that has this feature
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
Maybe I can make a list to you:
1. Have many coins in your exchange site.
2. Have 2 option for the member for the KYC, like what Binance did.
3. 24/7 support system so members who have a problem can get handled by your team/staff.
4. Have a high speed to trade because we will be sad if the trade will get delay.
5. Mobile friendly access.
6. Have a faucet to get free coin Grin ( I am joking)
7. Don't use big fees to withdraw, or trade Wink

But maybe you can find out by yourself with visiting other big exchanges in out there like Binance, Poloniex, Kucoin, Bittrex, Bitmex, Okex, etc.
sr. member
Activity: 1876
Merit: 318
It's nice to have new exchanges, so it gives a lot of choices for trading places.I will give input for features i want like to see on
exchange is free coin, instant buy / sell, favorite coin,btc pair, eth pair, and stop loss. And please remove the KYC procedure.
Hopefully the features I want are realized In the exchanges, I'm waiting for the good news for launching the exchanges.
I hope a lot of promos and give away when launching exchanges.
hero member
Activity: 2730
Merit: 632
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.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
A good exchange in my opinion should have the following features if not more, what the above people suggested:

1. A responsive support system
2. Quick notification system for downtimes, new coins/markets listing, new features.
3. A UI that is easy on both PC and Smartphones. Having an App is secondary for me, though others may want it.
4. Coupons, referral system and incentives to keep the traders happy from time to time especially the loyal traders and maybe the ones from bitcointalk.Grin
5. A liquid market would be great but it takes time to get one.
6. KYC will probably come in once at a time and because some criminals attempt to launder money from tainted sources and so on. So that will happen but I hope you can keep it aside for legitimate users.

Some users have suggested leverage, but I feel it is being way overdone by bigger exchanges and for a new exchange like yours which is being developed, this should be a late goal once the exchange itself is functional.
legendary
Activity: 2968
Merit: 3684
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This is probably a set of features that work better on a dedicated exchange, but what I love most about trading is P2P, so if there were a separate section in the exchange that also allowed you to find traders and deal directly, with the exchange only dealing as an escrow (like Localbitcoins), that would be cool.

And margin loaning. Like what Poloniex used to offer (or still does, but no demand any longer). Hard to create demand though, unless you make it completely fee-less.
sr. member
Activity: 1190
Merit: 256
I don't know if this is possible or if there is a way to do it.I want a kind of function where you can set an order with a buy and sell price at the same time. Once the buy order fills, it automatically creates a sell order for the token with the already set sell price. I'm not sure if it's possible with bots, but implementatng it officially in an exchange would be okay.
legendary
Activity: 2688
Merit: 1065
Undeads.com - P2E Runner Game
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.

The exchange is coming this month and yet you just asked now what other features anyone wants to see?

Should ask it a long time ago for preparations. Smiley

Maybe faster approval of KYC submissions. Customers want a quick update regarding the status of their KYC rather than hanging for weeks so I think this will be your advantage.
legendary
Activity: 1232
Merit: 1017
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.
Copytrading, so we can follow algo’s and make money basically 😎
legendary
Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
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'm sure everything is properly set up now since its inception is coming near.

I know you are already aware of some of the customer's criteria in choosing an exchange. No way you will just operate it if the exchange is not 100% ready.

Wait for feedbacks once we saw the exchange. We want to see its features first.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
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.
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