What would you change about crypto Exchanges?

Oilacris

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Quote from: Questat on September 19, 2019, 03:41:31 AM

Quote from: Google+ on September 18, 2019, 06:42:54 PM

I think for a place of exchange there is nothing more important than a security system than a place of exchange, traders only want their assets to be safe so that it must be an important task for all places of exchange.

Security is the most important but we users does not know how secure the site really is, only the team behind the exchanges knows, of course they will guarantee that they have the safest exchange but even big exchanges like Binance is not hack proof so we cannot be confident on that.

I think in order to protect the users o the exchange, they need to set some insurance for the accounts if it will be hack so users accounts will not be affected, just like what SAFU funds of binance did, but if exchange is not as big as Binance, then maybe they can find an insurer to insure their site.

We do like the idea on that insurance thing for exchangers yet this will build up some confidence into its users yet no exchange is hack-proofs as you said.
Even the best ones have been exploited out which mean all exchangers do really have the risk.

The thing here is that its hard to consider on having an insurer or some will built up this thing yet they do know on how big is the damage would be dealt if there are
a certain hack happened.No business nor legal firms will tend to jump in to this matter.

Mila52

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1.I'm annoyed the trading by bot, especially on a new exchanges where there is an artificial increase in volumes.
2. I don’t like to go through the KYC. I trust them to verify my personal data, and they reject my documents for several days, motivating the refusal with poor quality photos.
3. I don’t like the minimum withdrawal limit any cryptocurrency and don’t like the mandatory threshold limit of price in the order.
I think that In the future if we want the cryptocurrency to firmly enter our lives as electronic money the user has the right to withdraw and sell any number of coins.

bitcoinst

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SmartFi - EARN, LEND & TRADE

Quote from: Distinctin on September 16, 2019, 09:23:54 AM

Quote from: bitcoinst on September 14, 2019, 08:52:01 AM

The second is of course the speed of execution of orders. Sometimes you place an order on the market, and it is not executed because the market flew below or above my order in milliseconds.

Thus it means that you want to easily trade your coins with all your means and price? You are trying to manipulate the price with that and it is sad cause it probably never works in crypto trading.
We know the price is volatile, dependent on the market flows, either we like it or not that's all it meant to be. This is how crypto trading works nothing has it change, only we ask is to have a sustainable market design that will give us( trader) favor. With all these things, it helps to encourage more traders and stay in patience.

You must have misunderstood me.
For example, I didn’t put a stop loss on the exchange, and I see how the price of bitcoin falls, I place a limit order to sell at the current price, but for miles seconds the order is placed, the price falls even lower, and I have to cancel my order again and place sale at an even lower price. Imagine what losses a similar error in the functional is.

Questat

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Quote from: Google+ on September 18, 2019, 06:42:54 PM

I think for a place of exchange there is nothing more important than a security system than a place of exchange, traders only want their assets to be safe so that it must be an important task for all places of exchange.

Security is the most important but we users does not know how secure the site really is, only the team behind the exchanges knows, of course they will guarantee that they have the safest exchange but even big exchanges like Binance is not hack proof so we cannot be confident on that.

I think in order to protect the users o the exchange, they need to set some insurance for the accounts if it will be hack so users accounts will not be affected, just like what SAFU funds of binance did, but if exchange is not as big as Binance, then maybe they can find an insurer to insure their site.

Google+

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Leading Crypto Sports Betting & Casino Platform

I think for a place of exchange there is nothing more important than a security system than a place of exchange, traders only want their assets to be safe so that it must be an important task for all places of exchange.

xSkylarx

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What I would change is their kyc process. Some exchanges requires kyc before you can use their platform even if you will trade only a small amount. Also on their identity verification process I will add more accepted documents to make it more easier to complete the kyc verification.

RealMalatesta

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Quote from: Julien_Olynpic on September 16, 2019, 09:47:08 PM

I would increase the limits for trading without verification. Anyone who has the ability to trade without verification feels free. Personally, I don’t like to send my personal data to the exchange and be afraid that this data will leak into the network.

I don’t buy into that idea off increasing limit without verification when you are not new in the cryptocurrency industry, you know too well how scammers has hijacked the system and how we are trying to revive the market now, is not the right time that you feel we should abstain from kyc?

If regulation is to come in and we want the authority to help chase the scammers away, there is no way that we will not need kyc because that is the only way they can run check on a transaction that looks suspicious to them, although exchange are not even making use of the kyc the way they should use it, because if they were using it, they ought to have already get out some scammers though any suspicious transaction that they must have noticed several time.

Julien_Olynpic

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I would increase the limits for trading without verification. Anyone who has the ability to trade without verification feels free. Personally, I don’t like to send my personal data to the exchange and be afraid that this data will leak into the network.

Distinctin

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No dream is too big and no dreamer is too small

Quote from: bitcoinst on September 14, 2019, 08:52:01 AM

The second is of course the speed of execution of orders. Sometimes you place an order on the market, and it is not executed because the market flew below or above my order in milliseconds.

Thus it means that you want to easily trade your coins with all your means and price? You are trying to manipulate the price with that and it is sad cause it probably never works in crypto trading.
We know the price is volatile, dependent on the market flows, either we like it or not that's all it meant to be. This is how crypto trading works nothing has it change, only we ask is to have a sustainable market design that will give us( trader) favor. With all these things, it helps to encourage more traders and stay in patience.

jostorres

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Quote from: Bragod on September 14, 2019, 02:09:47 AM

Quote from: FindExchangeICO on June 12, 2018, 08:47:32 AM

Hi everyone!

What do you not like about crypto exchanges? What do you think exchanges could do better?

Curious as to what you guys think!

I have been using bitstamp recently - https://revain.org/exchanges/bitstamp. Therefore, I can say that I dont like high fees for deposits on credit cards. A similar trend is observed on all exchanges. The industry has long needed to lower these fees. Otherwise, it will push ordinary people away from using exchanges and cryptocurrencies in general.

If we talk now, people would say that enough of all these binance hype which truth must be told and I will say it always, I don’t know where you guy just pick some of these exchanges from and then decide to use it when we have so many popular exchanges that you know their fee can never be as high as these upcoming ones.

You cannot generalize that all exchanges have low fee on credit card transaction and trading fee because not all of them does, there are so many big exchanges like binance that has very low fee when it comes to charges on both credit card transaction and their trading fee, down to withdrawal fee, so the fact you have not used any of them would not interpreted that all of them have low fee, try those exchanges out and see if they are still same with what you are using.

bitcoinst

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First of all, these are inexplicable closures of margin trading positions on such exchanges as Binance, Huobi, Okex and Cucoin. Moreover, this happens with a noticeable periodicity and is not explained in any way by the support of exchanges. I find this behavior predatory.
The second is of course the speed of execution of orders. Sometimes you place an order on the market, and it is not executed because the market flew below or above my order in milliseconds.

Bragod

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Quote from: FindExchangeICO on June 12, 2018, 08:47:32 AM

Hi everyone!

What do you not like about crypto exchanges? What do you think exchanges could do better?

Curious as to what you guys think!

I have been using bitstamp recently - https://revain.org/exchanges/bitstamp. Therefore, I can say that I dont like high fees for deposits on credit cards. A similar trend is observed on all exchanges. The industry has long needed to lower these fees. Otherwise, it will push ordinary people away from using exchanges and cryptocurrencies in general.

playboy654

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Quote from: FindExchangeICO on June 12, 2018, 08:47:32 AM

Hi everyone!

What do you not like about crypto exchanges? What do you think exchanges could do better?

Curious as to what you guys think!

I expect the changes are again need to be very easy to giving the trust about the exchanging times because still low people are little confused about how to exchange properly so it need to be more easy interface and it will helpful for them to give the extra trust about the exchange.

iam_aayushiJ

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Customer Support at https://coinswitch.co/

Quote from: harizen on June 12, 2018, 11:30:14 AM

Quote from: FindExchangeICO on June 12, 2018, 08:47:32 AM

Hi everyone!

What do you not like about crypto exchanges? What do you think exchanges could do better?

Curious as to what you guys think!

Too much terms about verification process is the one that really annoys me. I understand that they are complying with the government terms but sometimes it's way too much e.g you submit documents but still failed although the output is clear and easy to view.

And another one of course, like anyone's concern, the way they handle their support. From better at first to worst and worst and worst.

For now, that's my concern.

Quote from: mulukey on June 12, 2018, 09:28:00 AM

In cryptocurrency exchanges I do not like it that most of the coins are dominated and manipulated by wealthy investors, which makes the market non-transparent and makes many new investors. do not want to participate in this market.

Well that's a common thing so no choice but to deal with that.

There are many points over which you seem to be concerned -

1.KYC issue
2.Support

Please check out the exchange mentioned below where I work, You can trade 400+ coins without KYC or Login/without creating an account, you can compare the prices offered by leading exchanges and trade, we are a non custodial exchange wherein we do not store anyone's funds, you send from your wallet and receive back into your wallet.

I am not shilling about my exchange where I work, I know that the honesty and transparency by which we deliver support and service to our customers. Let me know if you have any queries.

Check out https://coinswitch.co exchange

JNvak

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I kinda despise when platforms promise their users a lot of freedom and then they offer a regular offer just like everyone else.

The only exception that I know about is CoinDeal, since it gives its users a chance to vote for the next crypto to adapt (https://coindeal.com/vote).

coinplus

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Their horrible design. I know there are many more important stuff out there but I feel like the most eye catching thing is the design, there are many exchanges at the top spots that have horrible designs and I can't believe these multi-million dollar earning companies can't hire a designer that can make these websites look much better.

I have seen smaller companies even unfunded ICO's that have better designs than Binance and Bitmex have for example, they hired people that probably got paid couple thousand dollars at most and they made better designs than the companies who can spend over a million dollars on design. I don't know why and I know it doesn't really worth consideration for them since they are all bad but I feel like even a small exchange with great design could challenge them just because of the great design.

shesheboy

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Quote from: marycrazy08 on April 23, 2019, 05:24:29 PM

Quote from: FindExchangeICO on June 12, 2018, 08:47:32 AM

Hi everyone!

What do you not like about crypto exchanges? What do you think exchanges could do better?

Curious as to what you guys think!

Security and no fees hahaha

Security ? I think all good exchange do also come with good security but its not enough because no matter how good the security they have , there is also a chance that a hacker can bypass it and steal all the funds that the exchange have . and when it comes to fees , i dont think that there will be exchange that will have no fees because they will loose since we all know that everything in crypto needs a fee to be able to process a transaction . the fee wont go to the owner of the exchange but it will go the miner .

bonker

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Quote from: ecnalubma on April 23, 2019, 05:29:48 PM

I have no problem with decentralised ones, but on some centralised there are a lot problems need to addressed. Some centralised exchanges are not government compliance, executing fake volumes, poor technical support and most them turn into exit scams.

Exchanges with fake volumes can be identified easily so all you have to do is just go and see trade orders if there is something wrong then it is fake.For now Binance looks good and having real trading volume so no problem if you trade on it.

ecnalubma

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I have no problem with decentralised ones, but on some centralised there are a lot problems need to addressed. Some centralised exchanges are not government compliance, executing fake volumes, poor technical support and most them turn into exit scams.

marycrazy08

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Peace and love

Quote from: FindExchangeICO on June 12, 2018, 08:47:32 AM

Hi everyone!

What do you not like about crypto exchanges? What do you think exchanges could do better?

Curious as to what you guys think!

Security and no fees hahaha

Topic: What would you change about crypto Exchanges? (Read 790 times)