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Topic: What would you change about crypto Exchanges? - page 2. (Read 789 times)

full member
Activity: 1106
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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!
we need to do one thing about finding the scam we need to be make easily for everyone if it was been possible then take changes are very easily trustable and there is no doubt about what we are doing and the fear also was less while doing this every time
legendary
Activity: 1288
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Each exchange has its own character, if you see transaction costs, you can say the price range is not too far away. it's just that an exchange that can provide a good reputation must have transaction fees that are usually much higher. But remember security is a major issue that you should be able to prioritize.

While manipulation will always be there and even according to data that has a cash flow in exchanges it is not entirely honest. Lots of inaccurate data and it is usually used as public opinion.
The good reputation they have should be the more reasons why their translation fees should be low. Some of the exchanges can actually charge low, it is just greed that is their number 1 friend. One of the thing many people look for in an exchange is reputation, and once an exchange has one, then definitely, such exchange will have quite large number of people trooping in, which make their volume higher, and the higher the volume, the higher their profit.

Some of these exchanges just fail to bring down fee because they are already used to that fee being collected by them.  So, what is very much important to me is Security and transactions fee which I feel BNB is already giving me.
hero member
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I think majority here doesn't want to execute tradings with high fees. And also, i always consideing the platforms of an exchangr aside from the fees. Some exchanges doesn't contain charts and some supported it and that is always important when trading. And I stayed loyal to an exchange if it was a trusted and provided a stop loss features.
I haven't seen any of exchange that doesn't have its own chart so traders will be able to ascertain where could the market go. However if there are some and you have no choice but to use it, then you may just look to the orders or you can also view some charts to another exchange as most likely different exchange's altcoins prirce doesn't vary much.
legendary
Activity: 1414
Merit: 1001
What I do not like about some exchange is the manipulation of prices and trading activities in it. But of course, exchanges are important when it comes to cryptocurrencies, some really need to improve the processing time and the transaction fees must be lesser.
But that has happened and may take a long time to anticipate market manipulation because this is a free market and decentralization, the government will find it difficult to uncover all of this, sometimes large and small trade is no different only large trade can affect prices but still in trade , hopefully in the future we can find something that is good for all of us, the cost is also a problem for me where various exchanges are very different from the rates they provide for shipping costs and there are greater in taking advantage of where I don't like a little what I send is only half available.
Each exchange has its own character, if you see transaction costs, you can say the price range is not too far away. it's just that an exchange that can provide a good reputation must have transaction fees that are usually much higher. But remember security is a major issue that you should be able to prioritize.

While manipulation will always be there and even according to data that has a cash flow in exchanges it is not entirely honest. Lots of inaccurate data and it is usually used as public opinion.
full member
Activity: 1470
Merit: 103
COMBO 2.0
There are many exchanges around if you dont like one change to another and am sure Forkdeltha and etherdelta is known to many as the go-to for traders in the token market Generally ones one is good it has many users therefore more trade if its lobbying another one is there to take its job
legendary
Activity: 1484
Merit: 1004
What I do not like about some exchange is the manipulation of prices and trading activities in it. But of course, exchanges are important when it comes to cryptocurrencies, some really need to improve the processing time and the transaction fees must be lesser.
But that has happened and may take a long time to anticipate market manipulation because this is a free market and decentralization, the government will find it difficult to uncover all of this, sometimes large and small trade is no different only large trade can affect prices but still in trade , hopefully in the future we can find something that is good for all of us, the cost is also a problem for me where various exchanges are very different from the rates they provide for shipping costs and there are greater in taking advantage of where I don't like a little what I send is only half available.
legendary
Activity: 3514
Merit: 1280
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either heavily regulated (so that they are more trusted) centralized exchanges.
or easily used with a lot more user friendly options decentralized exchanges so we eliminate the middle man and the trust issues all at once.

so far we have half of each of these! centralized exchanges that are somewhat regulated but not trusted yet and decentralized exchanges which are not easy to use and don't have the same options

It is not just about the lack of convenience and ease of use

The decentralized exchanges that I have heard of (for example, the ones based on the BitShares token) are not as decentralized as they pretend to be. A truly decentralized exchange should be implemented on the blockchain level and in the personal wallet so that you don't have to use centralized services to execute trades (this is possible with technologies like Lightning Network). Still we are far from that and things are unlikely to change in the future as such exchanges won't bring profits to their creators and developers (as otherwise they won't be decentralized)
hero member
Activity: 2968
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I think majority here doesn't want to execute tradings with high fees. And also, i always consideing the platforms of an exchangr aside from the fees. Some exchanges doesn't contain charts and some supported it and that is always important when trading. And I stayed loyal to an exchange if it was a trusted and provided a stop loss features.
My loyalty has always been with Binance and it will remain with Binance till crypto disappears, that is if it will ever disappear. Most of the features I ever desire in an exchange, such has great interface, friendly website, high trade volume, good security system, and the best of it all, low transaction and trade fees.

These features above are the main reasons that is still making Binance one of the best exchanges we ever have in the market today and until another exchange is able to beat these features, I don’t think that I am ready to look into or consult another exchange’s services.
No doubt on that matter thats why we are seeing theme on of the top spots here on the current market.They do provide out the best service on where a certain trader could have.

They wont able to be removed on the competition if no other exchange would par out their current performance.For other features same as yours I cant ask anymore yet Binance do provide it all
but the thing i do worry is that this exchange would go into the same path where Bittrex and POloniex do go.
hero member
Activity: 1190
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I think majority here doesn't want to execute tradings with high fees. And also, i always consideing the platforms of an exchangr aside from the fees. Some exchanges doesn't contain charts and some supported it and that is always important when trading. And I stayed loyal to an exchange if it was a trusted and provided a stop loss features.
My loyalty has always been with Binance and it will remain with Binance till crypto disappears, that is if it will ever disappear. Most of the features I ever desire in an exchange, such has great interface, friendly website, high trade volume, good security system, and the best of it all, low transaction and trade fees.

These features above are the main reasons that is still making Binance one of the best exchanges we ever have in the market today and until another exchange is able to beat these features, I don’t think that I am ready to look into or consult another exchange’s services.
hero member
Activity: 784
Merit: 502
I think majority here doesn't want to execute tradings with high fees. And also, i always consideing the platforms of an exchangr aside from the fees. Some exchanges doesn't contain charts and some supported it and that is always important when trading. And I stayed loyal to an exchange if it was a trusted and provided a stop loss features.
Regular traders don't want to pay their profits as trading fees because they are going to trade on exchanges too often.Good support team also another thing expected from an exchange to be as good among the traders.We are still at the beginning of crypto age in future there will be lot more development will happen on each part of trading platforms until that keep trading happily.
sr. member
Activity: 1330
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I think majority here doesn't want to execute tradings with high fees. And also, i always consideing the platforms of an exchangr aside from the fees. Some exchanges doesn't contain charts and some supported it and that is always important when trading. And I stayed loyal to an exchange if it was a trusted and provided a stop loss features.
member
Activity: 194
Merit: 10
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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 really don't like the time and transaction fees of BTC. I quite like BTC and hold a lot of money in BTC. But each time dealing with people, it is very time consuming and the fee is quite high. I hope BTC can upgrade the trading system so everything goes smoothly.

There's should be a limitations of sell activity in order to avoid sudden price dumps, because that the common reason why we experience fluctuating market. Some illegal money transactions was used by illegal activities such money trafficking, and worst drug money turned to digital currency. This money was sent to other parts of the word using crypto based transactions which the government cannot intercept. So proper regulation in every exchanges must be changed according to security measures to avoid those circumstances to occur.
full member
Activity: 1498
Merit: 146
Their withdrawal fees are looks more expensive when compared to the transaction fee and some exchange even habe high transaction fee as well which really make traders to be hated about it,so just choosing the fee based on how much we are transacting will be better.
hero member
Activity: 798
Merit: 1000
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 would remove all the people behind the projects.They have powerful words that can affect prices.
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Crypto exchanges may have different options and functions. Some of them are made for traders, while others are made for prompt crypto fiat exchange. Crypto exchanges that are designed for regular traders allow you to buy crypto and sell them with lower commission fees than on crypto to fiat exchanges. Also, trading platforms charge fees for withdrawing money from the account.
legendary
Activity: 3346
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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!

First of all, they need to stop asking for the KYC from all the users. If I am a small time crypto user trying to sell my $10 worth of altcoin, then I have to go through this irritating KYC process. Do you think that is fair? KYC should be made mandatory only for the high volume traders. And secondly, they need to lower the withdrawal fee. Most of the exchanges are charging a fee of BTC0.001 to withdraw the coins, which I think is very unfair to the small traders.
copper member
Activity: 84
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Atronocom
Exchanges should do something about the high transaction fees .
Some of the  exchange support staff are not experienced in customer relationship services ,so exchanges should hire support staff that are qualified to represent them well.
The delay in withdrawal should also be looked into.
member
Activity: 770
Merit: 10
https://streamies.io/
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 really don't like the time and transaction fees of BTC. I quite like BTC and hold a lot of money in BTC. But each time dealing with people, it is very time consuming and the fee is quite high. I hope BTC can upgrade the trading system so everything goes smoothly.
hero member
Activity: 2996
Merit: 609
I would have left 10 exchanges at all, the rest would be closed, most exchanges do not have any volume at all, and they trade in unknown tokens, let them be fewer, and those who work stably will remain and show a good result.
Why bumping a thread which its 3 months old  being inactive.?

On topic,i do much prefer on that way on having 10 or lesser number of exchangers do exist for tho volume of coins wont
really be separated nor divided.We would able to see exchangers have more volume yet most coins aren't scattered or being
traded by hundreds of exchangers do exist as of this moment.
legendary
Activity: 2912
Merit: 1068
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To my opinion two biggest concerns that I have related to exchanges are security and customer support. I think these are to weakneses of all exchanges that are not paying enough attention. The way they run their business, fees and trading volume are more or less the same for all biggest exchanges but they still don't valu enough their clients, so us traders and don't give them the level of service that would be complete.
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