What's the biggest problem with EXCHANGES right now? - page 4.

rickyleatham

member

Activity: 126

Merit: 10

Get your share of the future

Quote from: janbrzeski on January 04, 2018, 12:37:11 PM

What do you think is the biggest problem/what's lacking with current crypto exchanges? There are quite a few of them, they're making hundreds of thousands a day and yet I can't help but notice some things like...

-> Terrible, inexistant support (on most)
-> Verification takes weeks
-> Reliability (uptime) sucks

Personally what I'd like to see most is an exchange with FLAT FEES. Wtf why are all percentage based? With stocks you usually pay like $5-$10 per order. Here you end up paying hundreds if you trade bigger amounts.

So... what's yours?

Recently due to the huge amount of new users registered verifying on exchanges, and huge amount of investors on exchanges making them delay, and slowdown clearly, sometime transactions takes weeks with bitcoin, worse the fee the charge us on each transaction has risen too, nearly 20$ for each transaction, that is not acceptable.

sugihe

full member

Activity: 196

Merit: 100

Recently, there are some exchange have problem with their investor.
Withdrawal stuck and high fee are my concern with the exchanger. I think thats the most problem that i dont like it very much.

Koro-Sensei

full member

Activity: 658

Merit: 103

Quote from: janbrzeski on January 04, 2018, 03:19:59 PM

Quote from: tora on January 04, 2018, 02:17:51 PM

1) Poor support giving no answers
2)Asking for photo ID
3)Wanting Google 2FA even when it is not possible on a laptop.

Interesting, yeah 2FA is annoying! I got like 20 now on my phone and lovely bittrex asks for it every damn time... with no other backup way of logging in

However I cant really see what they could replace that with

You cant help it they are just tightening their security so no excuses allowed if they are hacked and it would be difficult to hacked if every users has 2FA.

yrreg ger

sr. member

Activity: 448

Merit: 250

Quote from: posesion19 on January 04, 2018, 06:31:43 PM

Quote from: janbrzeski on January 04, 2018, 12:37:11 PM

What do you think is the biggest problem/what's lacking with current crypto exchanges? There are quite a few of them, they're making hundreds of thousands a day and yet I can't help but notice some things like...

-> Terrible, inexistant support (on most)
-> Verification takes weeks
-> Reliability (uptime) sucks

Personally what I'd like to see most is an exchange with FLAT FEES. Wtf why are all percentage based? With stocks you usually pay like $5-$10 per order. Here you end up paying hundreds if you trade bigger amounts.

So... what's yours?

some exchanges have a poor support, I ever put a ticket in the one of big exchange two weeks ago and still no answer
I want a quick response but they just ignore it

For me most exchanges have poor support and it really is annoying how it could take them time to answer our problems. In fact, when there is a problem in them, they seem not to be concerned of the traders, users and etc. who used their exchanges. Not even a single announcement about what is happening. It really is disappointing and they should try to increase or upgrade their systems, they should be the ones adjusting to the growing numbers of transactions and users.

Haladay

sr. member

Activity: 476

Merit: 250

Quote from: janbrzeski on January 04, 2018, 12:37:11 PM

What do you think is the biggest problem/what's lacking with current crypto exchanges? There are quite a few of them, they're making hundreds of thousands a day and yet I can't help but notice some things like...

-> Terrible, inexistant support (on most)
-> Verification takes weeks
-> Reliability (uptime) sucks

Personally what I'd like to see most is an exchange with FLAT FEES. Wtf why are all percentage based? With stocks you usually pay like $5-$10 per order. Here you end up paying hundreds if you trade bigger amounts.

So... what's yours?

Trust, reputation and fast systems, these are very classic things we deserve from exchanges. How about support ticket answer rate or answer speed? I used 4 or 5 exchanges and none of them replied my support tickets so far. This is only awful for them, what a shame.

posesion19

full member

Activity: 154

Merit: 100

Quote from: janbrzeski on January 04, 2018, 12:37:11 PM

What do you think is the biggest problem/what's lacking with current crypto exchanges? There are quite a few of them, they're making hundreds of thousands a day and yet I can't help but notice some things like...

-> Terrible, inexistant support (on most)
-> Verification takes weeks
-> Reliability (uptime) sucks

Personally what I'd like to see most is an exchange with FLAT FEES. Wtf why are all percentage based? With stocks you usually pay like $5-$10 per order. Here you end up paying hundreds if you trade bigger amounts.

So... what's yours?

some exchanges have a poor support, I ever put a ticket in the one of big exchange two weeks ago and still no answer
I want a quick response but they just ignore it

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: janbrzeski on January 04, 2018, 12:37:11 PM

What do you think is the biggest problem/what's lacking with current crypto exchanges? There are quite a few of them, they're making hundreds of thousands a day and yet I can't help but notice some things like...

-> Terrible, inexistant support (on most)
-> Verification takes weeks
-> Reliability (uptime) sucks

Personally what I'd like to see most is an exchange with FLAT FEES. Wtf why are all percentage based? With stocks you usually pay like $5-$10 per order. Here you end up paying hundreds if you trade bigger amounts.

So... what's yours?

Yeah, the percentage-based commissions in Bitcoin trading always bothered me. It's been with us since the beginning, and I'm really not sure why it became the norm. Maybe it's the risk profile of operating a Bitcoin exchange. The risk of fallout from hacks is much greater than stock brokers because of the irreversible nature of Bitcoin payments.

Unfortunately, these exchanges weren't built to scale overnight. The kind of inflows exchanges are taking on is totally unprecedented. Both Bitfinex and Bittrex recently disabled new user registrations because they couldn't cope with the traffic. Then Binance was being touted as the top performing altcoin exchange. Today, Binance shut down new registrations as well!

The exchange situation is bloody awful right now. Terrible uptime across the board.

TERA2

full member

Activity: 266

Merit: 222

Deb Rah Von Doom

Right now theres a problem with limits and verifications.

There's also always been the problem that you have to entrust the exchange with full control of your coins. I think the exchanges should hold your coins in some kind of multisig wallet arrangement to avoid losing your coins to hack or closure.

janbrzeski

newbie

Activity: 14

Merit: 0

Quote from: milewilda on January 04, 2018, 03:53:36 PM

For now i would go for Support thing which people do really need this thing which exchanges should really be responsive on any tickets from users because people would really like to have a responsive support-(including me) but on the current situation most of them do have poor support or doesnt really respond at all.

FLAT FEES? Its not possible. They are doing business on here which means any orders would have a corresponding %/order.

Why not? Essentially all forex and most stock brokers work this way. Placing a trade costs for example $10. I don't understand why wouldn't they implement a similar structure?

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: janbrzeski on January 04, 2018, 12:37:11 PM

What do you think is the biggest problem/what's lacking with current crypto exchanges? There are quite a few of them, they're making hundreds of thousands a day and yet I can't help but notice some things like...

-> Terrible, inexistant support (on most)
-> Verification takes weeks
-> Reliability (uptime) sucks

Personally what I'd like to see most is an exchange with FLAT FEES. Wtf why are all percentage based? With stocks you usually pay like $5-$10 per order. Here you end up paying hundreds if you trade bigger amounts.

So... what's yours?

For now i would go for Support thing which people do really need this thing which exchanges should really be responsive on any tickets from users because people would really like to have a responsive support-(including me) but on the current situation most of them do have poor support or doesnt really respond at all.

FLAT FEES? Its not possible. They are doing business on here which means any orders would have a corresponding %/order.

janbrzeski

newbie

Activity: 14

Merit: 0

Quote from: tora on January 04, 2018, 02:17:51 PM

1) Poor support giving no answers
2)Asking for photo ID
3)Wanting Google 2FA even when it is not possible on a laptop.

Interesting, yeah 2FA is annoying! I got like 20 now on my phone and lovely bittrex asks for it every damn time... with no other backup way of logging in

However I cant really see what they could replace that with

tora

member

Activity: 532

Merit: 13

1) Poor support giving no answers
2)Asking for photo ID
3)Wanting Google 2FA even when it is not possible on a laptop.

janbrzeski

newbie

Activity: 14

Merit: 0

What do you think is the biggest problem/what's lacking with current crypto exchanges? There are quite a few of them, they're making hundreds of thousands a day and yet I can't help but notice some things like...

-> Terrible, inexistant support (on most)
-> Verification takes weeks
-> Reliability (uptime) sucks

Personally what I'd like to see most is an exchange with FLAT FEES. Wtf why are all percentage based? With stocks you usually pay like $5-$10 per order. Here you end up paying hundreds if you trade bigger amounts.

So... what's yours?

Topic: What's the biggest problem with EXCHANGES right now? - page 4. (Read 402 times)