Topic: Which features do you find crucial to evaluate a trading platform? (Read 157 times)
September 30, 2018, 06:31:00 PM
Their are so many new exchange which are hard to find and due to all new altcoins listing in this exchange makes user to trade in this exchange but I only do trading in high volume trading exchange only
September 30, 2018, 05:05:35 PM
With trading platforms it comes down to 3 things for me, 1 is the fees that they charge, 2 is their accessibility and the options they have in terms of coins to trade and 3 is the interface.
September 30, 2018, 04:19:33 PM
I am looking for some reviews online about the platform, about its founders (if applicable), checking all the communication channels (Telegram, Medium etc.) and just trying to compare few platforms.
September 30, 2018, 01:28:20 PM
I personally look for high liquidity. This is one of the top features of a good trading platform.
Trading volume is also an important factor.
This is of course after security. An exchange should guarantee the safety of assets on its platform.
Trading volume is also an important factor.
This is of course after security. An exchange should guarantee the safety of assets on its platform.
September 30, 2018, 01:17:23 PM
here is some tips - i kinda find it useful to start with https://blockgeeks.com/guides/what-is-cryptocurrency/ ...
Its the basics for crypto trading, but the question was about trading platforms. What that important the trading platform should have?
But there are different trading platforms - like Bloomberg, Bittrex and so on. Binance is more for self trading. Cryptocompare?
I would put the question differently - how can I find a trading platform where I can trade with the help of trader, like with stocks?
September 30, 2018, 01:10:01 PM
I have 1 feature of good trading platform. Its name has to be Binance. That the best option for regular trading. Its sharp, without fake trades, has great interface, its secured the most. Binance help even users with hacked API kays. It also has highest volume (lowest spread) and very low trading fees. I've used at liest 10 exchanges (just to utilize shitcoins that i had for free). Noone was even close to binance. And none of new trading platforms will ever get close to binance because every new one will have volume close to 0 (huge spread). To convince me to switch from binance it must mature, get good reputation, survive few hackers attack without loosing coins and get massive volume. I dont think that it is possible in less than year.
Absolutely! So far Binance is best for trading and exchanging crypto or utilizing tokens. But how to find the trader that you can entrust your founds to trade with? September 30, 2018, 01:06:10 PM
Recently I poped up on one promising project - called Socium Trade. They are on starting basis now, as far as I understood the project is about to launch in November, you may want to take a look at it. Find it here on Bitcoin Forum.
The feature I like that they offer the traders profiles, where you can find a trader for yourself. Though Im not sure from which minimum you can start, but looks like there will be possibility to have a joint investment pools for that cases.
The feature I like that they offer the traders profiles, where you can find a trader for yourself. Though Im not sure from which minimum you can start, but looks like there will be possibility to have a joint investment pools for that cases.
September 30, 2018, 01:02:48 PM
here is some tips - i kinda find it useful to start with https://blockgeeks.com/guides/what-is-cryptocurrency/ ...
September 30, 2018, 12:59:38 PM
It seems that new projects appear every single day. Do you have your own list of characteristics you find important for a trading platform?
Im not really sure it is a good time to start new project and ICO, but yeah, I agree there are plenty new projects, and it is hard to identify whether the project will be a success, its like gambling. Trading platform - hmm, the most important is to find a reputable and trusted trader, if you are new in crypto or just wish someone with more experience to operate with your investments. There are plenty of trading platforms that you can do it on your own. Characteristics? hm... just take a top 5 of trading platforms like binance. If you want to find a trading platform where you can find a trader, depends on your amount of investment.
September 30, 2018, 12:53:42 PM
I have 1 feature of good trading platform. Its name has to be Binance. That the best option for regular trading. Its sharp, without fake trades, has great interface, its secured the most. Binance help even users with hacked API kays. It also has highest volume (lowest spread) and very low trading fees. I've used at liest 10 exchanges (just to utilize shitcoins that i had for free). Noone was even close to binance. And none of new trading platforms will ever get close to binance because every new one will have volume close to 0 (huge spread). To convince me to switch from binance it must mature, get good reputation, survive few hackers attack without loosing coins and get massive volume. I dont think that it is possible in less than year.
September 30, 2018, 12:43:02 PM
It seems that new projects appear every single day. Do you have your own list of characteristics you find important for a trading platform?
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