Topic: Why did you choose your current exchange? - page 5. (Read 1685 times)
First of all I am not an all time big trader. I did try trading omce before but it was too tedious for me and wasn't able to watch the market 24/7 so missed various opportunities and was making loss. I casually exchange/trade coins in an exchange. So as a casual trader i prefer binance. Easy to use, simple interface, fast and limit without verification is perfect for me. Haven't used the exchange for a while though so I don't know if its still the same.
Mostly I am using Binance, first reason is I am feeling my fund secure with it from other exchange. But I will not encourage to keep your fund with any exchange. Second reason is easy trading system especially with apps. I know there is pump dump happen sometimes but I don't enter that kind of trade. But I think almost all exchange doing that.
I read this interesting article that give tips on how to choose reliable crypto exchange, here's the link if anyone is interested:
https://www.btcurrencies.com/exchanges/top-3-tips-to-choose-a-reliable-crypto-exchange-in-2019.html
This article I suspect is to promote Decoin exchange, but they present some interesting points. I don't really have favourite crypto exchange as I trade many coins all which aren't in one exchange.
Do you have favorite exchange? Why did you choose to it? Do you agree with above article?
I trade on binance as this exchange has shown itself very well , and I think this exchange will be a very long time to lead the exchange of coins. https://www.btcurrencies.com/exchanges/top-3-tips-to-choose-a-reliable-crypto-exchange-in-2019.html
This article I suspect is to promote Decoin exchange, but they present some interesting points. I don't really have favourite crypto exchange as I trade many coins all which aren't in one exchange.
Do you have favorite exchange? Why did you choose to it? Do you agree with above article?
My favorite exchange is Binance. Firstly, since I'm a pro trader, the daily volume is very impressive. Secondly, the app helps in ease of use, giving a seamless experience and superb UI. Thirdly, the security level is good, although not the best since Binance has once been poked by hackers. Other good aspects include the staking activities, reduced fees when using BNB for fees, and also great reputation since the CEO CZ is well known and has created great impact in crypto space.
I use binance and fd. I use binance because of its innovative robustness, massive volume and the general positive sentiments, while I use fd to exchange my shitcoins to eth, most shitcoins are usually erc20, that's why fd seems to work for me.
I don't have a favourite exchange, but I do favour those that have high volumes and good reputations. There are stories of scam exchanges and those get easily hacked and those that go bust. It is best to pick a reputable exchange if you can - although sometimes if it's a small coin you want to trade then you may have to pick somewhere a bit obscure to do so.
I chose the current exchange because it is based on many factors and among them is the sales volume and price that is higher than other exchanges. at the moment my favorite exchange is binance, this is probably better than any exchange at the moment.
Binance does have a high volume, but security must be the most important thing for the comfort of the members in it to be able to maintain the assets they have. I prefer exchanges that provide fiat money exchanges in my own country to make withdrawals easier
Everyone will stand on their reasons, but the only a little conclusion that i can take from there if the users will choose it based on the reviews from the early users and it that was having a lot of good reviews and a lot of trusted feedback and it will be used by the users.
If you do the best to make the users feel confident and then they will always stay with u.
If you do the best to make the users feel confident and then they will always stay with u.
a definite reason is that transaction costs are low. because for trading of course I consider the usual low transactions for every exchange that I use to trade. I avoid Bittrex and Hitbtc, they are known to be very expensive.
I know how fees really matter to traders as this is might be a cause that people will just ignore. But what it looks into bittrex and those other exchanges with high fees are still doing it well just because they could sustain its market security which traders are looking for. It is a little bit upset but we have nothing to do...will just skip with them if we don't want to use these exchanges.
So many exchanges are being created everyday.
Cryptocurrencies were created for peer-to-peer transfers, so why there are only few peer-to-peer trading solutions?
Cryptocurrencies were created for peer-to-peer transfers, so why there are only few peer-to-peer trading solutions?
a definite reason is that transaction costs are low. because for trading of course I consider the usual low transactions for every exchange that I use to trade. I avoid Bittrex and Hitbtc, they are known to be very expensive.
Binance is on top of the game, but I have to go for Kucoin, they have very tight security, there are so many layers of security that you have to remember all your sensitive details because unlike all the other exchange, they implement three layers of security.
Support : I don't know about the others but in my case, they have addressed all my concern in a very timely manner, taking only a few minutes.
Profit Sharing They offer profit sharing to their traders, this is one of their best features I have a lot of traders referrals and I earn a passive income from their trades.
The only negative I can think of is they don't have too many coins in their platform, some of the coins I'm holding right now coming from ICO are not there, they do have a voting system for new coins, you need Kucoins to vote on their voting platform.
Support : I don't know about the others but in my case, they have addressed all my concern in a very timely manner, taking only a few minutes.
Profit Sharing They offer profit sharing to their traders, this is one of their best features I have a lot of traders referrals and I earn a passive income from their trades.
The only negative I can think of is they don't have too many coins in their platform, some of the coins I'm holding right now coming from ICO are not there, they do have a voting system for new coins, you need Kucoins to vote on their voting platform.
I have a favorite exchange that I often make now as the best place to trade or sell my assets. the exchange is binance.
why do I have binance? because I see high binary volume and also the possibility of prices being in a high position if binary is my choice. so I think now that binance is the right choice.
why do I have binance? because I see high binary volume and also the possibility of prices being in a high position if binary is my choice. so I think now that binance is the right choice.
of course binance will be at the front of the field for the most part. they really did a good job but my favourite is kraken.
for special requirements you have to switch to small exchanges and maybe you can even save kyc.
but binance and kraken are often used.
I chose the current exchange because it is based on many factors and among them is the sales volume and price that is higher than other exchanges. at the moment my favorite exchange is binance, this is probably better than any exchange at the moment.
my current exchange was indodax.com , why i chose that because that exchange are on my country and its easy to withdraw to our fiat .
As a newbie in cryptocurrency investment and trading, I choose the exchange base on the tokens or coins I have to sell. The exchange with enough volume to buy or sell is where I sell or buy to/from.
I usually trade on Bittrex because it's one of the popular and exchange with huge investors. Their trading fees are very moderate compared to some of the smaller exchanges and also their user interface is quite easy to use unlike some other exchanges that i know off. I recommend this exchange to both investors and project owners to trade and list their tokens there respectively for better exposure to the crypto market.
As I know, Bittrex is the highest fee exchange at the moment. Many traders and investors left Bittrex to move to other exchanges such as binance, okex, houbi.I usually trade on Bittrex because it's one of the popular and exchange with huge investors. Their trading fees are very moderate compared to some of the smaller exchanges and also their user interface is quite easy to use unlike some other exchanges that i know off. I recommend this exchange to both investors and project owners to trade and list their tokens there respectively for better exposure to the crypto market.
I don't think that Bittrex can make investors happy because the trading fee of this exchange is still very high and most of the projects listed by this exchange are shitcoin, so it is definitely not good for investment. The advice now is to choose to exchange Bitmax to participate because this is a new exchange with a very cheap fee and is believed by many large investors and liquidity is always very high so this is a good choice for you
I am using Binance due to it being the most popular and easiest to use at the same time. I have not been in the crypto space for a long time but its also good to hear that Binance cares about the projects and vets them before actually listing them. Binance listing real projects with actual partnerships with big companies is what really matters and not just false promises by other projects. Plus they have a basic and advanced interface which really helps a lot.
My exchange is Binance and from the start I saw that this exchange has a lot of potential and will be big in the future. Just like what is happening today, they are one of the leading exchanges doing IEO projects.
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