Topic: Why did you choose your current exchange? - page 8. (Read 1640 times)
yes of course I have favorite exchanges such as binance exchanges because most of the altcoins that I have now I always use to trade there, binance is the biggest exchange in the crypto market and also trading volume is always increasing. I don't know the exchange you mentioned above
Basically im not trader and im bounty hunter. Im using exchange in my country to cash out and investment for long term also. But if i have enough money i will choose binance for sure. The volume really great and everyone know how binance become number one cryptocurrency exchange at this time.
I use many exchanges though and hardly have any favourite but there are other I use frequently owing to their user-friendly Nature like Binance. My reason of not having any favourite exchange is to allow me utilize other exchanges the way I want without unnecessarily comparing them thus missing my aim of getting involved with that exchange in the first place.
it's clear if the most popular question exchange? the answer is binance. we know binance has a large volume and is very trusted by traders and investors. binance cannot be replaced by another exchange to say favorite.
Huobi is also a very good choice for investors. Currently, according to my assessment, Huobi is competing a lot on the number 1 position of exchanges in this market
I chose my current exchange because the fees are much lower. I also get a lot of trading pairs which I can choose between. It also has different languages on the platform. The platform is also very easy to navigate and use.
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?
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?
The main thing for me when choosing an exchanges was:
1. User friendly interface
2. Ability to trade selected currency
3. Output coins in Fiat
4. The security of my transactions through 2-factor authentication
5. Failure to provide personal identification documents
it's clear if the most popular question exchange? the answer is binance. we know binance has a large volume and is very trusted by traders and investors. binance cannot be replaced by another exchange to say favorite.
legendary
Activity: 2240
Merit: 4133
eXch.cx - Automatic crypto Swap Exchange.
Simple answer who be because it's the best exchange based on the current exchange ratings, I'm speaking of Binance exchange, the fees are reasonable, their reputation are still intact irrespective of the recent exchange hacking. Unlike other exchanges in the past which runs out of business and not been able to return their customer funds, Binance did it without issue. Guess their high listing fee was useful. I also use the exchange as the trading volumes is high and there's always a close price range between buy and sell token price unlike most exchanges that lack trading volumes.
I've used many forms for exchange in the past, most of which were average. Out of all those that I used the most suitable and trust worthy has been beaXchange.
They have most of the major crypto-currencies for trading and interestingly enough, they charge no fees for registering and to start trading. Good thing is, it's available on all platforms so I can use it on the mobile as well.
Their commission rate is the lowest I found on the market and it has saved me lot of money I usually agreed to give away on other platforms.
I highly recommend beaXchange (beaXchange.com)
They have most of the major crypto-currencies for trading and interestingly enough, they charge no fees for registering and to start trading. Good thing is, it's available on all platforms so I can use it on the mobile as well.
Their commission rate is the lowest I found on the market and it has saved me lot of money I usually agreed to give away on other platforms.
I highly recommend beaXchange (beaXchange.com)
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?
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?
There is no need to choose a reliable exchange, because you can find them right away by comparing popularity. As Binance is the largest exchange present, next is other exchange like okex, houbi. However, if you are in the US, it is currently not possible to trade on Binance
Liquidity of course
and also the branding
I am currently using Binance
It has so much liquidity there compare to most other exchange
This is also one of the reason why coin pumped when it get listed on binance
Because it has tons of money flowing in and out Binance
When you have coins with good order book liquidity, it has lower spread which is good for trading
Not just the money inflow and outflow, the CEO has an understanding of how human psychology works and he uses it to get people to like the exchange the more. Everyone has been conditioned to believe everything pumps on Binance and so it has been. and also the branding
I am currently using Binance
It has so much liquidity there compare to most other exchange
This is also one of the reason why coin pumped when it get listed on binance
Because it has tons of money flowing in and out Binance
When you have coins with good order book liquidity, it has lower spread which is good for trading
I look at two things when looking for an exchange.
The first one is volume (not fake volume, real one) and the second is, where is my token is traded on. And i try to avoid scammy ones like yobit or hitbtc.
The first one is volume (not fake volume, real one) and the second is, where is my token is traded on. And i try to avoid scammy ones like yobit or hitbtc.
I dont choose cryptocurrency exchanges based on the coinmarketcap volume because moat of these volumes are fake.
I choose exchange to trade based on the liquidity of the cryptocurrency exchange after analyzing the buy and sell orders myself.
I choose exchange to trade based on the liquidity of the cryptocurrency exchange after analyzing the buy and sell orders myself.
While I choose the exchange for trading and investing of the Crypto first of all see is there any authentic security method available or not. Bascically, I see the 2 factor authentication method. If it is available then I signup and trade.
Well I choose my current exchange because I can sell to FIAT immediately so I have no worry to pay the fees and also I choose my current exchange because it also support my native languange and it helps a lot if I get serious problem.
You didn't mention any of the exchange name. Which one are you referring to? I don't think you can have withdraw without fees. Anyway, you can get most of the exchange translated into your native.
Liquidity of course
and also the branding
I am currently using Binance
It has so much liquidity there compare to most other exchange
This is also one of the reason why coin pumped when it get listed on binance
Because it has tons of money flowing in and out Binance
When you have coins with good order book liquidity, it has lower spread which is good for trading
and also the branding
I am currently using Binance
It has so much liquidity there compare to most other exchange
This is also one of the reason why coin pumped when it get listed on binance
Because it has tons of money flowing in and out Binance
When you have coins with good order book liquidity, it has lower spread which is good for trading
According to the link which OP mentioned it was says he was recommend decoin exchange and the article says too most of their funds saving at offline wallet to avoid hackers and have tight security but i think the current exchange too have high security but there is no guarantee the exchange will never got hacked however i choose my current exchange because they have the feature can convert my crypto to my currency and withdrawal directly to my bank account and the best part too they have low fees for every transactions
Well I choose my current exchange because I can sell to FIAT immediately so I have no worry to pay the fees and also I choose my current exchange because it also support my native languange and it helps a lot if I get serious problem.
You didn't mention any of the exchange name. Which one are you referring to? I don't think you can have withdraw without fees. Anyway, you can get most of the exchange translated into your native.
Well I choose my current exchange because I can sell to FIAT immediately so I have no worry to pay the fees and also I choose my current exchange because it also support my native languange and it helps a lot if I get serious problem.
The first exchange is used was bittrex, it seemed easy and user friendly after watching some videos on YouTube on how to use it.
Jump to: