Bitcoin Forum

Hello everyone!

We are developers with a though of building a people`s crypto exchange. Devised by people

and built for people. What do you think are the biggest challenges
crypto exchanges face nowadays ? Have you suffered from the exchanges beore? What is your

ideal exchange? What features and option would you love to see if you could start an

exchange? We will build the people`s exchange solely on the vision of the community and your

advice.  Make an impact and tell us how you want us to develop the exchange and what

features to include?

I don't need a lot of features but the important thing about the exchange must be a reliable, easy for use and there is no a lot of verification. I give you an example just like the binance exchange site. to get listed on there doesn't need a lot of requirement.

the most easy exchange to use is bitfinex.

the interface is simple, the support is good and they have more and more coins to trade!

I think Binance will be one of the best in some time. Low fees. Quick adding new coins. A lot of work at project.

low fee trade, low fee send in wallet. and has double security in account,fiture chat, and easy access by HP and computer.

I like Binance the most.

Low fees, even lower when using their token, responsive team, great interface (especially PRO).

The only thing I miss are stop loss and limit orders, but the team said they are working on it and should be released soon.

i agree.verification always making us mad,and the money order in which ur coins will be paid..make it hassle free and easy to claim.in which the users wont be mad when they needed to withdraw

the important low fees, easy to use, and the most important fast response when there are problems. many exchanges have low to respond when there is a problem. We as members need this

When choosing an exchange, I usually check on its withdrawal fees first, esp for bitcoin. The next thing is how quick and good the support replies and find solution in each issue so a reliable 24/7 support is really great. Third thing I can say (but it should not be the last), is the availability of good coins in that exchange. So this will relate on how easily but securely one can list his coin in that exchange.

It will be in some few month. And if they somehow could make USD deposits, they will be a leading not DEX exchange

Poloniex is ideal. Nothing to add

FOr me poloniex makes things easy.. maybe because it was my first.

The first thing and the most important is fast response when we got problem and easy to use , low fee for trading and for sending/withdrawing and of course double security.

Lykke, 0 fees , mobile app, mobile wallet

I think the current exchanges are OK, only they need to not go out of business. I can count, easily, 5 or more exchanges which were at the top of the crypto world and are now gone, without lasting longer than 5 years.

1. Mt. Gox
2. Cryptsy
3. BTC-e (came back but lost customer funds)
4. Can't remember the name, but I personally lost money when it closed
5. China closing exchanges

There is A LOT more than the above, so yeah I think the main thing is they actually need to stay in business to build up trust.

I use Coinbase to exchange btc in eur and transfer them to my debit card, but high fees. I use that 'cause is easy to use and reliable. To exchange btc in other crypto I use Poloniex or Bittrex, the best twice.

My ideal exchange has to be reliable, deposit and withdrawal should be fast and without problems.
Support ticket should be answered within 24 to 48 hours and not leaving the users hanging with standard answers.
Good luck to your project.

Cryptopia is reliable and fast. My alts r all on Cryptopia except a few they do not handle ;D

Well, I personally I use Lykke wallet and trading app. For me is the best because it use a new technology which make unable to anyone to hack my online wallet. Also has Zero fees and a very easy interface to use. 

I used bittrex for quite sometime now but I would not suggest it to others because of it's restrictions for verification. I would say verification will be the toughest job to handle for an exchange.

Yobit, Bitrex and polenix are best exchange sites which gives various types of coins options to sell and buy. Verification is the good to be safe for the both the parties securities in every exchange site.
I use to deal with the bitcoins only as of now so I always sells the bitcoin in localbitcoins exchange only fiat cash. There verification is expects when the time of selling or buying coins.

First of all, volume, competitive fees and variety of coins are important.

The most recent incident with Bittrex is unpleasant. The sudden request of identity verification left many users stranded. So advance notices and communication with users are deem important.

It must be fully integrated with trade support tools, reasonable transaction fees, easy to use interface, enthusiastic and serious support staff, exchange should only select and list potential projects. I often use Bitfinex and Bittrex to trade coins because both are reputable in the market today and the security is very high.

The perfect exchange has to be decentralized in my opinion.

There is no need to trade decentralized assets in centralized exchanges which control most of the supply.

I would like an improved interface, in relation to the existing exchanges on the market. Also greater physical and legal security of the exchange, backed by a large organisation, that is not only in the crypto world.

In a sense, an exchange is not totally part of a decentralise environment, since investors, can change into fiat currency.

i used to go on bittrex on my daily trading. but there's a news that some of the account get banned without notice by admins. i am planning on transferring my coins to other exchanges maybe to poloniex or kraken.

Low transaction fees
User friendly
Reliable
Secure, a lot of verification. Project owners should invest a lot in security part. This is I care most.

when I analyze any crypto currency before I start investing I check volume for last months and how secure it is. will my coins be secure is very important question.

I am using Bittrex for a long time and I can suggest it to you.

I think that my choice will be most popular among the others just because Bittrex is definitely the best exchange! Fast transactions, a lot of trading tools and detailed graph.

I use  bittrex for work. It's a habit. Besides, I like the pumps ;D

Ideal crypto exchange should be

- decentralised so hard to shut down by governments
- slick UI tailored for both beginner and trader
- Reliable platforms and good support
- low but sustainable fees
- friendly to new coins

Decentralized with good support and quick is 3 different things. May be somewhere in .. 2020  :)

so far i just use yobit and cryptopia, both are very easy to use, and fast when doing transaction. I think the cost is not too much of a problem, the most important is how fast when the deposit or withdraw, and not too often a problem or maintenance when we use it.

At present, the important security issue is translated into privacy.
Users do not want to expose themselves to identity theft with their personal data in traditional exchanges.
That is why, exchanges that do not collect that private info, are lately the preferred ones.
And in that line of thought, it is clear that later (not in the immediate present)
fully decentralized exchanges will be very popular.

First of all the main important thing for me is the security of the exchange.Make it sure that it would really be reliable and wont be easily be hacked just like what happen on some exchanges back in the previous years and i do believe this thing is the main concern specially on us traders which do make big amounts of trades.In this thing we wont really bother too much if the site security is realiable.Next would be less fees,most people do love this stuff that exchange wont really overcharge their traders or users of the site.Next, the GUI, it should really be friendly and not too heavy just like what we saw on Etherdelta.

I prefer Etherdelta and cryptopia exchanger as my ideal crypto exchanger because it is the easiest and fastest exchanger I know. There are lots of available tokens thats why many of users used this exchanger..

I no need to many features just because of this I am also using Bitterx for some time and have never any issue now they ask for verification I do this and now feeling more secure some time I use poloniex its also works very good for me right now

Lets see, it has to be exchange with lowest fees, without bots, without any kind of problems and it must have fastest cashouts.
Of course it has to be anonymous exchange, without asking for documents if you want to withdraw more than few hundreds dollars.
Does it sound like decentralized exchange somehow?

Used to be bittrex, until they started cracking down on people's accounts. I don't particularly like etherdelta, but I think the decentralized exchange idea is great.

You need to create /code it in such a way that it will still be responsive even under heavy load.
Ideally youll have an android and ios client, then any other device will access through web browser.
Have a chatroom available, allow users to enable or disable it as they wish.
Have lower fees than competitors.

I don't want it to have a withdrawal limit and the fees should be low as 1k sats only. And also shitcoins won't be allowed to get listed and all altcoin should be examined by crypto experts first before getting listed so traders won't lose too much of their money because of those scammer devs.

My ideal exchange already exists and it's Cryptopia. If only they would decrease the amount of withdrawal fee then everything is perfect. If only Bittrex does not force people to verify their accounts or remove the verification process then they will be the best ideal crypto exchange for me.

I also bet to cryptopia, it is one of the good exchange sites in crypto currency industry. Moreover I also choose Yobit and Cryptodao, the list of coins and altcoins included to this site are higher price value. I think if we invest in this exchange site we will earn much income.
Definitely I have some numbers of altcoins in this three sites I still hold it for now because I expect good amount back into my wallet.

It would be bittrex. Those other exchanges is very upleasant to my eyes and while the others have ugly user interface. Bittrex is very simple,clean and neat that is very perfect for traders that has a high standards for trading sites.