Bitcoin Forum

What parameters should someone check when trying to choose an exchange to work with?

The fee?

Their rep. It's no good choosing an exchange with low fees or lots of coins if they're morons who can't run an exchange properly or refuse to respond to support tickets. That's basically all of them at the moment.

I do have many signs on knowing a much trustworthy exchange.. One is review from random high ranking traders,, second is customer service with much concern to they’re clients with recommendations from they’re valued clients without referrals.. And last would be the fee,, I consider it a bonus as it always be much better to have much higher free with proper protection of my investments..

The fees are the last thing to look at honestly. The usability and user experience comes first, how responsive is the support, the limits, verification needed etc.

the volume , volume is the first thing i look , because if the exchange has a big volume, we can do "ping pong" trading

well, the volume of transaction first, withdrawal fees, the interface (not clunky and easy to understand what's going on in the market).
Then i would check how long the exchanger is running, their reputation, reading reviews around is always good, there are many things to check before deciding which one you should use.

First I care about the price, the transaction fee. I also care about the trader. Also, you need to pay attention to avoid cheating

A good exchange should provide:
A good security with limited history of vulnerability leaks.
privacy although this will depend on the form of payment.
That shopping limits are high.
Rates of reasonable change based on the current price.
A good reputation, try to choose a trustworthy and long-dated Bitcoin exchange. Sure, some new Bitcoin exchanges may offer lower rates and better service, but until you have built a good reputation from below, you should continue with the most popular exchanges.

For centralizasi exchange the most important thing for me is they should has full regulation. And other thing they has some feature for high security like 2 step verification. And also they has stopp loss feature to reduce loss during trading.

There are many things to be considered before putting your money on any exchanges. Read some reviews about the site and ask on the forums about what they think in a specific exchanges. In this way you can get answers directly from the users itself. Also something to be considered is its users base. Of course the more users it has the more confident you can put your money into it. It simply means that many investors trust this site. You may also want to considers is its transaction fees. Analyze if it is worth it. Withdrawal system is also worth looking at. Also try to invest in other exchanges too, don't rely on just one exchange. There are also exchanges that have coins that are not included in others so you may want to check that as well.

The best part is their support because if their support is not good then no use of using any exchange. After you send money and stuck with some issue and if you don't get a correct answer from their support team then you will lose your profit or money. So as per me, support should be good to choose any exchange site for trading.

The mechanism, support, credibility and reputation in the community. There are so exchange sites like binance and okex that gives a very good experience while trade in there, Bittrex and polo strict their new registrant to complete the enhanced verification. Hitbtc turned into the shady exchange site. But the important thing you can try to see from the community's feedback.

I personally focus more on volume in choosing the exchange. unless I am going to do arbitration then price and volume are very obliged to be noticed.

There are many factors that must be pay for attention, volume, cost, price ratio chart. Be careful of a stock exchange. Pay attention at the rules.

I prefer exchanges that doesn't have any kyc or account verification just to trade a small amount of cryptocurrency. Every exchange out there has different exchange rates so what I do is pick the best one before trading. Also those exchanges that have a wider option where you can trade your btc to different kinds of altcoin.

Ofcourse we want exchange sites that offers small transaction fees. That's mainly it. Other basic needs are its high reliability, security and a site with good feedbacks from people.

I am often interested in the development potential of copper coin to see if it can grow long term. Then I watched the trading volume of 24-hour coin that fluctuate how. If trading volume increases significantly, the value of coin will not change, I will invest in coin.

Many factors.  Liquidity, reputation of exchange, fees.  I prefer to avoid the biggest exchanges and instead go for the medium sized ones.

Since, I like to trade big, the first thing I check for is the 24 hour Bitcoin trade volume of that particular exchange. Volume needs to be high so that you are able to sell your profits. Second, is I look up for recent issues faced by user on exchange. If they are very less, then the exchange is good to go.

I choose the market by looking at the security conditions of the market and how the volume within 24 hours in the market is a lot of trading there if a lot and smoothly it will be my market choice. like as bittrex and poloniex

I prefer medium exchanges and usually I'm looking for few stuff, in this order:

Limits, Reputation. Do the exchange have my pairs of some exotic coins and Fees.

For me the quick actions are very important in the crypto exchanges and the one which gives it faster is what I choose in first glance. For example, if there is any coin which getting dumped to even pumped then my orders must be opened and closed faster than normal so that I won't loose my money or don't loose my profits. This is important in the situation when you don't have options of auto-trades.

Apart from this I would really hate if my exchanger doesnt load completely in very short period of time. There are some big exchangers which takes a while to load completely and display the real time data. This is not good thing and I will never choose such exchanger at all. Besides this I will also look for my portfolio of the coins and will see which one is listed and which is not. If major of the coins are present then thats preferable for me.

The fees and the volume that they are managing are the only things in what i take care about..
You can not pay $40 worth of fees just to withdraw your money from there..

I see from the number of volumes in the market and see how the security is owned by the market, when the volume of the market there is high and its security is also very high I will use that market for me to do trading.

Of course the fees for transactions are essential thing. But on my mind it is more important the existence of reliable security system of platform. Because all these hack attacks are real problem for users.