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Title: What would you change about crypto Exchanges? Post by: FindExchangeICO on June 12, 2018, 01:47:32 PM Hi everyone!
What do you not like about crypto exchanges? What do you think exchanges could do better? Curious as to what you guys think! Title: Re: What would you change about crypto Exchanges? Post by: mulukey on June 12, 2018, 02:28:00 PM Hi everyone! In cryptocurrency exchanges I do not like it that most of the coins are dominated and manipulated by wealthy investors, which makes the market non-transparent and makes many new investors. do not want to participate in this market.What do you not like about crypto exchanges? What do you think exchanges could do better? Curious as to what you guys think! Title: Re: What would you change about crypto Exchanges? Post by: BrewMaster on June 12, 2018, 04:02:19 PM either heavily regulated (so that they are more trusted) centralized exchanges.
or easily used with a lot more user friendly options decentralized exchanges so we eliminate the middle man and the trust issues all at once. so far we have half of each of these! centralized exchanges that are somewhat regulated but not trusted yet and decentralized exchanges which are not easy to use and don't have the same options. Title: Re: What would you change about crypto Exchanges? Post by: liuqi on June 12, 2018, 04:21:58 PM Hi everyone! In cryptocurrency exchanges I do not like it that most of the coins are dominated and manipulated by wealthy investors, which makes the market non-transparent and makes many new investors. do not want to participate in this market.What do you not like about crypto exchanges? What do you think exchanges could do better? Curious as to what you guys think! Title: Re: What would you change about crypto Exchanges? Post by: harizen on June 12, 2018, 04:30:14 PM Hi everyone! What do you not like about crypto exchanges? What do you think exchanges could do better? Curious as to what you guys think! Too much terms about verification process is the one that really annoys me. I understand that they are complying with the government terms but sometimes it's way too much e.g you submit documents but still failed although the output is clear and easy to view. And another one of course, like anyone's concern, the way they handle their support. From better at first to worst and worst and worst. For now, that's my concern. In cryptocurrency exchanges I do not like it that most of the coins are dominated and manipulated by wealthy investors, which makes the market non-transparent and makes many new investors. do not want to participate in this market. Well that's a common thing so no choice but to deal with that. Title: Re: What would you change about crypto Exchanges? Post by: LeGaulois on June 12, 2018, 04:43:02 PM Hi everyone! What do you not like about crypto exchanges? What do you think exchanges could do better? Curious as to what you guys think! - Ugly UI I have no problem with ugly websites as sometimes I like the old-fashioned websites like in 1990 but the "night mode" sometimes used as the main template really hurts the eyes - Not so secure It's maybe the most important thing when it's about an exchange if it can't protect its users while would they want to use the service. - Low support reply Support needs to be a priority too, you deal with the money of people and they can be frustrated when it's about money. They don't contact the support to get the weather for tomorrow. - Not a lot of coins listed for example Site 1 to trade coin A, site 2 to trade coin B site 3 to trade coin C and so. People prefer to use only 1 exchange having all their favorites coin listed - Apply KYC Why asking for KYC documents if the user is not dealing with a bank transfer (in or out) Title: Re: What would you change about crypto Exchanges? Post by: darkangel11 on June 12, 2018, 07:54:00 PM A lot of them are full of crap. Really messy interfaces, graphs everywhere and no reasonable set up. Needs to be simple with info that everyone can see really cleanly. Potentially with an option to expand to a higher user interface if wanted. If you like it simple and easy with no messy graphs, use coinbase. It's probably the most newbie friendly (and at the same time unfriendly to pro traders) exchange out there. I think most of the points were already made. Exchangest lack proper security, that's their greatest flaw. I'd also like them to have less KYC requirements. Title: Re: What would you change about crypto Exchanges? Post by: al_a17 on June 12, 2018, 08:06:31 PM Some of the architects were going to launch an exchange, they have all the tech ready to run with pre-built charting pulling data from all other exchanges at 1second intervals, Coinbase, GDAX, with 10x leverage futures, but then they found out how much effort you need to put in and how little return you get dealing with retail traders, even with a $5k minimum deposit so just decided why bother, on chart trading using the tech, very nice.
https://ibb.co/cuzmFJ Title: Re: What would you change about crypto Exchanges? Post by: recklessMe on June 20, 2018, 09:30:53 AM Do you mean exchanges in general or some particular? If talking about all exchanges in general, I would exclude trading fees. As for a particular platform - I use cex (https://cex.io/) and woul love they expand the list of alts. Or at least add ltc and neo.
Title: Re: What would you change about crypto Exchanges? Post by: cydrix on June 20, 2018, 09:43:28 AM Hi everyone! I think it's the reputation about crypto's are more important on the matter exchanges improve by time but people's way if thinking won't if they won't receive the truth about crypto's that could benefit us either way. Exchanges have many different functions and ways to befriend the users by having an easy explaination on their site. The reputation as we know on crypto's is bad though not too bad but it takes after the unrelated scams to sway the customers away.What do you not like about crypto exchanges? What do you think exchanges could do better? Curious as to what you guys think! Title: Re: What would you change about crypto Exchanges? Post by: Malaya on June 20, 2018, 10:10:35 AM What I do not like about some exchange is the manipulation of prices and trading activities in it. But of course, exchanges are important when it comes to cryptocurrencies, some really need to improve the processing time and the transaction fees must be lesser.
Title: Re: What would you change about crypto Exchanges? Post by: gentlemand on June 20, 2018, 10:24:10 AM My main bugbear is account freezing. Places like Bitstamp will shut you down for crossing some line they haven't told you about even when you're fully verified.
Either you're verified or you're not. If you're going to spring more on me then you can piss right off. Title: Re: What would you change about crypto Exchanges? Post by: Quidat on June 20, 2018, 10:34:43 AM Hi everyone! What do you not like about crypto exchanges? What do you think exchanges could do better? Curious as to what you guys think! Exchanges has had a tight competition regarding the fee, speed of transaction, easy to use tool, and other technical means. But, one thing than the best exchange must possess is excellent customer service. This is one of the main concern i dont like with several exchanges, their customer service. Slow response and takes too much time to reply to your ticket. Title: Re: What would you change about crypto Exchanges? Post by: brascopck on June 20, 2018, 11:14:05 AM Hi everyone! Bot, because that bot is really fucked up the price by always beat our sell/buy order by only 1 satoshi different which is really sucks to see. I hope bot never happen in exchange, so only real people that can trading, not bot. Second is the fee, I hope they can reduce more the fee.What do you not like about crypto exchanges? What do you think exchanges could do better? Curious as to what you guys think! Title: Re: What would you change about crypto Exchanges? Post by: pickledmuffin on June 20, 2018, 11:22:22 AM Hi everyone! What do you not like about crypto exchanges? What do you think exchanges could do better? Curious as to what you guys think! I think more focus on customer service. Put more of those trading fees back into people who can answer support tickets quicker. It's really frustrating when your money is held for days without any response. Title: Re: What would you change about crypto Exchanges? Post by: Lucius on June 20, 2018, 01:00:32 PM - Ugly UI I have no problem with ugly websites as sometimes I like the old-fashioned websites like in 1990 but the "night mode" sometimes used as the main template really hurts the eyes - Not so secure It's maybe the most important thing when it's about an exchange if it can't protect its users while would they want to use the service. - Low support reply Support needs to be a priority too, you deal with the money of people and they can be frustrated when it's about money. They don't contact the support to get the weather for tomorrow. - Not a lot of coins listed for example Site 1 to trade coin A, site 2 to trade coin B site 3 to trade coin C and so. People prefer to use only 1 exchange having all their favorites coin listed - Apply KYC Why asking for KYC documents if the user is not dealing with a bank transfer (in or out) I can agree with your thoughts, first impression is sometimes very important, perhaps the most important thing to user even register to exchange. Security is maybe most important factor regarding exchange, when you send coins on exchange in fact you have no more full control over them. Because of that all users coins should have insurance in the event that hack it happens. I know there are some companies in Japan who have offered such services, but I do not know if any exchange use insurance. Support is weak point of most exchanges, given the amount of money they earn it is funny that you need wait for days to get answer on support ticket. Solution is simple, employ more people and give your users proof that they are appreciated and respected. Title: Re: What would you change about crypto Exchanges? Post by: DonFacundo on June 20, 2018, 02:28:35 PM Some of crypto exchanges that which I do not like that needs KYC in order to withdraw, setting high price bitcoin transaction fee mostly 0.001, but still slow when it comes processing, and slow support mostly it takes 2 weeks or more that they reply like cryptopia exchange.
Title: Re: What would you change about crypto Exchanges? Post by: lavishlifing on June 20, 2018, 02:33:10 PM This is a great topic, I guess you're planning to establish a new exchange? my ultimate concern about exchanges is their slow support system, hopefully they will make a telegram group/discord/etc. for a quick response regarding concerns, no to email support. I hate that
Title: Re: What would you change about crypto Exchanges? Post by: bering on June 20, 2018, 02:37:33 PM the common issue regarding almost every the current exchange such as low respond or high fees that this is necessary to change to makes us more comfortable use the exchange but the most important is every exchange should have high securities of level to ensure the costumers funds are safe
Title: Re: What would you change about crypto Exchanges? Post by: VitKoyn on June 20, 2018, 03:26:45 PM Hi everyone! Most cryptocurrency exchanges have poor customer service and some even don't answer any inquiries and complaints, so what I want to change on exchanges is they should improve their support by hiring more employees that can provide good customer service experience to all of their users. Another thing is the security, we all know that exchanges are prone from hacking and we've seen a lot of exchanges got hacked and lost millions of dollars and the one that suffers are the customers, not getting any refund which is not their fault, so enhancing their system security is a must. And lastly, all exchanges should be regulated by government because this is the only way that people will have confidence that those platforms are safe.What do you not like about crypto exchanges? What do you think exchanges could do better? Curious as to what you guys think! Title: Re: What would you change about crypto Exchanges? Post by: LTU_btc on June 20, 2018, 05:22:55 PM Obviously - support. Mostly exchanges have extremely slow support staff. Sometimes it's impossie to get support ticket answered. It's very common problem not only in exchanges, but in all crypto seevices in general.
As said above - bad UI. Some exchanges are laggy, it's impossible to use it on smartphones, not many exchanges have their own apps. We still can't trust in exchanges to keep big amounts of money there. They can be hacked, closed by government and etc. And I'm feeling uncomfortable to do KYC on unlincensed exchanges. We don't know what they will do with our personal information. We don't even know who is behind mostly exchanges, they are just registered as offshore company in one of tax heaven countries. Title: Re: What would you change about crypto Exchanges? Post by: vishudda on June 20, 2018, 05:35:41 PM The established exchanges are good in terms of technology and the withdrawal rules, it should not easily allow selling less number of coins, which makes other investors sell their coins because of the low volume tradings of each person. there should be a community which should show the guidelines of a perfect Exchange which will allow the new exchanges to follow the guidelines to become more popular. I have seen some exchanges who just follow the bounty programs in order to make the user/trader active, but instead of creating bounty programs they should try expanding the investor base initially and then they should start the listing part. otherwise, even though the project is good, the coin price will never increase. The major pain part is support, exchanges should have a good support team considering the user issues as major problems, end of the day a trader gives the business than the coin listing. The exchanges should think innovatively to withstand the heavy competition with the established players.
Title: Re: What would you change about crypto Exchanges? Post by: Prodigye on June 20, 2018, 05:53:00 PM Exchanges fake volume and that's disgusting, investors are fooled by them.
Title: Re: What would you change about crypto Exchanges? Post by: mersal on June 20, 2018, 06:53:40 PM Hi everyone! The most irritating thing for me is their high transaction fee still even the meme pool is empty right now so they have to add customizable transaction fee which maybe a good inclusion in my opinion and also they need to have more support because nowadays it takes too much time to get response for support ticket.What do you not like about crypto exchanges? What do you think exchanges could do better? Curious as to what you guys think! Title: Re: What would you change about crypto Exchanges? Post by: Wolfwar on June 20, 2018, 07:02:13 PM Hi everyone! The most irritating thing for me is their high transaction fee still even the meme pool is empty right now so they have to add customizable transaction fee which maybe a good inclusion in my opinion and also they need to have more support because nowadays it takes too much time to get response for support ticket.What do you not like about crypto exchanges? What do you think exchanges could do better? Curious as to what you guys think! Title: Re: What would you change about crypto Exchanges? Post by: Harlot on June 20, 2018, 07:07:36 PM - Apply KYC KYC is required by the government even if they don't have bank transfers. KYCs are not only for the purpose of bank transactions, we need KYCs legally as it is also the government's way of protecting their country as well as citizens. You don't want to have a currency exchange run in your country to be used as a laundering business for others. It is like there way of identifying the users are real or not. By not requiring KYC potentially millions will be lost due to tax evasion. Plus account verification are also acting like a KYC from what I know of, providing some valid ids as well as selfies are enough identification that you are a real person. Why asking for KYC documents if the user is not dealing with a bank transfer (in or out) Title: Re: What would you change about crypto Exchanges? Post by: Pearls Before Swine on June 20, 2018, 07:14:15 PM Better customer service (looking at you, yobit).
Transparency about where they're located and who their owners are. Those are the two major things I'd like to see. Some of these exchanges are so shady that it's hard to even believe they exist in the first place. Obviously they're not being regulated like stock exchanges are. I don't know if regulation would be desirable, but at least you wouldn't have to worry about exchanges pulling a Gox or cryptsy. You never see that happen with stock exchanges. Title: Re: What would you change about crypto Exchanges? Post by: ShineftChaos on June 20, 2018, 07:35:43 PM Hi everyone! What do you not like about crypto exchanges? What do you think exchanges could do better? Curious as to what you guys think! The best cryptocurrency exchanger will be determine on how long it was being used by different people, in this way you will know if the exchanger is trust worthy enough to hold your coins and not just a scam like every ico does sometimes. Title: Re: What would you change about crypto Exchanges? Post by: yugyug on June 20, 2018, 08:30:42 PM Transparency and security and good support of the exchanges is what most traders and investors are concerned about. KYC and transaction fee is not a big deal as long as they have good customer support which is fast and convenient.
Title: Re: What would you change about crypto Exchanges? Post by: Cactushrt on June 20, 2018, 08:48:11 PM What i don't like is some exchange will freeze or disabled your account without reason and the most painful they will not allow you to withdraw your funds.
Title: Re: What would you change about crypto Exchanges? Post by: Reid on June 20, 2018, 08:52:33 PM Their KYC's is just too much.
Photos, and even videos and they also want photo of you with a note of something while holding the ID. That is way too much that I hate to do it sometimes but just have to so that I can exchange whatever token that I have back to bitcoin. Even when you change your phone and want the 2fa code from google authentication to be transferred to another phone need a picture with a note of 2FA change. Crap. Title: Re: What would you change about crypto Exchanges? Post by: Lucius on June 21, 2018, 10:00:11 AM Their KYC's is just too much. Photos, and even videos and they also want photo of you with a note of something while holding the ID. That is way too much that I hate to do it sometimes but just have to so that I can exchange whatever token that I have back to bitcoin. Even when you change your phone and want the 2fa code from google authentication to be transferred to another phone need a picture with a note of 2FA change. Crap. I agree it is too much for you as customer, but exchanges need to carry out all that their authorities have determined, it is too much work for them also, but they need to adapt or loose licenses. The idea of anonymous currency simply can not exist in the global world, governments want to know as much data as possible and BTC is not fit in that plans. When we consider terrorism, drug trafficking, arms trafficking, smuggling of people and many other bad things people do these days, flow of money needs to be regulated. Of course there will always be those who will use false data and some better anonymous cryptocurrency to hide their tracks. Title: Re: What would you change about crypto Exchanges? Post by: Shenzou on June 21, 2018, 10:08:58 AM Hi everyone! Probably the most thing that i want to change about exchange and exchange platforms in general is security, exchange can sometimes either way to secure to the point that it gets frustrating and hard to create an account because you need a ton of verification documents, or either they don't ask for any which sometimes can seem a bit fishy and the exchange platform turns to be a scam, also some of the many trustworthy platforms out there are really complicated to use so a new user can be easily overwhelmed with it and he thinks that exchange it really hard.What do you not like about crypto exchanges? What do you think exchanges could do better? Curious as to what you guys think! Title: Re: What would you change about crypto Exchanges? Post by: kiloiko on June 23, 2018, 06:13:16 AM Hi everyone! Crypto exchanges are better and well on their positions and I do not have any problem with exchanges but we should be aware about the sites, is it authentic or not. There is not problem in the crypto exchanges and we should focus on our trading and the market. It is in our benefit if we buy coins now for short term so we must have to get Altcoin on to place on exchange.What do you not like about crypto exchanges? What do you think exchanges could do better? Curious as to what you guys think! Title: Re: What would you change about crypto Exchanges? Post by: wayaneka on August 29, 2018, 03:20:20 AM I hope all exchange increasing their level security so they will not under attack by hacker again, and all exchanges should be add feature of trigger order that important to use it for stop loss, trailling stop and buy stop so crypto exchange will have complete feature just like Meta Trader platform. All exchange should be follow Binance that keep continue to expand in others country while promote advantages of crypto and blockchain technology.
Title: Re: What would you change about crypto Exchanges? Post by: napi on August 29, 2018, 09:01:11 AM in the cryptocurrency exchange I think it's very good and nothing has to be changed because we know if the exchange place has similarities it will give warnings like design theft so I think it is natural if the exchange place has a difference.
Title: Re: What would you change about crypto Exchanges? Post by: rickadone on August 30, 2018, 11:00:05 AM I hope all exchange increasing their level security so they will not under attack by hacker again, and all exchanges should be add feature of trigger order that important to use it for stop loss, trailling stop and buy stop so crypto exchange will have complete feature just like Meta Trader platform. All exchange should be follow Binance that keep continue to expand in others country while promote advantages of crypto and blockchain technology. Asides from general DDOS attack or some inside action that could jeopardize the exchange security at large, I want to believe security should be in every user's hands. The use of additional security features like email login, 2 factor authentication and so on, is good enough to give hackers a hard time getting into your account.I would only love to see less fees on exchanges like bittrex and I thought by now, the likes of binance and Kucoin could have made them reconsider but they don't seem like it. That effective stop loss will also go a very long way if it gets to function pretty well on most exchanges. Title: Re: What would you change about crypto Exchanges? Post by: Ewinsane on August 31, 2018, 10:03:35 AM in the cryptocurrency exchange I think it's very good and nothing has to be changed because we know if the exchange place has similarities it will give warnings like design theft so I think it is natural if the exchange place has a difference. Anything that does not require change is change itself. Securities though for most exchanges have been heavily beefed up for a while now depending on each user's knowledge on security as well though.As I would not expect someone who is using qwerty1234 without even any single added security features like 2FA will not end up getting their accounts hacked. It will be a good thing though to always be able to utilize a stop loss function for most of the market. It works sometimes and it does not at times. Title: Re: What would you change about crypto Exchanges? Post by: Bennix on August 31, 2018, 11:46:24 AM I want crypto exhachange to stop listing coins/tokens that have no significant use case instead of charging high listing fees.
Once this is done,it will help fight fraud in crypto industry,and the same time add economic value to the crypto industry. I want crypto exchange to stop margin trading whereby one can short and long btc with high leverage reason is whales have resorted to using this type of exchange to manipulate the price of btc. In terms of security,crypto exchange should be using multi signature security measures on each exchange of which if it is done hackers will find it hard to break all the security measures put in place. I want crypto exchange to stop every form of bot trading. We have heard hackers normally collect Api keys of people trading using bot of which they use those leaked api keys from bot traders to perform illegal act.The bot traders normally give their api keys to their pro trader of which once the keys get hacked,it might be used for one thing or the other. Crypto exchanges should have one agency that checkmate and regulate its operation world wide. Title: Re: What would you change about crypto Exchanges? Post by: Iykecollins on August 31, 2018, 12:23:18 PM One of the things that I would like to see in an exchange is to have a take profit and stop loss order at the same time, meaning where it could be possible to place order for a stop loss and when market is dropping and same time place a sell order at a comfortable price on same trade , this would help a lot
Title: Re: What would you change about crypto Exchanges? Post by: robertsu on September 02, 2018, 02:17:19 AM In the exchange offices have one unpleasant reception. Their rate can to have a vary depending on the amount of cryptocurrency do you want to buy. Suppose, the price for 1 ETH, will not be proportional to the price for 0.5 ETH.
Title: Re: What would you change about crypto Exchanges? Post by: romarry on September 02, 2018, 02:36:42 AM As far as I have experienced, what I don't like about crypto exchanges is that trading costs are still relatively high, and then unethical response times from exchange support teams on issues such as account suspension, 2FA issues.
Therefore, in my opinion, a better exchange is an exchange that provides cheap trading costs, and can also give a quick response from the exchange support team to any issues. Title: Re: What would you change about crypto Exchanges? Post by: Chachacoin17 on September 02, 2018, 03:22:36 AM In the exchange offices have one unpleasant reception. Their rate can to have a vary depending on the amount of cryptocurrency do you want to buy. Suppose, the price for 1 ETH, will not be proportional to the price for 0.5 ETH. All I just hope with the exchanges will have optimal trading fees and fast network exchange processing. Hopefully there will be much more secured storage and access authentication based confirmations upon log in. All I just want is the fair and honest trading with different exchange sites, so we'll be able to have more traders to find confident trading and develop more trust in cryptocurrency. Title: Re: What would you change about crypto Exchanges? Post by: metribitcoin on September 17, 2018, 02:21:38 AM Between all crypto exchange, i have seen only Binance that has very low spread but others exchanges have higher because they have lower trading volume. When that others exchanges has bigger spread is better to offer lower trading fee so trader get more liquidity. And i have seen so many exchange does not have stop limit order feature , and this is make trading activity will be more risk.
Title: Re: What would you change about crypto Exchanges? Post by: wayancrypto on October 21, 2018, 08:06:05 AM I found many exchange has big spread between bid and ask price, so to increase the trading volume they should be have promotion program to attrack new trader so the trading volume will be increasing. Not enough with only referral program but exchanges should be have much better promotion program, like make promotion by use google ads and others media,and also make offline promotion program by make education about crypto trading and blockchain technology.
Title: Re: What would you change about crypto Exchanges? Post by: pinoyden on October 21, 2018, 08:49:28 AM In the exchange offices have one unpleasant reception. Their rate can to have a vary depending on the amount of cryptocurrency do you want to buy. Suppose, the price for 1 ETH, will not be proportional to the price for 0.5 ETH. All I just hope with the exchanges will have optimal trading fees and fast network exchange processing. Hopefully there will be much more secured storage and access authentication based confirmations upon log in. All I just want is the fair and honest trading with different exchange sites, so we'll be able to have more traders to find confident trading and develop more trust in cryptocurrency. Your suggestions above are already implemented on some good online exchanges out there but lets accept the fact that there were still few exchange who doesnt have these features . the sad part is that we often find our coins listed on a bad exchange rather than the good ones because listing a coin isnt actually easy but it requires alot of many strict requirements . Overall , lets just hope for the best . i know that bad exchange can always change and turn into a good one if all users will unite above giving a feedback on their services . Title: Re: What would you change about crypto Exchanges? Post by: panganib999 on October 21, 2018, 01:01:54 PM In the exchange offices have one unpleasant reception. Their rate can to have a vary depending on the amount of cryptocurrency do you want to buy. Suppose, the price for 1 ETH, will not be proportional to the price for 0.5 ETH. All I just hope with the exchanges will have optimal trading fees and fast network exchange processing. Hopefully there will be much more secured storage and access authentication based confirmations upon log in. All I just want is the fair and honest trading with different exchange sites, so we'll be able to have more traders to find confident trading and develop more trust in cryptocurrency. Title: Re: What would you change about crypto Exchanges? Post by: Zadicar on October 21, 2018, 01:18:03 PM In the exchange offices have one unpleasant reception. Their rate can to have a vary depending on the amount of cryptocurrency do you want to buy. Suppose, the price for 1 ETH, will not be proportional to the price for 0.5 ETH. All I just hope with the exchanges will have optimal trading fees and fast network exchange processing. Hopefully there will be much more secured storage and access authentication based confirmations upon log in. All I just want is the fair and honest trading with different exchange sites, so we'll be able to have more traders to find confident trading and develop more trust in cryptocurrency. go for long term yet they would really be on demand. Title: Re: What would you change about crypto Exchanges? Post by: avarnet on October 21, 2018, 01:59:16 PM What I do not like about some exchange is the manipulation of prices and trading activities in it. But of course, exchanges are important when it comes to cryptocurrencies, some really need to improve the processing time and the transaction fees must be lesser. It is true that with large exchange and transaction costs, investors are less interested in investing in crypto currencies, in my opinion, with the conditions and situations like today, we must be clever in utilizing every opportunity we get in making a profit.Title: Re: What would you change about crypto Exchanges? Post by: Huskarls on October 21, 2018, 03:37:43 PM Hi everyone! What do you not like about crypto exchanges? What do you think exchanges could do better? Curious as to what you guys think! the change I want is, when we use the exchange wallet, the Private Key of our wallet in the exchange is only us who knows. because until now we know that when we create a new address, the private key is owned by the exchange and we don't know the private key at all this way, hopefully this later can make exchange security better Title: Re: What would you change about crypto Exchanges? Post by: Arthurian60 on December 05, 2018, 07:57:41 PM Its not advisable to leave your precious coins on an exchanges for a longtime. There are times we want to buy certain coins and hold for long time but holding them in an exchange is not the wise option here. Take them out.
Title: Re: What would you change about crypto Exchanges? Post by: sidkz on March 31, 2019, 12:30:24 PM I would have left 10 exchanges at all, the rest would be closed, most exchanges do not have any volume at all, and they trade in unknown tokens, let them be fewer, and those who work stably will remain and show a good result.
Title: Re: What would you change about crypto Exchanges? Post by: bitbunnny on March 31, 2019, 12:41:41 PM To my opinion two biggest concerns that I have related to exchanges are security and customer support. I think these are to weakneses of all exchanges that are not paying enough attention. The way they run their business, fees and trading volume are more or less the same for all biggest exchanges but they still don't valu enough their clients, so us traders and don't give them the level of service that would be complete.
Title: Re: What would you change about crypto Exchanges? Post by: Oilacris on March 31, 2019, 01:02:41 PM I would have left 10 exchanges at all, the rest would be closed, most exchanges do not have any volume at all, and they trade in unknown tokens, let them be fewer, and those who work stably will remain and show a good result. Why bumping a thread which its 3 months old being inactive.?On topic,i do much prefer on that way on having 10 or lesser number of exchangers do exist for tho volume of coins wont really be separated nor divided.We would able to see exchangers have more volume yet most coins aren't scattered or being traded by hundreds of exchangers do exist as of this moment. Title: Re: What would you change about crypto Exchanges? Post by: rose9696 on March 31, 2019, 02:05:31 PM Hi everyone! I really don't like the time and transaction fees of BTC. I quite like BTC and hold a lot of money in BTC. But each time dealing with people, it is very time consuming and the fee is quite high. I hope BTC can upgrade the trading system so everything goes smoothly.What do you not like about crypto exchanges? What do you think exchanges could do better? Curious as to what you guys think! Title: Re: What would you change about crypto Exchanges? Post by: Annalise24 on March 31, 2019, 02:58:06 PM Exchanges should do something about the high transaction fees .
Some of the exchange support staff are not experienced in customer relationship services ,so exchanges should hire support staff that are qualified to represent them well. The delay in withdrawal should also be looked into. Title: Re: What would you change about crypto Exchanges? Post by: Sithara007 on March 31, 2019, 04:03:59 PM Hi everyone! What do you not like about crypto exchanges? What do you think exchanges could do better? Curious as to what you guys think! First of all, they need to stop asking for the KYC from all the users. If I am a small time crypto user trying to sell my $10 worth of altcoin, then I have to go through this irritating KYC process. Do you think that is fair? KYC should be made mandatory only for the high volume traders. And secondly, they need to lower the withdrawal fee. Most of the exchanges are charging a fee of BTC0.001 to withdraw the coins, which I think is very unfair to the small traders. Title: Re: What would you change about crypto Exchanges? Post by: KlepZ on March 31, 2019, 04:33:45 PM Crypto exchanges may have different options and functions. Some of them are made for traders, while others are made for prompt crypto fiat exchange. Crypto exchanges that are designed for regular traders allow you to buy crypto and sell them with lower commission fees than on crypto to fiat exchanges. Also, trading platforms charge fees for withdrawing money from the account.
Title: Re: What would you change about crypto Exchanges? Post by: co5hike on March 31, 2019, 06:45:32 PM Hi everyone! What do you not like about crypto exchanges? What do you think exchanges could do better? Curious as to what you guys think! I would remove all the people behind the projects.They have powerful words that can affect prices. Title: Re: What would you change about crypto Exchanges? Post by: semobo on March 31, 2019, 08:14:21 PM Their withdrawal fees are looks more expensive when compared to the transaction fee and some exchange even habe high transaction fee as well which really make traders to be hated about it,so just choosing the fee based on how much we are transacting will be better.
Title: Re: What would you change about crypto Exchanges? Post by: jigzaheedcoin on March 31, 2019, 09:07:51 PM Hi everyone! I really don't like the time and transaction fees of BTC. I quite like BTC and hold a lot of money in BTC. But each time dealing with people, it is very time consuming and the fee is quite high. I hope BTC can upgrade the trading system so everything goes smoothly.What do you not like about crypto exchanges? What do you think exchanges could do better? Curious as to what you guys think! There's should be a limitations of sell activity in order to avoid sudden price dumps, because that the common reason why we experience fluctuating market. Some illegal money transactions was used by illegal activities such money trafficking, and worst drug money turned to digital currency. This money was sent to other parts of the word using crypto based transactions which the government cannot intercept. So proper regulation in every exchanges must be changed according to security measures to avoid those circumstances to occur. Title: Re: What would you change about crypto Exchanges? Post by: maxreish on April 19, 2019, 02:08:51 PM I think majority here doesn't want to execute tradings with high fees. And also, i always consideing the platforms of an exchangr aside from the fees. Some exchanges doesn't contain charts and some supported it and that is always important when trading. And I stayed loyal to an exchange if it was a trusted and provided a stop loss features.
Title: Re: What would you change about crypto Exchanges? Post by: bonker on April 19, 2019, 05:15:33 PM I think majority here doesn't want to execute tradings with high fees. And also, i always consideing the platforms of an exchangr aside from the fees. Some exchanges doesn't contain charts and some supported it and that is always important when trading. And I stayed loyal to an exchange if it was a trusted and provided a stop loss features. Regular traders don't want to pay their profits as trading fees because they are going to trade on exchanges too often.Good support team also another thing expected from an exchange to be as good among the traders.We are still at the beginning of crypto age in future there will be lot more development will happen on each part of trading platforms until that keep trading happily.Title: Re: What would you change about crypto Exchanges? Post by: guoyu78 on April 21, 2019, 05:18:38 PM I think majority here doesn't want to execute tradings with high fees. And also, i always consideing the platforms of an exchangr aside from the fees. Some exchanges doesn't contain charts and some supported it and that is always important when trading. And I stayed loyal to an exchange if it was a trusted and provided a stop loss features. My loyalty has always been with Binance and it will remain with Binance till crypto disappears, that is if it will ever disappear. Most of the features I ever desire in an exchange, such has great interface, friendly website, high trade volume, good security system, and the best of it all, low transaction and trade fees.These features above are the main reasons that is still making Binance one of the best exchanges we ever have in the market today and until another exchange is able to beat these features, I don’t think that I am ready to look into or consult another exchange’s services. Title: Re: What would you change about crypto Exchanges? Post by: Lanatsa on April 21, 2019, 06:54:35 PM I think majority here doesn't want to execute tradings with high fees. And also, i always consideing the platforms of an exchangr aside from the fees. Some exchanges doesn't contain charts and some supported it and that is always important when trading. And I stayed loyal to an exchange if it was a trusted and provided a stop loss features. My loyalty has always been with Binance and it will remain with Binance till crypto disappears, that is if it will ever disappear. Most of the features I ever desire in an exchange, such has great interface, friendly website, high trade volume, good security system, and the best of it all, low transaction and trade fees.These features above are the main reasons that is still making Binance one of the best exchanges we ever have in the market today and until another exchange is able to beat these features, I don’t think that I am ready to look into or consult another exchange’s services. They wont able to be removed on the competition if no other exchange would par out their current performance.For other features same as yours I cant ask anymore yet Binance do provide it all but the thing i do worry is that this exchange would go into the same path where Bittrex and POloniex do go. Title: Re: What would you change about crypto Exchanges? Post by: deisik on April 21, 2019, 08:04:38 PM either heavily regulated (so that they are more trusted) centralized exchanges. or easily used with a lot more user friendly options decentralized exchanges so we eliminate the middle man and the trust issues all at once. so far we have half of each of these! centralized exchanges that are somewhat regulated but not trusted yet and decentralized exchanges which are not easy to use and don't have the same options It is not just about the lack of convenience and ease of use The decentralized exchanges that I have heard of (for example, the ones based on the BitShares token) are not as decentralized as they pretend to be. A truly decentralized exchange should be implemented on the blockchain level and in the personal wallet so that you don't have to use centralized services to execute trades (this is possible with technologies like Lightning Network). Still we are far from that and things are unlikely to change in the future as such exchanges won't bring profits to their creators and developers (as otherwise they won't be decentralized) Title: Re: What would you change about crypto Exchanges? Post by: rizkyhiw on April 21, 2019, 08:36:43 PM What I do not like about some exchange is the manipulation of prices and trading activities in it. But of course, exchanges are important when it comes to cryptocurrencies, some really need to improve the processing time and the transaction fees must be lesser. But that has happened and may take a long time to anticipate market manipulation because this is a free market and decentralization, the government will find it difficult to uncover all of this, sometimes large and small trade is no different only large trade can affect prices but still in trade , hopefully in the future we can find something that is good for all of us, the cost is also a problem for me where various exchanges are very different from the rates they provide for shipping costs and there are greater in taking advantage of where I don't like a little what I send is only half available.Title: Re: What would you change about crypto Exchanges? Post by: SlimShadyMmp on April 21, 2019, 10:50:51 PM There are many exchanges around if you dont like one change to another and am sure Forkdeltha and etherdelta is known to many as the go-to for traders in the token market Generally ones one is good it has many users therefore more trade if its lobbying another one is there to take its job
Title: Re: What would you change about crypto Exchanges? Post by: BlackPanda on April 22, 2019, 02:17:44 AM What I do not like about some exchange is the manipulation of prices and trading activities in it. But of course, exchanges are important when it comes to cryptocurrencies, some really need to improve the processing time and the transaction fees must be lesser. But that has happened and may take a long time to anticipate market manipulation because this is a free market and decentralization, the government will find it difficult to uncover all of this, sometimes large and small trade is no different only large trade can affect prices but still in trade , hopefully in the future we can find something that is good for all of us, the cost is also a problem for me where various exchanges are very different from the rates they provide for shipping costs and there are greater in taking advantage of where I don't like a little what I send is only half available.While manipulation will always be there and even according to data that has a cash flow in exchanges it is not entirely honest. Lots of inaccurate data and it is usually used as public opinion. Title: Re: What would you change about crypto Exchanges? Post by: Polar91 on April 22, 2019, 05:23:57 AM I think majority here doesn't want to execute tradings with high fees. And also, i always consideing the platforms of an exchangr aside from the fees. Some exchanges doesn't contain charts and some supported it and that is always important when trading. And I stayed loyal to an exchange if it was a trusted and provided a stop loss features. I haven't seen any of exchange that doesn't have its own chart so traders will be able to ascertain where could the market go. However if there are some and you have no choice but to use it, then you may just look to the orders or you can also view some charts to another exchange as most likely different exchange's altcoins prirce doesn't vary much.Title: Re: What would you change about crypto Exchanges? Post by: upsidedown75 on April 23, 2019, 06:14:24 PM Each exchange has its own character, if you see transaction costs, you can say the price range is not too far away. it's just that an exchange that can provide a good reputation must have transaction fees that are usually much higher. But remember security is a major issue that you should be able to prioritize. The good reputation they have should be the more reasons why their translation fees should be low. Some of the exchanges can actually charge low, it is just greed that is their number 1 friend. One of the thing many people look for in an exchange is reputation, and once an exchange has one, then definitely, such exchange will have quite large number of people trooping in, which make their volume higher, and the higher the volume, the higher their profit.While manipulation will always be there and even according to data that has a cash flow in exchanges it is not entirely honest. Lots of inaccurate data and it is usually used as public opinion. Some of these exchanges just fail to bring down fee because they are already used to that fee being collected by them. So, what is very much important to me is Security and transactions fee which I feel BNB is already giving me. Title: Re: What would you change about crypto Exchanges? Post by: akram143 on April 23, 2019, 07:50:31 PM Hi everyone! we need to do one thing about finding the scam we need to be make easily for everyone if it was been possible then take changes are very easily trustable and there is no doubt about what we are doing and the fear also was less while doing this every timeWhat do you not like about crypto exchanges? What do you think exchanges could do better? Curious as to what you guys think! Title: Re: What would you change about crypto Exchanges? Post by: marycrazy08 on April 23, 2019, 10:24:29 PM Hi everyone! What do you not like about crypto exchanges? What do you think exchanges could do better? Curious as to what you guys think! Security and no fees hahaha Title: Re: What would you change about crypto Exchanges? Post by: ecnalubma on April 23, 2019, 10:29:48 PM I have no problem with decentralised ones, but on some centralised there are a lot problems need to addressed. Some centralised exchanges are not government compliance, executing fake volumes, poor technical support and most them turn into exit scams.
Title: Re: What would you change about crypto Exchanges? Post by: bonker on April 24, 2019, 03:31:19 AM I have no problem with decentralised ones, but on some centralised there are a lot problems need to addressed. Some centralised exchanges are not government compliance, executing fake volumes, poor technical support and most them turn into exit scams. Exchanges with fake volumes can be identified easily so all you have to do is just go and see trade orders if there is something wrong then it is fake.For now Binance looks good and having real trading volume so no problem if you trade on it.Title: Re: What would you change about crypto Exchanges? Post by: shesheboy on April 24, 2019, 09:31:25 AM Hi everyone! What do you not like about crypto exchanges? What do you think exchanges could do better? Curious as to what you guys think! Security and no fees hahaha Security ? I think all good exchange do also come with good security but its not enough because no matter how good the security they have , there is also a chance that a hacker can bypass it and steal all the funds that the exchange have . and when it comes to fees , i dont think that there will be exchange that will have no fees because they will loose since we all know that everything in crypto needs a fee to be able to process a transaction . the fee wont go to the owner of the exchange but it will go the miner . Title: Re: What would you change about crypto Exchanges? Post by: coinplus on April 24, 2019, 05:37:13 PM Their horrible design. I know there are many more important stuff out there but I feel like the most eye catching thing is the design, there are many exchanges at the top spots that have horrible designs and I can't believe these multi-million dollar earning companies can't hire a designer that can make these websites look much better.
I have seen smaller companies even unfunded ICO's that have better designs than Binance and Bitmex have for example, they hired people that probably got paid couple thousand dollars at most and they made better designs than the companies who can spend over a million dollars on design. I don't know why and I know it doesn't really worth consideration for them since they are all bad but I feel like even a small exchange with great design could challenge them just because of the great design. Title: Re: What would you change about crypto Exchanges? Post by: JNvak on April 26, 2019, 07:44:12 AM I kinda despise when platforms promise their users a lot of freedom and then they offer a regular offer just like everyone else.
The only exception that I know about is CoinDeal, since it gives its users a chance to vote for the next crypto to adapt (https://coindeal.com/vote). Title: Re: What would you change about crypto Exchanges? Post by: iam_aayushiJ on April 26, 2019, 07:57:17 AM Hi everyone! What do you not like about crypto exchanges? What do you think exchanges could do better? Curious as to what you guys think! Too much terms about verification process is the one that really annoys me. I understand that they are complying with the government terms but sometimes it's way too much e.g you submit documents but still failed although the output is clear and easy to view. And another one of course, like anyone's concern, the way they handle their support. From better at first to worst and worst and worst. For now, that's my concern. In cryptocurrency exchanges I do not like it that most of the coins are dominated and manipulated by wealthy investors, which makes the market non-transparent and makes many new investors. do not want to participate in this market. Well that's a common thing so no choice but to deal with that. There are many points over which you seem to be concerned - 1.KYC issue 2.Support Please check out the exchange mentioned below where I work, You can trade 400+ coins without KYC or Login/without creating an account, you can compare the prices offered by leading exchanges and trade, we are a non custodial exchange wherein we do not store anyone's funds, you send from your wallet and receive back into your wallet. I am not shilling about my exchange where I work, I know that the honesty and transparency by which we deliver support and service to our customers. Let me know if you have any queries. Check out https://coinswitch.co exchange https://i.imgur.com/WQv8jxS.png Title: Re: What would you change about crypto Exchanges? Post by: playboy654 on April 26, 2019, 01:15:35 PM Hi everyone! I expect the changes are again need to be very easy to giving the trust about the exchanging times because still low people are little confused about how to exchange properly so it need to be more easy interface and it will helpful for them to give the extra trust about the exchange.What do you not like about crypto exchanges? What do you think exchanges could do better? Curious as to what you guys think! Title: Re: What would you change about crypto Exchanges? Post by: Bragod on September 14, 2019, 07:09:47 AM Hi everyone! What do you not like about crypto exchanges? What do you think exchanges could do better? Curious as to what you guys think! I have been using bitstamp recently - https://revain.org/exchanges/bitstamp. Therefore, I can say that I dont like high fees for deposits on credit cards. A similar trend is observed on all exchanges. The industry has long needed to lower these fees. Otherwise, it will push ordinary people away from using exchanges and cryptocurrencies in general. Title: Re: What would you change about crypto Exchanges? Post by: bitcoinst on September 14, 2019, 01:52:01 PM First of all, these are inexplicable closures of margin trading positions on such exchanges as Binance, Huobi, Okex and Cucoin. Moreover, this happens with a noticeable periodicity and is not explained in any way by the support of exchanges. I find this behavior predatory.
The second is of course the speed of execution of orders. Sometimes you place an order on the market, and it is not executed because the market flew below or above my order in milliseconds. Title: Re: What would you change about crypto Exchanges? Post by: jostorres on September 16, 2019, 01:55:23 PM Hi everyone! What do you not like about crypto exchanges? What do you think exchanges could do better? Curious as to what you guys think! I have been using bitstamp recently - https://revain.org/exchanges/bitstamp. Therefore, I can say that I dont like high fees for deposits on credit cards. A similar trend is observed on all exchanges. The industry has long needed to lower these fees. Otherwise, it will push ordinary people away from using exchanges and cryptocurrencies in general. You cannot generalize that all exchanges have low fee on credit card transaction and trading fee because not all of them does, there are so many big exchanges like binance that has very low fee when it comes to charges on both credit card transaction and their trading fee, down to withdrawal fee, so the fact you have not used any of them would not interpreted that all of them have low fee, try those exchanges out and see if they are still same with what you are using. Title: Re: What would you change about crypto Exchanges? Post by: Distinctin on September 16, 2019, 02:23:54 PM The second is of course the speed of execution of orders. Sometimes you place an order on the market, and it is not executed because the market flew below or above my order in milliseconds. We know the price is volatile, dependent on the market flows, either we like it or not that's all it meant to be. This is how crypto trading works nothing has it change, only we ask is to have a sustainable market design that will give us( trader) favor. With all these things, it helps to encourage more traders and stay in patience. Title: Re: What would you change about crypto Exchanges? Post by: Julien_Olynpic on September 17, 2019, 02:47:08 AM I would increase the limits for trading without verification. Anyone who has the ability to trade without verification feels free. Personally, I don’t like to send my personal data to the exchange and be afraid that this data will leak into the network.
Title: Re: What would you change about crypto Exchanges? Post by: RealMalatesta on September 18, 2019, 12:27:22 PM I would increase the limits for trading without verification. Anyone who has the ability to trade without verification feels free. Personally, I don’t like to send my personal data to the exchange and be afraid that this data will leak into the network. I don’t buy into that idea off increasing limit without verification when you are not new in the cryptocurrency industry, you know too well how scammers has hijacked the system and how we are trying to revive the market now, is not the right time that you feel we should abstain from kyc?If regulation is to come in and we want the authority to help chase the scammers away, there is no way that we will not need kyc because that is the only way they can run check on a transaction that looks suspicious to them, although exchange are not even making use of the kyc the way they should use it, because if they were using it, they ought to have already get out some scammers though any suspicious transaction that they must have noticed several time. Title: Re: What would you change about crypto Exchanges? Post by: xSkylarx on September 18, 2019, 01:00:03 PM What I would change is their kyc process. Some exchanges requires kyc before you can use their platform even if you will trade only a small amount. Also on their identity verification process I will add more accepted documents to make it more easier to complete the kyc verification.
Title: Re: What would you change about crypto Exchanges? Post by: Google+ on September 18, 2019, 11:42:54 PM I think for a place of exchange there is nothing more important than a security system than a place of exchange, traders only want their assets to be safe so that it must be an important task for all places of exchange.
Title: Re: What would you change about crypto Exchanges? Post by: Questat on September 19, 2019, 08:41:31 AM I think for a place of exchange there is nothing more important than a security system than a place of exchange, traders only want their assets to be safe so that it must be an important task for all places of exchange. Security is the most important but we users does not know how secure the site really is, only the team behind the exchanges knows, of course they will guarantee that they have the safest exchange but even big exchanges like Binance is not hack proof so we cannot be confident on that. I think in order to protect the users o the exchange, they need to set some insurance for the accounts if it will be hack so users accounts will not be affected, just like what SAFU funds of binance did, but if exchange is not as big as Binance, then maybe they can find an insurer to insure their site. Title: Re: What would you change about crypto Exchanges? Post by: bitcoinst on September 27, 2019, 03:19:18 PM The second is of course the speed of execution of orders. Sometimes you place an order on the market, and it is not executed because the market flew below or above my order in milliseconds. We know the price is volatile, dependent on the market flows, either we like it or not that's all it meant to be. This is how crypto trading works nothing has it change, only we ask is to have a sustainable market design that will give us( trader) favor. With all these things, it helps to encourage more traders and stay in patience. You must have misunderstood me. For example, I didn’t put a stop loss on the exchange, and I see how the price of bitcoin falls, I place a limit order to sell at the current price, but for miles seconds the order is placed, the price falls even lower, and I have to cancel my order again and place sale at an even lower price. Imagine what losses a similar error in the functional is. Title: Re: What would you change about crypto Exchanges? Post by: Mila52 on September 27, 2019, 06:07:26 PM 1.I'm annoyed the trading by bot, especially on a new exchanges where there is an artificial increase in volumes.
2. I don’t like to go through the KYC. I trust them to verify my personal data, and they reject my documents for several days, motivating the refusal with poor quality photos. 3. I don’t like the minimum withdrawal limit any cryptocurrency and don’t like the mandatory threshold limit of price in the order. I think that In the future if we want the cryptocurrency to firmly enter our lives as electronic money the user has the right to withdraw and sell any number of coins. Title: Re: What would you change about crypto Exchanges? Post by: Oilacris on September 27, 2019, 06:55:12 PM I think for a place of exchange there is nothing more important than a security system than a place of exchange, traders only want their assets to be safe so that it must be an important task for all places of exchange. Security is the most important but we users does not know how secure the site really is, only the team behind the exchanges knows, of course they will guarantee that they have the safest exchange but even big exchanges like Binance is not hack proof so we cannot be confident on that. I think in order to protect the users o the exchange, they need to set some insurance for the accounts if it will be hack so users accounts will not be affected, just like what SAFU funds of binance did, but if exchange is not as big as Binance, then maybe they can find an insurer to insure their site. Even the best ones have been exploited out which mean all exchangers do really have the risk. The thing here is that its hard to consider on having an insurer or some will built up this thing yet they do know on how big is the damage would be dealt if there are a certain hack happened.No business nor legal firms will tend to jump in to this matter. |
