Bitcoin Forum

These are the top 3 exchanges by trading pairs

https://steemit.com/cryptocurrency/@roark101/top-3-exchanges-by-trading-pairs

Are the number of trading pairs available something that you look at when signing up to an exchange?

The main thing I personally look for before signing in on an exchange is the trading volume and this is becoming an issue now because of the increase in number of exchanges with fake volume, Bitforest and Exrates are two exchanges in the space that I can confirm their volumes are absolutely fake and another thing is the security of my funds

Somehow, trading pairs matters. Imagine that there's 3 pairs in a particular exchange--BTC, ETH and USDT. In that exchange, BTC pairing has a big trading volume compares to the other. If that's the case, if you're a trader--a short term trader, then trading in pairs that has big volume is the best choice.

Number of trading pairs will not matter as long as the exchange have good trading volumes and liquidity along with the safety of funds as there were lot of hacking cases we have seen in the last 10 month on several exchanges like bithumb, Coinrail & Bancor etc. Most of the Exchange have bots on the exchange which fakes orders to show off the liquidity but when you execute the order the price changes suddenly and which gives horrible experience as a trader. Following Exchanges are great in terms of volumes as well as safety of funds,
1) Binance
2) Bitrex
3) Huobi

it can be one of the many factors that you consider when choosing an exchange for trading purposes. although so few people choose good trading strategies that requires having access to wide range of cryptocurrencies. most people tend to buy some top altcoins and bag hold them to death even though they lose nearly all their investment.

but if your trading strategy is the expert kind and you go where the profit is then having access to as many altcoins as possible in one place is favorable because you want to be able to go to where the pumps are happening and it is best if the coin that is being pumped is in the same place so you don't have to transfer funds between exchanges to make profit from that pump and come back.

It doesn't necessarily matter to me the number of trading pairs on an exchange it is more of a convenience than a dealbreaker. If I can trade the coin I want that is important I can always switch to another pair elsewhere.

Okay, trading pairs are important, but they cannot replace the trading volume data, while the latter can be faked, as the article states. Surely, people who are interested in many altcoins, hate it when they have to maintain activity on bultiple exchanges, because some coins are available on one and others on the other. But as for the top-3 three exchange list you got in result, it shows that trading pairs is not all that matters. I really enjoy Hitbtc, for instance, but Bankor is kind of a minor exchange with volumes that are not enough for serious traders.

Personally i do not give much weightage to number of pairs in an exchange but i think exchanges do create max pairs now to attract more and more users and volume and by doing this they have been successful to some extent as well.

No I don't look at the pairs the exchange is offering, at first I look at the volume and fees he is taking to trade on it. My favorite exchange is KuCoin as it has competition prizes give away and recently it had some great news for holders of that particular coin, exchanges I had invested in is LocalCoiSwap as it will give shares, based on your holdings!

In my opinion, the number of shopping pairs does not matter much when registering on the stock exchange, although as a rule you also pay attention to this. Basically you need to look at the volume of trades and the safety of their funds.

when choosing an exchange you always first check the legitimacy of the exchange. for example Yobit has a lot of pairs listed. possibly the most among all exchanges even. but it is a shady exchange so you try to never use it.
but sometimes you need these pairs, even on shady exchanges so that you can participate in certain pumps that are too obvious and have a lot of profit.

Personally, it is one of the things I look into when signing up and I think I am not the only one. Aside from trading volume, it is also important that you have more trading options. That also helps me save fees from converting crypto A to Crypto B just to get crypto C.

It depends on your requirement , if your coin that you want to buy is on exchange and it have good volume then you can go with that exchange.

Liquidity and volume are important to consider.

No, for me personally i just try to sign up in the exchange site that can be trusted. So many shit exchange site has been offering a lot of trading pairs and just like mercatox. It doesn't matter about how much trading pair that available on the exchange site basically we are looking for an exchange with a huge daily trade volume and that will be so easy to liquidate our money.

Of course it is important to have more pairs to trade, but I think it is not a key factor for choosing exchange. The main is security, trading volumes, user-friendly interface and so on.

Amount of popular trading pairs is what really matters. I saw a lot of new exchanges, which offer a lot of pairs, but none of them is demanded.

Popularity of exchange is the thing. Moreover, some of exchanges offer its users to vote for new trading pairs to appear and I am sure that it is great feature.

Demand for pairs is what you should pay attention too. In the same time, expierienced traders need a lot of pairs to stay in comfortable conditions during trading.

Yes, i think it does matter because it offers traders more options to trade, then there will be more liquidity, more traders to join the exchange because they have many trading pairs. Many exchanges only using BTC trading pair but many traders don't like to trade with BTC. It's important to add USDT, ETH to trading pairs.

look at exchange volume for starters and security.
other than that it doesnt really matter on the pairs

In my opinion it is quite important, because of the thousands of users certainly have a trading pairs who is relied on to exchange, there are those who are loyal to the btc partner, eth, bts, neo, doge, etc. quite interesting and become their own advantage for exchange if they have a complete trading pairs in the exchange of cryptocurrencies.

Number of trading pairs aren't a strong preference for you to rely on when making decision on finding an exchange.It would be much
more worth a choice on an exchange do have fewer but listing out the most potential ones in the market rather than seeing an exchange
that do have hundreds but most of them are shitcoins. Popularity+reliability+security+volume is the factors I'm finding for.

I think that is very important, if only the number of pairs in trading is too much it will affect the balance volume. In fact people only choose partners who have more volume than other customers. If indeed the couple is important, just use the popular coins

I have seen a lot of exchanges today with a lot of shit coins listed on their site, and they basically think that is what would give their exchange an edge. It is not about the number of trading pairs that will really make an exchange worth trading on; it is basically the number of demanded coins that matters just like you have said. No one today want to be trading shit coins with no product and then end up bag holding them forever, at least, I want to be trading coins that I know have potentials and either I decide to trade or hold, the market is pretty much there hugely for it.

What makes an exchange popular in the first place is the fact that they take their time to observe what they are listing and not just every shit coin that is available in the space.

Sorry to make some reference, but I was seeing one exchange's ANN thread (Gravio) just busy listing everything possible from shitcoin to any coin at all, but what is important to gain the trust of the traders who will be using the trading platform is to see the quality of what is being listed. It remains the same thing, when it comes to comparing quality with quantity, quality will always have a better chance and that is the same thing that applies to trading pairs.

Most of decentralized exchanges offer huge ammount of trading pairs, but there is nobody to trade them. You may wait up to two days to find a matching offer.

For me, the trading pairs matter alongside other very important indices like volume of trades (even though this can be faked and there are exchanges notorious for it) and safety of my funds. I usually would not want to be switching from one coin to another just because there's no trading pair of such coin on that exchange. There are times I want to trade USDT pairs for specific reasons.

before i sign up an exchange i must pay attention to trading pairs, at least there are BTC, ETH, USD/USDT. Just to make it easier for me when calculating the amount of profit

I think it does but also the security plays a lot of importance here. For example there are exchanges with 200+ coins listed but people do not use them too much, why? Because they do not look like they are trustworthy at all and people are afraid to trust them, not because they will steal your money (they may) but mostly because someone could hack into an exchange that doesn't look too secured.

Hence there is a sweet spot between being trustworthy and number of coins, binance is the optimum number of coins you can list whilst being secure for example. Coinbase has a lot of customers and offers very few number of coins. It all comes down to how much hack attempts you can fend off and if you are big enough and still going strong without any hacking, people will start to use you more.

I think now it makes no sense to sell something ...

if only the number of pairs in trading is too much it will affect the balance volume. The fact is people only choose partners who have more volume than other customers. If indeed the couple is important, just use a popular coin.

On the couple also worth paying attention to. At the same time, the experienced traders need a lot of steam in order to stay in a comfortable environment at the time of trade.

Trading pairs matter. All great exchanges have quite a list of trading pairs. This gives flexibility to users of the exchange.

Most decentralized exchanges offer a huge number of currency pairs, but not with whom to trade them. You can wait up to two days to find a suitable offer.

Popularity item exchange. Moreover, some exchanges offer their users to vote for the emergence of new trading pairs, and I'm sure it's a great opportunity.

In my own opinion ! It doesn't matter if the number of trading pairs in an exchange is less, the important matter to be noted is the trading volume of the exchange. If the volume is too much then it is a good exchange with a lot of investors who trade or play their cryptocurrencies in that exchange. It is also important to consider the ranking of the coin/s we are going to trade so that we can assure that it is not a dead project and had a good marketcap.

Volume is the most important thing, not the number of trading pairs. The problem is many exchanges are creating fake volumes to create demand for their scammy tokens. For that reason, I don't trust most of the exchanges.

Number of popular trading pairs - that's what really matters. I saw a lot of new exchanges that offer a lot of couples, but none of them are not in demand.

I think that the number of shopping pairs does not speak about the quality of the exchange. For example, Yobit has a lot of trading pairs, and the exchange has a lot of negative reviews, often its interface behaves inadequately. HitBTC - this exchange infuriates me, because the coins there can not be completely sold, since there must be an integer number of multiple 10 or 100. So, it is better to have a fast interface and ease of trading than a huge number of trading pairs.