Bitcoin Forum

As an investor, what should I look for in selecting the most ideal exchange platform?

It depends on some factors.

• Are you planning on buying certain cryptocurrencies using bitcoin only? or Fiat?
• What country are you in? Some exchanges are not available in certain countries.
• Which coins/tokens are you planning on investing/trading? Some exchanges supports certain coins/tokens and some don't.

Choosing an exchange platform on your own depends on the satisfactory level and experience of trading there.

The most ideal platform that's being used by every trader is Binance. This has been the most preferred by crypto folks out there, there's also kucoin. Check your local maybe you have your very own exchange in your country for easier transactions.

theres a lot depends on your trading style or personal preference, for me i like binance, kucoin, hotbit since im just a spot trader, check on CMC the biggest volume of coin and depending also on your location.

i think the most ideal trading platform is binance.
its one of the best strong exchange and technically well build and security is also high.
and kucoin,bitforex these two are also good trading platform

One good criteria is the effectiveness of the trade.  Also how many traders are on the platform and how is the history of trading on the exchange platform

I do trading and binance for me is ideal because they have a potential coin that continues to grow in the market, the fee is small, the sales volume is very good, a good level of security and can guarantee users to trade comfortably

It would be better and a good idea if you try bination. Please visit the site: https://www.binance.com/
Determine your plan as you wish. Hopefully useful and successful for you as a new trader ..

- Trading volume
- Exchange reputation
- Withdrawal and trading fees
- Choose the secure exchange to avoid the risk of getting hacked.
- Use coinmarketcap.com to find out which exchange platform meet your needs.

I am working with many exchange, because i have to, in my wallet there are more than 300 coins i got. I did bounty hunt from last 2 years and i had to work with many of them. For me the best exchange is Bittrex and the Bitforex. After these 2 i would say LA Token, which is quite new but very effective. Also i am happy with Coinbene, GateCoin and Kucoin. I would never recommend with work HitBTC, they have stupid rules and i got $150 stuck in there.. The coin trades should be 10s / 100s / 1000s in HitBTC and you can't use the remain coins. So don't go with them please..

the most ideal exchange platform ?
of course if you see to coinmarketcap, there are enough lists from the best exchange, some need verification KYC and some are not, small withdrawal fees and also there are some exchange that rumors says its all are BOTS

First, you set your goals. Are you expecting to make Day trade or long-term investments? Will use charting tools to make long and short, a more fundamentalist analyze?

If your idea is to buy in the long term using fundamentalist instruments and avoid being identified, the idea is to use a decentralized platform. It offers more security, privacy and low rates. But if you want to do day trade, do not worry about sending your documents, and you accept others to take care of the security of your assets. You can use a centralized platform.

In both cases, you should search for the volume traded on the exchange. This is very important since, unlike stock exchanges, trading occurs only on the platform. So, on a platform without volume you will always pay a higher value than the market. Another point to note is the quantity and qualities of the assets that are traded. You should note that all the projects you want to invest are available on the platform. And pay attention to the negotiated pairs. The more pairs traded using USD, the better.

It is also important to research the company. Where it is located, who owns it and the legal security offered by the host country. If there is a problem, it is important that you can appeal to justice. Look for evidence of cold wallets. This helps with security. Searching for complaints is critical. On reddit and here in the forum there will always be someone complaining about some service provided. Escape from those that continue with recurring problems.

For trading using leveraged, I would recommend www.bitmex.com/register/4Yl00L . If you want an exchange centralized for altcoin, I would recommend Binance.

And if you're looking for a bigger guarantee and more options, without having to send documents, I'd recommend ethermium.com

Hello lisabrandon.
Are you investing for HODL or you are just going to buy and sell it in a rush?
If you are just going to buy then look for the legitimate one but with a cheaper price.
If you look deeply, they have different price right now and you will be saving a lot by looking for the lowest.

Also you must look at country restriction. If you are buying there might be some walls in using bank accounts.  ;)

A lot of exchangers are live now, so to select a best one is not easy! Every crypto exchanges are not suitable for everyone. Like I couldn't make a profit by trading in Kucoin exchanges but some of my friends always trade in Kucoin! Binance has the highest trading volume but a lot of people like to ignore Binance exchanger. So, You need to find out which exchanger is easy for you.

Some things you need to look, Like, Their support team how much active, wallet security enough or not, Their public reviews are good or not! That's it!

You'll only earn a little by trading in one exchange furthermore, it is not worth risking for small profits. So there are more than 10k digital currencies in crypto sky and it's impossible to find them in just one exchange. So you should be interested for the best coin, not for the best exchange. Finding good coin is not easy unlike exchange.

The question is rather controversial. One thing can't satisfy everybody 'cause all people are unique and have their preferences, goals, visions, strategies, etc. Before selecting the exchange, I look at its security measures and verify wether it supports buying crypto for USD or other fiat money. CEX has this option: https://cex.io/btc-usd. I think you could follow mjglqw's advice in case you're looking for similar things.

There are few things that you will check out for any durable exchange platform. These things include the security system of the platform, the transaction fees. Is it low  or high compare to other platforms, How fast can the platform complete transaction(scalability) . You need to assess their support system and how they resolve issues. The above points are the major issues that you need to research on before deciding on a new exchange to use.

That would depend on your purpose dude, If you are going to buy an altcoins that are potentials much good to choose an exchange that has a lot of traders who used that platform just like Houbi, okex, and binance those are pretty much good pal.

When choosing an exchange platform, you better do your own research with users review like smoothness or how friendly users it is, trading fees, withdrawal fees, hacking records and how they manage it or how fast they will pay those hack victims, how 2FA works (email, text message or google authenticator) and their reputation with the community. Also, ask your self first on which type of trader you are. Is it day trader, swing trader or long time holder? Try to discover your learning style and build your own or combine strategy in trading.

You said "as an investor" so I guess you are someone planning to buy and hold for a long term, is that correct?
If my assumption is correct then maybe all you need to know is where the coins or tokens you plan is listed. If it's listed on multiple exchanges, then consider exchange fees and volume.

You should start with Binance, as it doesn't require KYC if you want to withdraw up to 2 BTC per day, more than that you need to pass KYC. Moreover, it is one of the best & biggest exchange with in terms of high volume & high security. If your coin/token you gonna trade isn't listed on Binance then you have to look at their website or on CMC for the exchange that has listed the token you are holding and can trade only there or try forkdelta Dex exchange for ERC20 compatible token to trade.

binance and bittrex better for me

Your priority is to find an exchange that:

-Already established a good name in crypto exchange industry
-Not known for always having a bad issue

After listing some exchanges that fit the above criteria:

-Check their cash-in (deposit) and see if it will passed your preferences
-Check all the fees associated in every transaction
-Check the limits (KYC terms)

For exchange recommendations, you can compile all exchanges that will mentioned here but the final verdict will be based on your analyzation and actual usage of that exchange. I don't really recommend an exchanges because we have different preferences so this is your assignment now.

Investor so you could be just a buyer and not a trader?

Binance might be the best answer for that.
Since they USDT and almost every coin that have a large amount of trades within a day.
If you are looking for ERC20 tokens then some of them are also listed in the said trading exchange.

Trust issues? Never experienced one problem yet, although I have read some with complaints. They could be just planted to destroy them.

The most important things are:

Security and transparency.

Security: if Exchange is secure against hacker attacks.

Transparency: Who owns the exchange, this is the most important thing you should worry about, do not use exchange that has things like this:

Registrant Name: WhoisGuard Protected
Registrant Organization: WhoisGuard, Inc.
Registrant Street: P.O. Box 0823-03411
Registrant City: Panama
Registrant State/Province: Panama
Registrant Postal Code:
Registrant Country: PA

Find out if the exchange owner has a good reputation, this is also very important.

Its important to look how security and everything will be follow.  In exchange it's important the good of their platform and easy to use,and also the transparency so to be fair to who will use it

Choose the exchange which would suit out your needs like if its compatible or easy for you to make fiat transactions to purchase up crypto.
You should look up on the current ranking or reputation on such exchange before tending out to make account and make any purchase.
There are lots of options which it do only depends on which you do prefer on.

well if you're a trader i suggest to choose those exchange that will suit on your plans such exhange that so easy to use and has small amount of fee and the most important very secured and trustworthy. "  such binance which is friendly use in my opinion than other exchange out there.  

I haven't seen the most ideal exchange and I don't think it will exist.  The greatest concern I have about any exchange is security,  if the exchange is secure and transparent,  I will trade on any exchange with these value and measure!

I like to use the Huobi exchange more because the appeal of this exchange is huge and the community of this project works very well during this period. In exchanges like Binance, Okex, the use of BOTs makes the data inaccurate and I hate the falsehood. If you invest in Huobi you will feel more secure and have the best view of the altcoin that you are holding

Depends on your strategy and style as trader of course choose exchange with have strong security and have reputation in the trading industry.

I recommend this new platform nexybit hybrid, the newst and realable trusted trading exchange platform easy and convenient to use with security feature.

As an investor the crypto exchange site you should use must be an exchange still allow.
1) Buying of cryptocurrency with fiat/credit card
2) fast withdrawal into wallet or bank account
3) It must be an 2FA enable exchange
4) It must an exchange with active and friendly customer support service.

Let me tell you about many exchanges are available in the crypto market and almost all the exchanges have the same work but the differences are on the basis of several things which make these exchanges different from one another. Binance is the one which is highly rated and best recommended due to the large volume as well as its simple use makes it easy for users to do their works quickly and easily.

I choose security first since the safety of your wallet from hackers and vulnerabilities should be paramount, what I look for in security is if there is a google 2fa. Apart from the security , you can look for customer service in case there is a problem with deposit and withdrawal, how the team will respond to you and finally the trading platform itself, whether it has all technical tools for you to make informed decision.

There is no big deal as to what exchange platform you choose as long as there is a big volume of trades in it. Exchange platforms varies in their environment but share the same principles with regards to their trades. I would suggest you choose platforms with high volumes on their coins and not just popularity alone.

Agree with that. Just addition into these is that, you may check also feedbacks from the current users cause it could be some basis that certain exchanges is playing well or there is huge problem inside. Security also is very important. Just don't fool for phishing sites cause it definitely bring you down and nothing left in your wallet.

When I  started doing crypto trading I chooced exchange that does not provide feature of stop loss,  and this is bring me to loss much money because I only possible to monitor the chart in 7 hours a day but crypto always move 24/7 without close.  So in my opinion first important  thing is crypto exchange that we use should be have feature of stop loss.

Most people will see about fees, send - received process/ wd ( rules transactions ) and support team exchanges. Actually there's no ideal because every exchanges have different method and policy about manage their system. But the most important is market condition, isn't good to enter right or I should wait?. Think again and good luck to you.

For an idea exchange platforms the following should be look on:
1.Security. The first thing I do look on in any exchanges that I want to transfer fund in is how secure it is.  Many investors has lost their investments capitals through unsecured exchange . If you are an investors then security should be your first concern.
2. Volume: You need to know and compared the volume because it creates liquidity.  I do buy some coins and at the end cannot sell them because of low volume.  I prefer binance and hitbtc because of volume.
3. Fees.  The fees should also be one of the things you should look on to before investing.  Many exchange especially the old one still retain they trading fees and this do affects the cost of trading.
4.Rate at coins marketcap.  I also look at the rate of exchange platforms on coins marketcap. This enabled me to be able to know the performance of those exchange over time.
Investments, is very risky and you should not go into it without adequate knowledge on how trading work and how to trade profitabily.

I think most of people look beside fees is volume trading, because with low volume trading, it can make people not want to trade in there because lack of volume means slow moving of altcoin price.

There are so many trading platform coming upnow. The real issue is looking for good exchange platform that you can use safely. Two are very common now. They are Binance and Bittrex. These platforms has high level of security for investors and good ten behind it.

I used many exchanges until I started trading on binance. This is definitely my exchange and I am satisfied.

I think the most important think to look for exchange is security level to avoid issue of hack , and second one is high volume to get high liquidity. Dont use exchange that has issue with withdrawal and has been hack.

 Trading exchange platform Binance and Bittrex.This exchange has been maintaining superior quality in the cryptocurrency world. Binance exchange is one of the popular cryptocurrency exchange. Binance handles are a large amount of trade daily the exchange has numerous amount of altcoins, so users can trade all types of coins, not only bitcoin only and also Binance really feels like a well-developed trading platform.

This can be a good point of view before you trade on any exchange, because not all cryptoexchange is good to use for. Top exchanges can be a good place for newbies since its already proven by investors, but if you want to look for more then that is the time for you to make more effort. You must first look for the system of the trading exchange and if they are operating legally, and next read some reviews about that exchange because mostly all the disappointed user will always have their thoughts out in many social sites.

You have a point there, you can identify legit and good services exchanges if you keep research in here or you can visit at this thread,  Exchanges (https://bitcointalk.org/index.php?board=223.0). There's a ton of complaining people there regarding an exchanges site problems or different issues that they encounter on exchange services that you can possible you can avoid in earlier.

Good exchange sites are: Having good customer support (42/7), high volume for possible high profit earn and the last is fewer fees if possible.

Binance cut our corporate account's withdrawal limits without any warning and the support has been unresponsive for more than 24 hours. Haven't been really satisfied with them lately.

For trader the exchange is not much important thing,because they might not move their funds too often but they need to pick a legit exchange if they are going to convert their fiat into BTC or viceversa.I will say LBC will be better to start with when someone begins since it is more trusted and available in all the countries.

LocalBitcoin exchange is limited and doesn't have much coins to trade for or something incomplete to do in trading. That is only for converting fiat from Bitcoin. Why you did not choose those exchange reputable one, I know there an exchange that most likely traders want, I'm not a trader but I know which are exchanges good to trade for. To avoid problems near in the future, pick exchange as a reputed one.

Traders have lot of opportunity to get much more income in this field they are very blessed and very most getting profitable persons so it will be long lasting for the future because the future of cryptocurrency are Brighter Than before that's why I am saying this and the platforms of cryptocurrency field will increasing lots much.

In my experience, a good exchange platform must have the following factors :
1. The support team is enthusiastic when customers have problems.
2. Low trading fee
3. There are many trading pairs
4. Exchange rate between buying and selling is not too much difference
5. Supported by many real people and traders (not bots)
6. Confirm fast deposit and fast withdrawals
7. Low withdrawal fee is very important.

If you are really interested in trading, consider so many factors, Your country, currency. are you trading with Fiat or crypto.   You must go tru the terms and conditions of the exchange. but the best option is to check if you have any exchange platform in your country. since you are new, look for any medium startup like Bitmart, digitex futures, bitrue ,etc. to avoid getting burnt easily on the top exchanges.