Bitcoin Forum

I am an alt coin trader.for some days i have been suffering from only loss.i am having a huge loss by trading in  Mercatox and Bibox.now i have balance only 0.010 btc Please suggest me in which exchange i can trade on to recover my loss..please give me suggestion..

Your losses have more to do with the unpredictable price and your trading methods and less to do with the trading platform used so unless you're looking for a specific feature that you might think will help you... I don't think changing the platform will do much to you.

I think not a new trading platform is that you need as what OmegaStarScream said. When your reason is losses for using different trading platform, then the trading platform you used has no problem.
You need to improve the way you trade, like fundamentals on trading, risk management, technical analysis etc.

But if you find you are not comfortable on the trading platform you use, like it's not a friendly user or having very low trading volume, then that's the time I think you need to try some new trading platform.
If you ever asking for some trading platform, my suggestion is Binance (https://www.binance.com/en), since they have a quite huge trading volume and some lessons about crypto/trading here Binance Academy (https://www.binance.vision/).

OP, only trade in an exchange that has real, actual volume. Nearly 95% of all cryptocurrency exchanges have fake volume, and they play against their users, in both the bid side, and the ask side.

Newbies read, https://www.sec.gov/comments/sr-nysearca-2019-01/srnysearca201901-5164833-183434.pdf

I think the exchange platform you are using is not the reason behind your losses. Trading is like that, we cannot predict 100% according to what we expect. Maybe knowledge in trading is only helpful in determining OP / TP, after that it does not know what happened to market movements.

Make this your experience, I am sure you are wrong in buying coins. You buy when the price is high, actually trading must be patient and wait for the lowest point to do OP, do not become a victim of FOMO.
Maybe the exchange I suggested was only Binance and KuCoin, because in my opinion this exchange provides comfort in trading for users and so far I have no problem.

I don't think that changing platform will help you to recover your loss.If you buy legit coin with making proper research then you can recover. But  if you want to change platform you can use bittrex,binance,kucoin. Hitbtc also good but I don't like hitbtc much :)
Hope you will recover your loss soon :)

If you did bad on Mercatox and Bibox, then chances are you're going to do as bad when using other platforms like Binance; well, unless you realized what mistakes you did, but changing platforms isn't going to improve you at all. Might as well use the same platforms you're already using.

when bitcoin is unstable you should not trade anything. this is very bad because the altcoin is influenced by the price of bitcoin.
at least you do backup or cut loss to maintain greater losses.

Thank you so much sir take my love

The only reason why you lose is because you are trying to be a daily trader. Just invest in some promising altcoin and hold it for long term and you will get profit. It has nothing to do with the trading platform you used

Where you are trading doesn't matter as much as you what you are trading. Exchange is just a middleman that allows you to trade with others on bitcoin or any other coin you want and there are a lot of same coins in similar exchanges. Just to give an example the btc/eth pair exists in almost all big exchanges and the prices are always close to each other as well, which means you can pick any exchange you want but in the end if you are not a good trader you are not going to make any money at all.

I would suggest getting that money out and investing it into something else, I know its too little for stake or any masternode but maybe put it on freebitcoin for yearly 4% interest, aside from that I can't think of any other riskless method and any risk you take may be dangerous for you.

Yes I don't really think that switching platform would make any difference ,
The thing that you need to do is train yourself and learn from your mistakes and  try to win back again.
Don't just go into trading just because you saw some people who earns from it ,
It takes some time to study and learn some trading skills so you should also invest your time in it.
Try to use some trading simulator first before you loss all of your remaining crypto.

Profit is not dependent on the platform(exchange) you use. It is completely dependent on the strategy that is begin used. Change your strategy if you are facing loses.

With small capital, you really should not trade. You should work for ICO projects or airdrop more to earn a lot of money. During that time, please read more and learn more. When you have a lot of money, about 2k $ - 4k $, you can start to return to the transaction.
I used to be a newbie and had a desire to trade like you. But it took me more than 5 months to trade and profit was only 15% in $ 600.
That's bad, so I recommend saving now and learning more instead of trying to trade to get a small amount. ;)

The future is our dark. The alt-coins market is much darker than that. Nobody here can stress that there will be profit in the market or loss. 0.010 BTC not huge amounts, but a lot to you. Risk management like trading mainstream, technical analysis etc needs to improve your mind than you can easily invest. And you will be gainer.

But Your losses are not from your current exchange...your coins are what caused you the losses. So I don't think changing an exchange will help you recover. You probably should strengthen your trading skills and be patient with your trading results .

Is bitcoin ever stable?
There are different strategies for different periods in the network, when there is a surge or a plunge, but waiting for stability in this network, I doubt you'll see any.
What OP needs to understand is that day trading is not quite as easy as long term trading, it involves methods and techniques that need to be learnt.
Probably that's what OP is lacking

Both of the exchanges you have mentioned is really new and doesn't have much trading volume so its better to try binance like platforms that has earned good reputation for last few years.

Also the losses you have in your trade looks like from your bad trading decision that due to exchanges so you need to first learn when to buy or sell before you can make any profit out of trading. Coinex and gate have margin trading option, you can try it if you don't have huge bankroll to start with but it will also multiply your risk of losses.

It's not because of exchange that's why you lose, it's your mistake. I assume something goes wrong in your strategy or you got struck by hype.

You must determine the "core" of the problem. Yes, the root why it turned out like that. Do you think that is because of the exchange? Low volume, pump, and dump, etc. it's all common when you do altcoin trades. How long you are trading now? Still not learn from your previous losses?

Time to make some serious preparations now. Plan carefully on your next move with your budget of BTC0.01. Head on Binance.

Always choose an exchange that has a high volume and a lot of trader's user. I think Binance is suitable for you where to trade.
That is not a mistake of which exchange you had chosen, that is your mistake in choosing and probably the wrong move of trading. Those mistakes if you no let happen again you may get more profit and your losses were back. As you noticed most likely people here saying it's Binance. Then, go for it and good luck.

I recommend you to use an exchange that always belongs on top mate, its an advantage actually to trade on this exchange.
One of this platform I could give is Kucoin or Houbi you can surely gain here from time to time as long as you know how to read and moitor
graph properly.

I think your mistakes are in the way you trade and how you make action analysis, for platform to improve your trading skills, it's better to choose a platform exchanger that has a demo account. mercatox and bibox I think it has a low volume for each coin, try to see a list exchanger in coinmarketcap and select an exchanger site that has a large volume or at least a top 5 exhcangers for the altcoin you want to trade.

There is no exchange that will perform the miracle for you, it is not platform that is trading, you are the one trading your money yourself and not getting some things right, even if you use the best trading platform we have now which is on Binance, that will still not you from losing mate. All you have to do is check your self thoroughly, do you have the right knowledge, skill and strategy to trade?

You may think you have, but right now, you need to pause on your trade first and move a little bit closer to people who are guru’s in trading so that you can see where all the lapses are, otherwise, you will keep losing till your balance become zero. Don’t rush into trading, learn how to trade very well first, the reason why I feel you still need to learn is because you are completely blaming your losses on the exchange.

How much you had lost?

Alteast you should move that coin to binance and start doing trading now which might help you to minimize losses.

Or you can buy BNB and trade against it which is also good for day trading.

Unfortunately this is what people look for first, high volume and lots of users. But security should be the first importance correct? This is why I always felt safe on DEX like Waves, even though they had such low volumes,,, but my funds were always belonging to me on my wallet. I like Binance too,,, but I can never feel safe about my funds there.

If you use un-reputed exchange then you might loss fund due to pump dump and from shitcoin. Because shitcoin dump after listed and if you enter this kind of coin then you would lose.

If your are newbie on trading platform then I would like suggest to use reputed exchange like Binance or Bittrex and simply you could check on CMC by trading volume. Then you have to concentrate on your trading mathode. Look like you don't have enough patience and that's the main reason why you are losing your fund continuously. So trade with patience and choose potential coins instead of shitcoin.

Please be reminded that you lost in trading not because of the trading platform that you are using. All right? It could be caused by your specific trade calls which were wrong, or it could be caused by your emotions getting the best in you, or perhaps you are trading without basing on some fundamentals or TAs.

But if you are really looking for a good trading platform, look for the volume, look for the number of great coins traded, and please do review their reputation especially about support and responses and deposit and withdrawal concerns.

The exchange is usually not the main reason why you are losing/have lost money, the issue is elsewhere and usually lies in the strategy of trading you were using if you had a strategy or plan in the first place. Evaluate your losing trades and see what those losing trades had in common, revise your plan or make one if you don't have one, and use whatever exchange(s) you were using before and try again.

There are also indeed bad exchanges out there, and as others have suggested Binance is a decent exchange you could try out.

Hello there Cryptosjb. You suffered a loss because you couldn't hold the coin and you were very impatient. Always remember in trading crypto you never lose anything unless you sell it. All price increase and decrease in time unless you invested in tokens/coins that were pump and dump then you made the right choice, if you have traded like top altcoins then please do not sell and hold. My suggestion is go to Binance and trade the top volume altcoins there and maybe you can recover your losses. Good luck mate

I will suggest FreshForex, as it’s one of those platforms that you can be truly comfortable and easy with. The thing about this broker is no complicated stuff. So this means I can do anything and everything with relative ease and confidence. I don’t think much else is really needed.

Its regardless of what platform you use, if you are not careful in selecting which coin to buy, you will still suffer a loss. What you need is to learn how to read charts and graphs and read a lot about the status of the coin you bought. Don't also try to recover your loss because your eagerness might result to more losses because you didn't examine or review the coin you plan to buy.

Choose a NO KYC Crypto Exchange also. Many people hate to be bothered with KYC.

This mentality that they have is very common with people to always claim they have lost certain percentage of fund when they see the value of their investment decline, and I wonder if they don’t believe in the survival of the project which is why they already agree they have lost, otherwise,they will continue to see that their investment is still intact, and not matter how long it takes, they will recover it back and still make enough gain for the patience.

Most people that do panic sell when they see some declines caused it, imagine those that bought in the last ATH, if they had all panics sold, would some of them be expecting their investment back now? Moreover, I wonder why some people leave exchanges where they will have enough volume to be able to execute their trade on time to ones that has no volume, like the one op mentioned.

I guess you awlays enter a trade blindly.  Its important that you make adequate research  before entering into a trade it will help you make the right decisions of which you can minimize ur losd

What kind of platform are you interested in? It will be easier to suggest anything if you specify whether you want to start trading on centralized or decentralized exchanges. And which are the coins you want to trade?

It's true that the current situation is not going well and so you can't expect anything from this system immediately, if you want to hold this altcoin then you might take a huge risk because nobody can say when this market will become quiet and calm, it's true that every sector of our real life is facing a huge crisis, so blockchain system is also having like this time, but one suggestion for you that, You may sell all of your altcoins or convert it into Bitcoin, For me, Bitcoin could be a safe investment for the future purpose in comparison to other cryptos, so you may consider of my suggestion.

You can change to any exchange platform, but before you move to the other exchanges, I think you should ask yourself, do you have skills to trade better than in the old exchange you use? If you don't improve your trading skills, no matter if you have big money, you will not be able to make a profit because you will lose more than you can expect. So I think it's better you learn more about trading, and if necessary, you can search for a demo account to learn because you don't have to use real funds to trade. But binance will be a good exchange for you to moves because you will see that in binance, you will have so many options of the altcoin so you can try to recover your loses.

binance ?? Have you tried it? maybe even if you change exchanges it won't be easy to recover your losses, but I think you can from a small scale to recover your losses and try to repair your losses. good luck :)

There's a lot of good trading platforms. I've just used both of binance and poloniex before and they're literally so good to be honest, even in the term of fees, there's also HitBTC and yobit. I can recommend poloniex though, because I used to trade on it for a long time ago and it's really so good, I've heard yobit is good as well, but I didn't use it, so it's up to you to choose, you can even google that on the internet and you'll have more ideas.

I have to say that from the start you have completely wrong attitude. You think that trading platforme is the cause of your losses and not yourself or better to say your trading methods and possible lack of knowledge and experience.
There is no magic trading platform that will recover your loss, that can only be you so try to figure out what were your mistakes and accept that this time maybe you will not be able to recover your loss.

I will say FreshForex, as it’s comfortable to work with broker that is simple and straight forward to work with. Usually, a lot of people prefer going for exchanges, but my preference is certainly with the proper broker which makes me feel secure and comfortable.

There is something other magical that can make people not lose money anymore, which is to stop trading entirely. It looks so easy when you put it down like that, but it's something people just can't do.

People think they are different and better than all those who lost money in the past, but they are just as dumb, maybe even more delusional because you can't possibly consider gambling to be a proper way to make money.

From the exchange you listed probably your style of trading involves chasing after the hype to profit from newly listed tokens or the coins been hyped on the trollbox because that's what mercatox is known for, listed worthless shitcoins and most time clear scam coins, endangering their customers to scam. Not saying legit projects aren't listed on the exchange but majority of the coins there, aren't worth trading per se.

I would advice you first change your exchange before changing your trading strategy. Our environment affect our decision making, when you start trading on platforms like kucoin or binance then your style of trading will change since scamcoin hypes aren't usually a thing on those exchanges.

The loss is definitely caused by a lack of knowledge before trading. You should invest the remaining money for your study and also don't try to trade again. The previous teacher taught me that you should only try trading $ 100 to test your strategies. If you have tried trading, you understand the rigors of the market, now you should learn your knowledge and then one year later, return to revenge the market.

Mercatox has already a name in crypto trading. It has been a popular although not really a top exchange. It has good daily volume though. Bibox sounds new to me. I have not heard of Bibox before. But I don't think it is the fault of Mercator or Bibox if you failed in your trading. Your loss is not due to the exchange. You are the only person who creates a buy or sell order in your trades. You are the only person who has the access to the ask and bid prices in your orders. Why do you seem to blame the platform? It has no fault in whatever result your decision in trading is.

Those two exchanges have very low volume and you should not trade there. Why don't you use big exchanges, where there are large volumes and indicators are more accurate. This makes you increase your probability of winning the trading session. I suggest you trade at Binance, which has additional functions like Stop-limit, which is very useful and reduces the risk of trading. Their functions will help you trade the best while you sleep well.

You can try in binance, binance has a larger volume and also prices that are rapidly changing because traders and large volumes are there.  maybe you can try doing there to slowly start trading

we should use large exchanges with large volume too. coins which is traded here has good reputation , different with unreputable exchanges. usually they didnt filtered well coins or token that will listing there. if we have time , we could compared coins quality between binance with mercatox or bibox. we will find differences on them.first side on trading volume , and other side on product quality. did they have working product that could applied in cryptocurrency ecosystem.

If you actually understand the question its more about learning trading then platform. No matter what platform you use but if you do not have the ability to make positive trade then be it any exchange the account balance will always be negative compared to what you started with.

I suggest that you should relax down a bit @cryptosojib because I see a clear panic post by what you have posted, you have not mentioned any details about what trades you made. Because without knowing the actual situation and mistakes you made its hard for anyone to give a credible suggestion.

Good information and actually I heard that SEC are not giving license or permission to new exchanges easily now.

It's important that you trade on the correct and genuine platform and secondly you must understand that the price will float a lot with bitcoins and you have to adapt your trading methods according to that. It's not easy if you have been trading with forex or something and coming into bitcoins for the first time but just make small orders and take advantage of the quick and small ups and downs which I personally call as margin trading.

That is very common, most of the people knew how important knowledge is. But let them, may be they can help by that information.

But I suggest for you to not only seek information, you need to practice and apply those knowledge for your own growth. I know in this thread you saw this thing many times. EXPERIENCE.

Experience will help you to become professional in trading. Keeping your guts in your account will produce you more money in the future. Keep hustling, people.

Bitmex also is a good trading app that can sure your future in trading. You just need yo use it wisely and with great critical thinking skill for you to be able execute every steps perfectly. Bad decision making can make you loss everything that you have. That's what happened to you, you let your greed control you and now you're suffering.

Learn how to use Bitmex, it is the same in Binance but bitmex is much tried and tested. Try to practice using it and your account will surely grow. You will not think about your losses if you mastered using this trading platform.

There is no connection between trading platforms and the losses that you experience when trading. So there will be no guarantee by changing
the trading platform will recover your loss. The loss that you experience when trading is more related to the trading strategy that you use. So
from that with changing trading platforms is not the right solution to overcome the losses that you have experienced. But if you really want to
find a trading place those who are recommended can try trading on binance exchanges. Because it is more convenient to use in my opinion and
also binance is exchanges which is popular and trusted to use.

This is true. Trading bear markets is waaaaay harder than the opposite. Your profits are capped, market is more prone to false signals for trend reversals and it revolves around around more complicated strategies usually. None of this is good. Better to use your time and money for learning process at this point and only join the movement when it is bullish and easier to manage for novice.

I believed you are not getting things right as far as your trading strategy is concerned this is more of learning and restrategizing your tradings else you would continue to suffer losses if possible take a break from trading live account for a while switch over to trading using a stimulator and practise well with any of the strategy available on the internet tweak it to fit your own plan, trade demo and make profits consistently before going back to live trading

I think you should know better about trading before trading You need to research and balance on which side to trade If there is a loss in trading then do not sit there and try again and correct where you went wrong. Trade for a long time and you can try to trade Binance and Kucoin on a good platform here If you trade well you will get back some of your lost money.

Exactly, it is impossible to trade them in the bear market because the market situation might change suddenly. So we should wait patiently for the opportunity to grab the low valued fund and it will surely help us to make profits if you control your emotions for some time.

Yes, I will recommend both exchanges. Binance so far is good since they are legit and known already meaning they are having a big volume turnover.Kucoin is also kay for being smooth in trading and fast too. You can try also bittrex, and some decentralized exchange for your Ethereum tokens.

wherever you trade if your technical analysis is not good it will suffer losses. I suggest trading on an exchanger platform having large volumes such as binance, okex, bitmax. having a large trading volume is better than a small volume because trading is easier.

Proper advice for this guy should be to stop trading and fast as possible, and to try to just invest and hold crypto. If he lost so much money already, and he didn't learn nothing for that time and for money spent, high chances are that he will never learn to trade, especially not here, where he needs to read all what people wrote and to try to apply that in his trading.
Trading is not for everyone, and its one of the reasons why I always try to suggest newcomers to start trading with some small amounts. Even if they lose some amount they will not regret it, and to try to learn as much as possible with that amount.

Even you switch in another trading platform still you can't easily earn all your losses. The market is still not in good condition and bitcoin has still suffered in decreasing price. Why not try to analyze the market before you do your investment because it can help you to avoid some losses. In terms of the trading platform, I highly recommend the Binance exchange which is also a reputable trading platform. I also suggest just do your investment in good coins just like bitcoin, ethereum, and binance coin.

Changing and jumping of platforms to recover the losses? are these people out of their mind? What they have lost on trading does not mean that the platform they are using has some kind of bad luck or whatnot. Trading specifically is based on what is your trading lifestyle, strategy and techniques. But the fact that exchanges has different degree of reputations, that count as a bearing in choosing what platform would the trader use to maximize the potential profit. Undoubtedly most of people here would suggest Binance since it is the fastest growing exchange in the present, but if I would suggest what platform to use is the Bitmex.

I have never used Mercatox and Bibox, but from what I saw when researching Mercatox, I realized that they also have Stop - Loss. So I think the problem of OP is losing money is because it probably shouldn't know technical analysis and is trading with altcoins which is more complicated in my opinion


I believe the main problem of the OP is because it does not know how to do market analysis

Go with exchanges that have a huge volume in their trading platform so you will be sure that you can liquidate your entries easily. Binance is one of the biggest exchange in the cryptocurrency market right now and it is also a good platform since there is a lot of available altcoins to trade there but you should be careful in pump and dumps because that is common there.

I am sorry you are having such a rough time of it mate. I definitely suggest you do some P2P trading on a platform like Vertex (https://vertex.market).  - that way you do not need to bet against the markets, but al you need to do is sell crypto via P2P at an increased rate.

No matter what you do, guys please be careful about where you trade in security reasons. If the place you pick has higher fee's, if the place you have is slower, if the place you have has low volume, whatever problem they might have could be overcome with time, however if the place you deal with has horrible security there is no going back from that. Just one big hacking and that website will be gone forever.

So, whatever you do, pick the one that is the most secure and have never been hacked before or have been hacked but overcame that somehow. Binance is already a very very succesful place and its very difficult to hack it and even when they do binance just pays it off and continues like nothing happened, however if you want to pick anywhere else, make sure they are like that as well.

There are a lot of trading platforms out there but we should only choose one platform that where our skills are suitable on using it. Choose also a platform that is convenient where it is easily understand. There are platform that is annoying because of their boring webpage. As a user it is not convenient to use, I also want a trading platform that have low fees because I can save more money from it. Choosing a reputable trading platform can help us to become more better trader especially if we are using unique features from it.

I think the solution you need is not to switch trading platforms, but rather to the way you trade so that you lose a lot,
if you move exchanges but don't change the way you trade, you will still experience the same thing (loss).

There are now trusted exchange nowadays that can be called as successful exchange like Binance, Okex and Bittrex. We can have a guarantee that our funds will be safe if we will use reputable exchange. The scam exchange are keep rising and that is why our money should be protected. There are also exchange that have fake volume and fake market capitalization. It is just my opinion because I tried to buy bitcoin and I did not experience any problems through using reputable exchanges.

wherever you trade, if you don't have knowledge about crypto trading. only the loss you will get. mercatox is an exchange with shitcoin dominance. so trading on that exchange is a big risk. if you want to recover your assets, try trading in the top 10 markets. like bittrex, binance, bitfinex, poloniex, bitmex, kraken, or others.

You can still have another platform but there is no assurance to get all your losses. I think platforms are almost the same and the only way to get higher profit lies on your trading decisions. Maybe you can also setup your strategies in trading and change to a new platform or stick to your usual platform at least with the old one you are already familiar of the procedures and steps.

Good point, learn more trading techniques, just learn from the learned and pioneer in trading. Wherever you are trading, they have almost the same price to minimal difference, especially to bitcoin, meaning it the way you trade. Though trading in a top trading site like BitMEX, Binance, Bittrex, etc is okay but knowledgeable in Techincal and Fundamental analysis is another story.

I checked tradingview and just do trade in different exchanges sometimes. The best thing is that we need to understand the chart, graphs, pattern or indicators and find platform youll easily understand. I prefer to look at one chart and then simply trade on legit exchanges its available to trade.

i'm not sure that the loss is only due to an improper trading platform, because in trading a TA is part of the other main factors that make a loss from trading, because even though we trade on an inappropriate trading platform but the TA we do is very good then i'm sure it will still make a profit

I believe this, exchanges with high volumes will probably move faster than exchanges with low volumes. and the problem of profit or loss depends on the trader doing the research and transactions therein. therefore when doing research you must carefully to see the price action that occurs.

Exchanges needs to develop their user interface as well as the user experience so that trading on those platforms gets much easier. Peoples usually tend to get attracted to the platforms which seems suitable for them and which are easy to be operated. UI/UX has really acquired an immense space in each of the industries.

Moreover, if you want some lower fees exchange, you could easily find one. Even some exchanges would reduce your trading fees if your daily trading volume is greater than their expectations. For example, you could even have 40% discount in the trading fees on Binance platform if your trading volume is above 500 BNB so if you are a higher amount trader than you would specifically find lower trading fees.

Actually there are a lot of exchanges where you can trade. You could actually browse online what platform would you choose. But in choosing a platform make sure that has a good qualification. Usually, I am trading in multiple platforms and most of them are voted as top best exchanges. I would not recommend trying to use such a new platform because there's a probability that it only after on your funds.

Technical Analysis is not that much important when someone is very strong in fundamentals,so OP didn't have hope on his coins that is why he lost his capital and unfortunately he has only dust which can't be traded on any exchange platforms.

Each of the exchange actually has the same running and also they do operate in a similar way. The volume, etc might vary on each exchange and hence, choosing a exchange with higher volume is always a point to be considered but I think no matter which exchange we choose, if our trading strategy does not fit our skills than we would hardly find any profits in the field.

Moving onto some better strategies and skills is a must in case of OP as peoples really need to educate themselves about the proper trading techniques and also the risk management as it might help you to stop excess loss and make quick profits even in the bear markets. Choosing highly reputable exchanges is a good start before you could learn some strategies and apply them onto the graphs.

Real volume and market capitalization are what we should look in an exchange. I suggest to only use the top 3 exchanges with the highest volume. But for me exchange is not matter if we will just choose those trusted trading platform. The thing that we should also focus is the technical analysis, even if we are using reputable exchanges but our skills are not yet enough then we will still experience big losses.

I recommend to choose a cryptocurrency exchange which is safe, this is the most important for every trader! Try one of the platforms which have great opinions among traders, for example CoinDeal or Kraken. These two are my favourites, but now I can especially recommend CoinDeal because of its attractive fees and free deposits. It even has the VQF Swiss License so it's super safe. Here you've got the link:https://coindeal.com/ (https://coindeal.com/).

Of course , we would really choose up those exchanges which been known to anybody but there were still people who do lost track and using up the unknown ones.

When it comes to exchangers then i do like Binance and Bittrex though.There are lots of options somehow but these are the top picks i believe.
Just a note, dont leave funds on exchangers yet theres no such thing about 100% safe.

He can choose Binance, Kraken, Kucoin, Bittrex, and I think that exchanges have a big exchange. He can find so many coins listed on that exchanges so he can start trading without any longer. But if he cares about his document or he doesn't want to send any document to the exchanges, he can choose Binance as we know that in Binance, we are free not to send the document, but we have a limit amount in withdrawal. I guess that will not be a problem for him if he still needs to learn more about trading.

ta wont be invented and wont now be popular if its not important  .  you said he dont have a hope on his coins , that also his mistake  .  to have faith on what we have is a must so that we can believe on it and dont do early moves  that leads to our losses  .  chosing an exchange is also important because of the security and the volumes they have   .  it wont be useless if you lack all these important factors  because you cant still be sucesful on your trades 

0.01 BTC is really a very low amount for you to trade in large exchanges, try to increase your balance before you want to trade. You should have at least 0.1 BTC to trade more simply and you will have more profits. In addition, you should not use small exchanges, that exchange cannot help you get profit because most of the altcoins there are only created to pump and dump and it happens very quickly.

The exchange has nothing to do with your losses it's actually you. I supposed that you are a new trader isn't? well i can say that you should be studying which coin you're going to invest, what kind of trade you want to be, sometimes exchange matter (you should look for an exchange with a high volume of trades) the point here is that before entering the trading you should know what you're doing and the consequences of your actions.

You should learn first how trading works and how you will read the market before entering and exiting the trading market.

Let's not discuss on the amount being used for trading. It is said that we should only invest the amount we are ready to loose and hence the amount might vary for each of us. You might be able to afford loosing 0.1 BTC but it should be a greater amount for OP and hence even 0.01 BTC would be a good amount to start it it is a amount you could afford to loose.

Profits would be smaller investing with smaller capital but at least it would not make us feel uneasy about the money we invested. I personally started with a much smaller amount but now made up myself to afford investing larger amount only because I was able to make profits from the smaller amount I invested initially.c

That's most important. Trading platform matters but it comes at the last stage. OP needs to prepare himself for the previous steps which include in learning and understanding the trading strategies, complying various patterns on the trading graphs, learning to earn some patience, etc before he could start a trading career.

Trading seems a easy task but is much complicated. There also are some platforms which have made trading easy but not all of them are trustworthy. OP needs to find a reliable platform and hence binance, huobi, etc would be a better platform to start with but before it OP should deeply consider learning trading.

I think it is 87 USD so many experts are concentrate large funding and huge profit in trading platform. But they are hold the 50% our investment in USDT so they never worried about any situation. Nowadays market is fluctuating so pump and dump will happen at time, but we have option for price fixing the trading so most of the exchanges are really useful to trade the crypto investment. I hope small scale investment is useful to understand the trading platform.

It's not an exchange fault, mate. Because there are many traders earning good money by trading on those exchanges. Sometimes our trading strategy fails, that's why we keep losing money in trade, you should stop the trade for a while and do other things. You may choose Binance, Kucoin, Bitfinex exchanges when you come back in trading because these platforms have real trading volume and good coins!

choosing a trading platform is recommended when we want to trade crypto, because not all trading platforms have a good trading volume. but this is not all a major factor in your current defeat. the most important thing is when choosing altcoin / token that is feasible for you to trade, especially for daily trading. binance is the trading platform that I currently use, but I would not advise you to go there. do your research first when you want to choose altcoin / tokens and trading platforms.

The reason you are losing money is because you trade on very low volume exchanges and there are only bot trades. Besides, such exchanges do not have stoploss system and OCO function. I think you should transfer money through the Binance exchange to get more great things. The alts listed on Binance chain are listed in Tradingviews and you can use dozens of indicator types there. In addition, Binance is a reputable exchange so you will not be afraid of being scammed like other shit exchanges.

I will advise him to look for something better to do than to be risking his money. Day trading is meant to be a means of passive income, though I have seen people that claims to have it as a full-time job. You better look for a real job to do and then do day trading as a side job. And trading requires a lot of practice and it takes time to become perfect in it, but you won’t be 100% perfect.

It’s not really about exchanges, it’s mainly about the method you’re using. Yes you need to be making use of a good exchange, but even if you are making use of a good exchange and you don’t have a good strategy for trading, you’re still not going to be making profit.

Absolutely not necessary. The strongest and most experienced traders trade both on a decrease and on a rise in the market.
Therefore, they use the fact that everything is dependent on Bitcoin as an additional tool for building their strategy.

Of course, if you are a young trader, then you better open only long transactions, this will reduce your risks.
But in the future you will still come to the conclusion that you will trade regardless of the situation that develops in the market.

Bots play an important role in the order books on each exchange. Even binance has a number of bot orders so we can't blame bots. Binance has higher volume which might cover bot orders and that is what makes binance a better platform to trade. Choosing a trading platform always is a necessary task which needs to be completed considering various benefits offered by the exchanges. Choosing a wrong exchange might make you land up in loss because of low volume, imperfect features, etc.

Binance has an inbuild feature to apply various strategies onto the graphs so tradingview is not that needed if you trade on binance. In-fact, binance has inbuilt graphs from tradingview so it makes things easier.

I won't say that you need to change your exchange in order to recover your loss but you need to change some strategies which are making you bear loss. You have to learn a lot of new things about trading and also you have to gain some experience which would make you earn profits from trading. Trading is nothing different than gambling.

You have to predict the exact price of the coin and you gain profits from it but in order to predict the exact prices of coins you need to have ample of knowledge and experience. You have to quit trading for few days to not face excess loss and you can start with demo trading which would make you gain some experience and also you can understand the markets more closely. Use your remaining 0.01 BTC more carefully and you would perhaps cover your loss from it.

I think first off you should choose an exchange with better liquidity. Another factor is the range of available types of orders. As far as I know, Mercatox doesn't support stop limit orders and some other types of orders that can help you to avoid extra losses. Probably you have used these orders on Bibox, I don't know.

I suppose IDAX can be a good alternative as it has a good reputation (https://cryptogeek.info/en/exchanges/idax-review), high liquidity, and it provides enough features that can help you to trade safer. Binance is another good option. Of course, it's more about the way you are trading and less about the platform. The platform matters though.

Volatility is one of the most important thing on why people do trade off bitcoin and other alts in the market yet without any movement will not really be an attractive thing to them.

We do prefer it this way neither it do moves up and down but still you do able to utilize those movement to be on your advantage.It wont be that easy as it sounds but really a worthy thing to be tried of.

Bitcoin is never been stable and so as with alts but to think that this is the primary reason why we do trade it up.In talks of trading platforms then always choose up the reputable ones
and does cater out on what youve been needing on a service.

if you are looking for the largest and most secure trading platform, binary market, bittrex or okex. maybe you loss in the market mercatox because in the market mercatox  there are lots of trading bot so you are fooled by a trading bot that makes losses