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Title: Choosing the right exchange Post by: xbcc40 on January 25, 2022, 01:53:39 PM Hi all,
I'm preparing my limit order for this altcoin and since the marketcap is only 170 million and my order might be big for this marketcap, I am afraid that my low bid order might not get filled if there is a wick down. So I'm deciding between 2 exchanges: Kucoin with 1.2 million USD volume (per 24 hour) and Gate.IO with 200k USD volume. The goal is to have the highest chance for getting my low bid order filled, especially because my order will be big (I think). I thought that Kucoin might be better for this, since the volume is way higher. But I have observed both exchanges for 2 days now and often Gate.IO has a lower price and also seems to have more units on sale. Is that possible, despite Kucoin having a way higher volume? Or am I reading it wrong? Please see this image of both the order books: https://i.ibb.co/4ZfjL7b/orderbook.jpg The white one is of Gate.IO and the black one of Kucoin. The total amount of coins is listed under ''cum'' on Gate.IO and ''Total'' on Kucoin. As you can see for the price of 12.287 for example there are only around 46 units to be sold on Kucoin and around 940 units on Gate.IO. Am I reading this correctly and thus at this time at least, Gate.IO is better for my goal of having the most chance of my low bid order to get filled? Thanks in advance! Title: Re: Choosing the right exchange Post by: Charles-Tim on January 25, 2022, 02:03:15 PM The exchange that your order can be filled earlier are exchanges with high trading volume of the listed coin. With what you have explained, it is better to go for Kucoin.
Do not follow the low price, what if your order is not filled earlier and no buyer or seller at the displayed amount of the limit order, but just in a way the market order of the coin will not favour you, then you might even end up buying at higher price or sell at lower price. Low volume can be very frustrating. The lower price seen can be deceiving which is most likely what will happen. Title: Re: Choosing the right exchange Post by: Jawhead999 on January 25, 2022, 02:24:48 PM The thing is they might cancel their order and there's a chance a new seller want to sell large sum with lower price too. I don't know which coins you're talking about and how they're interested with Gate.io rather than Kucoin while the volume Kucoin is far higher than Gate.io... You'd better checking the buy and sell order on the next hours and next days, if the volume is still higher in Gate.io then use Gate.io
Does this coins doesn't get listed in Binance? Binance should be the highest volume trading. Title: Re: Choosing the right exchange Post by: xbcc40 on January 25, 2022, 02:55:59 PM The exchange that your order can be filled earlier are exchanges with high trading volume of the listed coin. With what you have explained, it is better to go for Kucoin. Do not follow the low price, what if your order is not filled earlier and no buyer or seller at the displayed amount of the limit order, but just in a way the market order of the coin will not favour you, then you might even end up buying at higher price or sell at lower price. Low volume can be very frustrating. The lower price seen can be deceiving which is most likely what will happen. Thank you for your response. For me it is not only about the lower price. As I explained on the lower volume exchange the order book actually indicates more coins for sale and it has been like that for 2 days. But the volume says otherwise. Unless I'm reading the order book wrong. The thing is they might cancel their order and there's a chance a new seller want to sell large sum with lower price too. I don't know which coins you're talking about and how they're interested with Gate.io rather than Kucoin while the volume Kucoin is far higher than Gate.io... You'd better checking the buy and sell order on the next hours and next days, if the volume is still higher in Gate.io then use Gate.io Does this coins doesn't get listed in Binance? Binance should be the highest volume trading. Thank you for your response. You say, ''The thing is they might cancel their order''. But that goes for both exchanges, no? Or can you tell me how that influences the decision here? What do you mean exactly with ''interested with Gate.io''? So if I understand correctly, you do agree with me with the way the order book looks on that image I showed? It shows that Gate.io has more coins for sale, despite that the 24 hour volume is way less than Kucoin. And no, this projects is not listed on any bigger exchange. Title: Re: Choosing the right exchange Post by: jackg on January 25, 2022, 04:03:13 PM You can likely go with either and still get something filled.
There's quite a large gap in the order books (lowest bid v highest ask) from your screenshot which means it's hard to tell where would be the best place to get the order fulfilled and it'll probably either fill for your price on both or neither if volume is that high... Title: Re: Choosing the right exchange Post by: tranthidung on January 25, 2022, 04:18:10 PM Choose exchange without KYC requirement.
Then consider an exchange which has higher trading volume that in turn will help you to enter and exit with your prefer price. Your orders won't affect price too much if trading volume is high enough and bigger than your order value. Lastly I would prefer to choose exchange with different trading pairs, BTC, stable coins (different ones, not only USDT, but also BUSD, DAI, etc.) Remember with DEX, non KYC is only temporary because sooner or later, they will require KYC. Title: Re: Choosing the right exchange Post by: Ararbermas on January 25, 2022, 08:19:05 PM For me in my personal opinion i don't want to recommend gate.io exchange because way back 2019 i have problem with my account but they keep asking more information even though i've already submitted what some sort of information they need in order to recognize me but sad to say no solution until now just a bunch of messages for my information. Very shady to be honest so i stopped contacting them. If i were you mate try binance if it's not restricted to your country wherein to ensure your capital is in a safe place as well, its a very secured platform so probably a good choice than gate.io.
Title: Re: Choosing the right exchange Post by: kentrolla on January 25, 2022, 09:07:04 PM As per the screenshot there is a gap between the buying price and selling price, I am sure you will not be able to buy at market price in gate.io because the sellers wants to sell above the market price and buyers want to get it under the market price in Kucoin, so it would be a stalemate wherein your order will not be filled. I would suggest you to find the real arbitrage with some other coin wherein the prices will vary but atleast buyers and sellers should be buying and selling around the market price.
Title: Re: Choosing the right exchange Post by: Lanatsa on January 25, 2022, 09:09:45 PM As per the screenshot there is a gap between the buying price and selling price, I am sure you will not be able to buy at market price in gate.io because the sellers wants to sell above the market price and buyers want to get it under the market price in Kucoin, so it would be a stalemate wherein your order will not be filled. I would suggest you to find the real arbitrage with some other coin wherein the prices will vary but atleast buyers and sellers should be buying and selling around the market price. That's the problem if a certain platform doesn't really have much volume on which you could really be having a hard time on filling up those orders that you had made which you might really be ending up on dealing with market price rather than setting those limits that you had inputted. I don't have any experiences in using Gate.io but basing off with volume then it is really just sensible if you do really make use of those top rankings in the market which you wouldn't really be worrying this kind of problem. Title: Re: Choosing the right exchange Post by: Maslate on January 25, 2022, 11:40:16 PM In that case, I'd rather choose Kucoin exchange than Gate.io. It is better to choose an exchange that has huge trading volume as we can make our buy/sell easily get filled. And also, considering the credibility of Kucoin have than Gate.io, I think it was safe to use.
Well, I understand that the price isn't your concern but it was supposed to look for which exchange could offer the best aside from security. Title: Re: Choosing the right exchange Post by: Quidat on January 25, 2022, 11:42:30 PM In that case, I'd rather choose Kucoin exchange than Gate.io. It is better to choose an exchange that has huge trading volume as we can make our buy/sell easily get filled. And also, considering the credibility of Kucoin have than Gate.io, I think it was safe to use. Also there are several thread on this forum about their reputation or issues.Well, I understand that the price isn't your concern but it was supposed to look for which exchange could offer the best aside from security. https://bitcointalk.org/index.php?topic=5342342.0 https://bitcointalk.org/index.php?topic=2995073.0 https://bitcointalk.org/index.php?topic=5332983.0 I would also trust up Kucoin in the end of the day. Title: Re: Choosing the right exchange Post by: noorman0 on January 26, 2022, 02:47:02 AM You mean the trading pair LYXE><USDT, gate.io has almost no trading activity per minute. If you want to continue, kucoin is better. What you have to think about is not only getting the lowest possible purchase price, but how your order is actually filled and as quickly as possible both when you buy and sell. On certain exchanges, large orders volume don't actually contain real orders , they are just fictitious orders.
Title: Re: Choosing the right exchange Post by: traderethereum on January 26, 2022, 04:01:23 AM I still prefer KuCoin over Gate.io but both exchanges did good work for me because I can profit from various coins.
The volume or trading pair is much bigger KuCoin than Gate.io so that the movements will be fast at KuCoin. If you are not hurrying to trade, Gate.io can suit you but if you want to have a more aggressive market, KuCoin is better but Binance is best if you want to search for faster movements. Related to your coins, you should check how long one order will fill so if you take a look at Gate.io, the order will need more time to fill than in KuCoin but maybe I am wrong because that can be related to the time for the trader to trade. Title: Re: Choosing the right exchange Post by: ice18 on January 26, 2022, 07:48:49 AM My suggestion is choose exchange with high volume Kucoin, why I suggest this one? Supposed your buy order at low price already been filled then later the price increase then you have a profit now and you decided to sell it, right? You can immediately sell your asset without worrying with liquidity and volume in Kucoin compared to Gateio which has low volume, you need to wait a longer time before your sell order got filled.
Title: Re: Choosing the right exchange Post by: genny2kuk on January 26, 2022, 09:13:23 AM I would also advice Kucoin because of its large trade volume. Using an exchange that has lower trade volume might result in slippage. Which means that you would end up paying higher for your trade.
Title: Re: Choosing the right exchange Post by: palle11 on January 26, 2022, 10:48:22 AM Well a personal experience will tell you that trading on a high volume exchange is better. Between the two you mentioned, I will suggest kucoin for you. It has volume higher and resell won't be your problem because of the numbers of willing to buy traders in there. Your orders won't take long to be taken both for buy or sell.
Title: Re: Choosing the right exchange Post by: tvplus006 on January 26, 2022, 06:09:36 PM ...The goal is to have the highest chance for getting my low bid order filled, especially because my order will be big (I think). ... If you have doubts, in this case it would be the right decision to divide the deposit between these two exchanges by sending most of it to Kucoin. At the same time, place purchase orders in pairs to various stable coins, if there is such a choice. Title: Re: Choosing the right exchange Post by: Sweetbtc on January 27, 2022, 01:47:10 PM First of all we should check the volume of persons in exchange.after that we should see the coins.at the end we should check the exchange quality and review.if review rate is more than 4 star so it's mean it is workable exchange
Title: Re: Choosing the right exchange Post by: tippytoes on January 28, 2022, 11:37:14 PM Well a personal experience will tell you that trading on a high volume exchange is better. Between the two you mentioned, I will suggest kucoin for you. It has volume higher and resell won't be your problem because of the numbers of willing to buy traders in there. Your orders won't take long to be taken both for buy or sell. Usually high volume exchange has faster rate of fulfilling your orders. But it depends on the coin in question here because it varies from one exchange to another. Also, the movement may be fast so whatever the OP posted will change in a matter of minutes. So he needs to consider that as well. The figures he was looking at that time, may change upon the execution of his order. He needs to observe the two exchanges on how the orders are getting filled for that particular coin. Title: Re: Choosing the right exchange Post by: harizen on January 28, 2022, 11:45:50 PM I think by choosing those large exchanges, any orders made by yours will be filled.
Is that your real concern? Can you elaborate on other concerns so we can have an accurate response to you? Title: Re: Choosing the right exchange Post by: rhomelmabini on January 29, 2022, 04:21:28 AM First of all we should check the volume of persons in exchange.after that we should see the coins.at the end we should check the exchange quality and review.if review rate is more than 4 star so it's mean it is workable exchange That's the best thing to choose to but everyone should check the liability if those volume aren't just made up or not fake. Liquidity/volume is a good thing for exchanges since it builds confidence to the customer and it would make sense that they can execute every trade. If it's about review, I would also choose what review sites to choose as well, there are just bad and good review sites out there, choose wisely.Title: Re: Choosing the right exchange Post by: globalpain on January 29, 2022, 05:59:35 AM First of all we should check the volume of persons in exchange.after that we should see the coins.at the end we should check the exchange quality and review.if review rate is more than 4 star so it's mean it is workable exchange Talking about exchanges I think we can't be separated from popular exchanges like Binance,the exchange is unquestionable and has a lot of features too, so it's definitely a good review value Title: Re: Choosing the right exchange Post by: Miki13 on January 29, 2022, 08:12:46 PM A few years ago, I was involved in cryptocurrency trading. There were successful days, but also bad ones. Luckily I paid off the money invested immediately when I got the money so I can say that I am on a positive 0 :) I would like to return to the crypto world but this time still with some knowledge of trading. Do you have any advice on what to look out for? Which currencies are best to trade? Is it better to spread the amount over multiple currencies or put it all in one? Which stock exchange do you advise? I used Binance, Bitfinex and Mercatox...
Title: Re: Choosing the right exchange Post by: Johnyz on January 29, 2022, 08:20:20 PM First of all we should check the volume of persons in exchange.after that we should see the coins.at the end we should check the exchange quality and review.if review rate is more than 4 star so it's mean it is workable exchange Talking about exchanges I think we can't be separated from popular exchanges like Binance,the exchange is unquestionable and has a lot of features too, so it's definitely a good review value Title: Re: Choosing the right exchange Post by: crzy on January 29, 2022, 08:50:13 PM First of all we should check the volume of persons in exchange.after that we should see the coins.at the end we should check the exchange quality and review.if review rate is more than 4 star so it's mean it is workable exchange Talking about exchanges I think we can't be separated from popular exchanges like Binance,the exchange is unquestionable and has a lot of features too, so it's definitely a good review value Title: Re: Choosing the right exchange Post by: DoublerHunter on January 29, 2022, 09:03:00 PM First of all we should check the volume of persons in exchange.after that we should see the coins.at the end we should check the exchange quality and review.if review rate is more than 4 star so it's mean it is workable exchange Talking about exchanges I think we can't be separated from popular exchanges like Binance,the exchange is unquestionable and has a lot of features too, so it's definitely a good review value If you are looking for a good trading experience and your orders are easy to execute is a good place in trading. For me, the right choice on a good exchange is the volume because a large volume means large potential profit. Kucoin and Binance are now the same popular exchanges platform but I have so many friends that said, Kucoin is better than Binance. Title: Re: Choosing the right exchange Post by: Hypnosis00 on January 29, 2022, 09:26:21 PM Choosing the right exchanges OP is very important when it comes to trading.
* Reliable * huge trade volume * number of currencies accepted * security (legality) * trade commission These are the things I needed to look at and certainly will help to live confidently that we are in the right/good exchanger and we can never lose our money upon using them. As the more exchanges are created this time, the more we become careful in choosing them. Title: Re: Choosing the right exchange Post by: CryptopreneurBrainboss on January 30, 2022, 09:30:32 AM The goal is to have the highest chance for getting my low bid order filled, especially because my order will be big (I think). I thought that Kucoin might be better for this, since the volume is way higher. But I have observed both exchanges for 2 days now and often Gate.IO has a lower price and also seems to have more units on sale. Is that possible, despite Kucoin having a way higher volume? Or am I reading it wrong? Don't believe those volumes, exchanges are known for faking their volume, and kucoin exchange from my experience is one of those exchange doing this excessively. I was once active on the exchange due to the possiblity of getting newly listed gem before other top exchanges does but I noticed they have more of bots than active traders. I haven't used gate.io that much so I won't have much opinion on them. If this trade haven't been executed yet why not utilized both exchange for the transaction to be filled faster, both exchange are quite decent and aren't scammy so they could do the trick. Exchange have bots that places either buy or sell order above current market value just to keep the market active but usually the trade volume are low meaning it will be hard to have all your orders filled if the transaction volume is very high. Title: Re: Choosing the right exchange Post by: sana54210 on January 30, 2022, 04:40:10 PM Choosing the right exchanges OP is very important when it comes to trading. Yes, a lot of things goes into choosing the right exchange, but I think these two exchanges are reliable exchanges since they are both well known exchanges (though Kucoin has a better exchange since it is bigger and better known). As for the number of currencies that are being accepted on the both exchanges I can’t tell which has the highest number of currencies that are being accepted.* Reliable * huge trade volume * number of currencies accepted * security (legality) * trade commission In terms of security , they might both be on the same level of security. The only way I think that they are not the same is the trade volume which Kucoin has bigger trade volume than Gate.io. and of course Kucoin would be the better choice here since it is winning. Title: Re: Choosing the right exchange Post by: TopT3ns on January 30, 2022, 05:09:54 PM Choosing the right exchanges OP is very important when it comes to trading. Yes, a lot of things goes into choosing the right exchange, but I think these two exchanges are reliable exchanges since they are both well known exchanges (though Kucoin has a better exchange since it is bigger and better known). As for the number of currencies that are being accepted on the both exchanges I can’t tell which has the highest number of currencies that are being accepted.* Reliable * huge trade volume * number of currencies accepted * security (legality) * trade commission In terms of security , they might both be on the same level of security. The only way I think that they are not the same is the trade volume which Kucoin has bigger trade volume than Gate.io. and of course Kucoin would be the better choice here since it is winning. Title: Re: Choosing the right exchange Post by: TinaK on January 30, 2022, 09:10:52 PM The goal is to have the highest chance for getting my low bid order filled, especially because my order will be big (I think). I thought that Kucoin might be better for this, since the volume is way higher. But I have observed both exchanges for 2 days now and often Gate.IO has a lower price and also seems to have more units on sale. Is that possible, despite Kucoin having a way higher volume? Or am I reading it wrong? Don't believe those volumes, exchanges are known for faking their volume, and kucoin exchange from my experience is one of those exchange doing this excessively. I was once active on the exchange due to the possiblity of getting newly listed gem before other top exchanges does but I noticed they have more of bots than active traders. I haven't used gate.io that much so I won't have much opinion on them. <....> So, don't look up the trading volume because that is very easy to fake especially if the coin is a low volume. Title: Re: Choosing the right exchange Post by: andriarto on January 31, 2022, 03:42:44 AM Choosing the right exchanges OP is very important when it comes to trading. Yes, a lot of things goes into choosing the right exchange, but I think these two exchanges are reliable exchanges since they are both well known exchanges (though Kucoin has a better exchange since it is bigger and better known). As for the number of currencies that are being accepted on the both exchanges I can’t tell which has the highest number of currencies that are being accepted.* Reliable * huge trade volume * number of currencies accepted * security (legality) * trade commission In terms of security , they might both be on the same level of security. The only way I think that they are not the same is the trade volume which Kucoin has bigger trade volume than Gate.io. and of course Kucoin would be the better choice here since it is winning. Title: Re: Choosing the right exchange Post by: judaspriest on January 31, 2022, 05:31:09 AM Choosing the right exchanges OP is very important when it comes to trading. Yes, a lot of things goes into choosing the right exchange, but I think these two exchanges are reliable exchanges since they are both well known exchanges (though Kucoin has a better exchange since it is bigger and better known). As for the number of currencies that are being accepted on the both exchanges I can’t tell which has the highest number of currencies that are being accepted.* Reliable * huge trade volume * number of currencies accepted * security (legality) * trade commission In terms of security , they might both be on the same level of security. The only way I think that they are not the same is the trade volume which Kucoin has bigger trade volume than Gate.io. and of course Kucoin would be the better choice here since it is winning. what is clear is that everyone must be selective in choosing the exchange and they must have their own classification Title: Re: Choosing the right exchange Post by: crwth on January 31, 2022, 05:38:26 AM Why not divide the altcoin you have and deposit it in both exchanges? You will get lower volume within both, and you can get the order filled in no time. Maybe you can stagger it as well? Maybe just do it differently so as not to give the market an immediate dump or something.
If you don't care about that, go with the most profit you could get so that it would be easier. Title: Re: Choosing the right exchange Post by: michellee on January 31, 2022, 06:08:46 AM KuCoin and Gate.io are good exchanges so I think you can use both exchanges to trade. But if you want to search which exchange will have the lowest bid, I think that will depend on the coin itself because sometimes coin A in KuCoin will have the lowest price and vice versa.
I guess you want to use both exchanges for arbitrage trading or I could be wrong because you compare both exchanges to find the lowest price. Whether which exchanges you will select, you should check everything before buying or selling and make sure you analyze to find the price. Title: Re: Choosing the right exchange Post by: Yamifoud on January 31, 2022, 10:57:30 AM KuCoin and Gate.io are good exchanges so I think you can use both exchanges to trade. But if you want to search which exchange will have the lowest bid, I think that will depend on the coin itself because sometimes coin A in KuCoin will have the lowest price and vice versa. They are good and trusted anyway but traders will look for exchanges where they can save some cost of withdrawal expenses. This really matters a lot for now and that is sometimes even exchanges will ask KYC they will still choose them for that matter. Of course, we don't have to forget the reputation of an exchange, we need also to be sure that we are safe and we can withdraw our funds anytime. And not only that, choosing the best and know exchanges we can easily make a trade, we don't wait too long to get filled our buy/sell option, unlike the others. I guess you want to use both exchanges for arbitrage trading or I could be wrong because you compare both exchanges to find the lowest price. Whether which exchanges you will select, you should check everything before buying or selling and make sure you analyze to find the price. Title: Re: Choosing the right exchange Post by: TopT3ns on January 31, 2022, 01:15:26 PM KuCoin and Gate.io are good exchanges so I think you can use both exchanges to trade. But if you want to search which exchange will have the lowest bid, I think that will depend on the coin itself because sometimes coin A in KuCoin will have the lowest price and vice versa. I agree with KuCoin as good exchange market where deposit and withdraw never get any problem but still faced little problem with Gate.io exchange, ever one time make arbitrage on this exchange but deposit delay almost 30 minutes and I loss chance to sell on higher price because have dump. I think good exchange can process withdrawing and deposit without several minutes, lately only five minutes is maximum for deposit and withdraw process, if have any exchange need one hour for deposit or withdraw I think is not good reputation exchange market.I guess you want to use both exchanges for arbitrage trading or I could be wrong because you compare both exchanges to find the lowest price. Whether which exchanges you will select, you should check everything before buying or selling and make sure you analyze to find the price. Title: Re: Choosing the right exchange Post by: Mpamaegbu on January 31, 2022, 04:56:12 PM For me in my personal opinion i don't want to recommend gate.io exchange because way back 2019 i have problem with my account but they keep asking more information even though i've already submitted what some sort of information they need in order to recognize me but sad to say no solution until now just a bunch of messages for my information. Very shady to be honest so i stopped contacting them. Honestly, I don't know why I haven't come round using that exchange. I always have premonition that all isn't well there. There were instances when I had to let go of certain tokens I wanted to buy which were exclusively listed on that exchange. I ain't outrightly saying it's a scam exchange, though I've my reservations about it.If i were you mate try binance if it's not restricted to your country wherein to ensure your capital is in a safe place as well, its a very secured was so probably a good choice than gate.io. Not every token is listed on Binance and OP didn't bother to furnish us with a related information as to the name of the token do one can easily check it out. It beats me hallow why they were secretive on that. Even the link they provided, there was nowhere to find token name. Gosh!Title: Re: Choosing the right exchange Post by: jaberwock on January 31, 2022, 06:46:44 PM The white one is of Gate.IO and the black one of Kucoin. The total amount of coins is listed under ''cum'' on Gate.IO and ''Total'' on Kucoin. As you can see for the price of 12.287 for example there are only around 46 units to be sold on Kucoin and around 940 units on Gate.IO. Am I reading this correctly and thus at this time at least, Gate.IO is better for my goal of having the most chance of my low bid order to get filled? Lol if there are lots of units on sale on one doesn’t that mean that it is because it doesn’t have a high trade volume? Maybe it would be best to go with the exchange that has a higher trade volume so that way you’re sure that your orders get filled real quick than having to wait for a long time.It’s your choice though to decide for yourself, but if it was left for me I think I will be choosing that Kucoin exchange because it is a bigger exchange and has a bigger trade volume, which probably gives you a better chance. Or you can still go ahead to give the both exchanges a try to see which would better give you what you want . Title: Re: Choosing the right exchange Post by: antmex on January 31, 2022, 06:59:35 PM My suggestion is choose exchange with high volume Kucoin, why I suggest this one? Supposed your buy order at low price already been filled then later the price increase then you have a profit now and you decided to sell it, right? You can immediately sell your asset without worrying with liquidity and volume in Kucoin compared to Gateio which has low volume, you need to wait a longer time before your sell order got filled. Exactly what I would like to write. Exchanges with low volume are easily to manipulate I think. Title: Re: Choosing the right exchange Post by: michellee on February 01, 2022, 03:32:12 AM They are good and trusted anyway but traders will look for exchanges where they can save some cost of withdrawal expenses. This really matters a lot for now and that is sometimes even exchanges will ask KYC they will still choose them for that matter. Of course, we don't have to forget the reputation of an exchange, we need also to be sure that we are safe and we can withdraw our funds anytime. And not only that, choosing the best and know exchanges we can easily make a trade, we don't wait too long to get filled our buy/sell option, unlike the others. I agree with KuCoin as good exchange market where deposit and withdraw never get any problem but still faced little problem with Gate.io exchange, ever one time make arbitrage on this exchange but deposit delay almost 30 minutes and I loss chance to sell on higher price because have dump. I think good exchange can process withdrawing and deposit without several minutes, lately only five minutes is maximum for deposit and withdraw process, if have any exchange need one hour for deposit or withdraw I think is not good reputation exchange market. Both of you are right. I see KuCoin have a chance to become bigger in the future as they have many updates and although they use some similar features as Binance, KuCoin can lift the position to be the top exchange. I do not have a problem using both exchanges. Although I do not trade too often on both exchanges, I still hold some coins and wait for the coin price increase. The deposit and withdrawal are not too long for me but we need to realize that maybe it depends on the network itself.Title: Re: Choosing the right exchange Post by: Jazzi Mahesh on February 01, 2022, 05:39:39 AM Currency prices can be determined in two main ways: a floating exchange rate or a fixed exchange rate. Floating exchange rates are determined by supply and demand in the open market through global currency markets. Therefore, if the demand for the currency is high, the value will increase.
Title: Re: Choosing the right exchange Post by: jrrsparkles on February 01, 2022, 06:07:53 AM Hi all, Some exchanges have orders filled with lower price but when you take a look at the volume of those orders it will be less than 1% or simply created by the exchange itself to give more trading volume to coin tacking sites so I always say go with the Kucoin which is reputable and you don't need to worry about your order stuck forever.I'm preparing my limit order for this altcoin and since the marketcap is only 170 million and my order might be big for this marketcap, I am afraid that my low bid order might not get filled if there is a wick down. So I'm deciding between 2 exchanges: Kucoin with 1.2 million USD volume (per 24 hour) and Gate.IO with 200k USD volume. The goal is to have the highest chance for getting my low bid order filled, especially because my order will be big (I think). I thought that Kucoin might be better for this, since the volume is way higher. But I have observed both exchanges for 2 days now and often Gate.IO has a lower price and also seems to have more units on sale. Is that possible, despite Kucoin having a way higher volume? Or am I reading it wrong? Please see this image of both the order books: https://i.ibb.co/4ZfjL7b/orderbook.jpg The white one is of Gate.IO and the black one of Kucoin. The total amount of coins is listed under ''cum'' on Gate.IO and ''Total'' on Kucoin. As you can see for the price of 12.287 for example there are only around 46 units to be sold on Kucoin and around 940 units on Gate.IO. Am I reading this correctly and thus at this time at least, Gate.IO is better for my goal of having the most chance of my low bid order to get filled? Thanks in advance! Title: Re: Choosing the right exchange Post by: redsun114 on February 01, 2022, 06:35:12 AM I see KuCoin have a chance to become bigger in the future as they have many updates and although they use some similar features as Binance, KuCoin can lift the position to be the top exchange. I do not have a problem using both exchanges. Although I do not trade too often on both exchanges, I still hold some coins and wait for the coin price increase. The deposit and withdrawal are not too long for me but we need to realize that maybe it depends on the network itself. Plus one here, it is true that speed can sometimes differ based on the traffic in the network so they must not put all the blame in the exchange. Deposits do not have to be manual but withdrawals can be and manual processing of withdrawals does not only happens on exchanges but also on gambling platforms and on some wallet service providers.I think they do that because they want to make sure that all withdrawals are fair and not fraud. I also agree when you say that kucoin and binance have similarities because this also what i noticed before. Not only kucoin copies binance but bitmart too has a resemblance of binance. Is that allowed and binance know this already? Title: Re: Choosing the right exchange Post by: m2017 on February 01, 2022, 08:04:48 AM They are good and trusted anyway but traders will look for exchanges where they can save some cost of withdrawal expenses. This really matters a lot for now and that is sometimes even exchanges will ask KYC they will still choose them for that matter. Of course, we don't have to forget the reputation of an exchange, we need also to be sure that we are safe and we can withdraw our funds anytime. And not only that, choosing the best and know exchanges we can easily make a trade, we don't wait too long to get filled our buy/sell option, unlike the others. I agree with KuCoin as good exchange market where deposit and withdraw never get any problem but still faced little problem with Gate.io exchange, ever one time make arbitrage on this exchange but deposit delay almost 30 minutes and I loss chance to sell on higher price because have dump. I think good exchange can process withdrawing and deposit without several minutes, lately only five minutes is maximum for deposit and withdraw process, if have any exchange need one hour for deposit or withdraw I think is not good reputation exchange market. Both of you are right. I see KuCoin have a chance to become bigger in the future as they have many updates and although they use some similar features as Binance, KuCoin can lift the position to be the top exchange. I do not have a problem using both exchanges. Although I do not trade too often on both exchanges, I still hold some coins and wait for the coin price increase. The deposit and withdrawal are not too long for me but we need to realize that maybe it depends on the network itself.The chances and potential forKuCoin to become bigger in the future, of course, are. But this create some problems for the users. For example, regulators will pay more attention to this exchange and this will lead to mandatory KYC. It will be unpleasant. Title: Re: Choosing the right exchange Post by: noormcs5 on February 01, 2022, 08:44:22 AM They are good and trusted anyway but traders will look for exchanges where they can save some cost of withdrawal expenses. This really matters a lot for now and that is sometimes even exchanges will ask KYC they will still choose them for that matter. Of course, we don't have to forget the reputation of an exchange, we need also to be sure that we are safe and we can withdraw our funds anytime. And not only that, choosing the best and know exchanges we can easily make a trade, we don't wait too long to get filled our buy/sell option, unlike the others. I agree with KuCoin as good exchange market where deposit and withdraw never get any problem but still faced little problem with Gate.io exchange, ever one time make arbitrage on this exchange but deposit delay almost 30 minutes and I loss chance to sell on higher price because have dump. I think good exchange can process withdrawing and deposit without several minutes, lately only five minutes is maximum for deposit and withdraw process, if have any exchange need one hour for deposit or withdraw I think is not good reputation exchange market. Both of you are right. I see KuCoin have a chance to become bigger in the future as they have many updates and although they use some similar features as Binance, KuCoin can lift the position to be the top exchange. I do not have a problem using both exchanges. Although I do not trade too often on both exchanges, I still hold some coins and wait for the coin price increase. The deposit and withdrawal are not too long for me but we need to realize that maybe it depends on the network itself.The only probelm with kucoin is that they have a strict KYC policy where they do not allow many countires to use thier exchnages. Even though you can make an account and use it if you are in restricted country but KYC is not allwed for everyone. For this reason i don't think that Kucoin has a big potential as some of the other exchanged mainly binance. For now i think binance is the biggest exchange and no other exchanges seems to be pouplar in terms of liquidity and number of users. There are few other exchnages with much improved features like FTX but that is not widely used when you compare it with binance. Title: Re: Choosing the right exchange Post by: michellee on February 01, 2022, 01:30:41 PM The only probelm with kucoin is that they have a strict KYC policy where they do not allow many countires to use thier exchnages. Even though you can make an account and use it if you are in restricted country but KYC is not allwed for everyone. For this reason i don't think that Kucoin has a big potential as some of the other exchanged mainly binance. For now i think binance is the biggest exchange and no other exchanges seems to be pouplar in terms of liquidity and number of users. There are few other exchnages with much improved features like FTX but that is not widely used when you compare it with binance. If you think KuCoin is a strict KYC policy and your country is on their restricted countries list, you can search for the other exchanges. KuCoin is just an option for a trader who wants a similar exchange like Binance. But Binance itself has a strict KYC policy, and most exchanges will do the same.FTX is also good to exchange and although they are a new exchange, they can get in the top ten exchanges this year, so that could be another option for you. But I do not know much about their policy because I do not read too many details. Title: Re: Choosing the right exchange Post by: Taskford on February 01, 2022, 02:15:25 PM The only probelm with kucoin is that they have a strict KYC policy where they do not allow many countires to use thier exchnages. Even though you can make an account and use it if you are in restricted country but KYC is not allwed for everyone. For this reason i don't think that Kucoin has a big potential as some of the other exchanged mainly binance. For now i think binance is the biggest exchange and no other exchanges seems to be pouplar in terms of liquidity and number of users. There are few other exchnages with much improved features like FTX but that is not widely used when you compare it with binance. If you think KuCoin is a strict KYC policy and your country is on their restricted countries list, you can search for the other exchanges. KuCoin is just an option for a trader who wants a similar exchange like Binance. But Binance itself has a strict KYC policy, and most exchanges will do the same.KYC implementation on binance is considerable knowing that they are just following what the law required them to do and besides they are high reputable exchange so I guess their existing and old traders will not care or worry about the new changes happen on their trading platform. Also my second option here is Kucoin and so far they didn't ask me to submit those details and the coins and can trade smoothly at them. Title: Re: Choosing the right exchange Post by: Hamphser on February 01, 2022, 09:59:35 PM The only probelm with kucoin is that they have a strict KYC policy where they do not allow many countires to use thier exchnages. Even though you can make an account and use it if you are in restricted country but KYC is not allwed for everyone. For this reason i don't think that Kucoin has a big potential as some of the other exchanged mainly binance. For now i think binance is the biggest exchange and no other exchanges seems to be pouplar in terms of liquidity and number of users. There are few other exchnages with much improved features like FTX but that is not widely used when you compare it with binance. If you think KuCoin is a strict KYC policy and your country is on their restricted countries list, you can search for the other exchanges. KuCoin is just an option for a trader who wants a similar exchange like Binance. But Binance itself has a strict KYC policy, and most exchanges will do the same.KYC implementation on binance is considerable knowing that they are just following what the law required them to do and besides they are high reputable exchange so I guess their existing and old traders will not care or worry about the new changes happen on their trading platform. Also my second option here is Kucoin and so far they didn't ask me to submit those details and the coins and can trade smoothly at them. Yes, Kucoin is really a good option too and when it comes to reputation then this one do also fits out just next to BInance.So its a personal choice whether which one you do prefer the most. Stick with the best ones and you wouldnt really experiencing some problems but its not really that bad to consider new ones but always mind off about the risks. Title: Re: Choosing the right exchange Post by: Oceat on February 01, 2022, 11:29:03 PM Quote -snip- Some doesnt mind but there are people who doesnt really like on the current set up on what Binance does have but showing off that they only lost mere amount on percentage of their users of such changes.Yes, Kucoin is really a good option too and when it comes to reputation then this one do also fits out just next to BInance.So its a personal choice whether which one you do prefer the most. Stick with the best ones and you wouldnt really experiencing some problems but its not really that bad to consider new ones but always mind off about the risks. Title: Re: Choosing the right exchange Post by: dunfida on February 01, 2022, 11:40:54 PM Quote -snip- Some doesnt mind but there are people who doesnt really like on the current set up on what Binance does have but showing off that they only lost mere amount on percentage of their users of such changes.Yes, Kucoin is really a good option too and when it comes to reputation then this one do also fits out just next to BInance.So its a personal choice whether which one you do prefer the most. Stick with the best ones and you wouldnt really experiencing some problems but its not really that bad to consider new ones but always mind off about the risks. tighter as we do move on years to come which these platforms would be slowly becoming into this kind of standard and since these things are regulated then they do need to abide on the laws and regulations that had been set which means that we dont have any choice but to deal with it. Sooner or later we would be totally be seeing platforms would be mainly asking for some verification. Title: Re: Choosing the right exchange Post by: michellee on February 02, 2022, 01:34:34 AM KYC implementation on binance is considerable knowing that they are just following what the law required them to do and besides they are high reputable exchange so I guess their existing and old traders will not care or worry about the new changes happen on their trading platform. Also my second option here is Kucoin and so far they didn't ask me to submit those details and the coins and can trade smoothly at them. Maybe that is why Binance uses a high KYC implementation for some people and makes them uncomfortable. I consider that Binance verification is like the other not too strict exchanges. Still, KuCoin can be another option for traders as KuCoin does not apply strict KYC verification. That is why KuCoin can be bigger in the future as they have similar features like Binance and have many coins. Maybe people need to check on HotBit, as this exchange is active so they will have another option besides KuCoin.Title: Re: Choosing the right exchange Post by: noormcs5 on February 02, 2022, 04:14:39 AM Hi all, Some exchanges have orders filled with lower price but when you take a look at the volume of those orders it will be less than 1% or simply created by the exchange itself to give more trading volume to coin tacking sites so I always say go with the Kucoin which is reputable and you don't need to worry about your order stuck forever.I'm preparing my limit order for this altcoin and since the marketcap is only 170 million and my order might be big for this marketcap, I am afraid that my low bid order might not get filled if there is a wick down. So I'm deciding between 2 exchanges: Kucoin with 1.2 million USD volume (per 24 hour) and Gate.IO with 200k USD volume. The goal is to have the highest chance for getting my low bid order filled, especially because my order will be big (I think). I thought that Kucoin might be better for this, since the volume is way higher. But I have observed both exchanges for 2 days now and often Gate.IO has a lower price and also seems to have more units on sale. Is that possible, despite Kucoin having a way higher volume? Or am I reading it wrong? Please see this image of both the order books: The white one is of Gate.IO and the black one of Kucoin. The total amount of coins is listed under ''cum'' on Gate.IO and ''Total'' on Kucoin. As you can see for the price of 12.287 for example there are only around 46 units to be sold on Kucoin and around 940 units on Gate.IO. Am I reading this correctly and thus at this time at least, Gate.IO is better for my goal of having the most chance of my low bid order to get filled? Thanks in advance! The exchange which we choose should have the liquiditiy so that we can easily buy and sell the coins. The exchnage which has no or less liquidity means that there are very few people using that exchange as there are too few orders on the order book. We should only use the exchanges with high liquidity and have gainied good trust amoung the traders. Binance, kocoin and ftx are the one which i normally use and have faced no issues so far. Title: Re: Choosing the right exchange Post by: AakZaki on February 02, 2022, 09:53:32 PM Kucoin or Binance are both large exchanges, have high credibility and have many users. Since the beginning of the release I already have a Kucoin account as well as a Binance. Both highly recommended exchanges with lots of features and easy ways to withdraw and deposit, as well as constantly improving security. There are many other exchanges, but the ones I use are Kucoin and Binance and there are a few others.
Title: Re: Choosing the right exchange Post by: Mahanton on February 02, 2022, 09:59:21 PM KYC implementation on binance is considerable knowing that they are just following what the law required them to do and besides they are high reputable exchange so I guess their existing and old traders will not care or worry about the new changes happen on their trading platform. Also my second option here is Kucoin and so far they didn't ask me to submit those details and the coins and can trade smoothly at them. Maybe that is why Binance uses a high KYC implementation for some people and makes them uncomfortable. I consider that Binance verification is like the other not too strict exchanges. Still, KuCoin can be another option for traders as KuCoin does not apply strict KYC verification. That is why KuCoin can be bigger in the future as they have similar features like Binance and have many coins. Maybe people need to check on HotBit, as this exchange is active so they will have another option besides KuCoin.since you do trust up much with the company itself which had been doing good for couple of years.Im not saying its 100% safe but as long i could really make use of their platform for my benefit then it wouldnt really be an issue for me to deal with. Title: Re: Choosing the right exchange Post by: Shasha80 on February 02, 2022, 10:17:34 PM KYC implementation on binance is considerable knowing that they are just following what the law required them to do and besides they are high reputable exchange so I guess their existing and old traders will not care or worry about the new changes happen on their trading platform. Also my second option here is Kucoin and so far they didn't ask me to submit those details and the coins and can trade smoothly at them. Maybe that is why Binance uses a high KYC implementation for some people and makes them uncomfortable. I consider that Binance verification is like the other not too strict exchanges. Still, KuCoin can be another option for traders as KuCoin does not apply strict KYC verification. That is why KuCoin can be bigger in the future as they have similar features like Binance and have many coins. Maybe people need to check on HotBit, as this exchange is active so they will have another option besides KuCoin.I've had bad experiences with choosing the wrong exchanges to trade, from that experience I learned to be careful when choosing which exchanges to use. In fact, based on my investigation, many exchanges circulating today have fake volume and that is detrimental to their users. I've actually been comfortable using Binance for the past few years for trading. But after my country considered Binance illegal and I had to access Binance by using a VPN, then after that Binance requires all its users to do KYC. It ended up making me uncomfortable using Binance anymore, but it's not that Binance is bad, it's just that I'm not comfortable using Binance anymore. Fortunately many people close to me recommend KuCoin and I have been actively trading on KuCoin in the last few months. So far KuCoin has made me quite comfortable, the features that KuCoin has are also quite complete and security is also quite good. So KuCoin can indeed be a good alternative to Binance in my opinion. Regarding HotBit I've heard of it, but to be honest I don't really know about HotBit. But if you think it's good, I'll try to check it if I have free time, who knows HotBit can make me comfortable to trade. Title: Re: Choosing the right exchange Post by: michellee on February 03, 2022, 04:17:08 AM I have sent out some id's and the verification went smooth and i could make use of their service everything just like before.Im not really that scared on exposing those information As long as you trust the exchange and know that they can protect the customer data, you do not have to be afraid or worry about anything. I am sure the exchange will take care of their customer data as they will not something bad happens. Yes, it is not 100% when it is sent to the internet, but we can minimize the risk by only send to the trusty third party.since you do trust up much with the company itself which had been doing good for couple of years.Im not saying its 100% safe but as long i could really make use of their platform for my benefit then it wouldnt really be an issue for me to deal with. I've had bad experiences with choosing the wrong exchanges to trade, from that experience I learned to be careful when choosing which exchanges Many exchanges have fake volumes, but if we do not register on the new exchanges or are not sure about the exchange, we can avoid making a mistake. Yeah, Binance has become strictly related to the country's regulations, causing some people to have difficulty using Binance. But you are lucky to have good friends who suggested using KuCoin to trade and yes, KuCoin can be an alternative if we feel Binance is not comfortable anymore.to use. In fact, based on my investigation, many exchanges circulating today have fake volume and that is detrimental to their users. I've actually been comfortable using Binance for the past few years for trading. But after my country considered Binance illegal and I had to access Binance by using a VPN, then after that Binance requires all its users to do KYC. It ended up making me uncomfortable using Binance anymore, but it's not that Binance is bad, it's just that I'm not comfortable using Binance anymore. Fortunately many people close to me recommend KuCoin and I have been actively trading on KuCoin in the last few months. So far KuCoin has made me quite comfortable, the features that KuCoin has are also quite complete and security is also quite good. So KuCoin can indeed be a good alternative to Binance in my opinion. Regarding HotBit I've heard of it, but to be honest I don't really know about HotBit. But if you think it's good, I'll try to check it if I have free time, who knows HotBit can make me comfortable to trade. HotBit is another good exchange for me and so far, I do not have any problem and do not want to get the problem. I read on their site that HotBit does not require KYC when you register, trade, and withdraw. You will provide KYC if you reset Google Authenticator Verification, SMS verification and change Email Verification. Title: Re: Choosing the right exchange Post by: Chato1977 on February 03, 2022, 05:37:27 AM I am wondering why Binance exchange is not part of this journey ? instead of Gate.io why not choose Binance instead?
anyway that is your funds and you are the one can decide , but if i were you try to use binance for more safer and features like staking and other good offers . Title: Re: Choosing the right exchange Post by: Alisha FR on February 03, 2022, 07:03:57 AM Hi all, I'm preparing my limit order for this altcoin and since the marketcap is only 170 million and my order might be big for this marketcap, I am afraid that my low bid order might not get filled if there is a wick down. So I'm deciding between 2 exchanges: Kucoin with 1.2 million USD volume (per 24 hour) and Gate.IO with 200k USD volume. The goal is to have the highest chance for getting my low bid order filled, especially because my order will be big (I think). I thought that Kucoin might be better for this, since the volume is way higher. But I have observed both exchanges for 2 days now and often Gate.IO has a lower price and also seems to have more units on sale. Is that possible, despite Kucoin having a way higher volume? Or am I reading it wrong? Please see this image of both the order books: https://i.ibb.co/4ZfjL7b/orderbook.jpg The white one is of Gate.IO and the black one of Kucoin. The total amount of coins is listed under ''cum'' on Gate.IO and ''Total'' on Kucoin. As you can see for the price of 12.287 for example there are only around 46 units to be sold on Kucoin and around 940 units on Gate.IO. Am I reading this correctly and thus at this time at least, Gate.IO is better for my goal of having the most chance of my low bid order to get filled? Thanks in advance! when I saw the Gate.IO market honestly full of doubts, because the worst trading experience I've ever had on the Gate.IO market by misjudging trust which is very vulnerable to process failure but the coins I have don't come back and I feel cheated. not only that the price listed on the Gate.IO market also does not meet the volume or capacity limit orders with large capacities which will lead to losses because they are trapped by the initial value. think again Title: Re: Choosing the right exchange Post by: lixer on February 03, 2022, 11:23:49 AM I am wondering why Binance exchange is not part of this journey ? instead of Gate.io why not choose Binance instead? We do not know maybe he did not include binance in the choices because we all know how strict binance is when it comes to trading on their website and they require a KYC so maybe this is the reason why the op is avoiding it but for the other exchanges like kucoin and gate, these exchanges were maybe less stricter and I heard that you do not need to do a KYC for a basic level or basic trade in kucoin but I am not sure about gate if they have almost the same rule as I never tried trading on this exchange yet.anyway that is your funds and you are the one can decide , but if i were you try to use binance for more safer and features like staking and other good offers . The advantage of using binance is like you said more safer but staking? Staking is also available on many exchanges but most of all is the volume's in binance is very high. Title: Re: Choosing the right exchange Post by: teosanru on February 03, 2022, 06:11:03 PM Hi all, I can tell about Kucoin for sure, no matter how much daily volume you see, the moment you will be entering your order, the order book would automatically change, all these are just bot orders created by the exchange itself to make the order books look hefty, Your order if it's large will only get completed once you there is a huge volume from the other side. All these exchanges are pretty bad when it comes to liquidity, especially in alts, if your order is anywhere above $500, you won't be able to sell it at your desired price, or the price in the market or even the highest price in the order book, best you would get is 0.5-1% below the current price because you'll have to eat the whole order book. I'm preparing my limit order for this altcoin and since the marketcap is only 170 million and my order might be big for this marketcap, I am afraid that my low bid order might not get filled if there is a wick down. So I'm deciding between 2 exchanges: Kucoin with 1.2 million USD volume (per 24 hour) and Gate.IO with 200k USD volume. The goal is to have the highest chance for getting my low bid order filled, especially because my order will be big (I think). I thought that Kucoin might be better for this, since the volume is way higher. But I have observed both exchanges for 2 days now and often Gate.IO has a lower price and also seems to have more units on sale. Is that possible, despite Kucoin having a way higher volume? Or am I reading it wrong? Please see this image of both the order books: https://i.ibb.co/4ZfjL7b/orderbook.jpg The white one is of Gate.IO and the black one of Kucoin. The total amount of coins is listed under ''cum'' on Gate.IO and ''Total'' on Kucoin. As you can see for the price of 12.287 for example there are only around 46 units to be sold on Kucoin and around 940 units on Gate.IO. Am I reading this correctly and thus at this time at least, Gate.IO is better for my goal of having the most chance of my low bid order to get filled? Thanks in advance! Title: Re: Choosing the right exchange Post by: Mahanton on February 03, 2022, 08:51:20 PM Hi all, I can tell about Kucoin for sure, no matter how much daily volume you see, the moment you will be entering your order, the order book would automatically change, all these are just bot orders created by the exchange itself to make the order books look hefty, Your order if it's large will only get completed once you there is a huge volume from the other side. All these exchanges are pretty bad when it comes to liquidity, especially in alts, if your order is anywhere above $500, you won't be able to sell it at your desired price, or the price in the market or even the highest price in the order book, best you would get is 0.5-1% below the current price because you'll have to eat the whole order book. I'm preparing my limit order for this altcoin and since the marketcap is only 170 million and my order might be big for this marketcap, I am afraid that my low bid order might not get filled if there is a wick down. So I'm deciding between 2 exchanges: Kucoin with 1.2 million USD volume (per 24 hour) and Gate.IO with 200k USD volume. The goal is to have the highest chance for getting my low bid order filled, especially because my order will be big (I think). I thought that Kucoin might be better for this, since the volume is way higher. But I have observed both exchanges for 2 days now and often Gate.IO has a lower price and also seems to have more units on sale. Is that possible, despite Kucoin having a way higher volume? Or am I reading it wrong? Please see this image of both the order books: ~ The white one is of Gate.IO and the black one of Kucoin. The total amount of coins is listed under ''cum'' on Gate.IO and ''Total'' on Kucoin. As you can see for the price of 12.287 for example there are only around 46 units to be sold on Kucoin and around 940 units on Gate.IO. Am I reading this correctly and thus at this time at least, Gate.IO is better for my goal of having the most chance of my low bid order to get filled? Thanks in advance! THis is why you should really be fast on making out order execution and dont expect that if you do set out prices which is way too low or high then it couldnt really be that be filled immediately no matter what exchange you would really be dealing with and you should be aware on this basic principle. Title: Re: Choosing the right exchange Post by: Sweetbtc on February 12, 2022, 01:50:11 PM Once you discover associate degree exchange that meets your basic necessities, check these different aspects as well:
Security: Technology: — The exchange's net address ought to begin with HTTPS. ... Legal aspects: ... Transparency: ... Liquidity: ... Fees: ... User experience: ... Recommended cryptocurrency exchanges and brokers. Title: Re: Choosing the right exchange Post by: CaVO32 on February 12, 2022, 02:32:22 PM r I think not an exchange but also some coin only have lower volume transaction, maybe except Binance all coin have higher volume transaction above $300,000. I see several coin on Kucoin exchange market have less volume transaction above $300 between sell and buy order, if try for arbitrage not enough good reason without volume transaction, maybe the problem with coin developer only and not an exchange of Kucoin market trouble.Some exchanges have orders filled with lower price but when you take a look at the volume of those orders it will be less than 1% or simply created by the exchange itself to give more trading volume to coin tacking sites so I always say go with the Kucoin which is reputable and you don't need to worry about your order stuck forever. Certainly, it is not about the exchange but the coin itself. The trading volume will be good if the project is also good and has actual use case in the market. As we noticed, most coins without reason to exist, are finding it hard to improve their liquidity in the market. Most of the time, the dev team itself is the one creating the liquidity if they can't attract traders. And you will see it right away because they can't sustain its market. Whether, kucoin or binance or other small crypto-exchange, it is better to choose a valuable coin rather than go for a small cap coin, which is about to lose its value in the market. Title: Re: Choosing the right exchange Post by: RealMalatesta on February 12, 2022, 06:41:45 PM Certainly, it is not about the exchange but the coin itself. The trading volume will be good if the project is also good and has actual use case in the market. As we noticed, most coins without reason to exist, are finding it hard to improve their liquidity in the market. Most of the time, the dev team itself is the one creating the liquidity if they can't attract traders. And you will see it right away because they can't sustain its market. Whether, kucoin or binance or other small crypto-exchange, it is better to choose a valuable coin rather than go for a small cap coin, which is about to lose its value in the market. This is 100% true, you could have a coin that could be disturbed with a small amount on Binance, check the lowest traded one and I am sure it is not really traded all that much, whereas check the small or medium range places and you will see the top one (usually btc/usdt) will not be disturbed even in those small places.I have seen a place with around 4 million dollars trading volume total, and it had around 120 pairs, btc/usdt was around 3.2 million dollars there, so guess how the tiniest ones were, the smalls one had like 100-200 dollars volume. So, I have to say that it is not really that much of a problem of the exchange but problem of the pair. Title: Re: Choosing the right exchange Post by: rojan on February 13, 2022, 02:26:00 PM Binance is a very popular exchanger. In addition to this there are two exchanges of Kucoin I have been using for a long time. In this exchange, I have been using Binance more. For a long time The reason I like Binance so much is because I do all the transactions at Binance.
Binance kyc must be done. Transactions cannot be done without kyc. Title: Re: Choosing the right exchange Post by: Benefactor on February 13, 2022, 03:49:04 PM On the off chance that I were you mate attempt binance on the off chance that it's not limited to your country wherein to guarantee your capital is in a protected spot too, its an exceptionally gotten stage so most likely a decent decision than gate.io. I would propose you to find the genuine exchange with some other coin wherein the costs will change yet essentially purchasers and merchants ought to purchase and selling around the market cost.
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