I'm someone who has never been a fan of controlled environment especially if it I'm not the one controlling my situation. For instance, If I have some money in the bank and they lock me out of the account or something shitty happens, I'd be in a situation where I can't control what happens next. Other reasons why I love Bitcoin / Blockchain / Crypto:

• The thrill: As someone who loves innovation and technology, its thrilling to know how distrubuted systems like the blockchain work automously and still reach consensus. Amazing stuff.
• Permissionless Identify and activities.
• Money as motivator   - there's ton of opportunities in the space and it's permissionless to participate.

Of course, there are other reasons but I'd like to keep the list short here.

Well aside the financial freedom I’ll enjoy, another strategic area I’ll talk about is Privacy and Security that got me attracted to cryptocurrency was the heightened levels of privacy and security it offers. The thing here is Unlike traditional financial systems, where personal information is required for every transaction, cryptocurrency allows for more anonymous transactions. By employing blockchain technology, cryptocurrencies ensure that transactions are secure, transparent, and immutable. This element of privacy resonates greatly with me and gives me peace of mind that my financial transactions will not be exploited or tracked.

These are the reasons and personal considerations I take into account before adopting and choosing a cryptocurrency exchange: Firstly, security is of the utmost importance, followed by regulation and KYC compliance. Next, I consider the user interface and user experience, followed by trading fees, supported cryptocurrencies, liquidity, customer support, proof of reserves, community reputation, and, finally, geographical restrictions.

One of the main things I look for is the payment options. If i'll be using an exchange to convert my coins into cash, I prefer them to have the payment option I need.

The first one i've used was a local exchange, they were more than enough back then, but their regular KYC checks discouraged me from using their services. After that, I moved to Paxful, i've used them until my non-verified account was close to its trading limit. Now, i'm using Binance for several months and it's good enough for me to get the job done.

Unfortunately I am using exchange which is now having mandatory KYC but if you are not from US then definitely you can consider Huobi Global which is the only decent exchange which is yet to have mandatory KYC but sooner or later every centralized exchange will have KYC as mandatory and it becomes unavoidable due to the policy changes across the world.

Also keep in mind even if you are using centralized exchange where there is no KYC required still the platform can hold your account and ask for verification at any time.

I'm not sure if really the CEXs are introducing or like opening a feature on this, but mostly I've noticed it is the traders that are really making their own bot or purchasing it from others, as I've not known that those CEX are having it, and how do they do it, meaning it works the same algorithm as others because making a bot needs a set of procedures. Therefore, most of those traders that make their own bot customize it to their own strategy and style; they just automate it.

Proof?

a friend of mine who is not up to my standard in technical analysis has been making huge profit daily with AI bot trading just because he has the mind to take risk and use AI bot.

It was only a matter of time...but what should be done, is the conditions that the AI bot is using should be open-sourced...otherwise, how do we know what exactly the AI is programmed to do? If you aren't controlling it eithef, then what isbthe actual action for the user - just investing in the AI bot pool? I have to read more about this...

Also there are exchanges that offers loss protection on their bot, users get loss protection fund in any situation of loss. This might be an opportunity to explore.

Let me know your view regarding the trading bot and if you know any exchange with such feature yet also with loss protection fund on users loss.

Maybe the newbies in cryptocurrency can get freaked of their moves in such manners, this is their first time to experience them making claims on profitability.


Exchanges do not need to advertise trading features for people to use, traders are aware of them all, beginners are those that needed more information on that and those that best fit in making such adverts are the crypto influencers, exchanges will rather be busy updating you on the newly introduced digital currencies so you could invest


There's nothing called opportunity there, exchanges cannot introduce you with what will make them loose over you while you're  winning, they are their to make money even at your expense.

Let me know your view regarding the trading bot and if you know any exchange with such feature yet also with loss protection fund on users loss.

Really? So, Since CEXs are already adopting this AI Trading, Maybe I will use it then. I also came across one on Bitget with 100 USDT loss protection fund. I will try the it own as there is a protection fund for it.

Maybe the newbies in cryptocurrency can get freaked of their moves in such manners, this is their first time to experience them making claims on profitability.


Exchanges do not need to advertise trading features for people to use, traders are aware of them all, beginners are those that needed more information on that and those that best fit in making such adverts are the crypto influencers, exchanges will rather be busy updating you on the newly introduced digital currencies so you could invest


There's nothing called opportunity there, exchanges cannot introduce you with what will make them loose over you while you're  winning, they are their to make money even at your expense.


I will advise you DYOR, there's nothing like you making your findings and deciding for yourself, everything takes risk when it comes to trading, this post should be on trading discussion board please.

We already have alot of users here who are already trading with AI and there have been alot of sucesss recorded within the apace of time and we all are glad about rhat, but just like casinos have prevented the usage of bots or other nonhuman activities, but CEX has indeed been a major player in AI transaction and trading.

If all things continue to be equal, AI will continue to be profitable on CEX more than on casinos even though both of them are looking for ways to get his money too

BOTs always depend on the programming that is done, there is nothing new there, not all the bots that operate in the exchanges use AI, really important is that, also in small letters they tell you "be careful you can lose all your funds". If you operate with AI is not a result of not losing money.

AI trading might be gaining traction recently but it has been in existence before now, although it was only offered by some group of companies. I feel more comfortable using it on credible CEXes, and I guess people feel more comfortable too using them in CEXes, hence the increased adoption.

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AI is way more efficient than humans rn. It can profit from tiny price changes super quickly. Most probably, traders will adopt AI-powered trading soon

It’s very hard to find nowadays a CEX that doesn’t require KYC especially if you want to use P2P feature of exchange to convert your crypto to fiat and vice versa.

Bybit is the most easy user interface for me next to Binance because it’s features is very easy to understand and it doesn’t have too much function options compared to Binance. There's a Binance Lite feature but the user interface is too plain and simple which some function is not available. Bybit is the most balance exchange for me.

I actually don't like a CEX exchange because when you have no control on your assets it's in danger. So using a custodial wallet from an Exchange is the most risky for your funds. You may see sudden ban or locked your transection or they can ask you to verify again. That's why I will suggest to use Bisq Network decentralized exchange for the best security.

Even I use Centralized Exchanges for trading and I follow these to choose a perfect one:

1. Must have a great reputation and a good customer service.
2. Exchange should have a user-friendly interface and everything is easy to accessable.
3. Exchange should not have a bad experience or history in past like it has been hacked before. But I can compromise if users aren't affected like FTX.com or not a major attack.
4. Must have P2P features to cash out my profits easily.
5. KYC should not be implemented but I have to problem to do KYC if exchange is very perfect for me and trustworthy.

So observing all of these I mostly use Binance and for some trading reason I try to use ByBit. Though I have compromised some of my requirements but they are enough trustworthy to use. But I never store funds in Exchanges for long term because we don't know what will happen in future. So that's all about my observations And I hope you guys will also have some requirements but I will not suggest to use any suspicious exchanges with lower reputation though it offers lower trading fees or anything else.

No mandatory or relaxed KYC is one of the top reasons along with high liquidity and no freezing or downtimes during flash market pumps or dumps especially for us who like trading derivatives, but the list of such good exchanges is shrinking so fast.

I used to like Kucoin, Bitmex, Binance, Bybit, Okx back them, but now the perspective has changed mostly because of KYC. As for FTX, I think we all know what happened.