 Show Posts
|
|
Pages: [1] 2 3 »
|
That's a good post you put up there, I have been trading with kucoin because i like the security been implemented on the exchange but I will soon move away from trading with them because of the KYC they want to implement soon. So i think for newbies it's good to always good with top volume exchanges and Bianance is good for any newbie to start with.
Well.. KYC shows its security level, don't hate it  |
|
|
|
What do you mean by trading exchange for newbies? All exchanges are for everybody and no restrictions to a particular rank of bitcointalk. However, what you should have say is that newbies need experience on how to trade in exchange.
A simple exchanges report for their reference only, they can found info here without actually use all of them  |
|
|
|
yes, Bittrex is one of the things I like the most, when I first learned about cryptocurrency trading, I also used Bittrex as a start, easy usage, familiar interface, KYC was not too difficult, withdrawal that was quickly processed was the factor that made this exchange I like it the most
I think Bittrex is too fast for them. maybe it's better they start at liqui, or at idex. Well, both markets are where I learn to trade. and maybe this will be useful, as someone who is not so great at trading, it is better to use minimal funds. Why too fast? I think its easy to use |
|
|
|
yes, Bittrex is one of the things I like the most, when I first learned about cryptocurrency trading, I also used Bittrex as a start, easy usage, familiar interface, KYC was not too difficult, withdrawal that was quickly processed was the factor that made this exchange I like it the most
Well you really love it! Add yr point on #1 already |
|
|
|
Your List will be perfect for the newbie if you remove Bithumb exchange name! It is not a good exchange mate, Users are not safe there! then why you will go there where you have plenty of options to exchange your coins? Though This is your personal list, still Bithumb name you may remove and you should add bittrex name or Bibox Exchange name in the list. Bithumb attacked by the hackers two times in this year and more than 30 Million USD was taken!
Thanks for yr recommendation, I have added a strikethrough on it. But still leave its info here for reference  Bittrex is right here, haha. what you feel on Bibox? |
|
|
|
If you are new to crypto trading, and looking for a platform to trade, here are some platforms I use. Share with all of you~~ Criteria:- Volume
- Secure level
- Liquidity
- Commission fee
- Listing coins
Options:1. Binance: Strongly and Most recommended! stable, High Vol, safe, liquidity, commission fee cheap, user friendly (apps & web) 2. Bitfinex: Stable, not many coins available (ps. Required for 10k deposit)Here is some Korea Exchanges, selling price relatively higher, recommend to sell them here.3. Bithumb: High Vol, Not highly secure (ps:security issue happened, consider well if you really want to use!!)4. Upbit : Not much volume as Bithumb but no problems so far *******Additional information************ 5. Bittrex - Recommended by FlamingFingers: High Vol, No security issue ever, simple to use 6. Poloniex - Recommended by Reid: Long history, safe, speedy, Lower withdrawal fees(50k sats) - Not recommended by elewton: laggy, needs KYC every time 7. Kucoin - Recommended by Miro22 and CodyAlfaridzi: Relatively new and small, but doing well on user experience 8. Bitmex - Recommended by CodyAlfaridzi: provide leverage, margin service, high vol, No need KYC. FAQ:Why do we need to use several platforms? For stable and profitable work in the future, any trader will need several exchanges for several reasons:
1. There are different trading pairs on different exchanges.
2. On some exchanges there is direct input of fiat (sometimes it is very important and convenient).
3. Sometimes all exchanges conduct technical work. Using several exchanges, you will be able to trade even if some of them will conduct technical work.
4. Sometimes exchanges are exposed to hacker attacks. Therefore, you need several exchanges, this will give you the opportunity to always have access to at least part of your deposit.
5. Different exchange rates. Sometimes the exchange rate of a particular currency is very different from the exchange rate on another exchange, so you can profitably sell and buy the currency back.
Thanks EXtremeAEX for information Welcome to other suggestion I really like the way you put up this topic, newbies should really know what exchanger to use and stop making the mistakes of running into fake exchangers that zoom off with their money at last. The exchangers listed here are old and reliable, except Kucoin which is still new but still recommended by many. Another thing newbies need to know is that they shouldn’t only store their coins on exchangers, they should have their own wallets where they store majority of their coins, exchangers can get hacked. Hope to help somebody from what we have experienced Wallet is a great topic too, hope to share in next post  |
|
|
|
Good article. I only use Binance,Biitrex, and kucoin. among them Binance is best.its has huge volume and sequrity level is also good. after binance I use bittrex and 3rdly I like to use kucoin.kucoin added new coin mostly and its a news exchange site.
Yes, trade on different exchanges on different needs! thats what i want to talk abt:P |
|
|
|
When i sign up to Bitfinex , they required minimum deposit $10k and this is very different with others exchanges that allow trader to make deposit by minimum coin equivalent $10 or $30. $10k big number for newbies trader, between all that exchanges i used Binance, Bittrex and Poloniex. Bittrex and Poloniex is first exchanges that i used for crypto trading 2 years ago. We have to use several different exchange to minimize risk from issue of hack.
Yeah Bitfinex needs more deposit, this is a great point! I add it on #1 thanks;D |
|
|
|
What i don't understand is, what do you pay attention to when you invest money to the token/coin? to exchange? Nowadays there are so many potential token that none of them is in the first 10 exchange. In my opinion, it is sufficient that the exchanges aren't scam and have a small fee.
I know what you mean. Listing on top exchange needs listing fee and pass many criteria, it's reality. But we all know that, it is the more easy way for exchange to classify whether the tokens trustworthy or not. For us, we can trust those exchange if they have a strict policy on listing icon. |
|
|
|
Where is poloniex?
That is one also of the longest running trading platform. Although I do not like how they are managing their customer service, they are still trustworthy when it comes to payment fees and also speed.
Mostly before, trading platforms have 100k sats withdrawal fees and poloniex is just the with a 50k sats fees.
I think poloniex is a bit complex for newbie, it more welcomed by PIs as it highly secure. Many retailers complain on its KYC is too annoying. What do you think? |
|
|
|
Your List will be perfect for the newbie if you remove Bithumb exchange name! It is not a good exchange mate, Users are not safe there then why you will go there where you have plenty of options to exchange your coins? Though This is your personal list, still Bithumb name you may remove and you should add bittrex name or Bibox Exchange name in the list.
Bittrex has on now I haven’t used Bibox before, how it’s attractive? |
|
|
|
To be honest, I would stay as far away from Bithumb as possible. Too many security breaches (at least two successful hacks) and more than USD$31 Million stolen by hackers (that's the disclosed number; who knows how much hackers had stolen in 2017). That's not an ideal platform to put your money on to, in my humble opinion.
I would add Bittrex as well—trading for two years on that exchange, and never had an issue, it is one of the top.
You are right. I Don't know why everyone suggests and supports Bithumb exchange. Such a bad crypto exchanger it is. This exchange already hacked two times this year, and hackers took 31 Million USD, We can see another hack in this year, who knows. Bittrex is far better than this overrated exchange! I will never trade in this exchange because I don't believe, even they can steal user's money and then announce hacker hacked everything! We really don't know about it. Bithumb was a great platform... I use it for a period as loyalty or something I will take it out of the list, thanks for sharing! |
|
|
|
binance is very good i trade there every day. with a large volume it is very good to pump prices quickly for a 1-2% profit a day that is very possible in binance. i love binance  Hahahaha I love Binance too! Really ideal platform so far, looking on their own block chain |
|
|
|
If you are new to crypto trading, and looking for a platform to trade, here are some platforms I use. Share with all of you 1. Binance (Strongly recommended) 2. Bitfinex (Stable, not many coins available) 3. Bithumb ( ps:security issue happened, consider well) 4. Upbit (Korea exchanges) Welcome to other suggestion *******Additional information************ Recommended by FlamingFingers : Bittrex - 2 years exp. and No issue ever I would recommend KuCoin. Kucoin doesn't have much difference than Binance, just coin availability option. It is a relatively small exchange with good potential. If you have some spare money and looking to invest in some business-backed coin, I suggest you to buy KCS (Kucoin share). One more thing, just in case there's anyone looking for a leveraged trading platform, I highly recommend Bitmex. They are one of the exchanges with the largest volume so no need to worry for liquidity. Another reason to choose Bitmex is that they don't ask for ID verification. You can simply make account, deposit, and start margin trading. Most importantly, they are very trusted. I don’t know Kucoin is that popular! Is it trustworthy? Bitmex almost 100% vol on BTC, not that attractive for me haha |
|
|
|
If you are new to crypto trading, and looking for a platform to trade, here are some platforms I use. Share with all of you 1. Binance (Strongly recommended) 2. Bitfinex (Stable, not many coins available) 3. Bithumb ( ps:security issue happened, consider well) 4. Upbit (Korea exchanges) Welcome to other suggestion *******Additional information************ Recommended by FlamingFingers : Bittrex - 2 years exp. and No issue ever I really do not know much about the last two you mentioned, but for bitfinex and binance, these are good exchanges that have been able to do well over time. I strongly recommend binance as well based on liquidity, trading fees, and then the support which is pretty good for me. The UI too is okay but since I am always using APIs to trade on tabtrader, I usually do not pay so much attention on the exchange UI. For bittrex, based on loyalty, and reputation, this is one exchange I will never stop using, and even though sometimes, the fees in binance has spoiled me, I still feel confident with the bittrex exchange. Last two EX are from Korea, I found they offer a more attractive selling price! I have add info on #1 |
|
|
|
I would also like to add some stand-alone analysis platforms which are way more sophisticated, if you are interested in a more serious crypto analysis. I would suggest tradingview.com which definitely has more technical tools than “standard” ones on the Binance. You can also try tensorcharts.com which in my opinion is one of the best if you know how to perform volume analysis.
Are they more complex? Thank you for sharing, I will take a look |
|
|
|
I am quite confused with the purpose of shards. How can I use it in the market?
I have join their bounty program, they can use if we tran it to TUSD. maybe here can help you  "⚡️ Given the redemption for TUSD is calculated at the rate of 200 Shards = 50 TUSD, learn more about Shards here. " https://bitcointalk.org/index.php?topic=5039615.new#new |
|
|
|
Joined Hope to receive my shards soon! |
|
|
|
I used poloniex ( not recommend because it's doesn't update for a long time. so laggy. everything need KYC). now I'm moving on to Binance. don't need to do KYC things and you still can withdraw 2 btc/day.
Binance need KYC when you withdraw Poloniex is more prudent and too trouble if we trade low vol. , Large vol. trader may love it |
|
|
|
If you are new to crypto trading, and looking for a platform to trade, here are some platforms I use. Share with all of you 1. Binance (Strongly recommended) 2. Bitfinex (Stable, not many coins available) 3. Bithumb ( ps:security issue happened, consider well) 4. Upbit (Korea exchanges) Welcome to other suggestion *******Additional information************ Recommended by FlamingFingers : Bittrex - 2 years exp. and No issue ever Gotta say, almost everyone has Binance in their list and why it wouldn't be after seeing its progress around the world. Bianance CEO is kind enough to spread his business around the globe and already talking with the banks to have the fiat to crypto and crypto to fiat option opened up for the world. I guess there couldn't be better option than this and no exchanger is even thinking about it that way. Binance also came later in the time when others were doing well but still it easily caught the market secured its place in top 3. So yeah surely it is the most recommended exchanger and one can always feel free to start with it before even going anywhere. Yeah, I look forward to they will use their own blockchain soon! |
|
|
|
|
