My ideal exchange has the following features:
Multiple security options like 2FA available to combat hackers, block new IPs from logging in, etc. Plenty of sites email me when a login's been detected from a new IP, but a number of the ones I am registered on don't actually require you to authorize the login through a link on the email.
Must have a physical location. Most but not all exchanges that don't have physical locations are scams, especially newer ones.
Liquidity
Good support for whenever things go wrong like deposits, trades, etc.
Reasonable withdrawal fees and trading fees. I typically don't do lots of small withdrawals from exchanges so fees aren't usually a problem for me, but the fees add up over time. Some sites also have pretty high trade fees, which most people don't initially notice when signing up for an exchange.
many exchanges already have this criteria , how would you choose between them ? |
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I need only one thing-my private keys.  All the other stuff,like liquidity,low transaction fees,good customer support,etc. are important as well,but you know the saying."If you don't own the private keys,you don't own the coins." High level of security is the most important thing because many centralized has been hack, and second one is they should be have insurance to avoid member lossing money incase the exchange get hack or others bad issue. Crypto exchange also should be have fully regulation to avoid ban from the goverment. Alot of centralized exchange been operated but less decentralized exchange, even though alot of trader want to use decentralized exchange because we have the private key so that mean we have full control with our funds.
i believe that multi-sig wallets will do the trick for you . right ? |
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Security is definitely the most important factor or if money is stolen, it would be fair to refund it from their frozen balance.
Secondly, it may be decentralization. So managing our exchange wallet with private key is fair. Exchange is like a prison, ''restrictive''.
Im looking for exchanges site who are have support daily and the security is very secure and the features will be updated everymonth and the withdrawals is instant and the deposited is only takes only 1 confirmation to use it and also the withdrawa fees and I think if that cryptocurrency exchanges site have that for surr most trader will be register and trade to them and Binance is the most perfect example for that who are the most trusted and popular exchanges site in crypto community.
so security is a big factor , but how can you determine if an exchange is fully secure or not !! and would u prefer semi-secure centralized exchange with lots of features or fully secure decentralized one with few features ?! |
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After the main things already written are met, some nice additions can be low fees, margin trading, lending and, why not, web wallets and debit cards.
Audit for the funds / cold wallets is another interesting thing. Maybe insurance too.
these features are already available in many exchanges ! insurance over customer's funds u mean ? it's interesting Nobody mentioned it, so I'm going to:
What we need when it comes to crypto exchanges is a good Decentralized Exchange (DEX).
All the large centralized exchanges suffer from similar problems, even if they may have good liquidity. So, the crypto space urgently needs some good DEXs. The logic is simple: Decentralized currencies <--> Decentralized Exchanges.
yea,i was looking for someone to talk about the integration of blockchain technology in the crypto exchange as it's the essence of them ! so aside from liquity what are u looking for in a decentralized exchange giving their limitation when it comes to trading ? |
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No need to look further, we have big exchanges with high liquidity so no need to look for more. I personally use binance, bittrex and hitbtc.
I list some though these are common things that we should look up to.
• Privacy
• Security
• Liquidity
• 24/7 support
• Instant deposit and withdrawal
How can you measure this criteria , how can you be sure of their privacy and their security as all exchanges promise that then they get hacked !! Also,what about other features you are looking for that if implemented you would consider using in a new exchange ? |
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Hey everyone,
for all crypto traders , what do you think we need most in a crypto exchange ! right now there are thousands of them but how can you choose which one you trade on ? and what existing exchanges lack of ?
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i totally agree with you , Etherum won't die , what we have experienced regarding its decline in price was only due to rumors and whales manipulation .
Right now , over 90% of new projects are based on Etherum , that tells us this coin has the potential to grow further and occupy the second position right after bitcoin.
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i'm assuming that you have tons of social media accounts and use them to join the bounties . believe me that's just a waste of time .Eventually after those bounties end , you will see that at least half of them were scam and other half giving you cents , i mean it social media bounties are the lowest because it's the easiest . you should consider spending more time to search for the good projects only and use the time to do more useful things .
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people who say that it's harmless to join every airdrop even if they are sure it's totally a scam , think again !
now it's the easiest way to collect free and valuable data is to make fake airdrop , stop looking blindly for free money . there are even more greedy airdrops that require KYC and people still fall for this and then complain about fraud !!
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why doesn't it have to be a new exchange , i think the older it gets , the more turst-worthy it would be . you should look for exchanges with high volume trading like binance for example also if you wanna trade in non-famous alts you should look for decentralized exchanges like etherdelta . it all depends on what you need.
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i don't think meditation is the way to keep yourself from FOMO ! when i first started trading in cryptocurrency i felt in this trap a lot then after losing money i learned my lesson in the hard way . i think one have to lose to learn how to trade properly. Anyway FOMO is better than selling in loss as in the long term all alts are going up eventually and you will make profits no matter where you buy
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in depends on your trading style , some people like to preserve their profits by buying USDT pairs , others like to wait and buy the same coin again once a correction occurs . Personally, i just take the net profits and put it in another coin and my main capital of certain coin i buy again once it's low . that way i'm diversify my portfolio plus increasing its value.
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good call , but you should never be such sure about any of your signals . market is highly unstable and once it get 50 dollars up , it comes back 100 dollars back ! i think we should hold trading on alts for the moment until we can see a clear path where bitcoin is going maybe by the end of this year.
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Its really simple just requires 3 steps
1: Find a genie lamp
2: Clean the genie lamp
3: Use one of your wishes for a free developer that will do anything for you!!
its that simple!!
you have too look for people that are:
1. financially indepdentent or secured, (like westerners)
2. are angry about something (like banking cartels)
3. are bored play video games and want to do something
thats how satoshi found his free developer team
regards
no need to be sarcastic , the developers will be co-founds and i'll handle management and marketing for free too ! it's just everyone will do his part without money at first until we make the project running then we all split the profits win-win situation |
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It's even hard to blockchain developers and how are you looking for free ones? The only deal I can see here is to have friends who share your idea and are happy to work on it to unleash their skills/potential.
Doesn't your university offer investment of valuable startups? This way they can hire people for you, otherwise I highly doubt anyone will work for you for free.
unfortunately, my university doesn't offer that ! i'm looking for people to work with me not for me ! they will have the same privilege i'll have |
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Hey fellow members ,
i'm currently master's student in general management and have an idea for a startup in blockchain industry . i have the management and marketing skills required ,but still lack some developers to be a part of the team . i don't have the budget to hire someone to do the technical stuff . i need people to be part of the team in exchange for shares . where can i find those people ?!
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personally , i use both . crypto is like my long-term investments i buy and store in offline wallets for some time to get better ROI than banks
However, i need a bank account with some liquid money to but regular stuff ,rent ,..etc . with crypto you can't do that as volatility of the prices won't be on your side.
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what you are saying is perfect in ideal world and on paper only , i saw a lot of people before entering trading and investing and say we will have patients and once they saw huge profits like 3x they doubled their investments right away to gain more profits it's simply human nature !
you have to lose money to learn no other way . people who keep reading and think yes i found the holy grail , once they get their hands dirty they will change the behavior.
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i like people who consider other sorts of investments instead of just buying some coins and leave them . last year i was very interested to make my first masternodes but the great ones like DASH (my dream) is ridiculously expensive !! . can i ask how much do this masternodes cost you and what's their average ROI . i already have one masternode (Payfair) nice project you should have a look at it .
Also, what's your criteria when choosing the masternode ?!
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blockchain is the evolutionary technology we are looking to , cryptocurrency is just a form where this technology can be implemented .
people have to know the difference between them if we want this field to grow and expand , blockchain technology has already proved it power especially in bank domain , we hope soon we see other application of this technology in real life.
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