How to Choose a Stock Exchange?

[sandor111]

Very very informative and useful post for newcomers in cryptocurrency trade. Choose the exchange already have a good reputation in the market and make sure they are supporting many coins. I don't want to use different exchange for each one coin, I'll try to keep them in one place so that I can alter them anytime.

Basically, I look for 4 things when I choose exchange:
1. Trade volume
2. Ranking (Based on coinmarketcap)
3. 2fa security
4. Withdrawl fees (not much important)

Another important factor is Support. On average how long it takes their support team to solve your ticket. This information is difficult to find, you can look at forums, thread dedicated to exchange. But don't believe everything you read there. Some people just spread fake news (maybe they come from competitor exchange) or they are complete noobs so they made mistake by themselves and then they expect that support team will solve their problems.

[BitcoinTurk]

Very very informative and useful post for newcomers in cryptocurrency trade. Choose the exchange already have a good reputation in the market and make sure they are supporting many coins. I don't want to use different exchange for each one coin, I'll try to keep them in one place so that I can alter them anytime.

Basically, I look for 4 things when I choose exchange:
1. Trade volume
2. Ranking (Based on coinmarketcap)
3. 2fa security
4. Withdrawl fees (not much important)

Another important factor is Support. On average how long it takes their support team to solve your ticket. This information is difficult to find, you can look at forums, thread dedicated to exchange. But don't believe everything you read there. Some people just spread fake news (maybe they come from competitor exchange) or they are complete noobs so they made mistake by themselves and then they expect that support team will solve their problems.

Certainly communication is a very important factor. It is important to be able to get a quick response whenever we need to ask any questions or any questions we have. Especially the crypto is worth every second in the money exchanges, so the technical support team in this sector is very important.

[timerland]

Support =/= technical team.

An exchange could have an extravagant design, and the fastest trade engines in the industry, but if it doesn't have a good customer support on which customers are able to depend on, then it's literally good for nothing at all.

That would be my main criteria if I were to choose an exchange, as well. The level of responsiveness from the support team is extremely important. If they are active on social media and answering queries there, then that's bonus points. I would rather use an exchange with a decent support team with small trading volume, than a big exchange with terrible support.

[BitcoinTurk]

Support =/= technical team.

An exchange could have an extravagant design, and the fastest trade engines in the industry, but if it doesn't have a good customer support on which customers are able to depend on, then it's literally good for nothing at all.

That would be my main criteria if I were to choose an exchange, as well. The level of responsiveness from the support team is extremely important. If they are active on social media and answering queries there, then that's bonus points. I would rather use an exchange with a decent support team with small trading volume, than a big exchange with terrible support.

Of course, technical support is a very important factor because it will be the first step to communicating for all kinds of problems and support. For that reason, we have to make a choice by taking this factor into account so that when we have any problems, we will get an easy, fast and quality service.

[ganlianshifu1]

The most important thing I choose to trade is to consider technical security issues. Exchanges without security guarantees must not go!
The second is to consider the issue of fees!
Finally consider the speed of recharge and the speed of the coin!

[GangNamSK]

For some reason I still like to stick with poloniex while I also like binance specially because of the 50% less of the trading fee when you have BNB token. I think this s also what is needed to realized by new traders because transaction fee is getting bigger depending on BTC price. KCS and most probably the recent exchange that I might just be going to is the Midex.

Indeed, the cost of transactions is relatively high. This charge also affects the market. They are thinking they are monopoly units and hardly anybody can replace them. But they have mistakenly will have low-cost and well-received trading floors, of course, high transaction costs will bye bye.