how to choose crypto exchange? 9 main criteria

[btc_love]

here is an article that tells how to choose a crypto exchange. writer compares 4 exchanges and that's not very interesting, but you can also find some good tips there. do you have some additional tips? https://medium.com/@ducktator/9-factors-to-consider-when-choosing-a-non-custodial-crypto-exchange-16a9b2c4d653

[jossiel]

writer compares 4 exchanges and that's not very interesting

Why you are interested if its not very interesting?

do you have some additional tips?

If you are the author of this article, my additional tip to you is go on and add a comparison with most popular exchanges now. Those exchanges as follows:

• Binance
• Kucoin
• Bittrex
• etc.

[bitmover]

The most important about exchanges is to find one with yourfiat/BTC pair
This exchange must be reliable, with quick deposits/withdrawal

Once you find it verify your identity there, buy bitcoins and remove your bitcoins from the exchange immediately (the risk of holding funds in any exchange is too high)

Then if you ever want to buy more BTC or any alt,. Go to that exchange and buy BTC. And change that BTC for alt on binance.

You are not marrying with any exchange, if it looks like the exchange is getting troubles, just move to another one.

If you are in usa or whatever Europe you are in lucky (as always lol). Coinbase, bitstamp, Kraken, many good put there.

[Polina_21]

There are many crypto exchanges where you can buy cryptocurrencies. It is important to choose the right exchange based on your requirements and what's best for you. Some of the factors to consider are:

Choose the exchange that supports buying of coins with fiat
Number of coin pairs available on an exchange
Liquidity: Choose a high liquidity exchange where you will get a better price
Trading fees: Check the buying and selling fees on the exchange and choose the one which is relatively better than other exchanges.
Security: Check the security measures implemented on an exchange like keeping the coins on cold storage, availability of 2 FA option etc.
Ease of use: It should be easy to buy/sell cryptos without any confusions.
Customer support: It should provide a good and fast support where your issues will be resolved faster.

[Rose_btc]

Firstly, the heading of the topic says "how to choose crypto exchange?" But, the article speaks only about Non-custodial exchanges.

OP great article with detailed explanation.

There are many crypto exchanges where you can buy cryptocurrencies. It is important to choose the right exchange based on your requirements and what's best for you. Some of the factors to consider are:

Choose the exchange that supports buying of coins with fiat
Number of coin pairs available on an exchange
Ease of use: It should be easy to buy/sell cryptos without any confusions.

I kind of have a different though on this. If you see at Bitmex it has limited coins available, only XBT deposit and withdrawal, There is no buying or selling still the exchange has a crowd of people using it.

I think it is also the extra features that a exchange provides that makes the exchange stand out of the crowd and gets its customers.

Other features like Security and support yes, they do matter.

[nutella_11]

In my opinion - you should find the exchange which is safe. That's main and the most important criterion to me. Before you register and input your personal data, I recommend you to take a look at the security practices. You can also check the opinions about exchange on the internet. But the safety is the most important! I use CoinDeal because of its security standards like  SSL, mandatory 2FA, email notifications (about login attempt from different IP than usual) or CloudFlare security. Funds are also stored in the cold wallets which is a great superiority.

[Nawrod]

In my opinion - you should find the exchange which is safe. That's main and the most important criterion to me. Before you register and input your personal data, I recommend you to take a look at the security practices. You can also check the opinions about exchange on the internet. But the safety is the most important! I use CoinDeal because of its security standards like  SSL, mandatory 2FA, email notifications (about login attempt from different IP than usual) or CloudFlare security. Funds are also stored in the cold wallets which is a great superiority.

Yes, that's true. Reliable platform is a key to success. I also always underline the importance of security. It's major. CoinDeal is one of the safest exchanges nowadays, I'm sure about that. You can also try Kraken.

[OcTradism]

My personal criteria to choose exchanges are (in descending orders of importance):
- Liquidity
- Past reputation: scam accusation or not; if that exchange has ANN thread in forum, OP has negative trust, active flags or not
- Security history (hacked over its history or not; if yes, how they treated their customers, compensated their customers or not)
- Trading fees: gaps between marker and taker fees.
- Price gaps

[niguezz]

The main aspect i always look on the exchange is security, always security must be first. Unfortunately i have some bad experience with some scammers and exchanges exit scams, so i always take massive precautions before i transfer a single dollar to someone. Find everything you can about the project and if everything looks fine - seek for things you could overlook, like the real addresses, phone numbers, number of people working for an exchange etc.

In my opinion - you should find the exchange which is safe. That's main and the most important criterion to me. Before you register and input your personal data, I recommend you to take a look at the security practices. You can also check the opinions about exchange on the internet. But the safety is the most important! I use CoinDeal because of its security standards like  SSL, mandatory 2FA, email notifications (about login attempt from different IP than usual) or CloudFlare security. Funds are also stored in the cold wallets which is a great superiority.

CoinDeal is doing great with their security. It's not as big exchange as those most popular ones, but i'm more than certain that they will achieve huge success soon - even right now, they've just became available in the US (finally) which is a great step forward. For me the best thing on coindeal are monthly votes, last month i've voted on zcash and it won, yay.

[leowonderful]

You should always be reading reviews about an exchange and potential issues with the exchange(s) you're looking at through users who post about the exchanges on this forum more than elsewhere like Trustpilot; I trust a post here from a reputable member more than 20 other reviews from people on Trustpilot or almost anywhere else, though I hardly ever have to look up the reviews of exchanges because I mostly trade on major exchanges like GDAX and I shy away from smaller exchanges. Just not worth the trouble IMO with all the issues people have with getting scammed and potentially slow support on smaller exchanges.