What would you change about crypto Exchanges?

[Bragod]

Hi everyone!

What do you not like about crypto exchanges? What do you think exchanges could do better?

Curious as to what you guys think!

I have been using bitstamp recently - https://revain.org/exchanges/bitstamp. Therefore, I can say that I dont like high fees for deposits on credit cards. A similar trend is observed on all exchanges. The industry has long needed to lower these fees. Otherwise, it will push ordinary people away from using exchanges and cryptocurrencies in general.

[bitcoinst]

First of all, these are inexplicable closures of margin trading positions on such exchanges as Binance, Huobi, Okex and Cucoin. Moreover, this happens with a noticeable periodicity and is not explained in any way by the support of exchanges. I find this behavior predatory.
The second is of course the speed of execution of orders. Sometimes you place an order on the market, and it is not executed because the market flew below or above my order in milliseconds.

[jostorres]

Hi everyone!

What do you not like about crypto exchanges? What do you think exchanges could do better?

Curious as to what you guys think!

I have been using bitstamp recently - https://revain.org/exchanges/bitstamp. Therefore, I can say that I dont like high fees for deposits on credit cards. A similar trend is observed on all exchanges. The industry has long needed to lower these fees. Otherwise, it will push ordinary people away from using exchanges and cryptocurrencies in general.

If we talk now, people would say that enough of all these binance hype which truth must be told and I will say it always, I don’t know where you guy just pick some of these exchanges from and then decide to use it when we have so many popular exchanges that you know their fee can never be as high as these upcoming ones.

You cannot generalize that all exchanges have low fee on credit card transaction and trading fee because not all of them does, there are so many big exchanges like binance that has very low fee when it comes to charges on both credit  card transaction and their trading fee, down to withdrawal fee, so the fact you have not used any of them would not interpreted that all of them have low fee, try those exchanges out and see if they are still same with what you are using.

[Distinctin]

The second is of course the speed of execution of orders. Sometimes you place an order on the market, and it is not executed because the market flew below or above my order in milliseconds.

Thus it means that you want to easily trade your coins with all your means and price? You are trying to manipulate the price with that and it is sad cause it probably never works in crypto trading.
We know the price is volatile, dependent on the market flows, either we like it or not that's all it meant to be. This is how crypto trading works nothing has it change, only we ask is to have a sustainable market design that will give us( trader) favor. With all these things, it helps to encourage more traders and stay in patience.

[Julien_Olynpic]

I would increase the limits for trading without verification. Anyone who has the ability to trade without verification feels free. Personally, I don’t like to send my personal data to the exchange and be afraid that this data will leak into the network.

[RealMalatesta]

I would increase the limits for trading without verification. Anyone who has the ability to trade without verification feels free. Personally, I don’t like to send my personal data to the exchange and be afraid that this data will leak into the network.

I don’t buy into that idea off increasing limit without verification when you are not new in the cryptocurrency industry, you know too well how scammers has hijacked the system and how we are trying to revive the market now, is not the right time that you feel we should abstain from kyc?

If regulation is to come in and we want the authority to help chase the scammers away, there is no way that we will not need kyc because that is the only way they can run check on a transaction that looks suspicious to them, although exchange are not even making use of the kyc the way they should use it, because if they were using it, they ought to have already get out some scammers though any suspicious transaction that they must have noticed several time.

[xSkylarx]

What I would change is their kyc process. Some exchanges requires kyc before you can use their platform even if you will trade only a small amount. Also on their identity verification process I will add more accepted documents to make it more easier to complete the kyc verification.

[Google+]

I think for a place of exchange there is nothing more important than a security system than a place of exchange, traders only want their assets to be safe so that it must be an important task for all places of exchange.

[Questat]

I think for a place of exchange there is nothing more important than a security system than a place of exchange, traders only want their assets to be safe so that it must be an important task for all places of exchange.

Security is the most important but we users does not know how secure the site really is, only the team behind the exchanges knows, of course they will guarantee that they have the safest exchange but even big exchanges like Binance is not hack proof so we cannot be confident on that.

I think in order to protect the users o the exchange, they need to set some insurance for the accounts if it will be hack so users accounts will not be affected, just like what SAFU funds of binance did, but if exchange is not as big as Binance, then maybe they can find an insurer to insure their site.

[bitcoinst]

The second is of course the speed of execution of orders. Sometimes you place an order on the market, and it is not executed because the market flew below or above my order in milliseconds.

Thus it means that you want to easily trade your coins with all your means and price? You are trying to manipulate the price with that and it is sad cause it probably never works in crypto trading.
We know the price is volatile, dependent on the market flows, either we like it or not that's all it meant to be. This is how crypto trading works nothing has it change, only we ask is to have a sustainable market design that will give us( trader) favor. With all these things, it helps to encourage more traders and stay in patience.

You must have misunderstood me.
For example, I didn’t put a stop loss on the exchange, and I see how the price of bitcoin falls, I place a limit order to sell at the current price, but for miles seconds the order is placed, the price falls even lower, and I have to cancel my order again and place sale at an even lower price. Imagine what losses a similar error in the functional is.

[Mila52]

1.I'm annoyed  the  trading by bot, especially on a new exchanges where there is an artificial increase in volumes.
2. I don’t like to go through the KYC. I trust them to verify my personal data, and they reject my documents for several days, motivating the refusal with poor quality photos.
3. I don’t like the minimum withdrawal limit any cryptocurrency and don’t like the mandatory threshold limit of price in the order.
 I think that In the future if we want the cryptocurrency to firmly enter our lives as electronic money the user has the right to withdraw and sell any number of coins.

[Oilacris]

I think for a place of exchange there is nothing more important than a security system than a place of exchange, traders only want their assets to be safe so that it must be an important task for all places of exchange.

Security is the most important but we users does not know how secure the site really is, only the team behind the exchanges knows, of course they will guarantee that they have the safest exchange but even big exchanges like Binance is not hack proof so we cannot be confident on that.

I think in order to protect the users o the exchange, they need to set some insurance for the accounts if it will be hack so users accounts will not be affected, just like what SAFU funds of binance did, but if exchange is not as big as Binance, then maybe they can find an insurer to insure their site.

We do like the idea on that insurance thing for exchangers yet this will build up some confidence into its users yet no exchange is hack-proofs as you said.
Even the best ones have been exploited out which mean all exchangers do really have the risk.

The thing here is that its hard to consider on having an insurer or some will built up this thing yet they do know on how big is the damage would be dealt if there are
a certain hack happened.No business nor legal firms will tend to jump in to this matter.