Your ideal crypto derrivatives exchange: name 5 most important features.

[Harlot]

Thank you for the answer! Reputation comes with strong security, this is why I am all in for strong withdrawal protections put in place.

Thank you all for the answers!

From what I have seen until now the most important factor seems to be reputation therefore strong security etc..

Not exactly, even the most reputable crypto exchange out there can have be hacked so there is really no way of relating reputability and security all at the same time. If you want to be reputable though you must not only prove yourself of being a secure exchange you must also prove that your service is reliable meaning your site is up and running all the time with zero down times and that is including unnecessary maintenance and lags from your UI. From a perspective the users with you being reliable and secure I know that you can be trusted with our money and then you can see your reputation grow naturally.

[nicolas1979]

E.g.:
1. low fees
2. high leverage
3. wide range of assets
4. long exchange history & reputation

Most people will stay focus with coin list and volume because the can't doing transaction without that. Reputation also came from both and if the exchanges want new member to get fresh fund they can release give away/ payment program in their sites. The crucial part is about speed transactions and security program, exchanges is the first place hacker will take action, that's why KYC program ( ID, 2fa ) really needed. Many factor can become good sign to join exchanges but safety is always become member focus and priority.

[Seranium]

Thank you for the answer! Reputation comes with strong security, this is why I am all in for strong withdrawal protections put in place.

Thank you all for the answers!

From what I have seen until now the most important factor seems to be reputation therefore strong security etc..

Not exactly, even the most reputable crypto exchange out there can have be hacked so there is really no way of relating reputability and security all at the same time. If you want to be reputable though you must not only prove yourself of being a secure exchange you must also prove that your service is reliable meaning your site is up and running all the time with zero down times and that is including unnecessary maintenance and lags from your UI. From a perspective the users with you being reliable and secure I know that you can be trusted with our money and then you can see your reputation grow naturally.

I agree with you, but my point was different. I meant that in order for an exchange to be reputable it needs strong security to prove itself resistant against bad actors or platform downtimes and lag.

The importance to me lies within

1) transparency
2) adjustable leverage with convinient SL/TP
3) security
4) liquidity
5) fast withdrawals

Interesting thread. Will keep an eye on it.

Transparency is very important and we see some exchanges without faces and names behind them which is bumper for many people in my eyes. What do you think about KYC (not mandatory) but to have it as an option?

[mbakruroh]

1. low fees

I think people will say volume, value and speed transaction but I must say low fees is not our priority anymore because alternative to reduce it already exist. We only need to switch into altcoin than start withdraw process and all trade fees ( mostly ) below 1%. This time have many coin list is the ideal exchanges, market will created by enthusiast and exchanges only need to promote it.

[jostorres]

I must say low fees is not our priority anymore because alternative to reduce it already exist.

Low fee may not seem like a prioritized one as we do see almost all the exchanges are following same type of fee structure and in same level of percentage. For a skilled trader, fees is not a concern always. But, if exchanges start charging fees out of trend means that would be a problem. For example, if they do more than 3% or 5% then traders who target 2% yield per trading may start facing problems.This is the reason we need to confirm where the fees are sitting and only the traders who already encountered such problem might want to confirm these things before start using a new exchange. Overall, I mean to say, confirming low fee still a prioritized one.

What I expect from a new derivative exchange, it should have more volume.

[Janation]

I think three is enough for me.

Reputation since there are a lot of exchanges nowadays and it is hard to find one that has a great reputation. Low fees since if you really wanted to trade, this is important. And last but not least, the volume.

[Harlot]

~snip~

I agree with you, but my point was different. I meant that in order for an exchange to be reputable it needs strong security to prove itself resistant against bad actors or platform downtimes and lag.

Yeah and you can't really prove that without having a clean record against hacks, threats, and data leaks. Having this kind of problem early on will just hinder your growth and maybe even be the cause of your early downfall. Building a new crypto exchange is no joke and in order to get some market share from the big fishes you needed to be reliable and secure so you really don't have any room for any errors early on. So if you are asking for this kinds of questions I'm afraid to tell you that you are still not ready to create your own exchange, you still need to plan more particularly on your website's U.I. and security because this will be the foundation for your crypto exchange.

[cofinder]

My top five must-have features of a perfect exchange are:
1). Good reputation
2). Strong security means
3). Convenient interface
4). Margin trading
5). High leverage
CEX broker seems to have it all, but I am hesitating because the exchange is new. What do you think, guys? You can check it here – https://cexbro.com/