Bitcoin-exchange

[Huobi-USD]

Which are the main points you look at when you want to choose a bitcoin exchange?
Cuales son los puntos principales que consideras a la hora de escoger un exchange de Bitcoin?

[Small]

In a Bitcoin exchange, I would look for it's fees, features, solvency and customer support. In a Bitcoin exchange, solvency is most important. Mt Gox was insolvent for many months before it was public and there were still extremely huge volumes. This in unacceptable and an audit should be done frequently as a proof of solvency by a third party auditor like what Kraken did. Most exchange have to comply with the local KYC polcies and there may be delay. With a good customer support, the documents can be passed quite soon enough and would not turn off bitcoiners. It isn't acceptable to wait up to a week just for the verifications.

[Amph]

two things essentially, how fast the money are sent to my bank account, and the fee, i don't do much trading so i don't care much about trading fee

i also check if there is the need of identity for small amount and the minimum you can deposit

[enhu]

Chat support I think is enough as long s they're fast to respond.
While we're on this topic can I just ask which exchange doesn't require any documents from us but just paypal id if possible?

[dothebeats]

A legitimate ezchange with little verification as much as possible. As a bitcoin user, thoigh I'm not doing anything illegal, I still want to hide my identity as much as I can. Also, low fees is a plus for traders like me.

[n2004al]

Which are the main points you look at when you want to choose a bitcoin exchange?
Cuales son los puntos principales que consideras a la hora de escoger un exchange de Bitcoin?

This is a good question to be treated. Hope to be followed by the owners of exchanges and reflect the thoughts given here in their businesses. Most of the people who buy bitcoin (or at least to many of them) are from countries called as "not important" for several reasons (are not to much developed, are out of USA,  Europe, or China, have no big weight in the world economy or politics, are not big or rich markets etc). But all this people together are a big army of persons which want bitcoin. The only way to have those is through the exchanges. Almost all the exchanges want or give as a normal option to receive the money for the bitcoin which will be bought the connection with a bank (procedure very difficult to be realized in most of the above countries) or the receiving of the money with which will be bought the bitcoin from a bank (again e very difficult or bored procedure). Only the most smarts offer the most easy way for both the parts to have bitcoin: with credit card. Instantly can be made everything. Without any problem from all. Without being obligated to go at the bank, to sign tens of papers etc. That is even my answer. I chose the exchange primarily seeing this option: offer or not bought of bitcoin with credit card. If yes, I see the fees. Then compare all the fees of the exchanges which offer such possibility and naturally chose the exchange which have the lowest ones.

[jaylin]

I lean on the libertarian side so I look for an exchange that does not overly require information about their customers, particularly when making withdrawals

[rinhunter]

it is easier to send to a personal bank account, I believe local exchanger in my country, in addition they have a reliable customer service in dealing with various problems.

[bitbaycom]

Which are the main points you look at when you want to choose a bitcoin exchange?
Cuales son los puntos principales que consideras a la hora de escoger un exchange de Bitcoin?

Security & Simplicity

[Duomo]

Great Customer Service and Support, Security of the online wallet and the Difficulty of transferring funds. I would also like to know if they have any mobile applications to keep me updated about my bitcoins and my wallet. Another thing is that they need to be licensed, certain exchanges have applied for a money transmitter license and that is necessary if you conduct large money transfers without running into legal trouble.

[Karartma1]

I look on the forum here to see what are bitcointalk users experiences with an exchange: it is very good to have a lot of information directly here in the forum. I saved more than 5BTC when Mintpal collapsed thanks to guy in this forum who started warning the community about what Mintpal was becoming.

So if an exchange is good for most of my fellow bitcointalk friends, then is good for me as well.  

[fast2fix]

Which are the main points you look at when you want to choose a bitcoin exchange?

i will choose an exchange which allows to withdraw or deposit money fast and has good security also best support.

[1Referee]

For me the most important things to look for :

- An exchange have been operating for quite a long time in a successful manner.
- Easy and fast desposits and withdrawal of EUR, USD, BTC.
- Stable and responsive trading platform.
- Fees are quite important too.

All this makes Bitstamp my exchange of choise. As a second choice I am using BTC-E.

[croato]

I want good security, fast transactions, low fees and fast support. I dont want to upload any ID over internet (not to i am doing anything ilegal, just there is too much leaking and hacking of personal info on internet and identity thefts).

[ronald98]

Most of the big exchanges trade in USD or CNY. If your country has a different currency and you use wire transfers to move your money between your bank and your exchange then look up how much it costs to convert between your country's currency, and the your exchange's currency. You can pay as much as the wire transfer costs to convert between currencies, and if you don't trade big volumes those fees can take a substantial part of your money.

I try to use exchanges that use my country's currency to avoid those fees.

[randy8777]

for me the most important thing regarding an exchange is the security aspect. if security is at the highest level, then i will definitely sign up. at this point i only use bitonic to do buying and selling, but as far as an exchange goes i will go for kraken.

[yenxz]

Every bitcoin user have different point,for me,i choovthe best price and lowest fee.

[Mickeyb]

Security is definitely the most important thing and one that I care the most about! I don't care if there are low fees and great cheap options for funding my account with money if the exchange had problems with the hacks before or with the customers funds!

Make sure that my money that I believe you with us sure and then we can talk about the rest of the things!

[manselr]

The fact that they will not run out with the money giving some excuse such as "hacking" which basically means inside job. Unfortunately it seems the only way to achieve this is by regulating it like Gemini. I cant wait for fully functional p2p exchanges.