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Author Topic: Best alt-coin day trading sites or platforms for day traders?  (Read 881 times)
bitcoin talk
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May 16, 2017, 05:12:06 AM
Last edit: May 16, 2017, 06:41:00 AM by bitcoin talk
 #1

Which sites do you recommend,and why, for day trading major alt-coins.
Fast, efficient sites, with no KYC requirements and outside USA preferred.

Your experience, views, on advantages of using say something like poloniex over an exchanger for day trading?

Thanks.

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May 16, 2017, 09:02:21 AM
 #2

the biggest one is poloniex but it will require you to verify with documents and it is in USA. currently they are having a lot of problems with downtime and what they claim is DDoS and people lost a lot of money because they couldn't make any trades but price was going down.

the next one is bittrex but it also requires you to submit verification documents if you want to withdraw a high amount daily and i believe it is in US. it is smaller but still decent, there are a lot of altcoins on it like polo and it doesn't have as much downtimes. the API lacks many good features though Sad

the others are small and usually don't have that many altcoins. the one that i can think of is btc-e that doesn't ask for verification unless you are doing a wire transfer. and it is outside of US (nobody knows where exactly lol). it has only a handful of altcoins but the volume is not that bad but the price is sometimes not compatible with the rest of the world LOL.

there is a similar exchange called c-cex with a lot more altcoins but it is much smaller that others.

there is also cryptopia which doesn't have fiat deposits but has many cool features and it is a small exchange considering the volume. and it has lots of altcoins.

there is another exchange which you probably will see be suggested after this in here called Yobit, i suggest staying away from it. you will save yourself a lot of headaches.

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May 16, 2017, 09:50:05 AM
 #3

For altcoin day trading, it's good to start with livecoin. This has got major listing of coins as well easy tutorials were available for all the new users. It also helps with the simply interface providing buy and sell orders. Poloniex being one among the best trading platform, but usability is bit harder than livecoin.

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May 16, 2017, 10:32:16 AM
 #4

Poloniex and Bittrex don't need documents if you're withdrawing small amounts.  Poloniex, for example, has a limit of $2000 equivalent withdrawal per day without documents. 

If you want an exchange with decent volume, Poloniex and Bittrex are your main choices.

However, recently people have complained about Polonoex's shady activity, including "DDoS attacks" which didn't prevent certain people's market activity.

You're probably best off going to Bittrex.  However, it's important never to assume that your funds are 100% safe i a Bitcoin related exchange and only keep on what you need at the time.

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May 16, 2017, 11:51:49 AM
 #5

Poloniex being one among the best trading platform, but usability is bit harder than livecoin.
By what means you are finding poloniex is harder ? Honestly I am not finding any differences between poliniex and livecoin yet livecoin sometimes shows its socket is disconnected whereas with poliniex I am not finding any such problems.

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May 16, 2017, 12:06:30 PM
 #6

Poloniex being one among the best trading platform, but usability is bit harder than livecoin.
By what means you are finding poloniex is harder ? Honestly I am not finding any differences between poliniex and livecoin yet livecoin sometimes shows its socket is disconnected whereas with poliniex I am not finding any such problems.
I do agree. Poloniex is much easier and frirendly to newbies since there are no much of shitcoins which is being trolled by traders to take advantage of newbie. Poloniex has a large volume which makes its market move safer than other trading site.




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May 16, 2017, 02:40:32 PM
 #7

Your experience, views, on advantages of using say something like poloniex over an exchanger for day trading?
I am doing day trading in poloniex for several years but recent issues they are having in their site makes me feel uncomfortable to leave any of my bitcoin there. But i don't have any other choice better than them so i am still trading there. Bittrex can be alternative but they don't have much trading volume so hard to make any profit on price swings there.

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May 16, 2017, 02:44:02 PM
 #8

Your experience, views, on advantages of using say something like poloniex over an exchanger for day trading?
I am doing day trading in poloniex for several years but recent issues they are having in their site makes me feel uncomfortable to left any of my bitcoin there. But i don't have any other choice better than them so i am still trading there. Bittrex can be alternative but they don't have much trading volume so hard to make any profit on price swings there.

Completely agree with you. There is currently no better exchange for altcoins then poloniex. Their volume is #1, and i think their GUI is the best aswell, however that could differenciate per person.

However, they have had some huge issues recently, where no one was able to trade, except bots. They are currently under investigation if i were to believe this article, see

https://cointelegraph.com/news/bitcoin-exchanges-kraken-poloniex-to-be-scrutinized-for-possible-insider-trading-manipulation

So it is a bit sketchy  right now, but i still believe they are better then their competitors.

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May 16, 2017, 03:03:25 PM
 #9

I have never use others exchange except Bittrex and Poloniex as the site to trade daily. The most important thing for a daily trader to require an exchange is easy deposit and fast withdraw, and both sites is provided it.
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