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Author Topic: A Frank Discussion about Altcoin Exchanges  (Read 131 times)
mrok
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October 30, 2017, 10:52:57 AM
 #1

I've been involved in a couple of projects now and the question always comes up - "where should we try to get listed?"

Recently, popular alt-coin exchanges like cryptopia and novaexchange have raised their prices by thousands of dollars  (you know you are getting quality coins when only the rich can list their coins, right? lol.)

So... lets figure out which altcoin exchanges are good for new coins, or at least which of them are less sucky. In this thread, if we do it right, we will have:

Love Letters
Horror Stories
Name Dropping
Flames about how the exchanges have betrayed specific coins (e.g. Ctopia refusing to list PIEX a few months after the community paid to get PIE listed)
An evolving, useful list of exchanges that new coins should approach and exhanges to avoid

I'll start out.

Exchange: coinsmarkets.com - I know folks that really dislike this site, but I think they are pretty great.
PROS:
- Their interface is weird looking but strangely effective at getting things done w/ minimal clicking
- they stake POS coins
- they add new coins in a HURRY
- They respond to support emails
- They care about not listing coins from scammers (one email I got was "we don't want to list it because it's just like the other 10 projects from that dev" )
CONS:
- ridiculously low volume
- boring trolls
How to get listed:
email "support@coinsmarkets.com" with coin specs



Here's a list of exchanges sorted by number of coins, which may not be the best indicator for friendliness to altcoins but it's a start.

I didn't list bittrex because it's apparently "invite only" now?
I didn't list poloniex because they haven't bothered to respond to my support ticket opened on Tue, 8 Aug at 5:19 PM. (#369572).
I didn't list cryptopia or novaexchange because they are doing the "pay to play" game which (imo) rewards rich scammers and stifles innovation.
 
If any altcoiners have experience with these exchanges please contribute a pros and cons for them or a "personal story about what it was like to work with them" or whatever info you think people would benefit from. I'd like to focus on info that is useful for new coins that are trying to get listed but anything you can contribute is useful if we get enough data I'll make a spreadsheet on google docs for us.

C-Cex
Livecoin
CoinExchange
HitBTC
Liqui
Bter
Bleutrade
Tidex
Kraken
Gate.io
Binance
Bitfinex
BTC38
EXMO
Gatecoin
Bittylicious
BTC-e / WEX
Quoine
CEX.IO
Allcoin
Abucoins
Yunbi
Vircurex
Bisq
Bitstamp
Bithumb
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rainangel7
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October 30, 2017, 11:07:35 AM
 #2

When I first started with cryptos it was 2015 and I used Kraken, I don't really read much about Kraken on this forum seems like none is using it, but here is my review:

Pros:

Clean UI
Fast pay-out and pay-in
You can deposit; $ € ‎£ ¥
Awesome support
Feels safe (No exchange is safe, but kraken gives me this feeling)


Cons:

Few altcoins are listed
getting verified in all 4 tiers can take a long time


All around I was and I am really happy with Kraken
xenomorphe1
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October 30, 2017, 11:22:45 AM
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I only have trading experience on Exchanges. Not for listing new coins.

YoBit is not a good Exchange. It is not on your list.
They have zero support. You can write to the support, but they won't answer you. There are lots of altcoins, but a lot are just here for trading.
You can't withdraw your altcoins. You can only withdraw the most popular coins (BTC, ETH, and maybe others).
Cons:
- Zero support
- can't withdraw lots of altcoins, only trade them
- not a lot of users (but can be an advantage too if you start to trade as it is very slow)
- slow website
Pros:
- lots of altcoins

Gate.io is a new Exchange. It is an Exchange which will replace BTER as i understand it.
I couldn't withdraw BTC for maybe a week or two at the beginning of this month. I wrote to the support and they answered that currently we cannot withdraw BTC. But last week i received an email from them saying that BTC can be withdrawn now.
Cons:
- can't withdraw coins sometimes (didn't try to withdraw other coins appart BTC and ETH)
- not a lot of users (can be an advantage too)
Pros:
- have a support
- nice and responsive website (good for smartphone)
- have a smartphone application (didn't try)

mrok
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October 30, 2017, 11:31:30 AM
 #4

I agree about yobit, in my original post I said something too mean about them so I deleted it and just removed them from the list.

Also, breaking news - Novaexchange will close its doors on March 31, 2018.  The closure of Nova is probably unrelated to the critiques in this thread.
mrok
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October 31, 2017, 04:05:42 AM
 #5

So C-cex is apparently not to be trusted - they did a clumsy job defrauding a large and active community, so they are going to have to deal with posts like this one.

Sigh. One day the drama will end in crypto when people realize that it is in their best interest to behave ethically.

Details here: https://bitcointalk.org/index.php?topic=2278055




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