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Author Topic: How to choose the right exchange?  (Read 879 times)
ariscan
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February 06, 2018, 06:14:38 AM
 #61

Surely u would only use an exchange if it can exchange in to your fiat currency right ?
I was wanting to get a different exchange account but i dont understand the point of doing so.
Please can somebody enlighten me ?
if your local exchanger is trusted and as big as poloniex orbittrex then you only need account on your local exchanger, since you can withdraw direct to your local currency.
for me i use poloniex because my local exchanger only have 10 altcoin +1 bitcoin to trading, its hard to trading there cause there is not much coin's variation

ln my opinion for the exchange in this bitcoin we must monitor the market price bitcoin. because bitcoin prices sometimes go down and up, then before we redeem we should see the market price bitcoin.
Achim55
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February 17, 2018, 11:23:57 PM
 #62

Finding a good exchange is not such an easy job.  Wink
danggoron
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February 17, 2018, 11:36:00 PM
 #63

Surely u would only use an exchange if it can exchange in to your fiat currency right ?
I was wanting to get a different exchange account but i dont understand the point of doing so.
Please can somebody enlighten me ?
if your local exchanger is trusted and as big as poloniex orbittrex then you only need account on your local exchanger, since you can withdraw direct to your local currency.
for me i use poloniex because my local exchanger only have 10 altcoin +1 bitcoin to trading, its hard to trading there cause there is not much coin's variation

ln my opinion for the exchange in this bitcoin we must monitor the market price bitcoin. because bitcoin prices sometimes go down and up, then before we redeem we should see the market price bitcoin.

The important thing to note is the volume of the market. Then the user level and its security. If many use the market, it is certain that the market is safe, and the coins available there are profitable coins with good future.

Bolt Brownie
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February 17, 2018, 11:38:11 PM
 #64

What exchange do you buy/sell your cryptos? What is the best? How have you chosen the one you use?

I must start by saying that I don't really like or fully trust any exchange right now, either decentralized or centralized exchanges. There are to many hacks and issues for my taste in most exchanges, even at the big ones. For instance I like trading on Gdax, because they charge no fees if you are a market maker, and that is very good, because if you trade a lot, it does add up in the long run. I like scalping the market, so that means a lot to me. Although coinbase had never been hacked, they face some issues from time to time, like the recent credit card charge back problem. Other times they just make poor decisions, like delaying the implementation of segwit, and listing bcash the way they did, that probably allowed some inside trading.

Even with these things, I still make most of my trades with them, because of the lack of fees. There are other good exchanges as well, like binance, or good old poloniex that I sometimes use because of their lending feature.

As for decentralized exchanges, I'm only using etherdelta right now, even though they lag, and now they are "frozen" because of API issues.
Equity0924
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February 17, 2018, 11:43:43 PM
 #65

For me, you can always ask other people here if you need help and you have problems about bitcoin. The people here are way too helpful and smart. They have tactics and they know more about bitcoin. You can also make a research on your own, but, it is better if you learn from others feedback and knowledge.
rappydoo
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February 17, 2018, 11:45:52 PM
 #66

simply go with the most number of users, you can also assume that more money will come to that exchange. also check with their technical history issues.
Rappyboy
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February 17, 2018, 11:47:58 PM
 #67

Look for the most number of users or accounts, itll be smarter to go for the top 5 exchanges. They are at the top for number of reasons, most number of users, most money coming in, but better to diversify your funds to several exchanges.
Baimovic
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February 18, 2018, 12:04:13 AM
 #68

I think, to get the benefits you must come to all markets, so you can compare the altcoin price you want.

example monero price in hitbtc cheaper than in bittrex, then you can buy in hitbtc then you sell it in bittrex.

and it is one of the ways that traders make profits.

Ris88
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February 18, 2018, 12:06:00 AM
 #69

What exchange do you buy/sell your cryptos? What is the best? How have you chosen the one you use?


Perhaps most people first ask their friends who may have long wrestled in the bitcoin field, surely they must know which exchange is deeply believed, surely there is much that they know about exchanges, for example Bittrex which is still consistent for a good exchange and safe ..
Ashe-J
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February 18, 2018, 12:10:20 AM
 #70

My number one is BINANCE, No double !
mornabo
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February 18, 2018, 12:14:58 AM
 #71

What exchange do you buy/sell your cryptos? What is the best? How have you chosen the one you use?
I use poloniex and remitano, good service

Poloniex i dont know, but remitano...
remitano Is a fraud...
fees ocult
no good suport
are a thieves...
poloniex has very bad contact support you know, very poor with communication, I ever made a ticket because of a problem and they let my ticket open more than 1 month without any 1 reply from them, it seems they are also ignore a lot of tickets. I would not recommend poloniex, now I use Binance for trading, has a large marketcap and trusted
among
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February 18, 2018, 12:24:00 AM
 #72

What exchange do you buy/sell your cryptos? What is the best? How have you chosen the one you use?

the best exchanges in my point of view are coinbase and binance because many people talk about them and use them as well.
RheamaeElbanbuena
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February 18, 2018, 12:34:46 AM
 #73

I think that I choose to change right is binance because it is reliable and not scam when you try it will not lose your money
Amilhussin24
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February 18, 2018, 01:31:07 AM
 #74

There are a lot of recommended exchanges by bitcoin users here in forum. A lot of them has a different prices, and it's all legit and tested. For me im using etherdelta, I choosed it, because I am more comfortable on it.
ethereumhunter
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February 18, 2018, 03:06:45 AM
 #75

maybe it is not about the right exchange because I believe that every exchanges is good enough to start trading. the point is we can do trade with good, no delay time when placing the order, feel comfortable to stay at the exchange and there are not too much maintenance on the site. I think I still stay at poloniex, bittrex, binance, and sometimes I use kucoin, yobit, hitbtc and so far, I don't have any problem with them and I can do trade with easy and feel safe.

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finthebar
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February 18, 2018, 03:12:07 AM
 #76

It is disappointing but many exchanges are proving to be problematic at this time. While some are probably suffering from huge demand and scaling issues, others it seems are either badly run, or worse. I think exchanges will be very much in focus this year - and perhaps not in a good way.
Gens09
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February 18, 2018, 03:35:33 AM
 #77

What exchange do you buy/sell your cryptos? What is the best? How have you chosen the one you use?
In my experience you cannot know the best exchanger that only thing that you need to consider is are they a scam exchanger to pick the right i guess you need to research for the top exchanges but something even the top exchanges something scam your investment like what happened to me personally i lost my deposit in a exchanges that i already have a trust but what exchanges that i can recommend is polenix,bittrex,hitbtc. But still need to be careful.
MoneyMotivatesMe
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February 18, 2018, 07:40:06 AM
 #78

Volume and no shady moves like what bittrex did which is forcing verification.
susuberuang
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February 18, 2018, 08:20:44 AM
 #79

What exchange do you buy/sell your cryptos? What is the best? How have you chosen the one you use?

to choose a good exchange market you can see the websites and trading volumes they have, if the websites they have are good and all functions run smoothly and have a very high daily trading volume already on make sure the exchange market is very good, for example is bittrex.
hermada
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February 18, 2018, 08:25:51 AM
 #80

You don't want to give away the control of your coins to a third party, never store coins on centralized exchanges long term, I can recommend Bitshares https://wallet.bitshares.org/
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