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Author Topic: How to choose the right exchange?  (Read 879 times)
keycellko
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February 25, 2018, 02:00:58 AM
 #101

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

I don't use only one exchange. Not all altcoins are found in one exchange so i have to have all the other exchanges where i can put my coins into. But if you mean btc, there are many things you have to consider to choose which exchange you will put it on. First thing first, which exchage has the lowest fees so that you can get the most out of your investment. Also, make sure its security is high to protect your funds from being hacked. Last thing is the trade volume. The more people trading in tgat exchange the more the movement of your coin.
ethereumhunter
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February 25, 2018, 09:56:05 AM
 #102

Better to look on the website's review, try also to research the website if it is scam or not. Try to ask someone who made transactions already from them.
Yes this is true many websites exchanges are spread now but you can choose what is the most effective for you or not.For me as of now I'm using cryptopia,coinexchange and binance.

cryptopia and binance is good exchanges site and I see there are many of us is use this two sites. I think he needs to try one by one until he can find what sites that he like so he can start to trade on that site. besides that, I think he doesn't have to use just one site because the more site we can do trade, the more money that we can earn but of course, he also needs to have skills to make money from each of sites.

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Jerald
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February 25, 2018, 11:29:39 AM
 #103

It depends on where your campaign reaches the marketplace but I'm more interested in transferring binance and bitrrex for easier trading procedures and less money for your coin
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February 25, 2018, 11:39:20 AM
 #104

Well, I have plenty exchanges that I use for trading because some exchanges don't have the coin or token that you want trade to.

Glomerulus22
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February 25, 2018, 11:42:53 AM
 #105

There is a lot of very good exchanges that I use.
For deposit fiat I use Coinbase.
For stable coins I prefer Binance - it has the biggest volume, best layout, it is fast and also have desktop and mobile app
For smaller or newer coins that are not listed on Binance I usually use Cryptopia and KuCoin.
Very interesting is COSS - new exchange that has some unique coins on it and also have nice program af split sharing of 50 % of the fess with all token holders every Sunday.

(https://www.anonfork.io/) ANON - new privacy coin with very cheap masternodes! Join  (https://t.me/anonymousbitcoin)
colenax
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February 25, 2018, 11:43:22 AM
 #106

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


your questions are too many and simple. each altcoin is sometimes different on the exchange place, depending on the developer placing it.
for altcoin, you can find altcoin that you think is good that can bring profit. Well, here's what you have to do with the knowledge you have. try

hiddenmist
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February 25, 2018, 01:29:11 PM
 #107

What exchange do you buy/sell your cryptos? What is the best? How have you chosen the one you use?
To choose a good trading exchange platform you have to prioritize the security above all the feature because if the security is compromise you might lose everything you have on that exchange, second is the fee, it must have a competitive transaction fee specially for the beginners. 3rd is the credibility of the exchange. Is this exchange have a good credibility, because it will determine the volume of the exchange, the higher the trust the higher the volume of trades would get.

bukikbarisan
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February 27, 2018, 12:25:50 PM
 #108

I am only looking for a few factors like the cheapest purchases and the highest selling rates of a particular exchange, how long the market exchanges and historical track record with security and quick response to ticket support I also need a fast and responsive trading platform that is not lag or pause, I hope immediate exchange will allow their users to set their own mining costs.
lordmick
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February 27, 2018, 12:46:09 PM
 #109

Personally I check following factors:
security level;
commission per operation;
trading volume;
amount of assets;
lags;
ways of money withdrawal.
paynercash
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February 27, 2018, 03:03:00 PM
 #110

It really depends on your requirement. For example if you simply want to buy BTC and HODL then  I would suggest Coinbase.  But if you are planning to do some trade every now and then, you should chose something else.

Coinbase fee is way too much for doing trade. i use  kraken  for some small trading.
Right now, depending on the needs of investors whose investments are different, we can see that Bitcoin, as well as its market price, is volatile, investors small or inexperienced always looking for ways to grow fast but the risks that the virtual currency brings are many, for me now I choose for myself Ethereum to invest

maryhansenn
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February 27, 2018, 03:11:28 PM
 #111

Do some research before you use one and also find the reviews. People will tell their honest opinions on it
Voco Coin
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February 28, 2018, 07:50:04 PM
 #112

Before choosing the right exchange site, consider some factors first. These may include the verification method used and how the site handles users’ private details. Always ensure that you have a verified status and the data you send to the site is acceptable before moving forward. A site that does not allow verification of data is probably a scam because you might not be able to withdraw money in that case.

melekseverce
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February 28, 2018, 07:53:09 PM
 #113

Depending on the needs, country, trading volume, security and many other factors the user can choose an exchange that’ll suit his requirements.
Basic information such as the location of the exchange, the name of the founder and the market they focus on can be the first step for choosing the Bitcoin exchange.
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February 28, 2018, 08:07:52 PM
 #114

You can see in this post https://bitcointalk.org/index.php?topic=2997463.msg30826688#msg30826688
There are a lot of worthy  platform exchanges. To start I recommend poloniex and binance.

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February 28, 2018, 08:22:24 PM
 #115

binance is the rihgt choice Wink
holtzmann
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March 06, 2018, 09:38:31 AM
 #116

As for me, several criteria should be met to consider an exchange as reputable, trusted.
The first factor is security: use exchanges that provide cold storage, 2FA, etc. But remember that it's you who is actually responsible for your coins, and better transfer them to your wallet after buying.
The second important indicator - how long the exchange is in the market and where it is based. IMO to trust platforms registered in the first-world countries with long operational history and many customers is better than newly appeared exchanges.
And third: it is preferable for me to buy at the exchanges with fiat. But sure this is optional and will solely depend on your purposes. As for my pick - I mainly stick to cex.io
Elajus91
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March 06, 2018, 09:54:06 AM
 #117

I would recommend binance and their coin.
Binance is a pure cryptocurrency exchange, meaning they do not deal with fiat currencies.
For more info. visit their website.  Cool
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March 06, 2018, 09:55:07 AM
 #118

If I have to choose a good trading platform or good exchange, I would have to look for its volume and it does not have to the number one exchange.
clarkgeneral86
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March 06, 2018, 04:04:33 PM
 #119

What exchange do you buy/sell your cryptos? What is the best? How have you chosen the one you use?
Previously i often use bittrex, now I use both bittrex and binance. I usually consider everyone's feedback before choosing an exchange.
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March 06, 2018, 04:05:57 PM
 #120

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

Sometimes you don't have a choice to choose any exchange to use as your holding crypto only have one to make that.
But if you will choose something good, better to check the volume of the said token and try to look how busy the market in exchanges.
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