efiminzer (OP)
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Activity: 8
Merit: 1
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December 27, 2017, 02:07:58 PM |
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What parameters should someone check when trying to choose an exchange to work with?
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cloud.runner
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Activity: 62
Merit: 0
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December 27, 2017, 02:14:03 PM |
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The fee?
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gentlemand
Legendary
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Activity: 2590
Merit: 3015
Welt Am Draht
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December 27, 2017, 02:17:22 PM |
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Their rep. It's no good choosing an exchange with low fees or lots of coins if they're morons who can't run an exchange properly or refuse to respond to support tickets. That's basically all of them at the moment.
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Kingofbitcoin12345
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December 27, 2017, 02:20:36 PM |
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I do have many signs on knowing a much trustworthy exchange.. One is review from random high ranking traders,, second is customer service with much concern to they’re clients with recommendations from they’re valued clients without referrals.. And last would be the fee,, I consider it a bonus as it always be much better to have much higher free with proper protection of my investments..
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MadGamer
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Activity: 1568
Merit: 1031
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December 27, 2017, 03:47:27 PM |
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The fees are the last thing to look at honestly. The usability and user experience comes first, how responsive is the support, the limits, verification needed etc.
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tegarp90
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December 27, 2017, 03:49:29 PM |
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the volume , volume is the first thing i look , because if the exchange has a big volume, we can do "ping pong" trading
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paolo099
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December 27, 2017, 03:49:39 PM |
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well, the volume of transaction first, withdrawal fees, the interface (not clunky and easy to understand what's going on in the market). Then i would check how long the exchanger is running, their reputation, reading reviews around is always good, there are many things to check before deciding which one you should use.
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HarleyQuinn9876
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December 27, 2017, 04:26:13 PM |
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What parameters should someone check when trying to choose an exchange to work with?
First I care about the price, the transaction fee. I also care about the trader. Also, you need to pay attention to avoid cheating
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ldah94
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December 28, 2017, 02:18:24 AM |
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A good exchange should provide: A good security with limited history of vulnerability leaks. privacy although this will depend on the form of payment. That shopping limits are high. Rates of reasonable change based on the current price. A good reputation, try to choose a trustworthy and long-dated Bitcoin exchange. Sure, some new Bitcoin exchanges may offer lower rates and better service, but until you have built a good reputation from below, you should continue with the most popular exchanges.
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karungbitcoin
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December 28, 2017, 02:35:01 AM |
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For centralizasi exchange the most important thing for me is they should has full regulation. And other thing they has some feature for high security like 2 step verification. And also they has stopp loss feature to reduce loss during trading.
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crypto4lambo
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Activity: 210
Merit: 100
Large scale, green crypto mining ICO
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December 28, 2017, 02:51:01 AM |
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What parameters should someone check when trying to choose an exchange to work with?
There are many things to be considered before putting your money on any exchanges. Read some reviews about the site and ask on the forums about what they think in a specific exchanges. In this way you can get answers directly from the users itself. Also something to be considered is its users base. Of course the more users it has the more confident you can put your money into it. It simply means that many investors trust this site. You may also want to considers is its transaction fees. Analyze if it is worth it. Withdrawal system is also worth looking at. Also try to invest in other exchanges too, don't rely on just one exchange. There are also exchanges that have coins that are not included in others so you may want to check that as well.
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MinerHQ
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Activity: 1456
Merit: 1023
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December 28, 2017, 02:53:07 AM |
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The fees are the last thing to look at honestly. The usability and user experience comes first, how responsive is the support, the limits, verification needed etc.
The best part is their support because if their support is not good then no use of using any exchange. After you send money and stuck with some issue and if you don't get a correct answer from their support team then you will lose your profit or money. So as per me, support should be good to choose any exchange site for trading.
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X-ray
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December 28, 2017, 03:14:46 AM |
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What parameters should someone check when trying to choose an exchange to work with?
The mechanism, support, credibility and reputation in the community. There are so exchange sites like binance and okex that gives a very good experience while trade in there, Bittrex and polo strict their new registrant to complete the enhanced verification. Hitbtc turned into the shady exchange site. But the important thing you can try to see from the community's feedback.
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rysea2
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December 28, 2017, 03:24:51 AM |
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What parameters should someone check when trying to choose an exchange to work with?
I personally focus more on volume in choosing the exchange. unless I am going to do arbitration then price and volume are very obliged to be noticed.
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Tynovten_
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December 28, 2017, 10:42:50 AM |
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There are many factors that must be pay for attention, volume, cost, price ratio chart. Be careful of a stock exchange. Pay attention at the rules.
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ralle14
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Shuffle.com
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December 28, 2017, 11:09:25 AM |
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I prefer exchanges that doesn't have any kyc or account verification just to trade a small amount of cryptocurrency. Every exchange out there has different exchange rates so what I do is pick the best one before trading. Also those exchanges that have a wider option where you can trade your btc to different kinds of altcoin.
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macchiato
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December 28, 2017, 01:13:48 PM |
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Ofcourse we want exchange sites that offers small transaction fees. That's mainly it. Other basic needs are its high reliability, security and a site with good feedbacks from people.
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droptableguy2
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December 28, 2017, 01:51:48 PM |
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I am often interested in the development potential of copper coin to see if it can grow long term. Then I watched the trading volume of 24-hour coin that fluctuate how. If trading volume increases significantly, the value of coin will not change, I will invest in coin.
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veilyoga
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December 28, 2017, 02:06:31 PM |
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Many factors. Liquidity, reputation of exchange, fees. I prefer to avoid the biggest exchanges and instead go for the medium sized ones.
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tech72
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December 28, 2017, 02:10:35 PM |
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Since, I like to trade big, the first thing I check for is the 24 hour Bitcoin trade volume of that particular exchange. Volume needs to be high so that you are able to sell your profits. Second, is I look up for recent issues faced by user on exchange. If they are very less, then the exchange is good to go.
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