What's the biggest problem with EXCHANGES right now?

[janbrzeski]

What do you think is the biggest problem/what's lacking with current crypto exchanges? There are quite a few of them, they're making hundreds of thousands a day and yet I can't help but notice some things like...

-> Terrible, inexistant support (on most)
-> Verification takes weeks
-> Reliability (uptime) sucks

Personally what I'd like to see most is an exchange with FLAT FEES. Wtf why are all percentage based? With stocks you usually pay like $5-$10 per order. Here you end up paying hundreds if you trade bigger amounts.

So... what's yours?

[1715267121]

1715267121

[1715267121]

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[tora]

1) Poor support giving no answers
2)Asking for photo ID
3)Wanting Google 2FA even when it is not possible on a laptop.

[janbrzeski]

1) Poor support giving no answers
2)Asking for photo ID
3)Wanting Google 2FA even when it is not possible on a laptop.

Interesting, yeah 2FA is annoying! I got like 20 now on my phone and lovely bittrex asks for it every damn time... with no other backup way of logging in

However I cant really see what they could replace that with

[milewilda]

What do you think is the biggest problem/what's lacking with current crypto exchanges? There are quite a few of them, they're making hundreds of thousands a day and yet I can't help but notice some things like...

-> Terrible, inexistant support (on most)
-> Verification takes weeks
-> Reliability (uptime) sucks

Personally what I'd like to see most is an exchange with FLAT FEES. Wtf why are all percentage based? With stocks you usually pay like $5-$10 per order. Here you end up paying hundreds if you trade bigger amounts.

So... what's yours?

For now i would go for Support thing which people do really need this thing which exchanges should really be responsive on any tickets from users because people would really like to have a responsive support-(including me) but on the current situation most of them do have poor support or doesnt really respond at all.

FLAT FEES? Its not possible. They are doing business on here which means any orders would have a corresponding %/order.

[janbrzeski]

For now i would go for Support thing which people do really need this thing which exchanges should really be responsive on any tickets from users because people would really like to have a responsive support-(including me) but on the current situation most of them do have poor support or doesnt really respond at all.

FLAT FEES? Its not possible. They are doing business on here which means any orders would have a corresponding %/order.

Why not? Essentially all forex and most stock brokers work this way. Placing a trade costs for example $10. I don't understand why wouldn't they implement a similar structure?

[TERA2]

Right now theres a problem with limits and verifications.

There's also always been the problem that you have to entrust the exchange with full control of your coins. I think the exchanges should hold your coins in some kind of multisig wallet arrangement to avoid losing your coins to hack or closure.

[exstasie]

What do you think is the biggest problem/what's lacking with current crypto exchanges? There are quite a few of them, they're making hundreds of thousands a day and yet I can't help but notice some things like...

-> Terrible, inexistant support (on most)
-> Verification takes weeks
-> Reliability (uptime) sucks

Personally what I'd like to see most is an exchange with FLAT FEES. Wtf why are all percentage based? With stocks you usually pay like $5-$10 per order. Here you end up paying hundreds if you trade bigger amounts.

So... what's yours?

Yeah, the percentage-based commissions in Bitcoin trading always bothered me. It's been with us since the beginning, and I'm really not sure why it became the norm. Maybe it's the risk profile of operating a Bitcoin exchange. The risk of fallout from hacks is much greater than stock brokers because of the irreversible nature of Bitcoin payments.

Unfortunately, these exchanges weren't built to scale overnight. The kind of inflows exchanges are taking on is totally unprecedented. Both Bitfinex and Bittrex recently disabled new user registrations because they couldn't cope with the traffic. Then Binance was being touted as the top performing altcoin exchange. Today, Binance shut down new registrations as well!

The exchange situation is bloody awful right now. Terrible uptime across the board.

[posesion19]

What do you think is the biggest problem/what's lacking with current crypto exchanges? There are quite a few of them, they're making hundreds of thousands a day and yet I can't help but notice some things like...

-> Terrible, inexistant support (on most)
-> Verification takes weeks
-> Reliability (uptime) sucks

Personally what I'd like to see most is an exchange with FLAT FEES. Wtf why are all percentage based? With stocks you usually pay like $5-$10 per order. Here you end up paying hundreds if you trade bigger amounts.

So... what's yours?

some exchanges have a poor support, I ever put a ticket in the one of big exchange two weeks ago and still no answer
I want a quick response but they just ignore it

[Haladay]

What do you think is the biggest problem/what's lacking with current crypto exchanges? There are quite a few of them, they're making hundreds of thousands a day and yet I can't help but notice some things like...

-> Terrible, inexistant support (on most)
-> Verification takes weeks
-> Reliability (uptime) sucks

Personally what I'd like to see most is an exchange with FLAT FEES. Wtf why are all percentage based? With stocks you usually pay like $5-$10 per order. Here you end up paying hundreds if you trade bigger amounts.

So... what's yours?

Trust, reputation and fast systems, these are very classic things we deserve from exchanges. How about support ticket answer rate or answer speed? I used 4 or 5 exchanges and none of them replied my support tickets so far. This is only awful for them, what a shame.

[yrreg ger]

What do you think is the biggest problem/what's lacking with current crypto exchanges? There are quite a few of them, they're making hundreds of thousands a day and yet I can't help but notice some things like...

-> Terrible, inexistant support (on most)
-> Verification takes weeks
-> Reliability (uptime) sucks

Personally what I'd like to see most is an exchange with FLAT FEES. Wtf why are all percentage based? With stocks you usually pay like $5-$10 per order. Here you end up paying hundreds if you trade bigger amounts.

So... what's yours?

some exchanges have a poor support, I ever put a ticket in the one of big exchange two weeks ago and still no answer
I want a quick response but they just ignore it

For me most exchanges have poor support and it really is annoying how it could take them time to answer our problems. In fact, when there is a problem in them, they seem not to be concerned of the traders, users and etc. who used their exchanges. Not even a single announcement about what is happening. It really is disappointing and they should try to increase or upgrade their systems, they should be the ones adjusting to the growing numbers of transactions and users.

[Koro-Sensei]

1) Poor support giving no answers
2)Asking for photo ID
3)Wanting Google 2FA even when it is not possible on a laptop.

Interesting, yeah 2FA is annoying! I got like 20 now on my phone and lovely bittrex asks for it every damn time... with no other backup way of logging in

However I cant really see what they could replace that with

You cant help it they are just tightening their security so no excuses allowed if they are hacked and it would be difficult to hacked if every users has 2FA.

[sugihe]

Recently, there are some exchange have problem with their investor.
Withdrawal stuck and high fee are my concern with the exchanger. I think thats the most problem that i dont like it very much.

[rickyleatham]

What do you think is the biggest problem/what's lacking with current crypto exchanges? There are quite a few of them, they're making hundreds of thousands a day and yet I can't help but notice some things like...

-> Terrible, inexistant support (on most)
-> Verification takes weeks
-> Reliability (uptime) sucks

Personally what I'd like to see most is an exchange with FLAT FEES. Wtf why are all percentage based? With stocks you usually pay like $5-$10 per order. Here you end up paying hundreds if you trade bigger amounts.

So... what's yours?

Recently due to the huge amount of new users registered verifying on exchanges, and huge amount of investors on exchanges making them delay, and slowdown clearly, sometime transactions takes weeks with bitcoin, worse the fee the charge us on each transaction has risen too, nearly 20$ for each transaction, that is not acceptable.

[Ray3z]

For now i would go for Support thing which people do really need this thing which exchanges should really be responsive on any tickets from users because people would really like to have a responsive support-(including me) but on the current situation most of them do have poor support or doesnt really respond at all.

FLAT FEES? Its not possible. They are doing business on here which means any orders would have a corresponding %/order.

Why not? Essentially all forex and most stock brokers work this way. Placing a trade costs for example $10. I don't understand why wouldn't they implement a similar structure?

Each exchange has different style of applying fee on their exchange. I dont really problem with statis or dynamic fee at least it can affordable. I have problem more in withdrwal problem.

[RealPhotoshoper]

For now i would go for Support thing which people do really need this thing which exchanges should really be responsive on any tickets from users because people would really like to have a responsive support-(including me) but on the current situation most of them do have poor support or doesnt really respond at all.

FLAT FEES? Its not possible. They are doing business on here which means any orders would have a corresponding %/order.

Why not? Essentially all forex and most stock brokers work this way. Placing a trade costs for example $10. I don't understand why wouldn't they implement a similar structure?

Yeaaa they should do flat fee and that's enough for them as profit considering we pay the withdrawal fee too.
It is indeed a madness when you look at how they take a percentage on every single trade that we did.
How much money ghey make? Ughhhh so greedy they are!

[shaun98]

My main problem is customer support. Most exchanges specify that support will be given within 48 hours of an e-mail being sent out, but for most exchanges I have had to wait for like 3 days. Hitbtc is one of the culprits with really bad support.

[andthereyou]

What do you think is the biggest problem/what's lacking with current crypto exchanges? There are quite a few of them, they're making hundreds of thousands a day and yet I can't help but notice some things like...

-> Terrible, inexistant support (on most)
-> Verification takes weeks
-> Reliability (uptime) sucks

Personally what I'd like to see most is an exchange with FLAT FEES. Wtf why are all percentage based? With stocks you usually pay like $5-$10 per order. Here you end up paying hundreds if you trade bigger amounts.

So... what's yours?

Maybe you have registered in bad exchanges which have a problem verification, withdrawal etc. I have a friend who have the same problem. The verification takes too long. There are good exchanges to trade with.

Regarding your want to have FLAT FEES. It is impossible to implement because that is business they too need money. I don't know any market that have FLAT FEES. Even stock market and forex were percentage based.

[nc50lc]

What do you expect from non-legit exchanges?
There were no regulations to follow, they can do what they want as long as most of their customers aren't complaining.

-> Terrible, inexistant support (on most)

Not just exchanges, there are a lot of internet-based services that got terrible support.
But it depends on the number of the customers, more users more room for problems.

-> Verification takes weeks

This is normal for some, a company that is not that big and those who want to be verified are just too many to handle will surely take weeks to do their job.

-> Reliability (uptime) sucks

This is weird, I never experienced a downtime this past few years. (at least during my time online)

[janbrzeski]

-> Reliability (uptime) sucks

This is weird, I never experienced a downtime this past few years. (at least during my time online)

What I meant is them shutting down trading or new registrations during the most important (peak) periods

[Typogre12]

The main and the biggest problem for me I think is their customer support SUCKS. They always do, they don't reply to you or even take days to reply to you just saying "we will look into that matter". WTF They replied after few days and you will have to wait another few days to get resolve.