Bitcoin Forum
January 18, 2019, 06:26:26 AM *
News: Latest Bitcoin Core release: 0.17.1 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: Choose and evaluate 4 (four) most influencing parameters for you, when you decide, what exchange to use for trading.
1. Crypto-favorable country of Exchange's registration - 2 (2.9%)
2. High degree of security - 20 (29%)
3. Fast and excellent customer support - 10 (14.5%)
4. Reliable reputation and positive clients feedbacks - 10 (14.5%)
5. The lowest fees - 11 (15.9%)
6. Ability to buy/sell at best prices - 10 (14.5%)
7. Availability of margin or/and derivatives trading - 1 (1.4%)
8. Ease of use - 5 (7.2%)
Total Voters: 23

Pages: « 1 2 [3]  All
  Print  
Author Topic: How to Choose Crypto Exchanges. Vote!  (Read 295 times)
shulio
Legendary
*
Offline Offline

Activity: 1484
Merit: 1016


View Profile
February 15, 2018, 09:18:54 AM
 #41

I will check the security, fee amount and the exchanges reputation around the traders. Also the daily trade volume is also important.
1547792786
Hero Member
*
Offline Offline

Posts: 1547792786

View Profile Personal Message (Offline)

Ignore
1547792786
Reply with quote  #2

1547792786
Report to moderator
1547792786
Hero Member
*
Offline Offline

Posts: 1547792786

View Profile Personal Message (Offline)

Ignore
1547792786
Reply with quote  #2

1547792786
Report to moderator
1547792786
Hero Member
*
Offline Offline

Posts: 1547792786

View Profile Personal Message (Offline)

Ignore
1547792786
Reply with quote  #2

1547792786
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1547792786
Hero Member
*
Offline Offline

Posts: 1547792786

View Profile Personal Message (Offline)

Ignore
1547792786
Reply with quote  #2

1547792786
Report to moderator
1547792786
Hero Member
*
Offline Offline

Posts: 1547792786

View Profile Personal Message (Offline)

Ignore
1547792786
Reply with quote  #2

1547792786
Report to moderator
1547792786
Hero Member
*
Offline Offline

Posts: 1547792786

View Profile Personal Message (Offline)

Ignore
1547792786
Reply with quote  #2

1547792786
Report to moderator
Jekbolt
Member
**
Offline Offline

Activity: 266
Merit: 20


View Profile
February 15, 2018, 09:33:04 AM
 #42

I will check the security, fee amount and the exchanges reputation around the traders. Also the daily trade volume is also important.

How do you check daily trade volume? You believe to the figures stated by an Exchange or use some other sources?
shulio
Legendary
*
Offline Offline

Activity: 1484
Merit: 1016


View Profile
February 15, 2018, 02:17:12 PM
 #43

I check the daily trade volume from the exchanges trade screens. Other sources, like coinmarketcap, are taking the info from exchanges over api, so they are much the same.
Jekbolt
Member
**
Offline Offline

Activity: 266
Merit: 20


View Profile
February 15, 2018, 09:28:58 PM
 #44

I check the daily trade volume from the exchanges trade screens. Other sources, like coinmarketcap, are taking the info from exchanges over api, so they are much the same.

Thanks for advise!
marsmyname
Member
**
Offline Offline

Activity: 333
Merit: 12


View Profile
February 17, 2018, 06:07:13 AM
 #45

An exchange should have no third-party service to hold users’ funds

CryptoComes.com
Exclusive Blockchain News Journal

That’s true, you’re right. And when choosing an exchanger (especially newbies) should choose an exchanger with a good reputation online and not new exchangers that are yet to have reputation, cause they are taking a very big risk of losing their money. Crypto-favorable country of exchange's registration is one other thing that is quite good to be aware, but not really, cause all exchangers are not the same.

Jekbolt
Member
**
Offline Offline

Activity: 266
Merit: 20


View Profile
February 17, 2018, 09:57:31 AM
 #46

An exchange should have no third-party service to hold users’ funds

CryptoComes.com
Exclusive Blockchain News Journal

That’s true, you’re right. And when choosing an exchanger (especially newbies) should choose an exchanger with a good reputation online and not new exchangers that are yet to have reputation, cause they are taking a very big risk of losing their money. Crypto-favorable country of exchange's registration is one other thing that is quite good to be aware, but not really, cause all exchangers are not the same.

It's interesting question: how newbies choosing an exchange for trading. Actually not for trading but for buying.
holtzmann
Newbie
*
Offline Offline

Activity: 184
Merit: 0


View Profile
February 19, 2018, 09:47:27 AM
 #47

I would like to vote for the security, reliable reputation and ease of use.These criteria are essential and important for any exchange user, in my opinion. I'd name also the lowest fees and quality support as  great bonuses to add when choosing the best exchange amongst secure,reputable and user-friendly.
kissme09
Full Member
***
Offline Offline

Activity: 448
Merit: 100


MenaPay - Crypto made easier than cash


View Profile
February 19, 2018, 10:52:27 AM
 #48

I do not think the eight choices above will be the foundation of option for some people. I care about the platform that has a large user base, has its Altcoin platform. There are many potential altcoin and trading platforms based on that.

DeadCoin
Sr. Member
****
Offline Offline

Activity: 588
Merit: 253


★777Coin.com★ Fun BTC Casino!


View Profile
February 19, 2018, 12:17:31 PM
 #49

High degree of security is must for all sites dealt on currencies. Need to save from hackers. All expect best price to exchange. That has to be considered. Customer support should be in place to have an interaction on issues felt. The sites should be designed to have user friendly features. As said, positive feedback and reviews should be received from the users. This gives the sign of all aspects.

TheUltraElite
Hero Member
*****
Offline Offline

Activity: 938
Merit: 660


Merit? Participate in the forum forget about Merit


View Profile WWW
February 19, 2018, 02:34:48 PM
 #50

I do not think the eight choices above will be the foundation of option for some people. I care about the platform that has a large user base, has its Altcoin platform. There are many potential altcoin and trading platforms based on that.

Having a lot of altcoins listed is not always a good exchange. Take the example as our very close EtherDelta where every ether shittoken gets listed the moment its unlocked. The site had problems recently and users ended up putting their private keys in a impersonating site. Thus losing their tokens and their ethereum.

Decentralized exchanges are far from safe. I would prefer to do KYC and trade on a centralized exchange. However I hope that in future decentralized exchanges become more popular than now and more safer.

.FORTUNE.JACK.
      ▄▄███████▄▄
   ▄████▀▀ ▄ ██████▄
  ████ ▄▄███ ████████
 █████▌▐███▌ ▀▄ ▀█████
███████▄██▀▀▀▀▄████████
█████▀▄▄▄▄█████████████
████▄▄▄▄ █████████████
 ██████▌ ███▀████████
  ███████▄▀▄████████
   ▀█████▀▀███████▀
      ▀▀██████▀▀
         
         █
...FortuneJack.com                                             
...THE BIGGEST BITCOIN GAMBLING SITE
       ▄▄█████████▄▄
    ▄█████████████████▄
  ▄█████████████████████▄
 ▄██
█████████▀███████████▄
██████████▀   ▀██████████
█████████▀       ▀█████████
████████           ████████
████████▄   ▄ ▄   ▄████████
██████████▀   ▀██████████
 ▀██
█████████████████████▀
  ▀██
███████████████████▀
    ▀█████████████████▀
       ▀▀█████████▀▀
#JACKMATE
WIN 1 BTC
▄█████████████████████████▄
███████████████████████████
███████████████████████████
██████████▀█████▀██████████
███████▀░░▀░░░░░▀░░▀███████
██████▌░░░░░░░░░░░░░▐██████
██████░░░░██░░░██░░░░██████
█████▌░░░░▀▀░░░▀▀░░░░▐█████
██████▄░░▄▄▄░░░▄▄▄░░▄██████
████████▄▄███████▄▄████████

███████████████████████████
███████████████████████████
▀█████████████████████████▀
alyssa85
Legendary
*
Offline Offline

Activity: 1358
Merit: 1056


View Profile
February 19, 2018, 02:46:30 PM
 #51

I do not think the eight choices above will be the foundation of option for some people. I care about the platform that has a large user base, has its Altcoin platform. There are many potential altcoin and trading platforms based on that.

Having a lot of altcoins listed is not always a good exchange. Take the example as our very close EtherDelta where every ether shittoken gets listed the moment its unlocked. The site had problems recently and users ended up putting their private keys in a impersonating site. Thus losing their tokens and their ethereum.

Decentralized exchanges are far from safe. I would prefer to do KYC and trade on a centralized exchange. However I hope that in future decentralized exchanges become more popular than now and more safer.

That's due to phishing, and not a problem with the original exchange. No exchange can save users from being foolish and clicking on phishing ads on Google.

francedeni
Full Member
***
Offline Offline

Activity: 518
Merit: 100


MenaPay - Crypto made easier than cash


View Profile
February 19, 2018, 03:40:55 PM
 #52

I would like to vote for the security, reliable reputation and ease of use.These criteria are essential and important for any exchange user, in my opinion. I'd name also the lowest fees and quality support as  great bonuses to add when choosing the best exchange amongst secure,reputable and user-friendly.
These are also my choice when choosing crypto exchange; reliable reputation with positive clients feedback and ofcourse the security. Yes security are very important for an exchange for a better processed in when using the exchange. There are many factors to consider because for us not lose any single amount when we have funds in the exchange.

Jekbolt
Member
**
Offline Offline

Activity: 266
Merit: 20


View Profile
February 20, 2018, 10:33:00 PM
 #53

The same poll but published by me on the another up-thread show slightly different results-) it's interesting...
Flickkk
Full Member
***
Offline Offline

Activity: 266
Merit: 101


Blurred man on a Fake Taxi B)


View Profile
February 20, 2018, 10:36:54 PM
 #54

Even though it is not fast .
we just need security on putting our coin on a Exchanger  so we dont have to
worry about it

joaco
Member
**
Offline Offline

Activity: 64
Merit: 22


View Profile
February 20, 2018, 10:55:12 PM
 #55



How, for example, do you check the reputation of an Exchange? Are you just asking on btk or use some other sources?

Google the name of the exchange + "scam". When people have problems they post about it on reddit or in forums like this - and it will come up in the search results with "name-of-exchange scam".

Read all those posts to see what the problem is. Sometimes it's obvious that it's user error and they're just blaming the exchange because they don't want to admit they cocked up. But other times, they highlight serious problems with teh exchange. Look in particular for difficulties in withdrawing funds.

There will always be people with problems, doesn't matter the exchange. 50% of the people investing in crypto is a bit dumb.

The most important thing to look for is that you can withdraw your funds when you want, have 2FA, low exchange fees and liquidity. Binance is one of the best exchanges right now, I also like Kucoin, but there are some DEX trying to highlight.
mornabo
Hero Member
*****
Offline Offline

Activity: 1036
Merit: 500



View Profile
February 21, 2018, 01:45:06 AM
 #56

I will check the security, fee amount and the exchanges reputation around the traders. Also the daily trade volume is also important.

How do you check daily trade volume? You believe to the figures stated by an Exchange or use some other sources?
To be trusted or not I think daily volume doesn't really affect. unless you are an active trader of course a large daily volume will be much needed
the reputation of an exchange must also be checked, certainly to avoid cheating, fraud and scam from these sites.
customer support is friendly and fast response is also very needed, sometimes technical problems come at any time right?
cheap fees on trading and withdraw is also very necessary lol

﹝CRYPTRADE﹞
◉ Decentralized Exchange ◉
✔ Share Profits ✔ CryptradeCoin ✔ High ROI ✔ Masternode ✔ PoS ✔ BTS2.0
 ▼ ANN ▲ Twitter ▼ Discord ▲ Website ▼ Vote ▲ MNO   ★﹝CryptoBridge Listed﹞★ 
Jekbolt
Member
**
Offline Offline

Activity: 266
Merit: 20


View Profile
February 22, 2018, 06:48:26 AM
 #57

I will check the security, fee amount and the exchanges reputation around the traders. Also the daily trade volume is also important.

How do you check daily trade volume? You believe to the figures stated by an Exchange or use some other sources?
To be trusted or not I think daily volume doesn't really affect. unless you are an active trader of course a large daily volume will be much needed
the reputation of an exchange must also be checked, certainly to avoid cheating, fraud and scam from these sites.
customer support is friendly and fast response is also very needed, sometimes technical problems come at any time right?
cheap fees on trading and withdraw is also very necessary lol

Someone likes Kraken exchange support. Yes,, they are good but waiting 15 days for 3 sentences reply!! and then again 14 days and again - stupid support! IS it so hard to hire 100500 support agents from Philippines?
NeverSop
Member
**
Offline Offline

Activity: 280
Merit: 10

CRYPTOCURRENCY FOR THE GAMBLING INDUSTRY


View Profile
February 22, 2018, 07:15:30 AM
 #58

For me the top priority to be able to choose Exchange for commerce is security, because crypto is anonymously so when lost it can not be retrieved so the security of the commercial site must be true. good to ensure the safety of the property of investors. Next comes features such as low transaction fees, reputation in the community, good investor support. There are some criteria that I usually choose to trade.

Jekbolt
Member
**
Offline Offline

Activity: 266
Merit: 20


View Profile
February 23, 2018, 06:19:59 AM
 #59

For me the top priority to be able to choose Exchange for commerce is security, because crypto is anonymously so when lost it can not be retrieved so the security of the commercial site must be true. good to ensure the safety of the property of investors. Next comes features such as low transaction fees, reputation in the community, good investor support. There are some criteria that I usually choose to trade.

Do you prefer to use one or many exchanges? If many then how many?
Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Bitcointalk.org is not available or authorized for sale. Do not believe any fake listings.
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!