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Question: Choose 4 (four) most influencing parameters for you, when you decide, what exchange to use for trading.
1. Crypto-favorable country of Exchange's registration - 11 (6%)
2. High degree of security - 49 (26.6%)
3. Fast and excellent customer support - 27 (14.7%)
4. Reliable reputation and positive clients feedbacks - 37 (20.1%)
5. The lowest fees - 20 (10.9%)
6. Ability to buy/sell at best prices - 16 (8.7%)
7. Availability of margin or/and derivatives trading - 8 (4.3%)
8. Ease of use - 16 (8.7%)
Total Voters: 60

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Author Topic: How you choose the exchange for trading? Vote!  (Read 530 times)
Jekbolt
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February 13, 2018, 11:35:52 AM
Last edit: February 19, 2018, 10:50:18 PM by Jekbolt
#1

Hello crypto fans!

I have drafted a topic summarizing (with your help) all types of existing and upcoming crypto exchanges: https://bitcointalk.org/index.php?topic=2918431.0

Now, to make that information even more usable, through evaluating each type of exchange,
let's consider the primary concerns of traders (us). That info will also help current and future Exchanges to fit our (traders) needs.

By voting on that topic kindly choose 4 (four) most influencing parameters for you, when you decide, what exchange to use for trading.



Here are the list of parameters and short explanations:


1. Crypto-favorable country of Exchange's registration
Means a comparatively low risk of exchange closure by regulators.
 

2. High degree of security
Means cold storage of crypto, 2FA, perfect protection of clients private data and funds.
 

3. Fast and excellent customer support


4. Solid reputation and positive clients feedbacks


5. The lowest fees on the market
Means the lowest total cost of trading: including deposit fee, trade fees, withdrawal fee and best limits policy.


6. Ability to buy/sell at best prices
Means an abundance of trading pairs, liquidity, real-time & not-fake auctions leading to most transparent prices. Trade indicators, price alerts, and other notification signals, ability to use TA instruments.


7. Availability of margin or/and derivatives trading


8. Ease of use
Means a quite simple interface of an exchange.


Vote to make the crypto world more attractive for you and newcomers!
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February 13, 2018, 12:48:08 PM
#2

This is indeed a good list of good exchange parameters. The top four parameters I chose:

1) Crypto-favorable country of Exchange's registration - Certainly you wouldn't want to set up an exchange in China right now.
2) High degree of security - Can't be traded with any other parameter
3) Fast and excellent customer support - Hint:Poloniex
4) Ease of use - For people like me, who aren't a big fan of advanced features.

I did not choose "lowest fees" and "Ability to buy/sell at best prices" because these things are already competitive and so no big difference.
"Availability of margin or/and derivatives trading", haven't tried these features. I just go for market price, LOL!

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February 13, 2018, 12:58:05 PM
#3

I trade on bitfinex and for me is:
  • High degree of security
  • Reliable reputation and positive clients feedbacks
  • Availability of margin or/and derivatives trading
  • Ease of use

I love margin trading. If you dont make lot of mistakes this is a great opportunity to earn good money. The main thing is to learn to close positions on time.
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February 13, 2018, 01:19:57 PM
#4

For me main parameters are - high degree of security, solid reputation and positive clients feedbacks, the lowest fees on the market (Binance), availability of margin trading (Bitfinex).
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February 13, 2018, 01:36:09 PM
#5

1. Crypto-favorable country of Exchange's registration.
2. High degree of security.
3. Fast and excellent customer support

I chose these three parameters and if all three have been given to the user (trader), I am sure other parameters will be available in exchange itself.
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February 13, 2018, 01:40:49 PM
#6

I usually trade at Bittrex since
  • It has tight security like 2FA, you wont be able to login/send coins without the 2Fa code
  • They have fiat trading
  • I think the fees are low compared to others
  • trusted by the community since it is popular
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February 13, 2018, 01:41:31 PM
#7

I consider one of the main criteria for choosing-it security and the ability to quickly withdraw its investments!
Regards Denis!
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February 13, 2018, 02:06:23 PM
#8

I really like Poloniex and Binance :

- Tight security like 2FA, you wont be able to login/send coins without the 2FA Code.
- They have Fiat Trading.
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February 13, 2018, 02:12:03 PM
#9

I think the main factor for people is the universality, and of course the lack of verification, I do not like when I request documents some sort of exchange, which does not guarantee the safety of my personal data.
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February 13, 2018, 02:20:05 PM
#10

I only choose famous exchange which has positive feed back from its users. Some exchanges which not so popular are mostly have problem with its operations. For example, I saw merchatox exchange did so many maintenance in a month, some people have problem with it withdrawls as well. But actually it is good exchange site with nice UI, it just so fragile.

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February 13, 2018, 02:28:13 PM
#11

Main things for me are security (reputation), and the different varieties of coins that the exchange offers. Based on these, I've mainly been using bittrex, binance, and kucoin.

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February 13, 2018, 02:54:25 PM
#12

I always have a look at the structure of the team behind the exchange. There have to be guys that I can trust, I always look at their history in their social media accounts or something. If I cannot find information about the team I dont trade on that  exchange!
Jekbolt
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February 13, 2018, 03:20:40 PM
#13

Thanks you all for votes and comments!!!! please don't forget to vote (not only comment=)...

We need to up this topic to get more respondents/votes for more reliable final poll's results.
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February 13, 2018, 03:26:47 PM
#14

I choose those stock exchanges where -
- more coins are traded.
 - a simple and intuitive interface
 - where the relatively low risk of closing the exchange by regulators.
- where a relatively high degree of security.
- where withdrawal takes place quickly.
For me, at the moment, for these criteria correspond Bittrex, Poloniex, Kucoin

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February 13, 2018, 03:30:21 PM
#15

Hello crypto fans!

I have drafted a topic summarizing (with your help) all types of existing and upcoming crypto exchanges: https://bitcointalk.org/index.php?topic=2918431.0

Now, to make that information even more usable, through evaluating each type of exchange,
let's consider the primary concerns of traders (us). That info will also help current and future Exchanges to fit our (traders) needs.

By voting on that topic kindly choose 4 (four) most influencing parameters for you, when you decide, what exchange to use for trading.



Here are the list of parameters and short explanations:


1. Crypto-favorable country of Exchange's registration
Means a comparatively low risk of exchange closure by regulators.
 

2. High degree of security
Means cold storage of crypto, 2FA, perfect protection of clients private data and funds.
 

3. Fast and excellent customer support


4. Solid reputation and positive clients feedbacks


5. The lowest fees on the market
Means the lowest total cost of trading: including deposit fee, trade fees, withdrawal fee and best limits policy.


6. Ability to buy/sell at best prices
Means an abundance of trading pairs, liquidity, real-time & not-fake auctions leading to most transparent prices.


7. Availability of margin or/and derivatives trading


8. Ease of use
Means a quite simple interface of an exchange.


Vote to make the crypto world more attractive for you and newcomers!
These are the qualifications of good exchange
2. High degree of security  - because the first thing we need to do is to protect our investments from the hackers.
3. Fast and excellent customer support - if we got some issues customer support shoud be excellent to help us resolve our issues
4. Solid reputation and positive clients feedbacks - a good community feedback and plus a trusthy platform would be needed to be sure that they wont scam their users
5. The lowest fees on the market - lowest fees means more opportunity to trade more coins,

And my best exchange would be binance because it has all of these qualifications.

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February 13, 2018, 03:38:58 PM
#16

Why nobody tell about p2p localbitcoins strong features - if it does not have such, then why their volume is growing??  Undecided

https://coin.dance/volume/localbitcoins
Jekbolt
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February 13, 2018, 03:43:44 PM
#17

Hello crypto fans!

I have drafted a topic summarizing (with your help) all types of existing and upcoming crypto exchanges: https://bitcointalk.org/index.php?topic=2918431.0

Now, to make that information even more usable, through evaluating each type of exchange,
let's consider the primary concerns of traders (us). That info will also help current and future Exchanges to fit our (traders) needs.

By voting on that topic kindly choose 4 (four) most influencing parameters for you, when you decide, what exchange to use for trading.



Here are the list of parameters and short explanations:


1. Crypto-favorable country of Exchange's registration
Means a comparatively low risk of exchange closure by regulators.
 

2. High degree of security
Means cold storage of crypto, 2FA, perfect protection of clients private data and funds.
 

3. Fast and excellent customer support


4. Solid reputation and positive clients feedbacks


5. The lowest fees on the market
Means the lowest total cost of trading: including deposit fee, trade fees, withdrawal fee and best limits policy.


6. Ability to buy/sell at best prices
Means an abundance of trading pairs, liquidity, real-time & not-fake auctions leading to most transparent prices.


7. Availability of margin or/and derivatives trading


8. Ease of use
Means a quite simple interface of an exchange.


Vote to make the crypto world more attractive for you and newcomers!
These are the qualifications of good exchange
2. High degree of security  - because the first thing we need to do is to protect our investments from the hackers.
3. Fast and excellent customer support - if we got some issues customer support shoud be excellent to help us resolve our issues
4. Solid reputation and positive clients feedbacks - a good community feedback and plus a trusthy platform would be needed to be sure that they wont scam their users
5. The lowest fees on the market - lowest fees means more opportunity to trade more coins,

And my best exchange would be binance because it has all of these qualifications.


And you will not switch binance to another exchange if that another exchange has the same parameters but no any fees at all?
khaled0111
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February 13, 2018, 04:59:56 PM
#18

I usually use the most user friendly exchange that does not require verification and of course supports my tokens.
Security is a must also especially when we know that many exchanges have been hacked lately.
Another criteria is fees, I use only exchanges that take small fees, many of them became so greedy and some times you have to pay more fees than what you win from trading.

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Jekbolt
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February 13, 2018, 05:14:28 PM
#19

I usually use the most user friendly exchange that does not require verification and of course supports my tokens.
Security is a must also especially when we know that many exchanges have been hacked lately.
Another criteria is fees, I use only exchanges that take small fees, many of them became so greedy and some times you have to pay more fees than what you win from trading.


Ha-)
I guess it's hard to reach the full security for the exchange and not require verification from users, at the same time.
Arngrim
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February 13, 2018, 05:20:29 PM
#20

3. Fast and excellent customer support
This one should be long term. Issues with so many trading websites. When they stay longer they get too tired to answer customer issues. Don't want that to happen. Anytime a problem can pop up and you dont want to get stuck with that.
Look at Poloniex and Yobit. They are sinking their own company.

5. The lowest fees
I think anyone would want this.

6. Ability to buy/sell at best prices
Of course we need movements everytime. It means a lot of people are really into the website.

8. Ease of use
I loved binance because of the ease in my eyes and a user friendly kind of service.

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