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Author Topic: Essentials of picking an exchange & the top 11 exchanges  (Read 221 times)
big_bankir
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August 12, 2018, 04:21:39 PM
 #21

I choose the stock exchange according to its functionality. It is very important for me that the exchange is very convenient and easy to use, therefore I choose crypto-exchange exchanges precisely by these criteria.
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August 12, 2018, 04:25:20 PM
 #22

For me it has always been good volume, number of coins listed and good support. This has been my criteria always.
I prefer Binance, Kucoin and Huobi as they all have good volume, lot more coins lusted and an awesome support team
The charges are on the higher side, but that is okay for me. I have heard many bad reviews about some of them, but as long as it is  not hampering me. I am okay with them.

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AbduRRozzaqAbduLLah
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August 12, 2018, 05:32:21 PM
 #23

To achieve best benefit, trusted and credible exchange platform should be used,  binance and kucoin among others seem ok
Marlo Stanfield
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August 12, 2018, 05:46:58 PM
 #24

Even if you pick the best and most trustworthy exchanges to use, history as shown time and time against that you should basically never keep any significant value on them. Even some of the most respected exchanges can and have blown up in the past.
dgoswami12
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August 12, 2018, 06:36:22 PM
 #25

Really good read: https://www.tokenmaven.com/the-top-10-cryptocurrency-exchanges-of-2018-572-2/

What do you guys think?? How do you pick your exchanges?
I regularly use two exchanges Kucoin and Binance , for Crypto Fiat direct buying another exchanges. And i dont like exchanges like Hitbtc , Gate.io for  High Withdrawl fees and not so user friendly interface. But never keep assts on exchanges if not so important , withdraw in respective Wallet.

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August 17, 2018, 04:05:50 AM
 #26

Top exchanges are less risky that’s why investors are always choosing those exchange. From my perspective, I think Coinbase is the best exchange.
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August 17, 2018, 06:41:44 AM
 #27

The article posted in the OP is very informative already.
You can get so many pointers from that single article alone.
For me, I'll just stick to big ones where I keep my bitcoin.
For tokens or other altcoins, I'll just trade them to exchanges where they are currently tradeable.
But afterwards, getting bitcoin/eth out of it, I usually convert it to doge for transfer purposes.
You know, very minimal charge as compared to bitcoin.
And then, send it to my trusted exchange where I keep my other coins.
And for me, up until now, polo and bittrex are my trusted ones.
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August 17, 2018, 06:59:41 AM
 #28

The low transaction fees of an exchange, listing of coins, security and liquidity levels are very critical to me not just big names of exchanges!
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August 17, 2018, 09:54:05 AM
 #29

We try to stick with the anonymous bitcoin and altcoin exchanges, as the KYC/AML procedures in certain countries can be quite terrible.

Then there are the countries with different regulations, taxes or plans to ban crypto currencies. The more anonymity purchasers and traders of altcoins have, the better.

Anonymity is part of crypto industry and we all want to be pseudonymous so we can have this full privacy that's why I'm picking hence using exchange sites that doesn't need to undergo kyc for withdrawing my funds. Even though decentralized exchange don't have full security that we want but still we remain here anonymous.

I'm into also in having a fast support that we can reach whenever we got mess and I don't mind the fees as long as I'm getting the services that I paid for.

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August 17, 2018, 10:54:35 AM
 #30

Really good read: https://www.tokenmaven.com/the-top-10-cryptocurrency-exchanges-of-2018-572-2/

What do you guys think?? How do you pick your exchanges?

I personally picked exchanges based on several reasons but the major one is a security of our funds. I always look for the exchanges which can give the best security for my funds and then i look for the transaction and other network fees which also matters a lot if you are day trader or investor, and then i look for the things like their chart analysis tools, deposit and withdrawal methods, their back office and  support team and many more else.

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