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Author Topic: How to choose exchange. My experience  (Read 474 times)
cryptolord2077
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June 02, 2018, 04:00:30 PM
Last edit: June 03, 2018, 03:45:31 AM by cryptolord2077
Merited by r1f696 (5), rolik2001 (2), LiluSG (2), dgross0818 (2), becapital (2), milewilda (1), jokowi (1), Rookie29 (1), moepaing (1), Apple4myCat (1)
 #1

Hello! I have been participating in the bounty since March this year. And I want to share my experience with the use of crypto-exchange exchanges.
At the moment, I have about 60 paid bounty coins (most are not yet traded, and I have already sold some). And about 80 coins with paid airdrops.

Let's start

1. https://www.binance.com/

The exchange on which I sold my first tokens. Exchange of high quality and high level of security. But it rarely happens on the listing of coins.

   Pros:
  • low commissions of trade
  • fast
  • intuitive interface
  • high level of security
  • large volumes

   Minuses:
  • little tokens we need, they do not often leaf it
  • commission for the withdrawal of at least 0,01 ETH, keep in mind if you want to merge a small amount

   Conclusion: I recommend for constant trading


2. https://forkdelta.github.io/

Exchange fork etherdelta, they have one smart contract. The exchange is similar to a drain pit. Many of those coins that have not yet entered the normal exchanges are traded, usually not large volumes. The price is often much lower than the ICO. I prefer to use this exchange only as a last resort, it is better to wait for the coin to exit to a normal exchange and sell at a higher price.

   Pros:
  • low commissions
  • verification is not needed for withdraw
  • a lot of tokens

   Minuses:
  • no intuitive interface
  • sometimes slows down

   Conclusion: I recommend in cases when you need to merge a coin into which you do not believe or buy cheaply the one in which you are sure.


3. https://idex.market/

One of my favorite exchanges. Good volumes. I would recommend that novices take a closer look at it. Of course, not without flaws.
   Pros:
  • low commissions
  • verification is not needed for output
  • a lot of tokens
  • good volumes
  • a fairly clear interface

   Minuses:
  • laggy, sometimes strongly
  • sometimes you have to wait for transactions
  • the minimum amount for an order  0.15 ETH (keep in mind at small volumes)

   Conclusion: I recommend for constant trading


4. https://hitbtc.com/

Exchange with a suspicious reputation and good volumes. Personally, I have no problems with this exchange. I sold on it several types of coins, including the unsuccessfully sold MTC which is now very much increased in price.

   Pros:
  • verification is not needed for withdraw
  • a lot of tokens
  • good volumes
  • friendly interface
  • there is a demo version of the platform

   Minuses:
  • is very slow on the list of tokens
  • a lot of feedback about the delay and freeze of transactions
  • if the network is overloaded, there is a risk that ETH can hang for 4 weeks (they warn about it)

   Conclusion: I recommend for trading carefully


5. https://www.kucoin.com/#/

KuCoin - the Hong Kong stock exchange Crypto-currency. Fast and safe.

   Pros:
  • a lot of currency pairs
  • fast
  • low commissions
  • friendly interface
  • verification is not needed to withdraw up to 2x BTC
  • mobile application
  • it is possible to receive income by storing  tokens on the balance

   Minuses:
  • not convenient graphs for analysis
  • the minimum commission for withdrawal 0,01 ETH

   Conclusion: I recommend for constant trading


6. https://trade.qryptos.com/

The Japanese exchange of crypto currencies is known primarily as a large exchange operator QUOINEX. Does not support fiat currencies.
Registered for the sake of one coin, as a result of 3 weeks waiting for verification to withdraw.

   Pros:
  • low commissions

   Minuses:
  • verification is necessary for withdrawal (2-3 weeks)
  • no intuitive interface /li]
Conclusion: I do not recommend it. You can trade, but before the deposit go through verification.


[!] In all listed above exchanges there is a way of 2 factorial authorization ALWAYS use it!
[!] Add all exchanges to bookmarks, and never go from search engines!
[!] Three times double-check the purse number before deposit and withdrawal.

Useful links:

Boat notifying about the listing of coins: https://t.me/coin_listing
Service in which you can set up alerts for interesting coins, their volumes, exchanges: http://icowatchdog.com


These are not all exchanges with which I happened to interact, the post will be updated.

Thank you for your attention.
Sorry for the mistakes in my English. I just want to share my experience.

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Cryptoreflector_666
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June 02, 2018, 04:13:30 PM
 #2

Thanks! Really interesting and helpfull article

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June 02, 2018, 04:38:44 PM
 #3

Well, as a bounty hunter there's no better choice than decentralized one. But as a trader, I use Binance (because their beautiful UI, high level  security, no need KYC and the volume) and one of my local exchange 😂

I'm looking for a new experience in marketing Smiley
Telegram : @rijaljun
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June 02, 2018, 04:49:16 PM
 #4

There is no doubt that Binance is the best exchange i have ever used. i also use other exchanges among which Kucoin and HitBTC are also recommendable. I think Idex should try to work a little more on on the site, because it can be very slow in processing transactions sometimes. Although, this also happens to some big exchanges.
Folkdelta is another exchange that needs a lot of technical inputs. There are times some orders would have been executed, yet they will be shown as if they have not been executed. I think this needs to be worked upon.

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June 02, 2018, 04:53:33 PM
 #5

My suggestion is binance. There are a lot of coins here, the biggest volume of transactions. If you hold a large number of coins, it is very convenient to sell here.
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June 02, 2018, 05:20:51 PM
 #6

OP you sure have a lot of time for bounties. Just be sure to have a little time for yourself  Grin anyway the best exchanges I have been using are binance and kucoin. I have used hitbtc a few times, my problem with hitbtc is that it's very lag in my android, it takes 5sec or more for every action I made like clicking or inputing.
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June 02, 2018, 05:46:02 PM
 #7

My suggestion is binance. There are a lot of coins here, the biggest volume of transactions. If you hold a large number of coins, it is very convenient to sell here.
Binance is good exchanges everyone accepted but we should choose profitable and promising exchanges so we can pick some other trading site it will make profit. I think many traditional exchanges are really more convenient to sell in the altcoins and many new altcoins are occupy the more space in Binance so we should analyse the best platform then buying or selling the Cryptocurrency.

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Xelpherpolis
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June 02, 2018, 05:54:26 PM
 #8

Here is not told about the Yobit stock exchange, but I advise you not to work with it. I have no words to describe my impressions, just trust me.
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June 02, 2018, 08:17:07 PM
 #9

You wrote very briefly and all in fact. There is no unnecessary information.
Exchanges today appear as mushrooms after the rain. And this I'm not talking about different local ones that are geared towards a certain country, not the whole world. Even you in the description paid quite a lot of attention to two very young exchanges.
 I like this trend and for me some old stock exchanges become irrelevant, but new ones are attracted by their interface and efficiency.
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June 02, 2018, 08:20:26 PM
 #10

I would certainly not include forkdelta and qryptos in this list. One is unusable and the authorities are making a very late return. It reminded me of the situation before poloniaex was sold.

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June 03, 2018, 11:04:56 PM
 #11

Here is not told about the Yobit stock exchange, but I advise you not to work with it. I have no words to describe my impressions, just trust me.

I did not even try. Heard many negative reviews about this exchange.
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June 03, 2018, 11:17:40 PM
 #12

Thank you for this report on your experience with bounty campaigns. I have had similar experience with bounties such as Binance and others. I find that bounties with smaller pools of participants are much more rewarding
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June 03, 2018, 11:22:02 PM
 #13

I do not recommend using it.(Hitbtc and qryptos) Because very bad exchane and qryptos does not always allow withdrawals.
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June 05, 2018, 03:23:26 PM
 #14

Thanks a lot. It is really a heplfull post. Many people get hesitate to choose which one is the best or good to them. I hope your post will help lot of people.
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June 05, 2018, 03:29:11 PM
 #15

If you are talking soecifically about the bounty humters that want to sell the reard tokens quickly i think they need only forkdelta and idex as these two exchange quickly lists the tokens, i do not know how you have posted the names of exchanges like binance, kucoin etc because they do not list a new token easily.

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June 05, 2018, 03:40:31 PM
 #16

Binance is the best of all, due to its high security, beginners friendliness, and high volume, it's highly recommended for traders.
All centralized exchange are good and are highly secure such as Hitbtc, kucoin, and others.
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June 05, 2018, 03:46:54 PM
 #17

As far as i know binance is good. Many coins are available there and the trade quantity also very large. It is effective for you sell your coin here.
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June 05, 2018, 09:20:30 PM
 #18

Good work, mate. I think beginners need this information to begin with. Some get tokens and do not know where it's more profitable and faster to sell. Develop further!
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June 05, 2018, 09:37:49 PM
 #19

Agrees with the entire list except the last exchange. She is not very comfortable and trades very badly there. And a long verification without which it is impossible to withdraw funds. I do not advise anyone on this exchange

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June 05, 2018, 10:41:42 PM
 #20

I just found out that qryptos is an exchange from Japan, there are still many other better exchanges from this list.
thanks for sharing.

                                                                               
                 
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