How to Choose the Best Cryptocurrency Exchange

[bungphe]

A reliable exchange is one that will not let customers register to its service without a minimum of KYC (Know Your Customer) measures. To prevent money laundering and other illegal financial operations, an exchange should verify customers identity and be able to research their financial background by asking them to submit 2 or more pieces of identification. Due diligence should be done by the exchange not only on the customers but also on the coin they list. If an exchange lists scam coins or coins that are not known as reliable, it may be a sign that the exchange may not be truly trustable.

[1714163532]

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[stefany101]

It is better to trade on those crypto exchanges which having a good security to assure that our funds is safe, lower transaction fees, legit exchange/s, having much volume of USD, and requires confirmation before accessing the account.

[vladdani]

Have you guys heard of Cryptology exchange? Maybe somebody works there.

[chamika888]

i would look for

Level of liquidity
Transaction fee structure
Exchange rate
Transparency of coins, prices and volumes data
Payment options
Geographical restrictions

[Catswold]

Bitfinex is the Cryptocurrency Exchange that has the biggest market. You can buy directly Bitcoin with Dollars, and you can trade some other atl-coins also. There are around 15 different cryptos you can trade on Bitfinex, with the most popular as Ethereum, Litecoin, Bitcoin Cash, Monero, Neo and more !

[manggis97]

In my opinion category of good exchanges is they has been operated more than 2 years and during this times they never get any hack or others problem, they has good reputation and that exchanges should be listed potential coin wity high trading volume. In my opinion these exchanges is Bittrex,  Poloniex and HitBTC.

[coinfinger]

In my opinion category of good exchanges is they has been operated more than 2 years and during this times they never get any hack or others problem, they has good reputation and that exchanges should be listed potential coin wity high trading volume. In my opinion these exchanges is Bittrex,  Poloniex and HitBTC.

Operation for more than 2 years does not really count, how you have been able to stand the test of time and improve on the exchange to me is what counts the most. Asides bittrex, I would not even dabble into poloniex or HitBTC, most especially HitBTC in particular.

If you are looking for an exchange, try checking review to see what people are saying about it and trust me, an exchange without a reliable support is not a good exchange at all, most especially when the platform is the sort of platform that has always been known to flop over the years.

There are very great exchanges coming up daily and doing great, and to me, I would rather go for the likes of bittrex or bitfinex if you even want to mention a reliable old exchange, or go for the new ones such as binance and Kucoin.

[bitgolden]

i would look for

Level of liquidity
Transaction fee structure
Exchange rate
Transparency of coins, prices and volumes data
Payment options
Geographical restrictions

So far, I would say liquidity and transaction fee has actually been the best approach to choosing an exchange, coupled with some reputations as well anyway and the level of transparency as well in the things that are done. Transaction fee has always been one thing for a whole lot of volume traders which is the reason why they would prefer a platform where they can rather get fees cheaper without the exchange taking a chunk of what they are trading.

Trying to find a reputable exchange is still very much important for anyone who wants to make a good decision when it comes to choosing exchange.

[Iluka]

Best crypto exchanges wll be borned in next 1-2 years and it will be an hybrid exchanges by Binance and Bitfinex.

[karungbitcoin]

I used some different exchange and all of them is trusted and legit exchange, regulated and  they are a few years already operating and has high trading volume. I used Poloniex and Bittrex in 2015 and they still good untill now, and i also used Binance that become the biggest exchange for now.

[rose9696]

We do not need to look any further, Binance is definitely the best trading platform. Although its fees are quite high compared to other exchanges, it has excellent supporters in many countries and their security systems are excellent. We always need safety in investing.

[Malamok101]

Then pick a good exchanger that have a 24hours volume to buy and sell your coin every hours and minutes but now we should go to top 10 exchanges that suited for good prices.

[Crypto Girl]

While choosing the cryptocurrency exchange, I would consider some crucial facts like the trade volume, online status, user experience & availability of pairs to trade. Other factors like fees and temporary issues can be neglected if the first set is smooth enough to trade.

Also my thoughts, like sometimes we're getting what we've paid for and if trading witha small fee will compromised our transaction, it will be useless then. I'm also looking for a friendly interface that doesn't need to do kyc to be able to withdraw and knowing if the response rate of their support. Like we can't be certain when we will be at mess.

[BlackPanda]

To choose the best exchange, you should see the track record and facilities provided on the exchange. In calculations, I am very confident that Bittrex is one of the best exchanges. With a variety of services available and also a good level of security, Bittrex can be the first choice. Choose Bittrex and you will get a very good trading experience.

[hahay]

I don't think it's complicated to choose the exchange with what coins you want to trade, you can check on coinmarketcap and you can see the trading volume on each exchange, by choosing high trading volumes etc. then I think you can try trading on one of these exchanges comfortably with good service and security, the fees problem in trading I think is according to the needs of each individual.

[secondbtc]

To choose the best exchange you need to focus on this points

-Fast Withdrawl
-Support Service
-Fiat Pair Support [ Fiat pair is generally assigned to an exchange after full kyc ]
-Community

Many people think a Decentralised exchange is secure but, decentralized exchange is also hacked  for example Bancor

[TheReverend]

great tips for those who want to start trading on crypto.
it really doesn't have to be all, because there are lots of exchange sites, if you want to try all the sites, please.
but it would be better if you review it first before starting.

[bcoinseliot]

The essential factors are deposit/withdrawal fees, security, payment methods, limits, liquidity, availability of trading pairs, and verification process. There is one more factor for newbies – acceptance of fiats. Among the platforms that allow depositing with fiat money, CEX is probably the best one (https://cex.io/btc-eur). It has a high level of security and a user-friendly interface.

[faceoff97]

You can use arbitraging platform to see how do major exchanges differs from each other. This couLD help you also gain profit from trading from oje exchange to another. Check out Bitsgap, its the latest and free of charge platform. Its free thus year but planning to make subscription fee next year, so give it a try now. But be reminded that after trading, transfer your funds in your own wallet, open source wallet like arminy, electrum and Hodler wallet would be the best choice.