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Author Topic: What attracts you to a good crypto exchange?  (Read 36551 times)
Cyptobonds1
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August 28, 2018, 11:07:54 PM
 #61

There few things that attract traders to exchange site,  most times people look at the quality and popularity of the exchange and how often good they are to there users, are they worth trusted or not do their site got hacked or often get hack,  because people are mostly concerned on loosing their fund. Another thing people look at in trading on a particular exchange is the charges of the trade, people are most concerned about the percent been deduct when buying or selling, so a good exchange 80% of this quality, bet me you will love them.

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August 28, 2018, 11:23:25 PM
 #62

The factor that drives me to use crypto exchange is security, speed and low cost. Crypto exchange security is very important. When I save my assets on an exchange I must be sure that my assets cannot be stolen.
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August 28, 2018, 11:52:25 PM
Last edit: August 29, 2018, 12:04:25 AM by Crypto_circuit
 #63

Although there are obvious benefits to using certain crypto exchanges over others such as high liquidity and the ability to use your fiat currency (not so difficult for those USD holders), but what other factors attract you to a crypto exchange?

Well, for a cryptocurrency being so complicated, The first requirement is an exchange that create a user friendly ecosystem that enables both newbie and experts engage in buying and selling of crypto assets.

Also, we are proposing cryptocurrency going mainstream, for this to happen an exchange needs to provide a seamless entry and exit strategy i.e a two way value conversion (Fiat to cryptocurrency and cryptocurrency to fiat)

The transaction fee to trade on an exchange needs to be reasonably low and the withdrawal few also need to be low for traders to be able to easily move in and out an exchange.

Security and confidence is very important for a crypto exchange, investors, traders and stake holders need to be assured that the cryptocurrency exchange of choice is well secured from cyber attacks and malicious acts.

Also, once in a while investors need supports for their challenges while using an exchange. The exchange of choice need to provide adequate support for their users.

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August 29, 2018, 01:26:07 AM
 #64

Although there are obvious benefits to using certain crypto exchanges over others such as high liquidity and the ability to use your fiat currency (not so difficult for those USD holders), but what other factors attract you to a crypto exchange?

The first thing that attracts me to an exchange is the security. While I'm all about making good profits from my trading, I'm very much concerned about secured my capital and profits are kept. Next, I try to check for the exchange's volume. I'm a huge fan of an exchange that has high liquidity and solid volumes as coins with volunes tends to make moves you would not have imagined.



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August 29, 2018, 01:28:53 AM
 #65

Fot me the most important thing in exchanges is the reputation, I saw a lot of exchanges being hacked, so now I only stick with the high reputation exchanges like bittrex and binance, good customer support also an important point, low transaction fees and a lot of good coin to trade
Well it's always the good price that catch my attention towards this system. Who would have not want a good price, right? That's all we want here and just like everyone I want to experience that as much as possible. Well it gets my interest whenever the valueprice is so high because I knkw that the opportunity to earn is better.

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August 29, 2018, 01:35:55 AM
 #66

Is anyone against the idea of introducing more fiat-to-coin trading pairs?

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August 29, 2018, 04:06:34 AM
 #67

Although there are obvious benefits to using certain crypto exchanges over others such as high liquidity and the ability to use your fiat currency (not so difficult for those USD holders), but what other factors attract you to a crypto exchange?
In my end, aside from liquidity and the ability to use fiat. The factors that attracts me to use a crypto exchange are, easy to use, lower fees, and easy to contact support in case something bad happen during deposit or withdrawal of funds.
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August 29, 2018, 04:27:00 AM
 #68

Although there are obvious benefits to using certain crypto exchanges over others such as high liquidity and the ability to use your fiat currency (not so difficult for those USD holders), but what other factors attract you to a crypto exchange?
In my end, aside from liquidity and the ability to use fiat. The factors that attracts me to use a crypto exchange are, easy to use, lower fees, and easy to contact support in case something bad happen during deposit or withdrawal of funds.
Yes, that's a good thing about crypto currency. Adding the private sender and receiver on it, which is good if want your identity to be unknown. All information is just a letter and number with IP address which is hard to track, for me this is the one of the main thing that attract me most.
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August 29, 2018, 07:22:58 AM
 #69

Is anyone against the idea of introducing more fiat-to-coin trading pairs?
Fiat-to-coin trading pairs are crucial for the mass adoption of cryptocurrency. This gives it far better accessibility and paves the way to more utility.

I support fiat!!!
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August 29, 2018, 07:37:12 AM
 #70

Everybody need a supported exchanger not only for that but need also to reconsider the platform itself that have a friendly  to the user itself. I dont like exchanger that its difficult to deposit and withrawal.
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August 29, 2018, 07:44:07 AM
 #71

Although there are obvious benefits to using certain crypto exchanges over others such as high liquidity and the ability to use your fiat currency (not so difficult for those USD holders), but what other factors attract you to a crypto exchange?

I usually pay attention to how long the withdrawal takes, how high the fees are and the reputation. There are my personal three whales))) But of course  there are lots of aspects worth of attention besides these three.

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August 29, 2018, 08:11:50 AM
 #72

I find stable and checked exchanges very attractive, these characterisctics are very important in crypto and I rely on them only in the deal with exchange.
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August 29, 2018, 08:17:55 AM
 #73

This good exchange has attracted many people because of security, comfort, easy and fast. This certainly will be many who come and continue the goal, so as expected.
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August 29, 2018, 08:29:51 AM
 #74

A good exchange has a high level of security, low fees, a friendly user interface, fiat trading pairs and fast cash out.

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August 29, 2018, 08:35:09 AM
 #75

Although there are obvious benefits to using certain crypto exchanges over others such as high liquidity and the ability to use your fiat currency (not so difficult for those USD holders), but what other factors attract you to a crypto exchange?
In my end, aside from liquidity and the ability to use fiat. The factors that attracts me to use a crypto exchange are, easy to use, lower fees, and easy to contact support in case something bad happen during deposit or withdrawal of funds.
as far as I know an exchange with high liquidity or popular usually tend to have quite bad support that it sometimes take a week just to get a single reply that usually is not solving the problem because they got overwhelmed with the amount of message they got but however it still can be tolerated because im sure that the error will not always come up everyday but the main thing that attract me is the probability of being scam quite low compared to new exchange that the owner itself is not revealing identity.

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August 29, 2018, 08:36:02 AM
 #76

There are three things that I found appealing about crypto exchange, the first thing is a interface that is easy to navigate not some complicated ones,  secondly liquidity and lastly the coin/usd pair which makes it easy to trade for Fiat without necessarily using the ethereum and btc pairs
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August 29, 2018, 08:37:58 AM
 #77

For me besides the obvious as security, volumes etc. is the interface,
Transferred a lot from exchanges to others as i liked the interface, only stay at some as they offer a coin that others dont.

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August 29, 2018, 03:13:09 PM
 #78

All the people speaking about low fees don’t seem to understand that low fees per trade is bot paradise. I would rather pay higher fees than be up against an army of bots on every transaction. I think that for the most part, high liquidity is the most ideal parameter to look for, nobody likes an exchange that is completely dead.

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August 29, 2018, 03:28:28 PM
 #79

All the people speaking about low fees don’t seem to understand that low fees per trade is bot paradise. I would rather pay higher fees than be up against an army of bots on every transaction. I think that for the most part, high liquidity is the most ideal parameter to look for, nobody likes an exchange that is completely dead.

I do not hold my assets on the crypto exchanges accounts but when I trading I have to be sure that my assets could not be stolen. Also I like the exchanges with good and useful user interface.
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August 29, 2018, 03:35:44 PM
 #80

High volumes and liquidity. It is frustrating to see that a coin values a lot and when you check the volume, it is really low so the price fluctuates like crazy

When volume increases it makes everyone to exchange the crypto. Similarly when it goes down we need to be patience and hope for the best.

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