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Author Topic: What attracts you to a good crypto exchange?  (Read 36554 times)
FinanceX (OP)
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September 14, 2018, 02:07:59 AM
 #241

What is the best crypto exchange offering multiple fiat options?

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Persiontateneis
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September 14, 2018, 10:25:55 AM
 #242

The vital thing that I am pulled in to a Cryptocurrency Exchanges if their help is exceptionally responsive, and if there are issues in regards to with token withdrawals and lost of tokens they are making activities specifically and they will refresh us in regards to with our issues, and furthermore they are continually enhancing their trade in Securing our benefits.
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September 14, 2018, 10:37:17 AM
 #243

There are three major things that get me attracted to exchange, the first is a user friendly interface and the second one is high liquidity and the third is minimal withdrawal fees . If these three things are in place then to me the exchange is good to go .

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rodney0404
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September 14, 2018, 10:55:43 AM
 #244

I think I will attract by a crypto exchange with high volume of traders, quick support service, very good security of funds, easy to deposit, easy to withdraw, user friendly and low fees. Smiley
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September 14, 2018, 01:28:38 PM
 #245

Security. This is the main thing I'm looking for that defines whether it's a good exchange. A good service should provide a 2FA, a fully encrypted data, a protection against DDoS attacks, etc.
MariaSerebrennikova
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September 14, 2018, 01:34:55 PM
 #246

For me it is important that the exchange was widely known and popular, reliable. And also the size of the Commission is important. But usually I use exactly the exchange on which there is a coin I need.
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September 14, 2018, 03:09:36 PM
 #247

When it comes to choosing the exchange, I look which payment methods are available. And I like CEX for payment options. They allow depositing in USD, EUR, or GBP and withdrawing on cc/dc. By the way, their wire transfers are now completely updated: https://cex.io/wires-campaign/.
FinanceX (OP)
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September 16, 2018, 04:25:21 AM
 #248

If I can't cash out my assets quickly it's not worth it. Also, the liquidity on the platform is very important for matching orders

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September 16, 2018, 12:50:03 PM
 #249

Crypto exchange differ. Some of them list new tokens and others like Binance need certain product and volume to prove token quality.
Well, my choice depends on tokens I want to trade.
Also there are centralized and decentralized exchanges. But I don't see any competitive DEX, because all of them have disadvantages. For instance you can sell or buy tokens for extra high or small price by chance. Just imagine, you waste 10 eth for shitcoin which cost like 1 $. It is a sad reality on forkdelta and etherdelta.

Speaking about attraction, I appreciate UI, quantity of tokens, security and big volume. Also I hate trading bots.
I remember someone who bought AION using bitcoin valued at 50$ each, that time, AION was priced at around 5$ only. That's because of using a decentralized exchange. I admit I did trade on etherdelta on my early months in trading but I still prefer a centralized one.
Chike4545
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September 16, 2018, 01:32:34 PM
 #250

Being that I am deeply interested in the cryptocurrency space, I am often asked about buying and trading bitcoin and other nascent altcoins. However, I do tell people that the most important aspect of investing in Bitcoin and other cryptocurrencies is to have a basic understanding of the underlying technology and best practices for safely securing tokens.
Many new speculators and “investors” are unfamiliar with how digital currencies are traded and how price discovery actually works. Unlike stocks, cryptocurrencies are traded 24/7 globally on different exchanges with few barriers to entry and minimal censorship. The price is determined by a free floating market exchange rate that is established by buyers and sellers on different exchanges around the world in different currencies and trading pairs.
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September 16, 2018, 01:35:36 PM
 #251

In my opinion, there is an additional factor where the exchange looks popular because of the advantages it has, for example the appearance of the interface is unique and simple but does not interfere with other features. or it could be that the exchange offers multiple profits if they have tokens that come from the exchange.

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September 16, 2018, 01:38:08 PM
 #252

Quick withdrawal ,very supportive not ignoring customers emails ,fair withdrawal fee this are what makes a good exchange but I prefer instant swap exchange like changelly and shapeshift.
FinanceX (OP)
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September 16, 2018, 03:15:54 PM
 #253

Let's hopr that more exchanges in the future incorporate fiat-to-coin trading pairs so coins are much more accessible and it's much faster to cash-out

Bennix
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September 16, 2018, 03:49:24 PM
 #254

What attract me to a good crypto exchange is the multi security measures it uses to tame any form of hack.We have heard stories where huge amount of coins/tokens were withdrawn as a result of poor security measure put in place.
What attract me to a good exchange is the identity ,location of the CEO,and the team leaders in charge of exchange i use.
It helps to trace any form of fraud that might occur ,and when the founder of the exchange is known,the founder will be careful to avoid be prosecuted.
It gives me joy when i see the  chart and how user-friendly the interface of the exchange I am using is.
I get attracted to exchange that has a robust network in terms of speed.I said this because some exchange takes hours before you can perform one trading task,and this ugly trend is time consuming .
I like using exchange with customer support that respond at the appropriate time not those neglecting support ticket being submitted to them.
As a day trader,i get attracted to good  exchanges that list coins which possess high liquidity on the market not exchanges that list many shit tokens.
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September 16, 2018, 04:01:13 PM
 #255

in addition to the benefits it has, of course there are other benefits of the token, especially if the token is useful to facilitate one's work. crypto has many conveniences so many of them go in exchange to exchange what they need
bartusv
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September 16, 2018, 08:00:05 PM
 #256

Beside high liquidity, access to new coins (not existing on other exchanges), low trading fees, and
referral commissions  attracts me the most when selecting a good exchange.

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September 16, 2018, 08:23:10 PM
 #257

Crypto exchange differ. Some of them list new tokens and others like Binance need certain product and volume to prove token quality.
Well, my choice depends on tokens I want to trade.
Also there are centralized and decentralized exchanges. But I don't see any competitive DEX, because all of them have disadvantages. For instance you can sell or buy tokens for extra high or small price by chance. Just imagine, you waste 10 eth for shitcoin which cost like 1 $. It is a sad reality on forkdelta and etherdelta.

Speaking about attraction, I appreciate UI, quantity of tokens, security and big volume. Also I hate trading bots.
I remember someone who bought AION using bitcoin valued at 50$ each, that time, AION was priced at around 5$ only. That's because of using a decentralized exchange. I admit I did trade on etherdelta on my early months in trading but I still prefer a centralized one.

Currently, 99% of coin transactions are through centralized exchanges, although there are many decentralized exchanges that are ineffective and not easy to use. That is the downside that decentralized exchanges need to change first
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September 16, 2018, 08:26:46 PM
 #258

I think what attracts me the most is the tendency to add more coins eventually, after all, I would like to use just one exchanger to trade, as it will bring more comfort while doing it.
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September 16, 2018, 08:32:32 PM
 #259

Simple features not complicated, they don't require KYC for small transaction. Deposits and Withdrawals transactions both are fast and a lot of trading pairs.

FinanceX (OP)
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September 17, 2018, 05:03:20 AM
 #260

It's interesting to see that some traders prefer the KYC whilst most don't

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