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Author Topic: What attracts you to a good crypto exchange?  (Read 36554 times)
TastyChillySauce00
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November 18, 2018, 03:26:22 AM
 #341

The choice of trading exchange is determined by transaction fees, speed of response, clarity and ease of transaction, availability of the coin/token of interest, ease of withdrawal, reviews by previous users, performance history of the exchange, etc. These factors will enable you to make good choice of an exchange.                                                                                                                                                                                                                                                                                                                                                                                       
But the most imporant thing is the reliability and dependability, there's no point of having speedy customers service, low fees and many more meanwhile the service itself is hardly can be trusted.
Sometimes, even if the exchanges taking quite high, but not as ridiculous, it's quite fine, moreover if they are government compliant.

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November 18, 2018, 03:34:49 AM
 #342

I have some criteria what a good crypto exchange for me

> High volume of trading
> Fast Deposit and Withdrawal
> Fast Response from customer service
> Low Fees
> Easy to understand the trading user interface

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November 18, 2018, 03:54:43 AM
 #343

A decent selection of coins doesn't hurt.
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November 20, 2018, 10:10:56 AM
 #344

Good crypto exchangers is very important for every coins that we need. Ofcourse to control the price and volume of it and bad exchanges cant predict any price and lot of them have no volume so the coin will affected for their price.

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November 20, 2018, 03:05:27 PM
 #345

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 and main feature i consider before making use of an exchange is security. An exchange with huge volume, but with a porous security system, is of no good and is no exchange as far as i am concerned. Even if i make huge sale on such exchange, someone else can easily take over my asset.
Then the next should be high liquidity. I like it when a coin has high volume, which would give good liquidity to the coin that is being traded.
Every other things such as time of transaction and so on can be easily dealt with.
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November 20, 2018, 06:56:24 PM
 #346

A great makret volume and the decentralisation level. I like Binance, and this is one of my favourite exchanges, but I do not like that they are partly centralised. Thats why I prefer to trade on IDEX or other decentralised exchanges.

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November 20, 2018, 07:03:35 PM
 #347

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?
For me it is the fast transactions and lower fees that are really important. The exchange should have high liquidity and the exchange should be easy to understand and having a mobile application is a must for any exchanges.
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November 26, 2018, 01:43:18 PM
 #348

If the exchange has a convenient functionality and it is intuitive, there are a lot of coins and do not necessarily pass the identity verification, then this exchange can enter my top of the best exchanges.
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November 26, 2018, 05:04:25 PM
 #349

Mostly exchange popularity and exchange volume attract me for trading on particular exchange. Volume is important because what is the fun if there is no trading volume of listed coins. One thing good exchange is one that list only legit coins, for which team of particular ICO has ensured liquidity of tokens.

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November 27, 2018, 04:15:46 PM
 #350

My idea of a good exchange:
1. the presence of many trade pairs.
2. volume of more than 100 thousand dollars.
3. verification, as I have confidence in such exchanges.
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November 29, 2018, 11:58:18 PM
 #351

Beside liquidity, good customer service is also important for me and does the exchange refund their customers if they are hacked. I know that funds on exchanges are not secure and I hold there  only the funds I trade with.

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December 02, 2018, 10:45:31 PM
 #352

The fact that when the crypto exchange has a small fees on their trading movement and lesser withdrawal fee, it may attract more investors to make exchanges of crypto on their exchange. And when that exchange has a good customer service for concerns and queries, it is a plus point.

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December 02, 2018, 10:47:23 PM
 #353

I do not like that prices for cryptocurrency so rapidly increase upwards so I use cryptoexchange

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December 02, 2018, 11:22:07 PM
 #354

The first attraction point to an exchange and which so many people usually ask after, is the volume and that is what is most times used to rank exchanges on cmc. Then the next should be security of the exchange.
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December 04, 2018, 05:59:11 PM
 #355

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, of course , as you said that the first moment is liquidity , but of course there are still factors that are good security of the exchange, and also the addition of new coins after the ico. this I think the key moment

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December 05, 2018, 09:59:56 PM
 #356

A good cryptocurrency exchange is one that lists the coins that interest me and one that has reasonable and good exchange rates. At the same time I look at the percentage that they charge for the transaction. I compare their reasonableness in comparison with other exchanges. Only then I choose a crypto exchange for my use.
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December 05, 2018, 10:30:54 PM
 #357

My main focus is on large volumes and price differences. I often arbitrate to get better profits. Transaction fees and the availability of complete analytical tools are also taken into consideration.

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December 05, 2018, 11:17:58 PM
 #358

I am attracted primarily by the age of the exchange, and whether it has ever been hacked. If it was, how did it recover from the hacking and did it return the lost funds? Exchange security is the main feature. Design and functionality I put in second place.
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December 05, 2018, 11:33:37 PM
 #359

I am attracted on those exchange that has good reviews and has lower fees of transaction. Also it's features that easy to manipulate how to buy and sell coins.

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December 05, 2018, 11:34:50 PM
 #360

It needs to has high liquidity, trust and famous. Binance, Huobi, Okex,... are some good exchanges nowadays.

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