A tip for choosing the exchange.

[Bttzed03]

Thanks for the tips. IMO, reputation of exchanges and trading volumes are important apart from trading fees. It is good to weigh these factors when choosing an exchange.

I concur. For me, trading fees is the least factor when choosing a good exchange. I would rather choose one with a higher fee with a way better security.

[wahyu wida]

Thanks for the tips. IMO, reputation of exchanges and trading volumes are important apart from trading fees. It is good to weigh these factors when choosing an exchange.

I concur. For me, trading fees is the least factor when choosing a good exchange. I would rather choose one with a higher fee with a way better security.

satisfying security and service i think it will be more in demand, compared to transaction costs. other than that there are many large exchanges with higher costs, but have many members

[zhekinsp]

Thanks for the tips. IMO, reputation of exchanges and trading volumes are important apart from trading fees. It is good to weigh these factors when choosing an exchange.

I concur. For me, trading fees is the least factor when choosing a good exchange. I would rather choose one with a higher fee with a way better security.

Higher fees doesn't mean high security so you need to pick the exchange based on the reputation not by fee and to be honest the most reputed exchange is Binance where the fee also very less when compared to others.No exchanges have better security so neer store your fund in any of the exchanges after the trade completed.

[xvacator]

Forget about how much the fees on every exchange because I am sure that the fee is not too big especially if we can get a big profit. I think you can try to choose a big exchange with a big list of coins and that exchanges can move fast than the other exchanges so you can have a chance to chase the profit. Besides that, you need to think about their customer service because this is important for every customer so they can solve the problem as soon as possible.

[GregH37]

Exchanges establish their own fees. The fees are different not only between exchanges but sometimes between different trading pairs on the same exchange. Use a free service like Switchain to compare rates between a few different exchanges for each individual transaction.

There are custodial and non-custodial exchanges. Put simply, the first ones hold onto your assets that you leave with them which is what makes it vulnerable. Once it's hacked there's nothing you can do but watch. Non-custodial ones only hold your assets for the time necessary to complete the exchange.

Hope this helped.

I do think that every exchange out there is vulnerable to any attack that will come hackers, though some of them will be difficult and be able to withstand attacks to a certain level. The very first thing you should have in my mind is to not buy from a place that will disappear overnight. After that, consider your location and the exchange that is best for your location.

Next is the level of security, you need one that has a strong level of security just like Coinbase. Maybe this will help you choose, read this article on CNBC– https://www.cnbc.com/2018/03/21/how-to-pick-the-best-cryptocurrency-exchange.html

[0xBitcoins]

Security of funds should be paramount in selecting an exchange, hence I go with known and well established exchanges, then other important factors should be about the fees, both trading and withdrawal, volume, trade pairs and quick responses to user issues. Then am fine

Security of funds is something that has to do with a whole lot of users themselves and hardly will you see any exchange today that does not have 2FA enabled and if there is no 2FA available, you should not even be bothering yourself about using such an exchange at all.

Additional layer securities are there for users to protect their funds, not this is totally different from using an exchange that is known to be problematic and full of scams themselves, which is one reason why I believe before using an exchange, get to see what people are saying about each exchanges first and you won't miss it when making your own decision.

[PETES]

Nah, the bottom line here is don't leave any amount in exchange sites that in the first place you can't afford to lose.
Having high fees is all usual nowadays and so far biggest fee that I encountered was 0.001btc in hitbtc and hotbit.
I think what should we look at is the credibility of exchange sites and likely its trading volume.

[yanto@1977]

Exchanges establish their own fees. The fees are different not only between exchanges but sometimes between different trading pairs on the same exchange. Use a free service like Switchain to compare rates between a few different exchanges for each individual transaction.

There are custodial and non-custodial exchanges. Put simply, the first ones hold onto your assets that you leave with them which is what makes it vulnerable. Once it's hacked there's nothing you can do but watch. Non-custodial ones only hold your assets for the time necessary to complete the exchange.

Hope this helped.

Some people afraid about fees but for me delay is the biggest problem. I play buy fast sell fast no need time to wait because price action always move. For people who using strategy like me finish transactions in short time is very important because if I can make a lot transaction my profit will be double but also my losses.

[bitgolden]

Forget about how much the fees on every exchange because I am sure that the fee is not too big especially if we can get a big profit. I think you can try to choose a big exchange with a big list of coins and that exchanges can move fast than the other exchanges so you can have a chance to chase the profit. Besides that, you need to think about their customer service because this is important for every customer so they can solve the problem as soon as possible.

Yeah, fees may not necessarily matter anyway when you are a low volume trader, but for high volume trader, it is usually something to always consider. However, like you said, it is not just about the fees alone as there is so much about the reputation of the exchange itself that should not be discarded. What is important most of the time is to just find good exchange with a very quality number of coins and that is actually what is mostly important.

Customer service is also a very important thing when it comes to exchange but for reputable exchanges most time, it would not always be needed, as hardly will you find a reason to. I am honestly in love with Binance because it has almost all the things I want in a single exchange, but all the same, coupled with the fact that I prefer spreading risks across exchanges, I make use of bittrex and Kucoin as well.

[Yamifoud]

Nah, the bottom line here is don't leave any amount in exchange sites that in the first place you can't afford to lose.
Having high fees is all usual nowadays and so far biggest fee that I encountered was 0.001btc in hitbtc and hotbit.
I think what should we look at is the credibility of exchange sites and likely its trading volume.

The fees is slightly increase for the way that it could fasten the transactions and avoid from long delays due to heavy traffic in the blockchain. We certainly do complaints with that fees but still it won't be change. Anyways,  it could be better to pay for such amount rather than of having a long delays on withdraws and deposits transactions.

[Mahanton]

Nah, the bottom line here is don't leave any amount in exchange sites that in the first place you can't afford to lose.
Having high fees is all usual nowadays and so far biggest fee that I encountered was 0.001btc in hitbtc and hotbit.
I think what should we look at is the credibility of exchange sites and likely its trading volume.

The fees is slightly increase for the way that it could fasten the transactions and avoid from long delays due to heavy traffic in the blockchain. We certainly do complaints with that fees but still it won't be change. Anyways,  it could be better to pay for such amount rather than of having a long delays on withdraws and deposits transactions.

For huge volume or amount traders then high fees doesn't really matter but for smaller ones then fees would always matter but on most exchange fees doesn't really have big gaps yet most of them are on optimal or suggested fees but there are exchange which do have set higher but well no matter how high or low it is the more important thing on choosing an exchange is the credibility and the current popularity of it on the entire market.

[rodskee]

Choosing good exchange are follow for my own strategy
1. The legality of the exchange
2. Security system of the exchange is very important to avoid hack the acount
3. With pair transaction fees

[Soots]

Nah, the bottom line here is don't leave any amount in exchange sites that in the first place you can't afford to lose.
Having high fees is all usual nowadays and so far biggest fee that I encountered was 0.001btc in hitbtc and hotbit.
I think what should we look at is the credibility of exchange sites and likely its trading volume.

The fees is slightly increase for the way that it could fasten the transactions and avoid from long delays due to heavy traffic in the blockchain. We certainly do complaints with that fees but still it won't be change. Anyways,  it could be better to pay for such amount rather than of having a long delays on withdraws and deposits transactions.

Yes it would always be the best trading service to have a faster transactions, but definitely we will have to pay for it rather that waiting for delays. Choose what's the best options to have in trading rather that sacrificing for slower transaction fees. If we lose more times, the money also will be gone because every second is always another opportunity for us.

[gohan21]

Go to Coinmarketcap and find some good exchanges from top 10 exchange you will find a good 24hours of volume.

[hitrawal91]

Exchanges establish their own fees. The fees are different not only between exchanges but sometimes between different trading pairs on the same exchange. Use a free service like Switchain to compare rates between a few different exchanges for each individual transaction.

There are custodial and non-custodial exchanges. Put simply, the first ones hold onto your assets that you leave with them which is what makes it vulnerable. Once it's hacked there's nothing you can do but watch. Non-custodial ones only hold your assets for the time necessary to complete the exchange.

Hope this helped.

The most important thing is the exchange rate.Another thing that I look in an exchange is the diversity of coin it posses and number of countries it is used because this gives me confidence to invest my money through that exchange.

[Dart18]

Looked at the website and tried it.

It's just a converter of crypto to crypto.
Into what exchange are they basing that conversion? Binance?

A good effort, but I thought I am going to see a list of exchanges and sorted out from the largest price to the lowest. Well, nevermind though. I didn't really think someone could make an effort to go beyond that.

[whirlcoin]

I just choose the exchanges based on what coin I am going to trade because not all the exchanges have same prixes so we need to choose the exchange which is offering the highest prices for our coin and also don't just choose the exchange because of high prices also see tbe 24 hour volume of your coin there.

[Jaci]

At present, the exchange is a very important thing because many fake exchanges have been found out. If you want to get an idea about the exchange, At first you need to check out telegram group if the telegram group does not have their telegram group. Initially, you can understand that there are problems in them. So first of all I think that a good exchanges is going to find out telegram and see their communications, so you can understand which one is good exchanges.

[Xardasim]

If you have any doubts about your safety, i don't think the first 50 exchanges are going to steal your money. You have to pay attention to fee, so some exchanges sue more fee. Also, never store your money in exchange because of the danger of hacking.

[Ranly123]

Exchanges establish their own fees. The fees are different not only between exchanges but sometimes between different trading pairs on the same exchange. Use a free service like Switchain to compare rates between a few different exchanges for each individual transaction.

There are custodial and non-custodial exchanges. Put simply, the first ones hold onto your assets that you leave with them which is what makes it vulnerable. Once it's hacked there's nothing you can do but watch. Non-custodial ones only hold your assets for the time necessary to complete the exchange.

Hope this helped.

I think it can help new traders differentiate exchanges. Maybe it also helped traders define the difference on custodial and non-custodial exchanges.