A tip for choosing the exchange.

[cunguks]

I guess fees are not only the concern the crypto currency exchanges what should be more concerning is security and safety of the funds that we are trading over them. Now at any point we will always be holding more than 1000 USD over the exchanger with different coins and tokens. Thus it must be a secure exchanger and we better not be victim of hacks and leaks that keeps happening these days.
For me it doesnt matter if the fees are 0.1% or 0.05% by using their tokens because thats just tiny fraction of the what we are trading and thus it should not be very concerning for us at all. Thats just my thought regarding the crypto currency exchangers.

You prioritize security rather than fee issues. I guess that's also a rational reason. As long as we feel comfortable, I don't think there will be a problem. Long term traders do not feel the impact of the fee though. I may have the same thoughts, because I also do not trade too often. And I usually choose to use an exchange that has stood for several years and has proven its credibility as a good exchange. I'm worried about some things because of the emergence of too many new exchanges.

[sana54210]

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.

There are actually a lot of reputable exchanges at the moment, no doubt, but the thing with a whole lot of them is that security is actually in your own hands. Most of the reputable exchanges today, have 2FA installed in which as a user, you are only left to take advantage of the maximum security for your wallet.

With respect to using a very reputable exchange based on usage by a lot of people and the development of the team on the exchange, I would say it is always better to flow with the ride and for now, when it comes to fees, security and reputation; binance is actually taking the lead.

[juntop1]

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.

Me too. By the way, what exchange are you using? I use CEX, https://cex.io/ which is practical and convenient. Their security is very solid and covers some drawbacks.

[Malamok101]

Go to coinmarketcap and pick some good exchanges there to manage your funds and good trading for 24hours to avoid lossing big money.

[gembirdprivate]

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.

Service is good, I often use it myself.
I recommend everyone (not advertising)

[herurist]

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.

Fees, delay, uncompleted coins list make users will leave exchange but this is not problem. Many exchange already came with powerful tools and friendly support to solve many users problems, but we must understand there's something ( rules/ condition ) they can't break. Take any exchange you want but they must have good track record and responsibility to finish and protect our transactions.

[BitcoinTurk]

Yes, each exchange service allows different commissions to be traded, but I think this is not the only element that should be considered during the election. Services currently taking the highest fee today usually serve with rates of 0.8% and this rate is not too much. On the other hand, it is necessary to take into account a variety of factors such as user density, transaction volume, technical support service and payment speed of services, which allow transactions with low transaction commissions only. Also, the coin pairs offered to us are of great importance at this point. For this reason, I believe that this preference should be made by taking into account the things such as transaction volume, support and payment convenience, depending on the coins we will trade.

[horrifiedx1]

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.

Fees, delay, uncompleted coins list make users will leave exchange but this is not problem. Many exchange already came with powerful tools and friendly support to solve many users problems, but we must understand there's something ( rules/ condition ) they can't break. Take any exchange you want but they must have good track record and responsibility to finish and protect our transactions.

it doesn't seem difficult to choose exchange if the coins we buy are ranked top like bitcoin. but if a new token, of course we cannot choose a large exchange, because the foundation is not yet solid in the token

[pumbum]

if you plan to trade, choose volume exchanges. if you want to buy a rare coin, then you have to risk to buy it on unknown exchanges

[dunfida]

Yes, each exchange service allows different commissions to be traded, but I think this is not the only element that should be considered during the election. Services currently taking the highest fee today usually serve with rates of 0.8% and this rate is not too much. On the other hand, it is necessary to take into account a variety of factors such as user density, transaction volume, technical support service and payment speed of services, which allow transactions with low transaction commissions only. Also, the coin pairs offered to us are of great importance at this point. For this reason, I believe that this preference should be made by taking into account the things such as transaction volume, support and payment convenience, depending on the coins we will trade.

Im not really into seeing fees first when i do tend to choose up an exchange because normally they do really range 0.8% or more but not really a big issue on my side same as you said this is not the main preference on choosing up. I do always go after on the reputation and popularity because it is quite understandable if you do use this one it do already have the most things that you do seek for on a good exchange.

[farosa]

I'm essentially paying attention to security, because fee of exchanges is not so different, there is just a little amount difference. In fact, due to all of the coins are not in one exchange, so we sometimes have to use unknown exchanges. But, if there is a more selections, we should first choose the security, then fee.

[Zadicar]

I'm essentially paying attention to security, because fee of exchanges is not so different, there is just a little amount difference. In fact, due to all of the coins are not in one exchange, so we sometimes have to use unknown exchanges. But, if there is a more selections, we should first choose the security, then fee.

You can easily find them by looking at their reviews upon trying you will know it already and also you can consider this including to their support system if ever there is an error found. There are various of exchanges scattered around the web and you can look at them one by one to see if you've got a problem with their security, such as Binance for example.

[elpiji]

I do not believe that free exchange will run well, they need funds to carry out maintenance and development, if an exchange frees up costs, then they will not be able to get funds and will have an adverse effect on exchange performance, what do you think, let's discuss

[wayancrypto]

Some exchange has fake trading volume and avoid this kind of exchange, there are alot of number of new exchange now but i still use old exchange cause a few years already i used it and never get any problem. In my opinion good and Trusted exchange is Bittrex, HitBTC , they was launched acouple years and never get any bad issue.

[Osarman]

I guess fees are not only the concern the crypto currency exchanges what should be more concerning is security and safety of the funds that we are trading over them. Now at any point we will always be holding more than 1000 USD over the exchanger with different coins and tokens. Thus it must be a secure exchanger and we better not be victim of hacks and leaks that keeps happening these days.
For me it doesnt matter if the fees are 0.1% or 0.05% by using their tokens because thats just tiny fraction of the what we are trading and thus it should not be very concerning for us at all. Thats just my thought regarding the crypto currency exchangers.

You prioritize security rather than fee issues. I guess that's also a rational reason. As long as we feel comfortable, I don't think there will be a problem. Long term traders do not feel the impact of the fee though. I may have the same thoughts, because I also do not trade too often. And I usually choose to use an exchange that has stood for several years and has proven its credibility as a good exchange. I'm worried about some things because of the emergence of too many new exchanges.

Main point I look at when choosing an exchange (which I rarely do, I have been in crypto for 6 years now and only used 3 exchanges total for altcoin trading and only used 1 exchange for local fiat cashing out since I started) is the trust aspect. If you see the news there has been a lot of people who complain about their money being stuck on some exchanges.

Coinbase is one of the biggest exchanges in the world and they have been the unicorn of startup world in silicon valley and started a new shop in ireland as well to go global but in reality there has been a lot of complaints on reddit where people talk about how coinbase kept their money without a warning and people had trouble getting their money back until they complain to SEC or similar places.

If even coinbase is doing this than it means you need to be really really careful with exchanges, thats why I usually try to do my job quickly and try to get out quickly and not hold too much funds in any of them but if I am going to do it I try to select the best known and trusted ones.

[kidoseagle0312]

Good exchange is exchange that operated more than 2 or 3 years and they has good reputation, never get any hack and comply with the regulation in the country their located. I used Bittrex and Poloniex more than 2 years and i have balance in that exchange also since 2 years and untill now that my balance is safe. So this both exchanges is one of the best exchanges.

You are right on your answer mate, I was using bittrex for a years I think , then I've been in Poloniex too before but I pulled out all my coins in Polo during the time that they faced some issues, moreover when Binance, kucoin, Coinbene, Houbi and okex came out I shifted on these exchange now. Why? it is because those are listed at the top exchange platform in the market where Bittrex and Poloniex has been surpassed by these exchangers. Though I'm still using bittrex now but not as often like what I did before.

[zakirdiu]

When you want to get best exchange you took more then 2 or 3 years and they has good reputation, never get any hack and comply with the regulation in the country their located. And always see their fees Website speed security and So on.my opinion good and Trusted exchange is Bittrex, HitBTC , they was launched acouple years and never get any bad issue.

[Panxora_COO]

You cannot take as a given that any exchange is immune from issues. Look at what happened to Bitfinex in the summer of 2017. They're probably one of the more reliable players and their security was not great.

Counterparty risk in the crypto-space is such an issue because even the really big reliable exchanges like Kraken run on a mickey mouse database backend with no middle tier. Don't believe me? Look at the behaviour of the exchange anytime there's high volume. Fucking falls over on its ass.

This 5 minute video discusses a good solid way to measure and manage exchange counter party risk. Especially if you trade at size.

[BitcoinHunt3r]

if you plan to trade, choose volume exchanges. if you want to buy a rare coin, then you have to risk to buy it on unknown exchanges

If me i'd better to avoid exchange that i don't know that must take risk to trade in it.   there are still a lot of tokens that can traded in well-known exchanger, but it is ok if we don't have choice like when we want to sell our tokens.

[Kolder]

if you plan to trade, choose volume exchanges. if you want to buy a rare coin, then you have to risk to buy it on unknown exchanges

If me i'd better to avoid exchange that i don't know that must take risk to trade in it.   there are still a lot of tokens that can traded in well-known exchanger, but it is ok if we don't have choice like when we want to sell our tokens.

It's better to trust the old ones that we are used to. But its also good to try what new exchanges can offer three might be must better. We just need to be careful thou.