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jacafbiz
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October 15, 2018, 05:38:21 AM |
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The main thing I personally look for before signing in on an exchange is the trading volume and this is becoming an issue now because of the increase in number of exchanges with fake volume, Bitforest and Exrates are two exchanges in the space that I can confirm their volumes are absolutely fake and another thing is the security of my funds |
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deeofficialx
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October 15, 2018, 05:47:08 AM |
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Somehow, trading pairs matters. Imagine that there's 3 pairs in a particular exchange--BTC, ETH and USDT. In that exchange, BTC pairing has a big trading volume compares to the other. If that's the case, if you're a trader--a short term trader, then trading in pairs that has big volume is the best choice.
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Bharathi13
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October 15, 2018, 05:57:24 AM |
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Number of trading pairs will not matter as long as the exchange have good trading volumes and liquidity along with the safety of funds as there were lot of hacking cases we have seen in the last 10 month on several exchanges like bithumb, Coinrail & Bancor etc. Most of the Exchange have bots on the exchange which fakes orders to show off the liquidity but when you execute the order the price changes suddenly and which gives horrible experience as a trader. Following Exchanges are great in terms of volumes as well as safety of funds,
1) Binance
2) Bitrex
3) Huobi
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Herbert2020
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October 15, 2018, 06:27:17 AM |
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it can be one of the many factors that you consider when choosing an exchange for trading purposes. although so few people choose good trading strategies that requires having access to wide range of cryptocurrencies. most people tend to buy some top altcoins and bag hold them to death even though they lose nearly all their investment.
but if your trading strategy is the expert kind and you go where the profit is then having access to as many altcoins as possible in one place is favorable because you want to be able to go to where the pumps are happening and it is best if the coin that is being pumped is in the same place so you don't have to transfer funds between exchanges to make profit from that pump and come back.
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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Kryten12
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TREEBLOCK
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October 15, 2018, 06:32:33 AM |
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It doesn't necessarily matter to me the number of trading pairs on an exchange it is more of a convenience than a dealbreaker. If I can trade the coin I want that is important I can always switch to another pair elsewhere.
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kryptqnick
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October 15, 2018, 06:48:06 AM |
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Okay, trading pairs are important, but they cannot replace the trading volume data, while the latter can be faked, as the article states. Surely, people who are interested in many altcoins, hate it when they have to maintain activity on bultiple exchanges, because some coins are available on one and others on the other. But as for the top-3 three exchange list you got in result, it shows that trading pairs is not all that matters. I really enjoy Hitbtc, for instance, but Bankor is kind of a minor exchange with volumes that are not enough for serious traders. |
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qazgroup
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RiveMont
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October 15, 2018, 06:55:22 AM |
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Personally i do not give much weightage to number of pairs in an exchange but i think exchanges do create max pairs now to attract more and more users and volume and by doing this they have been successful to some extent as well.
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Gelesko
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October 15, 2018, 06:59:14 AM |
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No I don't look at the pairs the exchange is offering, at first I look at the volume and fees he is taking to trade on it. My favorite exchange is KuCoin as it has competition prizes give away and recently it had some great news for holders of that particular coin, exchanges I had invested in is LocalCoiSwap as it will give shares, based on your holdings! |
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Vargum
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WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
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October 15, 2018, 07:00:18 AM |
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In my opinion, the number of shopping pairs does not matter much when registering on the stock exchange, although as a rule you also pay attention to this. Basically you need to look at the volume of trades and the safety of their funds.
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﹏﹏﹋﹌﹌ WPP ENERGY ﹌﹌﹋﹏﹏
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≈ WORLD POWER PRODUCTION ≈ █
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BitcoinHodler
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October 15, 2018, 07:15:29 AM |
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when choosing an exchange you always first check the legitimacy of the exchange. for example Yobit has a lot of pairs listed. possibly the most among all exchanges even. but it is a shady exchange so you try to never use it.
but sometimes you need these pairs, even on shady exchanges so that you can participate in certain pumps that are too obvious and have a lot of profit.
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Holding Bitcoin More Every Day
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Bttzed03
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https://bitcoincleanup.com/
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October 15, 2018, 07:21:48 AM |
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Personally, it is one of the things I look into when signing up and I think I am not the only one. Aside from trading volume, it is also important that you have more trading options. That also helps me save fees from converting crypto A to Crypto B just to get crypto C. |
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hunnykaushal
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October 15, 2018, 07:28:48 AM |
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It depends on your requirement , if your coin that you want to buy is on exchange and it have good volume then you can go with that exchange.
Liquidity and volume are important to consider.
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lobo13hf
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October 15, 2018, 07:31:37 AM |
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No, for me personally i just try to sign up in the exchange site that can be trusted. So many shit exchange site has been offering a lot of trading pairs and just like mercatox. It doesn't matter about how much trading pair that available on the exchange site basically we are looking for an exchange with a huge daily trade volume and that will be so easy to liquidate our money. |
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waser12
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October 15, 2018, 08:03:21 AM |
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Of course it is important to have more pairs to trade, but I think it is not a key factor for choosing exchange. The main is security, trading volumes, user-friendly interface and so on.
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ryanfromrethink
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November 13, 2018, 07:33:27 AM |
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Amount of popular trading pairs is what really matters. I saw a lot of new exchanges, which offer a lot of pairs, but none of them is demanded. |
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EducoinVietnam
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November 14, 2018, 08:19:09 AM |
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Popularity of exchange is the thing. Moreover, some of exchanges offer its users to vote for new trading pairs to appear and I am sure that it is great feature. |
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elis74
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November 17, 2018, 09:46:24 AM |
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Demand for pairs is what you should pay attention too. In the same time, expierienced traders need a lot of pairs to stay in comfortable conditions during trading. |
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SuiMikira
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November 17, 2018, 09:53:00 AM |
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Yes, i think it does matter because it offers traders more options to trade, then there will be more liquidity, more traders to join the exchange because they have many trading pairs. Many exchanges only using BTC trading pair but many traders don't like to trade with BTC. It's important to add USDT, ETH to trading pairs.
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pixelvault
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November 17, 2018, 10:00:32 AM |
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look at exchange volume for starters and security. other than that it doesnt really matter on the pairs |
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