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Author Topic: How do I find quality traders?  (Read 275 times)
memberpass
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December 09, 2018, 07:35:49 AM
 #1

There is a Korean exchange whose airdrop campaigns MemberPass is working on. I think they have a great model with transaction fee mining. I believe this type of exchanges will be around.

My question is where do the quality traders hang out? What motivates you to join a new exchange?
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December 09, 2018, 08:23:16 AM
 #2

There is a Korean exchange whose airdrop campaigns MemberPass is working on. I think they have a great model with transaction fee mining. I believe this type of exchanges will be around.

My question is where do the quality traders hang out? What motivates you to join a new exchange?
Everyone could really be possibly a quality trader but the hard thing on this initial phase on how you would able to drive traders to such exchange and trade off a particular coin.
There are lots of criterias to considered first before making any trading activity.

1. Popularity of the Exchange
2. Trust
3. Volume of the coin
4. Fees

For luring in potential traders then you should set a competition just like on other traditional projects when it do list out on exchangers.

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Tytanowy Janusz
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December 09, 2018, 11:17:29 AM
 #3

My question is where do the quality traders hang out? What motivates you to join a new exchange?

Nothing will motivate me to switch from binance to any other new exchange.

Binance is:
fastest - sharp interface. Orders are on market instantly
Best support - telegrams in close to 30 languages with instant replay from admin
best secured - it even have special system to lock suspicious trades that in last year save custommers coins twice.
higher volume (lower spread)- and its real volume. On other exchanges like Lbank Ubex, Bitforex 90% of trades are fake.
Low fees - 0.075% with bnb.

All other exchanges has looong way to binance. Every new exchange is untradable due to no volume (all volume is made by fake trade) what gives huge spread and untechnical/unecomomical movements.

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TOP 150 (CMC) // LISTED ON KUCOIN
EASY TASKS     // ONLY USA AND CANADA SPOTS LEFT
SIMPLE KYC     // ONLY NAME AND SURNAME MUST BE VISIBLE ON ID


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ShadowBits
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December 09, 2018, 12:09:49 PM
 #4

There is a Korean exchange whose airdrop campaigns MemberPass is working on. I think they have a great model with transaction fee mining. I believe this type of exchanges will be around.

My question is where do the quality traders hang out? What motivates you to join a new exchange?

Maybe there at their home trading. You can't find good quality traders moving around outside. They could probably studying their next move at home.
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December 09, 2018, 12:45:32 PM
 #5

My question is where do the quality traders hang out? What motivates you to join a new exchange?

Nothing will motivate me to switch from binance to any other new exchange.

Binance is:
fastest - sharp interface. Orders are on market instantly
Best support - telegrams in close to 30 languages with instant replay from admin
best secured - it even have special system to lock suspicious trades that in last year save custommers coins twice.
higher volume (lower spread)- and its real volume. On other exchanges like Lbank Ubex, Bitforex 90% of trades are fake.
Low fees - 0.075% with bnb.

All other exchanges has looong way to binance. Every new exchange is untradable due to no volume (all volume is made by fake trade) what gives huge spread and untechnical/unecomomical movements.

What is a close 2nd for you?
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December 09, 2018, 02:42:40 PM
Merited by dbshck (4), LoyceV (1)
 #6

https://coinmarketcap.com/rankings/exchanges/
List of exchanges listed by trading volume. I love binance.

Lbank is scam exchange. Its realy hard to find real trade there. Most of their trades are fake just to boost trading volume on coinmarketcap. I also dont like their withdrawal policy. They had 200$ withdrawal fee for withdrawing USDT. 200$. Trade commision dasnt look important now?

Huobi is not sharp enought. 20 secons - Thats how much time it needs for simple operation like this:

1- creating order
2- beeing able to cancel it
3- having money unlocked for another order
4- creating another order
For binance its like as fast as you can click.

For daytrading it might not be enought. Also its interface is no as good as binance is.  But i trade there sometimes coins that are not listed on binance.

Bithumb Interface is soo bad. I didnt tried it because I dont trust it due to very high differences in prices between other exchanges. If noone is arbitraging it something must stink. And im talking abount alt/btc.

Bitfinex I dont use it due to lots of fud related with theter. In my opinion there is small chance that it might be next mtgox (rumors do not come from nowhere)

Bit-z
- fake trades - just like Lbank

CoinBene - its alwais a mistery if ill be able to log in.

Okex might be good but i didnt test it by myself. As second best i've tested is huobi but okex might be better.

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TOP 150 (CMC) // LISTED ON KUCOIN
EASY TASKS     // ONLY USA AND CANADA SPOTS LEFT
SIMPLE KYC     // ONLY NAME AND SURNAME MUST BE VISIBLE ON ID


$$
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December 09, 2018, 03:08:34 PM
 #7

There is a Korean exchange whose airdrop campaigns MemberPass is working on. I think they have a great model with transaction fee mining. I believe this type of exchanges will be around.

My question is where do the quality traders hang out? What motivates you to join a new exchange?

What takes me to join new exchange are the tokens that be listed and where I have invested on that ICO. I usually don't do trading on new exchange but if the token I have should be traded in that new platform then so be it.

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December 09, 2018, 03:36:24 PM
 #8

There is a Korean exchange whose airdrop campaigns MemberPass is working on. I think they have a great model with transaction fee mining. I believe this type of exchanges will be around.

My question is where do the quality traders hang out? What motivates you to join a new exchange?
For me the motivation is what security has the exchange got to provide for my little funds in the custody of the exchange. Secondly, I like an exchange that provides me an ease of navigation on its platform. Also, an exchange with high trading volume is a catch for me. I don't want to endorse any particular one but you can peruse exchanges on coinmarketcap.com to see who has what.
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December 09, 2018, 04:19:13 PM
 #9

I stay with what I preferred. I do not go jumping into different trading websites just because of a hype. I might take a peek but never stayed. Most of them will be run by bots after some time.

Manual trading gave me a lot of profits by now. Trying to look at what is happening every minute or hour and trt to make sense out of it. It is a hard job monitoring it 24 hours  but it will be worth it.

Recently I sold something at a double price in digifinex then I got out. Now it wont go back to the price that I have sold it.
Sometimes it is better to be early than wait for it to be swarmed by bots.

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December 09, 2018, 05:10:27 PM
 #10

finding quality trades comes from experience, and we must lose much money to gain experience then only we will know which is a trap and scam and which is good
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December 09, 2018, 06:01:58 PM
 #11

There is a Korean exchange whose airdrop campaigns MemberPass is working on. I think they have a great model with transaction fee mining. I believe this type of exchanges will be around.

My question is where do the quality traders hang out? What motivates you to join a new exchange?
Everyone could really be possibly a quality trader but the hard thing on this initial phase on how you would able to drive traders to such exchange and trade off a particular coin.
There are lots of criterias to considered first before making any trading activity.

1. Popularity of the Exchange
2. Trust
3. Volume of the coin
4. Fees

For luring in potential traders then you should set a competition just like on other traditional projects when it do list out on exchangers.
I agree with you and may I add with number 5. Great customer support "ease of transaction dealing with exchange". Being fast to respond on problems with  deposit and withdrawals is a plus for an exchange, if they resolve uickly.  I prioritize with big volume turn out also  being processed or traded as it may equates to many trader and popular also. Fees is also another thing.


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December 09, 2018, 06:26:20 PM
 #12

I guess to each its own, if your comfortable to one exchange then you go for it, no need to tell others what should be a better fit because everyone is very different.

As for the Korean exchange, we will have to see, if they offer is good as compare to others then sooner or later traders will flock to that exchange, no doubt about it.

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December 11, 2018, 06:01:46 AM
 #13

What motivates you to join a new exchange?

Motivation might not be the right term for me when making a decision to test out a new exchange.

First of all, I will used them because of specific reason that some coins on my portfolio will be listed there. No way I will just try a new exchange without any reason or will consider those if some strong hype circulates about that exchange.

My question is where do the quality traders hang out?

They are everywhere. Smiley

nicolas1979
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December 11, 2018, 07:38:31 AM
 #14

There is a Korean exchange whose airdrop campaigns MemberPass is working on. I think they have a great model with transaction fee mining. I believe this type of exchanges will be around.

My question is where do the quality traders hang out? What motivates you to join a new exchange?

I see their tools, as long easy to use and always up date that's the first sign to join. Second I see their services, if they can fix and finish my transaction/ problems on time that's become reason to keep stay. I never see how much their members, fees or bonus. I see their quality because using them I want to change my life. Just take challenge to join and see what happen, can accept stay make bigger problems leave.

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December 11, 2018, 08:28:22 AM
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My question is where do the quality traders hang out? What motivates you to join a new exchange?
I just wanted to answer you based on the perspective how I am selecting any exchange. Only the availability of a new coin is the core reason to choose a new exchange. After the news of one new coin/token gets listing out into an exchange, I go for search to find out what are the exchanges are available for that particular new asset.

When two or more exchanges are available for the particular new asset, I will be choosing the most popular one rather than going for a new one. I'm always afraid of clearing KYC. It is kind of allergic to myself as I value my privacy more than exposing myself to them for the sake of withdrawing few dollars.

Honestly, I never bother about what are the trading fees and what are the extra features on exchange is offering. Because I'm not the continuous trader only to convert my new assets into btc/eth/ltc, I need for exchanges.
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December 11, 2018, 10:20:10 AM
 #16

There is a Korean exchange whose airdrop campaigns MemberPass is working on. I think they have a great model with transaction fee mining. I believe this type of exchanges will be around.

My question is where do the quality traders hang out? What motivates you to join a new exchange?

There are a lot of factors that lure traders to an exchange, ranging from the security of funds on the exchange, low fees, and volume. Some other lures could be freebies and some trading competition.
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December 11, 2018, 10:54:29 AM
 #17

only trustworthiness is important for me in an exchange and nothing else. their platform can be the worst thing among the other exchanges but if I could trust the exchange with my money then that would be enough for me to choose that exchange instead of better designed exchanges that are not trustworthy.

it is a matter of money and its safety. I am honestly tired of all these good looking exchanges which are trusted until the day they take your money and run away: Mt Gox, Cryptsy, Bittrex, C-cex, Bitfinex,... they all were good exchanges, with good support, low fees, high volumes, lots of coins listed,... but they all scammed.

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December 12, 2018, 02:47:59 PM
 #18

only trustworthiness is important for me in an exchange and nothing else. their platform can be the worst thing among the other exchanges but if I could trust the exchange with my money then that would be enough for me to choose that exchange instead of better designed exchanges that are not trustworthy.

it is a matter of money and its safety. I am honestly tired of all these good looking exchanges which are trusted until the day they take your money and run away: Mt Gox, Cryptsy, Bittrex, C-cex, Bitfinex,... they all were good exchanges, with good support, low fees, high volumes, lots of coins listed,... but they all scammed.

Trust is the most important as you said but due to high spread you are loosing money with every trade. If you are daytrading and you have 1 % spread after 100 trades you give away 100% of your porfolio (if you didnt cover it by your earnings you are zeroed just like after exchange hack - add high fees to it and you are zerowed in 50 trades. And 50 trades are achivable in 1 day while daytrading). Comare it with 0.1 % spread.

If your are buying for lifetime hodl trust might be the only factor but hodl investors most often decides to hold token outside of exchanges. So you have to have so much bud luck to transer coins to exchange at same time it gets hacked.

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December 12, 2018, 03:21:40 PM
 #19

There is a Korean exchange whose airdrop campaigns MemberPass is working on. I think they have a great model with transaction fee mining. I believe this type of exchanges will be around.

My question is where do the quality traders hang out? What motivates you to join a new exchange?
Quality traders usually standby on those exchange where they can assure that there funds are safe and can easily transfer anytime they want to make a transaction/s. If that exchange will have a better security, high volume in marketcap and many good coins available for trading , then there's no reason for traders not to create an account in that exchange. Iit is uniqueness from other exchange platforms and it's legitimacy  can attract a trader's  attention.

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December 12, 2018, 05:38:34 PM
 #20

Recently I started trading on a new velvet.exchange, there are no innovations there, I just liked the integration of the best trading solutions.
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