What do you need in A Cryptocurrency Exchange ?!

[iv4n]

Hey everyone,
for all crypto traders , what do you think we need most in a crypto exchange ! right now there are thousands of them but how can you choose which one you trade on ? and what existing exchanges lack of ?

Security should be your main concern and for me, if they have 24/7 support service then that can be a good sign of a good exchange. Yes, a lot of exchanges today with different functions and most of them is just a copy paste of other exchanges. Its ok to use more exchanges as long as you are not storing money on those exchanges, you can trade but never to hold on that.

Why to even mention security, that`s always important. If you wish to trade anywhere you check for daily volume, you can`t trade on place where people aren`t buying or selling. So you need active exchanges with many active people, the more the better. Except that trading fees, and withdrawing fees are important if you trade with small amounts. I always like to see some nice promotions, so if exchange have that, like some have, that can draw my attention. I just listed you what is most important for one exchange to have, without that they are empty and they are doomed to fail.

[mersal]

Hey everyone,
for all crypto traders , what do you think we need most in a crypto exchange ! right now there are thousands of them but how can you choose which one you trade on ? and what existing exchanges lack of ?

I think the most important thing was contact between the changes and the seller of any currencies because not surface changes not responsible for the changes in many times that's why people will not trust while using changes and answer security be important here to trust them.

[CryptoCounselor]

Hey everyone,
for all crypto traders , what do you think we need most in a crypto exchange ! right now there are thousands of them but how can you choose which one you trade on ? and what existing exchanges lack of ?

Security should be your main concern and for me, if they have 24/7 support service then that can be a good sign of a good exchange. Yes, a lot of exchanges today with different functions and most of them is just a copy paste of other exchanges. Its ok to use more exchanges as long as you are not storing money on those exchanges, you can trade but never to hold on that.

Why to even mention security, that`s always important. If you wish to trade anywhere you check for daily volume, you can`t trade on place where people aren`t buying or selling. So you need active exchanges with many active people, the more the better. Except that trading fees, and withdrawing fees are important if you trade with small amounts. I always like to see some nice promotions, so if exchange have that, like some have, that can draw my attention. I just listed you what is most important for one exchange to have, without that they are empty and they are doomed to fail.

It's awful to trade on unknown nor unreliable exchange since the mere fact that we might get bad returns for trading at them we cannot also know that we are trading at the right platform since we cannot make sure that they are safe. So security and volume of traders is very important upon selecting a exchange to trade on.

[LbtalkL]

Security is very important on an exchange customers fund and data's safety has to be secured. A responsive support that helps every customers problems and issues anytime, some exchange is very poor on this matter. Exchange transparency, if there is transparency customer will put their trust on the exchange. I usually use a top 10 exchange which has good reputation and have small withdrawal fees.

[StarofBTC]

I do prefer transparent , security and decentraliziation.  If and exchange can be Build on the foregoing I think I will seriously like it.  The security of the exchange platforms is very important and we can see how much has been lose through hack on exchange in the past because of lack of security.

Money matters, it's our hard earned money so what we wants is the security inside the exchange where we will be exchanging and do our trades,
with continuous updates and progress regarding to security exchange might be appealing to me, together with customer assistance if centralized
exchange.

Protections of assets, making sure that everything is safe against intruders and hackers.

It’s not only bitnex mate, we have quite a number of exchanges that has these facility in place, bitfinex is also good but I recommend binance. They give opportunity to trade in margin and give you an option of placing stop and loss.

The most important thing is for the user of any particular exchange to understand the terrain, check for pros and cons before using an exchange as most of them tells you they offer this service and you get to know they don’t once you register with them or put in your money for trading.

[Bravext]

To be honest, I do not really choose the Cryptocurrency exchanges that I trade on, I just go wherever the coin I want to buy or sell is trading, but one thing I always consider in an exchange is the fees, I love exchanges with low withdrawal fees.

[GregH37]

I need an exchange that has Stop loss tool for traders and exchanges that offers mobile application for IOS and Android. I presently trade on bittrex and their services so far has been awesome as they have most of these facilities still I look for an environment similar to metatrader 4.

I have been using them for a while now and I find it so easy to cryptocurrency while on the move irrespective of my location provided  have strong network connection. They also have quite number of coins that I need for trading.

[karungbitcoin]

I want to have crypto exchange just like Metatrader platform that available alot of tool of trading. Also the highest of security and they can offer guarantee safety for fund of all user.

[iMark]

Hey everyone,
for all crypto traders , what do you think we need most in a crypto exchange ! right now there are thousands of them but how can you choose which one you trade on ? and what existing exchanges lack of ?

Security should be your main concern and for me, if they have 24/7 support service then that can be a good sign of a good exchange. Yes, a lot of exchanges today with different functions and most of them is just a copy paste of other exchanges. Its ok to use more exchanges as long as you are not storing money on those exchanges, you can trade but never to hold on that.

Thats right, bugs and other transaction problems can occur in an exchange, all I want is to have livechat with customer support or at least give a quick answer, yeah customer support should always be online and fast response, it will be very helpful

[Kelvinid]

Other Cryptocurrency exchanges is just like a frame that a possibility to gain some profits to investors and want to those people trade up on their platform but we have no choice if they do that. It's up to those people which exchange they want to pick.

The most important thing we should look in a certain exchanges is the security of our wallets and funds. That is why we should read their feedback's and once we found it good and reliable, then why not to choice? Fees also considerable but I'll just ignore it if it won't have a huge effect into my gains. Cause we can't escaped from that as it is necessary to pay to have a successful transactions.

[wall101]

Other Cryptocurrency exchanges is just like a frame that a possibility to gain some profits to investors and want to those people trade up on their platform but we have no choice if they do that. It's up to those people which exchange they want to pick.

[Akagum]

I look out for cryptocurrency exchanges that has a very user friendly interface .
2. It must have that function that tells one the total  amount of coins you want to buy once you input the amount of coins inside the box provided.
Binance has this function even huobi  and stex exchange.
I hated cryptobia exchange then when I joined cryptocurrency.... trading on the exchange is a Herculean task.

[Suslura]

I look out for cryptocurrency exchanges that has a very user friendly interface .
2. It must have that function that tells one the total  amount of coins you want to buy once you input the amount of coins inside the box provided.
Binance has this function even huobi  and stex exchange.
I hated cryptobia exchange then when I joined cryptocurrency.... trading on the exchange is a Herculean task.

The fact is that many users of cryptocurrency are still waiting for a decentralized exchange, which will work for the benefit of users of cryptocurrency, and not other government structures. I want to believe that the anonymity of the investor, as well as traders will be the main ones in this area. But today the situation has changed a lot.

[DeadCoin]

I look out for cryptocurrency exchanges that has a very user friendly interface .
2. It must have that function that tells one the total  amount of coins you want to buy once you input the amount of coins inside the box provided.
Binance has this function even huobi  and stex exchange.
I hated cryptobia exchange then when I joined cryptocurrency.... trading on the exchange is a Herculean task.

I am sure the best exchanges do have features more advanced then you ask.These are common feature a new exchange would try to have. I do expect that volume should be high to the respective coin i trade with. This would support me for day trading to get in and out often to  see more profits.

[boris singer]

exchange markets with their own coin capitalization as conversion strength (such as bnb) can add quality to accumulatively increase trade discount incentives. the addition of the stop loss feature is also very important, and it is better if many ico have collaborated with the market so that investors have secured guarantees from third-party providers. it would be nice if many markets apply things like this.

[whyrqa-1]

exchange markets with their own coin capitalization as conversion strength (such as bnb) can add quality to accumulatively increase trade discount incentives. the addition of the stop loss feature is also very important, and it is better if many ico have collaborated with the market so that investors have secured guarantees from third-party providers. it would be nice if many markets apply things like this.

Some ico companies today, when mentioning various information about the support of a new project by many companies, indicate some trading platforms that to one degree or another will support the tokens of this project and will actually contribute to the listing. But there are very few such projects and investors do not have full information from ici companies in order to be able to trust more.

[CryptoInsights]

No need to look further, we have big exchanges with high liquidity so no need to look for more. I personally use binance, bittrex and hitbtc.

I list some though these are common things that we should look up to.

• Privacy
• Security
• Liquidity
• 24/7 support
• Instant deposit and withdrawal

How can you measure this criteria , how can you be sure of their privacy and their security as all exchanges promise that then they get hacked !!
Also,what about other features you are looking for that if implemented you would consider using in a new exchange ?

but for all the exchanges it is very strong to hack into security. but it can be hacked and it depends on the person using it if I think. because all of that can be cracked depending on how we use it ourselves

I think to avoid hacking we need to store max of our funds in hardware wallets and trade through non-custodial exchanges.

[BitcoinTurk]

Hey everyone,
for all crypto traders , what do you think we need most in a crypto exchange ! right now there are thousands of them but how can you choose which one you trade on ? and what existing exchanges lack of ?

In recent years, we are witnessing that many new market services are entering the market, which can be considered as a positive development for investors. Although it is more beneficial for the investor to serve in the market where there are many services than in monopoly markets, we can see from time to time that these services are used for malicious purposes. Although there are new and very successful services in the market, the number of services has increased so much that the investor is having difficulties in choosing the best among these options. On the other hand, in order to sort out a few criteria that I have given when I prefer my service;

- High throughput
- Low commission
- Fast processing
- High Security Prevention
- Market confidence in that service
- 7/24 fast support

and more.

[thinkright]

It varies depending on the kind of trader you are. Considering an active trader, his/her would be more. Most important the exhchage's reputation, volime, list of assets and pairs, transaction fees, customer suport etc.

[el kaka22]

I guess cheap withdrawal fees and trading fees are becoming more and more of a big request. Unfortunately most of the exchanges require a ton of money for the trading and withdrawal fees, trading fee is getting kind of small and small every time a new place opens up but they lack volume however withdrawal fee is always an issue and unless we have ourselves a place that uses lightning network than we need to pay an arm and a leg for withdrawing small amounts.

Think about it can you just send 5 bucks in some coin form to an exchange and make couple trades and withdraw it? It will eat up most of your money if not all of it in many places, so we need a place with high volume, a lot of coins , great security history plus very low withdrawal fees almost none. If that happens I am switching to them.