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Author Topic: What are the things to be considered when choosing the appropriate exchange for  (Read 19137 times)
Greenkarki (OP)
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March 07, 2019, 06:02:39 PM
 #1

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.

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March 07, 2019, 06:12:18 PM
 #2

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.
First of all this should be in the Trading Discussion not in Bitcoin Discussions. Choosing the right exchange site for you depends on what coin or token you plan to buy because even if you are using the #1 exchange site as per Coinmarketcap, it will be useless if the coin or token you plan to buy is not listed.
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March 07, 2019, 06:30:18 PM
 #3

There are too qualities to look for in an exchange;
Liquidity,
Security,
Ease of withdrawal of assets,
Credibility,
Easy to use interface.
Exchanges are mostly ranked according to the market capitalization and trading volume, but this figures are not always accurate. Always do proper research.

It also depends on if you're converting crypto to fiat or crypto-crypto.
Binance, IDEX, Coinbase are all examples of cryptocurrency exchanges.
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March 07, 2019, 08:53:36 PM
 #4

For me, the first thing I look at when choosing an exchange is their security because I have lost huge amount before on an exchange due to poor secuirty system they put in place. Make sure they have security permit for trading and withdrawal. Bitfinex for example has security for trading, meaning without your security code, no one can trade your tokens even if they have access to your account. They can't also withdraw your tokens without your code. The next thing I look out for is what they charge for withdrawals as some exchanges charge very large fees which can be very tiring.
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March 07, 2019, 09:15:33 PM
 #5

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.

I myself prefers local exchange with clear information about the company. Here in my country, there is a local exchange which is so popular and trusted. The exchange has offices in some cities so it gives users more confidence to use the exchange because it will be easier to contact them whenever we experiences difficulties or issues.
If you dont know how exchange works, then I suggest you to find local exchange first if any.

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March 07, 2019, 10:01:25 PM
 #6

Due to so many coins being created day in and out, exchanges has also been lauched. I trade on most exchanges but the number one criteria I use is its decentralized nature. I always like using decentralized exchanges.

I’m me
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March 07, 2019, 10:13:44 PM
 #7

wrong area but if you want to be a trader volume is too important for you. you must work with big exchanges like binance or something
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March 07, 2019, 11:22:53 PM
 #8

First you have to choose which stock market to trade first. You can deposit money on a  exchange, then buy coins.. You can deposit money on a  exchange, then buy coins. then deposit this bitcoin to another stock exchange where you can buy other coins. ( Binance, bittrex, poloniex ) then review the average daily price of 100 , and buy it when it's at the lowest price..when it is profitable, you sell.
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March 07, 2019, 11:33:46 PM
 #9

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.

I will assume you are pointing to bitcoin here.

First thing you need to search is if that exchanges will give you an easy and less hassle way of buying bitcoins since obviously you need bitcoins to start doing trades as part of your study about how trades works. Lots of big names so you are the one who have to decide which one as we might have different experience using them.

Might also try to search for a local crypto exchange first as surely it was way more accessible as it will support some of your payment system in your country. If you have difficult finding some you can seek an assistance at your local section or local social crypto groups.

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March 07, 2019, 11:41:30 PM
 #10

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.
Liquidity is my priority on looking for some exchanges and of course the reviews on it. Coinbase is a good wallet/exchange you can start small on that. Do learn more about trading, this is not just about good exchanges, you have to improve your skill on trading of course.
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March 07, 2019, 11:42:23 PM
 #11

I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works.
Coinbase is the wallet where you can buy and sell through coinbase directly --> https://www.coinbase.com/

While in coinbase pro, this is where trading happens with other users --> https://pro.coinbase.com/



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March 07, 2019, 11:44:35 PM
 #12

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.
First of all this should be in the Trading Discussion not in Bitcoin Discussions. Choosing the right exchange site for you depends on what coin or token you plan to buy because even if you are using the #1 exchange site as per Coinmarketcap, it will be useless if the coin or token you plan to buy is not listed.

This is very correct. First, he needs to know what coins he wants to trade. But then again, there are a lot of threads in the trading discussion what he's looking for. So better go ahead in that section and read for himself. No need to create a new one.
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March 08, 2019, 01:09:50 AM
 #13

If you're not planning to short trade - you're just gonna buy and hold for a long period, check out this site: https://www.buybitcoinworldwide.com
>fill out the country field
>fill out the payment method
>click "read review" for more information about the chosen exchange. It also has tutorials which is sth you've asked. But I will still advice you to search for other reviews from diff sites.

Just a heads up! Don't keep your coins in an exchange for too long since you don't hold the keys there (ownership basically).
Check this for wallets: https://bitcoin.org/en/choose-your-wallet

And I wasn't 100% sure but if you're just planning to trade crypto <-> crypto, might as well stay away from those who deals with fiat as they are stricter when it comes to kyc.

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March 08, 2019, 03:08:51 AM
 #14

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.
If me personally, first i will look that exchange already work for long time or not, how was coin that listed in there, volume trading. Maybe old site can be pick because they might be already face any attack that came to them and can fix it.

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March 08, 2019, 03:52:06 AM
 #15

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.
Choose an exchange with high volume, secured (there should have 2fa security), and easy to use. I recommend you to use only Binance at start since it's user friendly including newbie traders. Their indicators and tools aren't complicated which is good when you're just starting trading.
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March 08, 2019, 05:29:38 AM
 #16

I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange
You may get going with coinbase as they are highly reputed (but not sure about their liquidity and availability of wide range of altcoins and tokens) if you are able to clear KYC. I like to suggest you to go for bittrex where I am trading right now still you need to clear KYC. Binance might be another good exchange with almost all the tokens and coins are available with them and they may allow you to withdraw up to 2 BTC daily without KYC.

advise me of the some exchange names.
Please look into service announcement board for active bitcointalk supporting exchanges.
Check exchanges board for issues and latest opinion by our community.
You may get all the exchanges list from coinmarketcap. Check here : https://coinmarketcap.com/rankings/exchanges/reported
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March 08, 2019, 05:47:03 AM
 #17

the first and the most important thing to consider is trustworthiness! for example check the history of the exchange and see different feedbacks to find out whether they have scammed anyone before and if they did that means they will do it again so stay away from such exchanges. a good source for that is bitcointalk, use the search function on top right corner of the webpage and also look for their announcement topic.

when you find a trustworthy exchange they will automatically also have higher volume (liquidity) list lots of coins, have better security and better options,...

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March 08, 2019, 07:24:35 AM
 #18

I guess you can choose the exchange from reading on many threads here and I think you only need to try on the recommended by many members.

I don't suggest to try with the new exchange because you don't know more about them. It is better to choose the reputable exchanges while you can learn what is inside the exchange and make yourself familiar with the trading process.

Once you are familiar, then you can move to the other exchanges and feel the differences. You can then choose which exchange that fits with yourself, and I am sure that in the end, you will have a favorite exchange.

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March 08, 2019, 06:28:53 PM
 #19

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.

It is best that you only use Binance and coinbase, but you should read the TOS of these two exchanges and if your country is not on the list of restricted countries. In other words, you should see if your country is allowed to trade in these exchanges. why I recommended these 2 exchanges?

1-) because you know who are the owners of these 2 exchanges and if you do not know, then you can search on google

2-) because so far they are more reliable than other exchanges

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March 08, 2019, 07:39:24 PM
 #20

I purely look for safety, as I don’t think there is any else you could talk with exchange aside from security and safety. I don’t like pure exchanges much at all. Although, I myself use Coinbase but overall I prefer broker.

I have done Forex trading for years and years now, and there only I have started doing Crypto trading. I have recently joined up on FXLinked, where they have over 150 instruments to select from which include Cryptos too, so it’s something that’s pretty cool and much easier as compare to routine way of exchange.

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March 08, 2019, 07:55:25 PM
 #21

Choosing the best exchanges will always depends on which type of investment and which currency are taken that we have to invest this will made the changes to be selected by us and a lots of different sites suitable for different kinds will available but using them is very important for the future.

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March 09, 2019, 10:44:14 AM
 #22

The first thing you should look for in any exchange is the security of the exchange, do a research to see the review of those who have used the exchange already, so that you can know their experience and see if it's worth taking the risk or not.

You should also check if an exchange is user friendly before thinking of trading with them so that you can get a good user feel when ever you are making use of the platform.
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March 09, 2019, 02:17:27 PM
 #23

The first thing you should look for in any exchange is the security of the exchange, do a research to see the review of those who have used the exchange already, so that you can know their experience and see if it's worth taking the risk or not.

You should also check if an exchange is user friendly before thinking of trading with them so that you can get a good user feel when ever you are making use of the platform.
Just pick an exchange what most of the people were using when you have no idea about what to pick,in my opinion Binance will be the best option for you.

But trading can be risky job and can lose your capital so learn the basics of trading and the start doing it.
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March 10, 2019, 09:26:47 AM
 #24

I believe that exchanges "history" plays a big part. Most of the exchanges are quite brand new when considering financial world. There are banks that have been around for decades even centuries that exist today so when you consider binance as the best exchange you are listing an exchange that is what? 2 years old ? Not even ? So, always look for the history and check how long they have existed and try to find the oldest reliable one with least complaints and issues.

Coinbase and poloniex for example is not loved by many people but they have been around for a long time without big issues, binance is a great one but it is new however even though it is new it has been through a lot of troubles that they bared themselves without giving their customers any issues. History of an exchange makes up how great it is today.
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March 10, 2019, 10:33:40 AM
 #25

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.

Though coinbase is a good exchange, you shall consider the overall security on choosing an exchange. Here is the link where you can find guides on how to choose the right exchange for you.

Anyway, fees is also important. The lower the fees does an exchange has, the better. I've been using binance and coinbase from some quite now.
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March 10, 2019, 01:19:33 PM
 #26

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.
Binance is the best platform at this time with high volume so that it can be a bit of an advantage for you if you can manage everything in trading with a very large selection of coins, there are some who are very qualified, learn for yourself like looking at other websites because they provide more articles about trading globally, I do not recommend using an unclear exchange because it is very risky for the assets owned, I personally use Binance and coinbase, the level of security must be considered the most important.
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March 10, 2019, 01:38:34 PM
 #27

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.

If you want to be safe in the exchange, you must check the coinmarketcap and look for the top 10 exchange for sure those exchange has a good volume in the market, and most traders there can play well over that platform.
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March 10, 2019, 03:17:25 PM
 #28

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.
If me personally, first i will look that exchange already work for long time or not, how was coin that listed in there, volume trading. Maybe old site can be pick because they might be already face any attack that came to them and can fix it.
Sometimes, I think using trading volume as selection method is quite a wrong approach because some of them end up hyping the volume of trade on their site though not all exchanges does that, it is also necessary not to completely rely on volume because some of them register shitcoins a lot and most of these big exchanges are where you find them.

But, I agree with you when it comes to years of experience and it is also good to know the exchange support system because the newbie will definitely have lots of issue using the exchange and make many mistakes, it would be more frustrating if there is no support system put in place to assist.
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March 10, 2019, 09:04:03 PM
 #29

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.
As a newbie, Binance is still the best bet actually when it comes to trading and not only for newbie, virtually for everyone and looking at the way you sound, you still need to do more training before venturing into trading business.

Kindly go for proper tutorial, you could get some mentors around you that you can ask to train you or if you are a fast learner, you can learn from YouTube, most tutor will surely introduce you to most existing exchanges and also advice you on the best to choose because if you base it on self-research and review from here, you might end up not choosing the one that is right for you.
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March 10, 2019, 09:52:30 PM
 #30

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.
first of all you need some experience about choosing a exchange and it could be trustable also then you need to choose the exchange which will be suitable for your investment after this process everything is simple so the first and foremost thing is you need to pick the right.
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March 10, 2019, 10:15:40 PM
 #31

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.
Not all exchanges are the same. We can divide them into : fiat to crypto and crypto to crypto. The coinbase you have heard about, belongs to fiat to crypto. So, you can get BTC or other ''bigger'' cryptocurrencies with fiat money in these exchanges. Then, in crypto to crypto exchanges you can use it to get other altcoins.
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March 10, 2019, 11:33:30 PM
 #32

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.

Actually a good deal of exchange for now. Try to visit: https://coinmarketcap.com/rankings/exchanges/

Binance, Bittrex is a pretty good exchange in my opinion, ranking does not always provide sufficiently complete information but at the least it can make us look for coins that are not in other exchanges
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March 11, 2019, 02:28:16 AM
 #33

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.

Actually a good deal of exchange for now. Try to visit: https://coinmarketcap.com/rankings/exchanges/

Binance, Bittrex is a pretty good exchange in my opinion, ranking does not always provide sufficiently complete information but at the least it can make us look for coins that are not in other exchanges

Those are also my Top 2 exchange, Binance and Bittrex. I felt that my coins are secured with them but still, we need to have our own hard wallets because nothing is more secured than it. Going back on the question, the things which I consider on choosing an exchange are security and availability of the support group of the site.
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March 11, 2019, 02:40:18 AM
 #34

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.

Actually a good deal of exchange for now. Try to visit: https://coinmarketcap.com/rankings/exchanges/

Binance, Bittrex is a pretty good exchange in my opinion, ranking does not always provide sufficiently complete information but at the least it can make us look for coins that are not in other exchanges

Those are also my Top 2 exchange, Binance and Bittrex. I felt that my coins are secured with them but still, we need to have our own hard wallets because nothing is more secured than it. Going back on the question, the things which I consider on choosing an exchange are security and availability of the support group of the site.
all places of exchange have their respective weak points and it all becomes a risk to all traders so that to be better then you must remain cautious when in exchange and do not keep assets too long in exchange because the risk is too high.

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March 11, 2019, 05:43:52 AM
 #35

Look for what coin you are going to trade.

Pick the best exchange based on the price and trade volume from CMC.

Just read the reviews of that selected exchange before depositing any money.

If there is no negative review then it is good for you to start.

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March 14, 2019, 11:51:31 AM
 #36

all places of exchange have their respective weak points and it all becomes a risk to all traders so that to be better then you must remain cautious when in exchange and do not keep assets too long in exchange because the risk is too high.
Well said mate, do you then advice to trade with different exchanges because I think it is not possible not to keep you coin in an exchange for long for long term traders, we understand the long term investors that are strictly holding their coin for long term, those ones can decide to pull their coins/token to either a pc wallet or phone wallet away from exchange wallets but for a full time trader, how do you then manage this since you will constantly be trading using the available platform on that exchange on a daily basis for a long time.
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March 14, 2019, 12:09:53 PM
 #37

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.

for now I would recommend you to use a pair of exchange + safe wallet.
You can use a safe licensed exchange for trading, that would be a good thing.
and the same for exchange - use a protected one like imtoken, jaxx or mew.
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March 14, 2019, 01:09:01 PM
 #38

Ofcourse you need to consider the security of the exchanges site or the wallet if they have secure and have good development.
Securing the exchanges site makes you secure too because you cannot be worry that your token or coins are gone.
Im looking also of the features of it if they have good features and everything about I consider it so I can make a decision where I trade that's I do before.
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March 14, 2019, 01:21:41 PM
 #39

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.

Though coinbase is a good exchange, you shall consider the overall security on choosing an exchange. Here is the link where you can find guides on how to choose the right exchange for you.

Anyway, fees is also important. The lower the fees does an exchange has, the better. I've been using binance and coinbase from some quite now.

If there is any thing to go by, Coinbase is not a good exchange at the moment but we prefer Binance for OP. My experience with Coinbase recently were the had to blocked my account because of what i wasn't told to do. Though have put it behind, Binance has all you need to start trading as a newbie but be mindful of what you trade with ie. the amount should be such you can afford to loose. 

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March 16, 2019, 05:59:12 PM
 #40

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.
I think what you should care more about before thinking of trading on an exchange is to check about the security of your coin on the exchange, because we have heard of how many exchanges being hacked and a lot of user funds stolen, I think you don't want that to be your experience, another thing you should check is the volume of the exchange, exchange with large volumes are very difficult to manipulate because it would cause a lot of money to that.
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March 16, 2019, 08:14:27 PM
 #41

My only think that anyone who are interested in to trading and choosing and good exchanges will needed a huge experience in this field because the counting days will increase your talent and knowledge about anything that you are interested so it could give the idea about the new and existing exchanges then it will be easy to pick the right one for good exchange.

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March 16, 2019, 11:12:48 PM
 #42

If there is any thing to go by, Coinbase is not a good exchange at the moment but we prefer Binance for OP. My experience with Coinbase recently were the had to blocked my account because of what i wasn't told to do.
Coinbase is the most legitimate exchange in the space. It's also the main fiat entry/exit point for millions of people, doesn't matter whether they are short or long term minded. Coinbase is the best in that field.

Not sure why they blocked your account, but the main problem with people running into problems with Coinbase is that they underestimate the nature of a well regulated exchange.

If you read their terms, it would be clear that they don't tolerate certain actions and uses. Admittedly, the majority of the people don't read the terms, but in this day and age of the crypto industry you better do from now on.

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March 17, 2019, 12:15:42 PM
 #43

I am a participant in the bounty of companies, and in principle I use many exchanges, only I don’t use those where they ask to go through KYC.

For me, the best exchange is binance
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March 17, 2019, 05:01:39 PM
 #44

First of all you should know everything about their fees, either it is trading fees or withdrawal fees, and you should know what is the minimum withdrawable amount for coins/tokens there, and more importantly you should do some research about the exchange history and read some legitimate user experiences to see for yourself whether or not they have a good reputation before depositing any funds there, and lastly but not least you should use their trading interface for a while to see if it fits your needs in trading or not, like having a stop loss option and such...
Of course, a clear interface really makes a huge difference when choosing the appropriate trading platforms, but for me another factor is imperative when choosing, this is the provision of personal data. If I will not use this exchanger or exchange permanently, then I consider that there is no need to go through kyc and will look for something else.
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March 17, 2019, 08:55:42 PM
 #45

Choosing the best exchanges will comes along under the experience first of all trust is very important for the exchange that we have to decide because without any trust we cannot move on with a hope but the possibility of scams is very low here but we have to be alert in every time in every exchanges.
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March 17, 2019, 11:28:37 PM
 #46

If there is any thing to go by, Coinbase is not a good exchange at the moment but we prefer Binance for OP. My experience with Coinbase recently were the had to blocked my account because of what i wasn't told to do.
Coinbase is the most legitimate exchange in the space. It's also the main fiat entry/exit point for millions of people, doesn't matter whether they are short or long term minded. Coinbase is the best in that field.

Not sure why they blocked your account, but the main problem with people running into problems with Coinbase is that they underestimate the nature of a well regulated exchange.

If you read their terms, it would be clear that they don't tolerate certain actions and uses. Admittedly, the majority of the people don't read the terms, but in this day and age of the crypto industry you better do from now on.
Most common mistake of users why accounts being blocked is that they do usually violate their ToS and complaining later on regarding on the service.
Coinbase is legit and been trusted nowadays but in exchange it is highly regulated unlike on other current exchangers.

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March 18, 2019, 01:01:03 AM
 #47

For beginner trader is much better first trade crypto on spot market and avoid margin trading.  There are alot of trusted exchange  with high trading volume,  like Binance,  Huobi,  Poloniex,  Bittrex. In Binance and Bittrex you can make deposit by buying some crypto using credit card. And you have to know how stop loss work in exchange,  because use stop loss is the most important thing. 

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March 18, 2019, 01:16:10 AM
 #48

Choosing the best exchanges will comes along under the experience first of all trust is very important for the exchange that we have to decide because without any trust we cannot move on with a hope but the possibility of scams is very low here but we have to be alert in every time in every exchanges.
Trust is not enough choosing an exchange because the past history of an exchange site is very vital before joining an exchange I mean if an exchange site has been reported for scamming their users or not paying their customers. What makes you think they won’t take your btc and run?

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March 18, 2019, 03:01:42 AM
 #49

First and foremost choose exchange that is credible and have real volume. There are many exchange that its volume are bot volume so their trading volume ia fake. Also choose exchange that have smooth user friendly interface to navigate your way through and also choose exchange that has good customer support service

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March 18, 2019, 04:45:47 AM
Last edit: March 19, 2019, 04:37:14 AM by edisystem
 #50

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.
Choose the popular one, trusted and an exchange that have a big volume like binance, bittrex and huobi.

Remember to use 2FA on your account and other security to protect your account. Before choose an exchange, try to search it first on google, check the review.

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March 18, 2019, 08:16:57 AM
 #51

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.

I suggest trying Binance. You don't have to fill KYC if you don't want, you can start to deposit with a low amount with a various coin. You can use BNB as your trading fee so you can keep your profit in your balance. Binance has a large list of coins so you can choose which coins that could gives you a profit. I wouldn't suggest using Coinbase because you need to fill KYC if I'm not wrong, but it's up to you.

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March 18, 2019, 09:28:04 AM
 #52

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.
Security and fastness are some of the thing I look for in exchange.  I do remember that some of the people that loss much in cryptocurrencies are through hack activities in the exchange they are trading through.  If the exchanges is secure and has a fast platform for execution then you are left with your skills for making money.
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March 18, 2019, 09:33:26 AM
 #53

Choosing an exchange depends on what you want to do. it could be just converting from one currency to the other. Some are traders by profession so they almost trade every day for profit. Generally, you should look out for the exchange's security, fees, credibility, volume. customer support etc.
eg. binance, okex, coinex, kucoin, indodax and a whole lot

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March 19, 2019, 08:29:33 AM
 #54

Choosing the best exchanges will comes along under the experience first of all trust is very important for the exchange that we have to decide because without any trust we cannot move on with a hope but the possibility of scams is very low here but we have to be alert in every time in every exchanges.
Trust is not enough choosing an exchange because the past history of an exchange site is very vital before joining an exchange I mean if an exchange site has been reported for scamming their users or not paying their customers. What makes you think they won’t take your btc and run?
In law, they say “innocent until proven guilty”, it’s clear that people’s review matters in the market when it comes to making choices but not accurately right, we have some comments that are for the purpose of discrediting an exchange not because they are actually that way.

Let’s use Binance as example now, everyone knows how popular Binance it, before I joined Binance, while making enquiry, I read a lot of discrediting reports about them which I found to be untrue after I took the risk of trying them, though I was just careful and managed the risk till I was able to build my confidence, we just have to trust first and then make our research till its proven otherwise.
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March 19, 2019, 01:44:36 PM
 #55

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.
Security and fastness are some of the thing I look for in exchange.  I do remember that some of the people that loss much in cryptocurrencies are through hack activities in the exchange they are trading through.  If the exchanges is secure and has a fast platform for execution then you are left with your skills for making money.
Security issues are always things that people prefer to consider before they want to participate in an exchange because as you said, too many cases in the past about hackers attacking and stealing investors' money, so security will be the most important thing. And after we satisfy the security issue, I believe that what we will choose is quality of service and support team, a good exchange will always know how to provide and serve the best for investors, if they do not have it, participating in their exchange only makes us feel suppressed

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March 19, 2019, 02:14:26 PM
 #56

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.
dont rely on others opinion mate which is must search on youtube instead for basic step by step tutorial and to obtain specific information about the exchange you want to trade. It could be easy probably and a big help for you to easily determine the most provably fair exchange site that will fit on your plan.
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April 02, 2019, 07:31:28 PM
 #57

Choosing the best exchanges will comes along under the experience first of all trust is very important for the exchange that we have to decide because without any trust we cannot move on with a hope but the possibility of scams is very low here but we have to be alert in every time in every exchanges.
Security, ease of making transactions and low fee of transaction. These are the best qualities and are desirable if you are looking for a best exchange. You should look for the one used by many individuals. This would mean that the exchange is legitimate and you could get your coins transacted anywhere around the world by paying a very low fee. Coinbase is a good exchange.
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April 02, 2019, 09:07:44 PM
 #58

Choosing the best exchanges will comes along under the experience first of all trust is very important for the exchange that we have to decide because without any trust we cannot move on with a hope but the possibility of scams is very low here but we have to be alert in every time in every exchanges.
Security, ease of making transactions and low fee of transaction. These are the best qualities and are desirable if you are looking for a best exchange. You should look for the one used by many individuals. This would mean that the exchange is legitimate and you could get your coins transacted anywhere around the world by paying a very low fee. Coinbase is a good exchange.

low fee of transaction is not always the best feature of an exchange. just take a look at tradesat now, they are charging one of the lowest btc tx fees but how long are you gonna wait, days -weeks? thats unacceptable! better pay for higher tx fee with the assurance that you will receive your money.
aside from that = active technical support, fast response whenever you are encountering any issues with your account. that you can say you closed your ticket satisfactorily in just few days not weeks of waiting in agony

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April 02, 2019, 09:11:25 PM
 #59

Choosing the best exchanges will comes along under the experience first of all trust is very important for the exchange that we have to decide because without any trust we cannot move on with a hope but the possibility of scams is very low here but we have to be alert in every time in every exchanges.
Security, ease of making transactions and low fee of transaction. These are the best qualities and are desirable if you are looking for a best exchange. You should look for the one used by many individuals. This would mean that the exchange is legitimate and you could get your coins transacted anywhere around the world by paying a very low fee. Coinbase is a good exchange.

low fee of transaction is not always the best feature of an exchange. just take a look at tradesat now, they are charging one of the lowest btc tx fees but how long are you gonna wait, days -weeks? thats unacceptable! better pay for higher tx fee with the assurance that you will receive your money.
aside from that = active technical support, fast response whenever you are encountering any issues with your account. that you can say you closed your ticket satisfactorily in just few days not weeks of waiting in agony
Its just too dumb for an exchange to set out the lowest fee but when it do already compromise the speed of transactions to be made then they are just putting themselves on fire.
This will be a big problem to them and might cause on losing users instead of gaining due to this reason.

Fast response of support, Good UI, Reputation and popularity is the factors that I do seek out when choosing an exchange.

R


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April 02, 2019, 09:49:57 PM
 #60

Big exchanges are usually the ones to go with. Small exchanges can put you in similar situation Quadriga put their clients. There will be one person who controls everything and at some point they'll crack. Scam you, die, get assaulted or kidnapped. Binance, Bitstamp, even Coinbase. Choose what you want there's enough to choose from.
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April 06, 2019, 09:20:53 AM
 #61

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.
I think the major thing to consider when choosing an exchange for trading is the security of the exchange, because once you trade on an exchange that has security threat, your coins are at risk and can be lost at any time to hackers which is why you should make research on the security of an exchange before investing your money into that exchange or leaving your money on that exchange, also make sure that the platform is user friendly to get the best experience.
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April 06, 2019, 09:30:55 AM
 #62

I always considered the security system of an exchange. That is the first important thing for me. Next  is the popularity of one exchange that has many positive feedbacks. An old exchange has an established and good reputation. Also, consider the low fees and the fast transactions of it.
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April 06, 2019, 02:32:31 PM
 #63

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.
If you want to try some exchange, you can go and check the exchange in my signature. It is a transaction mining exchange with a great platform and team, and it is very easy to use just like every exchange. You can also try buy CaTT and locked it up so you can have daily dividends.

Live for the moment.
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April 07, 2019, 01:11:50 PM
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 #64

I always considered the security system of an exchange. That is the first important thing for me. Next  is the popularity of one exchange that has many positive feedbacks. An old exchange has an established and good reputation. Also, consider the low fees and the fast transactions of it.
Positive feedback are products of popularity, which is very easy to detect how popular and exchange his, just like Binance now, we don’t need anyone to tell us how popular Binance is because of its name that rings bell on every ear but when it comes to the security of an exchange, what then should one look out for.

I know of some quite big exchanges that we believe they are secured looking through the system of security they have put in place but yet, hackers still succeeds in stilling fund from these exchanges, except maybe I was an internal thing which I don’t doubt too, but apart from that, how are they able to still steal funs despite the security put in place.

What is that major security system to be put in place that will make us know that it will be impossible to hack them?

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April 07, 2019, 06:15:28 PM
 #65

There are some exchanges that I would rather pay someone to help me sell my coin or something . This is due to the sloopyliness of the exchange's interface. So I will advise that before you choose an exchange that you consider the interface, transaction fee, how prompt the exchange support staff respond to complaint etc
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April 09, 2019, 07:58:48 AM
 #66

Positive feedback are products of popularity, which is very easy to detect how popular and exchange his, just like Binance now, we don’t need anyone to tell us how popular Binance is because of its name that rings bell on every ear but when it comes to the security of an exchange, what then should one look out for.

I know of some quite big exchanges that we believe they are secured looking through the system of security they have put in place but yet, hackers still succeeds in stilling fund from these exchanges, except maybe I was an internal thing which I don’t doubt too, but apart from that, how are they able to still steal funs despite the security put in place.

What is that major security system to be put in place that will make us know that it will be impossible to hack them?
That is a good question because it actually helps you make more money if you are on the right exchange. I think that you should be focused on many factors when choosing an exchange.

Risk, Security and liquidity plus the transaction fee. These are the factors you need to be very curious about and since I use Binance, I am very satisfied about the exchange I use. You can Google the leading digital exchanges.
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April 09, 2019, 08:55:10 AM
 #67

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.
Choose exchanges that have good reputations like Bittrex, Huobi, Binance. Never use an exchange that has a bad reputation, don't ever be tempted by a cheap fee withdraw because it won't promise the account we have is safe. Exchange that has a good reputation will usually have good security features, so choose the best to provide maximum comfort and security when we trade.
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April 09, 2019, 11:24:48 AM
 #68

The first thing to consider is the level of security provided by the exchange. You will not want to loose your money in just overnight. Secondly is to check if the exchange is listed in coinmarket cap, then you consider the volume of trading per day. You will not ant to go to a market where their is no activity. After you have made your decision, do a little of googling to find out if they have been hacked before.

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April 10, 2019, 06:02:47 PM
 #69

Safety, Safety and Security is the thing. I do not go for exchange instead I go for broker. I have simple reason and that is because of the freedom with broker compared to exchange. But one target that’s same is safety and security which regardless of what type you select should be picked. I am not sure how you do that for an exchange but for a broker, you can easily check through https://fx-list.com, as it’s the site where you get all facts about brokers and also make comparison, so we can easily pick the best one.
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April 10, 2019, 06:28:03 PM
 #70

To my opinion the two most important things when it comes to exchanges are legitimacy and security. Basicly you don't want to trust you mony to someone who is not doing business according to law and who doesn't keep your funds secure. So this you should check first. If you don't feel confident about any detail connected with particular exchange avoid it. You can also learn from other user's experiences and choose one that is on the list of trustworthy and secure.

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April 10, 2019, 08:13:57 PM
 #71

The first thing to consider is the level of security provided by the exchange. You will not want to loose your money in just overnight. Secondly is to check if the exchange is listed in coinmarket cap, then you consider the volume of trading per day. You will not ant to go to a market where their is no activity. After you have made your decision, do a little of googling to find out if they have been hacked before.
When it comes to security, all these doesn’t really guarantee that they have a very strong secured system and cannot be hacked, if you look at most of the  exchanges that were hacked and funds stolen from, they  were all listed on coinmarketcap and they never had any bad reputation till they were dealt with by hackers.

So, the best I just advise most people to do is never to leave their funds on any exchange hackers can only steal funds when they see one, people should get use to using hardware wallets or software wallets with very strong encryption.
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April 10, 2019, 08:39:10 PM
 #72

The first thing to consider is the level of security provided by the exchange. You will not want to loose your money in just overnight. Secondly is to check if the exchange is listed in coinmarket cap, then you consider the volume of trading per day. You will not ant to go to a market where their is no activity. After you have made your decision, do a little of googling to find out if they have been hacked before.
When it comes to security, all these doesn’t really guarantee that they have a very strong secured system and cannot be hacked, if you look at most of the  exchanges that were hacked and funds stolen from, they  were all listed on coinmarketcap and they never had any bad reputation till they were dealt with by hackers.

So, the best I just advise most people to do is never to leave their funds on any exchange hackers can only steal funds when they see one, people should get use to using hardware wallets or software wallets with very strong encryption.
Anything that created by man can really be hacked by a man.This wont really give out guarantees for an exchange to be unhackable thats why the
risk always lying behind and anytime it can really happen.Most of target would be always the top-tier ones which is normal yet most money is lurking on to those exchangers.
The thing here is that exchangers are trying their best to give out the best security because once it had been compromised then they do know that their
business is fucked up.

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April 11, 2019, 01:02:33 AM
 #73

For me it's about the exchange mechanism, you need an exchange that could do stop loss otherwise you wouldn't be able to safebay yourself when market is nearing, and of course liquidity otherwise it's useless, variety of coins and some others were is withdrawal, trading fees, kinda crucial if you make alot of trades, UI and other stuff are pretty much the same when it's fast

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April 13, 2019, 05:33:11 AM
 #74

Anything that created by man can really be hacked by a man.This wont really give out guarantees for an exchange to be unhackable thats why the
risk always lying behind and anytime it can really happen.Most of target would be always the top-tier ones which is normal yet most money is lurking on to those exchangers.
The thing here is that exchangers are trying their best to give out the best security because once it had been compromised then they do know that their
business is fucked up.
You are very much right, most of these exchanges will not just create a system to come and give themselves a bad reputation, a lot of them are seriously tying their possible best to make sure that they give the users maximum security for their funds.

But, users too are not really helping these exchanges in protecting their images, we keep hearing on news today that they stole fund from someone’s wallet, which they might even mention the exchange, but we fail to ask ourselves whose fault it was, was the fault from the exchange or the user who fails to make use of the security tools provided to him in securing his account.
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April 13, 2019, 08:53:26 AM
 #75

I first look for the reputation of an exchange. Like, if there are lack in its security before, I wouldn't trust my money there. If it passed, I'll test its features and optimzation; if it's laggy and its tool is old for me then I wouldn't continue using it further. Last thing is to check its owner's activity his/her background.
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April 13, 2019, 05:14:06 PM
 #76

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.


A lot of things must be considered upon choosing an exchange. To make things easier, you can read feedbacks or do a series of research to serve as a guide for you to make the right decisions. Choose an exchange where you could do transactions safely and more secured.

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April 15, 2019, 04:03:54 PM
 #77

I first look for the reputation of an exchange. Like, if there are lack in its security before, I wouldn't trust my money there. If it passed, I'll test its features and optimzation; if it's laggy and its tool is old for me then I wouldn't continue using it further. Last thing is to check its owner's activity his/her background.
Security, trustworthy, user friendly and famous having high user base. These are the things I look for before choosing a digital exchange. This is very important because if the exchange you have chosen cares about its users, then you would not have to worry about anything.

Binance and Coinbase are good exchanges with great reviews by its users and this is why they are sustaining in this highly competitive markets and still getting big in user-base, among these two, binance is relatively a new exchange still that does not a criteria here for not considering them.
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May 08, 2019, 10:04:41 AM
 #78

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.
I'm still new in trading and I know that we can't easily trust peoples suggestion but it is great to know their thoughts and ideas. It is much better to have your own research, in that way you will know the things that you need to consider in an exchange and you can also enhance your knowledge in trading. As a newbie we can't really avoid being confused about different exchanges, well i'm lucky because I was able to know darb exchange. It is a good trading platform that helps newbies to trade well because they provide a demo account. It is definitely great because they have fast transaction in transferring assets and funds, aside from that it can also be a crypto wallet and it has high security level that can protect your assets from hackers. Well as a newbie I need to learn a lot of things especially when it comes to the security of my assets, and choosing a good exchange isn't that easy.
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May 08, 2019, 02:32:51 PM
 #79

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.


A lot of things must be considered upon choosing an exchange. To make things easier, you can read feedbacks or do a series of research to serve as a guide for you to make the right decisions. Choose an exchange where you could do transactions safely and more secured.
Secured exchanges is hard to find now, because even the top exchanges are being hacked and Binance is also a victim of this. Now, you have to consider the history of every exchanges and how they handle this kind of situation, i’ve heard that binance will shoulder those amount to keep their reputation up. Choosing an exchange must not be done easily, exchanges will be your partner for your whole journey in trading so choose a wisely.
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May 30, 2019, 09:00:46 PM
 #80

I always considered the security system of an exchange. That is the first important thing for me. Next  is the popularity of one exchange that has many positive feedbacks. An old exchange has an established and good reputation. Also, consider the low fees and the fast transactions of it.

In addition to these, look for some review about the exchanges. From there you can see comments that might help you to decide. But, don't forget that there is no 100% safe exchanges. There is only the most secured. Hackers can find ways. So, don't store huge amount in exchanges.
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June 06, 2019, 06:34:41 AM
 #81

Choosing the perfect exchange can be a hard decision to make. But if you follow the criteria given below, you won’t feel so lost.

Some points to consider:

  • Restrictions based on location
  • Transaction fees
  • Security
  • User experience
  • Liquidity
  • Volume
  • User support

Keeping these in mind, you will find an exchange that suits your needs best. Check for the exchange’s credibility and past history for security breaches and scams.

Some of the well-known exchanges in the cryptocurrency industry today are Binance, Coinbase ShapeShift, Changelly, Bittrex, and Bitfinex.

Your options are not limited to these exchanges. There are many more in the market that could provide the features you are looking for. Conduct your own research and find the perfect fit. Happy trading!


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June 06, 2019, 09:13:50 AM
Last edit: August 01, 2019, 10:13:15 AM by johncarter123
 #82

There are some key elements that can help you to choose the right exchange: Fees, for example on Bithumb it's .15% while on many others up to .20%; Security, the best way to secure your money is to use two-factor authentication; and Trading with Currencies, since the market volume can tell you a lot about the Cryptocurrency Exchange Software, the volume ranking also tells about the credibility of the exchange.
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June 06, 2019, 10:28:12 PM
 #83

You can use any other exchange. It doesn't matter. Most importantly, pay attention to the Commission on the withdrawal of funds and in general on the exchange interface. If you are satisfied, you can trade on it.

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June 06, 2019, 10:57:00 PM
 #84

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.


Coinbase is best to buy crypto but if have a plan to trade buy and sell crypto, I suggest poloniex low transaction fee, easy to understand and to use and most important things is full of security measure to secured your coins.
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June 06, 2019, 11:15:05 PM
 #85

Look always for an exchange with good feedback. Dont try new exchanges, let others do that for you. New exchanges may offer good promotions when theynare launched but problem is what if they fail and just run away with your money. Also, consider their site security, what are they offering to keep your account secured.
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June 06, 2019, 11:49:13 PM
 #86

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.
If I am entering an exchange or buying some cryptocurrency, I usually look for the security and fees. I want to have small fees when it comes in withdrawal. In some exchange, they are requiring identities. However, I do not want to pass KYC because I want an anonymous transaction. If I look for an exchange, I want it to be secured also.

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June 07, 2019, 12:32:06 AM
 #87

If you are a bounty then make sure your rewards tokens are available in the exchange but if you are an investor who wants to be a cypto currencies trader then better to choose the top exchanges like HitBTC and KUCoin as they have already the crypto users trust. Just don't leave your assets in the exchanges after trading as some exchanges are already become victim of hackers too.
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June 07, 2019, 12:42:33 AM
 #88

If you are a bounty then make sure your rewards tokens are available in the exchange but if you are an investor who wants to be a cypto currencies trader then better to choose the top exchanges like HitBTC and KUCoin as they have already the crypto users trust. Just don't leave your assets in the exchanges after trading as some exchanges are already become victim of hackers too.
Kucoin is a good exchange but i would choose an exchange who put premium on security. Binance exchange is one of them and the liquidity is also important in choosing one good exchange too. No fake volume and wash trading, that is what i saw on Binance.

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June 07, 2019, 09:59:13 AM
 #89

For me now the main exchanges are two: Binance and Bittrex, the first is convenient because it has large volumes of trading and you can download a clear mobile application where you can put notifications about your orders, the second is more practical in the web version, which in the wallets section immediately shows how much interest your assets have grown.
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June 07, 2019, 12:19:54 PM
 #90

For me now the main exchanges are two: Binance and Bittrex, the first is convenient because it has large volumes of trading and you can download a clear mobile application where you can put notifications about your orders, the second is more practical in the web version, which in the wallets section immediately shows how much interest your assets have grown.
great, I also used both exchanges to trade my daily, yes binance and bittrex. in my opinion besides having a large trading volume both exchanges are also very comfortable to use and have many choices of altcoins to trade.

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June 07, 2019, 04:49:30 PM
 #91

Best exchange to choose is pretty much a subjective statement. If there's gonna be a few advices I can share as part of your consideration in choosing exhanges, then it will be the interface that suits the best for your needs. Customer support is quite obvious as well as trading volumes cause you never want to trade in a wasteland anyway.
Choosing the best exchange is always going to be subjective since each person will have different characteristics they value more than the others, for example you gave many good characteristics that exchanges must have, but at least to me the most important is the security of the exchange, if an exchange has been hacked several times and the hacks were not small then this shows a pattern of not taking the security of their clients seriously and that will make me to not consider them at all and look for other exchanges.

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June 07, 2019, 06:28:23 PM
 #92

I always consider the previous trust and reviews about what I'm choosing and also it will be giving the confidence for me to go in a proper will and onece you got that the trust when the problem is also easily solved.

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June 09, 2019, 08:29:59 AM
 #93

If you are a bounty then make sure your rewards tokens are available in the exchange but if you are an investor who wants to be a cypto currencies trader then better to choose the top exchanges like HitBTC and KUCoin as they have already the crypto users trust. Just don't leave your assets in the exchanges after trading as some exchanges are already become victim of hackers too.
Kucoin is a good exchange but i would choose an exchange who put premium on security. Binance exchange is one of them and the liquidity is also important in choosing one good exchange too. No fake volume and wash trading, that is what i saw on Binance.
That is what I look for in an exchange and Binance put premium on security which is just great. It provides you some extra security and services and I think that it is not bad to spend few more dollars on the security of your wallet if your coins are on a hot wallet as compared to other exchanges. The services provided by Binance are super fast and I think this is what everyone look for.
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June 11, 2019, 09:27:12 AM
 #94

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.
The first thing you should look for is exchanges in your location, I think that works best as they will be doing their best to provide their good services to your locality. Another thing you should consider is reputation and popularity. How popular the exchange and how good or bad they are, what's their reputation?? It matters a lot, to be sincere. You can do this by searching for reviews about the exchanges and knowing what kind of complaint people has against them and seeing if it's something you can deal. If not, then take off and look for another one.
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June 11, 2019, 10:52:57 AM
 #95

If you are a bounty then make sure your rewards tokens are available in the exchange but if you are an investor who wants to be a cypto currencies trader then better to choose the top exchanges like HitBTC and KUCoin as they have already the crypto users trust. Just don't leave your assets in the exchanges after trading as some exchanges are already become victim of hackers too.
Kucoin is a good exchange but i would choose an exchange who put premium on security. Binance exchange is one of them and the liquidity is also important in choosing one good exchange too. No fake volume and wash trading, that is what i saw on Binance.
That is what I look for in an exchange and Binance put premium on security which is just great. It provides you some extra security and services and I think that it is not bad to spend few more dollars on the security of your wallet if your coins are on a hot wallet as compared to other exchanges. The services provided by Binance are super fast and I think this is what everyone look for.
When it comes to security, they can only try their best but they are not that perfect too, because if they are, there would not have been chance for the hackers to penetrate their system with all the dollars they have spent on the security of the system.

For full security, it is still best to keep the coin in an offline wallet where there won’t be any attachment or attack from hackers, so that when some of these exchanges get hacked, we will not use it as a criteria to completely judge them to be a bad exchange, Binance would have lost everything if not because they have proven themselves to be better in everything aside the security part of it.
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June 11, 2019, 04:45:54 PM
 #96

What I consider when choosing an exchange is the trading volume of the coin I want to trade and the trading pairs too. If an exchange has no volume, then I am not sure someone will purchase my tokens if I send it there. I also consider the popularity of the exchange, because most people trade on sites with high popularity.

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June 11, 2019, 05:14:58 PM
 #97

It's really hard to explain it but I will make it easier to explain it through listing all the things I consider on choosing an exchange:

1. Market volume - This is important, you don't want to trade on no volume exchange
2. Security - Such as 2FA, sms, etc.
3. 24/7 Support - or at least active support who will help you and guide you to any problems you're facing
4. Low transaction fee or withdrawal fee
5. No trading fee
6. Reputable exchange that's running for a long time

So far here are the things I consider on choosing a good exchange.

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June 13, 2019, 08:23:13 AM
 #98

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.
The first thing you should look for is exchanges in your location, I think that works best as they will be doing their best to provide their good services to your locality. Another thing you should consider is reputation and popularity. How popular the exchange and how good or bad they are, what's their reputation?? It matters a lot, to be sincere. You can do this by searching for reviews about the exchanges and knowing what kind of complaint people has against them and seeing if it's something you can deal. If not, then take off and look for another one.
Location? I don’t see why we should consider using location in choosing any exchange when the cryptocurrency system is an internet based technology and can be operated anywhere and with any exchange irrespective of where the location is. The most important thing is that we choose an exchange that will deliver, has good security features and has low transaction fees.

If we consider location, it means many of us will not be using exchanges like binance, Bittrex and other top exchange. The only time I consider location is when the exchange in question is a local exchange, which we have to consider location so that we can be able to received our country currency equivalent.
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June 13, 2019, 03:21:45 PM
 #99

Everyone has their own preferences. How many people have many opinions. The most important thing that I rely on when choosing an exchange is its reliability, the experience of the development team
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August 08, 2019, 08:37:46 AM
 #100

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.
first of all you need some experience about choosing a exchange and it could be trustable also then you need to choose the exchange which will be suitable for your investment after this process everything is simple so the first and foremost thing is you need to pick the right.

Another important thing is taking into account the security and safety of exchange cite. And don't forget to check out the reviews about this platform.I would like to recommend you Monfex.You can check it here https://www.monfex.com/
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August 10, 2019, 05:37:01 AM
 #101

Another important thing is taking into account the security and safety of exchange cite. And don't forget to check out the reviews about this platform.I would like to recommend you Monfex.You can check it here https://www.monfex.com/
Security matters a lot, and the reason why I do use Binance before was because of the security that I felt they have, and when they were first hit with that hacking of $41 million, it really broke me, but I decided to still give them a try, but now that I am hearing another news of their data database being compromised and people’s data stolen, it make me lost so much confidence in them completely and I feel they are not doing their best enough in the aspect of security.

Right now, I think that I am don giving my data out, and this monfex you mentioned, hope they don’t ask for KYC because that would be the first thing that would discourage me about them, I am about to start looking at a better trading platform right now, and I think I might look into this if they are reliable.
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August 10, 2019, 06:08:15 AM
 #102

Volume - it shows the reputation of the exchange by the number of its traders
Availability - some exchange are not available to specific countries
Security - ofcourse anyone don't want his funds to be stolen easily
User Friendly - to trade more comfortably and conveniently
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August 10, 2019, 06:36:32 AM
 #103

I choose Binance, i believe in security and real volume.

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August 22, 2019, 10:57:26 AM
 #104

Volume - it shows the reputation of the exchange by the number of its traders
Availability - some exchange are not available to specific countries
Security - ofcourse anyone don't want his funds to be stolen easily
User Friendly - to trade more comfortably and conveniently

Same.And also i take into account the value of spread
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September 12, 2019, 01:49:33 PM
Last edit: September 12, 2019, 06:47:56 PM by Freddy11
 #105

There are many things that we are required to choose with the exchange we are selecting. However, the most common aspect is to ensure it’s reliable, established and reputed. The worst way is to join random one, which is all but likely to lead towards losses. I am all so very careful in which it helps big time to go for quality Crypto Exchanges only, which not only leads to making profits but also is a way to keep me extremely comfortable with everything.
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September 12, 2019, 04:29:59 PM
 #106

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.

I cannot say anything about coinbase, but according to me Binance is the best exchange.
As you asked how you could choose thr right exchange, then i will advise that go by the nost trusted ones.
A exchange should be capable to pay you your funds instantly and i think Binance is expert on it.
Secondly the exchanges should help their clients instantly in case of emergency and that happens with Binance too.
So according to me Binance can be  a good choice.

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September 12, 2019, 10:44:24 PM
 #107

I am new to trading process. I have heard from people coinbase is an exchange and wallet where I can start trading but I am still not clear how this works. Someone. Suggest me how to choose the exchange and advise me of the some exchange names.

I cannot say anything about coinbase, but according to me Binance is the best exchange.
As you asked how you could choose thr right exchange, then i will advise that go by the nost trusted ones.
A exchange should be capable to pay you your funds instantly and i think Binance is expert on it.
Secondly the exchanges should help their clients instantly in case of emergency and that happens with Binance too.
So according to me Binance can be  a good choice.
Coinbase do have Coinbase pro and I had experience and no complaints with it but when it comes to their web-wallet then
I do always suggest on using up of Electrum instead when you do withdraw or pulling or storing up your funds for long term.
Exchange wallets aren't advisable and in talk with reputation and accessibility and good UI/UX then I would really choose Binance
among other exchanger even they do suffer some issue in the past but they are doing pretty good atm.

R


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