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Author Topic: What do you hate the most about your current exchange?  (Read 746 times)
pekobites (OP)
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March 12, 2019, 05:22:20 PM
 #1

I'm really curious about what other people hate about their exchanges, maybe if we start complaining loud enough the exchanges will improve or new exchanges will solve these issues.

Right now what I hate is the fact that I don't have access to the private keys of my funds, I don't feel secure because of that.

Also, I would for the process to be simplified and streamlined, I want to buy crypto with Fiat as easily as I buy stuff on Amazon.

So, what would you change? what would you remove? and what would you add?

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anatolij.shishkin
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March 12, 2019, 05:24:40 PM
 #2

Well yes. How many would not have financial projects. While cryptocurrency purchase is a tedious process. Well, if all over the world will accept the cryptocurrency, I think it will be possible to buy things like on Amazon.

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March 12, 2019, 05:26:48 PM
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I agree with you and I have big troubles with the method of centralised exchanges to store our funds. We are losing all our funds and practically do not have access to them at all. Thats why I prefer to stay decentralised.
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March 13, 2019, 05:48:07 PM
 #4

People have been talking about such things for many years. Until the cryptocurrency is not recognized worldwide, buying cryptocurrency with fiat money will not be easy.

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March 13, 2019, 05:59:02 PM
 #5

Many big exchanges that provide fiat money to buy crypto, every exchange must have its advantages, and you can try in some exchanges which are simpler in your opinion.

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March 13, 2019, 06:06:52 PM
 #6

I'm really curious about what other people hate about their exchanges, maybe if we start complaining loud enough the exchanges will improve or new exchanges will solve these issues.

Right now what I hate is the fact that I don't have access to the private keys of my funds, I don't feel secure because of that.

Also, I would for the process to be simplified and streamlined, I want to buy crypto with Fiat as easily as I buy stuff on Amazon.

So, what would you change? what would you remove? and what would you add?
When someone is doing trades regularly on an exchange want to withdraw their funds too often then they hate to see the high withdrawal fee and waiting time because the fee is actually very huge when compared to the blockchain network traffic so if there is an exchange give low fee then it will get more traders.

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March 13, 2019, 06:11:41 PM
 #7

Many exchanges claim there security is top notch and when you leave funds on that exchange hacks happens, this is why I prefer p2p exchanges like swap ,no profile ,no accounts and many exchanges are implementing KYC this days yet that doesn't solve the issue of hacks ,its annoying

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March 13, 2019, 06:13:41 PM
 #8

This is really good and genuine question. Whenever a user uses exchange, finds few flaws in it which makes him or her a bit uncomfortable for trading.
For me there are two things.
First is, exchange fee. Sometimes I feel that the exchange is for large investors or traders and not for small investors like me. In such situations, it becomes difficult to purchase or send  only few tokens from exchange.
Second important thing I feel is lack of availability of tokens on exchange. Not every exchange is supporting all altcoins. This in turns makes it difficult to manage different exchanges for different altcoins to trade.

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March 13, 2019, 06:14:05 PM
 #9

I'm really curious about what other people hate about their exchanges, maybe if we start complaining loud enough the exchanges will improve or new exchanges will solve these issues.

Right now what I hate is the fact that I don't have access to the private keys of my funds, I don't feel secure because of that.

Also, I would for the process to be simplified and streamlined, I want to buy crypto with Fiat as easily as I buy stuff on Amazon.

So, what would you change? what would you remove? and what would you add?
When someone is doing trades regularly on an exchange want to withdraw their funds too often then they hate to see the high withdrawal fee and waiting time because the fee is actually very huge when compared to the blockchain network traffic so if there is an exchange give low fee then it will get more traders.

I too feel the withdrawal fee and at times the time we have to wait to see the amount gets reflected in the respective wallet we sent to and nothing else. I do trade at Hitbtc.
I have not yet experienced even a site down or any issues causing me loose my trade. Just the withdrawal fee was i felt that it could be less than what they do charge usually.
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March 13, 2019, 06:16:04 PM
 #10

I'm really curious about what other people hate about their exchanges, maybe if we start complaining loud enough the exchanges will improve or new exchanges will solve these issues.

Right now what I hate is the fact that I don't have access to the private keys of my funds, I don't feel secure because of that.

Also, I would for the process to be simplified and streamlined, I want to buy crypto with Fiat as easily as I buy stuff on Amazon.

So, what would you change? what would you remove? and what would you add?

most of the exchange don't give you access to your wallet private keys. If you want it then pass your coin to you own wallet.
what i hate about my current exchange is their support in unreachable.
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March 13, 2019, 06:26:22 PM
 #11

It is only a dream for now "Easy buying crypto with fiat money with hassle free". No such things as far as I know, I never have bought crypto from my own money, I only got it from payments such as signatures and other bounties so I really can't tell you how. All I did was convert my crypto assets to cash, I did buy few ICO coins but not with my fiat money. If there are to change in current trading I want an ATM machine that could trade list of a thousands coins for fiat. I want to have that kind of machine in our city. I am using top ten exchanges and most of them are likely the same, high fees and takes more or less 30 minutes  to withdraw or deposit, so if ever possible I want the instant one.
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March 13, 2019, 06:33:23 PM
 #12

Fees, that's the only issue I have at the moment, and as an active trader it makes things more difficult, I make use of an exchange that provides quality security service and other additional pecks,but I do a lot of trading and a lot of moving coins here and there, the fees are quite a hiccup sometimes
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March 13, 2019, 07:19:32 PM
 #13

Fees, that's the only issue I have at the moment, and as an active trader it makes things more difficult, I make use of an exchange that provides quality security service and other additional pecks,but I do a lot of trading and a lot of moving coins here and there, the fees are quite a hiccup sometimes
and in fact, of all the listed problems, which are very annoying to users, for me, the most important thing is tariffs. In any case, I always did not trust more than one exchange, Because there are always some nuances, Where I can either lose money, or some situation will appear, which will lead again to losses. Kys Khadya because of this, I never for a long time leave my coins in the wallets of trading platforms and exchangers.
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March 13, 2019, 07:31:15 PM
 #14

If I'm not mistaken, Binance is now developing and testing its decentralized exchange. We can say that this is another + in favor of Binance.

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March 13, 2019, 07:50:30 PM
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If I'm not mistaken, Binance is now developing and testing its decentralized exchange. We can say that this is another + in favor of Binance.
Beta testing is already underway and competition is being held in which you can win more than a thousand of BNB coins

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March 13, 2019, 07:54:20 PM
 #16

I'm really curious about what other people hate about their exchanges, maybe if we start complaining loud enough the exchanges will improve or new exchanges will solve these issues.

Right now what I hate is the fact that I don't have access to the private keys of my funds, I don't feel secure because of that.

Also, I would for the process to be simplified and streamlined, I want to buy crypto with Fiat as easily as I buy stuff on Amazon.

So, what would you change? what would you remove? and what would you add?
nothing needs to be changed, everything is good. the exchange where I trade has provided options with Fiat, so that's good. what you need to add is a coin, there are lots of good cards but not yet available in the exchange.
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March 13, 2019, 07:56:38 PM
 #17

I hate that poloniex doesn't offer more currency pairs. I understand they only pick up coins that have proven uses and a good backing, though.

I hate the fact that coinbase doesn't allow for instant sending after a wire transfer.
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March 13, 2019, 08:28:30 PM
 #18

many shit coins that are still traded there. they should be active in delisting such coins. and maybe security must be increased. Exchange security is now very easy to crack.
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March 13, 2019, 08:34:51 PM
 #19

I hate that poloniex doesn't offer more currency pairs. I understand they only pick up coins that have proven uses and a good backing, though.

I hate the fact that coinbase doesn't allow for instant sending after a wire transfer.
using poloniex is not very safe. After this exchange was bought by an American company - there is no confidence in it.

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March 13, 2019, 08:45:57 PM
 #20

Things that I hate the most about an exchange especially HitBTC is the withdrawal fees. If I compare the withdrawal fees with Bittrex, Mercatox, etc, HitBTC is the worst, the fees are very huge for me. I know I only need to choose a coin/token that have low withdrawal fees, but there is a case that i need to withdraw only with this X cin that have huge withdrawal fees.
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