How do you define a good exchange?

[LesediOkadigbo]

I think most about the financial backer like me too. Binance is most secure site from 1-1.5 years so it is first trade for us. At that point different things like plan and so forth is significant for me. In the event that you need to make a decent trade, at that point at any rate focus on client support that is prepared consistently and furthermore has great security and is not difficult to utilize.

[Ninnet]

There are many exchanges. Each exchange has different preferences. Personally I prefer secure and accessibility exchanges. I think there are a few features to keep in mind when choosing a crypto exchange. Features are: Completely secure, requires KYC verification, lower withdraw and trading and of course easy for contact service

Yes, that is so and your statement is true. It can be difficult to choose an exchange from the many existing ones based on your own preferences. What a good exchange is can be defined in 2 ways:
- on personal experience, for a long time and with possible mistakes. 
- take advantage of the experience of other people, which seems preferable to me.
For example, people sometimes write exchange reviews about their experience, like here - https://cryptototem.com/okcoin-review/. Of course, this does not give 100% guarantees. There is no substitute for personal experience.

[velive08]

low fee is the first point that is liked by many people. Nowadays large exchange transaction fees are causing people to feel heavy to be there. So I think you have to think about this point if you want to build an exchange

[Benefactor]

Actually, I accept that we all have a typical thought for a decent trade, that is profoundly gotten. Since the vast majority fear being assaulting by programmers, by and large they fear losing from being assaulted. I will see the interface, attempting to take a gander at the request purchase and offer, attempt to sort out the volume and the request, and on the off chance that I feel good with the trades, at that point I will attempt to send a few pieces to have a go at exchanging.

[noormcs5]

There are many exchanges. Each exchange has different preferences. Personally I prefer secure and accessibility exchanges. I think there are a few features to keep in mind when choosing a crypto exchange. Features are: Completely secure, requires KYC verification, lower withdraw and trading and of course easy for contact service

In simple words, Binance is the best exchange for crypto currency trading and you do not need to go to any other exchange. It has all the qualities of a good exchange.
I only use binance and the only reason for me using any other exchange is in case a coin is not listed on binance which i want to swap.

[tastycereal]

For me, the definition of a good exchange is those that have considered and prioritize the needs and satisfaction of their users. When it comes to security or any transaction the user can say that is safe to place and trust for their assets.

You do not just simply enter your assets into an exchange just because it is recommended to you. It is still a good idea to do some research yourself so that you can be more aware of its advantages and disadvantages.

Especially if you plan to trade. It is best to do a background check first so that no matter what transaction you make, everything will be fine.

Me? i am currently in kucoin. Because this is what i prefer my assets and surely get good security, also where my questions can be answered immediately once I encountered a problem since it has 24/7 service. I actually keep trading and traded some coins here like BTC, XRP and ETH.


But remember, as a trader, it is still up to you how you will handle your cryptocurrencies, as long as you are aware of the market trend and carefully study the exchange you want to enter. Google and the official sites of each exchange are just there, you can visit it if you really want to be its user.

[JooBra]

Good exchange for me is the one that is here for longer period of time and the one which had problems and which they solved. Binance is one of them. They had some problems in past and they fixed it all so I believe them more then any other exchange. Maybe the fees are not the best but the trust is there.

[Smartprofit]

Hello to all the Bitcointalkers!

Because it is my first post, I have, at least, to present myself in several words. I am a coins/tokens dev and web developer full stack.
After several years of crypto experience, I decided to create my own project. It is not a coin, nor a token (there is already plenty of ERC20 tokens and coins), it is a cryptocurrency exchange.

There is already some exchanges available on the web, but I would like to build one which may fit to Bitcointalk users, it's why I opened this thread, and ask you today what do you like the most in crypto exchanges, as well as the things that you dislike. It can be specific features, themes, properties...
I want to build a good exchange, and for that I need to know your preferences.

Waiting for your replies
Lugdunex

It is important for me that the cryptocurrency exchange does not require its clients to undergo KYC and AML procedures.  Anonymity and confidentiality are very important. 

Good liquidity is also important.  If I want to buy or sell a coin, then I must be able to do so. 

Reputation is also important.  Crypto exchange scams are not allowed. 

Also, an ideal cryptocurrency exchange should have a flexible policy related to the listing of new coins and tokens.  This will be a great benefit and will attract new users.

[Justin999]

Good exchange means honest and friendly exchange with essy system. I've seen hundreds of exchanges but i don't found any exchange that i can give example here.as we know binance, kucoin, huobi okex are considered as good exchange but really? I saw they are manipulate tokens that available on their platform.even they hacked and people lost their money! So in actual, they are not good exchange. Good exchange may hack but not each months, not for several times

[cyriljundos]

Hello to all the Bitcointalkers!

Because it is my first post, I have, at least, to present myself in several words. I am a coins/tokens dev and web developer full stack.
After several years of crypto experience, I decided to create my own project. It is not a coin, nor a token (there is already plenty of ERC20 tokens and coins), it is a cryptocurrency exchange.

There is already some exchanges available on the web, but I would like to build one which may fit to Bitcointalk users, it's why I opened this thread, and ask you today what do you like the most in crypto exchanges, as well as the things that you dislike. It can be specific features, themes, properties...
I want to build a good exchange, and for that I need to know your preferences.

Waiting for your replies
Lugdunex

in my opinion the qualities that an exchange might have higher security, if the exchange have high security many traders will be using that specific exchange, secondly the exchanges have good and easy to use when trading a specific coin. when it comes to kyc, i recommend not to put kyc because it is not fair for customer to get their own information.

[asus09]

Just little describe how to know with best and good exchange market based on my opinion, I think first time needed to know good exchange is have much volume transaction and not far away between buy and sell order, Binance could be best exchange market right now inside they have many coins for trading or investing, but most important good exchange could take billion trader coming together without have trouble when price of coin up or down.

[Rana590]

Hello to all the Bitcointalkers!

Because it is my first post, I have, at least, to present myself in several words. I am a coins/tokens dev and web developer full stack.
After several years of crypto experience, I decided to create my own project. It is not a coin, nor a token (there is already plenty of ERC20 tokens and coins), it is a cryptocurrency exchange.

There is already some exchanges available on the web, but I would like to build one which may fit to Bitcointalk users, it's why I opened this thread, and ask you today what do you like the most in crypto exchanges, as well as the things that you dislike. It can be specific features, themes, properties...
I want to build a good exchange, and for that I need to know your preferences.

Waiting for your replies
Lugdunex

in my opinion the qualities that an exchange might have higher security, if the exchange have high security many traders will be using that specific exchange, secondly the exchanges have good and easy to use when trading a specific coin. when it comes to kyc, i recommend not to put kyc because it is not fair for customer to get their own information.

But sometimes kyc is more important if we think about security. As you mentioned about security then you can't regret the importance of kyc. Besides, low fees, instant withdraw, user friendly and high quality support is needed for a good exchanger.

[interdan]

A thousand more exchange will be good.  

We all have different preferences though so it sure varies because mostly will want privacy like no KYC will be required or whatsoever which is why they also like the DEX. Centralize however has more volume, obviously we all want to be there. If you can create a DEX with a volume like binance has, it will be good.

BLOCKNET has a legit DEX (BLOCKDX) just needs volume!

[asus09]

Hello to all the Bitcointalkers!

Because it is my first post, I have, at least, to present myself in several words. I am a coins/tokens dev and web developer full stack.
After several years of crypto experience, I decided to create my own project. It is not a coin, nor a token (there is already plenty of ERC20 tokens and coins), it is a cryptocurrency exchange.

There is already some exchanges available on the web, but I would like to build one which may fit to Bitcointalk users, it's why I opened this thread, and ask you today what do you like the most in crypto exchanges, as well as the things that you dislike. It can be specific features, themes, properties...
I want to build a good exchange, and for that I need to know your preferences.

Waiting for your replies
Lugdunex

in my opinion the qualities that an exchange might have higher security, if the exchange have high security many traders will be using that specific exchange, secondly the exchanges have good and easy to use when trading a specific coin. when it comes to kyc, i recommend not to put kyc because it is not fair for customer to get their own information.

But sometimes kyc is more important if we think about security. As you mentioned about security then you can't regret the importance of kyc. Besides, low fees, instant withdraw, user friendly and high quality support is needed for a good exchanger.

KYC advantage we can withdraw above 2 btc every day and arbitrage trader is needed when buying coin on one exchange then selling to other exchange, almost my exchange account have pass KYC to make my account more secure and only with Hotbit still not verify because I use Hotbit some time when received payment from bounty campaign only, for trading always with Binance, Kucoin and my local exchange to withdraw assets.

[MIner1448]

Hello to all the Bitcointalkers!

Because it is my first post, I have, at least, to present myself in several words. I am a coins/tokens dev and web developer full stack.
After several years of crypto experience, I decided to create my own project. It is not a coin, nor a token (there is already plenty of ERC20 tokens and coins), it is a cryptocurrency exchange.

There is already some exchanges available on the web, but I would like to build one which may fit to Bitcointalk users, it's why I opened this thread, and ask you today what do you like the most in crypto exchanges, as well as the things that you dislike. It can be specific features, themes, properties...
I want to build a good exchange, and for that I need to know your preferences.

Waiting for your replies
Lugdunex

I select a good exchange primarily based on its capitalization and the availability of traded pairs, because pairs are very important in trading. In general, good exchanges can be counted on one hand.

[Sinjokubhi]

Hello to all the Bitcointalkers!

Because it is my first post, I have, at least, to present myself in several words. I am a coins/tokens dev and web developer full stack.
After several years of crypto experience, I decided to create my own project. It is not a coin, nor a token (there is already plenty of ERC20 tokens and coins), it is a cryptocurrency exchange.

There is already some exchanges available on the web, but I would like to build one which may fit to Bitcointalk users, it's why I opened this thread, and ask you today what do you like the most in crypto exchanges, as well as the things that you dislike. It can be specific features, themes, properties...
I want to build a good exchange, and for that I need to know your preferences.

Waiting for your replies
Lugdunex

Here are the things you need to know to detect whether an exchange is good or not.

The first is to check the legal credibility of the company. The credibility of this law is important because it aims to protect customers. Companies that have good credibility have a good level of trust in the eyes of customers.

Second, check how big the team is behind the company. Many people think that building an exchange is simply just creating a website for buying and selling users. However, in reality it is not that easy and of course it takes a lot of resources to manage the company. The bigger the team means the better the stability and professionalism of the IT platform being built. And make sure that the founder and his team have never been involved in fraudulent investment companies or have been included in the OJK task force.

Next, pay attention to the buy and sell order book. Usually, if there are many buy and sell orders it indicates the number of users who want to buy and sell. However, for this we need to be careful, there are many exchanges that fake orderbooks to make it look a lot because now many third party services provide market maker services.

The last and most important is check traffic from the Exchange. Because traffic visitors are one of the factors that cannot even be faked by market maker services. The easiest way to observe this traffic exchange is by looking at ranking through alexa.com, similarweb.com or google play store, the statistics recorded here cannot be faked because the number of online users and traffic is not easy to fake!

[londongamer]

defining a  good exchange is using yobit, they have adequate volume and security which is one of my top picks

or exchange like kucoin. As they offer crypto-related services like crypto-to-crypto, fiat-to-crypto, futures trading, staking, lending, and so forth. Also, they have impressive trading pair selections like BTC-USDT, LTC-BTC, ETH-BTC, and more.

[gazilla]

My opinion of a good exchange is the one that has good coins/projects, it is safe to trade/hold coins there, and the liquidity is high

[geralt_witch]

defining a  good exchange is using yobit, they have adequate volume and security which is one of my top picks

Good exchange is safe, and the welfare of their users comes first. Good exchange is the one with good offers that will really inspire their users to continue with them. Can be user-friendly. Friendly in a way of trading and investing in cryptocurrencies. It must be reliable because it is needed when it comes to transactions and trading.
Another example of a good exchange for me is kucoin. Because everything I mentioned is characteristic of it. Plus, they have many trading pairs that you can use to trade. Like in BTC, they have BTC-USDT and likewise in ETH, they have ETH-BTC

[Atek33]

I am currently working on this forum I can learn a lot from this forum since I am a new member he must know from this forum which exchange is better because if i go to exchange then of course i can be told the best  Which exchanges and which are the worst exchanges must see the good bad exchanges then I will work Exchange is very important for people because if you work on a bad exchange you can lose your currencies