How do you define a good exchange?

[migolmigol]

A good exchange for me consists of the below qualities:

-User friendly interface
-Bugs fixed and websites/apps being updated for improvement
-Minimal downtime - Very important if you are an active trader and there is a sudden surge of trades coming
-Responding Support (Chat must also be available and could address your concerns as we are talking about money here)
-Technical graphs should be able to be modified in order to plot your own strategies and apply different studies/parameters
-Have minimal charges (of course who does want to have high charges especially if you trade from time to time)
-Good servers that would be stable as it is very frustrating to not be able to trade real time (I experienced on missing to sell at a high price for a good profit because the server can not handle the surge of trades happening)
-High security verifications

[israt1@]

many exchange in market. Bitforex,binance,bithub,coingeco,uniswap etc are many in market..

[illete]

Anybody can exchange without encounter and information but for you to gotten to be fruitful in your exchanging travel you've got to memorize how exchanging works. Typically not as it were around to win benefit but also learning technical investigation which can direct you when to enter and exit the showcase. Involvement is the most excellent educator and information is for a lifetime without this it's like having a self-destructive endeavor of your cash that will be a misfortune.

[Grafen]

Good exchange? Do such even exists?
Good exchanges - is with long history & which never get scammed

[fortebettor]

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

Now this is simple. The best exchange is one that doesn't hold your funds. Check out the term DEFI. From the centralized exchanges I think the best is Kraken and Binance

[sujonali1819]

The thread is too old and even the topic creator also inactive. what will if we just avoid such thread to bump again the same answer? The last post before today it was march 4 maybe. so what need to bump again this? we should avoid to do it. If op need more info/answer he will bump ownself.

[JooBra]

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

I have a bit different look at that. I look at exchanges that have good support and how they solved problems in past. For example Binance has had a lot of problem during the years and they managed to fix them without having big losses for users. Cause of that they are today one of the biggest exchanges out there.

[doctor877]

Kyc problems is the major issue with many exchanges and it will be good if we can have one that doesn't require a compulsory kyc verification without any restrictions whatsoever. A quick and easy support system also and then the safety of users funds is paramount.

[Imran232]

If i tell you my strategy how i decided that should i use this exchange or not. There is some simple step what i have done like if the exchange is popular then there is no doubt to use it. But if the exchange is not popular then i used to do something with all exchange before use it. First thing i Checkd there background and other user experience if i got it then fine if i didn’t get then i saw their support system how fast is it. Then their exchange security which is must needed and most important for me. If the security system is good then fine to use. Then some other thing like the deposit rules and withdraw Minimum amount and withdraw fees if all that thing is high then i ignore that exchange. I check all that thing is cex exchange but if the exchange is dex then i loved to use that. I hope i can clear all Thing.

[fortebettor]

Kyc problems is the major issue with many exchanges and it will be good if we can have one that doesn't require a compulsory kyc verification without any restrictions whatsoever. A quick and easy support system also and then the safety of users funds is paramount.

lol man After all, there are a mass of such exchanges. What are you writing about at all. I think the main problem is that dishonest owners of stock exchanges can use the regulations only for their own evil purposes. The whole kyc is pointless. there is a topic on this forum why it is completely pointless and even helps criminals

[Nemo210]

Cool strategy that i like to use is to look for that exchange in this forum and check if there are no open scam accusations against it (or atleast not alot) and that should give you some sort of general idea i guess.
I can name a few if you want: Binance,Hitbtc,kraken... or you can just look up on coinmarketcap and just chose one from the top 10 list (after thinking about it thats probably much better and efficient yeah)

[Oilacris]

-Good UI/UX
-Fast Support
-Less Fees
-High Liquidity
-Known founder or owner
-Licensed
-Lots of trading pairs
-Free from those hypes and manipulation issues.


These are the qualities of a good exchange.Anyone cant reach out a certain reputation if they dont have these qualities.

[dotcoin.info]

Now is the time when it is quite difficult to distinguish a good exchange from a bad one. The fact is that everyone makes money on the bull run, especially the exchanges, which allows them to stay afloat despite various factors. For example, exchanges with fictitious volumes use bots and have problems with liquidity, but now they earn enough to keep these problems aside. Be careful, and if the market situation worsens, withdraw assets to your personal wallets.

[Issa56]

There are lot's of things you have to consider before you conclude that a exchange is a good exchange. The exchange must have a nice interface and the exchange must be easy to use, the  security of the exchange must be high to avoid being hacked and to make your funds secured. One of the best exchange which I will recommend is binance. Binance is easy to use and secured binance is user friendly and the charges are very low, you can withdraw funds to your local account directly without stress, must of the coins there are very good coins and they are not shit coins.

[bandungan]

I just briefly answered the exchanges that I like and I think is good is when the exchange has a good volume and it is also safe for traders to place their assets. because now many exchanges are vulnerable to hacker attacks and the security aspect is very vulnerable. it's risky

[ak_Merin94]

I think most of the bitcointalk users don't prefer KYC procedures. I know Simpleswap (simpleswap.io) doesn't require KYC, you can exchange without having an account. So you may build an exchange based on their platform.

[proTECH77]

A good good exchange should:

1. Allow users to use the exchange without KyC for low amounts
2. Process withdraws and deposits fast
3. Process problems swiftly

I agree with your point because, if all users can have access to exchange without kyc at low amount, it will help many traders to go a long way in profit making in the market. Once the transaction is safe and secure it will make many investors to show interest.

[AakZaki]

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

Currently the highly liquid exchange is Binance. I also believe Binance is the best crypto exchange right now. The reason because they have high liquidity, large trading volume, large members, have real projects, and their founders are always innovating. Before binance was founded, my favorite and my friends here were probably poloniex. They had a large trading volume at that time and large liquidity. Even now, Binance is very innovative with programs such as burn token, launchpad, competiton trading, etc.

[Denial11]

A good crypto exchange is one that is good in several aspects. For example, it should have low trading fees, high liquidity, high trading volume, high diversity, and many more. A crypto exchange also should not have stringent rules and regulations. Most people fail to get to a particular criterion, and as a result, crypto exchanges lose their potential customers. In today's time, there are the best Bitcoin exchanges like Binance, Coinbase, Kraken, Changelly, Poloniex, Coinmama, BitFlyer, Paybis, and many more. All have their merits and demerits. However, all of them are performing well. You can approach any of them are examining from a crypto platform.


Sources>>  https://www.cryptoknowmics.com/news/best-exchanges-for-trading-bitcoin-in-2020/

[Rehan Zakir]

I defines a good exchange by its interface, security, volume and peoples using this exchange. It is very difficult that all things are available in a single exchange. But Binance has proved itself the best exchange in the crypto world. The Binance exchange give its best to people that are using binance exchange.