How do you define a good exchange?

[Docnaster]

I define a good exchange in two ways...

According to Design of the Exchange:

I have heard an experience that I wanted to use an exchange that was recommended to be because it was very secured, when I logged into the exchange, I couldn't navigate the exchange to convert or trade coins. I was obviously lost, it is not because I am new to using  exchanges because I have been using them for long.
It is because the design of the site was not User Friendly. I love it simple and unique and not to be obsessed by too many colours. With that I am comfortable with the design.

Secondly, the reputation of the exchange. I cannot have coins in an exchange and be finding it difficult to sleep because the coin is not safe or because I pressume that the coin is not safe. When an exchange is very secure, it will have good reputation in the future. That is why is stick to binance.

We know that setting up your own exchange is no joke and there is a lot to submit to the government agency, and it also requires a large amount of money before you can operate. And he can't handle it alone of course.

But I don't think he has made his own exchange yet because if he has one, he will immediately announce it here on the forum in my opinion.

If you read what he said you will observe that he said that he is a full stack developer, which means he is able to work on both front-end and back end. This means it will not be a problem to develop the exchange with his team and if he has a lawyer, all the paper works won't be difficult depending on the country he resides.

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[Nrcewker]

I define a good exchange in two ways...

According to Design of the Exchange:

I have heard an experience that I wanted to use an exchange that was recommended to be because it was very secured, when I logged into the exchange, I couldn't navigate the exchange to convert or trade coins. I was obviously lost, it is not because I am new to using  exchanges because I have been using them for long.
It is because the design of the site was not User Friendly. I love it simple and unique and not to be obsessed by too many colours. With that I am comfortable with the design.

Secondly, the reputation of the exchange. I cannot have coins in an exchange and be finding it difficult to sleep because the coin is not safe or because I pressume that the coin is not safe. When an exchange is very secure, it will have good reputation in the future. That is why is stick to binance.

We know that setting up your own exchange is no joke and there is a lot to submit to the government agency, and it also requires a large amount of money before you can operate. And he can't handle it alone of course.

But I don't think he has made his own exchange yet because if he has one, he will immediately announce it here on the forum in my opinion.

If you read what he said you will observe that he said that he is a full stack developer, which means he is able to work on both front-end and back end. This means it will not be a problem to develop the exchange with his team and if he has a lawyer, all the paper works won't be difficult depending on the country he resides.

Good design is just useless for an exchange. I mean there is no point in the design if the exchange turns out to be a fake exchange.
Rather before choosing the exchange, it would be great if you can do a background research of the exchange.
There are many exchanges present in the market, but we should choose the one which has easy interface and are there in the market for long time.
Currently Kucoin and Binance and the best exchanges if anyone is looking for.

[Rigon]

While choosing a good exchange, one must choose the name price and the trading volume of the platform in 24 hours.There are some exchanges that don't sound very good. There are some exchanges that have very low 24 hour trading volume.We have to choose the trading platform considering all these factors.For example, a good exchange is Binance Kucoin etc.You will have no problem choosing all the exchanges that have these two exchange features.

[MiF]

A good exchange is some what like binance, it has a good volume and most of the coin that listed on this exchange will rise, it has a very expensive listing fee but it will make the projects more popular to big investors, it is reputable and has a very amazing developer with a very high security you will feel very safe for your funds.

[|MINER|]

Each person selects the exchanger individually based on the purpose .  So I think it is up to you which type of exchanger you have to select.  If you want low withdrawal fee or free withdrawal then you can use FTX exchanger.  Moreover, you can choose Binance as  the best exchanger for trading, here you will get various extra facilities like flexible staking savings and many more things like they have  also their own defi-wallet . All things considered, these two exchangers seem to me to be the most perfect for all purposes.

[Duzter]

Based on the listing of coins as well as the support from the team when there is some issues. Apart from this it is must to take into consideration the trading volume and the trading pairs available. Security is much important, because if lost we can't do anything. Exchange like Binance have got good backing to support unexpected security breach.