How do you define a good exchange?

[Successmaniac4]

I will define a good exchange as one that has a high trading volume as well as a lot of coin options to trade from. Currently, Binance is the exchange of choice because it has these features. In addition, exchange fees are much lower.

[Dontme]

A good exchange must have KYC which is really necessary for safety, must be not so complicated exchange that could provide convenience on it`s user. Many exchanges now are being create and most of them are not safe. Be safe on choosing what exchange you will put your money in.

[Dilerium90]

A good crypto exchange is an old exchange. The second is the ability to trade not only in long, but also in short. Accordingly, the number of exchanges is sharply reduced. And the third for me is the huge volatility. What it is, the better.

[Thanasis]

A good crypto exchange is an old exchange. The second is the ability to trade not only in long, but also in short. Accordingly, the number of exchanges is sharply reduced. And the third for me is the huge volatility. What it is, the better.

Binance is not too old exchange but it is the best of other now.

You are the one deciding when to trade so exchanges is not based on trading time.

Huge volatility depends on the people who are trading it,so you are completely off from how to pick the right exchange.

[rodel caling]

To define good exchange here is my own opinion
1. Low transaction fees collecting to the users or traders
2. Highly security feature
3. Easy to use and understand easy and friendly user
5. Complete guide chart coins

That's what ideas I am sure can you how to choose good exchange for your trading job. Good luck for your success.

[Ucy]

A good cryptocurrency exchange should be totally decentralized, anonymous, should not hold traders funds and trading must be peer-to-peer.
Centralized exchanges are unfortunately not safe. No one should see them as secure way of trading cryptocurrency unless they are under strong regulations.

Build a decentralized exchange instead.

[Vness10]

You can define a good exchange if their security is good, many people are trusted to them and the exchange is easy to use for everyone. It's so rare to fine a good exchanger to use so make research before use a exchanger so your assets will be safe.

[Natalim]

You can define a good exchange if their security is good, many people are trusted to them and the exchange is easy to use for everyone. It's so rare to fine a good exchanger to use so make research before use a exchanger so your assets will be safe.

It's easy if we will just follow the people, if more people like a certain exchange, that means they are good exchanges.
I only refer to the ranking here https://coinmarketcap.com/rankings/exchanges/.

Based on the rank, DOBI Exchange is the number 1, maybe it's a good exchange but I haven't tried it.
I am a fan of the no. 2 exchange in the list which is Binance,

[LogitechMouse]

There are many factors that can define that the exchange is good but this is I think the most important.

1. Customer Support - We know that the a good support team is a good exchange.
2. Transparency - The team must be transparent and the owner must not hide something that can affect the reputation of the exchange.
3. Security - More secured = more reputable.
4. Volume - More volume of coins = better exchange.
5. User Friendly - this can help newbie traders.

[kidoseagle0312]

Honestly most of the top exchange in the market are centralized exchange. This is the truth happened now while those decentralized platform are always out of it in the top exchange. And almost all centralized platform exchange are asking for kyc to their clients users and this shouldn't wonder to any users. So, I'm not saying centralized are not good as long as they have a huge volume in the market whether Centralized or decentralized this could be say its good anyway.

[joshy23]

There are many factors that can define that the exchange is good but this is I think the most important.

1. Customer Support - We know that the a good support team is a good exchange.
2. Transparency - The team must be transparent and the owner must not hide something that can affect the reputation of the exchange.
3. Security - More secured = more reputable.
4. Volume - More volume of coins = better exchange.
5. User Friendly - this can help newbie traders.

This selections of qualifications is definitely good for all types traders, there's always support who's willing to assist customers while the interface is not
too complicated where even newbies can easily adopt the process, if owners can manage to deal with this features then the site will be more visited and
uses by many traders around.

[99subsats]

It just needs not to follow binance's protocol... I'd prefer mpcx instead

[canman]

A good crypto exchange is an old exchange. The second is the ability to trade not only in long, but also in short. Accordingly, the number of exchanges is sharply reduced. And the third for me is the huge volatility. What it is, the better.

New exchange is also a new alternative for many investors because recently many good exchanges have a very nice interface and one of the new exchanges is very successful in security and that's why they have attracted many new investors to join. Joining the old exchange is not bad but we should choose a new exchange to be able to make better profits in this market.

[atjiat]

It seems to me that there is no point in paying attention to the durability of a trading stock exchange or in general for the period of its existence.  For example, you can take any exchange, like hitbtc, which is constantly accused of some fraudulent actions or theft of personal funds of users, and more recently accused it of insolvency.  Although all these charges the administration of the exchange rejects.  Based on this, it is very difficult to assume that trailers studying this information will be calm for their means.

[Freny250]

A good exchange should be transparent and have real volume. Most exchange are characterised by fake trading volume. A good exchange should also have user friendly interface

[pixie85]

A good exchange should be transparent and have real volume. Most exchange are characterised by fake trading volume. A good exchange should also have user friendly interface

I have more important points in my mind.
A good exchange should have good and responsive support. It should never be caught lying like CZ did when the exchange got hacked and he said that funds are safe and they are doing maintenance. A good exchange should not have any delays processing withdrawals and shouldn't share data with government agencies without at least telling people about it.

[Tungsten-1]

There are many factors that can define that the exchange is good but this is I think the most important.

1. Customer Support - We know that the a good support team is a good exchange.
2. Transparency - The team must be transparent and the owner must not hide something that can affect the reputation of the exchange.
3. Security - More secured = more reputable.
4. Volume - More volume of coins = better exchange.
5. User Friendly - this can help newbie traders.

It is any exchange that can give you security and a perfect environment to stay online 24/7 and trade your crypto anytime you want. I think the best exchange so far has been and Binance which is why there are more than 90% of the crypto users on the exchange. It was hacked but then it recovered stronger than before and now launched Harmony and is planning to go for Binance stable coin.

[SirLancelot]

LOL there are already lots of exchanges in the market and to be sincere the competition is already too much and you're not going to find it easy, not when there are already exchanges like Binance and Coinbase that are causing smaller exchanges to die off. And the worst part of it all is that some scammers has given new exchanges bad names. People are no longer trusting new exchanges because everyone is now thinking that new exchanges are owned by scammers, so no one goes for it. And another thing is that most exchanges these days are now faking their trade volume, which is another thing that is making people not trust them. Everyone now trust the biggest exchanges only. I don't mean to discourage you though, just saying the truth.

[guoyu78]

You can define a good exchange if their security is good, many people are trusted to them and the exchange is easy to use for everyone. It's so rare to fine a good exchanger to use so make research before use a exchanger so your assets will be safe.

It's easy if we will just follow the people, if more people like a certain exchange, that means they are good exchanges.
I only refer to the ranking here https://coinmarketcap.com/rankings/exchanges/.

Based on the rank, DOBI Exchange is the number 1, maybe it's a good exchange but I haven't tried it.
I am a fan of the no. 2 exchange in the list which is Binance,

I don’t know what coinmarket cap is really using as their own criteria for their selection which it is not a must for me to follow because the person that own CMC is also a human like you and I, and sometimes they will put sentiment into things, as far as I am know in this cryptocurrency market, the best exchange for now to me is Binance and will always be Binance.

I have not even heard so much of this exchange you talked about and I also don’t even know their team , not to talk of monitoring them, so how did they get to be the best exchange, anyway, like you and I agree, the best exchange in our heart will be Binance.

[ginobitcoiner]

A good crypto exchange is an old exchange. The second is the ability to trade not only in long, but also in short. Accordingly, the number of exchanges is sharply reduced. And the third for me is the huge volatility. What it is, the better.

I'm not too sure if a good exchanger is an old exchange.
Isn't there a new exchanger like Binance, Idax, IDEX and so on, is there an old exchanger?
the good or bad of an exchanger cannot be determined by the old or new exchanger,
but security, volume, convenience and other exchanger supporters that make an exchanger good.