Which unique factor makes crypto exchange a reliable choice to start trading?

[superscommessebitcoin]

Some were some of the first exchanges that appeared in kryptomere, some just have a very convenient interface, like Binance. These and many other reasons make such exchanges pleasant to trade. They all have their chips, which traders like.

[JNvak]

Well, now all the posts about Binance's security didn't age well 

If it comes to security, my pick would be CoinDeal, since it has great protocols.
https://coindeal.com/security

[South Park]

Security will always be at the top. No doubt about that and same with the answers of legitimate users here.
For me, next thing will be the user friendliness of the application.
Binance is one of the easy to use application and also they added an Android OS version which is and excellent move.

We are in an era now where every human being is holding a smartphone anywhere. With their android app it gets easier to see your trade wherever you are. Just needs some safety precautions to avoid damages.

Security must be at the top of any list but most of the time that is not the case, many traders are only looking for an exchange with huge volume but as we known exchanges have been know to fake their volume with bots, so I also think that one of the most important factors when it comes to selecting an exchange is to look at the reputation of the owners and their previous actions in the market to see if they are honest, if they are not then you should never put your money in their exchange.

[Whosdaddy]

Security will always be at the top. No doubt about that and same with the answers of legitimate users here.
For me, next thing will be the user friendliness of the application.
Binance is one of the easy to use application and also they added an Android OS version which is and excellent move.

We are in an era now where every human being is holding a smartphone anywhere. With their android app it gets easier to see your trade wherever you are. Just needs some safety precautions to avoid damages.

Security must be at the top of any list but most of the time that is not the case, many traders are only looking for an exchange with huge volume but as we known exchanges have been know to fake their volume with bots, so I also think that one of the most important factors when it comes to selecting an exchange is to look at the reputation of the owners and their previous actions in the market to see if they are honest, if they are not then you should never put your money in their exchange.

Security is good to put first, but volume matters too, because with all the security Binance has, they were still subject to hacking which took so much off their purse. At least with volume, one can quickly get into a trade and out.

For this security issue, no exchange can perfectly guarantee security 100%, they have already advised most people leaving their money on an exchange never to do so as security of a token can only be guaranteed by the token holder using a reliable wallet with private keys that only he can have access to. So volume matter to me a lot, provided they are genuine volume which one can detect easily even if they use BOT.

[rima valen]

the reason I am very simple I really like to trade in binance, bitrex, coinbese, because they have a good trading system and are admitted to all cryptocurency exchanges, that's all I like and more importantly the security system is very good

[dat.ho12492]

the reason I am very simple I really like to trade in binance, bitrex, coinbese, because they have a good trading system and are admitted to all cryptocurency exchanges, that's all I like and more importantly the security system is very good

The security and coverage of these reputable exchanges is always highly appreciated and of course this is always a criterion that people need to know to decide whether they should participate in or not participate in these exchanges. However, I will give more love to binance because their reputation is too good and they are always a source of inspiration for all investors, they always provide a new trend, a market with many opportunities for investors, joining with binance will have many opportunities to make money.

[Al-e_x]

Many things that affect the success of exchange include of course security, trading fees and easy to use, in my opinion this is a factor that influences the success of exchanger

[qmclak]

I like binance, first don't have to kyc just to withdraw few amount of money ,compare to other exchange they ask all stuff like utility bills, bank statements, and passports. They should have limits atleast we dnt have to do KYC. Thats why traders use binance too.

[GregH37]

the reason I am very simple I really like to trade in binance, bitrex, coinbese, because they have a good trading system and are admitted to all cryptocurency exchanges, that's all I like and more importantly the security system is very good

Binance will always be the best choice of exchange to me, I am this type that loves making money with little, although I don’t allow it get to the point where by it becomes unrealistic, so I go after an exchange that will not take too much from my trading fund because of fee and reduce my profit capacity.

I think Binance will always still remain the best to me in this regards, low trading and exchange fee enables me to make more money from them, although I have not really tied some of the exchanges you mentioned earlier, but I think I have heard some great things about them, not really interested in them now as I have found satisfaction with Binance.

[omonuyak]

The volatility in the cryptocurrencies market create an opportunity for traders to make money and that makes it better to me compared to other trading assets like forex market,  stocks market and commodities market.  It is new and manipulation is allowed for now because it is not regulated.

[MintCondition]

The volatility in the cryptocurrencies market create an opportunity for traders to make money and that makes it better to me compared to other trading assets like forex market,  stocks market and commodities market.  It is new and manipulation is allowed for now because it is not regulated.

In terms of trading platforms, the good thing about crypto is it's decentralised and we can trade anytime, anywhere, we can have some shares or token from different countries, other markets limit us in time as well minimal investment option.

[OrangeSeller]

Security will always be at the top. No doubt about that and same with the answers of legitimate users here.
For me, next thing will be the user friendliness of the application.
Binance is one of the easy to use application and also they added an Android OS version which is and excellent move.

We are in an era now where every human being is holding a smartphone anywhere. With their android app it gets easier to see your trade wherever you are. Just needs some safety precautions to avoid damages.

Security must be at the top of any list but most of the time that is not the case, many traders are only looking for an exchange with huge volume but as we known exchanges have been know to fake their volume with bots, so I also think that one of the most important factors when it comes to selecting an exchange is to look at the reputation of the owners and their previous actions in the market to see if they are honest, if they are not then you should never put your money in their exchange.

Security is good to put first, but volume matters too, because with all the security Binance has, they were still subject to hacking which took so much off their purse. At least with volume, one can quickly get into a trade and out.

For this security issue, no exchange can perfectly guarantee security 100%, they have already advised most people leaving their money on an exchange never to do so as security of a token can only be guaranteed by the token holder using a reliable wallet with private keys that only he can have access to. So volume matter to me a lot, provided they are genuine volume which one can detect easily even if they use BOT.

After Binance got hacked, the first factor that I will keep in my mind before selecting a digital exchange would be the security of the exchange. How secure the exchange is. Having said that, I would never go for an exchange that is not the best because I not very best exchange would be very prone towards more risks as compared to the best one. Binance still continues to be the best exchange.

[airdagon]

I think the key is security, convenience and costs in trading, I see the exchanger you mentioned earlier fulfills the factors I mentioned earlier

[AjithBtc]

Security will always be at the top. No doubt about that and same with the answers of legitimate users here.
For me, next thing will be the user friendliness of the application.
Binance is one of the easy to use application and also they added an Android OS version which is and excellent move.

We are in an era now where every human being is holding a smartphone anywhere. With their android app it gets easier to see your trade wherever you are. Just needs some safety precautions to avoid damages.

Security must be at the top of any list but most of the time that is not the case, many traders are only looking for an exchange with huge volume but as we known exchanges have been know to fake their volume with bots, so I also think that one of the most important factors when it comes to selecting an exchange is to look at the reputation of the owners and their previous actions in the market to see if they are honest, if they are not then you should never put your money in their exchange.

Security is good to put first, but volume matters too, because with all the security Binance has, they were still subject to hacking which took so much off their purse. At least with volume, one can quickly get into a trade and out.

For this security issue, no exchange can perfectly guarantee security 100%, they have already advised most people leaving their money on an exchange never to do so as security of a token can only be guaranteed by the token holder using a reliable wallet with private keys that only he can have access to. So volume matter to me a lot, provided they are genuine volume which one can detect easily even if they use BOT.

After Binance got hacked, the first factor that I will keep in my mind before selecting a digital exchange would be the security of the exchange. How secure the exchange is. Having said that, I would never go for an exchange that is not the best because I not very best exchange would be very prone towards more risks as compared to the best one. Binance still continues to be the best exchange.

However you examine you cannot segregate this is best and that is not, have anyone thought that Binance will get hacked. It happened, this is how exchanges were. When something gets value the people in search of the same keeps growing and some try to get it in a easier way using the brain to breach. Even after this hack I prefer Binance, because it took responsibility and mentioned to provide funds from reserve which none of the other exchanges will do.

[raven7886]

I think "trust" is the most important factor. You may not know what constitutes a trust but that changes from person to person. For example I may trust somewhere very hardly and I would have to wait until they are literally on business for over 2 years and only tested out by someone I know and actually do trades and deposits and withdraws multiple times and see their complaints and how they resolve it and their issues with hackers and how they fix it and so forth. However, you may say "well they have a nice name" and suddenly start doing business there and keep doing business there.

For example, even I am personally different on two different exchanges, one is the altcoin exchange binance which I stopped using right now and moved to idax because of one hack issue, whereas my fiat currency to bitcoin exchange that I use locally literally has 22 bitcoin daily volume, they are really small and I still like them.

[prtty2gal2]

Security will always be at the top. No doubt about that and same with the answers of legitimate users here.
For me, next thing will be the user friendliness of the application.
Binance is one of the easy to use application and also they added an Android OS version which is and excellent move.

We are in an era now where every human being is holding a smartphone anywhere. With their android app it gets easier to see your trade wherever you are. Just needs some safety precautions to avoid damages.

Security must be at the top of any list but most of the time that is not the case, many traders are only looking for an exchange with huge volume but as we known exchanges have been know to fake their volume with bots, so I also think that one of the most important factors when it comes to selecting an exchange is to look at the reputation of the owners and their previous actions in the market to see if they are honest, if they are not then you should never put your money in their exchange.

Security is good to put first, but volume matters too, because with all the security Binance has, they were still subject to hacking which took so much off their purse. At least with volume, one can quickly get into a trade and out.

For this security issue, no exchange can perfectly guarantee security 100%, they have already advised most people leaving their money on an exchange never to do so as security of a token can only be guaranteed by the token holder using a reliable wallet with private keys that only he can have access to. So volume matter to me a lot, provided they are genuine volume which one can detect easily even if they use BOT.

After Binance got hacked, the first factor that I will keep in my mind before selecting a digital exchange would be the security of the exchange. How secure the exchange is. Having said that, I would never go for an exchange that is not the best because I not very best exchange would be very prone towards more risks as compared to the best one. Binance still continues to be the best exchange.

Didn’t people believe they had gone for the best exchange when Binance still got hacked, we all know all the hype about balance and we believe that Binance was the most secured exchange of all exchanges ever.

I am not supporting that we don’t consider security of exchange first, but what is the security all about? Isn’t it to secure our fund? The question is, why do we have to also keep our fund on an exchange? If we have our personal wallets that we store our funds securely, I don’t think we should be more concerned about security that much but of the facilities that have in place that will make our trade smooth and more profitable.

[SirLancelot]

The volatility in the cryptocurrencies market create an opportunity for traders to make money and that makes it better to me compared to other trading assets like forex market,  stocks market and commodities market.  It is new and manipulation is allowed for now because it is not regulated.

In terms of trading platforms, the good thing about crypto is it's decentralised and we can trade anytime, anywhere, we can have some shares or token from different countries, other markets limit us in time as well minimal investment option.

You have to take into account all those factors that can affect the value of your coins and are related to a crypto exchange. This is very important and for me, security comes first. The more secure your assets on the exchange, the more you would be able to focus and make the max gains. An exchange like Binance would be the best to chose for that has come back strongly.

[redsun114]

Security will always be at the top. No doubt about that and same with the answers of legitimate users here.
For me, next thing will be the user friendliness of the application.
Binance is one of the easy to use application and also they added an Android OS version which is and excellent move.

We are in an era now where every human being is holding a smartphone anywhere. With their android app it gets easier to see your trade wherever you are. Just needs some safety precautions to avoid damages.

Security must be at the top of any list but most of the time that is not the case, many traders are only looking for an exchange with huge volume but as we known exchanges have been know to fake their volume with bots, so I also think that one of the most important factors when it comes to selecting an exchange is to look at the reputation of the owners and their previous actions in the market to see if they are honest, if they are not then you should never put your money in their exchange.

Security is good to put first, but volume matters too, because with all the security Binance has, they were still subject to hacking which took so much off their purse. At least with volume, one can quickly get into a trade and out.

For this security issue, no exchange can perfectly guarantee security 100%, they have already advised most people leaving their money on an exchange never to do so as security of a token can only be guaranteed by the token holder using a reliable wallet with private keys that only he can have access to. So volume matter to me a lot, provided they are genuine volume which one can detect easily even if they use BOT.

After Binance got hacked, the first factor that I will keep in my mind before selecting a digital exchange would be the security of the exchange. How secure the exchange is. Having said that, I would never go for an exchange that is not the best because I not very best exchange would be very prone towards more risks as compared to the best one. Binance still continues to be the best exchange.

Didn’t people believe they had gone for the best exchange when Binance still got hacked, we all know all the hype about balance and we believe that Binance was the most secured exchange of all exchanges ever.

I am not supporting that we don’t consider security of exchange first, but what is the security all about? Isn’t it to secure our fund? The question is, why do we have to also keep our fund on an exchange? If we have our personal wallets that we store our funds securely, I don’t think we should be more concerned about security that much but of the facilities that have in place that will make our trade smooth and more profitable.

You do not really need to keep your coins in the Hot Wallet on the exchange. You could also keep them in your cold storage that is USB stick or your hard drive. That is extra security but not everyone do that. We keep some part of coins on the exchange for trading of course. How can you trade if you keep them all in your cold storage? And in addition, you can quickly trade your coins for dollar or can hold dollars directly. 

[millgates]

What is the key reason for the success of top cryptocurrency trading exchanges like Binance, Coinbase, Coinmama, Kraken, and Bitrex? What are the unique factor which make them each other competitors?

Usually traders need good UX to support them. I think big exchanges site always has good UX/UI. The features also important. Some of big exchanges provide very good security to make sure that their costumers feel safe when use the exchange. Advertisement is also important.

[pey]

For me it is ''SAFU'' All these exchanges can be hacked or suffer specifically from cryptocurrencies they listed on their exchanges. You know even it is hacked, the lost will be covered by the exchange.