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Author Topic: Why did you choose your current exchange?  (Read 1634 times)
konflikkastil
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August 05, 2019, 07:11:24 PM
 #101

I am only a trader with a small capital and I use coinbene as a place of exchange that is most often used, when I already have a lot of capital I will [beautiful to binance because many people say it is better at trading

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August 05, 2019, 07:18:19 PM
 #102

For me it is very important to have an exchange with high liquidity and low fees. The big positive is the exchange doesn´t require KYC process.
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August 05, 2019, 08:21:19 PM
 #103

I read this interesting article that give tips on how to choose reliable crypto exchange, here's the link if anyone is interested:
https://www.btcurrencies.com/exchanges/top-3-tips-to-choose-a-reliable-crypto-exchange-in-2019.html

This article I suspect is to promote Decoin exchange, but they present some interesting points. I don't really have favourite crypto exchange as I trade many coins all which aren't in one exchange.
Do you have favorite exchange? Why did you choose to it? Do you agree with above article?
I'm just like you trade on different exchanges , as no one knows what can become of this exchange , there have been many cases of Scam exchange and no one then returns the funds.

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August 05, 2019, 11:49:14 PM
 #104

I choosed my exchange , because I like to open short positions.
At the same time there are some ways to avoid using exchange and use another way to open short, I mean "Bitcoin short". just google it

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August 06, 2019, 06:11:06 AM
 #105

just like why did you invest with that coin? yes, basically someone has a different view from one another, if I personally see something that is really good or makes me comfortable, of course I will accept it and vice versa.
binance is my favorite exchange, I have long and very comfortable trading there.

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August 06, 2019, 07:24:57 AM
 #106

My exchange is Binance and from the start I saw that this exchange has a lot of potential and will be big in the future. Just like what is happening today, they are one of the leading exchanges doing IEO projects.
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August 06, 2019, 08:02:03 AM
 #107

I am using Binance due to it being the most popular and easiest to use at the same time. I have not been in the crypto space for a long time but its also good to hear that Binance cares about the projects and vets them before actually listing them. Binance listing real projects with actual partnerships with big companies is what really matters and not just false promises by other projects. Plus they have a basic and advanced interface which really helps a lot.
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August 06, 2019, 11:01:07 AM
 #108

I usually trade on Bittrex because it's one of the popular and exchange with huge investors. Their trading fees are very moderate compared to some of the smaller exchanges and also their user interface is quite easy to use unlike some other exchanges that i know off. I recommend this exchange to both investors and project owners  to trade and list their tokens there respectively for better exposure to the crypto market.
I don't think that Bittrex can make investors happy because the trading fee of this exchange is still very high and most of the projects listed by this exchange are shitcoin, so it is definitely not good for investment. The advice now is to choose to exchange Bitmax to participate because this is a new exchange with a very cheap fee and is believed by many large investors and liquidity is always very high so this is a good choice for you
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August 06, 2019, 01:51:14 PM
 #109

I usually trade on Bittrex because it's one of the popular and exchange with huge investors. Their trading fees are very moderate compared to some of the smaller exchanges and also their user interface is quite easy to use unlike some other exchanges that i know off. I recommend this exchange to both investors and project owners  to trade and list their tokens there respectively for better exposure to the crypto market.
As I know, Bittrex is the highest fee exchange at the moment. Many traders and investors left Bittrex to move to other exchanges such as binance, okex, houbi.
You're right, Bittrex has now begun to be abandoned by their traders. trade declined, and maybe his fate will soon be like poloniex. those who cannot maintain the trust and comfort of their community must be prepared to leave.

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August 06, 2019, 01:59:40 PM
 #110

As a newbie in cryptocurrency investment and trading, I choose the exchange base on the tokens or coins I have to sell. The exchange with enough volume to buy or sell is where I sell or buy to/from.
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August 06, 2019, 02:02:41 PM
 #111

my current exchange was indodax.com , why i  chose that because that exchange are on my country and its easy to withdraw to our fiat .
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August 06, 2019, 02:08:00 PM
 #112

I chose the current exchange because it is based on many factors and among them is the sales volume and price that is higher than other exchanges. at the moment my favorite exchange is binance, this is probably better than any exchange at the moment.
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August 06, 2019, 02:13:25 PM
 #113

I have a favorite exchange that I often make now as the best place to trade or sell my assets. the exchange is binance.
why do I have binance? because I see high binary volume and also the possibility of prices being in a high position if binary is my choice. so I think now that binance is the right choice.

of course binance will be at the front of the field for the most part. they really did a good job but my favourite is kraken.
for special requirements you have to switch to small exchanges and maybe you can even save kyc.
but binance and kraken are often used. Smiley
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August 06, 2019, 02:41:16 PM
 #114

Binance is on top of the game, but I have to go for Kucoin, they have very tight security, there are so many layers of security that you have to remember all your sensitive details because unlike all the other exchange, they implement three layers of security.

Support : I don't know about the others but in my case, they have addressed all my concern in a very timely manner, taking only a few minutes.

Profit Sharing They offer profit sharing to their traders, this is one of their best features I have a lot of traders referrals and I earn a passive income from their trades.

The only negative I can think of is they don't have too many coins in their platform, some of the coins I'm holding right now coming from ICO are not there, they do have a voting system for new coins, you need Kucoins to vote on their voting platform.

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August 06, 2019, 02:45:51 PM
 #115

a definite reason is that transaction costs are low. because for trading of course I consider the usual low transactions for every exchange that I use to trade. I avoid Bittrex and Hitbtc, they are known to be very expensive.

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August 06, 2019, 02:56:52 PM
 #116

So many exchanges are being created everyday.
Cryptocurrencies were created for peer-to-peer transfers, so why there are only few peer-to-peer trading solutions?

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August 06, 2019, 02:57:38 PM
 #117

a definite reason is that transaction costs are low. because for trading of course I consider the usual low transactions for every exchange that I use to trade. I avoid Bittrex and Hitbtc, they are known to be very expensive.
I know how fees really matter to traders as this is might be a cause that people will just ignore. But what it looks into bittrex and those other exchanges with high fees are still doing it well just because they could sustain its market security which traders are looking for.
It is a little bit upset but we have nothing to do...will just skip with them if we don't want to use these exchanges.

R


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August 06, 2019, 04:47:26 PM
 #118

Everyone will stand on their reasons, but the only a little conclusion that i can take from there if the users will choose it based on the reviews from the early users and it that was having a lot of good reviews and a lot of trusted feedback and it will be used by the users.
If you do the best to make the users feel confident and then they will always stay with u.

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August 06, 2019, 05:00:10 PM
 #119

I chose the current exchange because it is based on many factors and among them is the sales volume and price that is higher than other exchanges. at the moment my favorite exchange is binance, this is probably better than any exchange at the moment.
Binance does have a high volume, but security must be the most important thing for the comfort of the members in it to be able to maintain the assets they have.  I prefer exchanges that provide fiat money exchanges in my own country to make withdrawals easier

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styca
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August 06, 2019, 05:03:21 PM
 #120

I don't have a favourite exchange, but I do favour those that have high volumes and good reputations. There are stories of scam exchanges and those get easily hacked and those that go bust. It is best to pick a reputable exchange if you can - although sometimes if it's a small coin you want to trade then you may have to pick somewhere a bit obscure to do so.
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