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Author Topic: Why did you choose your current exchange?  (Read 1684 times)
Tccrypto
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August 06, 2019, 05:25:46 PM
 #121

I use binance and fd. I use binance because of its innovative robustness, massive volume and the general positive sentiments, while I use fd to exchange my shitcoins to eth, most shitcoins are usually erc20, that's why fd seems to work for me.

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August 06, 2019, 05:38:31 PM
 #122

My favorite exchange is Binance. Firstly, since I'm a pro trader, the daily volume is very impressive. Secondly, the app helps in ease of use, giving a seamless experience and superb UI. Thirdly, the security level is good, although not the best since Binance has once been poked by hackers. Other good aspects include the staking activities, reduced fees when using BNB for fees, and also great reputation since the CEO CZ is well known and has created great impact in crypto space.
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August 07, 2019, 04:45:38 PM
 #123

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 trade on binance as this exchange has shown itself very well , and I think this exchange will be a very long time to lead the exchange of coins.

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August 07, 2019, 05:17:08 PM
 #124

Mostly I am using Binance, first reason is I am feeling my fund secure with it from other exchange. But I will not encourage to keep your fund with any exchange. Second reason is easy trading system especially with apps. I know there is pump dump happen sometimes but I don't enter that kind of trade. But I think almost all exchange doing that.

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August 07, 2019, 06:00:40 PM
 #125

First of all I am not an all time big trader. I did try trading omce before but it was too tedious for me and wasn't able to watch the market 24/7 so missed various opportunities and was making loss. I casually exchange/trade coins in an exchange. So as a casual trader i prefer binance. Easy to use, simple interface,  fast and limit without verification is perfect for me. Haven't used the exchange for a while though so I don't know if its still the same.

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August 07, 2019, 06:49:28 PM
 #126

Now I use Binance very often, because I have some kind of confidence and security of my funds in my account.  After I learned that Binance has a certain fund in order to recover losses in the event of a break-in, I thought that I had made the right choice, because basically all trading exchanges are the same.
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August 07, 2019, 07:19:00 PM
 #127

Now I use Binance very often, because I have some kind of confidence and security of my funds in my account.  After I learned that Binance has a certain fund in order to recover losses in the event of a break-in, I thought that I had made the right choice, because basically all trading exchanges are the same.
I also mainly use the exchange Binance, they have a very thoughtful project. Tokens are very profitable to store, because for some tokens there is an accrual of the same tokens. As an example, for the storage of tokens NPXS get more NPXS. Just hold it. Isn't that wonderful? And to trade on it I like.

Tccrypto
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August 07, 2019, 08:54:40 PM
 #128

I use binance, I chose it because of the wide variety of coins and tokens, its innovative ideas and its friendly user interface. Binance is mile ahead of other exchanges in most ramifications.

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August 07, 2019, 10:54:20 PM
 #129

When I picked up a exchange normally I started to check some important factors. The first one is listed coins and it's volume. It both of them are good to go for me then it's fine. The next thing is it's UI. If it's easy to use and not laggy then info for that. And the most important thing it's back history of security flaws. Its also a very important factors. Atbthis moment I really like to use Decentralised Exchanges but I also use some centralised Exchanges like binance or okex or huobi.

 
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August 07, 2019, 11:08:44 PM
 #130

Binance is enjoying the market now because of the believe and confidence of traders in the exchange. The real and large volume also but very fewer tokens listing recently because of the exchange demands. Somewhere along the line as market improves some of the new exchange if they can add more good recent projects as well has improve real traded volume they could provide reliable option that could divert traders.

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August 07, 2019, 11:43:14 PM
 #131

Currently I'm using an exchange platform that do not have any charges or fees attached to any activity such as trading, depositing or withdrawing you do on the platform. I was quite surprised the first time I used this exchange platform. The main reason why I'm using my current exchange platform is because of their charge or fee free services. I trade and withdraw funds without paying any fees.
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August 07, 2019, 11:48:27 PM
 #132

Currently I'm using an exchange platform that do not have any charges or fees attached to any activity such as trading, depositing or withdrawing you do on the platform. I was quite surprised the first time I used this exchange platform. The main reason why I'm using my current exchange platform is because of their charge or fee free services. I trade and withdraw funds without paying any fees.
May I know that exchange platform? Cause it is rare to see exchanges who are offering free in all the transactions we've made and I am interested to use it by then. People would love to use exchanges at free of charges, yes we can save a lot and makes us profitable but aren't be sure if that will stay longer cause, as far as I know, fees are just a thing that could help to sustain with the market.
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August 07, 2019, 11:55:17 PM
 #133

the first time I got to know crypto I used poloniex exchange to bittrex and went deeper into using hitbtc, and started using binance because it was easy to use then I used binance more often,and when I trade I don't think too much about transaction fees.

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August 08, 2019, 02:32:49 AM
 #134

if I think I've also been using the binance market for a long time and I use trading every day, because for me it's also my favorite market, because seeing the movement and volume is also quite good, so for me it's also a good way to make a profit.
If you look at when Binance exchange first came out, many people were using some very great exchanges before without complains, but the moment Binance exchange came into existence and they started hearing of it through publicity and the hype that was all over the internet then, they switched from that exchange they were using before to Binance.

Anyway, I guess that the most favorite of many people right now is Binance, and I hope this will still remain their favorite even if we have some other great competitors that are coming into the market sooner. It is not everyone that you see using an exchange used it because it is their favorite, something favorite is what you would stay with irrespective of any other exchange that comes out to promise heaven and earth to switch.
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August 09, 2019, 06:54:31 PM
 #135

...
Do you have a favorite exchange? Why did you choose it? Do you agree with above article?
I think every centralized exchange needs to switch and host a decentralized version of it, to gain more trust from users.
In theory, by such switching, any honestly run exchange will not only retain its profits but likely and quickly increase them.
More coins, more users, more trades, but most importantly, no more coins custodianship concerns!
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August 26, 2019, 03:27:30 AM
 #136

Exchange platforms are numerous yet each one has its unique feature attracting different traders based on their preference. I choose to trade with Bitrue exchange platform because it has got low transaction fees especially when using the BTR token for transaction fees, traders are entitled to 40% reduction. Bitrue has also got high volumes, high security and fast transaction speed.

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August 26, 2019, 07:04:16 AM
 #137

Well, I also don't have a single exchange where I trade my coins. But majorly, I trade on Binance. I love the security measures in Binance.

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August 26, 2019, 08:04:01 AM
 #138

I agree with the article, but I prefer the easy trading of these 3 points. Bcuz to trade I need fast action, trading can be more profitable if the sale and purchase results are not in one exchange.
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August 26, 2019, 08:05:52 AM
 #139

i use many exchange to trade my altcoin, but from some of the exchanges that i use, i often binance because in my opinion it's faster, safer and more reliable. and also binance has a large volume which makes me use it more often. and since binance dex available, now I use binance more often and if i think about favorite exchange, binance might be my favorite for trading

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August 26, 2019, 08:19:14 AM
 #140

Indodax become my favorite exchange because I can make my altcoin or bitcoin assets become cash money, another exchange maybe forkdelta because always have place for selling new coin,
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