What kind of function would you like to have on an exchange?

[NewsExchange]

Hello to all,
we are currently working on an exchange, they should be out this month.
We are currently registered in Estonia and have applied for a FIAT licence.

are there any features you'd like to see on exchange?
Thank you.

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[Mahanton]

are there any features you'd like to see on exchange?
Thank you.

Try to look on whats been currently offered by Binance. Im not saying that you should mimic them but at least try your best to give out the same service that they are currently giving or e even going better ahead of them but this wont really be that simple which is normal since exchange market is quite saturated already.Just one more thing which your exchange shouldnt really have that strictly imposed KYC or else you do know on what would happen the same on others exchange that becomes heavily regulated which these platforms drop significantly on the rankings or popularity.

[ChrisPop]

I'm glad that more and more businesses are looking into licensing options and AFAIK Estonia is the most crypto-friendly european country. The crypto space needs more regulated businesses into it, but boundaries are needed so that the decentralization and freedom principles of cryptocurrencies are not broken.

Regarding the features I'd like to see:

• Conditional Order Types
• Leverage if possible
• Webiste design and user interface - very important
• Fast execution - again very important

[Bttzed03]

I'm guessing that you are launching a centralized exchange. I don't know if there are still features that hasn't been covered by existing exchanges but maybe try to become an exchange that doesn't fake volume.  

Try to look on whats been currently offered by Binance. Im not saying that you should mimic them but at least try your best to give out the same service that they are currently giving or e even going better ahead of them but this wont really be that simple which is normal since exchange market is quite saturated already.

I second this. I would like to see new exchanges that could actually compete with the likes of Binance, Huobi, and other major exchanges as well but it's getting harder for them to do that now. Most traders aren't really looking for new exchanges anymore and one reason for that is trust issues.

Just one more thing which your exchange shouldnt really have that strictly imposed KYC or else you do know on what would happen the same on others exchange that becomes heavily regulated which these platforms drop significantly on the rankings or popularity.

They're applying for FIAT license which suggests they will be imposing strict KYC to comply with regulations.

[boyptc]

Try to look on whats been currently offered by Binance.

+1

Take the idea of imposing KYC but there's also a limit or option for your users not to comply. In return, the withdrawal limits and other features will be limited to them.

Fee is also of consideration. Many traders want a reliable exchange with low fees but don't sacrifice the quality customer service.

[harizen]

Hello to all,
we are currently working on an exchange, they should be out this month.
We are currently registered in Estonia and have applied for a FIAT licence.

are there any features you'd like to see on exchange?
Thank you.

I'm sure everything is properly set up now since its inception is coming near.

I know you are already aware of some of the customer's criteria in choosing an exchange. No way you will just operate it if the exchange is not 100% ready.

Wait for feedbacks once we saw the exchange. We want to see its features first.

[FruitsBasket]

Hello to all,
we are currently working on an exchange, they should be out this month.
We are currently registered in Estonia and have applied for a FIAT licence.

are there any features you'd like to see on exchange?
Thank you.

Copytrading, so we can follow algo’s and make money basically 😎

[chaser15]

Hello to all,
we are currently working on an exchange, they should be out this month.
We are currently registered in Estonia and have applied for a FIAT licence.

are there any features you'd like to see on exchange?
Thank you.

The exchange is coming this month and yet you just asked now what other features anyone wants to see?

Should ask it a long time ago for preparations.

Maybe faster approval of KYC submissions. Customers want a quick update regarding the status of their KYC rather than hanging for weeks so I think this will be your advantage.

[Willitivity]

I don't know if this is possible or if there is a way to do it.I want a kind of function where you can set an order with a buy and sell price at the same time. Once the buy order fills, it automatically creates a sell order for the token with the already set sell price. I'm not sure if it's possible with bots, but implementatng it officially in an exchange would be okay.

[buwaytress]

This is probably a set of features that work better on a dedicated exchange, but what I love most about trading is P2P, so if there were a separate section in the exchange that also allowed you to find traders and deal directly, with the exchange only dealing as an escrow (like Localbitcoins), that would be cool.

And margin loaning. Like what Poloniex used to offer (or still does, but no demand any longer). Hard to create demand though, unless you make it completely fee-less.

[TheUltraElite]

A good exchange in my opinion should have the following features if not more, what the above people suggested:

1. A responsive support system
2. Quick notification system for downtimes, new coins/markets listing, new features.
3. A UI that is easy on both PC and Smartphones. Having an App is secondary for me, though others may want it.
4. Coupons, referral system and incentives to keep the traders happy from time to time especially the loyal traders and maybe the ones from bitcointalk.
5. A liquid market would be great but it takes time to get one.
6. KYC will probably come in once at a time and because some criminals attempt to launder money from tainted sources and so on. So that will happen but I hope you can keep it aside for legitimate users.

Some users have suggested leverage, but I feel it is being way overdone by bigger exchanges and for a new exchange like yours which is being developed, this should be a late goal once the exchange itself is functional.

[Mahanton]

Try to look on whats been currently offered by Binance.

+1

Take the idea of imposing KYC but there's also a limit or option for your users not to comply. In return, the withdrawal limits and other features will be limited to them.

Fee is also of consideration. Many traders want a reliable exchange with low fees but don't sacrifice the quality customer service.

Why binance become popular due to that one of its features where having that 2btc daily limit for unverified accounts which i highly believe that its more than enough for most users.

Typical features of a good exchange is having a good support, good ui and ux plus low fees which is a usual norm. Lots of exchanges tried to dethrone and competition is high.

[Shasha80]

It's nice to have new exchanges, so it gives a lot of choices for trading places.I will give input for features i want like to see on
exchange is free coin, instant buy / sell, favorite coin,btc pair, eth pair, and stop loss. And please remove the KYC procedure.
Hopefully the features I want are realized In the exchanges, I'm waiting for the good news for launching the exchanges.
I hope a lot of promos and give away when launching exchanges.

[michellee]

Maybe I can make a list to you:
1. Have many coins in your exchange site.
2. Have 2 option for the member for the KYC, like what Binance did.
3. 24/7 support system so members who have a problem can get handled by your team/staff.
4. Have a high speed to trade because we will be sad if the trade will get delay.
5. Mobile friendly access.
6. Have a faucet to get free coin ( I am joking)
7. Don't use big fees to withdraw, or trade

But maybe you can find out by yourself with visiting other big exchanges in out there like Binance, Poloniex, Kucoin, Bittrex, Bitmex, Okex, etc.

[andycarrol]

Hello to all,
we are currently working on an exchange, they should be out this month.
We are currently registered in Estonia and have applied for a FIAT licence.

are there any features you'd like to see on exchange?
Thank you.

Copytrading, so we can follow algo’s and make money basically 😎

maybe copytrading is a good option because i never saw any crypto exchange that has this feature

[DoublerHunter]

Majority of traders are always preferring a good services like these:
1] High liquidity and buying limits --> it should have a good volume.
2] Work almost in all countries
3] Fast and easy withdrawals
4] Security set up is a must
and soon... I would like to have you this link and review the exchanges reviews, https://www.buybitcoinworldwide.com/exchanges/
Good luck with your new project.

[target]

There has to be someone out there who can think about creating an exchange, updated enough to see there are tons of coins not added in any exchange. If he can add those tokens, I think he can promote his exchange quickly to bounty hunters out there who wants to sell their tokens.  Marketing an exchange to make people register and use the exchange is the hard part so instead of focusing more to a feature which you know you can add later, try focus more on how to make your exchange known to users.

[Meowth05]

Hello to all,
we are currently working on an exchange, they should be out this month.
We are currently registered in Estonia and have applied for a FIAT licence.

are there any features you'd like to see on exchange?
Thank you.

In my own preferences I would like to have an exchange that is:

*Low fees in withdrawing my funds and Low fees in making a trade.
*Notification with regards to my coins I used to trade.
*Mobile friendly or having an app so I can monitor my trade more convenient.
*The number of altcoins availability in the platform.
* Good looking UI design and responsive website.
*Active support system.
*News section
*Security must put in consideration as well

I'd like the idea of knowing first what the users preferability in a choosing exchange because this will improve the platform.

[nelson4lov]

Hello to all,
we are currently working on an exchange, they should be out this month.
We are currently registered in Estonia and have applied for a FIAT licence.

are there any features you'd like to see on exchange?
Thank you.

Yes, There's a couple of features which I would like to be on your exchange that I haven't seen on other exchange (I'm not sure since I don't use all exchanges).

Firstly, Immediately after I enter a trade. Say I buy a token now, I want to set a dual order that would trigger if:
i. A stop loss

ii. I'm studying at the moment and don't have all the time in the world to be a full time trader. Others are not trading due to one reason or another (some have jobs etc) If you can add a feature that I can set a limit order to sell at a specific price. Now, I want both orders to be live and will trigger only whichever condition is met first.

Right now, I can only set limit orders or stop loss orders but not both. I'd be glad if such feature is available as It'll help. I don't have all the time in the world to keep minute by minute track of my trades.

[TinaK]

Profit is the major basis what everyone looks in the exchanges, i wish such kind of information need to be there...
Stop loss is one of the best option i love always to see in the exchanges.
I wish bitrex needs to be comes with the android application.