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

[ronaldo40]

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.

a page that dedicated to the trader to see how much profit he made while trading a certain coin is will be good for the trader.
but for me, the more important thing is the withdrawal fee should be lower and each withdrawal should be fast

[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.

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.

Yes, that feature made for users that don't want to send KYC. And that's what exactly what most of the users want, everyone isn't the big whale trader that needs huge limits. The competition is given and that's the next thing that the exchange op is trying to build.

If those good features can be found on his exchange and being trusted takes time. So it takes patience on his side and it's up to him if he can bear with those consequences at the beginning.

[figmentofmyass]

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.

-most importantly, a robust order matching engine that performs under stress without lag.
-advanced order types: one-cancels-the-other (OCO) and both limit stop/market stop orders. i dunno why it's so hard to find OCO these days!
-an option to trade without KYC verification---hopefully this is possible for those who don't transfer fiat. even if withdrawals are limited to $500/day or something.
-i sure miss my transferable btc-e codes! selling codes like this for cash was an awesome way to withdraw money.

[inanilujimi]

- exchanges can be used in all languages to make it easier for users.
- Low withdrawal fees with a fast process
- always provide the best service if there is a problem with the user.
As for the additions that will follow if the exchange you are working on has been active.

[Apes]

- support mobile web view
- android & apple mobile apps
- chat room, private chat with another user, CS chat
- realtime pop up price notification alert

especially do not use BOT customer support, it wont help user

[Doell]

the basic function exchange I think of course you already know it covers the whole trade suport all type device all people has provided many suggestions ,other functions we certainly want to see something new from an exchange whatever is most important to attract the interest of traders or investors so that your market patterns and volume getting crowded bigger
we want most is security and well unexpected bonuses from your website other promotions or advertisements to be will more famous

[MURONDI]

I want an exchange that has an exchange feature between currencies of several countries, a combination of crypto and forex, I also hope you provide a complete indicator feature because I like technical analysis, I hope your site also has a software application like MT4, Besides having an attractive appearance, access is also very light.

[BitHodler]

I just want proper support.... it's one of the reasons I hardly ever use an actual spot exchange anymore, but only smaller local exchanging services where I can get in touch with support in a matter of minutes.

I get why it's not feasible for large spot exchanges to offer support within a time frame of 15-60 minutes, but it doesn't need to take days or in some cases weeks either, especially with how volatile this market has always been.

Waiting a few days to solve deposit/withdrawal problems is literally something that can make you lose out on thousands of dollars in value because you can't do anything with them.

[Theb]

This is more like a suggestion for your business rather than just a function for your exchange. Why not take advantage of your market that instead of having just an exchange you should also offer up an integrated wallet app for your clients similar to what Coinbase is doing which has both an exchange and a wallet app for their customers. Wallet integration for your exchange will also be a good feature to have if you want to give convenience and several options for your customers to send in or cash out money from both platforms.

[mdgabrielzim]

1. Lower Fees
2. More agility in withdrawals and deposits
3.Phone and email service
4. Profit Sharing
5. Acceptance of notes other than the dollar.
6.Something I trust leaving my money on the platform
7. A contract or something that would guarantee me at least part of my money in case of a hacker attack.

[Casdinyard]

Most traders want a
- flat rate for withdrawal fee but won't compromise the service.
- real-time customer service.
- interface not laggy even on the mobile view.
- interface shouldn't too complicated to navigate especially for newbies.

7. A contract or something that would guarantee me at least part of my money in case of a hacker attack.

Hopefully that can happen however as far as I know, that somehow isn't covered by the insurance of the exchange site not unless the entire site gets hacked.

[bitbunnny]

I think to have some advanced order feature that would be fast and could function without delay under high pressure of requires. Then fast and expert customer service that you don't have to wait for days to solve the issues. Also flat withdrawal rate would be nice to have.

[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.

Yes, that feature made for users that don't want to send KYC. And that's what exactly what most of the users want, everyone isn't the big whale trader that needs huge limits. The competition is given and that's the next thing that the exchange op is trying to build.

If those good features can be found on his exchange and being trusted takes time. So it takes patience on his side and it's up to him if he can bear with those consequences at the beginning.

He should make even more better if he would really plan to get some marketshare.Building reputation and trust is the hardest part
into a business where you dont even sure if you would able to get the support and sympathy of the public but well just do the right things
and mind off anytime on what people really wants because they would normally recognize it once they found it out into your exchange.

[ReiMomo]

Op did not come back after posting this maybe he is not interested in the opinion. All information was listed above and I think there is no reason to extend discussion or else locking this thread is a good idea I think.

1. Lower Fees
2. More agility in withdrawals and deposits
3.Phone and email service
4. Profit Sharing
5. Acceptance of notes other than the dollar.
6.Something I trust leaving my money on the platform
7. A contract or something that would guarantee me at least part of my money in case of a hacker attack.

In addition, it should have customer support 24/7 because the staff is very important and having a quick response from simple queries will give traders appreciations.

[mdgabrielzim]

Op did not come back after posting this maybe he is not interested in the opinion. All information was listed above and I think there is no reason to extend discussion or else locking this thread is a good idea I think.

1. Lower Fees
2. More agility in withdrawals and deposits
3.Phone and email service
4. Profit Sharing
5. Acceptance of notes other than the dollar.
6.Something I trust leaving my money on the platform
7. A contract or something that would guarantee me at least part of my money in case of a hacker attack.

In addition, it should have customer support 24/7 because the staff is very important and having a quick response from simple queries will give traders appreciations.

I didn't talk about customer service because in my mind this must be the basics a company should provide to customers. This in exchange should be taken very seriously because customers are usually from different countries, with many different time zones.

[hahay]

In this case I think just having enough low fees might be something interesting, and besides of course about good service. There are many exchanges that are still slow in terms of handling every problem because the piled up tickets are something that is annoying for me because I have experienced it until I waited a few days just to get a clear answer. Maybe that will be the main problem, regarding the speed of withdrawal and other speeds I think every exchange has prioritized that.

[djefes]

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.

Volume
Low fees
Anonimity ( this wont be possible since you applied for a fiat license

Ping me for telegram advertisements

[Beparanf]

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.

This should be noted, Those who don't want a KYC can use it but with limit in their withdrawal amount, there should be ways to do KYC per limit to obtain, like selfie first, then unlocked certain limit, then ID, address depending on what only their customer want to reveal. Plus way to convert in fiat depending on what location their are like what local wallets have.

[slaman29]

This should be noted, Those who don't want a KYC can use it but with limit in their withdrawal amount, there should be ways to do KYC per limit to obtain, like selfie first, then unlocked certain limit, then ID, address depending on what only their customer want to reveal. Plus way to convert in fiat depending on what location their are like what local wallets have.

For me it's simple. If a site or service even HAS the option of KYC, then I tell myself, be prepared one day to be asked for KYC. If you aren't willing to ever verify yourself or know you can't do it at all, then simply don't sign up. Exchanges, casinos, etc. They're all the same. If they have the option, they will exercise it sooner or later.

[Aying]

~Snip

a page that dedicated to the trader to see how much profit he made while trading a certain coin is will be good for the trader.
but for me, the more important thing is the withdrawal fee should be lower and each withdrawal should be fast

I agree to this. every traders, dream this to happen. may of exchanges had a huge charges on withdrawal and we experience some of delay's. imagine we pay for higher fee and they didn't improve the faster transaction. and I experience this sometimes of top 5 exchanges, but they working to improve because of users feedback. I hope they make their own searching before users experience it. that's a common thing happen everytime I trade. including those new exchanges.