Thank you for the answer! Reputation comes with strong security, this is why I am all in for strong withdrawal protections put in place.
Thank you all for the answers!
From what I have seen until now the most important factor seems to be reputation therefore strong security etc..
Not exactly, even the most reputable crypto exchange out there can have be hacked so there is really no way of relating reputability and security all at the same time. If you want to be reputable though you must not only prove yourself of being a secure exchange you must also prove that your service is reliable meaning your site is up and running all the time with zero down times and that is including unnecessary maintenance and lags from your UI. From a perspective the users with you being reliable and secure I know that you can be trusted with our money and then you can see your reputation grow naturally.
I agree with you, but my point was different. I meant that in order for an exchange to be reputable it needs strong security to prove itself resistant against bad actors or platform downtimes and lag.
The importance to me lies within
1) transparency
2) adjustable leverage with convinient SL/TP
3) security
4) liquidity
5) fast withdrawals
Interesting thread. Will keep an eye on it.
Transparency is very important and we see some exchanges without faces and names behind them which is bumper for many people in my eyes. What do you think about KYC (not mandatory) but to have it as an option?