FREE advice for exchanges to make crypto trading easier

[cryptomaniac_xxx]

My local currency was not listed in trading pair in BTC, but I have enough knowledge though how much it is in USD = local fiat, so I doubt that this will help, even newbies. I will say that this is the norm in trading though, so I guess crypto will be no different. Again, the market is still young and infancy, so there's a lot of learning curve, but I doubt that this advise will make our lives easier, on the contrary it might get complicated for newbies.

[davis196]

People who are newbies into the crypto trading world might get confused,but they are not retarded.
Anyone with an IQ above 90 can understand how a crypto trading platform works and what are the trading fees.Many big crypto exchange platforms don't support small local fiat currencies,so adding such local currencies just to satisfy a really small amount of users is not worth it for the cryptocurrency exchange platform.

[CryptopreneurBrainboss]

While the exchange are at that, why don't they just trade for us, as in we deposit on the platform go and sleep while the exchange trades constantly for us. You don't expect a platform offering you their service to do all the works for you. We have google and other apps that can easily convert bitcoin or USD value to that of your local currency and make your trading experience more conducive if you feel the present isn't.

Basically your Bitcoin is mostly priced in USD globally so don't get the concept how you'll understand better when your local currency is been used when its value (that's exchange rate) isn't constant. International or global exchanges don't owe it to you to list your local currency or make it convenient just for users from your local geographic location to use their platform unless your community means alot to them.

It's the responsibility of your local exchange to introduced or implement the features you highlighted @OP assuming that's not already existing on those exchanges. Also you should make use of your local exchanges more if you're finding it difficult to cope with the global exchanges.

[Reid]

There's a better solution.
Learn more before you jump in.
Stay in one exchange.
Don't hop into different exchanges just because you just feel it.

Train your sight with one exchange and somehow you will get used to it in the long run.
Price varies depending on how it is being traded. If they put the exact price in it then there is no use for a trade. It will become like a local money changer.

[MCobian]

You can use the local exchanges that have local currency available as a pairing for trading, so you don't get confused about the price of
cryptocurrency in Bitcoin. Actually it is not difficult to see the price of cryptocurrency in Bitcoin, if we often trade Bitcoin, because we will
get used to reading crypto prices in Bitcoin. Or now many apps for crypto converter, so we can use it to check the price of cryptocurrency
in Bitcoin or USD. With these apps you can trade on the global exchanges.

[target]

You are only converting your coins to your local currency and you can use google to do that for you.  There are exchanges with this GUI that if you trade with BTC/KRW, its value in KRW is also presented below. I don't know if that helps but it's a fiat valuation.

Traders who constantly trade are more concerned with the number of satoshis they earn after and not the value in local currency like EUR.

[taufik123]

You can use the local exchanges that have local currency available as a pairing for trading, so you don't get confused about the price of
cryptocurrency in Bitcoin. Actually it is not difficult to see the price of cryptocurrency in Bitcoin, if we often trade Bitcoin, because we will
get used to reading crypto prices in Bitcoin. Or now many apps for crypto converter, so we can use it to check the price of cryptocurrency
in Bitcoin or USD. With these apps you can trade on the global exchanges.

Local exchanges are an option for traders who want to know the price of bitcoin in the local fiat currency. Trading on local exchanges will also make it easier to find out the conversion price of BTC into the local currency used. Trading fees will also be known easily. For the price converter application, you can also help or can directly convert on the converter website of all types of crypto or fiat currencies using Coinmarketcap or Coingecko as my recommendation.

[Distinctin]

FREE advice for exchanges to make crypto trading easier

It is a FREE advice for exchanges to make crypto trading easier, I just noticed that people get confused because they do not understand bitcoin, Many newbies get confused when they see the cryptocurrency price in usd or btc because USD and BTC are not their local currencies, furthermore there is a trading fee applied to each trade thats why they many time lose money during trade because most of their profit deducted by trading fee. The easiest way to offer them a better fix is that that  crypto exchanges must show the current token/coin price in their local currency and also show them that how much money or trading fee will be charged from them in their local currencies, if that happens then many newbies will welcome bitcoin trading and most of them will not lose most of their trades. They know that trading is a thing which need to be learned first but if this technique applied by the exchanges then most of the people will avoid their hesitation to join crytptocurrency trading.

Trading fees, withdrawal fees? I think there is a thread talking about it but I don't see in local curreny value instead of seeing it in USD.
Well, I don't think there is a need for them to do that because if you are a trader, definitely you'll gonna spend time lurking arround and find the best exchanger that can offer lower fees.

Yeah, it takes time to do but it makes us also aware of which exchanger has a best platform and that is more important than focusing on the fees.

[bitgolden]

First of all on every trade the fee is usually written right under it, you can see the trade fee when you are making a trade, it is not like a hidden fact or anything. Exchanges do not put in trading fee on a small tiny place at the bottom and you have to calculate it each time, they actually tell you how much you are going to pay right there and then.

Basically newbies are a thing and there should be like a "fake trading place" in almost each of them, bitmex had it, now the CEO is jailed and it was for leverage trading, but places like binance, kucoin and all other big ones should have some sort of free fake trading place where newbies could trade there with fake money and see how they would fare if they were reallly trading with real money before they can go into it.

[redsun114]

I don’t really think so, the most important thing is that you should be shown the fees that you’re going to pay. If you’re being a trader you should know much a dollar is worth in your currency, and assuming you’re trading $50 and you’re shown a fees of $1.50, you would have already used your senses to calculate what the fees will be worth, or even make use of those online rate calculators to confirm it for yourself before you go forward.

I don’t think there is anything difficult in this case, and even if they do it, it’s not going to make any changes at all. I have seen exchanges that have done it, but it didn’t make any changes for them, people still went on for other exchanges. If there is anything scaring people from trading crypto, it’s not this.

[maxreish]

Correct me if I'm wrong. You mean crypto exchanges should educate first the newbie trader before trading? In the first place, crypto exchanges wasn't built for that. Secondly, newbies in the first place should be aware about the risk in trading. If they are still confused how does btc trading works, they aren't prepared about it.
 
 It is the matter of "knowledge and confidence". A newbie will not always be a newbie. Exchanges is there to help traders improve their own style of trading by using their platforms. Maybe they may possibly provide such warning for the newbies not to procceed if they are unsure what they are doing since risk is associated with trading.