Choosing the right exchange

[michellee]

They are good and trusted anyway but traders will look for exchanges where they can save some cost of withdrawal expenses. This really matters a lot for now and that is sometimes even exchanges will ask KYC they will still choose them for that matter. Of course, we don't have to forget the reputation of an exchange, we need also to be sure that we are safe and we can withdraw our funds anytime. And not only that, choosing the best and know exchanges we can easily make a trade, we don't wait too long to get filled our buy/sell option, unlike the others.

I agree with KuCoin as good exchange market where deposit and withdraw never get any problem but still faced little problem with Gate.io exchange, ever one time make arbitrage on this exchange but deposit delay almost 30 minutes and I loss chance to sell on higher price because have dump. I think good exchange can process withdrawing and deposit without several minutes, lately only five minutes is maximum for deposit and withdraw process, if have any exchange need one hour for deposit or withdraw I think is not good reputation exchange market.

Both of you are right. I see KuCoin have a chance to become bigger in the future as they have many updates and although they use some similar features as Binance, KuCoin can lift the position to be the top exchange. I do not have a problem using both exchanges. Although I do not trade too often on both exchanges, I still hold some coins and wait for the coin price increase. The deposit and withdrawal are not too long for me but we need to realize that maybe it depends on the network itself.

[1714622641]

1714622641

[Jazzi Mahesh]

Currency prices can be determined in two main ways: a floating exchange rate or a fixed exchange rate. Floating exchange rates are determined by supply and demand in the open market through global currency markets. Therefore, if the demand for the currency is high, the value will increase.

[jrrsparkles]

Hi all,

I'm preparing my limit order for this altcoin and since the marketcap is only 170 million and my order might be big for this marketcap, I am afraid that my low bid order might not get filled if there is a wick down. So I'm deciding between 2 exchanges: Kucoin with 1.2 million USD volume (per 24 hour) and Gate.IO with 200k USD volume.

The goal is to have the highest chance for getting my low bid order filled, especially because my order will be big (I think). I thought that Kucoin might be better for this, since the volume is way higher. But I have observed both exchanges for 2 days now and often Gate.IO has a lower price and also seems to have more units on sale. Is that possible, despite Kucoin having a way higher volume? Or am I reading it wrong?


Please see this image of both the order books:


The white one is of Gate.IO and the black one of Kucoin. The total amount of coins is listed under ''cum'' on Gate.IO and ''Total'' on Kucoin. As you can see for the price of 12.287 for example there are only around 46 units to be sold on Kucoin and around 940 units on Gate.IO. Am I reading this correctly and thus at this time at least, Gate.IO is better for my goal of having the most chance of my low bid order to get filled?


Thanks in advance!

Some exchanges have orders filled with lower price but when you take a look at the volume of those orders it will be less than 1% or simply created by the exchange itself to give more trading volume to coin tacking sites so I always say go with the Kucoin which is reputable and you don't need to worry about your order stuck forever.

[redsun114]

I see KuCoin have a chance to become bigger in the future as they have many updates and although they use some similar features as Binance, KuCoin can lift the position to be the top exchange. I do not have a problem using both exchanges. Although I do not trade too often on both exchanges, I still hold some coins and wait for the coin price increase. The deposit and withdrawal are not too long for me but we need to realize that maybe it depends on the network itself.

Plus one here, it is true that speed can sometimes differ based on the traffic in the network so they must not put all the blame in the exchange. Deposits do not have to be manual but withdrawals can be and manual processing of withdrawals does not only happens on exchanges but also on gambling platforms and on some wallet service providers.

I think they do that because they want to make sure that all withdrawals are fair and not fraud. I also agree when you say that kucoin and binance have similarities because this also what i noticed before. Not only kucoin copies binance but bitmart too has a resemblance of binance. Is that allowed and binance know this already?

[m2017]

They are good and trusted anyway but traders will look for exchanges where they can save some cost of withdrawal expenses. This really matters a lot for now and that is sometimes even exchanges will ask KYC they will still choose them for that matter. Of course, we don't have to forget the reputation of an exchange, we need also to be sure that we are safe and we can withdraw our funds anytime. And not only that, choosing the best and know exchanges we can easily make a trade, we don't wait too long to get filled our buy/sell option, unlike the others.

I agree with KuCoin as good exchange market where deposit and withdraw never get any problem but still faced little problem with Gate.io exchange, ever one time make arbitrage on this exchange but deposit delay almost 30 minutes and I loss chance to sell on higher price because have dump. I think good exchange can process withdrawing and deposit without several minutes, lately only five minutes is maximum for deposit and withdraw process, if have any exchange need one hour for deposit or withdraw I think is not good reputation exchange market.

Both of you are right. I see KuCoin have a chance to become bigger in the future as they have many updates and although they use some similar features as Binance, KuCoin can lift the position to be the top exchange. I do not have a problem using both exchanges. Although I do not trade too often on both exchanges, I still hold some coins and wait for the coin price increase. The deposit and withdrawal are not too long for me but we need to realize that maybe it depends on the network itself.

The chances and potential forKuCoin to become bigger in the future, of course, are. But this create some problems for the users. For example, regulators will pay more attention to this exchange and this will lead to mandatory KYC. It will be unpleasant.

[noormcs5]

They are good and trusted anyway but traders will look for exchanges where they can save some cost of withdrawal expenses. This really matters a lot for now and that is sometimes even exchanges will ask KYC they will still choose them for that matter. Of course, we don't have to forget the reputation of an exchange, we need also to be sure that we are safe and we can withdraw our funds anytime. And not only that, choosing the best and know exchanges we can easily make a trade, we don't wait too long to get filled our buy/sell option, unlike the others.

I agree with KuCoin as good exchange market where deposit and withdraw never get any problem but still faced little problem with Gate.io exchange, ever one time make arbitrage on this exchange but deposit delay almost 30 minutes and I loss chance to sell on higher price because have dump. I think good exchange can process withdrawing and deposit without several minutes, lately only five minutes is maximum for deposit and withdraw process, if have any exchange need one hour for deposit or withdraw I think is not good reputation exchange market.

Both of you are right. I see KuCoin have a chance to become bigger in the future as they have many updates and although they use some similar features as Binance, KuCoin can lift the position to be the top exchange. I do not have a problem using both exchanges. Although I do not trade too often on both exchanges, I still hold some coins and wait for the coin price increase. The deposit and withdrawal are not too long for me but we need to realize that maybe it depends on the network itself.

The only probelm with kucoin is that they have a strict KYC policy where they do not allow many countires to use thier exchnages. Even though you can make an account and use it if you are in restricted country but KYC is not allwed for everyone. For this reason i don't think that Kucoin has a big potential as some of the other exchanged mainly binance. For now i think binance is the biggest exchange and no other exchanges seems to be pouplar in terms of liquidity and number of users. There are few other exchnages with much improved features like FTX but that is not widely used when you compare it with binance.

[michellee]

The only probelm with kucoin is that they have a strict KYC policy where they do not allow many countires to use thier exchnages. Even though you can make an account and use it if you are in restricted country but KYC is not allwed for everyone. For this reason i don't think that Kucoin has a big potential as some of the other exchanged mainly binance. For now i think binance is the biggest exchange and no other exchanges seems to be pouplar in terms of liquidity and number of users. There are few other exchnages with much improved features like FTX but that is not widely used when you compare it with binance.

If you think KuCoin is a strict KYC policy and your country is on their restricted countries list, you can search for the other exchanges. KuCoin is just an option for a trader who wants a similar exchange like Binance. But Binance itself has a strict KYC policy, and most exchanges will do the same.

FTX is also good to exchange and although they are a new exchange, they can get in the top ten exchanges this year, so that could be another option for you. But I do not know much about their policy because I do not read too many details.

[Taskford]

The only probelm with kucoin is that they have a strict KYC policy where they do not allow many countires to use thier exchnages. Even though you can make an account and use it if you are in restricted country but KYC is not allwed for everyone. For this reason i don't think that Kucoin has a big potential as some of the other exchanged mainly binance. For now i think binance is the biggest exchange and no other exchanges seems to be pouplar in terms of liquidity and number of users. There are few other exchnages with much improved features like FTX but that is not widely used when you compare it with binance.

If you think KuCoin is a strict KYC policy and your country is on their restricted countries list, you can search for the other exchanges. KuCoin is just an option for a trader who wants a similar exchange like Binance. But Binance itself has a strict KYC policy, and most exchanges will do the same.

KYC implementation on binance is considerable knowing that they are just following what the law required them to do and besides they are high reputable exchange so I guess their existing and old traders will not care or worry about the new changes happen on their trading platform. Also my second option here is Kucoin and so far they didn't ask me to submit those details and the coins and can trade smoothly at them.

[Hamphser]

The only probelm with kucoin is that they have a strict KYC policy where they do not allow many countires to use thier exchnages. Even though you can make an account and use it if you are in restricted country but KYC is not allwed for everyone. For this reason i don't think that Kucoin has a big potential as some of the other exchanged mainly binance. For now i think binance is the biggest exchange and no other exchanges seems to be pouplar in terms of liquidity and number of users. There are few other exchnages with much improved features like FTX but that is not widely used when you compare it with binance.

If you think KuCoin is a strict KYC policy and your country is on their restricted countries list, you can search for the other exchanges. KuCoin is just an option for a trader who wants a similar exchange like Binance. But Binance itself has a strict KYC policy, and most exchanges will do the same.

KYC implementation on binance is considerable knowing that they are just following what the law required them to do and besides they are high reputable exchange so I guess their existing and old traders will not care or worry about the new changes happen on their trading platform. Also my second option here is Kucoin and so far they didn't ask me to submit those details and the coins and can trade smoothly at them.

Some doesnt mind but there are people who doesnt really like on the current set up on what Binance does have but showing off that they only lost mere amount on percentage of their users of such changes.

Yes, Kucoin is really a good option too and when it comes to reputation then this one do also fits out just next to BInance.So its a personal choice whether which one you do prefer the most.
Stick with the best ones and you wouldnt really experiencing some problems but its not really that bad to consider new ones but always mind off about the risks.

[Oceat]

-snip-

Some doesnt mind but there are people who doesnt really like on the current set up on what Binance does have but showing off that they only lost mere amount on percentage of their users of such changes.

Yes, Kucoin is really a good option too and when it comes to reputation then this one do also fits out just next to BInance.So its a personal choice whether which one you do prefer the most.
Stick with the best ones and you wouldnt really experiencing some problems but its not really that bad to consider new ones but always mind off about the risks.

Binance is just enough though if we are talking about the right exchange for OP to trade his crypto but due to the KYC thing of Binance most people don't want to use it since they were afraid of the data breach once they get hack. Now, KuCoin on the other hand is the best alternative to Binance since they were just almost similar to Binance and no KYC yet but expect that in the future they will have it too. So, we are all going to be using those exchanges unless if we find a new alternative of KuCoin again.

[dunfida]

-snip-

Some doesnt mind but there are people who doesnt really like on the current set up on what Binance does have but showing off that they only lost mere amount on percentage of their users of such changes.

Yes, Kucoin is really a good option too and when it comes to reputation then this one do also fits out just next to BInance.So its a personal choice whether which one you do prefer the most.
Stick with the best ones and you wouldnt really experiencing some problems but its not really that bad to consider new ones but always mind off about the risks.

Binance is just enough though if we are talking about the right exchange for OP to trade his crypto but due to the KYC thing of Binance most people don't want to use it since they were afraid of the data breach once they get hack. Now, KuCoin on the other hand is the best alternative to Binance since they were just almost similar to Binance and no KYC yet but expect that in the future they will have it too. So, we are all going to be using those exchanges unless if we find a new alternative of KuCoin again.

So far we do only stick out on known ones which previously doesnt really require KYC which is Kucoin and Binance but later on they do end up on requiring KYC which it isnt surprising yet regulation do becomes more

tighter as we do move on years to come which these platforms would be slowly becoming into this kind of standard and since these things are regulated then they do need to abide on the laws and regulations that had been set which means that we dont have any choice but to deal with it.

Sooner or later we would be totally be seeing platforms would be mainly asking for some verification.

[michellee]

KYC implementation on binance is considerable knowing that they are just following what the law required them to do and besides they are high reputable exchange so I guess their existing and old traders will not care or worry about the new changes happen on their trading platform. Also my second option here is Kucoin and so far they didn't ask me to submit those details and the coins and can trade smoothly at them.

Maybe that is why Binance uses a high KYC implementation for some people and makes them uncomfortable. I consider that Binance verification is like the other not too strict exchanges. Still, KuCoin can be another option for traders as KuCoin does not apply strict KYC verification. That is why KuCoin can be bigger in the future as they have similar features like Binance and have many coins. Maybe people need to check on HotBit, as this exchange is active so they will have another option besides KuCoin.

[noormcs5]

Hi all,

I'm preparing my limit order for this altcoin and since the marketcap is only 170 million and my order might be big for this marketcap, I am afraid that my low bid order might not get filled if there is a wick down. So I'm deciding between 2 exchanges: Kucoin with 1.2 million USD volume (per 24 hour) and Gate.IO with 200k USD volume.

The goal is to have the highest chance for getting my low bid order filled, especially because my order will be big (I think). I thought that Kucoin might be better for this, since the volume is way higher. But I have observed both exchanges for 2 days now and often Gate.IO has a lower price and also seems to have more units on sale. Is that possible, despite Kucoin having a way higher volume? Or am I reading it wrong?


Please see this image of both the order books:


The white one is of Gate.IO and the black one of Kucoin. The total amount of coins is listed under ''cum'' on Gate.IO and ''Total'' on Kucoin. As you can see for the price of 12.287 for example there are only around 46 units to be sold on Kucoin and around 940 units on Gate.IO. Am I reading this correctly and thus at this time at least, Gate.IO is better for my goal of having the most chance of my low bid order to get filled?


Thanks in advance!

Some exchanges have orders filled with lower price but when you take a look at the volume of those orders it will be less than 1% or simply created by the exchange itself to give more trading volume to coin tacking sites so I always say go with the Kucoin which is reputable and you don't need to worry about your order stuck forever.

The exchange which we choose should have the liquiditiy so that we can easily buy and sell the coins. The exchnage which has no or less liquidity means that there are very few people using that exchange as there are too few orders on the order book.
We should only use the exchanges with high liquidity and have gainied good trust amoung the traders. Binance, kocoin and ftx are the one which i normally use and have faced no issues so far.

[AakZaki]

Kucoin or Binance are both large exchanges, have high credibility and have many users. Since the beginning of the release I already have a Kucoin account as well as a Binance. Both highly recommended exchanges with lots of features and easy ways to withdraw and deposit, as well as constantly improving security. There are many other exchanges, but the ones I use are Kucoin and Binance and there are a few others.

[Mahanton]

KYC implementation on binance is considerable knowing that they are just following what the law required them to do and besides they are high reputable exchange so I guess their existing and old traders will not care or worry about the new changes happen on their trading platform. Also my second option here is Kucoin and so far they didn't ask me to submit those details and the coins and can trade smoothly at them.

Maybe that is why Binance uses a high KYC implementation for some people and makes them uncomfortable. I consider that Binance verification is like the other not too strict exchanges. Still, KuCoin can be another option for traders as KuCoin does not apply strict KYC verification. That is why KuCoin can be bigger in the future as they have similar features like Binance and have many coins. Maybe people need to check on HotBit, as this exchange is active so they will have another option besides KuCoin.

I have sent out some id's and the verification went smooth and i could make use of their service everything just like before.Im not really that scared on exposing those information
since you do trust up much with the company itself which had been doing  good for couple of years.Im not saying its 100% safe but as long i could really make use
of their platform for my benefit then it wouldnt really be an issue for me to deal with.

[Shasha80]

KYC implementation on binance is considerable knowing that they are just following what the law required them to do and besides they are high reputable exchange so I guess their existing and old traders will not care or worry about the new changes happen on their trading platform. Also my second option here is Kucoin and so far they didn't ask me to submit those details and the coins and can trade smoothly at them.

Maybe that is why Binance uses a high KYC implementation for some people and makes them uncomfortable. I consider that Binance verification is like the other not too strict exchanges. Still, KuCoin can be another option for traders as KuCoin does not apply strict KYC verification. That is why KuCoin can be bigger in the future as they have similar features like Binance and have many coins. Maybe people need to check on HotBit, as this exchange is active so they will have another option besides KuCoin.

I've had bad experiences with choosing the wrong exchanges to trade, from that experience I learned to be careful when choosing which exchanges
to use. In fact, based on my investigation, many exchanges circulating today have fake volume and that is detrimental to their users. I've actually
been comfortable using Binance for the past few years for trading. But after my country considered Binance illegal and I had to access Binance
by using a VPN, then after that Binance requires all its users to do KYC. It ended up making me uncomfortable using Binance anymore, but it's not
that Binance is bad, it's just that I'm not comfortable using Binance anymore. Fortunately many people close to me recommend KuCoin and I have
been actively trading on KuCoin in the last few months. So far KuCoin has made me quite comfortable, the features that KuCoin has are also quite
complete and security is also quite good. So KuCoin can indeed be a good alternative to Binance in my opinion. Regarding HotBit I've heard of it,
but to be honest I don't really know about HotBit. But if you think it's good, I'll try to check it if I have free time, who knows HotBit can make me
comfortable to trade.

[michellee]

I have sent out some id's and the verification went smooth and i could make use of their service everything just like before.Im not really that scared on exposing those information
since you do trust up much with the company itself which had been doing  good for couple of years.Im not saying its 100% safe but as long i could really make use
of their platform for my benefit then it wouldnt really be an issue for me to deal with.

As long as you trust the exchange and know that they can protect the customer data, you do not have to be afraid or worry about anything. I am sure the exchange will take care of their customer data as they will not something bad happens. Yes, it is not 100% when it is sent to the internet, but we can minimize the risk by only send to the trusty third party.

I've had bad experiences with choosing the wrong exchanges to trade, from that experience I learned to be careful when choosing which exchanges
to use. In fact, based on my investigation, many exchanges circulating today have fake volume and that is detrimental to their users. I've actually
been comfortable using Binance for the past few years for trading. But after my country considered Binance illegal and I had to access Binance
by using a VPN, then after that Binance requires all its users to do KYC. It ended up making me uncomfortable using Binance anymore, but it's not
that Binance is bad, it's just that I'm not comfortable using Binance anymore. Fortunately many people close to me recommend KuCoin and I have
been actively trading on KuCoin in the last few months. So far KuCoin has made me quite comfortable, the features that KuCoin has are also quite
complete and security is also quite good. So KuCoin can indeed be a good alternative to Binance in my opinion. Regarding HotBit I've heard of it,
but to be honest I don't really know about HotBit. But if you think it's good, I'll try to check it if I have free time, who knows HotBit can make me
comfortable to trade.

Many exchanges have fake volumes, but if we do not register on the new exchanges or are not sure about the exchange, we can avoid making a mistake. Yeah, Binance has become strictly related to the country's regulations, causing some people to have difficulty using Binance. But you are lucky to have good friends who suggested using KuCoin to trade and yes, KuCoin can be an alternative if we feel Binance is not comfortable anymore.

HotBit is another good exchange for me and so far, I do not have any problem and do not want to get the problem. I read on their site that HotBit does not require KYC when you register, trade, and withdraw. You will provide KYC if you reset Google Authenticator Verification, SMS verification and change Email Verification.

[Chato1977]

I am wondering why Binance exchange is not part of this journey ? instead of Gate.io why not choose Binance instead?

anyway that is your funds and you are the one can decide , but if i were you try to use binance for more safer and features like staking and other good offers .

[Alisha FR]

Hi all,

I'm preparing my limit order for this altcoin and since the marketcap is only 170 million and my order might be big for this marketcap, I am afraid that my low bid order might not get filled if there is a wick down. So I'm deciding between 2 exchanges: Kucoin with 1.2 million USD volume (per 24 hour) and Gate.IO with 200k USD volume.

The goal is to have the highest chance for getting my low bid order filled, especially because my order will be big (I think). I thought that Kucoin might be better for this, since the volume is way higher. But I have observed both exchanges for 2 days now and often Gate.IO has a lower price and also seems to have more units on sale. Is that possible, despite Kucoin having a way higher volume? Or am I reading it wrong?


Please see this image of both the order books:


The white one is of Gate.IO and the black one of Kucoin. The total amount of coins is listed under ''cum'' on Gate.IO and ''Total'' on Kucoin. As you can see for the price of 12.287 for example there are only around 46 units to be sold on Kucoin and around 940 units on Gate.IO. Am I reading this correctly and thus at this time at least, Gate.IO is better for my goal of having the most chance of my low bid order to get filled?


Thanks in advance!

when I saw the Gate.IO market honestly full of doubts, because the worst trading experience I've ever had on the Gate.IO market by misjudging trust which is very vulnerable to process failure but the coins I have don't come back and I feel cheated.
not only that the price listed on the Gate.IO market also does not meet the volume or capacity limit orders with large capacities which will lead to losses because they are trapped by the initial value.
think again

[lixer]

I am wondering why Binance exchange is not part of this journey ? instead of Gate.io why not choose Binance instead?

anyway that is your funds and you are the one can decide , but if i were you try to use binance for more safer and features like staking and other good offers .

We do not know maybe he did not include binance in the choices because we all know how strict binance is when it comes to trading on their website and they require a KYC so maybe this is the reason why the op is avoiding it but for the other exchanges like kucoin and gate, these exchanges were maybe less stricter and I heard that you do not need to do a KYC for a basic level or basic trade in kucoin but I am not sure about gate if they have almost the same rule as I never tried trading on this exchange yet.

The advantage of using binance is like you said more safer but staking? Staking is also available on many exchanges but most of all is the volume's in binance is very high.