Choosing the right exchange

[teosanru]

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!

I can tell about Kucoin for sure, no matter how much daily volume you see, the moment you will be entering your order, the order book would automatically change, all these are just bot orders created by the exchange itself to make the order books look hefty, Your order if it's large will only get completed once you there is a huge volume from the other side. All these exchanges are pretty bad when it comes to liquidity, especially in alts, if your order is anywhere above $500, you won't be able to sell it at your desired price, or the price in the market or even the highest price in the order book, best you would get is 0.5-1% below the current price because you'll have to eat the whole order book.

[Mahanton]

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!

I can tell about Kucoin for sure, no matter how much daily volume you see, the moment you will be entering your order, the order book would automatically change, all these are just bot orders created by the exchange itself to make the order books look hefty, Your order if it's large will only get completed once you there is a huge volume from the other side. All these exchanges are pretty bad when it comes to liquidity, especially in alts, if your order is anywhere above $500, you won't be able to sell it at your desired price, or the price in the market or even the highest price in the order book, best you would get is 0.5-1% below the current price because you'll have to eat the whole order book.

The more volume the exchange has then the more faster the orders could be filled out and its true on what you are saying about bots which is already a norm on this market.
THis is why you should really be fast on making out order execution and dont expect that if you do set out prices which is way too low or high then it couldnt really be that
be filled immediately no matter what exchange you would really be dealing with and you should be aware on this basic principle.

[Sweetbtc]

Once you discover associate degree exchange that meets your basic necessities, check these different aspects as well:
Security:
Technology: — The exchange's net address ought to begin with HTTPS. ...
Legal aspects: ...
Transparency: ...
Liquidity: ...
Fees: ...
User experience: ...
Recommended cryptocurrency exchanges and brokers.

[CaVO32]

r
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.

I think not an exchange but also some coin only have lower volume transaction, maybe except Binance all coin have higher volume transaction above $300,000. I see several coin on Kucoin exchange market have less volume transaction above $300 between sell and buy order, if try for arbitrage not enough good reason without volume transaction, maybe the problem with coin developer only and not an exchange of Kucoin market trouble.

Certainly, it is not about the exchange but the coin itself. The trading volume will be good if the project is also good and has actual use case in the market. As we noticed, most coins without reason to exist, are finding it hard to improve their liquidity in the market. Most of the time, the dev team itself is the one creating the liquidity if they can't attract traders. And you will see it right away because they can't sustain its market. Whether, kucoin or binance or other small crypto-exchange, it is better to choose a valuable coin rather than go for a small cap coin, which is about to lose its value in the market.

[RealMalatesta]

Certainly, it is not about the exchange but the coin itself. The trading volume will be good if the project is also good and has actual use case in the market. As we noticed, most coins without reason to exist, are finding it hard to improve their liquidity in the market. Most of the time, the dev team itself is the one creating the liquidity if they can't attract traders. And you will see it right away because they can't sustain its market. Whether, kucoin or binance or other small crypto-exchange, it is better to choose a valuable coin rather than go for a small cap coin, which is about to lose its value in the market.

This is 100% true, you could have a coin that could be disturbed with a small amount on Binance, check the lowest traded one and I am sure it is not really traded all that much, whereas check the small or medium range places and you will see the top one (usually btc/usdt) will not be disturbed even in those small places.

I have seen a place with around 4 million dollars trading volume total, and it had around 120 pairs, btc/usdt was around 3.2 million dollars there, so guess how the tiniest ones were, the smalls one had like 100-200 dollars volume. So, I have to say that it is not really that much of a problem of the exchange but problem of the pair.

[rojan]

Binance is a very popular exchanger.  In addition to this there are two exchanges of Kucoin I have been using for a long time.  In this exchange, I have been using Binance more.  For a long time  The reason I like Binance so much is because I do all the transactions at Binance.
Binance kyc must be done.  Transactions cannot be done without kyc.

[Benefactor]

On the off chance that I were you mate attempt binance on the off chance that it's not limited to your country wherein to guarantee your capital is in a protected spot too, its an exceptionally gotten stage so most likely a decent decision than gate.io. I would propose you to find the genuine exchange with some other coin wherein the costs will change yet essentially purchasers and merchants ought to purchase and selling around the market cost.