Exchange that makes trading easy, Your suggestion

[shield132]

I mean Binance is humongous and confusing even for veterans. Especially they have completely different sections like @shinratensei_ said for futures, options, spot etc.

I came here to suggest OP to use Binance to make trading easy and now I'm surprised that you call it confusing even for veterans. I started trading on Binance in 2020 and it's the website where I learnt everything, my first steps were on Binance. It has lots of products but what you mostly need for trading is Spot Trading and Futures Trading page. Btw to be fair, I find trading with Binance's mobile app much easier than on their website (I mean regular Binance, not Binance Lite).
I think that trading websites look very familiar, I don't find them easier or harder compared to each other, there are only slight UI differences.

[$weetne$$]

If you’re actively trading on exchanges, I’ll love to hear your opinions. What platforms do you use, and what’s your experience been like? Drop your opinions below!

When looking for an exchange to use for trading, I always consider using the top exchanges because I can be sure if any hack happens, I can always get compensated by the exchange but for the smaller exchange that are not so popular, if they get hack and lose alot of money, we might never hear from them again because they will not have the money to pay back the affected victims but the top exchange have investors that can help them to save their reputation. Bybit just got hacked but the exchange is still operating just fine like nothing happened and that is because they have alot of reserves money to handle situations like this and that is a good thing because hackers will always be targeting these centralized exchanges.

[FatFork]

To be honest, I don't like to experiment much when it comes to money. So, I don't actually switch exchanges often. It can be pretty risky, and I prefer to play it safe. There are lots of different platforms out there, and some might be better than others, depending on what you're looking for. But I prefer to stick with top, well-established platforms.  But remember, even with those, there are still risks.

[tvplus006]

...But I prefer to stick with top, well-established platforms.  But remember, even with those, there are still risks.

Yes, now almost all major exchanges have special funds to protect the assets of participants. And the first such fund SAFU was created on the Binance exchange in 2018, and which was later created in their likeness on other exchanges.

[taufik123]

To be honest, I don't like to experiment much when it comes to money. So, I don't actually switch exchanges often. It can be pretty risky, and I prefer to play it safe. There are lots of different platforms out there, and some might be better than others, depending on what you're looking for. But I prefer to stick with top, well-established platforms.  But remember, even with those, there are still risks.

Yes, it's better to just focus on the top 1 Excahnge that is already trusted, maybe like Binance and from the beginning I used Binance as my main trading place and of course will not move to another exchange as long as Binance still gives me the security that happens and from the loss of funds that may happen.

As with some of the top exchanges that have recently happened to Bybit and of course Bybit reimburses their users,
but this raises concerns and eventually some people will withdraw their assets from the exchange.

For other exchanges that I am obliged to use to exchange with Fiat I have to use a local exchange that is already official from my country so there are no other problems such as paying taxes and others, because now in my country it is very strict about the rules on how you exchange your crypto with Fiat.

[Bitcoin_Arena]

I was just talking about this somewhere else, people were saying Bybit was the best, when it used to be Binance, snd then boom they got a MtGox happen to them

Over 1 BILLION dollars gone, and you know, so many exchanges have stolen money but use the hack excuse lol you can never trust a CEX. Cold wallet, multisig, and they still got hacked I bet its just some greedy guys.

Use a CEX if you have to, I always do. But never keep a single cent there.

Most of those hacks are just insider jobs. Imagine some weak soul getting exposed to crypto worth a life changing $10M, they would certainly think of cooking a hack story and go for a vacation of their life after a couple of years when the heat has cooled down.

Day trading with funds one can afford to lose is certainly one of the best pieces of advice around. Deposit what you can afford to lose and leave the rest in a noncustodial wallet. If the exchange decides to disappear overnight, consider it a small loss/mishap and there is always more backup funds to trade or play with.

Yes, it's better to just focus on the top 1 Excahnge that is already trusted, maybe like Binance and from the beginning I used Binance as my main trading place and of course will not move to another exchange as long as Binance still gives me the security that happens and from the loss of funds that may happen.

An exchange may not have it all. Some have very fair trading fees, others have very good withdrawal fees (I actually had an account with FTX because of the free withdrawal fees at one point  )

[AmoreJaz]

To be honest, I don't like to experiment much when it comes to money. So, I don't actually switch exchanges often. It can be pretty risky, and I prefer to play it safe. There are lots of different platforms out there, and some might be better than others, depending on what you're looking for. But I prefer to stick with top, well-established platforms.  But remember, even with those, there are still risks.

Yes, it's better to just focus on the top 1 Excahnge that is already trusted, maybe like Binance and from the beginning I used Binance as my main trading place and of course will not move to another exchange as long as Binance still gives me the security that happens and from the loss of funds that may happen.

As with some of the top exchanges that have recently happened to Bybit and of course Bybit reimburses their users,
but this raises concerns and eventually some people will withdraw their assets from the exchange.

For other exchanges that I am obliged to use to exchange with Fiat I have to use a local exchange that is already official from my country so there are no other problems such as paying taxes and others, because now in my country it is very strict about the rules on how you exchange your crypto with Fiat.

If you are a beginner, you can explore first a top and reputable exchange. Just like you said, binance is pretty much credible among trading platforms. However, if you are already tapping other alts or tokens, some of them can't be found in binance but in other exchange platforms. That's when you need to check other trading sites and see what they can offer to you as a trader. Better check the reputation of the site before you deposit on them as some have bad reputation when it comes to withdrawal.
Some of the key points you need to consider in trading-
> reputation of the trading platform
> coin or token's foundation
> liquidity of the project you are dealing with
> future of the project
> get insights on what is happening via socmed of the coins you are dealing with
> market performance, availability in several tradin platforms

[nelson4lov]

Hyperliquid is just a new site created last year. I don't know what's the difference between this exchange compared to other exchanges like OKX, Binance, and Bitget. For me, they are just the same easy to navigate unless you are pointing to something else.

There are lots of features missing on Hyperliquid, and I can't trust a new exchange with limited features. It is listed as a derivative exchange, and their spot exchange supported only 80 coins.
I stay using with the top 5 exchanges on Coingecko since most of the features that we need is almost there compared to Hyperliquid exchange.

Here to correct some assumptions you made about hyperLiquid. Compared to the other exchanges you mentioned as well, HyperLiquid is the only Perp DEX. They also have a spot market like centralized exchanges do.

Secondly, HyperLiquid wasn't created in 2024. I believe it was in 2023 or even sooner than that. HyperLiquid only started coming up in exchange discussions around middle to ending of 2024.

Afaik as I know, HyperLiquid have all the important features for an exchange too.

[shinratensei_]

I was just talking about this somewhere else, people were saying Bybit was the best, when it used to be Binance, snd then boom they got a MtGox happen to them

Over 1 BILLION dollars gone, and you know, so many exchanges have stolen money but use the hack excuse lol you can never trust a CEX. Cold wallet, multisig, and they still got hacked I bet its just some greedy guys.

Use a CEX if you have to, I always do. But never keep a single cent there.

that's the thing with CEX, even if such massive incident happened, they'd only share heavily filtered information about the state of the exchange, you'd never know if their business can still operate or not, so putting money in there after such incident always risky.

honestly if the pair in DEX is abundant of liquidity, just settle with DEX, very little difference compared to CEX other than on-chain processing which might take a while in a blockchain that's not so fast like ETH.
but at least, no worry about incident like massive hacking like this.

if OP really seeks convenience, just deposit with the exact margin that's required, never put money in CEX for too long.

[passwordnow]

Hey everyone,  The market hasn’t been looking great lately, so I’ve decided to take a break from trading for a bit. Plus, with OKX exiting my country, I’ve been forced to explore other options for futures trading. Right now, I mostly use Hyperliquid, but honestly, I find CEX platforms easier to navigate—just more straightforward, in my opinion, haha.  

I’ve been considering a few alternatives, mainly the top 5 on CMC. Bybit and BingX stand out since I can also trade forex pairs there, and the 0 slippage is definitely a big plus. Still, I want to make sure I’m choosing the best platform though, for my trading requirements.

If you’re actively trading on exchanges, I’ll love to hear your opinions. What platforms do you use, and what’s your experience been like? Drop your opinions below!

Bybit is out of the list now but if you admire what they did and how they have handled the situation, I won't stop you from doing so. Basically, there is a lot of exchanges aside from the two that you've mentioned. As for hyperliquid, I'm starting to see it gain traction and some users of the forum are also using them but you got to check it out and I am not speaking from my own experience because I have none from it. Despite that Bybit incident, it's still top 2 which is next to Binance based on: https://coinmarketcap.com/rankings/exchanges/
But that list is also consisting of other choices to pick and the one that you've mentioned BingX isn't on the top 10 but top 12.

[taufik123]

If you are a beginner, you can explore first a top and reputable exchange. Just like you said, binance is pretty much credible among trading platforms. However, if you are already tapping other alts or tokens, some of them can't be found in binance but in other exchange platforms. That's when you need to check other trading sites and see what they can offer to you as a trader. Better check the reputation of the site before you deposit on them as some have bad reputation when it comes to withdrawal.

Yes, you are right about how a beginner should first check out the top and leading exchanges because some of the Altcoins that are owned are certainly not yet listed on the market.

I even have almost all Exchange accounts from global to local exchanges as it relates to the altcoins I own.
Some altcoins were obtained from the airdrop which made me have to sell in the predetermined market and some were also sold on Dex.

But of course I will also check how reputable an exchange is before I sign up and sell my Altcoins.
Because I was once stuck on an exchange that had a bad reputation and even the funds I had were frozen for nonsensical reasons.

Bybit is out of the list now but if you admire what they did and how they have handled the situation, I won't stop you from doing so.
-snip-

It's up to you to decide whether you want to blacklist Bybit or not, but almost all exchanges seem to have problems with hacks Even Binance has experienced it in the past. Of course, the Quick Action of the Exchange will be an assessment of whether the exchange cares about the safety of user funds or not.

Some of my local exchanges have also been hacked and it was solved quite well so that trust still remains.
It is difficult when an exchange has experienced hacking problems, but it is certainly not recommended to store the main asset on the Exchange,
it is best to store it in your personal hardware wallet.

[MrDoody]

i recently noticed that some big crypto investors are no longer keeping their assets in a specific wallet or exchange due to recent hacks  and they are not even converting all their assets to a specific currency.
iI think this is the best option for those with significant capital because even if an exchange or wallet is hacked, it will not cause all the assets to be lost.
we can also use this method. of course this also has risks such as forgetting the recovery phrases, forgetting the exchange and the currencies inside it, and the amount of fees.

[haywhy]

I think it's time for Traders to leave Bybit for now, There C.E.O should come out and explain how a whooping  $1.46B hack, it's terrible

[jstyler]

I'm not surprised Bybit's been getting flak lately. Remember the 2019 hack? They did come out and explain, but I've always been hesitant to put too many eggs in one basket. Do you think a "top 5" exchange is really the best strategy?

[slaman29]

I was just talking about this somewhere else, people were saying Bybit was the best, when it used to be Binance, snd then boom they got a MtGox happen to them

Over 1 BILLION dollars gone, and you know, so many exchanges have stolen money but use the hack excuse lol you can never trust a CEX. Cold wallet, multisig, and they still got hacked I bet its just some greedy guys.

Use a CEX if you have to, I always do. But never keep a single cent there.

that's the thing with CEX, even if such massive incident happened, they'd only share heavily filtered information about the state of the exchange, you'd never know if their business can still operate or not, so putting money in there after such incident always risky.

honestly if the pair in DEX is abundant of liquidity, just settle with DEX, very little difference compared to CEX other than on-chain processing which might take a while in a blockchain that's not so fast like ETH.
but at least, no worry about incident like massive hacking like this.

if OP really seeks convenience, just deposit with the exact margin that's required, never put money in CEX for too long.

My point wasn't even in the state of the exchange, which FTX already showed us was possible (they were almost bankrupt and nobody knew until the shit truly hit the ceiling lol). Investors keep putting money in even on the final death day.

But in this case? Multisig coldwallet 'hacked' sounds to me just an exit scam.

So easy to steal money and say oops we got hacked. Its all happened before so I'm not surprised tbh.

[Ahli38]

Hey everyone,  The market hasn’t been looking great lately, so I’ve decided to take a break from trading for a bit. Plus, with OKX exiting my country, I’ve been forced to explore other options for futures trading. Right now, I mostly use Hyperliquid, but honestly, I find CEX platforms easier to navigate—just more straightforward, in my opinion, haha.  

I’ve been considering a few alternatives, mainly the top 5 on CMC. Bybit and BingX stand out since I can also trade forex pairs there, and the 0 slippage is definitely a big plus. Still, I want to make sure I’m choosing the best platform though, for my trading requirements.

If you’re actively trading on exchanges, I’ll love to hear your opinions. What platforms do you use, and what’s your experience been like? Drop your opinions below!

Binance, OKx and Mexc are probably the ones I use the most. But of the three, I use Binance more often. I don't know how, but I'm just more comfortable because maybe I'm used to it there. But when I hunt for higher volatility from new coins and I need large leverage then I often also use Mexc. I would never recommend it to anyone because basically everyone has different comfort in the cex platform they use. So I think you need to try a few and decide for yourself which one you are more comfortable with. Some of my friends also use BingX. And my friend said it is quite convenient for futures trading. but because I'm not familiar with the platform, I rarely use it.

[lixer]

I mean Binance is humongous and confusing even for veterans. Especially they have completely different sections like @shinratensei_ said for futures, options, spot etc.

I came here to suggest OP to use Binance to make trading easy and now I'm surprised that you call it confusing even for veterans. I started trading on Binance in 2020 and it's the website where I learnt everything, my first steps were on Binance. It has lots of products but what you mostly need for trading is Spot Trading and Futures Trading page. Btw to be fair, I find trading with Binance's mobile app much easier than on their website (I mean regular Binance, not Binance Lite).
I think that trading websites look very familiar, I don't find them easier or harder compared to each other, there are only slight UI differences.

I agree with this, it's quite easy, the top right has all the pairs, and the chart is there, and under the chart you have trading, either buy or sell. How easier could it get than that? I am not sure, maybe there is an easier way for some people out there, but for me I have been using that type of exchanges since I got into crypto, and that is why binance is an easy one for me.

If you trade on mobile, that looks even easier, the mobile version has a lot less stuff and you could make a lot easier trades too. In the end, if people want something simpler than binance, they are probably looking for something like a button on the website for buying and a button for selling and nothing else, I do not know how simpler it could get than binance.

[slaman29]

I mean Binance is humongous and confusing even for veterans. Especially they have completely different sections like @shinratensei_ said for futures, options, spot etc.

I came here to suggest OP to use Binance to make trading easy and now I'm surprised that you call it confusing even for veterans. I started trading on Binance in 2020 and it's the website where I learnt everything, my first steps were on Binance. It has lots of products but what you mostly need for trading is Spot Trading and Futures Trading page. Btw to be fair, I find trading with Binance's mobile app much easier than on their website (I mean regular Binance, not Binance Lite).
I think that trading websites look very familiar, I don't find them easier or harder compared to each other, there are only slight UI differences.

I agree with this, it's quite easy, the top right has all the pairs, and the chart is there, and under the chart you have trading, either buy or sell. How easier could it get than that? I am not sure, maybe there is an easier way for some people out there, but for me I have been using that type of exchanges since I got into crypto, and that is why binance is an easy one for me.

If you trade on mobile, that looks even easier, the mobile version has a lot less stuff and you could make a lot easier trades too. In the end, if people want something simpler than binance, they are probably looking for something like a button on the website for buying and a button for selling and nothing else, I do not know how simpler it could get than binance.

Binance was easy when you started out but their website has become a huge mess with so many options. I come from a forex background, and it was simpler then.

You're all talking from a viewpoint of someone in the game for a long time. Look at it objectively, download an app like eToro and compare with Binance The app is much better I agree, and thats what I mean.

Bittrex, old Binance, those were the best. Now it's just too much for a newbie to really get in deep, and too many for an oldie to go through.

My opinion, you young people don't have to agree

[michellee]

Bybit is enough for you to start futures trading. I used Bybit to futures trading and use Binance too. Both exchanges is enough for me to trade. But you should research for more and compare between Bybit and Binance.

My suggestion is you can try to install both Bybit and Binance or you can use your laptop or desktop to find the inside of those exchanges. You can feel which exchange that suit for you so you can choose what you need and you want. You don't have to follow my suggestion because you will have something to determine the exchanges from your experienced.

[Peanutswar]

Base on my experiecne Ive been before with the Binance but the problem is they cant comply with the regulations to operate in my country reason why it's another opportunity to the other exchange, through out my experience I tried with the Kucoin but tons of conflict with them with the account, then I tried to shift into Crypto.com but tooks so much hassle to navigate with their platform so finally I'm using with the MEXC which is just the same with the Binance and offers tons of coins to trade as of now, but currently not yet supported with the p2p trading with our banks or wallets. Bybit seems the same with Binance but after their recent issues seems people quite doubt to them now.