Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Theodosia on November 19, 2021, 07:29:17 PM
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What features do you pay attention to when choosing an exchange? What should we pay attention to? Which exchanges are you using currently?
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When choosing an exchange, I look for reliable and fast transactions.The exchange I use is Polkadex because it has the features I have mentioned.They have really fast transaction speed.
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Generally when i am going to choose any exchange i follow some particular criteria of any exchange one is trading fee another one is security. I just look forward their kyc process. Basically i choose exchange form the top exchange list. Currently i use Binacne, Kucoin , Gateio and several exchanges.
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My most important criterion when choosing a stock market is security.The exchange should be understandable, easy, fast and should offer various features.There are exchanges that I'm currently interested in and I'm researching Sigmadex as I pay attention to them being DEX.
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I agree with everyone about security and in addition, I pay attention to the low commission. I use Bitay because it takes less commission than other exchanges in my country.
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When choosing an exchange, I look for reliable and fast transactions.The exchange I use is Polkadex because it has the features I have mentioned.They have really fast transaction speed.
Polkadex is unlike any other set of principles I've ever met... A dex with a large number of CEX capabilities. Polkadex is bringing its own "Polkadex blockchain" to the mainnet to help secure it, as well as executing a number of essential techniques including staking $PDEX and nominating validators in order to receive PDEX rewards. As a result of this great plan, the price of $PDEX can explode in the near future.
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I agree with everyone about security and in addition, I pay attention to the low commission. I use Bitay because it takes less commission than other exchanges in my country.
Exactly!!Many of us are small investors anyway.Commissions and fees can be annoying.I like this opportunity of the project
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I agree with everyone about security and in addition, I pay attention to the low commission. I use Bitay because it takes less commission than other exchanges in my country.
Does Bitay have a mobile application?
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My most important criterion when choosing a stock market is security.The exchange should be understandable, easy, fast and should offer various features.There are exchanges that I'm currently interested in and I'm researching Sigmadex as I pay attention to them being DEX.
Tbh I have never heard Sigmadex.I don't think there is an exchange in the market right now or they can't announce themselves..
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The most important things I look for are reputation, security and liquidity. I also like to check and compare fees and commissions.
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I agree with everyone about security and in addition, I pay attention to the low commission. I use Bitay because it takes less commission than other exchanges in my country.
Does Bitay have a mobile application?
Bitay is the first cryptocurrency exchange to launch a mobile application in Turkey.Bitay's mobile application is the most user-friendly cryptocurrency application in Turkey. :)
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My most important criterion when choosing a stock market is security.The exchange should be understandable, easy, fast and should offer various features.There are exchanges that I'm currently interested in and I'm researching Sigmadex as I pay attention to them being DEX.
Tbh I have never heard Sigmadex.I don't think there is an exchange in the market right now or they can't announce themselves..
The project is still a new project. It is useful to follow the work for now. The exact release date was planned for Q4.
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I believe that the days are coming when cryptocurrencies will be used much more in our daily work. That's why I prefer exchanges that allow us to spend crypto money in our daily lives.
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My most important criterion when choosing a stock market is security.The exchange should be understandable, easy, fast and should offer various features.There are exchanges that I'm currently interested in and I'm researching Sigmadex as I pay attention to them being DEX.
Tbh I have never heard Sigmadex.I don't think there is an exchange in the market right now or they can't announce themselves..
The project is still a new project. It is useful to follow the work for now. The exact release date was planned for Q4.
I'm a person who likes to chase pre-sales and I'm waiting for Sigmadex. Can you let me know or where can I follow?
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I believe that the days are coming when cryptocurrencies will be used much more in our daily work. That's why I prefer exchanges that allow us to spend crypto money in our daily lives.
Hello sis ;D I think we are citizens of the same country. Is there a exchange with the feature you mentioned that you use? ???
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My most important criterion when choosing a stock market is security.The exchange should be understandable, easy, fast and should offer various features.There are exchanges that I'm currently interested in and I'm researching Sigmadex as I pay attention to them being DEX.
Tbh I have never heard Sigmadex.I don't think there is an exchange in the market right now or they can't announce themselves..
The project is still a new project. It is useful to follow the work for now. The exact release date was planned for Q4.
I'm a person who likes to chase pre-sales and I'm waiting for Sigmadex. Can you let me know or where can I follow?
Sigmadex is very active on their Twitter and Telegram chats.Idk where are you from but,i suggest you to check if you have Sigmadex channel for your country community :)
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I believe that the days are coming when cryptocurrencies will be used much more in our daily work. That's why I prefer exchanges that allow us to spend crypto money in our daily lives.
Hello sis ;D I think we are citizens of the same country. Is there a exchange with the feature you mentioned that you use? ???
Currently I am using Bitay.They said Bitay's Bitay Visa Card, which allows you to spend cryptocurrencies in daily life, is coming soon so I am waiting for it :)
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I am looking for trading speed.It is not clear when we will need money. We may suddenly not have time to buy and sell.That's why trading speed is really important to me.Currently I am using Bitay and that was my first reason to choose them.Before choosing an exchange, set your priorities and pay attention to security
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I am looking for trading speed.It is not clear when we will need money. We may suddenly not have time to buy and sell.That's why trading speed is really important to me.Currently I am using Bitay and that was my first reason to choose them.Before choosing an exchange, set your priorities and pay attention to security
From time to time, I see delays in the buying and selling phase of Bitay. I mean, frankly, I do not agree with what you are saying. If this problem is completely eliminated, then they will comply with this feature.
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I usually pay attention to the fact that they are easy, convenient and safe. I recently realized that Polkadex can be an example of this for now.Their features are why we are the best out there. Polkadex can effortlessly link to all of the community's favorite trading bots, allowing users to use numerous trading techniques. The Polkadex IDO palette enables token developers to build ERC-20-like tokens with built-in parachain functionality and one-click listing in the Polkadex Orderbook.
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What I considered and takes as a priority when using a crypto exchange, I choose exchange with enhanced security, distributed multi-layer access rights that are rotated with asymmetric protocols, atleast 95% of asset should be in cold storage, all this features is what I found on Bitay crypto exchange in Estonia but headquarter in Turkey and makes it a top rated exchange
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Well, there are so many exchange already with amazing features underway, amazing as they have been some functionality and features of Bitay exchange is more centered on the users, some reason why I am recently tied with Bitay, I have learnt a whole lot from the platform with the Bitay academy with ready tutorials to out users through trading and managing funds. I believe the next opportunity ecosystem as far as exchange is concerned is Bitay, Bitay coin is coming soon and buying early is more like something I have to do. Has anyone else looked into the platform? They also have Bitay Visa Card also on their list of development...
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One of the features I look for in an exchange is transaction speed.So thats why my current fav is Polkadex.Polkadex has 500K transaction speed which is faster than most of the lead exchanges.
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One of the features I look for in an exchange is transaction speed.So thats why my current fav is Polkadex.Polkadex has 500K transaction speed which is faster than most of the lead exchanges.
I have checked that Polkadex really scales to 500K transactions per second and sub-millisecond latency.This is the highest level of an issue that needs attention.
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Security, easy interface, activity and speed are the main features I look for in an exchange.There is Polkadex, which I follow apart from the big exchanges.In addition to their PolkaIDO work, they are currently working on the Pdex award-winning Crowdloan to become a Parachain.
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Security, easy interface, activity and speed are the main features I look for in an exchange.There is Polkadex, which I follow apart from the big exchanges.In addition to their PolkaIDO work, they are currently working on the Pdex award-winning Crowdloan to become a Parachain.
I have a question. What kind of system is Crowdloan exactly? ???
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Security, easy interface, activity and speed are the main features I look for in an exchange.There is Polkadex, which I follow apart from the big exchanges.In addition to their PolkaIDO work, they are currently working on the Pdex award-winning Crowdloan to become a Parachain.
I have a question. What kind of system is Crowdloan exactly? ???
Well so if we simplify, a crowdloan is a method for new initiatives to get the funding they need to become a parachain of the Polkadot network. Currently DOT holders can contribute to this Crowdloan with DOT on Kucoin, Gate and MEXC and get 2M pdex rewards for return.A Crowdloan guide video has been shared about this topic, you can check it out :)
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I try to pay attention to things like convenience, innovation and diversity in addition to basic trading. My preference is now generally DEXs. Polkadex which is based in Polkadot, is the one I reviewed outside of the top exchange.
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Well Polkadex is an exchange project that develops very quickly and reaches high numbers as a token. I think Polkadex takes the strongest place among Polkadot projects.
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Well Polkadex is an exchange project that develops very quickly and reaches high numbers as a token. I think Polkadex takes the strongest place among Polkadot projects.
It is listed among the top 5 stock markets to shine in 2022 by some sources. Currently, there is also Crowdloan which is running to become a Parachain.
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A question to Brokenwings member, Contributing to Crowdloan is done with Pdexs that people have?
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Well not really because contributing is not with the pdex.To join the Polkadex Crowdloan by contributing DOT via partners, exchanges and walletss such as Gate.io,Kucoin, Mexc and couple of wallets like Tallisman. More detailed information is available on the Polkadex site. I suggest you take a look there.
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I try to pay attention to things like convenience, innovation and diversity in addition to basic trading. My preference is now generally DEXs. Polkadex which is based in Polkadot, is the one I reviewed outside of the top exchange.
Polkadex is a good option i agree
It is one of the first names that come to my mind when it comes to diversity because Polkadex, which is basically an exchange, also has launchpad, swap platform, mobile app and bridge products called Thea.
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A question to Brokenwings member, Contributing to Crowdloan is done with Pdexs that people have?
Well i didnt finished yet Abdulkareem because it takes a certain amount of time to become a Parachain, and this Crowdloan time is gradually happening. For example, Crowdloan batch 3 recently started with a higher reward system. Previously, the number of Pdex rewards for each DOT was 1, now this number is 2 Pdex = 1 DOT. So if you're wondering, it's still an ongoing process.
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Crypto exchanges have lost trust day by day in my country, Turkey. CEO of Thodex which is a crypto exchange left the country with all assets on the exchanges. People concerned about security and stability issues. Most of the exchanges don't provide a flawless user experience. When the market is volatile, orders don't work. You can't sell or buy coins. So, you can miss opportunities in the market. Another problem is the speed of transactions. I remember that I waited to succeed in my withdrawal the whole day. These are annoying. You are aware of something happen any time. So, these are vulnerabilities of centralized exchanges. I met Byte Exchange a couple of months ago. It has really fast. Transactions process almost at that moment. It has 85 million TPS. That means everybody living in Turkey can order sell or buy, it will be executed successfully. Additionally, The exchange wallets were insured by Fireblocks company. Owners of the Byte Exchange can't control wallets. They don't have private keys. Fireblocks provides 47 security layers. So, security is not a problem. My experience is quite well. I don't think about using other exchanges. I also should mention about staking platform of Byte Exchange. Byte Exchange shares %50 net profit with the community. Bext is a utility token of Byte Exchange. It has 312 million total supply. The exchange buys back Bext from the market daily and distributes people who BEXT staked on the platform. So, you can earn like a shareholder of Byte Exchange. They called that community-based exchange.
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When looking out for exchange platforms, I check security first then if the platform is user friendly, how fast and reliable it is.
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Personally what is first that is the look. The way toolbar is placed with primary options. Second is speed of procedure that options are also reacting and doing procedure. Third is fee. How much is it and does it change in way of value per hour or day. Good thing and what i want is the lowest possible and fastest possible. Fourth is market design and its chart look also so that would be that.
Do you have some suggestion of exchange like that mentioned?
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Try capitalwallet. Based on the criteria you’ve mentioned I think you would like it.
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I will choose a complete exchange feature, such as being able to saving or staking program, the interface is friendly and easy to use. and most importantly low trading fees. I've been using binance a lot lately
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Security statement
Withdrawal speed and deposit speed.
Less withdrawal fees
Trading fees 0%
Verification systems
Deposit alart
Withdrawal alart
Community services
24/7 support
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Binance remains the leader among centralized exchanges - 69.5% of the total trading volume takes place on this platform. In second place is the Coinbase exchange with a score of 9.3%, and FTX closes the top three (7.8%). Decentralized exchanges also have a clear leader with over $40 billion worth of trades on the Uniswap platform. Trading through the Curve and 0x protocols is also popular.
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One of the features I look for in an exchange is the speed of transactions. That's why my current favorite is Polkadex. Polkadex has a transaction speed of 500,000, which is faster than most leading exchanges.
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Speed is really important. I am annoying my orders weren't be processed at instantly. But, security is also very important. This is my first priority. I believe that CEXs have to be change to the platforms which provide infrastructure and technology for minimum necessity of Trust. I know that any centralized platform can't be provide %100 trust as blockchain. But they have to spend money and be worry about providing security and no compromise.
Byte Exchange has loyal to blockchain mindset. It has both 10 million TPS and advanced security solutions.