Post
Topic
Board Altcoin Discussion
Merits 18 from 10 users
How to choose exchange. My experience
by
cryptolord2077
on 02/06/2018, 16:00:30 UTC
⭐ Merited by r1f696 (5) ,LiluSG (2) ,becapital (2) ,rolik2001 (2) ,dgross0818 (2) ,Rookie29 (1) ,Apple4myCat (1) ,moepaing (1) ,jokowi (1) ,milewilda (1)
Hello! I have been participating in the bounty since March this year. And I want to share my experience with the use of crypto-exchange exchanges.
At the moment, I have about 60 paid bounty coins (most are not yet traded, and I have already sold some). And about 80 coins with paid airdrops.

Let's start

1. https://www.binance.com/

The exchange on which I sold my first tokens. Exchange of high quality and high level of security. But it rarely happens on the listing of coins.

   Pros:
  • low commissions of trade
  • fast
  • intuitive interface
  • high level of security
  • large volumes

   Minuses:
  • little tokens we need, they do not often leaf it
  • commission for the withdrawal of at least 0,01 ETH, keep in mind if you want to merge a small amount

   Conclusion: I recommend for constant trading


2. https://forkdelta.github.io/

Exchange fork etherdelta, they have one smart contract. The exchange is similar to a drain pit. Many of those coins that have not yet entered the normal exchanges are traded, usually not large volumes. The price is often much lower than the ICO. I prefer to use this exchange only as a last resort, it is better to wait for the coin to exit to a normal exchange and sell at a higher price.

   Pros:
  • low commissions
  • verification is not needed for withdraw
  • a lot of tokens

   Minuses:
  • no intuitive interface
  • sometimes slows down

   Conclusion: I recommend in cases when you need to merge a coin into which you do not believe or buy cheaply the one in which you are sure.


3. https://idex.market/

One of my favorite exchanges. Good volumes. I would recommend that novices take a closer look at it. Of course, not without flaws.
   Pros:
  • low commissions
  • verification is not needed for output
  • a lot of tokens
  • good volumes
  • a fairly clear interface

   Minuses:
  • laggy, sometimes strongly
  • sometimes you have to wait for transactions
  • the minimum amount for an order  0.15 ETH (keep in mind at small volumes)

   Conclusion: I recommend for constant trading


4. https://hitbtc.com/

Exchange with a suspicious reputation and good volumes. Personally, I have no problems with this exchange. I sold on it several types of coins, including the unsuccessfully sold MTC which is now very much increased in price.

   Pros:
  • verification is not needed for withdraw
  • a lot of tokens
  • good volumes
  • friendly interface
  • there is a demo version of the platform

   Minuses:
  • is very slow on the list of tokens
  • a lot of feedback about the delay and freeze of transactions
  • if the network is overloaded, there is a risk that ETH can hang for 4 weeks (they warn about it)

   Conclusion: I recommend for trading carefully


5. https://www.kucoin.com/#/

KuCoin - the Hong Kong stock exchange Crypto-currency. Fast and safe.

   Pros:
  • a lot of currency pairs
  • fast
  • low commissions
  • friendly interface
  • verification is not needed to withdraw up to 2x BTC
  • mobile application
  • it is possible to receive income by storing  tokens on the balance

   Minuses:
  • not convenient graphs for analysis
  • the minimum commission for withdrawal 0,01 ETH

   Conclusion: I recommend for constant trading


6. https://trade.qryptos.com/

The Japanese exchange of crypto currencies is known primarily as a large exchange operator QUOINEX. Does not support fiat currencies.
Registered for the sake of one coin, as a result of 3 weeks waiting for verification to withdraw.

   Pros:
  • low commissions

   Minuses:
  • verification is necessary for withdrawal (2-3 weeks)
  • no intuitive interface /li]
Conclusion: I do not recommend it. You can trade, but before the deposit go through verification.


[!] In all listed above exchanges there is a way of 2 factorial authorization ALWAYS use it!
[!] Add all exchanges to bookmarks, and never go from search engines!
[!] Three times double-check the purse number before deposit and withdrawal.

Useful links:

Boat notifying about the listing of coins: https://t.me/coin_listing
Service in which you can set up alerts for interesting coins, their volumes, exchanges: http://icowatchdog.com


These are not all exchanges with which I happened to interact, the post will be updated.

Thank you for your attention.
Sorry for the mistakes in my English. I just want to share my experience.