Post
Topic
Board Trading Discussion
Re: What are your key reasons of choosing a particular exchange for trading?
by
wuvdoll
on 17/12/2018, 04:12:01 UTC
1. What are your personal the must-haves for an exchange to be of any interest to you?

2. Is low volume and liquidity a big "no go" to you? Or do you approach such exchanges as potential interest for market making or arbitrage (small exchanges are responding to volatility slower and this may give some good arbitrage opportunities), etc.

ps: we are launching a new crypto-to-FIAT exchange (starting with /EUR pairs) and would love to get tips from the crypto community on their needs in order to built durable exchange.
The ease of usability and the lack of KYC. If I have to give you my information to do anything on your website I will not be involved with it, I don't care if thats the law, you have to follow the law where you are based on, I don't have to follow your laws since I am not living there. Hence I try to select the highest number that I can trade without giving any information at all.

Binance is great on that front, I can trade as much as I want and still not give any info at all, their limit is way above what I have in bitcoin. Also the amount of coins are important too with volume of course, there are many places like cryptopia that has many coins but they lack volume so it makes no sense, however binance has a lot of coins and all of them have healthy volumes too.