I am a trader or at least that is how i see myself. I trade on binance, okex, idex, mercatox, bittrex, houbi and some other exchange. Lately i notice a lot of new crypto exchange popping here and there. And as much as i know and safe guard my password and secure my account with 2fa, I am still curious of the factors other traders consider when they are signing up on a new exchange. Would love to know some of your key factors so i might look into those too.
When I was a newbie I never had time for all these all I did was just go to Google and search for the top ten cryptocurrency exchanges and there you have it . You will mainly see exchanges like Coinbaee and Binance pop up and they a re both good exchanges and highly recommended by lots of people.
I started mine with Coinbase and later moved to Binance as well. I have account on both platforms but usually make use of Binance the most. They are both good exchanges. So if you dont want to stress yourself by looking through all these points that are being mentioned here, just go for the popular exchanges and thats it.
Obviously, almost all of us tend to choose exchange which gains more popular than others. Actually, a number of exchanges are created every single day, it includes both bad and good exchanges, so it's not easy to choose a new good exchange. Often mostly people choose a dominant popularity exchange in order that they may feel less of worry. Nothing can be sure in something which connects with the Internet, but if you choose a better reputation, the security may be much better.