Post
Topic
Board Trading Discussion
Re: How do you define a good exchange?
by
asus09
on 13/02/2021, 08:00:09 UTC
Hello to all the Bitcointalkers!

Because it is my first post, I have, at least, to present myself in several words. I am a coins/tokens dev and web developer full stack.
After several years of crypto experience, I decided to create my own project. It is not a coin, nor a token (there is already plenty of ERC20 tokens and coins), it is a cryptocurrency exchange.

There is already some exchanges available on the web, but I would like to build one which may fit to Bitcointalk users, it's why I opened this thread, and ask you today what do you like the most in crypto exchanges, as well as the things that you dislike. It can be specific features, themes, properties...
I want to build a good exchange, and for that I need to know your preferences.

Waiting for your replies Smiley
Lugdunex

in my opinion the qualities that an exchange might have higher security, if the exchange have high security many traders will be using that specific exchange, secondly the exchanges have good and easy to use when trading a specific coin. when it comes to kyc, i recommend not to put kyc because it is not fair for customer to get their own information.
But sometimes kyc is more important if we think about security. As you mentioned about security then you can't regret the importance of kyc. Besides, low fees, instant withdraw, user friendly and high quality support is needed for a good exchanger.
KYC advantage we can withdraw above 2 btc every day and arbitrage trader is needed when buying coin on one exchange then selling to other exchange, almost my exchange account have pass KYC to make my account more secure and only with Hotbit still not verify because I use Hotbit some time when received payment from bounty campaign only, for trading always with Binance, Kucoin and my local exchange to withdraw assets.