Post
Topic
Board Trading Discussion
Re: Which exchange do you use???
by
Ultegra134
on 24/02/2021, 22:12:10 UTC
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I always use Binance as i have many useful tool found here. I have many pair to trade there and leverage trade as well. However you may choose other exchang. Wanna know yours???

Like you, I'm a big fan of Binance as well abd haven't had any issue with the exchange in the last 2-3 years. Aside from the occasional outages and maintenance especially at times when there's an increased volatility in market prices, I haven't had problems with binance. I'd like to point out that it sucks when these outages happen because I can't close out my positions and get presented with liquidation notices. That's one area binance has fallen short in recent times.  I'm currently considering trying out a new exchange, possibly Houbi. Not because Binance is bad because I heard there are other promising projects that are listed there which aren't available on binance. So I just want to take advantage of it.

Btw, you forgot to mention ftx. It's a good exchange and with zero withdrawal fees which can save users a lot of money.



Those are the exact reasons I've actually moved some of my money to Binance. The fees are quite low, thus you can save quite a lot of money in the long term. Currently, my main Exchange is Bitstamp, the fees there are outrageous for the average user/trader (0.5%). I was actually shocked to see how much I've spent on trading fees.

I've also used Kraken in the past, which isn't bad at all, the fees are alright. However, I'm not really fond of the layout, plus they often have downtime on bull market incidents.