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chirinemannai

How to choose a trading platform

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Reputation is a must thing that we need to check before we choose the exchanges because with a good reputation, the exchange will not have a problem, and we can trade without any bad feeling. The fee of trading is not a problem because as long as we can make a profit from trading, the fee itself will not be too big, and we still get the profit. The fee of withdrawal will not be a problem too because we can convert bitcoin to altcoin, which has a low fee to make a transaction so we can sell the altcoin when it arrives in the destination wallet.

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On 1/14/2020 at 8:43 AM, Zahid Hasan said:

You can find out more about this on various YouTube websites, to get a better idea of whether the platform you are using is real or fake or a scam platform.

Yes you can find everything on youtube ans see a lot of tutorial to know how to trade on any exchange and choose the best one for you ,but if I can give you a advise you can choose Binance Bittrex Yobit

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On 10/25/2019 at 10:43 PM, iloveyobit said:

there is a site who is classifying the exchanges from the best to the worst : 

  • volume capacity
  • security level 
  • support respond level 

Yes ..choosing th best trading playform is a very important factor that indirectly affects on the profit or loss we get..and to find out the best platform one can search the top trading platforms on the google.or the sites are available who provide us the best platfroms to worst platform.

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1 hour ago, Shahud said:

Yes ..choosing th best trading playform is a very important factor that indirectly affects on the profit or loss we get..and to find out the best platform one can search the top trading platforms on the google.or the sites are available who provide us the best platfroms to worst platform.

Yes of course, even if you are not a professional in choosing platforms, Google offers you best suggestions according to people's opinions and many of the criteria.

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On 10/26/2019 at 11:24 PM, Wrath said:

The best way to choose a good trading platform is by asking around online, asking question about the trading platform support service how good it is, how is their trade volume if you are a big player, check to see if many people have had problem with the platform and ask on the deposit and withdraw how good it is, asking these question will keep you from bad exchanges.

Truly I agree with you before you want to trade online  do alot of research and finding inorder to trade successfully

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On 10/20/2019 at 11:14 PM, chirinemannai said:

It is important to do some research before starting trading. Here are some things to check before making your first trade.

Reputation - The best way to know the reputation of the trading platform is to search through reviews of individual users and sites from the same well-known domain. You can ask any questions you may have in the forums
Fees - Most trading platforms must have fee-related information on their websites. Before you join, make sure you understand the deposit, transaction and withdrawal fees. Fees may vary greatly depending on the platform you are using.


Payment Methods - What are the payment or shipping methods available on the platform? Coins and Bitcoin only? Credit and debit card? Bank ext? PayPal? If there are limited payment options on the exchange, it may not be right for you to use them especially if you want to buy bitcoin for the first time.

Remember that buying cryptocurrencies using a credit card will always require identity verification and comes at an additional price as there is a higher risk of fraud and higher transaction and processing fees. Buying cryptocurrency via wire transfer will take much longer since banks take too long.


Verification Requirements - The vast majority of Bitcoin trading platforms in the world require some kind of identity verification in order to make deposits and withdrawals or increase the withdrawal limit. Some platforms will allow you to stay anonymous. Although verification, which may take up to a few days, may seem like a pain to the user, it protects the exchange from all kinds of fraud and money laundering.
Geographic restrictions - Some functions offered to users can only be accessed from some countries. Make sure that the platform you want to join allows full access to all the tools and functions of the platform in the country where you currently live.For our explanation, we have chosen for you the digital currency trading platforms that support the countries: UAE, Saudi Arabia, Kuwait, Qatar, Oman, Egypt, Algeria, Tunisia, Morocco. While some Arab countries remain excluded from dealing in these platforms and the solution remains the centralized cryptocurrency trading platforms that support all over the world.


Exchange Rate - Different platforms have different rates. You will be amazed at how much you can save if you buy. It is not uncommon for prices to fluctuate by up to 10% and even more so in some cases.

You should put on  a good amount of research before choosing a trading platform. You should choose which site is paying high crypto when trading. Also you should go for  volume capacity of the site. You should also go for strong security site.

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First thing you see is about listing coin and volume, if too low just leave it. Second thing is see their terms of use and policy, some platform trading reject country depend their analysis. Last thing is check their minimum deposit and withdraw because every trading platform have different limit.

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You have good explanation but until now people more focus about KYC, volume and withdraw process. They don't care about rules detail specially about safety and real support contact. Get profit fast is majority people want but we must have barrier to avoid scammer or fail transactions.

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Yobit is the best platform to choose for trading.also check the rate of currency you are about to trade because the price differs daily.

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I think before choosing any trading platform need to analyze the security and the transaction fee of that platform.security is very much needed first to avoid any kind of loss.

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1 hour ago, pesinli said:

Search for the main 10 locales on Google and pick out all and sundry of them firstly you gotta analyze about the change at that point continue to dedication of the toens

I think he can get much knowledge from this forum and in google he can get some platform but they may be good at all. I think yobit exchange is good.

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I think everyone have different mind to choose what trading platform they choose. I this time only choose exchanges where don't required to doing KYC and have small fees for withdraw. So if something bad happen i can withdraw my coin soon. Also i only choose exchanges have active trader there, so i can buy and sell coin in short times.


Please don't spam this forum!

Give me 💙 if my post helpful

Thank you.

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On 10/20/2019 at 7:40 PM, Zzoro6110 said:

The best platform Yobit they offer me the best offers I want such as the speed of buying and selling

Yeah you are very correct  I love yobit  too because if it's enhance  features for it user

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Just now, MuhammadMuddassir said:

as choose an platform then you need to know the skin and the trade fee also the removal fee. I prefer you to use yobit platform for better presentation.


5

Yes you have to know the rules of every platform  you are trading with  because  some of this platform  also  have to high  withdrawal fees why some others are not too high 

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I chose the platform excahnger in terms of fees and cryptocurrency volume, in my opinion both of which are very important for trading. Although it depends on what the user needs, for example there are those who do not like KYC then they prefer a platform that does not require users to provide an identity.

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I think yobit exchnage is the best option for trading. But other plateforum are be present in which u should trade in large scale.

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If you are going to trade in the crypto market then just trade in the margin trading because margin trading will give you good profit in the market and start trade on just the BTC because BTC will move fast than the other coins.


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Useful information. Yes, you are right that all must be based on research first, before making risky trades. I have been trading yobit for a long time because trading costs are quite low, safe and easy to use. Choosing a trading exchange platform is also very important.

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Well for me the best way to have or to choose trading platform is through research and reading some review and also you can try to trade and if this really good.


5$ E-book That Will help or change you to be a Successful! 

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On 20.10.2019 at 21:40, Zzoro6110 said:

The best platform Yobit they offer me the best offers I want such as the speed of buying and selling

It is not suitable for everyone, I have heard that in some countries it is blocked and even if you use it through the VPN, it will be difficult to withdraw money

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binance and yobit are great platforms for trading. and don't forget to see the exchange rate differences in each exchange
 

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On 10/20/2019 at 6:29 PM, chirinemannai said:

It is important to do some research before starting trading. Here are some things to check before making your first trade.

Reputation - The best way to know the reputation of the trading platform is to search through reviews of individual users and sites from the same well-known domain. You can ask any questions you may have in the forums
Fees - Most trading platforms must have fee-related information on their websites. Before you join, make sure you understand the deposit, transaction and withdrawal fees. Fees may vary greatly depending on the platform you are using.


Payment Methods - What are the payment or shipping methods available on the platform? Coins and Bitcoin only? Credit and debit card? Bank ext? PayPal? If there are limited payment options on the exchange, it may not be right for you to use them especially if you want to buy bitcoin for the first time.

Remember that buying cryptocurrencies using a credit card will always require identity verification and comes at an additional price as there is a higher risk of fraud and higher transaction and processing fees. Buying cryptocurrency via wire transfer will take much longer since banks take too long.


Verification Requirements - The vast majority of Bitcoin trading platforms in the world require some kind of identity verification in order to make deposits and withdrawals or increase the withdrawal limit. Some platforms will allow you to stay anonymous. Although verification, which may take up to a few days, may seem like a pain to the user, it protects the exchange from all kinds of fraud and money laundering.
Geographic restrictions - Some functions offered to users can only be accessed from some countries. Make sure that the platform you want to join allows full access to all the tools and functions of the platform in the country where you currently live.For our explanation, we have chosen for you the digital currency trading platforms that support the countries: UAE, Saudi Arabia, Kuwait, Qatar, Oman, Egypt, Algeria, Tunisia, Morocco. While some Arab countries remain excluded from dealing in these platforms and the solution remains the centralized cryptocurrency trading platforms that support all over the world.


Exchange Rate - Different platforms have different rates. You will be amazed at how much you can save if you buy. It is not uncommon for prices to fluctuate by up to 10% and even more so in some cases.

Thanks for your contribution, this as added to my skills in trading.👍🏻

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2 hours ago, Loly said:

عند اختيار منصة تداول ، يُنصح باستخدام منصات التبادل في نفس البلد الذي تعيش فيه ، لأن ذلك قد يسهل الامتثال للتغيرات التنظيمية في البلد.

You're right, buddy. 
In view of the embargo imposed on many countries, it has become important to choose a trading platform from the same country we live in. 
As for countries that don't have their own platforms, a decentralized platform should be chosen to avoid prohibition and lose everything.

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Suzuki's colleague, Cabinet Secretary Yoshimasa Hayashi, delivered almost the same speech word for word. However, he added that the authorities "will take appropriate measures regarding excessive currency movements", hinting at another currency intervention.   This hint from Yoshimasa Hayashi scared 60% of experts who voted for the pair's southward movement and yen strengthening, 20% pointed north, and 20% took a neutral position. The opinion of the indicators is unambiguous, as they have never heard of interventions. Therefore, all 100% of trend indicators and oscillators on D1 are green, although a quarter of the latter are in the overbought zone. The nearest support level is around 160.25, followed by 159.20, 158.65, 157.60-157.80, 156.60, 155.45-155.70, 154.50-154.70, 153.60, 153.00, 151.90-152.15, 150.80-151.00. The nearest resistance is in the 160.85 zone, followed by 161.30 and 162.50.   In the upcoming week, the calendar highlights Monday, 01 July. On this day, the Tankan Large Manufacturers Index will be published. No other important macro statistics regarding the state of the Japanese economy are planned for the coming days.   CRYPTOCURRENCIES: Causes and Consequences of "Black Monday" on 24 June     Monday, 24 June, presented investors with a very unpleasant surprise – on this day, bitcoin's price fell below $60,000 for the first time since 03 May, reaching $58,468 at one point. Ethereum, in turn, fell below $3,250. Analysts highlight several reasons for the active sell-offs, noting that they reflect overall instability in global financial markets and uncertainty about monetary and regulatory policies in several leading countries, especially China and the US. However, there are also more specific factors that contributed to the development of the bearish trend.   In mid-June, the German government began selling off a huge amount of bitcoins (about 50,000 BTC) confiscated in January. Panic sentiment sharply intensified after the announcement on 24 June that creditor payments for the bankrupt crypto exchange Mt.Gox would begin in early July. The total amount of funds to be distributed among former clients is 162,100 BTC, roughly $10 billion. Bitcoin responded to this news with an 8% drop. It’s no surprise – such a volume of coins flooding the free market can seriously knock down prices. In the derivatives market, long positions worth $177 million were forcibly liquidated, and the total financing rate for futures contracts turned negative for the first time in June, indicating that sales exceeded purchases.   It is precisely on the expectations of Mt.Gox debt payments that the flagship crypto asset's quotes reached the lowest level in the past eight weeks last Monday. In this situation, two things are encouraging. Firstly, the deadline for repayment falls on 31 October, and it's possible that payments will be made in parts over four months rather than all at once. And secondly, there is hope that not all creditors will rush to convert their bitcoins into fiat, but will hold onto them, hoping for price growth.   In addition to the above, BTC miners exerted some downward pressure on the market. It became known that their coin reserves reached a 14-year low, as they had to sell a significant amount of BTC due to the April halving to cover operational expenses. Recall that the cost of mining bitcoin, according to JPMorgan analysts, is $53,000. Historically, this cost level is a strong support for BTC/USD. However, even in March, JPMorgan did not rule out that after the halving, bitcoin could temporarily fall to $42,000.   In the absence of positive signals, the demand for spot bitcoin ETFs continues to decline, major market participants slow down their activity, and start to take profits. This also pressures the prices. CEO of investment company CryptoQuant Ki Young Ju calculated that over the past two weeks, bitcoin whales and miners set a record by selling coins worth $1.2 billion.   According to 10x Research, all last week, US spot BTC ETFs recorded investor outflows, and on 21 June, net outflow exceeded $105 million. 10x Research believes that bitcoin will now need to find a new price range to stabilize the decline and then find growth catalysts. In the medium term, according to 10x Research analysts, it is not worth expecting BTC to return above $70,000.   Popular analyst Matthew Hyland noted that the combined bitcoin balance on centralized exchanges reached a multi-year low. In theory, this could be seen as a bullish signal, but the crypto market leader is not yet eager to show an upward trend. Naturally, the publication of key US economic data could serve as a vector for further cryptocurrency movements. If the Fed takes its first step in easing its monetary policy in September, it could support risky assets, including bitcoin. According to Cryptology experts, the chances of bitcoin reaching a new all-time high by the end of September are quite high, and what is happening now is a phase of accumulation.   Despite the current decline, many investors remain optimistic, citing the cyclical nature of the crypto market. They also do not forget about the US elections. For example, former Goldman Sachs CEO Raoul Pal predicted significant bitcoin and cryptocurrency market growth in Q4 2024. In an episode of The Wolf Of All Streets podcast, the financier noted that risky assets like bitcoin usually rally against the backdrop of US presidential elections. "The final quarter of an election year is a real 'banana zone' for all assets. It always is," Pal optimistically stated, noting that the "banana zone" for cryptocurrencies in autumn is much more pronounced than, for example, for the Nasdaq index.   Bitcoin was also supported by billionaire Michael Saylor. His company, MicroStrategy, is one of the largest bitcoin holders in the world, with 205,000 BTC on its balance sheet. Despite the negative trend, it increased its reserves by another 11,931 BTC (over $700 million) in the past month alone. Saylor is convinced of the first cryptocurrency's ability to grow to $10 million with support from China and other factors. He believes that in the future, governments, especially China, will fully embrace the first cryptocurrency and integrate it into the state infrastructure. The entrepreneur declared all pre-bitcoin economic instruments obsolete. "Before Satoshi Nakamoto, economics was a pseudoscience. All economists before Satoshi tried to develop economic laws with shells, glass beads, pieces of paper, and credit instruments," the businessman wrote, calling bitcoin a "perfect asset."   In previous reviews, we already wrote that the launch of exchange-traded spot ETFs on Ethereum could give a certain boost to the digital asset market. On 25 June, SEC (US Securities and Exchange Commission) Chairman Gary Gensler noted that the registration process for new ETFs is "going smoothly," and the approval date depends on how quickly applicants submit adjusted S-1 forms. Bloomberg analysts call 02 July the expected approval date for new products. Reuters, citing anonymous sources, reports that a consensus has been reached between fund managers and the SEC in negotiations, and only the "final touches" remain.   Co-founder of venture company Mechanism Capital Andrew Kang stated that after the approval of ETH-ETF, Ethereum's rate could correct by 30%, falling to $2,400. In his opinion, at this stage, the main altcoin attracts much less attention from institutional investors compared to bitcoin. Based on this, ETH-ETF will attract only 15% of funds compared to what BTC-ETF received at the start.   Kang noted that to increase Ethereum's attractiveness among investors, its ecosystem needs to be positioned as a decentralized financial settlement layer, a global computer, or a Web3 application store. At the same time, it will be difficult to sell new ideas for Ethereum's application to funds, as the asset is perceived by investors as an overvalued stock of a large technology company.   Significantly more positively views the future of Ethereum Matt Hougan, CIO of Bitwise, a company managing cryptocurrency funds. In his opinion, the appearance of a long-awaited exchange product is undoubtedly a positive factor, and the net inflow of investments into ETH-ETF over the first 18 months will amount to $15 billion. In his analysis, he relies on the experience of Canada and the EU, where in similar products the inflow ratio for Ethereum and Bitcoin is approximately 1 to 4 (i.e., 25%). In other words, if in the first quarter of work for spot Bitcoin-ETF the total inflow was $26.9 billion, for Ethereum it is expected to be at the level of $6.7 billion. In this case, in three months of work, the leading altcoin could rise to $4,400-5,000.   CEO of SkyBridge Capital Anthony Scaramucci believes that the price of Ethereum could rise even higher, reaching $10,000-12,000. Regarding bitcoin, the entrepreneur allows for its growth to $170,000-250,000. The main driver, in his opinion, will be the further institutional acceptance of cryptocurrency. Scaramucci called the approval of spot exchange ETFs an important regulatory barrier breakthrough for attracting new capital. Thanks to this, in his opinion, the share of digital gold in the portfolios of major players will soon be about 3%.   As of the evening of Friday, 28 June, BTC/USD is trading at $60,190, and ETH/USD is in the $3,390 zone. The total crypto market capitalization is $2.24 trillion ($2.34 trillion a week ago). The bitcoin Fear & Greed Index (Crypto Fear & Greed Index) has dropped from 63 to 47 points over the past 7 days, moving from the Greed zone to the Neutral zone.   In conclusion, here is another observation from Matt Hougan. The CIO of Bitwise presented three reasons why long-term investments in both bitcoin and Ethereum are more advantageous compared to investing only in bitcoin. These are: 1. portfolio diversification 2. the opportunity to earn on very different ecosystems and 3. economic benefit.   Considering the difference in the capitalization levels of bitcoin and Ethereum, Hougan believes that 75% of the capital should be invested in BTC and 25% in ETH. According to calculations, over the period from May 2020 to May 2024, the yield of such an investment portfolio is 3% per annum higher than one that only contains bitcoin. However, Hougan acknowledges that in the shorter term, a portfolio including 100% BTC outperforms a diversified one. Moreover, investing only in bitcoin carries fewer risks due to its higher market capitalization and features such as limited coin issuance and a phased reduction in the inflation rate to zero.   NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
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