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How to choose a trading platform

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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.

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

  • volume capacity
  • security level 
  • support respond level 
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I think you should check the liquidity of that platform first because with low liquidity you cant trade as good. And also something that a lot of you forget is reading the terms of the exchange because some exchanges have hidden agenda in there.And also check if your country is banned or not

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7 hours ago, Mabdulkadir said:

Very easy but good points highlighted you indeed a genius you helped me a lot in understanding the volume of a trade, Security level, with your support

no need dude , we are here for help each other with information that we have 😉 , and please feal free to quote me or send me a message if you needed somthing , good luck 


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I just prefer to watch how popular this platform is. Binance for example is a great variant. I think that the worst thing in trading is when you wait 2 hours before your coins will be sold, even if you clicked quick sell.

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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.

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7 hours ago, lovesybitz said:

We consider also the liquidity of the platform. But most of them are already good in terms of liquidity. In short, transaction made their is really smooth and easy. Unlike before, trading is so hard because there is no liquidity provided by exchange. 

I think if you are not reading terms and policies, you are noob in trading. Since it is the first hand activity that a certain trader need to accomplish before executing trades. 

yea exactly a lot of newbies don't read the terms of any exchange but rather just sign up and then deposit their coins there. And if we comapre exchanges now and back then we will notice how poloniex and bittrex used to have all the market liquidity but now they're both having less than 1000 bitcoin trading volume per day.

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1 minute ago, lovesybitz said:

As a matter of fact, that is only my attitude when I joined the trading before. But unlike with others, I still read even in scanning mode. Cryptocurrency is full of terminology and we need to understand them all because we are the loser if we don't know such policies just like having KYC and 2FA before withdrawal. 

Yes thats right we all been newbies before but we learned from it and now I read the terms like I'm taking an exam on it. Became this is where your investments shall be for a while and you don't want them gon because you missed reading the terms.

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You need to do some research before choosing a trading platform to make sure you get the safest and most practical platform you can get. Trading volume is an excellent indicator of the reliability of the exchange platform and the direction that certain tokens will take in the future.

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The first time I trade, I try to register in many exchanges I found, and I don't try to take a look at how to trade with the right. After that, I choose the exchange that I can feel comfortable because I cannot trade with well if I cannot feel that. The platform, the fee, and the time for deposit and withdraw is another thing that I don't have to concern because I think almost all exchange will have the same method. And for KYC, I think almost a big exchange uses this to verify their members, and I think you can search the other exchange if you don't want to do KYC.

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I think you should check the quality of the platform first so that you can understand what that platform is, because with very low quality you cannot trade well. So you have to check the quality of the platform first.

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Thank my dear brother for sharing us with these good things about trading and I think these all knowledge is very important for new commer trader becasue they have no idea about that how to choose a good platform for trading.

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While choosing the platform and service for trading, the most important factor for me is the security and the time to reach the technical support team. After these two important factors, such as transaction volume, transaction commissions, payment speed, transaction speed and ease of use can be listed. Even though ease of use is an important factor, I do not prefer applications that do not meet the first two factors but are easy to use.


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Very interested in a good platform for trading bitcoin - the dollar?!and what is the minimum contribution to be

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Each platform has it's advantages and disadvantages. the trading platform changes according to your trading strategy. besides, to choose a good platform we have to look at the level of security and also the volume of trading. 


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While choosing an platform then you need to know the features and the trading fee also the withdrawal fee. I prefer you to use yobit platform for better performance.

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On 11/19/2019 at 5:12 AM, Hanhassie said:

You should check the fee been charge when you trade and when you are trying to withdraw, the first thing to check when choosing an exchange is the fee

what you will do with fee if the platfrom support is very bad and didnt respond to you in the time , what about the volume of trading ? i think you should review your standards for choosing a platfrom 


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Trading platform choosing is not so easy. But you can get help from coinmarketcap. There you will get all trading platform based on their ranking and your all confusion will get removed. Because only real platform are listed there with their daily volume and You can chose easily your favourite one.

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6 hours ago, Hanhassie said:

A platform having a good fee will still have a good trading volume and support. Even the top exchanges has problem when it come to support

i think you are wrong, i know some exchanges with no trading fee but they still very bad , in the same time binance have a high trading fee but they are number 1 in the world  . 


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2 hours ago, Hanhassie said:

I didn't say all are good. For sure some will lower their trading fee just to have more traders on the platform, so traders look for discount while some for safety

generally those exchanges with no volume are very bad and i hate them , You find traders running away from them so they died slowly with time . 


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I think the important things to make us comfortable on some trading platform was the time response on each order and also taker and maker fee that reasonalbe or have some discount if hold some native coin like Binance coin beside that some people really love doing margin so It's depends on your need.

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You can choose them by the popular rank or service rank they have earned after some type providing their services. How popular they are depends on how good they are also with their services!


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