Be cautious with new exchanges - page 2.

Bitinity

legendary

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Quote from: Dontme on December 25, 2017, 03:32:01 AM

Quote from: Distinctin on December 25, 2017, 03:21:19 AM

I don't actually trust new exchanges, I prefer those who are existing a long period of time already because they are more trustworthy.
It's money that we are talking here so we should be careful all the time, I do traded in bittrex, binance, okex, poloniex, and etc, those are good exchanges and with good volume.

Yeah you are right because their longness in the industry makes people prove their legitimacy and loyalty. I am much more prefered to those exchangers that are already existed long period than those new now.

Long period of existency should not be the main reason why we should use the services. These days there are many issues on old exchanges such as bittrex and poloniex. So we should be cautious for new exchanges only but all exchanges. Dont store too much money on an exchange is the safest way.

Dontme

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Activity: 798

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Quote from: Distinctin on December 25, 2017, 03:21:19 AM

I don't actually trust new exchanges, I prefer those who are existing a long period of time already because they are more trustworthy.
It's money that we are talking here so we should be careful all the time, I do traded in bittrex, binance, okex, poloniex, and etc, those are good exchanges and with good volume.

Yeah you are right because their longness in the industry makes people prove their legitimacy and loyalty. I am much more prefered to those exchangers that are already existed long period than those new now.

Distinctin

hero member

Activity: 2926

Merit: 657

No dream is too big and no dreamer is too small

I don't actually trust new exchanges, I prefer those who are existing a long period of time already because they are more trustworthy.
It's money that we are talking here so we should be careful all the time, I do traded in bittrex, binance, okex, poloniex, and etc, those are good exchanges and with good volume.

1BTC EQUALS 1CAR

full member

Activity: 602

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Getting cautious in everything you do in this crypto market should be a requirement. I do that in everything and I study and hear other experiences first before trying anything like exchanges.

BillyTalent

full member

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Quote from: Franz McDinglehofmeisterb on December 05, 2017, 11:13:15 PM

Add, THIS MAY WELL BE A LEGITIMATE EXCHANGE

Saw that the highest price for btc is on topbtc.com https://coinmarketcap.com/exchanges/topbtc/

https://mobile.twitter.com/topbtc_com

Homepage is translated from Chinese using Google translate.

Somebody will think they are smart and send some coins there to arbitrage but might not end well.

Not an accusation, but people should be careful

Now any stock exchange is prone to failure, even some of the known ones have already experienced problems with this, and new unfamiliar ones even more so. Yes, and a very large number of fraud in this area, so you need to be careful.

Geurangsang

member

Activity: 294

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Chainjoes.com

I so agree with this. Now is very much fake exchange that offer above average price. We has ware to use new exchange for any reason to our security because if we have lost our coin, we can't back it anymore. It is advisable to keep using the exchange that has been trusted and recommended by many people. Do not even think about "just trying".

Maestro75

sr. member

Activity: 1960

Merit: 329

The idea in any online business engagement is to treat everyone with the eye of a suspect until they prove otherwise to you. Cryptocurrency is not exempted from such. And this is why intense research is necessary before sending money to any exchange at all. Many scammers out there seeking whom to devour.

xuan87

legendary

Activity: 1666

Merit: 1001

In crypto world every one need extra caution and popularity is very important, exchanges has been one of the sites that get low trust from the users, as we can see so many exchanges that went on scam, so don't get trick by the big arbitrage and being cheated by scammer, always look for the trusted exchanges and don't put too many coins in the exchanges

richcorner100

full member

Activity: 616

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https://exip.live/

Before i use any exchange, I always try to make small deposit first and then withdraw it. After that continue to make bigger deposit. But to be more safe I used multiple exchange because all exchange not guaranted 100% safe because mayor exchange now is centralisasi exchange which they has control with the private key.

AtlantaFive

sr. member

Activity: 594

Merit: 250

There are many new exchange now and we need to be vigilant on where to put our money or else it might go in the wrong place and we lose our hard earn money here in crypto. Whenever i make trade i always research on the exchanges before i make my deposit there.

ihaveaquestion

full member

Activity: 563

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This is what i have been trying to say since a long time.. it is plenty of weirdo exchanges all over the internet, they are working for sometime, but they they stop working and they kept all users money just saying that they got "hacked"...

cryptobull3

member

Activity: 336

Merit: 10

I'm agree with you , they are a lot of new exchanges growing every day like mushrooms!
and some of them are so abandoned that you need to wait ages to have your order done!coz no body is in there , that is why i rathereto use crowded exchanges coz my order goes fast and i don't need to wait for a long time , and some of the new exchanges have a very low security , we all need to be very careful!

parobber

member

Activity: 172

Merit: 11

Quote from: Franz McDinglehofmeisterb on December 05, 2017, 11:13:15 PM

Add, THIS MAY WELL BE A LEGITIMATE EXCHANGE

Saw that the highest price for btc is on topbtc.com https://coinmarketcap.com/exchanges/topbtc/

https://mobile.twitter.com/topbtc_com

Homepage is translated from Chinese using Google translate.

Somebody will think they are smart and send some coins there to arbitrage but might not end well.

Not an accusation, but people should be careful

I think this is just common sense with your money, also when something seems too good to be true it normally is. Before sending money to anywhere new, exchange or person or anything else it is always wise to take your time to do your due diligence. I guess though for many this is a lesson they have to learn on their own by getting burned and then they'll never do it again.

twobits

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Activity: 574

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Quote from: davidmike04 on December 16, 2017, 01:27:47 PM

Well i understand this totally and i must say the best exchange for me is binance, its like the easiest exchange to trade on, very easy , fast transactions and low transaction fees, I am definitely sticking with it no matter what new exchange might come.. Thanks for this tip

Because the majority of the big exchange sites already applied the strict rules to the users. As you can see how many people are complaining about that. Some of my friends get a lot of problem to enhanched their account to the next level, binance becomes the favourite exchange right now.

malikusama

copper member

Activity: 1050

Merit: 294

Good check mate, I appreciate your work to aware others about what you feel fishy, although whether it is a scam or not(because not proven yet) but you have done your job. Everyone should be careful if they are going to link with it.

Quote from: Franz McDinglehofmeisterb on December 10, 2017, 09:50:04 PM

Qqcoin

https://bitcointalksearch.org/topic/ann-qqcoin-scrypt-jane-asic-resistant-n-factor-multipool-resistant-389238

https://coinmarketcap.com/currencies/qqcoin/#charts

Seems to be an old deadish coin. Maybe that exchange is going to revive it the way cryptopia did dotcoin.

Yeah qqcoin is dead now and they should need to update whether they are going to revive or remove.

nicster551

sr. member

Activity: 896

Merit: 253

Quote from: John_Slater on December 21, 2017, 09:29:22 PM

Just use secure exchanges like bittrex and bitfinex

ithink you should watch exscudo exchange they will lauch in 2018 its a good project also they have a coin eon coin like binance and kucoin you should buy this coins if you want to make some good profit.

Ruz05

jr. member

Activity: 59

Merit: 10

An exchange means the transfer of one char to another or with money. The ancient Dizaman exchange of goods with other goods is called barter. This kind of economy has lasted long ago as money has not been discovered. At that time every item can be exchanged with other goods.
In terms of exchange objects can be identified three types of exchange are:

Real asset exchange (Ayn) with real asset (Ayn)
Real assets account (Ayn) with financial assets (Dayn)
Financial asset exchange (Dayn) with financial assets (Dayn)
Exchange Times.
In the network there are quite a lot of platforms for cryptocurrency exchange, which beginners can cause serious problems with siting ... Be careful when choosing exchange bonus or with crane.

wayaneka

full member

Activity: 644

Merit: 101

To be more safe use only mayor exchange to trade before know about review of that new exchange, use mayor exchange like Bittrex, Bitfinex, Binance, Poloniex, Kraken, Bitstamp is more safe than new exchange. All centralized exchange should be has any regulation to protect trader from any fraud include new exchange.

John_Slater

jr. member

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Just use secure exchanges like bittrex and bitfinex

macchiato

full member

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Yes because just recently, some exchanging sites got hacked and there are several victims of this happening. A lot of people loss their money upon entering this site so to be extra careful, try not to risk your money by not accessing this sites just yet.

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