Do you trust in new crypto-trading apps?

princerepon

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Quote from: yana.lis on April 04, 2019, 12:40:20 PM

Can we trust some new crypto-trading apps or it's better to trade with good known Binance, Poloniex, Bittrex.. ets?

Now days it's really hard to trust any kinda app for trading. I saw some couple of crypto trading apps but honestly i didn't trust them purely. But yes near future we'll saw some that kinda app you are talking about. But till then it's better idea to trade that platform which you trust. Because here in crypto world trust is a most valuable thing at this moment.

coinhunt

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Well, that's not that easy to answer this question. From the one hand, I would prefer to stick to reputable and reliable exchanges like Coinbase, CEX, or Poloniex. But on the other hand, if these exchanges decide to launch their new trading platforms, I am ok with it too. For example, Coinbase and CEX created pretty good new products — Coinbase Pro and CEX.Broker, https://cexbro.com/.

Gridness

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I do not like crypto trading applications, i still using web version because easy.
The Apps i used just to looking the price.

HELLOFF

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I think that if there is an official version of the application of one or another resource, then I think that there should not be any problems. The security of this company extends not only to the website, but also to their official applications.

mr_random

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Quote from: Marnihughes82 on August 02, 2019, 11:38:08 AM

Maybe the future of these applications will be better. But now I still believe in more famous exchange like binance, applications that can be buggy and deceptive

Binance app has disturbing features like logging out a user after 1 inactive day. I prefer to use trading applications like Tab-Trader in order to get the minimum ping on each order. For trading apps, there are security implications like trading password, second 2FA and much more. Trading-wallet type crypto applications are not safe because of the required permissions before installing the app to phone. I prefer to bookmark the link to the exchange and if the site is not mobile-friendly I use the desktop mode function of the firefox browser.

vintages

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Personally, I won't want to take that chances.
Perviously, when cryptocurrency started out, any trading platforms established then where really worth it. And they where set up by quality developers who started the coding from a scratch.
Now, many people just purchase scripts without any knowledge of what to do when the sites is been affected by bugs. I rather stick with well known exchanges, the risks is not advisable.

Marnihughes82

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Maybe the future of these applications will be better. But now I still believe in more famous exchange like binance, applications that can be buggy and deceptive

Questat

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Quote from: yana.lis on April 04, 2019, 12:40:20 PM

Can we trust some new crypto-trading apps or it's better to trade with good known Binance, Poloniex, Bittrex.. ets?

It's really up to you, although new exchange are riskier to use but we should not assume we will be scam.
Just limit the amount you risk, and always read the feedback regarding the exchange.

Spaffin

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In any case, we must go this way to test the application of these resources. In the same way, Binance and other cryptocurrency exchanges at one time conducted. Only thanks to the new information that can be obtained during testing, we and other cryptocurrency users will be able to navigate when choosing high-quality trading platforms.

maxreish

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Quote from: yana.lis on April 04, 2019, 12:40:20 PM

Can we trust some new crypto-trading apps or it's better to trade with good known Binance, Poloniex, Bittrex.. ets?

We can't say they are trusted if we won't test their apps. New crypto trading apps are just started to gain reputation and trust, thus if they want to earn that then stick to their platform and objectivd as a trusted one with high security. We can test their apps by trading a small amount of money and if they have really good services, then we can determined it. But if you have doubt in new crypto trading apps, just prefer the old ones like Binance, etc.

Lanatsa

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If these Crypto trading apps came from reputable sources or exchangers then I would trust it up but for unknown ones? I wouldn't tend or risk to try it up.

Making your own research would always be the best thing to be done or make it as a habit if you do plan on engaging into something which aren't you familiar.

barbara44

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Quote from: ?? on ??

Actually I never had much trust in new trading platforms. Not that I don't like new things but these new platforms and apps appear so fast and many of them are not trustworthy and there are not even ways to check them. This is something I'm very careful with.

This is same way I feel too and this is what has been affecting many investors too. I think most of them are not really sincere with their intention, and I believe that their intention is just to some and make money like every other scam projects without delivering a very quality projects to its users.

I also think that there are still enough trading applications in the market which we may not need new ones for now, because there are no much new users, and before they can ever attract the already existing users to leave their various exchanges to come on their platform, they must have that special features that exchanges like Binance and the rest does not have, otherwise, they will just be wasting their precious time in creating a platform that will not be used.

michellee

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Quote from: yana.lis on April 04, 2019, 12:40:20 PM

Can we trust some new crypto-trading apps or it's better to trade with good known Binance, Poloniex, Bittrex.. ets?

I think it's better to trade with the well-known exchanges like the website you mentions. But we can use the crypto trading apps to trade so we don't have to stay in front of our computer to trade. The reason to use the crypto trading apps is for helping us to stay alert from the market movements so we can go anywhere we want, and we can always watch the market, and if necessary, we can buy or sell any coins.

voltesbit777

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Quote from: yana.lis on April 04, 2019, 12:40:20 PM

Can we trust some new crypto-trading apps or it's better to trade with good known Binance, Poloniex, Bittrex.. ets?

Well, honestly I'm not easily get believe in a new crypto trading. Of course there is a bit research to make that I need to do first, because none of us don't want to make mistakes, I'm not saying all new crypto trading apps are not good, of course not! I am just giving a reminders that we need to be careful in every exchange which we are going to enter with.

Zemomtum

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CitizenFinance.io

We need to be extra careful and watchful before integrating your API to any newly developed Apps. The chances of loosing funds is pretty easy unless there is anyone that have insurance of users fund. Don't be tricked with the term commonly used that 90% are in cold wallet or whatsoever. Trade in the exchange platform directly and if an App can sustain without any attack for a minimum of two years, someone might be looking towards that direction to just try it with little fund.Not all your portfolio at once until the confidence is gradually developed.

rhodelmabanal

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Quote from: ?? on ??

I think that it is not necessary to trade on little-known exchange, because we have a proven exchange. Perhaps there is nothing wrong with them, all it started small, but I'd rather trade on the Binance.

Binance is a very reputable exchange, so we need not to find another exchange who can't even compete with. It has been popular for so many years and now binance had already proven that despite of any security breaches to occur they're not leaving their customers behind and they took responsibility of any circumstances that might happen.

Inconite

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I was recently robbed by someone who broke into my Coinbase account and stole everything. I hade made $600 by earning Bitcoin from faucets and sites. Today my coins would be worth $1200

I had enabled 2FA for both login and outgoing transactions but still, the funds were stolen. And Coinbase didn't reply to my queries even after multiple tries.
In my mind, Coinbase is a Scam!

I no more trust trading apps and online bitcoin wallets.

udidrone

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If it is still new, i am not use it yet. Even until now i not yet to use a new market site. Not want to mention what site, but i like to wait for their reputation to be good or safe. For example, Bittre, Poloniex or maybe market that already open as long as that both.

kodtycoon

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not for the new platform, but when the apps were released by the old and famous and trusted platform, it would not hurt us to try a new one on apps that might be more efficient and certainly can be done anytime and anywhere

sujonali1819

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Quote from: yana.lis on April 04, 2019, 12:40:20 PM

Can we trust some new crypto-trading apps or it's better to trade with good known Binance, Poloniex, Bittrex.. ets?

Before trusting any trading app we should investigate about the app that is officially published or not. Because we can find sometime many 3rd party trading app on the play store and app store which is not officially launched. So if you choose some of them you can be hacked or lost your money. And always need to aware about new trading app even exchanges.

Anyway personally I trust Binance , Kucoin and coinbene trading app which I have used before. And worked smoothly without any security issues.

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