Can we trust some new crypto-trading apps or it's better to trade with good known Binance, Poloniex, Bittrex.. ets?
Topic: Do you trust in new crypto-trading apps? - page 4. (Read 788 times)
I am using tabtrader and i dont have issues with it. But I limit their api access.
For me, I will not trust any new exchange apps until they prove themselves as a trusted exchange like binance already proven. Why should I put my money on risk where there is available trusted sources? Old and trusted sources isn't better then from unknown new source? Same suggestion for you also, don't put your money on risk. Better to avoid risk and let them build their reputation.
Don't trust any new apps that have come out recently. Don't even try to download them you might lose all your coin if you download such app and try their services.
I've got into trap in such a way in the past, so don't download and start using without knowing its legitimacy. I got trapped by one of the wallet service. It had an application, I used it for months. After few months of time it got closed for maintainance and it never got functioning again. I believed in it, because it ran a signature campaign in our forum for promotion of their service. 
If you mean it is apps for the android phone, then so far, I only use tab-trader, and I don't trust the other apps, and besides that, I never try to install the other apps. The last time I tried to install the apps is causing my phone to get malware and makes me reset my phone, and I won't do the same thing as before.
But if you say that a new website to trade, then it's up to you. But my advice is better you be careful if you want to trade in the new exchange because you never know if they are good or not.
But if you say that a new website to trade, then it's up to you. But my advice is better you be careful if you want to trade in the new exchange because you never know if they are good or not.
I'm not a fan of crypto trading apps, I'm not saying they are bad, but I would prefer the old and trusted way of trading.
As others have said, you can end up downloading a fake app which intention is to steal your funds. Maybe there are people who enjoy the latest app, but I'm not one of them. I'm too old for this kind of stuff, I will stick to the system wherein I know better.
As others have said, you can end up downloading a fake app which intention is to steal your funds. Maybe there are people who enjoy the latest app, but I'm not one of them. I'm too old for this kind of stuff, I will stick to the system wherein I know better.
Don't trust any new apps that have come out recently. Don't even try to download them you might lose all your coin if you download such app and try their services.
Can we trust some new crypto-trading apps or it's better to trade with good known Binance, Poloniex, Bittrex.. ets?
It's the reality that secure web site's apps or web trading better than any unsecured or untrusted apps. We don't need to try any apps which are not secured or trusted. We know there are have a trading app most of the trusted exchange like Binance, Kucoin. So, we can use those apps but not any untrusted apps at all. 
Building trust will take some time, for new exchange if that's what you mean we can use it and test if the business is for real, using small amount of your assets just to see how things works around this new trading site, all of those we called successful exchange also begin in small steps and slowly gather trust from their participants and supporters.
Personally i wouldnt recommend any third-party apps on your exchange platform because there will be some huge trust issues and even if there is non then the basic thing about software bugs and improper reading of data can actually jeopardize some of your progress so my advice is do it with care and is better to wait till we get some trust from reviews
That's right, because the majority of crypto users will definitely choose an exchange that already has a good reputation. This is undeniable because security has become the main issue that is most concerned at this time. There are several exchange platforms that experienced hacking and that has caused a lot of concern from the crypto owners. So the new platform must be tested first, usually I will see the trip for several months and do an analysis of whether the exchange platform is suitable for use or not.
Well, for me we can't decide if the new trading apps or site can be trusted or not because there are some trading apps which is made to collect crypto and become a scam like MT. Gox. So if you want to be safe you should use recommended exchanges which are already tested by many traders.
Also, check the exchange rankings from here below.
- https://www.coingecko.com/en/exchanges (Good thing with this site if you click the exchange site it shows you to complete overview and if the exchange site is having issue or not.)
- https://coinmarketcap.com/rankings/exchanges/
From the top 100, most of them are exchange sites which are well known and mostly trade worldwide. Since you already mention the 3 exchanges it's much better to use them than new trading apps.
Also, check the exchange rankings from here below.
- https://www.coingecko.com/en/exchanges (Good thing with this site if you click the exchange site it shows you to complete overview and if the exchange site is having issue or not.)
- https://coinmarketcap.com/rankings/exchanges/
From the top 100, most of them are exchange sites which are well known and mostly trade worldwide. Since you already mention the 3 exchanges it's much better to use them than new trading apps.
Can we trust some new crypto-trading apps or it's better to trade with good known Binance, Poloniex, Bittrex.. ets?
Unless the application has been developed by someone very well known and is open source, then people would actually try using the new crypto trading application. But, I would recommend people not to use it or at least if they do, then store only small amount of coins. The new application might have a loot of bugs and vulnerability issue. Give it some time and let the application be more developed before you use it.If the application is made by some random person, then no way I would be using it.
Personally i wouldnt recommend any third-party apps on your exchange platform because there will be some huge trust issues and even if there is non then the basic thing about software bugs and improper reading of data can actually jeopardize some of your progress so my advice is do it with care and is better to wait till we get some trust from reviews
Personally I don't, or perhaps that's just the paranoid side of me that urges myself to not use trading apps other than what my platforms provide, knowing that they could easily be clones of third-party services that can snoop into my credentials and steal all my funds. Anyway, I've been pretty much comfortable in using the Binance mobile app after having that one figured out after several attempts in using the platform from a mobile device. The UI is somewhat tricky but fluid and easy to understand once you get a hang of it, and it's definitely worth a try IMO.
I do preferred much on the same way and just like you I'm too paranoid when it comes to safety and security that's why trusting out some apps wont really be that simple on my side but rather I do choose up on whats available or being given by the trading platform I engage on.When it comes to Binance app I have no complaints yet it do give out all the things
you need which are sufficient for you to trade well.
Can we trust some new crypto-trading apps or it's better to trade with good known Binance, Poloniex, Bittrex.. ets?
No. don't trust the new crypto trading apps avoid getting yourself into scam. there are many crypto trading apps rolling out every month but be very careful with them, there are exit-scam everyday. Use the ones with the highest security and reputations such as Binance, Poloniex and so on.
Apps?
Android application or just the the application in browser?
Binance have an android application too which I used mostly for updating myself with the current price.
But mostly I do all in web browsers incognito mode for security purposes.
If what you are talking about is just web applications of other trading websites then you must really be careful with them.
Even the trusted ones can just close anytime. In and out will be your safety pin.
Android application or just the the application in browser?
Binance have an android application too which I used mostly for updating myself with the current price.
But mostly I do all in web browsers incognito mode for security purposes.
If what you are talking about is just web applications of other trading websites then you must really be careful with them.
Even the trusted ones can just close anytime. In and out will be your safety pin.
Many crypto-trading apps such as tab trader and I believe you can now also trade using blockfolio, were once new also. I personally would not use newly launched apps immediately. I would wait for other people's review.
Between the two though, I would still prefer trading on exchange website rather than using an app.
Between the two though, I would still prefer trading on exchange website rather than using an app.
I never trade on new exchanges. There's just too much risk for me trading on a new exchange, and most new exchanges do not offer much of an advantage over existing fees (or rather any advantages significant enough that I would switch over). Hundreds of new exchanges are launched every day, and the chances are very good that most of those exchanges are not legit. Older and more well-known exchanges are just fine for now.
Can we trust some new crypto-trading apps or it's better to trade with good known Binance, Poloniex, Bittrex.. ets?
Like what? Trust is a big issue even on big exchanges.
I suggest to observed their operations and then decide later on if it worth to put a "trust". Observing will take time as you will gather users review too.
As a beginner, it's not advisable to test waters on new exchanges. Build experienced first and believed me, you can now play with new exchanges as you already understand the risk you are dealing on.
Personally I prefere trusted trading platforms with good reputation. I know that everyone deserves a chance in business so new players appear on the scene all the time but I also like to know exactly where my data are stored, who has access to them and if my money is safe. It's not easy to build user's trust and it's very easy to ruin it so legitimacy needs to be proved.
Can we trust some new crypto-trading apps or it's better to trade with good known Binance, Poloniex, Bittrex.. ets?
All of those well known sites came from a new site, they are building their trust from zero. We should be careful on new sites but we should not underestimate all new sites.
At least we need to give them (new sites) some time to prove that they are legit.
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