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Topic: How do I check the exchange is safe? (Read 382 times)

hero member
Activity: 2856
Merit: 578
Leading Crypto Sports Betting & Casino Platform
March 20, 2019, 12:55:17 AM
#36
I’ve been trading on the same two popular exchanges for a while. But now I want to trade FNTC token which is trading on Ethen.market. It looks the same as other exchanges and says it’s decentralized but how do I know my private keys are safe with them? They are new and don’t look very well known. Is there a way to know they are safe if they haven’t been around for too long?


Check first if they have a complaint, you can do it in the scam section or by using Google, trading on a new unheard exchange is quite risky, you don't want to get scammed but that is a risk involved if you are trading on a new exchange, it's a gamble you never know if the site is true or not.
sr. member
Activity: 2380
Merit: 267
Vave.com - Crypto Casino
March 19, 2019, 07:19:52 PM
#35
What must be avoided is not to exchange in a new place, because obviously we cannot expect anything that has not been tested at all. besides we get it and have set a market there, we have to do it. but if you want to trade it is not recommended for a place that has not been tested, because there are still many of the best and very reliable. why do you have to force it to trade in a place that we cannot know ?

https://coinmarketcap.com/rankings/exchanges/
full member
Activity: 579
Merit: 102
March 18, 2019, 02:14:08 PM
#34
The security of your account on the stock exchange should be at the proper level, but you need to consider that if you do not take care of this, then your account will not be protected, there are many programs on the Internet that will help you with this.
jr. member
Activity: 387
Merit: 1
December 17, 2018, 07:30:04 AM
#33
Most decentralized exchanges use Private Key to import our wallets. But, to check whether it's safe or not you have to find out first by asking in a forum and others. As far as I know, decentralization exchange are safe is Etherdelta, Idex, and Forkdelta.
sr. member
Activity: 686
Merit: 264
"STAY IN THE DARK"
November 25, 2018, 06:00:06 AM
#32
The choice of the exchange is a very important step for any trader, but before that it is necessary to study all the reviews about it, also to study many blogs, as well as many other important details, there are a number of services on which there is a rating of exchanges
Where we can find the reviews when an exchange is very new but we want to use it then we have to check the website and origin and also they have address for their office or company but when it comes to decentralized exchange then it is completely safe even it is new because we are controlling our exchange's wallet with private keys.
full member
Activity: 579
Merit: 102
November 24, 2018, 05:46:46 PM
#31
The choice of the exchange is a very important step for any trader, but before that it is necessary to study all the reviews about it, also to study many blogs, as well as many other important details, there are a number of services on which there is a rating of exchanges
hero member
Activity: 2884
Merit: 620
September 14, 2018, 05:08:17 AM
#30
for cautionary steps I suggest you do not easily enter new exchanges, unless the exchange is included in the Coinmarket cap and if you want to see prices you can enter decentralized exchanges such as IDEX, Forkdelta, stoxe...
Stay off your hands to any new exchange and don't trust them so quick. If there will be legit new exchanges, let them to make their name noisy in the future but as long as there's few review and experiences trust the old ones that are reliable.

I don't fully rely on coinmarketcap's info. It's easy to check the reviews of those exchanges that might caught your interest so spending a little bit of your time doing research about it won't cause you trouble.
A simple google search wont really cost an arm and leg but most people do really forget this basic thing and neither do I wont really easily trust up into those exchange suggestion being listed on CMC.
Always have the habit on searching for informations of an exchange.Check for feedbacks or reviews and if you cant find one then don't risk up because you wont know if you are just throwing of your coins completely on void.
It's why you need to spend a little bit of your time. Though some google results won't be reliable at least your are on the right forum to as things on specific topics and concerns.
 
Don't also be too gullible if you read reviews, be smart though its hard to know what's a paid review and not but look for multiple sources to verify.
hero member
Activity: 1065
Merit: 510
September 13, 2018, 04:40:32 PM
#29
for cautionary steps I suggest you do not easily enter new exchanges, unless the exchange is included in the Coinmarket cap and if you want to see prices you can enter decentralized exchanges such as IDEX, Forkdelta, stoxe...
Stay off your hands to any new exchange and don't trust them so quick. If there will be legit new exchanges, let them to make their name noisy in the future but as long as there's few review and experiences trust the old ones that are reliable.

I don't fully rely on coinmarketcap's info. It's easy to check the reviews of those exchanges that might caught your interest so spending a little bit of your time doing research about it won't cause you trouble.
A simple google search wont really cost an arm and leg but most people do really forget this basic thing and neither do I wont really easily trust up into those exchange suggestion being listed on CMC.
Always have the habit on searching for informations of an exchange.Check for feedbacks or reviews and if you cant find one then don't risk up because you wont know if you are just throwing of your coins completely on void.
hero member
Activity: 2884
Merit: 620
September 13, 2018, 12:54:20 AM
#28
for cautionary steps I suggest you do not easily enter new exchanges, unless the exchange is included in the Coinmarket cap and if you want to see prices you can enter decentralized exchanges such as IDEX, Forkdelta, stoxe...
Stay off your hands to any new exchange and don't trust them so quick. If there will be legit new exchanges, let them to make their name noisy in the future but as long as there's few review and experiences trust the old ones that are reliable.

I don't fully rely on coinmarketcap's info. It's easy to check the reviews of those exchanges that might caught your interest so spending a little bit of your time doing research about it won't cause you trouble.
full member
Activity: 616
Merit: 100
gik nyareh proyek seteppak pas sepak
September 12, 2018, 10:49:09 PM
#27
for cautionary steps I suggest you do not easily enter new exchanges, unless the exchange is included in the Coinmarket cap and if you want to see prices you can enter decentralized exchanges such as IDEX, Forkdelta, stoxe...
full member
Activity: 364
Merit: 105
Dolphins Finance TRUSTED FINANCE
September 12, 2018, 09:29:15 PM
#26
I’ve been trading on the same two popular exchanges for a while. But now I want to trade FNTC token which is trading on Ethen.market. It looks the same as other exchanges and says it’s decentralized but how do I know my private keys are safe with them? They are new and don’t look very well known. Is there a way to know they are safe if they haven’t been around for too long?

Try to read some reviews about such exchanger you may find your self more assured if you know the feedback of others who uses it for a long period of time. Do some research find any complains about such exchanger and by then make your choice
sr. member
Activity: 1918
Merit: 256
Just.bet - Decentralized On-chain Casino
September 01, 2018, 07:30:52 PM
#25
I’ve been trading on the same two popular exchanges for a while. But now I want to trade FNTC token which is trading on Ethen.market. It looks the same as other exchanges and says it’s decentralized but how do I know my private keys are safe with them? They are new and don’t look very well known. Is there a way to know they are safe if they haven’t been around for too long?


Don't see why you would need to go to a new exchange as long as the established ones like IDEX and Etherdelta exist. I will never switch to a new untrusted exchange. There are so many of them everywhere, like garbage.

If I were you I will just wait for that coin to be listed in other exchange sites rather than risking my coins especially you need to import your private key. However, if you really want to sell, just take the risk by sending to other wallet and use it to that exchange.

It's fine to consume more gas rather than compromising your wallet.


I agree with your opinion, bro, preferring to wait for a better exchange and lots of volume than the new exchange because I have experienced strange things in dealing in new exchanges because of many sudden problems.
CRD / cryptaldash is a new exchange, but I really appreciate the performance of this exchange is very impressive.
even though this is a new exchanger, I conclude that not all new exchanges have a problem.
copper member
Activity: 308
Merit: 4
September 01, 2018, 05:49:02 PM
#24
actually any exchange can be turn out to scam, even they are famous before. so all exchange are never really safe, si you must be careful when inserting you private keys or unlocking your wallet by metamask, always make sure you're aware whats the risk.
sr. member
Activity: 840
Merit: 262
September 01, 2018, 05:33:10 PM
#23
there are no absolutely safe exchanges. Nevertheless I would recommend you to use the most popular ones such as Binance, Huobi, Bittrex etc
Also there are some pretty popular and userfriendly DEXe such as Idex or Forkdelta. Lots of people use them so you can be sure they kinda safe at the moment
legendary
Activity: 3108
Merit: 1138
September 01, 2018, 04:03:01 PM
#22
I’ve been trading on the same two popular exchanges for a while. But now I want to trade FNTC token which is trading on Ethen.market. It looks the same as other exchanges and says it’s decentralized but how do I know my private keys are safe with them? They are new and don’t look very well known. Is there a way to know they are safe if they haven’t been around for too long?

Are you planning to deposit all of your token to their exchanges? I suggest don't do that since they were all vulnerable to any attacks from the outside.
And why would you want to use a new exchanges instead of those reputable exchanges who already exist. Don't be a stupid person who just randomly put their token to a shady exchanges just because they were blinded by the offers.
full member
Activity: 714
Merit: 100
September 01, 2018, 11:42:30 AM
#21
how do you check if the exchange is safe ? the answer is  verry simple .

you need to deposit and start using that exchange and If you feel that there is something weird happening to their service , let say the coins arent appearing on your wallet or the costumer support isnt responding to your queries then you can immediately say that those exchange are bad and seems shady . You should refrain using them and better try another one. just dont put huge amounts just to be safe .
member
Activity: 630
Merit: 10
September 01, 2018, 05:50:13 AM
#20
I’ve been trading on the same two popular exchanges for a while. But now I want to trade FNTC token which is trading on Ethen.market. It looks the same as other exchanges and says it’s decentralized but how do I know my private keys are safe with them? They are new and don’t look very well known. Is there a way to know they are safe if they haven’t been around for too long?


Don't see why you would need to go to a new exchange as long as the established ones like IDEX and Etherdelta exist. I will never switch to a new untrusted exchange. There are so many of them everywhere, like garbage.

If I were you I will just wait for that coin to be listed in other exchange sites rather than risking my coins especially you need to import your private key. However, if you really want to sell, just take the risk by sending to other wallet and use it to that exchange.

It's fine to consume more gas rather than compromising your wallet.


I agree with your opinion, bro, preferring to wait for a better exchange and lots of volume than the new exchange because I have experienced strange things in dealing in new exchanges because of many sudden problems.
member
Activity: 504
Merit: 10
August 31, 2018, 07:26:46 AM
#19
It seems to me that the best way is to find a person who has already made transfers through this exchange, it is better to find several people, also to find reviews on the Internet
sr. member
Activity: 895
Merit: 250
August 31, 2018, 05:53:55 AM
#18
Personally, I will advice that you use trusted exchange rather than looking for a new one that you are not even sure of how safe your token will be in it. Better still, you can wait patiently for the token to get listed on an exchange before you use the platform.
hero member
Activity: 2086
Merit: 883
Leading Crypto Sports Betting and Casino Platform
August 31, 2018, 03:45:57 AM
#17
I’ve been trading on the same two popular exchanges for a while. But now I want to trade FNTC token which is trading on Ethen.market. It looks the same as other exchanges and says it’s decentralized but how do I know my private keys are safe with them? They are new and don’t look very well known. Is there a way to know they are safe if they haven’t been around for too long?


Don't see why you would need to go to a new exchange as long as the established ones like IDEX and Etherdelta exist. I will never switch to a new untrusted exchange. There are so many of them everywhere, like garbage.

If I were you I will just wait for that coin to be listed in other exchange sites rather than risking my coins especially you need to import your private key. However, if you really want to sell, just take the risk by sending to other wallet and use it to that exchange.

It's fine to consume more gas rather than compromising your wallet.
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