How many crypto exchanges are really required? - page 5.

ttcsalam

copper member

Activity: 1120

Merit: 2

Quote from: forexandcryptoauditor on September 20, 2019, 10:06:14 AM

Now a days, I have observed that out of ten projects three or four are of new exchanges. At the moment there are so many exchanges available for cryptocurrencies. When we invest in other projects and its token got listed in one of the new exchange, we have to create account with that exchange to trade those tokens.
Do you really think that there is a need of so many exchanges? isn't it very complicated and lengthy to keep accounts in many exchanges?
Please share your views.

There are many accounts required on the exchange. One coin is traded on different exchanges, so you need an account. Different exchanges. Specifically, it is difficult to specify for Hunter. All exchanges must have this account. However, a small transaction is allowed for Hunter's. This is good for Hunter.

shoreno

full member

Activity: 1750

Merit: 118

Quote from: ?? on ??

Actually, I would be happy to use only one Exchange, but the reason it is not enough is that different cryptocurrencies are listed on different Exchanges, so you need accounts on many of them to trade.

thats the problem that we face right now . why can they just list all the coins in one exchange ? if its posible ? wouldnt it be better to save time searching and to save fees as well from trading on different exchnage sites but trading exchange are like a business they want to make a different exchange so that they can earn just like on a normal business that we see . cant you notice there are not only one store ? there are not only one banks ? etc... thats what you call a business .

pandanaran

full member

Activity: 1048

Merit: 101

I have never kept tokens or coins on the exchange for a long time because it is very risky, I use exchanges as needed. I mean as a transaction tool and nothing more than that. on the one hand I am comfortable using the Binance and KuCoin exchanges. only 2 exchanges that I use as needed

studio1one

hero member

Activity: 1218

Merit: 500

BintexFutures

Many believe that running a cryptocurrency is pretty good business. So that could be the reason why new exchanges just keep popping up.

This is creating a competitive environment among the exchanges hence we are getting fairly good dividends or exchange rate.

duchiep37

jr. member

Activity: 130

Merit: 1

not much, only some crypto exchange is good, like binance, huobi, bittrex

xSkylarx

hero member

Activity: 2366

Merit: 594

Quote from: forexandcryptoauditor on September 20, 2019, 10:06:14 AM

Now a days, I have observed that out of ten projects three or four are of new exchanges. At the moment there are so many exchanges available for cryptocurrencies. When we invest in other projects and its token got listed in one of the new exchange, we have to create account with that exchange to trade those tokens.
Do you really think that there is a need of so many exchanges? isn't it very complicated and lengthy to keep accounts in many exchanges?
Please share your views.

There is no limit how many exchanges account you want. The problem is securing them all properly to avoid hacking. Imagine having 10 or even more accounts, each one of them you will need to activate their 2fa and keep their private keys in a safe place. Another factor is most of the new exchanges nowadays requires kyc first to withdraw. I am not willing to give my private info to a newly open website. You don't know if they are gonna sell it in the black market or not.

bgaf

sr. member

Activity: 644

Merit: 257

Worldwide Payments Accepted in Seconds!

It's not that we dont need many. But there should be a systematic approach on many exchanges. Should have a regulation that permits exchange to operate and gain some necessary license for them to operate so people can trade there without any fear of being scam or nervous that their fund will be gone due to unknown market platform runaway, or steal the funds of the traders.

Jocuserious

sr. member

Activity: 1936

Merit: 290

Generally i use 4 exchange at this time for holding, and trading cryptocurrency here (binance kucoin hitbtc and gate) more secority platform. But gate is different 2nd FA verification system that's means good secority but my mind always want follow binance with new IEO.

fortunecrypto

legendary

Activity: 2450

Merit: 1047

It's possible that in the future every country will have their own exchange, exchange is a huge business and every company wants a slice of the market, for me it's not tright that 10 excahanges will control the whole market, the more exchanges the more volume and they are going to satisfy investors to meet their standard.

nutriagrigia

sr. member

Activity: 1270

Merit: 254

Oikos.cash | Decentralized Finance on Tron

Quote from: lolgato1 on September 25, 2019, 07:48:17 AM

Creating own cryptocurrency exchange is a highly profitable business, this is the reason why we see boom in the growing number of cypto exchanges.

how it can now be a profitable business if most exchanges are now suffering from such a weak market. there are practically no trades on most exchanges and the whole market was captured by giants

lolgato1

sr. member

Activity: 793

Merit: 250

Creating own cryptocurrency exchange is a highly profitable business, this is the reason why we see boom in the growing number of cypto exchanges.

LollypopToken

copper member

Activity: 67

Merit: 5

more exchanges in turn mean more decentralization, i believe its actually a good thing but a trader needs to be careful of storing funds on new exchanges as they might turn out to be scam.

Bezobraznike

sr. member

Activity: 1274

Merit: 261

★Bitvest.io★ Play Plinko or Invest!

Quote from: Bitze on September 25, 2019, 06:18:56 AM

Quote from: forexandcryptoauditor on September 20, 2019, 10:06:14 AM

Now a days, I have observed that out of ten projects three or four are of new exchanges. At the moment there are so many exchanges available for cryptocurrencies. When we invest in other projects and its token got listed in one of the new exchange, we have to create account with that exchange to trade those tokens.
Do you really think that there is a need of so many exchanges? isn't it very complicated and lengthy to keep accounts in many exchanges?
Please share your views.

how many are necessary?
if there would be a decentralized exchange that offers all pairings and maybe even has a fiat gateway, that would be sufficient.
but since there is no such thing and an exchange is a good business, there are more and more providers instead of fewer. Cheesy

We will never see such exchange with all coins/ tokens listed. Like you I believe there will be more and more exchanges, as we
have more coins and tokens.
Is there some list of all crypto-exchanges? I would like to know how many crypto-exchanges we have, how many are centralized
and how many decentralized? And with other info about exchanges?

Bitze

legendary

Activity: 1638

Merit: 1042

Quote from: forexandcryptoauditor on September 20, 2019, 10:06:14 AM

Now a days, I have observed that out of ten projects three or four are of new exchanges. At the moment there are so many exchanges available for cryptocurrencies. When we invest in other projects and its token got listed in one of the new exchange, we have to create account with that exchange to trade those tokens.
Do you really think that there is a need of so many exchanges? isn't it very complicated and lengthy to keep accounts in many exchanges?
Please share your views.

how many are necessary?
if there would be a decentralized exchange that offers all pairings and maybe even has a fiat gateway, that would be sufficient.
but since there is no such thing and an exchange is a good business, there are more and more providers instead of fewer. Cheesy

timmmers

sr. member

Activity: 1176

Merit: 265

More exchanges we have, better service we receive and people will decide which they will use.
If we do not have enough exchanges, so we would have expensive fees, slow withdrawals and so on.

LbtalkL

full member

Activity: 1176

Merit: 162

I guess we don't need a new exchange we have a lot of exchanges that exist now. These new team creating some exchange they just wanted easy money.
For me, the top 10 exchanges are enough. But be smart only try and use trusted exchanges like everybody like is binance. There is some news about hacks about them but they got it covered immediately.

10c

full member

Activity: 658

Merit: 100

BuyAnyLight - Blockchain LED Marketplace

Quote from: xenomorphe1 on September 25, 2019, 04:10:37 AM

Exchanges are needed to not give the monopole to only a few exchanges. But how many do exchanges do we need? I don't really know.
If thoses exchanges are not needed, they are going to disappear by themselves. Time will tell us which exchanges are going to survive or not.

I think we need a maximum of 4-5 exchanges in the future. now all exchanges are being finalized with technology and therefore it cannot be said which exchange will be unique

xenomorphe1

full member

Activity: 798

Merit: 103

Exchanges are needed to not give the monopole to only a few exchanges. But how many do exchanges do we need? I don't really know.
If thoses exchanges are not needed, they are going to disappear by themselves. Time will tell us which exchanges are going to survive or not.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: Cheesus on September 21, 2019, 03:41:17 PM

The crypto market is getting bigger every day, so, to maintain a balanced ecosystem, we need hundreds of good exchange.

More the number of exchanges, more is the the number of problems associated with people using them. Because the market is not regulated we dont have single exchanges for all types of crypto exchange but many. Some prey on the shitcoins that people promote to get paid while others prey on margin trading promoting shills on youtube and other shady stuff.

Quote

But we have thousands of shit exchange, and the crypto market has lack if even 50 real volume exchanges, which is a sad part. I think we need more exchange with real volume and we need to move out exchanges like Latoken, Idax, Exmarkets, P2PB2B, and so many fake volume exchanges.

Stop hunting bounties and these exchanges would shut down on their own. They run simply because every new token that get released needs to be listed and the team owners look for the cheapest exchange with the lowest listing fee they can locate. Who likes to pay more than 10BTC to get listed on Binance - go for yoshit! Sad reality.

Cryptrx

jr. member

Activity: 498

Merit: 1

Worlds Simplest Cryptocurrency Wallet

Not too many exchanges is required, five is enough but daily we keep seeing new exchanges erupt without liquidity projects being listed on these exchanges have their prices always low because of lack of liquidity.

Topic: How many crypto exchanges are really required? - page 5. (Read 1144 times)