New Exchange: Should I trade? - page 2.

Maslate

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Quote from: Kidmat on August 09, 2019, 07:51:29 AM

Just trade on the popular and good exchange. Before starting trading make time to search and get feedback on this exchange. As we all know there are many issues like hacking on a certain exchange so be careful and choose a good exchange.

Exchange with less volume is not popular and they aren't because they have poor marketing and maybe weak security, that's why people prefer a big exchange like Binance. The question is, if we are trading on a regular basis, what we really need? of course we need liquidity so we can trade all the time and we can see that liquity in big exchange, therefore we should focus trading in big exchange.

Small exchange is good if we like to experiment or maybe buy some shit coins that we think a hidden gem as it's not available in reputable exchange.

Crypto Denada

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You better be aware that CFDs are not real bitcoins, that means you could never withdraw, its just a contract between you and the firm.

Better to just trade with real bitcoins

master122

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You should analysis that exchange by yourself. Cause now many exchanger do scam. Don't do risk with ur own money.

bitbunnny

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With new exchanges we should always be very careful. They have no reputation and it's hard to check the quality of service. Unfortunately many see exchanges as a excellent source of profit and for that reason some of exchanges are funded only to get money out of users on illegal way.
Try to get as much information as you can and do the due dilligence. If you decide to trade start with small amount to test it and try as much features as you can to see how it's working and how is the customer support.
Nevertheless, my recommendation would be to use trusted and reliable exchange with good reviews.

katerina5643

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Quote from: Lanatsa on August 08, 2019, 12:42:55 PM

Quote from: SirLancelot on August 08, 2019, 12:25:15 PM

Quote from: katerina5643 on August 06, 2019, 09:15:00 AM

I think trade on new platforms is kinda risky.So i would recommend you to use reputable sources.

Personally i trade on Monfex.Check it out.

It may not necessarily be risky, those reputable exchanges you are speaking of also started from somewhere too, look at when Binance came out, if people has not given them chances despite the fact that we had lots of reputable exchanges in the market then, would they have been where they are today? Or would we have known that they have this potential and would also be the savior of crowd funding market with their IEO innovation.

We should stop condemning some of these new platforms, we can only advise them to be careful and not start with so much money first. This exchange you even talked about here is also new to me and I feel you are just trying to promote it, what id people have that same mentality of this platform too? Would you ever get any volume for it?

Anything on this world do start on the beginning as you said we should not condemn generally if we do see new platforms in the market on not to be successful because we wouldn't know on what lies ahead.

I remember those years where Binance was just new, it do get the same insights and been compared to those reputable exchange that time but look at we now, where binance is one of the top spot.

Of course, you are right. We shouldn't condemn platform just because it's new. I just mean that for me it's easier to trade on platform which has good merits and positive feedback. And i recommend you Monfex just because i've been trading there and can state that it's really reliable platform. Taking my words into account or no - it's only your choice.

Kidmat

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Just trade on the popular and good exchange. Before starting trading make time to search and get feedback on this exchange. As we all know there are many issues like hacking on a certain exchange so be careful and choose a good exchange.

Hippocrypto

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Trade on reputable exchanges like binance, kucoin and other trusted decentralized exchange like forkdelta. I wouldn't recommend those new one because some feedback aren't good to hear particular on fake volumes and trading histories, which I think a big dismerit for those so called new exchanges. Although some new trading platforms got good reviews at social media and telegrams, still it's not reliable.

btc-facebook

legendary

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I have never heard of it, and in a case like this, I will not try it, because I personally avoid trades that have not large volumes and are not yet well-known.
I am very careful because only I have an obligation on my funds, so do you,
and if the funds are lost no one can replace it, be careful only the best answer I can give you before it's too late.

Renampun

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Quote from: BitHodlerDog on November 01, 2018, 03:42:56 AM

Hello everyone, I saw a new CFD trading platform for cryptocurrency. (www.mavsecure.com) I met a guy in TG and he referred me. So, how safe is to trade in CFD platforms? Is it profitable ?

my advice, you should be more careful with new people that you meet in Telegram, not be prejudiced or suspicious of new people but you shouldn't trust 100%.

there are also some people in telegram who chat to me about airdrops and where to exchange it, when I did my own research on the site it turned out that the site-directed at me was a newly created site. I'm just afraid my deposit will get stuck and the site disappears.

Lanatsa

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Quote from: SirLancelot on August 08, 2019, 12:25:15 PM

Quote from: katerina5643 on August 06, 2019, 09:15:00 AM

I think trade on new platforms is kinda risky.So i would recommend you to use reputable sources.

Personally i trade on Monfex.Check it out.

It may not necessarily be risky, those reputable exchanges you are speaking of also started from somewhere too, look at when Binance came out, if people has not given them chances despite the fact that we had lots of reputable exchanges in the market then, would they have been where they are today? Or would we have known that they have this potential and would also be the savior of crowd funding market with their IEO innovation.

We should stop condemning some of these new platforms, we can only advise them to be careful and not start with so much money first. This exchange you even talked about here is also new to me and I feel you are just trying to promote it, what id people have that same mentality of this platform too? Would you ever get any volume for it?

Anything on this world do start on the beginning as you said we should not condemn generally if we do see new platforms in the market on not to be successful because we wouldn't know on what lies ahead.

I remember those years where Binance was just new, it do get the same insights and been compared to those reputable exchange that time but look at we now, where binance is one of the top spot.

SirLancelot

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Quote from: katerina5643 on August 06, 2019, 09:15:00 AM

I think trade on new platforms is kinda risky.So i would recommend you to use reputable sources.

Personally i trade on Monfex.Check it out.

It may not necessarily be risky, those reputable exchanges you are speaking of also started from somewhere too, look at when Binance came out, if people has not given them chances despite the fact that we had lots of reputable exchanges in the market then, would they have been where they are today? Or would we have known that they have this potential and would also be the savior of crowd funding market with their IEO innovation.

We should stop condemning some of these new platforms, we can only advise them to be careful and not start with so much money first. This exchange you even talked about here is also new to me and I feel you are just trying to promote it, what id people have that same mentality of this platform too? Would you ever get any volume for it?

katerina5643

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I think trade on new platforms is kinda risky.So i would recommend you to use reputable sources.

Personally i trade on Monfex.Check it out.

Bitcotalk

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Quote from: moynul2050 on May 01, 2019, 05:58:04 AM

Quote from: miningguru on April 25, 2019, 11:59:13 AM

It is not a good idea to trade in new exchange because we don't how their strategy and listing work. So it is always good to work with the most reputable exchange because they have already listed very good for trading then we should show interest towards new exchanges.

not all new exchangers we have to suspect, although in general they cannot be trusted but this can also be a good idea when the new exchanger has a team of experienced developers.

This is a good idea to think about the famous digital exchanges in crypto space if you intend to invest and trade. New exchanges might be good as well but people generally tend to prefer the best exchanges and Binance and Coinbase sounds to be some of the best exchanges out there. Users over here make more money that on any other exchange so try to focus here.

moynul2050

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Quote from: miningguru on April 25, 2019, 11:59:13 AM

It is not a good idea to trade in new exchange because we don't how their strategy and listing work. So it is always good to work with the most reputable exchange because they have already listed very good for trading then we should show interest towards new exchanges.

not all new exchangers we have to suspect, although in general they cannot be trusted but this can also be a good idea when the new exchanger has a team of experienced developers.

kennen1113

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Quote from: Kelvinid on May 01, 2019, 04:32:28 AM

Quote from: XCANA on May 01, 2019, 03:30:01 AM

Quote from: BitHodlerDog on November 01, 2018, 03:42:56 AM

Hello everyone, I saw a new CFD trading platform for cryptocurrency. (www.mavsecure.com) I met a guy in TG and he referred me. So, how safe is to trade in CFD platforms? Is it profitable ?

Will advise never to trade on new platforms either, exchange or gambling platforms because, there's a possibility of be scam. Ensure you carryout your trade on an existing exchange platforms, where your coins or tokens can be kept safe. Most of these newly launch platforms, are prone to scams and we should avoid them by all means to keep safe.

Not all new exchanges we're just scam only, some of them can be trusted also but the fact that most of them were full of shit, it certainly affects with the others. We can't blame those people won't trust easily for the new exchanges as they have a bad experience before, but maybe we have to open our mind also and not just to judge as a whole.

Agree with you, although the new exchanges in the market are pretty bad and lots of scams, it still has some good exchanges, so we can't judge them in such a subjective way and good here does not mean that they are full of features and support like big and reputable exchanges. Good here is only the level that we can use and can consider for participation in the next time, ignoring them immediately is something that should not be done, they need us to grow, the money to participate in new exchanges is not so much

Kelvinid

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Quote from: XCANA on May 01, 2019, 03:30:01 AM

Quote from: BitHodlerDog on November 01, 2018, 03:42:56 AM

Hello everyone, I saw a new CFD trading platform for cryptocurrency. (www.mavsecure.com) I met a guy in TG and he referred me. So, how safe is to trade in CFD platforms? Is it profitable ?

Will advise never to trade on new platforms either, exchange or gambling platforms because, there's a possibility of be scam. Ensure you carryout your trade on an existing exchange platforms, where your coins or tokens can be kept safe. Most of these newly launch platforms, are prone to scams and we should avoid them by all means to keep safe.

Not all new exchanges we're just scam only, some of them can be trusted also but the fact that most of them were full of shit, it certainly affects with the others. We can't blame those people won't trust easily for the new exchanges as they have a bad experience before, but maybe we have to open our mind also and not just to judge as a whole.

XCANA

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Quote from: BitHodlerDog on November 01, 2018, 03:42:56 AM

Hello everyone, I saw a new CFD trading platform for cryptocurrency. (www.mavsecure.com) I met a guy in TG and he referred me. So, how safe is to trade in CFD platforms? Is it profitable ?

Will advise never to trade on new platforms either, exchange or gambling platforms because, there's a possibility of be scam. Ensure you carryout your trade on an existing exchange platforms, where your coins or tokens can be kept safe. Most of these newly launch platforms, are prone to scams and we should avoid them by all means to keep safe.

TopT3ns

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Quote from: bonker on April 27, 2019, 01:45:15 AM

Quote from: jony35490 on April 26, 2019, 01:03:25 PM

New exchange is always risky for traders. I will suggest you don’t use any new exchange without proper idea about that exchange.

Go and see review about that exchange first if you want to use any new exchange and if they got good reviews then find their trading volume is real or fake and when they got decent trading volume then you can use that exchange.

Everything is about community's reviews. New exchange with a little review must be concerned when we want to trade in there. Maybe it will need time, but build reputation is something important for any exchangers.

Osarman

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Quote from: Ipwich on April 27, 2019, 12:57:29 AM

Quote from: jonhn772 on April 25, 2019, 12:34:41 PM

First of all you need to know about everything of new exchange that you want to use for trade. Cause there have so many new scam exchanges. Don't forget about this all otherwise you will get in touch with scamers.

Most of the good exchanges are being discuss here in the forum, I don't know if they have an ANN thread but most likely they have.
The reason we use old are reputable exchanges is to ensure our assets are well safeguard and old exchange are more liquid than the new one, so why are we trading in a new exchange where most likely some of the coins are just shit coins.

Normally the reviews about a particular platform give you an insight into the status of the platform. The reviews could not be genuine in different occasions so another way to see if the digital platform is okay is the user base of the platform. See if they have great number of users like we have in Binance and in Coinbase. This is something that can help you decide whether or not to go for a platform.

bonker

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Quote from: jony35490 on April 26, 2019, 01:03:25 PM

New exchange is always risky for traders. I will suggest you don’t use any new exchange without proper idea about that exchange.

Go and see review about that exchange first if you want to use any new exchange and if they got good reviews then find their trading volume is real or fake and when they got decent trading volume then you can use that exchange.

Topic: New Exchange: Should I trade? - page 2. (Read 17527 times)