New Exchange: Should I trade? - page 3.

Ipwich

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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.

jony35490

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

Gheka

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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.

Of course, it is always an unwise idea, these new exchanges always have many errors because their development and plans are only in the update phase, which means we will become their experiments, our use process will be the foundation for them to grow. And trading is a serious job and we are making money through it, I don't think we have time to do experiments for them, most importantly we can lose in the process, So choosing reputable exchanges is still really good choices when we want to make money, new exchanges are only for those who want to seek innovation in technology

Wakhid Mukti

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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 ?

I just found out there is a new CFD platform that offers many choices. However, in order to avoid scam cases that are rife, it is better to use a leading exchange / CFD platform. To play CFD, I usually use Bitmex.

jonhn772

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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.

miningguru

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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.

bcoinseliot

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CFD trading for cryptocurrencies is the profitable type of trading that allows earning money on rising and falling markets. The advantage of this technique is that you don’t even need to own the cryptocurrency but predict correctly the price changes of the cryptocurrency. Any kind of trading can’t be safe by definition because it is aimed at price speculation and always involves some level of risk.
One of the key concepts you need to know about CFD trading is the leverage that is both benefit and disadvantage at the same time. You can deposit a small percentage, it could be 10% of the trade’s value but still gain a 100% reward if you predict the price movement correctly. So trading on margin multiple your returns, but if you lose, your losses are magnified as well.
Many CFDs allow you to open contracts on crypto to fiat, but some providers also offer crypto/crypto CFD like for example new platform CEX Broker - https://cexbro.com/. I think it should be a good broker because I had a great experience with cex, the company that launched it. Anyway, it’s definitely not a scam.

n0ne

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Going through the trading website it is possible to find the legitimacy. Also with exchanges there is not much of scams, most won't be successful just because they won't be having good trading volume on different cryptocurrencies. The trust on the exchange gets faded when some form of security breach takes place making people loss a huge fund as exchanges have their own terms of service describing loss through any means is not responsible by them.

Caladonian

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Quote from: albon on April 03, 2019, 08:29:13 AM

Why do you want a new exchange? that may be unreliable and you will lose your money through it, There are many reliable exchanges that advise you to trade your currencies through them safely OKEx, DigiFinex and Binance They are among the best cryptocurrency exchanges, If you are a beginner in trading, I do not recommend CFD platforms.

Being careful is one of the best attitude inside this market, why would you take any risk in something that you are not familiar with, unless you are a explorer and a risky type of a trader, and you are willing to spare some money to try your luck with new exchange, there's no issue using or trying
the service as long as you are open and you are willing to take chances, always begin with money you can afford to let go.

dat.ho12492

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Quote from: marketone on April 02, 2019, 10:32:43 PM

It is not a good idea to trade in new exchange because some new exchanges are scamming the people. Mostly they will list the coin already which are traded in good exchanges. Already those coins are listed in very good exchange better trade those coins in old exchange.

You say a lot of points exactly that there are many new exchanges being created for the purpose of cheating and stealing property from people involved in their exchanges, however, that's not all, we can still see some new exchanges working very seriously, they even have a lot of highlights, they really want to penetrate and become part of this market. Therefore, instead of thinking that new exchanges are deceptive, we should have careful analysis and filtering, there are many potential new exchanges and we should participate

hyunee

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Quote from: BitHodlerDog on November 01, 2018, 04:22:22 AM

Quote from: BitHodler on November 01, 2018, 04:10:25 AM

Telegram is full of paid shills trying to make themselves worth the money services pay them. I would stick to the reputable ones because that's the best way to avoid getting sucked into a scam.

I'm not saying the site that has been recommended to you is a scam, but your funds are on the line, so better be cautious. If you're really interested in CFD trading, use Robinhood or eToro, both reputable and reliable platforms.

If you think you're ready to go one step ahead and you have coins already, you could choose to go with BitMEX, but ONLY if you are familiar with leverage trading. If not, then stick to the aforementioned platforms.

You are 100% true and I agree with your points. I am just planning to explore new platforms, I am learning to trade on Bitmex too.

If you know it already that telegram is full of paid shills then why are you still thinking of trading on new platforms. Besides, there are a lot of exchanges and trustworthy exchanges. So, just try those tested exchange and trustworthy. The more tested the exchange the more trustworthy the exchange.

harroucheamiravo

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Hello someone used the opportunity to exchange on this service?
https://coinswitch.co/
is it possible to arbitrate because of this?

bittraffic

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Quote from: albon on April 03, 2019, 08:29:13 AM

Why do you want a new exchange? that may be unreliable and you will lose your money through it, There are many reliable exchanges that advise you to trade your currencies through them safely OKEx, DigiFinex and Binance They are among the best cryptocurrency exchanges, If you are a beginner in trading, I do not recommend CFD platforms.

CFDs are good because with small amount for capital can turn big when using leverages this is why its enticing to use such exchanges but this could also backfire when you don't know how to use it. But then you're right new exchanges are something to avoid here in crypto. You won't wanna be caught up sending your documents for KYC while your funds are hold. Worse is that the exchange is a dummy scam.

bitbunnny

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WOLF.BET - Provably Fair Crypto Casino

Everyone always get so excited when new trading platforme appears. Probably because they think it will offer some extra favourable terms. But in fact there are not so big differences in terms and conditions so the most important things are trustworthy and good reputation that could be background checked. Be very careful where you put your money, it's very hard to recover it once you lose it.

albon

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Why do you want a new exchange? that may be unreliable and you will lose your money through it, There are many reliable exchanges that advise you to trade your currencies through them safely OKEx, DigiFinex and Binance They are among the best cryptocurrency exchanges, If you are a beginner in trading, I do not recommend CFD platforms.

emberbekas

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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 ?

You need to collect as much informations as possible in regards with the new exchange before placing your money on it. I myself prefer to trade on the exchange that I already use for a long time instead of using the new one. About profit, it will depend solely on our own hand and not by the exchange nor others hands.

DarkIT

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Quote from: cryptjh on April 03, 2019, 05:48:28 AM

I would only trade on the biggest exchange and only keep what I'm ready to lose on those exchanges, there are already too many exchanges to trade crypto on now, only use the trustworthy if you want to trade with bigger amounts.
I don't know that Mavsecure exchange you want to trade on. I mostly just use the binance exchange right now.

well, in general conditions, of course we all choose to trade on large markets. but, in certain circumstances, we sometimes need to trade in new markets. well, as long as the market has trust, I don't think it's a problem to trade on that market.

Yamifoud

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Quote from: cryptjh on April 03, 2019, 05:48:28 AM

I would only trade on the biggest exchange and only keep what I'm ready to lose on those exchanges, there are already too many exchanges to trade crypto on now, only use the trustworthy if you want to trade with bigger amounts.
I don't know that Mavsecure exchange you want to trade on. I mostly just use the binance exchange right now.

Definitely we should have to choose the most trusted one but somehow, some coins aren't listed with especially those tokens coming from bounties or airdrop in which we don't have to choice but to used with new exchanges. There is nothing to be worried with that, only we should not visit phishing sites that could lead into losing our funds inside our wallet.

cryptjh

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I would only trade on the biggest exchange and only keep what I'm ready to lose on those exchanges, there are already too many exchanges to trade crypto on now, only use the trustworthy if you want to trade with bigger amounts.
I don't know that Mavsecure exchange you want to trade on. I mostly just use the binance exchange right now.

cryptoblue77

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New trading exchange can't be trusted. There are many new trading exchanges, some of them are a scam. So, it would be better to go for more reputed, established exchange.

Topic: New Exchange: Should I trade? - page 3. (Read 17527 times)