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Topic: New Exchange: Should I trade? - page 6. (Read 17511 times)

sr. member
Activity: 1582
Merit: 279
February 02, 2019, 07:57:24 AM
#89
Not all of exchanges are safe so we should carefully choose on the exchange that we will use. It is advisable to use cryptocurrency exchange that are popular and have positive feedback from the cryptocurrency community.
we really have to be able to do a test whether the exchange is safe or not. because now most of the exchange is unclear and there are also many whose security is not too much noticed and ends with hacking
sr. member
Activity: 1036
Merit: 281
February 02, 2019, 07:47:17 AM
#88
Not all of exchanges are safe so we should carefully choose on the exchange that we will use. It is advisable to use cryptocurrency exchange that are popular and have positive feedback from the cryptocurrency community.
hero member
Activity: 1456
Merit: 501
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February 02, 2019, 05:37:02 AM
#87
I don't usually trust a newly launched exchange, I much prefer to go in trading if that exchange will reach at least 1 year old in service and less costumer complaint. Why you did not choose reputed one like Binance exchange or those exchanges that proven and tested when it comes in their service and to avoid the possible problem you may encounter near in the future.
The curiosity will make  us to try what is something new. Not exactly newly created exchanges will be a scam project nor it have possibility of losing our accounts. The only thing we should do is to review for their feedbacks before doing trades and if there is no problem why not we don't try? Maybe it give us satisfaction in terms of fees and speed of service.
Agree that they can give us the satisfaction of the fee and the speed of service but I think we still shouldn't try because although it may not be a scam exchange as you say but I believe the number of people who can trust a new product is very low, trading volume will be very low and as an investor and a trader, I don't think I can make a profit with such an exchange. Instead of looking for new exchanges, we should focus on the old exchanges, these are places that are very lively with a large number of members, the opportunity to make money is very much in these areas
full member
Activity: 784
Merit: 123
February 02, 2019, 03:46:21 AM
#86
I don't usually trust a newly launched exchange, I much prefer to go in trading if that exchange will reach at least 1 year old in service and less costumer complaint. Why you did not choose reputed one like Binance exchange or those exchanges that proven and tested when it comes in their service and to avoid the possible problem you may encounter near in the future.
The curiosity will make  us to try what is something new. Not exactly newly created exchanges will be a scam project nor it have possibility of losing our accounts. The only thing we should do is to review for their feedbacks before doing trades and if there is no problem why not we don't try? Maybe it give us satisfaction in terms of fees and speed of service.
legendary
Activity: 2436
Merit: 1189
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February 02, 2019, 03:03:16 AM
#85
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 ?
Before trading any new site we should awareness about the exchange. Because there is no garranty   that the exchange will be safe. Always try investigate before making any deposit. And some time some exchange does not support all the country in the globe. So take a look that you are eligible or not. And sometime can not withdraw without kyc. So its need more time for bypassing kyc. But if you need the money too fast then it will be problem to you. So be carefull  and always try choose very known exchange  for trading. Thanks
full member
Activity: 798
Merit: 109
https://bmy.guide
February 02, 2019, 02:26:59 AM
#84
I don't usually trust a newly launched exchange, I much prefer to go in trading if that exchange will reach at least 1 year old in service and less costumer complaint. Why you did not choose reputed one like Binance exchange or those exchanges that proven and tested when it comes in their service and to avoid the possible problem you may encounter near in the future.
legendary
Activity: 1302
Merit: 1000
February 01, 2019, 10:50:09 PM
#83
Mostly new exchange nowadays are not provably fair mate and sometimes totally scam and very difficult to determine base on my experience and research as well.  Which is if i were you much better to choose those legit site and the most reliable just to assure your funds is safe and less worries . Don't put your capital into risk situation that can cause you to regrets in the future, bear it on your mind mate!
yes you are absolutely right most of the new exchanges had to be to searchable before entering into that so if you are doing new investment in an exchange it will be more risky so make the step more useful by using long time.

There is high risk involved if you choose to start trading in the new exchange, so always try to research before start trading there because already most of the potential coins are already listed in the old exchange then we have to choose the new exchanges.
hero member
Activity: 2912
Merit: 556
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February 01, 2019, 10:37:52 PM
#82
I believe the best place OP can start should be https://coinmarketcap.com/exchanges There is a reason there is a hierarchy among the listed exchanges. Take your time and visit chat rooms of whatever exchange you're planning sending your cryptos or cash to and hear what other customers have to say about them.

I will only suggest choosing the big, recommended, and reputable exchange than to try a new exchange because it's too risky, we don't know how good they can handle the security of the exchange website. There was an exception for a small exchange which can run stable without having too much problem so I might suggest trying that website to trade. But so far, better to stay with the recommended exchange, so we don't have to worry about any problem.
full member
Activity: 1106
Merit: 166
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February 01, 2019, 09:03:44 PM
#81
Mostly new exchange nowadays are not provably fair mate and sometimes totally scam and very difficult to determine base on my experience and research as well.  Which is if i were you much better to choose those legit site and the most reliable just to assure your funds is safe and less worries . Don't put your capital into risk situation that can cause you to regrets in the future, bear it on your mind mate!
before choosing and new exchange we need to know something and that is most of the new exchanges or not a trusted exchanges so confirm that you are using good exchange after that you can make an exchange and that this will the right procedure to do.
full member
Activity: 602
Merit: 111
February 01, 2019, 02:48:19 PM
#80
Mostly new exchange nowadays are not provably fair mate and sometimes totally scam and very difficult to determine base on my experience and research as well.  Which is if i were you much better to choose those legit site and the most reliable just to assure your funds is safe and less worries . Don't put your capital into risk situation that can cause you to regrets in the future, bear it on your mind mate!
yes you are absolutely right most of the new exchanges had to be to searchable before entering into that so if you are doing new investment in an exchange it will be more risky so make the step more useful by using long time.
sr. member
Activity: 1988
Merit: 283
February 01, 2019, 01:20:22 PM
#79
Mostly new exchange nowadays are not provably fair mate and sometimes totally scam and very difficult to determine base on my experience and research as well.  Which is if i were you much better to choose those legit site and the most reliable just to assure your funds is safe and less worries . Don't put your capital into risk situation that can cause you to regrets in the future, bear it on your mind mate!
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
February 01, 2019, 01:03:47 PM
#78
I believe the best place OP can start should be https://coinmarketcap.com/exchanges There is a reason there is a hierarchy among the listed exchanges. Take your time and visit chat rooms of whatever exchange you're planning sending your cryptos or cash to and hear what other customers have to say about them.
hero member
Activity: 1834
Merit: 523
February 01, 2019, 10:58:47 AM
#77
I don't think you should trade.We don't know if the new exchange is safe.And the trading volume of the new exchange is very small.
Correct you do not know if that legit or not. First do research to know legality it's better to be careful and asking a lot of question and do some suggestion to the people who are expert or experienced in trading to avoid or preventing to lost of your money because I have experienced exchange who are new and after I deposited my withdrawal is pending and now is scam.
sr. member
Activity: 1274
Merit: 263
February 01, 2019, 09:40:38 AM
#76
Before trade anything else you need to know first if that trading site is really safe to trade and getting some feedback of the people who already tried it is very useful because you can know what is your going to do next . Do researching about the trading site that you give to us.
full member
Activity: 882
Merit: 126
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February 01, 2019, 08:57:33 AM
#75
It is not advisable to trade in the new exchanges because we don't know how potentially they are providing security to our coins. So always try to use old exchange which has huge potential in the market because news exchanges may have fewer securities compared to old ones.
Most of the exchange's security is shit so don't trust them for holding coins only use it while trade and then move it to your wallets.

Why worry when we got Binance already? It's not the perfect exchange out there and obviously it is vulnerable to every threats from hackers, it's just that hackers would target those more vulnerable exchanges that has quite circulation of coins and not just a random wasteland that doesn't have anything that could trigger them. It's not even advisable to just hold your coins beside exchange, since the private key isn't in your possession. I am not pointing that you can't trust those trusted exchange but what I mean is, in case the worst has yet to come, you still got your backup key.
Even binance can be hacked or scam you because its still a centralised crypto exchange so use DEXs if you want to be in full control of your Holdings or just move funds too often to wallet and exchanges.
sr. member
Activity: 826
Merit: 265
February 01, 2019, 08:34:38 AM
#74
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 ?
This is a perfect style of advertising lol thats an obvious thing ,because how stupid the question to ask if the exchange is profitable when the truth is we will be responsible for our gains and not the exchangers

Why try other exchange when you can have a much safer and more complete sets of coins or tokens you might consider to buy?common mate stop fooling people here we have more than enough since then
legendary
Activity: 1218
Merit: 1000
February 01, 2019, 08:24:46 AM
#73
looking for valid information about the exchanger is the right step for you to take before joining it. well, sometimes we can find out through people's comments on the telegram, or anything else. sometimes a new exchanger takes care of new things and that's quite interesting.
member
Activity: 770
Merit: 10
https://streamies.io/
February 01, 2019, 07:39:59 AM
#72
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 ?
This is really a normal trading platform and not a good trading platform. You should not trade on new exchanges because their security system is not good and your money is easily lost.
You should trade on large exchanges like Binance, Okex, Houbi, ... transaction fees are a bit more expensive but it will make our money safe.
sr. member
Activity: 1274
Merit: 261
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February 01, 2019, 07:34:31 AM
#71
It is not advisable to trade in the new exchanges because we don't know how potentially they are providing security to our coins. So always try to use old exchange which has huge potential in the market because news exchanges may have fewer securities compared to old ones.
Most of the exchange's security is shit so don't trust them for holding coins only use it while trade and then move it to your wallets.

   Once upon a time crypto-currencies were new for all of us. Now there are new things out there in crypto-space, why not to give them a chance.
Reputable exchanges are reputable for a reason, but even new exchanges deserve to be tried before we comment about them.
   New ICO`s, new exchanges, new people, we need to give someone a chance before we judge them.
   I needed to say that after I saw how many comments there are from people who didn`t even try it!
full member
Activity: 882
Merit: 126
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February 01, 2019, 01:08:51 AM
#70
It is not advisable to trade in the new exchanges because we don't know how potentially they are providing security to our coins. So always try to use old exchange which has huge potential in the market because news exchanges may have fewer securities compared to old ones.
Most of the exchange's security is shit so don't trust them for holding coins only use it while trade and then move it to your wallets.
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