Only 10 platforms are credible - page 3.

finzyoj

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Quote from: Reid on April 21, 2019, 03:30:19 AM

There are other trading platforms there which are trusted but aint popular.
Should have looked unto that too.

Exactly! Best examples are KuCoin, Cryptopia, CEX.io, and still counting. No doubt that they are legit and got positive feedback from its users as well.

But you know what, I can't blame those users who prefer to use one of the exchanges on OP's list because they are the most popular among others. Of course they tend to pick nothing only but the best, right? Well, there is also nothing wrong if all of us could have options so for me it is still fine to use not so popular exchanges as long as their credibility is proven and tested.

leea-1334

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Coinbase is credible? Were they not the same guys who allowed their internal staff to trade BCH about an hour before the official announcement was made? And then the price just jumped like silly on Coinbase, far beyond what the actual price was? How does that seem like credible action? And Poloniex has almost no volume anyway, so if it is credible but no depth for orders, what is the point?

Reid

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They became popular because of trust rating and not just hype. But there is also thid called advertisement. There are other trading platforms there which are trusted but aint popular.
Should have looked unto that too.

Binance is one on the top list but yet a lot of problems are being sought to it.
They are just good with their customer service unlike others in your list. One is poloniex which is like a no answer with queries.

HellDiverUK

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Quote from: almohet88 on April 14, 2019, 04:45:40 PM

Counterfeit digital trading volumes played by the platforms have become widespread and noticeable from the former and hardly disguises himself has become clear to all
TIE reported its independent analysis of the differences in volumes reported on the FX platform and the trading rate was counterfeit 75% according to TIE

I will show you a list according to some data and reports and according to the actual notifications of the volume of trading of 10 platforms were only honest

BitFinex .. BitFlyer .. BitStamp .. Bittrex .. Coinbase Pro .. Gemini .. itBit .. Kraken .. Poloniex .. Binance

You should know that trading volume is independent and has no effect on the market size of a particular currency
However, excessive reports of the daily volume of trading may adversely affect the perception of the market
It is noteworthy that because of these counterfeits made the platforms able to climb the rankings in the list of platforms according to the volume through that process and gain more fame
The counterfeit data reported on stock exchanges is also a key factor behind the reluctance of the Securities and Exchange Commission (SEC) to approve the ETFs based on Bitquin or even alternative digital currencies.

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For the Southeast Asia region we can add Indodax, its good volume with IDR pair

Eildosa

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On any platform may be an artificial volume, we'll never know. There is no 100 percent fair exchange, so dont say it and dont believe that it really is.

deisik

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Quote from: milewilda on April 20, 2019, 12:54:50 PM

Quote from: jhongzjhong on April 15, 2019, 10:47:20 AM

It seems like this "if you are not holding the private key then, the coins does not belong to you". We can't blame people who doubted now with some exchanges, even though they are look likes legit now. Because recently we have crypto exchanges that victims of hacking and exit scam by the owner. I did not say in generalized but that was the point of view now from crypto trader. However, trading is still profitable.

As a trader, you wont really have any choice but to deal that kind of risk on where putting up funds into exchangers which you do know that you dont possess the keys of its wallet

I fully agree with this point

If you want to trade actively, you have to keep a stash of coins in an exchange account. But there are ways to minimize this risk even if it is next to impossible to get rid of it altogether (other than using decentralized exchanges which come with their own can of worms and a host of other problems)

For example, on exchanges that allow margin trading (think Bitfinex here), you can open margin positions being only partially covered by your exchange balance with the bulk of your wealth still sitting in your desktop wallet. Thereby you decrease risks associated with keeping your money on exchange (as you don't have to keep all your coins there)

edmundduke

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Theres quite a few reputable exchanges these days luckily (we have come far from the starting days lol). But it is really hard for teh exchanges to get all the proper licenses and SEC approvals, or even just approvals like Bittrex just demonstrated.

SixOfFive

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Quote from: almohet88 on April 14, 2019, 04:45:40 PM

Counterfeit digital trading volumes played by the platforms have become widespread and noticeable from the former and hardly disguises himself has become clear to all
TIE reported its independent analysis of the differences in volumes reported on the FX platform and the trading rate was counterfeit 75% according to TIE

I will show you a list according to some data and reports and according to the actual notifications of the volume of trading of 10 platforms were only honest

BitFinex .. BitFlyer .. BitStamp .. Bittrex .. Coinbase Pro .. Gemini .. itBit .. Kraken .. Poloniex .. Binance

You should know that trading volume is independent and has no effect on the market size of a particular currency
However, excessive reports of the daily volume of trading may adversely affect the perception of the market
It is noteworthy that because of these counterfeits made the platforms able to climb the rankings in the list of platforms according to the volume through that process and gain more fame
The counterfeit data reported on stock exchanges is also a key factor behind the reluctance of the Securities and Exchange Commission (SEC) to approve the ETFs based on Bitquin or even alternative digital currencies.

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That true. These are no doubt are best and trust worthy platform for trading. But I think you forget to include cryptopia and yobit in this list. Even etherdelta also provide good services and variety of tokens for trading. So it all depends upon traders requirement to choose a platform that provides him versatility and ease as per his trading requirement. An app would also play vital role in providing ease to retail trader.

joseph32

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Quote from: josephdd1 on April 20, 2019, 04:57:46 AM

Has it ever occurred to anyone that the so-called fake trades could be caused by shitty project owners themselves? And not the exchanges? I mean it makes more sense for shitty projects to boost their shitcoin's volume rather than exchanges trying to boost their volumes. I'm not saying the later isn't happening, I am just saying that most of fake trades could be caused by not the exchanges.

Maybe. But you mine a fresh coin, the normal way is to check MiningPoolStats for the pool and exchange. The normal user goes with the largest pool and exchange with the highest volume. And most of these exchanges have faked volume to get some fees.

Kevin77

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Yeah, credible and used are different things. These places could be considered credible because they have been running for a while with a lot of volume and they have managed to build what crypto exchange world is what it is today.

Poloniex and bittrex and some of the others may not have the power they used to have but they were the ones that helped us get here and that is why I honestly believe that these top 10 exchanges are truly what made bitcoin so big. There are of course other smaller ones but they did not have as big of an impact as some of the others had and that is why I feel like "credible" and "popular" are different, yeah there are some bigger popular ones for sure but most of them either have fake volume or they are not trusted even with high volumes.

milewilda

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Quote from: jhongzjhong on April 15, 2019, 10:47:20 AM

Quote from: airdrop991 on April 15, 2019, 10:08:33 AM

Quote from: Odessit_ya on April 15, 2019, 08:35:15 AM

I do not think that there is anyway at least one honest cryptocurrency exchange, and I don’t advise anyone to keep funds on the exchanges all the time.
Even any of the 10 exchanges listed by you can be hacked at any time or end up with fraud at a certain moment.

In this point I agree with you

IF you Don't have key you don't have coin

It seems like this "if you are not holding the private key then, the coins does not belong to you". We can't blame people who doubted now with some exchanges, even though they are look likes legit now. Because recently we have crypto exchanges that victims of hacking and exit scam by the owner. I did not say in generalized but that was the point of view now from crypto trader. However, trading is still profitable.

As a trader, you wont really have any choice but to deal that kind of risk on where putting up funds into exchangers which you do know that you dont possess the keys of its wallet.
We are already fully aware on that one thats the corresponding risk been tied up but well you wouldnt mind it too much when you do plan to trade on the first place.
About on the 10 platforms mentioned, im not really against to it yet these are the most top tier ones but some of them do have some reports of fake volumes so it isnt really that accurate.

mersal

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Yes definitely in somewhere you need to take the serious tenses and make your life better than the previous time and it would been happening in some type of investment only and we need to be careful while taking a decision and while taking the profit also this will make you more profitable at the end if you are invested now.

aad140386

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simply getting the job done

It seems to me that almost all exchanges publish fake volumes. In any case, this was before the scandal, which received much publicity. I would also like to see a link to the publication where exactly these 10 exchanges are indicated. In a crypto environment, there is not yet a completely independent source of information whose data could be trusted. Too much cheating around. Although, of course, the exchanges you named have already earned an excellent reputation, and the fact that they are all in the top 20 is a remarkable confirmation of user confidence.

deisik

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Quote from: josephdd1 on April 20, 2019, 04:57:46 AM

Has it ever occurred to anyone that the so-called fake trades could be caused by shitty project owners themselves? And not the exchanges? I mean it makes more sense for shitty projects to boost their shitcoin's volume rather than exchanges trying to boost their volumes. I'm not saying the later isn't happening, I am just saying that most of fake trades could be caused by not the exchanges

I guess that shouldn't count as fake volume

At least, not in the sense it is meant in this topic. Here we talk about exchanges increasing their trading volumes in order to look bigger than they really are (and so get higher in the pecking order). In this respect, shitty projects boosting their shitcoin's volume should not be considered fake volume simply because they are paying the same trading commissions as everyone else and thus these trades are as legit as any other trades. This is what I think

josephdd1

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Has it ever occurred to anyone that the so-called fake trades could be caused by shitty project owners themselves? And not the exchanges? I mean it makes more sense for shitty projects to boost their shitcoin's volume rather than exchanges trying to boost their volumes. I'm not saying the later isn't happening, I am just saying that most of fake trades could be caused by not the exchanges.

crossabdd

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Quote

BitFinex .. BitFlyer .. BitStamp .. Bittrex .. Coinbase Pro .. Gemini .. itBit .. Kraken .. Poloniex .. Binance

cek here https://coinmarketcap.com/rankings/exchanges/
you forget digifinex, okex, bibox, idax, dex?

do you check the fake volume exhange?
https://bitcoinist.com/binance-bitfinex-not-fake-volume/

Bitinity

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Quote from: Haunebu on April 15, 2019, 02:57:45 AM

Quote from: pushups44 on April 14, 2019, 10:11:51 PM

The point is, the above 10 exchanges are relatively honest, and that's a good start. In an industry filled with shadiness and distrust, there will be big rewards for exchanges that remain ethical despite sacrificing a short-term edge to more sneaky exchanges. Reputation is everything. I for one am starting to avoid the smaller or less well-known exchanges like the plague.

Why do people bother dealing with the smaller exchanges in the first place despite all the controversies, scams and hacks associated with them? Everyone knows how risky it is to invest in such exchanges which is why it is better to deal with the reliable ones like Binance, Bittrex etc in terms of security, reliability etc.

Not all small exchanges are associated to scams, controversies and hacks. I myself using smaller exchange which is based on my location for my trading purpose as I'm not really active trader. The exchange is obviously a small exchange compared to those top 10 as mentioned by OP but it is Top 1 in my country so I have no doubt to use small exchange as long as it is reputable.

jhongzjhong

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Quote from: airdrop991 on April 15, 2019, 10:08:33 AM

Quote from: Odessit_ya on April 15, 2019, 08:35:15 AM

I do not think that there is anyway at least one honest cryptocurrency exchange, and I don’t advise anyone to keep funds on the exchanges all the time.
Even any of the 10 exchanges listed by you can be hacked at any time or end up with fraud at a certain moment.

In this point I agree with you

IF you Don't have key you don't have coin

It seems like this "if you are not holding the private key then, the coins does not belong to you". We can't blame people who doubted now with some exchanges, even though they are look likes legit now. Because recently we have crypto exchanges that victims of hacking and exit scam by the owner. I did not say in generalized but that was the point of view now from crypto trader. However, trading is still profitable.

NeuroticFish

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Quote from: almohet88 on April 14, 2019, 04:45:40 PM

The counterfeit data reported on stock exchanges is also a key factor behind the reluctance of the Securities and Exchange Commission (SEC) to approve the ETFs

While this is "spot on", however, you need to put your sources, not leave others guess.
I am curious who would clearly write in a report or newspaper about an exchange that it fakes its volumes...
Sorry, without a clear source, anybody can "attack" your list of good exchanges.

If a clear report would exist, I'd expect CMC and others simply don't take into account the numbers from the "bad" exchanges.
If, and if, and if... heh...

airdrop991

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Quote from: Odessit_ya on April 15, 2019, 08:35:15 AM

I do not think that there is anyway at least one honest cryptocurrency exchange, and I don’t advise anyone to keep funds on the exchanges all the time.
Even any of the 10 exchanges listed by you can be hacked at any time or end up with fraud at a certain moment.

In this point I agree with you

IF you Don't have key you don't have coin

Topic: Only 10 platforms are credible - page 3. (Read 806 times)