Bitforex is a big wash trade platform.
https://medium.com/@sallyalexon/who-are-the-real-people-behind-the-wash-trading-exchange-bitforex-26d8edc9837
Topic: Only 10 platforms are credible (Read 836 times)
The OP was only fixated on the Exchanger he knew he had never updated his knowledge with the latest news from some good exchangers other than what the OP mentioned. such as LATOKEN, or IDAX.pro These both exchangers are new exchangers that cannot be underestimated.
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
paying for trading fees is not the ultimate game, I don't think you understand the context here at all
These trades are not fake, as simple as it gets
If you still insist that I don't understand (or misunderstand) something, you may want to explain your point in more precise terms. To repeat, these trades are not fake in the context of trading volumes reported by the exchange (i.e. what we see at CoinMarketCap). To put it differently, fake trades (and thus fake trading volumes) are those which don't happen in reality (technically, you can't pay trading fees for something you don't do, so the reverse is a valid assumption). It may even mean that the exchange may increase the reported figures arbitrarily (though this can be easily discovered and seen through). Anyway, that has nothing to do with projects selling and buying their own coins or tokens to boost the trading volume (read, it is legit volume)
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
paying for trading fees is not the ultimate game, I don't think you understand the context here at all.
That's true that those trading platforms are using real volume but it doesn't mean other exchanges (that used fake volume) is bad and gonna be always bad. Those exchanges with fake volume can be better later by stop using their fake volume and make a great improvement both for the platform and users' advantage.
Well yeah not all of them are scams or have weak base. Many of them are providing great services and would improve with the passage of time but people tend to make use of the famous ones preferably described in the list above. This is because of the huge rush over the exchanges and the reviews by the users which attract more and more users. About the volume, I do not have any ambiguity.
I do not think there are just so few platforms. You know, you look around and yes all the big players are big people with huge offices and 100s of employees like Bittrex and Binance with headquarters offshore and many offices in Asia. But there are always small players in crypto who are much more passionate and are in it for the love of Bitcoin and crypto, not simply to make profit. In fact these could be more credible than the big players! Nothing is ever for certain until you are exit scammed,,, this is what I feel.
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.
I have watched a video talking about fake volume from the channel Crypto Beadles
it Contains many useful information
https://www.youtube.com/watch?v=MJp2GphZRGg
it Contains many useful information
https://www.youtube.com/watch?v=MJp2GphZRGg
Maybe if op should update his list he is going to add binance to the list though I did not know the criterias he used in measures those ten trading platforms. I trade and exchange coins at poloniex and bittrex before but I don't know why op really things those exchange are the most trustworthy.
But wait, this is the second time I am seeing someone make this statement too about Binance not being on the list, but Binance is on the list if you check it clearly, could this be because he stated Binance last on the list, check the last name, on the list, its Binance.The only mistake I just saw is not putting Binance first being the most trustworthy exchange for now, ha, OP dare not mention Binance name even if we have to rig it, Binance has been doing a very fantastic work and I love their transparency so much and the way they have made their platform very comfortable and friendly to user.
on my experienced in the platform you've mentioned only two of them that was really credible to me which is Bittrex and Binance, these two are proven and tested to me and has a good volume in the market as well too. Then, the rest for me is I'm not sure about it. Because there are other platforms on which I think has a high volume in the market just like Idax, Coinbene, Okex and Houbi.
What on earth would make you think that Bittrex and Binance are the only good platforms there is ?If I'm to say that only two there were credible then I am. Going to say it is only Binance and Coinbase. You do know that Coinbase is one of the top platforms (if not the number one) we have here. And they can also be trusted all round because their site is well secured, there haven't been any bad review about them, if there is, then its just few that are not worth it.
Maybe if op should update his list he is going to add binance to the list though I did not know the criterias he used in measures those ten trading platforms. I trade and exchange coins at poloniex and bittrex before but I don't know why op really things those exchange are the most trustworthy.
I have known right from time that majority of all those platforms and their trading volumes are just fake.
Exchanges that I am only sure are very good platforms are Binance, Coinbase, Bitfinex and Bittrex, I don't know really know about the others. These are the biggest platforms that there is in cryptocurrency community, and there are also Kraken and Huobi, they are also good platforms too.
When I want to make choice I only choose the ones rhat has good reputation and are very popular. Just like when I started crypto trading, I went for Coinbase. Coinbase was also the first wallet I had as a newbie, they have everything you will need, their platform is packed with lot of features.
Exchanges that I am only sure are very good platforms are Binance, Coinbase, Bitfinex and Bittrex, I don't know really know about the others. These are the biggest platforms that there is in cryptocurrency community, and there are also Kraken and Huobi, they are also good platforms too.
When I want to make choice I only choose the ones rhat has good reputation and are very popular. Just like when I started crypto trading, I went for Coinbase. Coinbase was also the first wallet I had as a newbie, they have everything you will need, their platform is packed with lot of features.
to your list I would add without a shadow of a doubt Kraken, who has always stood for transparency. I personally consider it among the best
I have known right from time that majority of all those platforms and their trading volumes are just fake.
Exchanges that I am only sure are very good platforms are Binance, Coinbase, Bitfinex and Bittrex, I don't know really know about the others. These are the biggest platforms that there is in cryptocurrency community, and there are also Kraken and Huobi, they are also good platforms too.
When I want to make choice I only choose the ones rhat has good reputation and are very popular. Just like when I started crypto trading, I went for Coinbase. Coinbase was also the first wallet I had as a newbie, they have everything you will need, their platform is packed with lot of features.
Exchanges that I am only sure are very good platforms are Binance, Coinbase, Bitfinex and Bittrex, I don't know really know about the others. These are the biggest platforms that there is in cryptocurrency community, and there are also Kraken and Huobi, they are also good platforms too.
When I want to make choice I only choose the ones rhat has good reputation and are very popular. Just like when I started crypto trading, I went for Coinbase. Coinbase was also the first wallet I had as a newbie, they have everything you will need, their platform is packed with lot of features.
I am extremely sorry to say that I don't agree with your statement. How did you rate that? You haven't place any reference according to your statement. However, I think you like those crypto exchanges site personally. Yes, you can say your opinion freely, it's your right. Like as I have some favourite exchanges. I respect your opinion.
Information is not coming from OP, it was a mistake he did not put a reference, akamit posted it in the first page of this thread.
Link to for your reference similar to what OP brought up. https://www.coindesk.com/fake-volume-on-crypto-exchanges-isnt-the-half-of-it
I am extremely sorry to say that I don't agree with your statement. How did you rate that? You haven't place any reference according to your statement. However, I think you like those crypto exchanges site personally. Yes, you can say your opinion freely, it's your right. Like as I have some favourite exchanges. I respect your opinion.
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.
[/size]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.
on my experienced in the platform you've mentioned only two of them that was really credible to me which is Bittrex and Binance, these two are proven and tested to me and has a good volume in the market as well too. Then, the rest for me is I'm not sure about it. Because there are other platforms on which I think has a high volume in the market just like Idax, Coinbene, Okex and Houbi.
U can try velvet exchange. They are newbies but with great prospects, I follow them on socials
Never heard about them, give a link on the site pleaseYou'd better stay away from this exchange at all costs
As it is run by the same dudes who had been running the infamous BTC-e (then WEX) exchange. They ended up stealing an incredible amount of traders money and now they are in charge of the whole shebang again trying to pull off the fraud once more. The question has been extensively discussed in the Russian board of the forum with irresistible proofs given that the real beneficiaries behind this exchange are in fact the same folks that were behind the BTC-e (WEX) scam. So your only prospect with them is losing your money in the end. Be warned and stay cautious
Maybe at some point those 10 platforms started with fake volumes to make us use them and it did worked. Polo had been one of the oldest we've known that eve before the trend of KYC they are already doing great job. They have been on top for years, there are just new coming that are easier to use and with the offer to make money like BNB of binance. If the rest follows like having their own coin for less transaction fee, they might be able to compete tightly.
I think we must give a chance to new platforms, moreover some of them are not worse than listed above
Partially agree with you, but I used to trust old proven platforms, they give you feeling of stable confidence in their activityI think we must give a chance to new platforms, moreover some of them are not worse than listed above
Partially agree with you, but I used to trust old proven platforms, they give you feeling of stable confidence in their activity
I have accounts with only two of them Binance and Bittrex. I can say that they are user-friendly and long lasting Exchanges. But credibility can't be decided using these parameters. They can show fake volumes. Anyway, if you are planning to hodl for a long time, keeping your coins on any exchanges is not safe.
I think we must give a chance to new platforms, moreover some of them are not worse than listed above
Partially agree with you, but I used to trust old proven platforms, they give you feeling of stable confidence in their activityI think we must give a chance to new platforms, moreover some of them are not worse than listed above
Partially agree with you, but I used to trust old proven platforms, they give you feeling of stable confidence in their activityI think we must give a chance to new platforms, moreover some of them are not worse than listed above
Partially agree with you, but I used to trust old proven platforms, they give you feeling of stable confidence in their activityI think we must give a chance to new platforms, moreover some of them are not worse than listed above
Partially agree with you, but I used to trust old proven platforms, they give you feeling of stable confidence in their activity
I think we must give a chance to new platforms, moreover some of them are not worse than listed above
I'm trading in Binance so I'm safe because I'm with a credible site.
Look, most exchanges have decent volume are credible because their credibility is important to continue attracting customers and continue making money.
They are like in the business of trust, if they do better, protect the customers information, they will be patronize.
That is why they are listed among the top 10 credible exchanges, in fact when it comes to Binance, they are supposed to be listed as number 1 amongst the top 10 too, because Binance have almost all the great features one could ever desire in an exchange and I was sure they will be listed when I first sited this post, if the OP had not listed them amongst these great exchanges, then I would have doubted the report, but now, I think his report can be trusted since Binance is there. Other ones manipulating their volumes should continue to do so, they will soon go aground. Look, most exchanges have decent volume are credible because their credibility is important to continue attracting customers and continue making money.
They are like in the business of trust, if they do better, protect the customers information, they will be patronize.
Still, we see new exchanges being opened everyday and I don't see the purpose of those. I mean we already have dozens of trusted exchanges available and they probably offer together all kinds of features that exist so why opening a new website that works the same as another one? People should think before accessing those new exchanges because obviously most of them are created only for profits.
These are probably 10 most used and most credible platforms rated by experiences of users. Still new onea appear all the time and people are curious, they want to know what are the services they offer. In that they often forget due dilligence and that they need to be very cautious whom they trust their money.
To my opinion credibilty and trustworthy are the most important because no one doesn't want to lose the money and get into some troubles. Have that always in mind, even if you think that somwhere else you might save something on transactions fees or avoid KYC.
To my opinion credibilty and trustworthy are the most important because no one doesn't want to lose the money and get into some troubles. Have that always in mind, even if you think that somwhere else you might save something on transactions fees or avoid KYC.
Still use old exchanger until now. Maybe Binance is exchanger that i try to use for now. Because for me, exchanger that already i used for years really make me comfort to trade in there. About security, i only can secure my account and let exchanger do their job.
If you are looking for a credible or a trustworthy exchange I think you don't need to look at well known exchanges anymore. What I mean about that is local exchanges (if you have one in your country) can be also credible too their edge is of course they are locally permitted by law and is monitored by your government that is why they cannot make a run for it when something mess up has happened like faking bids and volumes. Unlike joining a international exchange where the legal jurisdiction is an international mess sticking to something near to you won't make that happen and you have the government's backing for it.
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.
[/size]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.
People are confusing "credible" with "user-friendly".
By credible, it doesn't mean an exchange with the best UI, cheapest fees, or easier to use. It's about the ones that are trustworthy. They don't manipulate their volume/orders and they may have a published audit etc...
The list is highly reduced and when you think about it, it shows that it's the crypto exchanges that need regulations, not its crypto users.
By credible, it doesn't mean an exchange with the best UI, cheapest fees, or easier to use. It's about the ones that are trustworthy. They don't manipulate their volume/orders and they may have a published audit etc...
The list is highly reduced and when you think about it, it shows that it's the crypto exchanges that need regulations, not its crypto users.
I'm trading in Binance so I'm safe because I'm with a credible site.
Look, most exchanges have decent volume are credible because their credibility is important to continue attracting customers and continue making money.
They are like in the business of trust, if they do better, protect the customers information, they will be patronize.
Trading with Binance is quite easy and safe, business trust is what we want and you can find it on the world’s best exchanges. These exchanges are offering new techniques and projects to make money. Being reliable source the newly project are also trusted on their websites. These exchanges are trying hard to build the currency modernism and techniques to enhance it and present it before investors. Look, most exchanges have decent volume are credible because their credibility is important to continue attracting customers and continue making money.
They are like in the business of trust, if they do better, protect the customers information, they will be patronize.
I never had a problem with Binance and even with their android application.
Once I had an issue with my authentication code since I changed my smartphone. They did make a security in which is user friendly and easy steps to recover it.
I did recover it and I am glad they get more information just so I could take it back.
Security wise and also faster transactions. I would still go with Binance.
Although, if there will another decentralized exchange. A good one. I might switch to it.
Once I had an issue with my authentication code since I changed my smartphone. They did make a security in which is user friendly and easy steps to recover it.
I did recover it and I am glad they get more information just so I could take it back.
Security wise and also faster transactions. I would still go with Binance.
Although, if there will another decentralized exchange. A good one. I might switch to it.
Those 10 platform are really credible and had been established for a years in terms of its stability in this field of business
However, if I am going to update it at the coinmarketcap now, only Binance(BNB) is belong to the top 10 exchange
in the market then the rest are not, but the rest platforms are listed on the top 100 exchange.
However, if I am going to update it at the coinmarketcap now, only Binance(BNB) is belong to the top 10 exchange
in the market then the rest are not, but the rest platforms are listed on the top 100 exchange.
I'm trading in Binance so I'm safe because I'm with a credible site.
Look, most exchanges have decent volume are credible because their credibility is important to continue attracting customers and continue making money.
They are like in the business of trust, if they do better, protect the customers information, they will be patronize.
Look, most exchanges have decent volume are credible because their credibility is important to continue attracting customers and continue making money.
They are like in the business of trust, if they do better, protect the customers information, they will be patronize.
Within your list I think it is is poloniex which I have used before for a lot of times.
It is their deposit amount which I loved.
Whenever I get freebies from airdrops I can exchange it to Ethereum and then send that low amount to poloniex in exchange for bitcoin.
Sad thing is there are times it takes long for the transaction to be processed.
Now I am Binanced.
It is their deposit amount which I loved.
Whenever I get freebies from airdrops I can exchange it to Ethereum and then send that low amount to poloniex in exchange for bitcoin.
Sad thing is there are times it takes long for the transaction to be processed.
Now I am Binanced.
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.
Well, I really don’t give a shit about them, I never even knew that such exist until I started getting the hint via this forum, because all my trades and transaction has been through verified exchanges that are trust worthy, maybe because I have been using Binance all along, that is why I did not really get to know much about these activities.Now that we know, for those who have made the mistakes of trading or exchanging on those shitty exchanges still have the opportunity to reverse their actions and stick with the 10 that the OP mentioned here, if they really want to get the best out of their trades.
I have just replied to a thread recently too where I saw that, it is only 10 exchanges that have true trading volume, this is bad and it is not sending good signal out there, it only keep showing government and sec that it is a system that can easily be manipulated and that is why they are clamoring for its regulation.
If they succeed in regulating cryptocurrency because of these attitudes, then the objective of cryptocurrency n making our transactions anonymous has been defeated, and I am sure satoshi will also not be happy about this.
Since, we already know exchanges with true volumes, I think it will be best if we pay more attention on them and support them for being transparent in their dealings.
If they succeed in regulating cryptocurrency because of these attitudes, then the objective of cryptocurrency n making our transactions anonymous has been defeated, and I am sure satoshi will also not be happy about this.
Since, we already know exchanges with true volumes, I think it will be best if we pay more attention on them and support them for being transparent in their dealings.
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.Should have looked unto that too.
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.
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?
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.
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.
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.
[/size]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.
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.
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 walletI 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)
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.
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.
[/size]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.
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.
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.
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.
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.
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.
IF you Don't have key you don't have coin
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.
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.
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.
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
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.
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/
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.
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.
IF you Don't have key you don't have coin
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...
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.
IF you Don't have key you don't have coin
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.I agree. I think people have been drawn to smaller exchanges in the past due to lack of options. For example, during a bounty distribution a token might be listed only at the smaller exchanges, forcing the bounty hunters to register to these exchanges to liquidate their bounties. These exchanges also offered tokens that the bigger exchanges were more reluctant to list. Now, as the market has matured, we have a better idea of who the winners and losers will be in the long run, and in large part the winners are listed on the big exchanges. So yes, it's best for investors to stick with large, reputable exchanges.
To further put a voice to why people would still choose smaller exchanges against established and bigger once, is nothing but the reason of fund.
An ICO sometimes genuinely has a target for a bigger exchange like binance for instance and they publish it in their white paper, some of the names they would subscribe to in terms of exchange but if adequate funds are not raised at the end, they opt for smaller and new exchanges.
What about coinbase and not coinbase pro?
Coinbase pro is the advance trading exchange with more features for coinbase so don't see any need listing the two. OP you list all centralized exchange calling them credible while disregarding the decentralized exchange which are the main focus of the technology been discussed (blockchain). What were the criteria for choosing thesw exchange, was it just based on volume and how popular they're because that's all i can see from your list. Sure you listed some credible exchange but not all on the list should be classified as credible.
If we can not say that this list is reliable
Can we say that it is the most confident in general?
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.
[/size]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.
What are you relying on when trying to take responsibility for these 10 exchanges?
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.
I do not bear the support of anything and I did not talk about money or penetration
We talk only about volume
It is certainly the best exchanges ever. but in it, Bittrex has just encountered a problem of publicizing the virtual volume and was expelled from New York. The information in the journals is sometimes incorrect, we need to take a closer look.
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.
[/size]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.
What are you relying on when trying to take responsibility for these 10 exchanges?
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.
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.I agree. I think people have been drawn to smaller exchanges in the past due to lack of options. For example, during a bounty distribution a token might be listed only at the smaller exchanges, forcing the bounty hunters to register to these exchanges to liquidate their bounties. These exchanges also offered tokens that the bigger exchanges were more reluctant to list. Now, as the market has matured, we have a better idea of who the winners and losers will be in the long run, and in large part the winners are listed on the big exchanges. So yes, it's best for investors to stick with large, reputable exchanges.
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.
what is bitquin?
anyway, the solution for this fake volume problem is either: enforce regulation so that each exchange must report their volume and be transparent about it with strict punishment if they fake it, or use a dex.
on top of that, the sec should approve any exchanges that aim to comply with regulation and provide real volume, such as Bakkt (if they're honest). that's the only way to remove the fake volume and signal a green light to bitcoin etf at the same time.
legendary
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What about coinbase and not coinbase pro?
Coinbase pro is the advance trading exchange with more features for coinbase so don't see any need listing the two. OP you list all centralized exchange calling them credible while disregarding the decentralized exchange which are the main focus of the technology been discussed (blockchain). What were the criteria for choosing thesw exchange, was it just based on volume and how popular they're because that's all i can see from your list. Sure you listed some credible exchange but not all on the list should be classified as credible.
All of this site was good enough to start trading, and it's a good choice for new people who want to trade. But I only know Bittrex, binance, poloniex, kraken, bitstamp, bitfinex, and I never try with the rest of the exchanges.
But so far, people will choose binance if they don't want to do KYC and they are very strict with their personal identification. But I don't know about the volume in every exchange because it might get manipulate or not and I think they can do that as we already saw the report that was saying many exchanges have a fake volume as akamit saying.
But personally, I don't have a problem with all the exchanges I used and so far, it still running well for me.
But so far, people will choose binance if they don't want to do KYC and they are very strict with their personal identification. But I don't know about the volume in every exchange because it might get manipulate or not and I think they can do that as we already saw the report that was saying many exchanges have a fake volume as akamit saying.
But personally, I don't have a problem with all the exchanges I used and so far, it still running well for me.
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.
What about coinbase and not coinbase pro?
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.
Mind to give the reference links of the info where you find this 10 platforms that has honest trading volume? Since it is based some data and reports then there should be clear references about the data and reports.
Anyway, I have no doubt that those 10 platform are honest as they are the most popular and trusted exchange sites these days.
OP probably talking about this news of Coindesk > Fake Volume on Crypto Exchanges Isn’t the Half of It.Anyway, I have no doubt that those 10 platform are honest as they are the most popular and trusted exchange sites these days.
Last month and earlier this month there was some news regarding the fake exchange volumes, where it said 95% of the exchanges and its volumes are fake and only 10 exchanges are real.
Another news from Coindesk Exchange Volumes May Be Fake, But Bitcoin’s Value Is Real
i don't think all of those 10 mentioned exchanges are honest to the core at all times of their existence. i believe at some point, some of them did some trading manipulation but yes, they are still the credible exchanges out there as compared to numerous exchanges, which are sprouting like mushrooms these days. fake volume is very common in most of the exchanges. you will see such pattern if you are following a specific coin, and how they build a fake volume in a day. but in reality, they don't have that much money coming in. most of this scenario can be seen when a certain team wants to pump up their coin. and put them in a spot of highly traded coin, giving a false impression to new traders.
On point, even big platforms must have manipulated their voluma by either trading with bots (which I understand done by almost all platform), personal or internal transactions, make fake volume. But, I do believe this exchanges are trusted and widely used by traders and investors because of it's credibility and high market activity.
Mind to give the reference links of the info where you find this 10 platforms that has honest trading volume? Since it is based some data and reports then there should be clear references about the data and reports.
Anyway, I have no doubt that those 10 platform are honest as they are the most popular and trusted exchange sites these days.
OP probably talking about this news of Coindesk > Fake Volume on Crypto Exchanges Isn’t the Half of It.Anyway, I have no doubt that those 10 platform are honest as they are the most popular and trusted exchange sites these days.
Last month and earlier this month there was some news regarding the fake exchange volumes, where it said 95% of the exchanges and its volumes are fake and only 10 exchanges are real.
Another news from Coindesk Exchange Volumes May Be Fake, But Bitcoin’s Value Is Real
i don't think all of those 10 mentioned exchanges are honest to the core at all times of their existence. i believe at some point, some of them did some trading manipulation but yes, they are still the credible exchanges out there as compared to numerous exchanges, which are sprouting like mushrooms these days. fake volume is very common in most of the exchanges. you will see such pattern if you are following a specific coin, and how they build a fake volume in a day. but in reality, they don't have that much money coming in. most of this scenario can be seen when a certain team wants to pump up their coin. and put them in a spot of highly traded coin, giving a false impression to new traders.
Mind to give the reference links of the info where you find this 10 platforms that has honest trading volume? Since it is based some data and reports then there should be clear references about the data and reports.
Anyway, I have no doubt that those 10 platform are honest as they are the most popular and trusted exchange sites these days.
OP probably talking about this news of Coindesk > Fake Volume on Crypto Exchanges Isn’t the Half of It.Anyway, I have no doubt that those 10 platform are honest as they are the most popular and trusted exchange sites these days.
Last month and earlier this month there was some news regarding the fake exchange volumes, where it said 95% of the exchanges and its volumes are fake and only 10 exchanges are real.
Another news from Coindesk Exchange Volumes May Be Fake, But Bitcoin’s Value Is Real
Mind to give the reference links of the info where you find this 10 platforms that has honest trading volume? Since it is based some data and reports then there should be clear references about the data and reports.
Anyway, I have no doubt that those 10 platform are honest as they are the most popular and trusted exchange sites these days.
Anyway, I have no doubt that those 10 platform are honest as they are the most popular and trusted exchange sites these days.
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.
[/size] 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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