scam exchange - page 2. | Bitcointalksearch.org

khaled0111

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Quote from: mr.bitcoinerf12 on May 02, 2019, 05:08:00 AM

so if one of exchanges has 100k usd trading volume and 5% is real volume how we can buy form this exchange then

You will have to compete with their bots, which are used to create a fake trade volume, to get your order filled.

Exchanges are using bots to fake the trade volume in order to rank up on CMC and thus attract more traders.

According to the last report of the Blockchain Transparency Institute:

Quote

We found 17 of the CMC Top 25 exchanges to be over 99%+ fake with many greater than 99.5% fake volumes, including 35 of the top 50 adjusted volume rankings.

https://www.bti.live/reports-april2019/

mr.bitcoinerf12

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so if one of exchanges has 100k usd trading volume and 5% is real volume how we can buy form this exchange then

logfiles

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Fake volume = Higher coinmarketcap 24 hour volume rankings = More traders registering/More Coins listing/More Money from listing and trading fees.

akamit

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Quote from: mr.bitcoinerf12 on May 02, 2019, 04:14:31 AM

why there is so many scam exchanges across all cryptocurrency with fake volume

Fake volume is one of the aspects of marketing strategy and it is done mostly from the non-famous exchanges to pull traders. But it's definitely a shit trick imo.

The most surprising thing for me was when I knew that 95% of the exchanges and its volumes are fake and only 10 exchanges are real.

bob123

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That's simple. Money.

Scammers are everywhere where money can be made.

That's the reason it is important to only use well-known exchanges and not some new ones or ones with extremely low volume.
The lower the volume is, the easier it is to manipulate the price.

Depending on your country of residence, you might not have access to all exchanges. But choose the most suitable for you (trading the coins you need, large enough, reputable).

mr.bitcoinerf12

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why there is so many scam exchanges across all cryptocurrency with fake volume

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