Topic: Some questions about platforms. (Read 140 times)

Exstasie:
Bitstamp is one I did join already one of the first a very long time ago along with Binance for sure is the one I will be going with since they have all the coins I am looking at recently. I am fine with just a selfie here and there but they do ask for passports and so on. SSN I am not American so that is great news here.

Thank you very much Exstasie! Very helpful so this is what it was. Once it drops below $10,000 it is removed or not on the list. I was thinking exit scam or something of this nature.


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quantumcat:

I did look at yobit.net a bit more and figured not worth the problems and the fees and the things they ask for. I seen the site was very popular in Russia and had Asian translation on it so not a clue plus site ranking. Something told me to stick with the top 10 platforms if anything.

Sorry guys I have no idea how to reply for 2 people at the same time in one post.

Thank you very much. The reason I wanted to do more then just 2 or 3 is because newer coins coming out all the time. I did one was not so great and did also find out you can buy it from another place even if the stats show you can only buy it on that platform. I just wanted to be verified and ready for when the day comes for it. Just jump on, buy and wait on it to go up.

I also noticed all the coins are in random platforms be nice if it was just 1 for all.

This. There are many shady exchanges so one needs to be careful, and the biggest ones are safest for sure.

I would watch out for most of them and stick to the reputable exchanges. Bitstamp, Gemini, Coinbase/GDAX and Bitflyer are all licensed and trustworthy. With Bittrex's recent issues (accounts being locked, new KYC policies and lowered withdrawal limits), Binance has quickly become the most trusted altcoin exchange.

That said, I would spread around the third party exchange risk and not keep all my eggs in one basket. Any of these services could be hacked and immediately become insolvent.


I remember when I first got into Bitcoin. This was my mindset as well. The truth is that a lot of these exchanges are pretty shady and I'd rather not give my ID to them. One or two exchanges like Bitstamp or GDAX? Fine. But I'm not giving my passport and SSN to random shitcoin exchanges. That's asking to get your identity stolen.


Can't say for sure. But they have a minimum daily volume threshold ($10,000 I think). I imagine if a coin drops below that threshold for some period of time, it gets removed from the rankings. Not sure, though.

your English isn't so bad but in regard to your question it would seem that to participate in all 100 platforms would be an awful lot of work.  I think it would make more sense to do some research and pick a few that have good reputations and the coins you want to trade and focus on those.

Is there a reason you want to deal with all 100?

Yeah I'll wait for the others to reply.

In order for coins to get listed on coinmarketcap, they have to have, at the least, a $10k USD a day trading volume; if im not mistaken.  Could be wrong, i'm sure more individuals in the know will chime in...

Hi everyone so quick questions out of the 100+ platforms to trade coins on.

Are there some you would say need to watch out for? Or are they all truth worthy? I seen some that are very popular in Russia and also have Chinese mode from English translator, as well as Russian.

Some are so hard to navigate on, won't allow an address for the coin you want to get (Deposit for such currency is temporary off.) And it's like the only platform the coined is offered on aswell. Why would they not allow it? Should this be a warning or is it just how it is sometimes?

Some of these verification processes take forever. I guess it's best to sign up on all 100 maybe and wait it out until verified or the right time comes?

I've noticed last week on coinmarketcap.com there was 1,372 coins, then 3 days later 1,380 coins, then this morning 1,370 coins not back too 1,372? This change means a coin was taken off the market or what? Was it a exit scam or something like that?

Also some of these coins when clicking on the names to get more information about them. Has no information on Circulating Supply. Some have a total supply and some don't. Is there a place to find out what the supply is at all or nothing really (using coinmarketcap)?

Last question. For platforms paying out for withdrawing the funds to the bank account. Do they pay up in the few $100k? Or is it best to withdraw little by little daily? I've heard some people get account locked up and frozen without any explanations, even on verified accounts. I understand not all platforms might not have the money directly to pay out. So is it best to just transfer BTC/another coin to a more popular trusted platform to do this process maybe?

Thank you so much!

Sorry for my grammar on the English topic here.