"We estimated 504 cryptocurrency exchanges as of to date, but this can change at any moment. 259 of these exchanges are tracked on CoinMarketCap, while others are still in their start-up period. According to CMC, we have 18,998 markets in which we can trade crypto."
Source of quote: https://www.cryptimi.com/guides/how-many-cryptocurrency-exchanges-are-there#:~:text=We%20estimated%20504%20cryptocurrency%20exchanges,which%20we%20can%20trade%20crypto.
So from all these exchanges you really think just 5 are reliable? Who think this is true is wrong, there're many reliable exchanges. The ones in the op list are just the biggest ones, and most popular, but don't underestimate smaller ones, they can be same as good as the big ones. Exchange where I spent most of the time is Kucoin, and I have other 4-5 exchanges where I am active once or twice per week.
Topic: Those reliable exchanges on the market - page 3. (Read 1147 times)
We always choose bigger exchange and forget many small exchange but could make some coin suddenly up more than 100% like IDEX and hotbit, I get many coin could pump above 200% in IDEX or Hotbit and never get news with bigger exchange to make some coin pump on higher price until now.
Most of the time traders are only focusing with big exchange especially those who are doing leverage or those who are into day trades as they are more
interested with the real action than those pumped and dumped manipulations, traders who are dealing with this business are making good profits even it's not that kind of huge increase.
Managing your funds and focusing with your day trade opportunities than trying to get instant profits but the kind of risk are very high.
Pump and dump actions which possibly you'll be trapped along the way, also, bot there are many action from small exchange that being catered you really have to consider everything to lessen your chance losing your investment.
binance and Okex are the two best exchanges mentioned. although sometimes I also like huobi, however, for now, I prefer to use one of the two exchanges that I mentioned. moreover, binance, I quite like the events that they sometimes create.
Binance will be enough to be used for trading, even for new people who don't have much knowledge about trading, but they must learn more if they want to profit from trading. Binance still the big exchanges among the other exchanges, and if you use binance, you don't need to fill KYC if you don't need it. That will be your benefits because you don't have to send your documents to the exchanges. Binance itself has many good IEO, which you can use as the investment.
Honestly when they hack you for 7000 bitcoins and you continue like nothing happened and never show that issue to customers themselves, you get A+ in my book without a doubt. These guys got hacked like crazy, it wasn't a small amount neither, 7k bitcoin worths 81 million dollars right now, 81 million dollars is bigger amount than 90% of peoples incomes yearly, probably more as well, so they have lost so much money that they could have just said "we are sorry, we can't handle this loss, we are closing" and just exit scam.
Not only they didn't do that, they didn't charged the customers one cent from that, they just paid it from their own pockets from the money they made on the trading fee's and they continued their business like nothing happened at all. How could you not trust that.
Not only they didn't do that, they didn't charged the customers one cent from that, they just paid it from their own pockets from the money they made on the trading fee's and they continued their business like nothing happened at all. How could you not trust that.
We always choose bigger exchange and forget many small exchange but could make some coin suddenly up more than 100% like IDEX and hotbit, I get many coin could pump above 200% in IDEX or Hotbit and never get news with bigger exchange to make some coin pump on higher price until now.
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binance and Okex are the two best exchanges mentioned. although sometimes I also like huobi, however, for now, I prefer to use one of the two exchanges that I mentioned. moreover, binance, I quite like the events that they sometimes create.
Binance will be enough to be used for trading, even for new people who don't have much knowledge about trading, but they must learn more if they want to profit from trading. Binance still the big exchanges among the other exchanges, and if you use binance, you don't need to fill KYC if you don't need it. That will be your benefits because you don't have to send your documents to the exchanges. Binance itself has many good IEO, which you can use as the investment.
Binance has demonstared trust over time even when they were hacked. Bittrex also seem decent and I am on a look for BitMax, they are currently doing well beyond my imagination.
I have no doubt using Binance. But Bittrex is now requiring KYC, so not using that exchange anymore. I used to trade some alts before in Bittrex. Other exchanges mentioned by the OP are popular ones. But even though they are known to the community, it is always better to safeguard your coins. So as much as possible, secure your coins in your own wallets.
Binance is no doubt much better than Bittrex at the moment. Before I like Bittrex but until one day they disabled my account all of a sudden,
due to that, I need to submit KYC then my assets were there I submitted or comply the KYC for the sake of my token that was stored on Bittrex
then after I verified my KYC I withdraw all the assets I have in there. One more thing Bibox, Lbank, Houbi, and Okex was also a good exchange too.
These exchanges are well trusted by traders because of their popularity and reputation. As a trader its important to choose the exchange where you will entrust your coins especially that hacking is common nowadays. Binance is one of the top exchange available on the market, if your coins are listed there expect a good volume and its unlikely to turn shitcoins though of course its not 100% guaranteed because it depends on the progress and dev of the project.
So if you're newbies looking for an exchanges, go for an exchange that most traders trust and use.
So if you're newbies looking for an exchanges, go for an exchange that most traders trust and use.
Don't forget that exchange can also delist a coins in their exchange so its not really safe buying any Altcoins and it can be a shit coins in the future, so no one knows even if its listed in popular exchange such as binance they can also be delisted if that currency doesn't have anymore demand and volume same with other exchange.
For choosing an exchange you can try those exchange that use by many people, but like other said don't just stored it an exchange and use only exchange when you plan to convert your coins to other currency and its is much more secured if you stored it in your own wallet.
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binance and Okex are the two best exchanges mentioned. although sometimes I also like huobi, however, for now, I prefer to use one of the two exchanges that I mentioned. moreover, binance, I quite like the events that they sometimes create.
Honestly I do not use bittrex anymore because the GUI is not as good as binance, but I do trust them, the KYC thing is never a problem for me because I did give my KYC to binance as well, they have all my information and my picture and everything, I do not mind it. I know who I am and I know who they will share, if anyone wants my information from them I would be fine with them sharing it, I don't care.
So, it is not KYC reasons why I quite bittrex, I did moved to binance long before bittrex started to ask for KYC, binance also doesn't ask it if you are under certain level and I am under that certain level so I didn't had to do KYC and yet I still did. Long story short, KYC is not only reason why people move to other places, there are other reasons why they could move as well.
So, it is not KYC reasons why I quite bittrex, I did moved to binance long before bittrex started to ask for KYC, binance also doesn't ask it if you are under certain level and I am under that certain level so I didn't had to do KYC and yet I still did. Long story short, KYC is not only reason why people move to other places, there are other reasons why they could move as well.
Binance, & Coinbase I think are the best suitable exchange not only for begineers but also the best for the experts. Many exchange sites are been shut down due to small amount of traders due to their failed systems and too much problems. Binance deserves to be the top exchange site right now. They seem that they will offer more improvement in their platform. Trades with discounts are a huge help for those small traders.
These exchanges are well trusted by traders because of their popularity and reputation. As a trader its important to choose the exchange where you will entrust your coins especially that hacking is common nowadays. Binance is one of the top exchange available on the market, if your coins are listed there expect a good volume and its unlikely to turn shitcoins though of course its not 100% guaranteed because it depends on the progress and dev of the project.
So if you're newbies looking for an exchanges, go for an exchange that most traders trust and use.
So if you're newbies looking for an exchanges, go for an exchange that most traders trust and use.
Don't forget that exchange can also delist a coins in their exchange so its not really safe buying any Altcoins and it can be a shit coins in the future, so no one knows even if its listed in popular exchange such as binance they can also be delisted if that currency doesn't have anymore demand and volume same with other exchange.
For choosing an exchange you can try those exchange that use by many people, but like other said don't just stored it an exchange and use only exchange when you plan to convert your coins to other currency and its is much more secured if you stored it in your own wallet.
I try many exchange but i put much money in catex because i love to earn passive income on their staking which is good enough income for the month even i do not do actual buy and sell of crypto.
What token anyway do you choose for staking to cat.ex dude? Because, as far as I know when I checked this cate.ex you are
referring at most of the token for me don't have enough demand, and the period of time was too long also, even there is 7 days or 1 month
I don't know if I am right with my thought about this one.
Binance has demonstared trust over time even when they were hacked. Bittrex also seem decent and I am on a look for BitMax, they are currently doing well beyond my imagination.
I have no doubt using Binance. But Bittrex is now requiring KYC, so not using that exchange anymore. I used to trade some alts before in Bittrex. Other exchanges mentioned by the OP are popular ones. But even though they are known to the community, it is always better to safeguard your coins. So as much as possible, secure your coins in your own wallets.
maybe thats the reason why bittrex is not popular as before . never tried coinbase exchange but i have this feeling that they have the same standards on what they have on thier wallet version .
the rest 3 are popular and ive heard of them . the list on the first page is not in correct order ? because i feel that binance should be on first . binance has been hacked but this does not tear down the support of the traders towards them .
Binance has demonstared trust over time even when they were hacked. Bittrex also seem decent and I am on a look for BitMax, they are currently doing well beyond my imagination.
I have no doubt using Binance. But Bittrex is now requiring KYC, so not using that exchange anymore. I used to trade some alts before in Bittrex. Other exchanges mentioned by the OP are popular ones. But even though they are known to the community, it is always better to safeguard your coins. So as much as possible, secure your coins in your own wallets.
Binance has demonstared trust over time even when they were hacked. Bittrex also seem decent and I am on a look for BitMax, they are currently doing well beyond my imagination.
These are no doubt good exchanges in crypto, but for me, I don't need a lot of exchange as I am already satisfied in using one exchange.
Currently, I am trading at Binance and I have the same satisfaction that I have before, and mind you, I also invested on them through their BNB coin.
I think Binance is more than enough for investors and if you have decided to trade here, you will feel different from other exchanges. I was trading here when this exchange was just established and of course I also made a lot of great profits. The coin that I feel best to hold is BNB because holding this coin helps me to reduce transaction fees or can use BNB to participate in some big IEO projects. Currently, I am trading at Binance and I have the same satisfaction that I have before, and mind you, I also invested on them through their BNB coin.
These are no doubt good exchanges in crypto, but for me, I don't need a lot of exchange as I am already satisfied in using one exchange.
Currently, I am trading at Binance and I have the same satisfaction that I have before, and mind you, I also invested on them through their BNB coin.
Currently, I am trading at Binance and I have the same satisfaction that I have before, and mind you, I also invested on them through their BNB coin.
We have to be extra careful when it comes to picking a quality platform to deal with Crypto. And I very much try that only. It’s quiet simple through ChangeNow, one of the best platforms to buy/exchange Cryptocurrencies. The talking point is having over 170 options to choose from including BSV Coin, which I did not found in so many platforms. While the speed, simplicity and support, it’s just too good and something I truly enjoy getting.
There are other reliable exchanges too. I've been using liquid.com so far and I've been enjoying trading with the exchanges. They give updates about maintenance on time. They have several currency to trade with. There is balance portfolio and their margin trading is quite easy to use and understand. Also some others good exchanges are out there like this.
I think those exchanges deserved to be recognized for their performance in crypto world but we expect that they will deliver more improvements. Binance, Coinbase and BitMex are crypto exchange site that I’m using right now. I have no problem with them in fact these three should be the target when listing in crypto exchange. These days knowing the names of popular exchanges is not enough to make you safe, if your are not very cautious, you will be a victim of phishing or whatsoever scammers do to imitate a well-known platform just to scam people. But of course, knowing these exchanges are better than nothing to minimized the risk, what I am trying to say is we need to be careful everytime. These exchanges are good and I would recommend to use it too.
When it comes on choosing exchange then its no brainer that you would really need to select on which one is the best and popular but there are really people who do lost up their path
on where they do end up on using unknown exchange.
Possible reasons?
-Theres no coins that they can trade up or able to sell into their shitcoin rather than into those unknown exchange.
-They do just directly click when they do make up some google search.
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