Topic: Too many exchanges? - page 11. (Read 21374 times)
if in my own opinion I don't think there will be any impact on us, because usually the new exchange takes a long time to get members who want to do the tranding in their exchange
many exchange mean good for cryptocurrency
thats mean more growing on cryptocaps
but nowdays many exchange that just launch then no stay longer
or there is no transaction there
thats mean more growing on cryptocaps
but nowdays many exchange that just launch then no stay longer
or there is no transaction there
Many exchange doesn't mean good for the crypto-world, especially those exchanges targeted to scam investors with different methods or system put in place. Recently we had heard issues with many exchanges of exit scam while others with KYC scam, to make deposit without KYC but to make withdraw with KYC.
For me it is good that we have so-many exchanges so that we can choose what is good for us. Also, there are these non-custodial exchanges with no KYC feature. One among such website are CoinSwitch.co. They let users trade anonymously.
in some cases no kyc restricts your abilities,e.g. you can not trade fiat/cypto without kyc and deposit/withdrawal limits are tough. anyway, regulation will make this field better and more usable for people
many exchange mean good for cryptocurrency
thats mean more growing on cryptocaps
but nowdays many exchange that just launch then no stay longer
or there is no transaction there
thats mean more growing on cryptocaps
but nowdays many exchange that just launch then no stay longer
or there is no transaction there
Many exchange doesn't mean good for the crypto-world, especially those exchanges targeted to scam investors with different methods or system put in place. Recently we had heard issues with many exchanges of exit scam while others with KYC scam, to make deposit without KYC but to make withdraw with KYC.
For me it is good that we have so-many exchanges so that we can choose what is good for us. Also, there are these non-custodial exchanges with no KYC feature. One among such website are CoinSwitch.co. They let users trade anonymously.
in some cases no kyc restricts your abilities,e.g. you can not trade fiat/cypto without kyc and deposit/withdrawal limits are tough. anyway, regulation will make this field better and more usable for people
First of all, I only stick to two three top exchanges and I won't keep big funds on any exchanges. The more exchanges popping up every now and then means there are more probability for exit scams. Exchanges are nothing without volume. Too many exchanges only diminishes the credibility of crypto. We have seen many issues in the past. I think exchanges would survive only with active investors.
Exchange will survive as long as there's traders who's willing to take the risk using the platform, with new additions of those exchange platform traders got a lots of options, what we needed to do is to dully check and review what new exchange have to offer and how secure the business
knowing those grounds will allow us to be confident using the service.
We are seeing more and more exchanges nowadays. Is it beneficial to the community if we have more of these? What do you think are the benefits and/or the negative impact on having too many exchanges?
Too many exchanges still not convincing the traders to use their sites so it is still not making any changes to the cryoto field but having more exchanges have more benefits for the traders which can give mkre options to pick exchange with less fees.
Well the more competitors, probably better for the customers. That'll force the newer exchanges to make sure their services are better to attract customers and the older ones to make sure they keep up. Of course there will always be illegitimate among these exchanges and it'll be up to the traders to practice precaution.
First of all, I only stick to two three top exchanges and I won't keep big funds on any exchanges. The more exchanges popping up every now and then means there are more probability for exit scams. Exchanges are nothing without volume. Too many exchanges only diminishes the credibility of crypto. We have seen many issues in the past. I think exchanges would survive only with active investors.
A big number of crypto exchanges mean high competitiveness. And in order to distinguish from competitors, they introduce new features, more cryptocurrencies, better security measures, bonuses and referral programs. In general, the users benefit from it. Plus there is a wide choice of platforms so everyone can find one that fits the most. For me, security and legality is a top concern. Therefore, I use cex. In addition to high-level security and certificates, the exchange offers reasonable fees and supports both fiat money (https://cex.io/bch-eur) and cryptocurrency for trading. Every platform tries to find its killer feature to attract users.
On the other hand, the existence of too many exchanges can confuse. In such a case, it becomes easier for scam projects to hide among the reliable and trusted platforms.
On the other hand, the existence of too many exchanges can confuse. In such a case, it becomes easier for scam projects to hide among the reliable and trusted platforms.
We are seeing more and more exchanges nowadays. Is it beneficial to the community if we have more of these? What do you think are the benefits and/or the negative impact on having too many exchanges?
Too many exchanges still not convincing the traders to use their sites so it is still not making any changes to the cryoto field but having more exchanges have more benefits for the traders which can give mkre options to pick exchange with less fees.
There are a lot of pros and cons, so I will say this:
The main plus in freedom. You can choose any exchange. Each platform has its own conditions, so you can choose the ideal for yourself.
The main con is that there are many exchanges that do their job not in good faith. It is not a secret to anyone that most small exchanges do not do their job at all.
The main plus in freedom. You can choose any exchange. Each platform has its own conditions, so you can choose the ideal for yourself.
The main con is that there are many exchanges that do their job not in good faith. It is not a secret to anyone that most small exchanges do not do their job at all.
There are really a lot of exchanges, but very few good ones enjoyed by a large number of people, they mostly open up but they are not used by anyone, and these exchanges have no future
I think eventually many people will only use a few exchanges and the others will go. Your exchange has to be different to stand out in front of all the others.
some exchangers are only interested in the end result, when they see the success of the exchanger who has been successful first, without them realizing that they cannot be better than the exchanger that already exists.they should be able to cover the shortcomings of existing exchanger so that they can be the best choice for traders to trade their coins on the exchanger.
The disadvantage I see is that the exchanges might not have good volumes.
This is Because when a coin is trading on so many exchanges , traders and investors are at liberty to but from any exchange of their choice .
And so because the coin is not listed on one exchange....the expected volumes from that particular coin becomes unconcentrated in one exchange.
There are many advantages, one if which is it presents people with the choice of buying their altcoins from any exchange of their choice .....which increases user participation while increasing adoption rate.
This is Because when a coin is trading on so many exchanges , traders and investors are at liberty to but from any exchange of their choice .
And so because the coin is not listed on one exchange....the expected volumes from that particular coin becomes unconcentrated in one exchange.
There are many advantages, one if which is it presents people with the choice of buying their altcoins from any exchange of their choice .....which increases user participation while increasing adoption rate.
There is more benefits of having more exchanges site now because it can help to have a lot of traders to buy altcoins. But it can cause also to dump because once the exchanges site are scam the funds they get will convert into real money that cause to dump price because they will get millions of dollars in small exchanges site how about big exchanges site incase they become scam.
If you are participating bounty campaigns, your tokens will not be directly listed in the coinmarketcap, thus the team will listed their tokens to newly existed exchanges while negotiating for the other exchanges.
Whether new or old, there is a certain requirements that you coins will be listed in the coinmarket.AFAIK, you need to have a good volume and listed in at least 2 exchanges, and it's possible even a coin is new as long as the team will pay.
Only the problem is that might this exchanges won't have a huge market volume in which price will drastically dump and it is so sad that it won't recover easily.
That's the problem now, it's because of the market sentiment so most coins has no liquidity.
It might be hard to recover but I believe it's still possible, it will only take time and for us to enjoy selling at a good rate, we have to wait.
The great number of the exchanges leaves us a choice: we can pick any of them. Certainly, before you decide to make an exchange here or there, read the reviews about the resource attentively.
us more options or choices when it comes to exchanger yet there are tokens which are being traded only on some certain exchange because not all is only being listed on
a single one.
It do have advantages and disadvantages though but overall the decision and outcomes will still always depend on how users would choose on any of them.
Having more exchanges would lead to better exchanges. More competition would happen. I would add to all of the others that opportunity for arbitrage would be more. It would have to find opportunities from other exchanges to buy smaller positions. I would love to start using Arbitrage and soon Gunbot would have that. So better watch out 
If you are participating bounty campaigns, your tokens will not be directly listed in the coinmarketcap, thus the team will listed their tokens to newly existed exchanges while negotiating for the other exchanges.
Whether new or old, there is a certain requirements that you coins will be listed in the coinmarket.AFAIK, you need to have a good volume and listed in at least 2 exchanges, and it's possible even a coin is new as long as the team will pay.
Only the problem is that might this exchanges won't have a huge market volume in which price will drastically dump and it is so sad that it won't recover easily.
That's the problem now, it's because of the market sentiment so most coins has no liquidity.
It might be hard to recover but I believe it's still possible, it will only take time and for us to enjoy selling at a good rate, we have to wait.
The great number of the exchanges leaves us a choice: we can pick any of them. Certainly, before you decide to make an exchange here or there, read the reviews about the resource attentively.
many exchange mean good for cryptocurrency
thats mean more growing on cryptocaps
but nowdays many exchange that just launch then no stay longer
or there is no transaction there
thats mean more growing on cryptocaps
but nowdays many exchange that just launch then no stay longer
or there is no transaction there
Many exchange doesn't mean good for the crypto-world, especially those exchanges targeted to scam investors with different methods or system put in place. Recently we had heard issues with many exchanges of exit scam while others with KYC scam, to make deposit without KYC but to make withdraw with KYC.
For me it is good that we have so-many exchanges so that we can choose what is good for us. Also, there are these non-custodial exchanges with no KYC feature. One among such website are CoinSwitch.co. They let users trade anonymously.
I don't see the problem with having too many exchanges, it's good to have many options to choose from and it creates a healthy competition, the problem is that these new exchanges that enter the market are either scam, have a huge amount of fake volume, or just there to ask users for kyc and probably sell those personal informations somewhere...
As long as the quality doesn't replace with quantity in exchanges it's really beneficial for cryptocurrencies overall, but unfortunately that's not the case nowadays and weirdly enough there are actually people that use these kind of exchanges daily without even thinking twice.
This is really popular at new exchanges. I think we need to stay away from these exchanges because there are so many good exchanges waiting for us. Just choose for yourself the best exchange to keep your assets safe, then you can focus on making big profits. As long as the quality doesn't replace with quantity in exchanges it's really beneficial for cryptocurrencies overall, but unfortunately that's not the case nowadays and weirdly enough there are actually people that use these kind of exchanges daily without even thinking twice.
We are seeing more and more exchanges nowadays. Is it beneficial to the community if we have more of these? What do you think are the benefits and/or the negative impact on having too many exchanges?
Yes guys you are saying very important and effective information. Day by day number of exchanges are increasing too much. It has create an impact on crypto market. many exchange mean good for cryptocurrency
thats mean more growing on cryptocaps
but nowdays many exchange that just launch then no stay longer
or there is no transaction there
thats mean more growing on cryptocaps
but nowdays many exchange that just launch then no stay longer
or there is no transaction there
Many exchange doesn't mean good for the crypto-world, especially those exchanges targeted to scam investors with different methods or system put in place. Recently we had heard issues with many exchanges of exit scam while others with KYC scam, to make deposit without KYC but to make withdraw with KYC.
Jump to: