Too many exchanges? - page 21. | Bitcointalksearch.org

Bunsomjelican

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Quote from: otandelapaz on September 18, 2018, 10:44:22 AM

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?

Yeah right, there are also many shit exchanges too. So still be careful in choosing on which platform you are going to use it, for me I would rather to have a few exchanges than many. At least even there are few of them You or We are sure that platform is safe and trusted. Unlike we have a lot of exchange but most of them are not good to use in instead some are just trying to steal coins from the traders. Meaning, too many exchange will only gives confusion to the community, the only advantage is when the platform exchange are well established and has a good track record in the market and has a high volume too.

Sri rahayu

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Although there are many exchangers, I only trade on exchangers that I entrust, because the new exchanger is not necessarily guaranteed the security of my assets and data, the more exchangers, the easier it is to choose which exchangers i think are good and never have problems.

Question123

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They have benefits and also negative. Benefits is easy to investor to buy they want altcoins and bitcoin. It can easily to purchase bitcoin if you are country are supporting it. But if the exchanges site are scam that is not good or negative of having more exchanges site.

paynercash

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Too many exchanges will be one of the opportunities for competitive exchanges, whereby the middle trader will be more profitable, competing and always offering low cost. There are newer gadgets available on the exchange

boty

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when there are so many exchange places like this you should be able to take advantage of the moment of cryptocurrency price differences and movements because cryptocurrency prices usually differ in price and volume.

Quidat

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Quote from: otandelapaz on September 18, 2018, 10:44:22 AM

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?

I think it's not just for the beneficial to the community but what i have been thinking is that we all need a known exchanges in our country. So, i think they just make this exchanges to join the competition of the other exchanges on their country. Though it is different today than in previous years whereas exchanges are totally anonymous to most of us but now it seems that it is a national order to ask a KYC if they want to make an exchanges in their city.

ice18

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Too many exchanges means more liquidity but less volume because its divided on many exchangers like in binance I can see some coins which has very large volume but in other exchange very less another disadvantage of having many exchange is its more prone to hacking some exchanges doesn't meet the security standard which tend to loss many coins in most traders, Im not against having very many exchanges today but the security must be very tight in every platform.

pragna

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Quote from: otandelapaz on September 18, 2018, 10:44:22 AM

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?

I think it is too many problematic for everybody. Maximum times it does problems for bounty hunters and traders. If anybody have 50 different tokens and that are in 50 different exchanger, its very panic to open account and keep password. But matter of reality that we have nothing to do to stop this exchanger opening. Thats rally panic for all.

criptan77

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It became too easy to open exchange, and there is lack of safety for new users on most of them. You can expect that they could disappear the same fast as they opened with all user's founds. Scam-exchanges bring just bad reputation to all crypto as mostly newbie traders use them and lose their money there
I think should be some kind of regulation in exchange field like in ICO.

breathlessz

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Quote from: iamlds08 on October 26, 2018, 12:43:28 PM

i dont see negative on so many exchanges as long as the market volume is up and there are active traders why not? it will give us an option to chose exhanges and for exchanges not to take high rate fees.

right, with so many exchanges, meaning that you have grouped coins or good tokens. A good coin will certainly list in a good exchange. and vice versa. but the better the exchange, the better the volume

fasdorcas

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Quote from: letecia012 on October 25, 2018, 10:52:50 PM

Quote from: otandelapaz on September 18, 2018, 10:44:22 AM

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?

this can benefit trader by paying lesser transaction fee since new trading exchange usually offer less transaction fee to attract traders but the risk that traders may face is if this exchanges are secure and safe to use. I may suggest to trade only to most reputable crypto exchanges for you investment security.

Well, it depends. When Binance came into play with their transaction fees that really drove a lot of users away from bittrex pretty fast, I thought at least, bittrex will come out with their own incentives for traders that will make things a lot easier.

Still it seems they are so much in their comfort zone, which I still believe no matter what, they would still have considered it several times, but as we keep seeing more coming up with good fees, reputation, security, legitimacy, the likelihood of seeing old exchanges losing users and then trying to brace up to stay on top of their game will most definitely be there, which is why I believe that in anyway, competition is always going to be a good thing for us as the users.

iamlds08

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i dont see negative on so many exchanges as long as the market volume is up and there are active traders why not? it will give us an option to chose exhanges and for exchanges not to take high rate fees.

waitforme

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The new exchange platforms that appear every day make much fear that this will severely affect Crypto. But do not worry, you can create new exchange platforms, but if you do not have users, then it will die out over time.

AdamRay

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Quote from: otandelapaz on September 18, 2018, 10:44:22 AM

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?

I really like this. Because trading platforms will reduce transaction fees and try to create the best quality trading platform. The most profitable ones are the investors like us. I like the struggle to win power.

sulendra12

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Quote from: hero1111 on October 26, 2018, 11:15:43 AM

I think too many exchanges mean is not important and the important thing is the number of quality reliable exchanges. If the crypto market has quality, reliable, systematic exchanges it will be useful for all crypto market and people will be in save with them, if there are insecure exchanges it will be not good for all crypto market.

Yes, we don't need to start bitching about too much shit exchanges in the internet. As long as you are using reliable exchanges, you don't even need to give a shit about those shit exchanges(unless coins that you are holding right now belongs to those shit exchanges).

hero1111

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I think too many exchanges mean is not important and the important thing is the number of quality reliable exchanges. If the crypto market has quality, reliable, systematic exchanges it will be useful for all crypto market and people will be in save with them, if there are insecure exchanges it will be not good for all crypto market.

enhu

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Quote from: Rahar02 on October 26, 2018, 10:36:12 AM

Quote from: gilangIDR on October 26, 2018, 09:21:54 AM

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This will be a positive thing because then we can choose the best one including the number of exchanges currently available.

Indeed, more exchanges emerge indicate positive development and adoption of cryptocurrencies across the world and give us more option to trade on other exchanges abroad which may have significantly different prices regarding deposits, withdrawals, and other transaction fees.
Moreover, cryptocurrencies rates vary from one exchange platform to another, the prices can fluctuate even up to 10% at a time, especially on exchanges in Asia region.
Nevertheless, it's not easy to register on the exchange overseas which require id for kyc policy.

It also means the exchange business is booming that developers want to grab a share of it since in the later days, its these exchange tokens that will dominate int he market due to its use case in their own ecosystem. Binance really has started this trend, from there on, we found ourselves investing to BNB token.

Rahar02

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Quote from: gilangIDR on October 26, 2018, 09:21:54 AM

~
This will be a positive thing because then we can choose the best one including the number of exchanges currently available.

Indeed, more exchanges emerge indicate positive development and adoption of cryptocurrencies across the world and give us more option to trade on other exchanges abroad which may have significantly different prices regarding deposits, withdrawals, and other transaction fees.
Moreover, cryptocurrencies rates vary from one exchange platform to another, the prices can fluctuate even up to 10% at a time, especially on exchanges in Asia region.
Nevertheless, it's not easy to register on the exchange overseas which require id for kyc policy.

gilangIDR

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Quote from: otandelapaz on September 18, 2018, 10:44:22 AM

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?

I think that the more Exchange then it would be better to create a healthy competition. Because then every exchange will continue to try to show the best service, each exchange will try to attract many members with various features that are better than other exchanges. This will be a positive thing because then we can choose the best one including the number of exchanges currently available.

NantiNine

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Quote from: Helena Ruben on October 26, 2018, 05:32:48 AM

I have recently popped on one, I become interested about, since Im looking to start trading with a low fees and start investments.
SociumTrade platform - not much information yet out, i was surprised after checking their Roadmap, they have been working on product like a couple of years and yet its just about to be released. One thing I like about it, that if the project going to work well, they have an investment pools and consortsiums, where you can join in with investments and trade with others, i haven't come across that option before in any exchange. As for other options, mainly same as in exchanges, just more advanced. And If you know one, give a hint and Ill check. As thats what Im looking for.
[/quote]

So they are not exactly exchange, am I getting it right?

Topic: Too many exchanges? - page 21. (Read 21374 times)