Topic: Too many exchanges? - page 5. (Read 21383 times)
More exchanges = more options = more chances to get scam = more wisdom = more demand for decentralized exchanges = more decentralized exchanges
Yes, we see more and more exchange services joining this sector day by day. If we look at the past years, we will see that such services are very few and this situation causes various difficulties. Although there are many exchange services available today, it is important to keep in mind that some difficulties persist and because of this excess service, new ones are added to these problems. Due to the excessive service volume, the transaction volume is distributed in various fields and there are services that highlight the element of insecurity in the market. Of course, besides all these negative sides, there are various good things like trading with low commission, arbitrage or gaining bonus in some services due to the competitive environment.
There are so many exchanges but few can be considered really safe, the first ever is Binance, the second I would say Kraken and in the third to consider good for trading is Bitmex
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?
Having many exchange in this field of crypto business industry is giving confusion to the most community traders here.
Some says that this is an option for us to choose easily an exchange, but it is still good to trade that are always on top
in the market of course, because there is a big impact and its an advantage too.
There are many exchanges out there with different platforms and mouth watering offers. This email users have different options to choose from. The challenge becomes security of funds. This is where they need to invest in
basically most of the reputed crypto exchanges doesn't offer much offers because they are not going to get much benefits other than trading fees, so don't get attracted by the offers just see the feedback about the test charge and also regular volume of the coin you are going to trade on that exchanges.
There are many exchanges out there with different platforms and mouth watering offers. This email users have different options to choose from. The challenge becomes security of funds. This is where they need to invest in
basically most of the reputed crypto exchanges doesn't offer much offers because they are not going to get much benefits other than trading fees, so don't get attracted by the offers just see the feedback about the test charge and also regular volume of the coin you are going to trade on that exchanges.
In any case, only the presence of a large number of junk coins on the cryptocurrency market creates certain problems, but a large number of cryptocurrency exchanges creates competition, where the user can choose the best cryptocurrency exchanges. I am only worried about the fact that certain groups of people can cheat and use little-known trade exchanges to promote certain coins and to sell them in order to get money and give unnecessary coins to trusting anyone. But this is purely my opinion.
There are many exchanges out there with different platforms and mouth watering offers. This email users have different options to choose from. The challenge becomes security of funds. This is where they need to invest in
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?
Exchanges in general is a good idea.
It normally helps users to exchange their cryptos to fiats.
But if you see as of now, then many exchanges have arised and many are ready to scam their innocent customers.
So IMO always go for the trusted and reputable exchanges. They will keep your money safe.
Binance is one of them.
Exchanges in general is a good idea.
It normally helps users to exchange their cryptos to fiats.
But if you see as of now, then many exchanges have arised and many are ready to scam their innocent customers.
So IMO always go for the trusted and reputable exchanges. They will keep your money safe.
Binance is one of them.
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?
Even there are many exchange were We have a lot of options to use em. It is still better and good to use
platform exchange that always on top 30 at the coinmarketcap, it is actually an advantage and safe in my perception.
Because the negative things for me is that if there is a newbie, what if the exchange He use try to use is an exchange
that has no volume in the market and just a piece of shit only, sorry for the terms.
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?
The benefit is that exchanges will minimize transaction fees and enhance security and other functions for new exchange to be competitive with other large exchange.That negative is the irresponsibility of new exchange. Once exchange has become too much, new projects will be established and will try to find many investors and scam all their money.
Yes! There are too many exchanges. But I think, not all of them are secure, regulated and decentralized.
Exchanges are divided into centralized and decentralized, crypto is well decentralized but the most popular exchanges here are centralized exchange. Big exchange are regulated for sure, that' why they have a big volume compared to the decentralized exchange.
That would mean one thing, people want to be secured and they want the crypto space to be regulated.
Currently, I am active on beaXchange and find it to be pretty reliable.
Not familiar with the exchange, is that beaxy exchange?
Yes! There are too many exchanges. But I think, not all of them are secure, regulated and decentralized. Currently, I am active on beaXchange and find it to be pretty reliable.
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?
the confusion is only happening in the difficult situation otherwise the choices are always important if it was not useful or not suitable for us then we can make the changes in our exchange that's why too many exchanges is also helpful in sometimes but we have to select the right one in all the time.most of them are just really similar to each other yet the exchange that do have the best service and UI would always be preferred by
majority that's why we do able to see which one is currently the best.
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?
the confusion is only happening in the difficult situation otherwise the choices are always important if it was not useful or not suitable for us then we can make the changes in our exchange that's why too many exchanges is also helpful in sometimes but we have to select the right one in all the time. But there are not too many good exchanges available. 
Anyway having many exchanges is good but lot of scam exchanges intrude as well so we need to skip scam exchange and start using legit exchanges.
Anyway having many exchanges is good but lot of scam exchanges intrude as well so we need to skip scam exchange and start using legit exchanges.
Many of them are good, but people still don't know about them. There are many exchanges, and there will be many more in the future. Now more than ever we have dapps, and I`m more active there than on some centralized exchange. People should pay more attention to decentralized services, easy to use, without the need for KYC, you have your funds in the wallet all the time, security is better for sure.
And also we don't have much anonymous exchange which can instantly exchange the main coins,if we have some it will be a good thing.
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?
It doesn't matter if there are lot of exchange in cryptocurrency, for what matters is that you earn in the exchange. But as much as possible it is good to trade coins at the exchange on which are always on top 20 at least, due to it is really an advantage if the coins is listed in that platform, I assured you on that.
But there are not too many good exchanges available.
Anyway having many exchanges is good but lot of scam exchanges intrude as well so we need to skip scam exchange and start using legit exchanges.
Anyway having many exchanges is good but lot of scam exchanges intrude as well so we need to skip scam exchange and start using legit exchanges.
Many of them are good, but people still don't know about them. There are many exchanges, and there will be many more in the future. Now more than ever we have dapps, and I`m more active there than on some centralized exchange. People should pay more attention to decentralized services, easy to use, without the need for KYC, you have your funds in the wallet all the time, security is better for sure.
But there are not too many good exchanges available.
Anyway having many exchanges is good but lot of scam exchanges intrude as well so we need to skip scam exchange and start using legit exchanges.
Anyway having many exchanges is good but lot of scam exchanges intrude as well so we need to skip scam exchange and start using legit exchanges.
The more exchangers, the better for the whole digital market, because everyone will try to offer the best tools that can be convenient for both beginners and professionals, the competition gives rise to the best!
This is just the tip of the iceberg. As a result, we get a huge number of exchanges on which there are no real people, but there are bots that infinitely wind up exchange volumes.
Such exchanges mean not having sufficient competitiveness with other exchanges. But I don't think we need to worry about this kind of exchange because it won't be able to manipulate the market. Actually, traders will surely know that trading is full of bots like that, which is clear they won't use such an exchange.
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