Too many exchanges? - page 6. | Bitcointalksearch.org

shoreno

full member

Activity: 1750

Merit: 118

Quote from: pinkpanther03 on June 22, 2019, 01:24:49 AM

Quote from: otandelapaz on September 18, 2018, 11:44:22 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?

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.

it doesnt matter ? of course it does matter because if there were too many exchanges we can also expect that most of these are only scam or have a bad service , so instead of wasting our time trying those , why cant we just have a few exchanges that is legit and already trusted . in that way veteran and newbie traders are safe everytime they trade thier coins .

Quote

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

some coins especially those coins that you can only get on an airdrops and on a bounties are usually listed on the unrated exchange or on the exchange that are not on the top list .

pinkpanther03

hero member

Activity: 1092

Merit: 501

Quote from: otandelapaz on September 18, 2018, 11:44:22 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?

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.

yvesp110

hero member

Activity: 1092

Merit: 501

Quote from: Aivaryamal on June 20, 2019, 05:38:20 AM

Now really there are more and more exchangers and you need to choose the most convenient for each and preferably hybrid options that combine the quality of both centralized and decentralized direction

A very good suggestion and I am also working in the same way. Almost all exchanges are working super excellent because they are in competition and want to increase market cap. But we have to choose the most relevant that depends on you from where you are. Exchanges also offer multiple language facility and that is also a feature which may attract you to start trading on the same exchange.

sgenuine

full member

Activity: 854

Merit: 103

Quote from: awik p on June 11, 2019, 10:04:44 PM

Quote from: coin_1122 on June 11, 2019, 08:39:46 PM

Quote from: Aivaryamal on June 10, 2019, 04:10:53 AM

The more exchanges, 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!

More exchanges will be beneficial for us but at the same time, we have to find the security about those exchange because we are seeing many fake exchanges launching which they cannot able to generate the volumes. We have to be very selective in choosing the exchanges.

right, with the many existing exchanges, it will certainly make a healthy relationship between the exchanges. by choosing the best and reliable exchange will certainly provide good service for us to avoid fraud

Certain exchanges are available only for some countries, and the rates there are very good. Therefore, I see here only pluses - the more exchanges we have, the more options we get. We do have a choice.

Aivaryamal

full member

Activity: 1162

Merit: 101

Now really there are more and more exchangers and you need to choose the most convenient for each and preferably hybrid options that combine the quality of both centralized and decentralized direction

Thermytee

jr. member

Activity: 159

Merit: 1

This proliferation of exchanges is getting crazier. Seen some new ones and wonder how they plan to sustain not to talk of grow the exchange. This is where regulations is needed. Some are Dex and others are CEX yet some have little or no volume. For this kind of exchange, security's a big issue as hackers know that they came colour vulnerability to hack as much as they can. It becomes worse if you leave funds on this new exchanges.

yvesp110

hero member

Activity: 1092

Merit: 501

Quote from: desticy on June 12, 2019, 12:00:45 PM

Quote from: Aivaryamal on June 10, 2019, 04:10:53 AM

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.

This statement has two possible ways of answering. You may be confused in deciding to start with a good exchange or you are concerned about the fake exchanges around. It is an excellent way to find a solution for this problem. If you want to get rid of all the issues you must start with leading exchanges, if you don’t know of leading ones you should search it. Don’t worry about other exchanges which are unfamiliar to you.

Botnake

hero member

Activity: 2856

Merit: 667

Quote from: desticy on June 12, 2019, 12:00:45 PM

Quote from: Aivaryamal on June 10, 2019, 04:10:53 AM

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.

As a trader continues with his journey, he will be aware of these things.

With hundreds if not thousands of exchange in the space, only few can really be trusted, but I guess people are only patronizing the legit and the high volume exchange.

The top 50 exchanges (https://coinmarketcap.com/rankings/exchanges/) in the market already own more than 50% of the entire trading volume, that means the rest of the exchanges (hundreds or thousands) are very low volume.

BitcoinHunt3r

legendary

Activity: 2954

Merit: 1155

Leading Crypto Sports Betting & Casino Platform

Quote from: desticy on June 12, 2019, 12:00:45 PM

Quote from: Aivaryamal on June 10, 2019, 04:10:53 AM

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.

I always keep aware with it. Because if we look carefully, some exchanger have big volume because of bot. Maybe need more attention from other traders so that people not easily fill exchanger with bots.

desticy

sr. member

Activity: 1512

Merit: 292

www.cd3d.app

Quote from: Aivaryamal on June 10, 2019, 04:10:53 AM

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.

XDAT Official

newbie

Activity: 4

Merit: 0

Even if there are multiple exchanges, there might be many offering diverse features that others might not be offering. More importantly, newcomers must filter out those exchanges that are a regulation complaint. As more countries are entering into this zone. Compliance is a necessary evil. Exchanges that are amping their security measures to better secure their users from hackers and cyber thefts. Te ones that serve their users best are the ones that will survive the revolution. For instance, XDAT is investing in ISO 27001 to better secure our users. We also comply by compliance standards laid down by MFSA in Malta, that makes our exchange one of the most secured ones to perform trades on.

janggernaut

legendary

Activity: 2366

Merit: 1130

Quote from: awik p on June 11, 2019, 10:04:44 PM

right, with the many existing exchanges, it will certainly make a healthy relationship between the exchanges. by choosing the best and reliable exchange will certainly provide good service for us to avoid fraud

They aren't building their relationship between exchange sites. Who in the world want to share their money with their competitor? The fact is they want to kill other exchanges/competitor, so they will earn more money while people keep using their site.
When you are choosing a site, you will keep using that site and abandon other site, aren't you?

Vitalicus

full member

Activity: 467

Merit: 100

DIA | Data infrastructure for DeFi

Quote from: Free1bitco.in on June 12, 2019, 04:25:35 AM

Quote from: awik p on June 11, 2019, 10:04:44 PM

Quote from: coin_1122 on June 11, 2019, 08:39:46 PM

Quote from: Aivaryamal on June 10, 2019, 04:10:53 AM

The more exchanges, 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!

More exchanges will be beneficial for us but at the same time, we have to find the security about those exchange because we are seeing many fake exchanges launching which they cannot able to generate the volumes. We have to be very selective in choosing the exchanges.

right, with the many existing exchanges, it will certainly make a healthy relationship between the exchanges. by choosing the best and reliable exchange will certainly provide good service for us to avoid fraud

a lot of exchanger now, because they know that making an exchanger is indeed profitable. it's just that we need to watch out for less-known exchangers. for now, I only intend to exchange at binance, because I think it is the best market at the moment.

Binance is a favorite exchange of many investors and this is also the best liquidity place if you have a large amount of money because the trading volume at this exchange is always very high. In fact, the volatility of many big coins has made me a big profit and if you have a smart investment strategy, Binance will be the choice you need to consider in the near future because every day has a lot of coins increase by more than 30% and if you choose a good coin for long-term investment, your profits will increase very high

Free1bitco.in

hero member

Activity: 1624

Merit: 500

Quote from: awik p on June 11, 2019, 10:04:44 PM

Quote from: coin_1122 on June 11, 2019, 08:39:46 PM

Quote from: Aivaryamal on June 10, 2019, 04:10:53 AM

The more exchanges, 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!

More exchanges will be beneficial for us but at the same time, we have to find the security about those exchange because we are seeing many fake exchanges launching which they cannot able to generate the volumes. We have to be very selective in choosing the exchanges.

right, with the many existing exchanges, it will certainly make a healthy relationship between the exchanges. by choosing the best and reliable exchange will certainly provide good service for us to avoid fraud

a lot of exchanger now, because they know that making an exchanger is indeed profitable. it's just that we need to watch out for less-known exchangers. for now, I only intend to exchange at binance, because I think it is the best market at the moment.

Gridness

copper member

Activity: 358

Merit: 2

Quote from: CryptoPowerL on June 11, 2019, 09:30:50 PM

Positive: listings are inexpensive, small projects can sometimes place their tokens on exchanges for free. Negative: a very weak level of protection, hackers can very easily steal our funds.
I try not to use dubious exchanges.

to avoid undesirable things such as from hacking after selling tokens, the profit must be directly at WD to a safe place. It just for new exchange

awik p

full member

Activity: 1526

Merit: 111

Pepemo.vip

Quote from: coin_1122 on June 11, 2019, 08:39:46 PM

Quote from: Aivaryamal on June 10, 2019, 04:10:53 AM

The more exchanges, 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!

More exchanges will be beneficial for us but at the same time, we have to find the security about those exchange because we are seeing many fake exchanges launching which they cannot able to generate the volumes. We have to be very selective in choosing the exchanges.

right, with the many existing exchanges, it will certainly make a healthy relationship between the exchanges. by choosing the best and reliable exchange will certainly provide good service for us to avoid fraud

CryptoPowerL

member

Activity: 358

Merit: 29

ASO Service

Positive: listings are inexpensive, small projects can sometimes place their tokens on exchanges for free. Negative: a very weak level of protection, hackers can very easily steal our funds.
I try not to use dubious exchanges.

coin_1122

full member

Activity: 1134

Merit: 102

Quote from: Aivaryamal on June 10, 2019, 04:10:53 AM

The more exchanges, 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!

More exchanges will be beneficial for us but at the same time, we have to find the security about those exchange because we are seeing many fake exchanges launching which they cannot able to generate the volumes. We have to be very selective in choosing the exchanges.

roosbit

member

Activity: 893

Merit: 43

Random coins :)

Quote from: otandelapaz on September 18, 2018, 11:44:22 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?

First we have to remember that we have centralized and decentralized exchanges, with centralized exchanges being fewer and run and guided by some regulator to prevent money laundering and other financial crimes. But do we need more, yes.....crypto is not yet fully adopted or at its optimum and if exchanges are to be limited now then they won't accommodate new ideas of a good exchange as competition will be limited.
I believe we need more for better services and new ideas to emerge, the only downside is some exchanges have kind of monopolized this business which can easily force things on us such as KYC.

monalia

member

Activity: 685

Merit: 14

This OP is not worth for the merits but I am not sure how he got the merits.
Kindly avoid such thread to stay away from the spam posts. Purely people are utilizing few threads and make their spam posts at here.
This thread might be one of that.

Topic: Too many exchanges? - page 6. (Read 21343 times)