Topic: too many exchanges and will increase in the future, what do you guys think about - page 3. (Read 746 times)
August 10, 2019, 11:12:08 AM
Although we need strong competition in terms of variety of exchanges, nevertheless the new ones that are springing up tends to be after making profit rather delivering quality services. Currently, charges of exchanges are just damn high for a low trader. We need quality competition and not quantity.
August 10, 2019, 11:00:55 AM
there are too many projects about exchanges now, and everything looks the same.
do you think there are currently too many crypto exchanges? and when the platform was released did anyone use it?
if seen at this time, there are still many exchanges that do not have trading volume. then why are they still making projects about exchange?
It's because of Binance huge success in the market and also because the investors and traders are growing, developers and investors wants to have a slice of the market, last time if I remember there were at least 10 ICO's whose platform are exchanged based, most popular of that was do you think there are currently too many crypto exchanges? and when the platform was released did anyone use it?
if seen at this time, there are still many exchanges that do not have trading volume. then why are they still making projects about exchange?
https://lbx.com/ and the much talked about Adab Exchange.
But unfortunately, I don't see any of these new exchanges coming from ICO posed a threat to the top exchange in the market, they are still in the development stage but you can hardly felt their presence.
Exchanges are a multi-million dollar business, but the competition is very stiff, and if your new to this industry you need a very good concept to be competitive.
August 10, 2019, 10:31:49 AM
People need to be more careful now
Many new people are coming into crypto space every day and many more good and bad projects are been created almost everyday
Same thing is happening to new crypto exchanges,there are some new exchanges that lure traders with zero trading fee and i believe that nothing is for free in the world.
Free zero fee trading exchanges are red flag because every exchanges are able to sustain or maintain their business with incomes from trading fees so how is zero fee trading going to make any sense?
Many new people are coming into crypto space every day and many more good and bad projects are been created almost everyday
Same thing is happening to new crypto exchanges,there are some new exchanges that lure traders with zero trading fee and i believe that nothing is for free in the world.
Free zero fee trading exchanges are red flag because every exchanges are able to sustain or maintain their business with incomes from trading fees so how is zero fee trading going to make any sense?
August 10, 2019, 10:26:53 AM
there are too many projects about exchanges now, and everything looks the same.
do you think there are currently too many crypto exchanges? and when the platform was released did anyone use it?
if seen at this time, there are still many exchanges that do not have trading volume. then why are they still making projects about exchange?
Yes, there are too many crypto exchanges that have been built already but not all exchanges are good for trading because as you've said there some does not have volume. Maybe we can ask" why people not use this exchange? Why they use the other exchange? Remember that crypto currency is a digital "money" so it is reasonable that they will find an exchange that is very secured because there are many hackers want to hack it. Some people also want to use this kind of exchange because it has a bigger volume or they only accepting legit altcoins and tokens, especially for the traders. do you think there are currently too many crypto exchanges? and when the platform was released did anyone use it?
if seen at this time, there are still many exchanges that do not have trading volume. then why are they still making projects about exchange?
August 10, 2019, 10:13:46 AM
Exchanges are definitely going to increase as cryptocurrencies begin to gain much more attention from the world. However i would always advise to be very careful on which exchanges you trade on. Some upcoming exchanges offer free trading fee just to lure people and they later shut down the platform, running away with the funds of users.
August 10, 2019, 08:01:53 AM
there are too many projects about exchanges now, and everything looks the same.
do you think there are currently too many crypto exchanges? and when the platform was released did anyone use it?
if seen at this time, there are still many exchanges that do not have trading volume. then why are they still making projects about exchange?
do you think there are currently too many crypto exchanges? and when the platform was released did anyone use it?
if seen at this time, there are still many exchanges that do not have trading volume. then why are they still making projects about exchange?
To me, it does not matter. Do you also feel the same or bugged when you think about that there's a lot of stores or online webstores right now?
It is actually beneficial for customers because all of them one to have a lot of numbers so they are going to adjust to what we want. The smaller the fees and the better the experience will put them to the top.
August 10, 2019, 06:15:55 AM
there are too many projects about exchanges now, and everything looks the same.
do you think there are currently too many crypto exchanges? and when the platform was released did anyone use it?
if seen at this time, there are still many exchanges that do not have trading volume. then why are they still making projects about exchange?
do you think there are currently too many crypto exchanges? and when the platform was released did anyone use it?
if seen at this time, there are still many exchanges that do not have trading volume. then why are they still making projects about exchange?
I don't think there will be no increase anymore I have participated and seen exchanged based ICO, but they failed to get support from traders and investors, just take a look at Ironx, Lbx becent and so many other they dod not have volumes, some are waiting for their time to launch, but the market is very competitive, they have no chance to succeed
August 10, 2019, 06:03:18 AM
I think those many project and new exchange are not all will grow and still alive in the future. I think the reason why they launched new project even if this feature is all the same because like us they also take a risk to earn to the way they know and hoping that their invest will grow and have a good value in a future or in a near future.
August 10, 2019, 05:27:48 AM
More exchanges, bigger competition = better services, cheaper fees.
So I do not see anything bad, but maybe exchanges should slowly moving to decentralized solutions to protect themselves against regulations that are coming.
So I do not see anything bad, but maybe exchanges should slowly moving to decentralized solutions to protect themselves against regulations that are coming.
Yes, there will be more in the future because our current exchanges have a different perspective regarding their investor. some people might not be able to buy anything from a well-know exchange because of their residential. That was why lately people trying to figure out a real DEX, an exchange that allows everybody to perform the trade around the world.
it is not surprising to see a hundred of exchanges coming up in the future, because of this.
full member
Activity: 882
Merit: 102
PayAccept - Worldwide payments accepted in seconds
August 10, 2019, 05:22:19 AM
More exchanges, bigger competition = better services, cheaper fees.
So I do not see anything bad, but maybe exchanges should slowly moving to decentralized solutions to protect themselves against regulations that are coming.
So I do not see anything bad, but maybe exchanges should slowly moving to decentralized solutions to protect themselves against regulations that are coming.
August 10, 2019, 05:03:03 AM
The current trend in crypto currencies are exchange tokens, because if you look at their price development, you will mention that exchange tokens have done better than almost any other altcoin on the market, so I believe this trend will continue, at least till the end of this year.
August 09, 2019, 05:37:40 PM
Centralized exchange business can be quite profitable if you make good ones and you know what you are doing.
However, some people could also be making lots of fake exchanges to scam people. ... Your funds can be lost forever once you deposit money on the fake exchanges. Or the exchanges could work like real exchange for awhile and vanish with traders funds later
However, some people could also be making lots of fake exchanges to scam people. ... Your funds can be lost forever once you deposit money on the fake exchanges. Or the exchanges could work like real exchange for awhile and vanish with traders funds later
August 09, 2019, 05:37:14 PM
Right now there are lots of new exchanges popping up and they don't have a good volume, but I think it doesn't matter while they are still struggling, I'm sure in the future with the increase in crypto users, the exchange can also go up
Therefore, you should be aware of scammers that just pretend they deal with crypto exchange operations. Before using the services of a cryptocurrency exchange, you need to check it for signs of fraud. So you protect your money from theft and do not become a victim of intruders. You should be cautious if the exchange rates seem to be too attractive.
August 09, 2019, 05:09:25 PM
Most of the new projects I see these days are new exchange projects. Some of them do the fundraising of their new exchange and they eventually do not raise enough fund to bring about any meaningful development. This then makes the exchange to become a shit exchange.
August 09, 2019, 11:22:11 AM
There are so many of them actually and it is a good thing, I remember when we had to wait for a quota to be lifted before we could sign up to Binance and Bittrex in 2017. Now there are a lot of them to choose from, though not all are worth it, the strong ones will survive while the weak ones may die off.
August 09, 2019, 11:07:47 AM
I do not trust the new exchanges, They use too many bot trading because they do not have many real users. I only believe that exchanges have appeared before and have real volume
August 09, 2019, 11:00:38 AM
I think they have the advantage of exchanging with cheaper and competitive fees. in the future more and more exchangers for me is bad, because investors must be confused to make profitable trades.
August 09, 2019, 10:35:22 AM
We will see many new fake exchanges in crypto space now and i want you guys to know that the perfect way that scammers can take advantage of IEO fund raising is by creating new exchanges,we have to be very careful and at the same time it doesnt mean that we cant see any better exchanges that will win over binance or okex again,i created a post related to this here
https://bitcointalksearch.org/topic/m.52111991
https://bitcointalksearch.org/topic/m.52111991
August 09, 2019, 10:28:21 AM
honestly in my opinion there are now too many exchangers and in my opinion it's a bit confusing, yeah I'm confused which one to use because even though everything looks the same but in reality the quality of each exchange is different and the level of security at each exchange, there are many cases of hackers who are hacked, even exchangers even large can be hacked, so how can I immediately trust a new exchange whose volume doesn't even exist yet?
The answer to your question is only that you should be generous, and you need to give them the opportunity and time, if the new exchange is good enough and there are reasonable strategies, they will soon have a chance to prove their value. And I feel that many exchanges are not too bad or boring, it is really a sign for old exchanges, they need to know that they are not unique in this area, if they have no development, they will be ignored by users, new exchanges will gradually kill them, competition is always a very interesting thing to promote progress 
August 09, 2019, 10:13:32 AM
honestly in my opinion there are now too many exchangers and in my opinion it's a bit confusing, yeah I'm confused which one to use because even though everything looks the same but in reality the quality of each exchange is different and the level of security at each exchange, there are many cases of hackers who are hacked, even exchangers even large can be hacked, so how can I immediately trust a new exchange whose volume doesn't even exist yet?
Jump to: