Too many new Exchanges - page 10. | Bitcointalksearch.org

Machinery

newbie

Activity: 39

Merit: 0

Quote from: baconlike on July 26, 2018, 11:34:18 PM

Because the exchange places are always more profitable. So now there are too many bad exchanges and almost no one exchanges any coins on it.

If people were smarter, there would be more legitimate exchanges coming online rather than scams. It would become pointless to try, and bitcoin would thrive.
Don't hate the game, hate the players

Dark Sky

member

Activity: 420

Merit: 10

Quote from: Ty_ways on September 15, 2018, 03:48:11 PM

I have had a bitter experience with one of these new exchanges, some of these new exchanges are just looking for people token to take away. I once deposited some tokens in a particular exchange after some weeks the exchange website has gone down. Till date the website hasn't open and tokens are gone.

Some exchanges are scam and they just think about scamming so people should get proper knowledge about them and then use it for exchange, that's why a lot of exchanges are difficult for people and they cannot trust on them so those exchanges will very good and trusted who works in everywhere.

Jahmal32

copper member

Activity: 322

Merit: 0

Quote from: Shazxdx on July 26, 2018, 11:29:43 PM

Recently i was working on a project related to Altcoin listing on different exchanges. Strange i found out too many new exchanges and people are trading well over there. Don't you guys think there should be limited number of exchanges and regulated ones? (Many new exchanges are nicer too and competitive but there is always a trust issue there specially for new investors). Your thoughts.

I honestly do not understand why so many exchanges. Perhaps from the point of view of the businessman is a profitable business, so people see this as a good idea to open an exchange. But again, there is no regulation, many even KYC is not required to withdraw a large amount from there. This can be a good channel not only for traders, if not already. Of course, an experienced player will not meddle in any questionable projects where his money will be at risk.

Ty_ways

newbie

Activity: 44

Merit: 0

I have had a bitter experience with one of these new exchanges, some of these new exchanges are just looking for people token to take away. I once deposited some tokens in a particular exchange after some weeks the exchange website has gone down. Till date the website hasn't open and tokens are gone.

minairia3

sr. member

Activity: 1498

Merit: 326

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Quote from: Shazxdx on July 26, 2018, 11:29:43 PM

Recently i was working on a project related to Altcoin listing on different exchanges. Strange i found out too many new exchanges and people are trading well over there. Don't you guys think there should be limited number of exchanges and regulated ones? (Many new exchanges are nicer too and competitive but there is always a trust issue there specially for new investors). Your thoughts.

Regulations are not for crypto but yeah some of them are really controlled by the watchdogs of Anti-money laundering agencies. It must have been really hard to move for those bad guys but hey this is a more freely area for those people that think they are being much charged by the government.

crypto_Butterfly

member

Activity: 186

Merit: 13

Most of the new exchanges are shady, I even saw few exchanges shut down with people's money, This is a new business for the scammers.

pkb007

full member

Activity: 434

Merit: 100

Too many electronic cash marketplace are frequently invited by people or companies to spend money on projects like Ethereum, that's only a matter of pouring money and doing not anything. also, at the end of the month is to obtain hobby prices up to 50% - 100%, even obtained all through the day. models like this are known as "HYIP" or great-worthwhile investments and 100% are fraudulent, the trouble is handiest sooner or later.

Isiaka208

copper member

Activity: 411

Merit: 1

Yes i noticed there are too many new exchanges too and i share in your worries too. To be candid, we are going to have trust issues as you dont really know their next moves. Regulations should be stepped up ahead of the future to protect investors funds.

cryptorima

jr. member

Activity: 278

Merit: 1

Yeah currently so many new exchange coming. Cause they also want to earn some good profits like big exchange. But some of them really very bad exchange for trader.

Luigi21

sr. member

Activity: 644

Merit: 262

Yes, there are many exchange but the most of them as no volume or much less volume than other "big" exchange that are also more trusted than these new exchanges, so I think that you have to use the biggest and most known exchanges to be sure

karavay_71

member

Activity: 228

Merit: 10

I don't think that there can be too many exchanges. Yes, some of them may not be trustworthy but that's another question in my opinion. The more choice we have to trade - the better is the situation for us.

Sasha Grey

member

Activity: 672

Merit: 10

I think exchanges are similar to ICOs, too many exchanges and ICOs have the opportunity to scam, the best and safest thing is to choose exchanges that have a good reputation and are more than a year old.

criptouser

full member

Activity: 392

Merit: 101

MenaPay - Crypto made easier than cash

on the one hand it's very good. but there is a big flaw in this, the volume of capitalization and the volume of trades - will always be less than on large exchanges.

gilangIDR

legendary

Activity: 1526

Merit: 1001

The increasing number of exchanges is a good thing because then every exchange will try to provide the best service to attract users. It is also reasonable because now there are more coins and tokens so various exchanges are needed to facilitate coin trading. I highly recommend several exchanges such as Bittrex and binance, because for me the exchange has a very good quality and level of security that makes its users comfortable.

backspace jejel

newbie

Activity: 114

Merit: 0

You are right, now there are many new exchanges that present different features, some even free trading fees, but I think that doesn't matter because the trader only use the right exchange.

gurupauts

member

Activity: 420

Merit: 11

DISRUPTING THE $23.5 B SCIENCE PUBLISHING INDUSTRY

I think, it doesn't matter if there are a lot of new exchanges because there will be many choices so we can choose and trade in exchangers that have better prices.

BryanRoseWalker

newbie

Activity: 215

Merit: 0

Quote from: Cryptovn88 on September 14, 2018, 04:14:24 AM

Quote from: Gloria99734 on September 14, 2018, 01:53:59 AM

More competitor, improve quality Grin

Agree with you, if we have just few exchanges, those exchange might be put fee transaction very high. Just because they almost monopoly on the exchange market

If the majority of crypto market appearances are decentralized markets, quality will decrease sharply, there will be many problems with insufficient volume in conducting trade and ecosystems will be damaged because various markets will compete to attract investors somehow.

But the opposite will happen if they are able to develop the central market to various countries legally, this will make the volume circulation more attractive and of course there is no monopoly.

bamine

newbie

Activity: 69

Merit: 0

You must choose carefully. Do a lot of research before investing.

Obama07

member

Activity: 228

Merit: 10

In this online market too many business developer work and too many developer want to create a good Exchanges and they are always try to create it. If you see and you can get too many exchanges in this online industry, too many people use different type of platform. All exchanges are not good so before start business must check this review. Now a days too many exchange going to scam so I can suggest a good exchanges, you can use Bittrex and Binance.

Adrin

member

Activity: 294

Merit: 10

Yes. Because the concept is revolutionary and groundbreaking so it easily catches the attention of many people. People always seeking for new method to mint money. Do you think 250k transaction each day is enough? Wait, you must surprise after 7 to 10 years. Can you imagine what can be happen when stock market accepts bitcoin? Though SEC warned about and as a careful investor you should protect or remain safe yourself first. Because exchanges can do with your money whatever they want.

Topic: Too many new Exchanges - page 10. (Read 4387 times)