The more exchange, in my opinion it is a good thing. This is because there will be more variety and interesting services. Each exchange will try to always provide the best service. This is a thing to build the best service, the more exchanges, the more options for trading.
Choose an exchange that has the best security features and also has a good reputation.
Topic: Too many new Exchanges - page 2. (Read 4387 times)
well there are so many exchanges that pop up lately, many of them was an ICO with it's a native token to their own exchange. The problem was like you said. Trust.
it's built with time and the credibility will come by themselves. Looks binance for the example, for a short period of time they become one of the biggest trading volume in all of the sea of exchange.
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 think it is better to regulate the number of exchanges for the reason that the trading volume will be higher in a single exchange platform if the numbers on it's competency will be reduced. If other exchanges will be shutdown or closed , no doubt that volume of traders will transfer to other good exchanges.
I know two examples when a large exchange stopped its work and the users of this platform were left with nothing. This is very bad. Lack of regulation is a disadvantage. I use different exchanges when I need to sell some kind of token
I think it is not the best advice to invest in all the exchanges due to because before working in the new exchange firstly they should be very trustable. Already we have many exchanges which are very trustworthy, potential exchanges will list the potential coins with active developments from them.
indeed it's not so good. they are also equally conceptually nothing different. it will only give a great advantage to their founders because the actual benfit is not too big 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.
Hello! The problem of trust is always present. But there are really cool exchanges that are pleasant to use. I think we will come to regulation soon, it is rather a matter of time. 
I think it is not the best advice to invest in all the exchanges due to because before working in the new exchange firstly they should be very trustable. Already we have many exchanges which are very trustworthy, potential exchanges will list the potential coins with active developments from them.
using existing and trusty exchanges make our money safe.dont forget about the risk if we trading in unknown exchanges.its very dangerous , they could take our money by making hacking reason.
This is a good omen to the cryptocurrency exchange and management. The more exchange we have more competition among them to satisfy the customer and attract many of them to their platform. This competition will lead to less transaction fee, faster scalability and good and faster response to issues from the support team.
I think it is not the best advice to invest in all the exchanges due to because before working in the new exchange firstly they should be very trustable. Already we have many exchanges which are very trustworthy, potential exchanges will list the potential coins with active developments from them.
using existing and trusty exchanges make our money safe.dont forget about the risk if we trading in unknown exchanges.its very dangerous , they could take our money by making hacking reason.
I think it is not the best advice to invest in all the exchanges due to because before working in the new exchange firstly they should be very trustable. Already we have many exchanges which are very trustworthy, potential exchanges will list the potential coins with active developments from them.
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 think it is better to regulate the number of exchanges for the reason that the trading volume will be higher in a single exchange platform if the numbers on it's competency will be reduced. If other exchanges will be shutdown or closed , no doubt that volume of traders will transfer to other good exchanges.
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 think it is better to regulate the number of exchanges for the reason that the trading volume will be higher in a single exchange platform if the numbers on it's competency will be reduced. If other exchanges will be shutdown or closed , no doubt that volume of traders will transfer to other good exchanges.
I think, there is nothing wrong with many exchanges because that's not the basis of which is good or not. People here in this world have their own thoughts and understanding on how to deal with it. What matter most is how will they convince people and how will they make it to be the location of choice.
That's because they are tempted by the income that can be generated by the exchange, considering that the costs for listing alone can reach 100 BTC. Because they only care about money and don't think about security systems, in the end there are many cases of exchange that got hacked.
There isn't enough real trading business going around to support anything like the number of exchanges there are. So, what do the exchanges do?
Make the numbers up.
Tell lies and extort listing fees.
From a fairly credible report, this table shows how much "wash trading" is going on and why.
Quote
...over 80% of the CMC top 25 BTC pairs volume is wash traded. These exchanges continue to use these strategies as a business model to steal money from aspiring token projects.
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.
There's no big deal actually, if we have many exchanges. In fact, if we have lots of exchanges we also had a chance to pick among them in the
market. As long as the they have a high volume in Bitcoin or USD$, which I can consider as one of the good and legit platform exchange.
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.
This is the reason why theres alot of scamming that happning right now,because of these exchangers that has been created almost every months I believe that most of them will surely die in just a couple of months if not may year,i agree that this must be addressed and be limited so chances of being use for abuses will be lessen and same as the victim
in my opinion it's good if a lot of new exchanges emerge, because they will provide the best for their users, so we are all free to choose the best exchange, who provide good service, and the competing losers will surely die because they are left behind.
the number of exchangers is a fairly good development. I think that the number of exchangers is a good development. well, even today there are a lot of new ICO projects that are open that are crypto exhanger themes.
The crypto space is a very volatile and non regulated space so everyone wants to involve and earn its own profit. Also most of the old exchangers are way too high and makes it very hard for new coins to get listed with exorbitant fees so the new exchangers keep sprulling up with very easy terms and condition
Each person chooses what he wants and to what extent he is willing to take risks. Cryptocurrency exchanges I like to compare with bookmakers, which are also very much and regularly create new ones. There are more risky, but on such exchanges you can earn more and faster. There are also more secure and guaranteed exchanges, but such earn, as a rule, not so fast. And users are everywhere. The offer of any service or service exists when there is a corresponding demand. Therefore, in my understanding it is not necessary to decide for everyone. It is enough to decide for myself what is really important to me and work as I feel comfortable.
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