Too many new Exchanges - page 25. | Bitcointalksearch.org

el kaka22

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Quote from: Shazxdx on July 27, 2018, 12:29:43 AM

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 great that people think they can just start a new exchange and actually make money from it. This means crypto world is getting bigger so I am not against it, even tho most of those exchanges have not passed from the hacking scenario that most other good exchanges had to put up against so they still have a lot to prove. The more websites and jobs about crypto out there means the bigger the crypto world is getting, not all websites take away customers from each other, they also create new customers as well which is great for all of us.

Quote from: aoluain on July 29, 2018, 07:48:51 AM

Different exchanges offer different useability, different coin listings, different fees and different trading tools and benefits.

In my view, one exchange may get saturated whereas exchange industry will never get sutured as there are lots of new coins/tokens are being announced everyday which means we need more exchanges in coming days to cope up against the ever growing crypto adopters.

aoluain

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No i dont think there should be a limited amount of exchanges, competition is always
good for the consumer and without consumers there is no business.

Different exchanges offer different useability, different coin listings, different fees and
different trading tools and benefits.

Its up to everyone to decide what works best for themselves and to do their own research.

speedy1987

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Quote from: Shazxdx on July 27, 2018, 12:29:43 AM

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.

Yes now a day too many new exchanges are listing. But before using the new exchange you should research about that exchange whether it is true or not. But i never tired any new exchanges, always i used to trade binance and bittrex platform.

monkeyking03

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Having a lot of exchange is also a great cause because a coin when you list in different exchanges they are having competition and in that way also the price of a coin moving.

Wallflower28

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Quote from: Shazxdx on July 27, 2018, 12:29:43 AM

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.

Lots of exchanges coming from different side of the world though they are unique and bring a different platform to the community, I think that some of them are just copying what others have. Some of the exchanges that I've used are legit but I know some of them are scamming the people.
I don't know what happens if there are exchanges circulating in the world but I think they have just the same usage.

Mia_pikachu

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Quote from: kaizerblitz on July 29, 2018, 06:00:24 AM

For me it just a good one that there so many competitor and it will be chance to select the best exchanger that has low fees when in comes on deposit and withdrawals.

I think so, that more creation of a new exchange will make us free to choose and can make price comparisons for us to deposit or withdraw crypto money, so the more creation of new exchanges, this will be something interesting in choosing the exchange for we can do trade.

gohan21

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There are many options exchangers but most of them are more attractive to the supply of funds to start with the purchase of tokens or altcoins as many people also need to be financially secure.

nhattori27

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There are dozens of exchanges now, a lot of them are not reliable, so you can try some of them with a small amount of money, but don't put a lot of money there.

pinoyden

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Quote from: nano77 on July 29, 2018, 03:56:50 AM

I think with many new exchangers will give us the option to be able to choose a good exchanger and have a good price so that will provide good profit also for us

no they dont. Most new exchanges nowadays are only simillar or seems to be identical on the old exchanges . they will only bring confusion to us , so i guess better if we can just avoid them in order to be safe from any other issues .

we wont know if they are only built to scam people . if i were you i will still prefer the claasic ones such as ed , livecoin , nova , yobit , etc and other popular ones because i already proven them for years and so far i dont experience any problem regarding on thier service .

kaizerblitz

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For me it just a good one that there so many competitor and it will be chance to select the best exchanger that has low fees when in comes on deposit and withdrawals.

just_Alice

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Quote from: Shazxdx on July 27, 2018, 12:29:43 AM

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.

No doubt there are too many of them, which complicates the whole choosing worthy ones process. But nowadays there are too much of everything related to crypto world. Aren't there too much of ICOs (around 3965 ICOs, and these are only the top ones)? Or maybe too much altcoins (around 1570)? And those numbers are growing exponentially, that's why the number of exchanges increases as well. This fact, however, depicts that interest to the crypto market keeps growing, which is good news for all of us. You just need to follow top lists and news to stay aware of upcoming risks.

nano77

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I think with many new exchangers will give us the option to be able to choose a good exchanger and have a good price so that will provide good profit also for us

isaac_clarke22

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Quote from: Shazxdx on July 27, 2018, 12:29:43 AM

-snip-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.

As long as the uniqueness of every exchanges gets created, not just from its UI or the layout but the rate of the trades of a specific coin for example should be different from the rates of the other exchanges. The security of the site is gonna be also crucial part for this since this can cause a people to withdraw out their coins into their own wallets. Some people just became careless of whatever they do in their coins like leave it in an exchange site. It is truly a bad practice but they wouldn't just stop their own ignorance at that.

FalcoonRed

newbie

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yes indeed too many new exchanges that make the traders confused and not all new exchanges safe. always alert

Rollkal

newbie

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The current market generates many new exchanges, we can not choose which exchange is better, there are many exchanges are born but inefficient operation and that is why the market increasingly risk and more difficult for investors

TravelMug

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Quote from: tiurminator on July 28, 2018, 05:05:18 AM

Yeah, too many ICOs, too many exchanges, too many wallet. Everything about cryptocurrencies in my opinion is too many now. This year, 2018 is a crypto year. It is a crypto rush.

In terms of crypto year? I think 2017 could be considered as one of the biggest year we have seen so far, evident of the madness of December. But 2018 is really a struggle so I won't consider it a crypto year. For exchanges though, obviously we are getting bigger eventhough the market is really having a hard time to get up. But as I have said in my previous post, there are more investors/developers wanted to build a exchange and earn a lot of money, simply as that.

Thanasis

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Quote from: tiurminator on July 28, 2018, 05:05:18 AM

Yeah, too many ICOs, too many exchanges, too many wallet. Everything about cryptocurrencies in my opinion is too many now. This year, 2018 is a crypto year. It is a crypto rush.

Too many ICOs and too many Exchanges because there were too many people entering into the crypto currency world for now.I think it has pros and cons but we need to take the positivity more,if the number of exchanges increases there will be competition between the exchanges will occur so they will try to provide the best service as they can which is the most thing lack now in any crypto exchanges.

dzhax

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Quote from: Sergey Minchenko on July 28, 2018, 10:28:37 PM

Quote from: idythef on July 27, 2018, 06:23:20 PM

hi. Cannot agree with the word 'too' here...As the whole industry is getting bigger and bigger and more and more people are getting interested in buying/selling coins, there's a necessity to set up new projects, exchanges and services (like e.g. bitwinex service) every day.

Woah, I hear about 'em the other day, too. Like, if I'm not mistaken, this Bitwinex thing is brand-new n lets you buy and sell virtual coins.

Read about this new them on worldcoinindex.com. You buy a coin, then sell it at a higher price and all prices are fixed.
I’m really in two minds about it.

Sergey Minchenko

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Quote from: idythef on July 27, 2018, 06:23:20 PM

hi. Cannot agree with the word 'too' here...As the whole industry is getting bigger and bigger and more and more people are getting interested in buying/selling coins, there's a necessity to set up new projects, exchanges and services (like e.g. bitwinex service) every day.

Woah, I hear about 'em the other day, too. Like, if I'm not mistaken, this Bitwinex thing is brand-new n lets you buy and sell virtual coins.

2@abcdeeply

newbie

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Yes, this is a big deal for traders, I have seen very small trading places and almost no volumn, so I think it is a good idea to limit trading positions, the ico poor quality or deceptive.

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