Too many new Exchanges - page 3. | Bitcointalksearch.org

stadus

legendary

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Quote from: arifteguhr on December 17, 2018, 08:00:22 AM

Now it's quite a lot of exchange there. this in my opinion is very bad because the quality of the exchange is also unclear. many people experience losses from unclear exchange

They loss because it's their mistake, in the internet space, there's a lot of scam, so you need to be smart in order to avoid this.
Exchanges are increasing and we cannot expect that all of them are legitimate, just like in crypto, there are also a lot of scam coins but we were able to choose the legit coins, that is because we exerted good effort to do some research, we should do that in selecting exchanges to trust also.

aryatrals

newbie

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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.

in fact more and more exchanges will be better, because in trading more and more choices will be more competitive prices offered, so bad things that are always a scary thing, can be avoided because the future market will correct coins that have the opportunity to rise, always think forward, always looking for gaps in every trade that we have so we can get profits.

BigBos

sr. member

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Quote from: valisa on December 17, 2018, 09:09:05 AM

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.

rysea2

full member

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Quote from: valisa on December 17, 2018, 09:09:05 AM

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.

I agree with you, in other words I see it is a competition to be the best. The more new exchanges appear, the more facilities will be offered whether it's about security or convenience for users, which is definitely necessary because too many altscoin are popping up every day so I think they will have enough room for more new altcoins.

tmfp

legendary

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"Common rogue from Russia with a bare ass."

Quote from: Blockchain Transparency Institute

Based on information we’ve received from many tokens in the space, the average project spent over $50,000 this year in listing fees from exchanges on our Advisory List. This adds up to an estimated $100,000,000 stolen in 2018 from the crypto ecosystem.. and with over 50 exchanges wash trading over 95% of their volumes, this is a 500K a year scheme, with some exchanges making over one million dollars this year just from collecting these fees.

We advise any token project to contact us regarding any exchange requesting large listing fees, especially those on our Advisory List.
Many of these exchanges exist solely to collect these fees while their bots run their exchanges.
We also have data on fair listing fee costs for exchanges which are not using wash trading bots. We’ve had reports on fees ranging from 2BTC up to 75BTC.

Read more: https://www.blockchaintransparency.org/

Nonie

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BBOD Zero-Fee Exchange

Quote from: S4VV4S on December 11, 2018, 02:27:43 AM

Quote from: lenovop-70 on December 11, 2018, 12:23:21 AM

I think its a normal, thats mean the crypto business is getting bigger today, but someting make me wonder, how they survive amid the increasingly intense market competition, I think not all of the new exchanger will survive in the next five years.
I conclude like that because there are many new exchangers where there is no trade activity in it, so what is the use of the new exchanger if no one is buying and selling there.

Yeah I agree, I guess the new Exchanger must be able to make trader delightful to buy/sell there.
I see the new Exchanger currently has always had a very low volume so make traders reluctant to trade there.

That normal, maybe because the market has just started, not many people know and the volume is still small. I like it if there is a new market because there will usually be a lot of events there with big prizes

fempat

member

Activity: 331

Merit: 13

I've come across a few new changes that have sadly been sub par. The problem with these kinds of exchanges is that they've not established credibility and a number of them make away with customers' funds which are often unreported. I wanted to exchange my tokens on a website but didn't read the reviews because I thought it as trustworthy. After placing a withdrawal request, it took ages for me to get my coins.
These new exchanges lack some advanced features which are required of a good one.

LostHeaven1986

newbie

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A huge number of exchanges is perfect for business. So the general interest in cryptocurrency is growing with the course also. To avoid transactions with risk, it is enough to choose trusted exchanges located in the top internet websites. Such sites value their reputation and are as convenient as possible.

valisa

full member

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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.

hridoyb

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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.

Yes day by day too many exchangers are add-on online platform and these exchanges are also added some bulshet coin and there are transaction speed so slow people are worried for trade this exchanger.But i am always preferred to the trusted and verified exchanger like as bittrex,binance, and now kucoin also

lagoon88

jr. member

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In my opinion, new exchanges are not reliable, there days, many exchanges are coming up in every other days, but most of them fail to attract traders, as old exchanges are still there first choice.

hahay

legendary

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The new exchange is only for a number of new altcoins too, so most of what I know and experience is the tokens that are new to the new exchange, usually only to trade the token and then I leave it. After all, many exchanges have almost the same portfolio, it's just that every exchange has some differences, such as security, fees etc. So in my opinion it's not a problem as long as we can use an exchange that is truly trusted.

arifteguhr

sr. member

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Now it's quite a lot of exchange there. this in my opinion is very bad because the quality of the exchange is also unclear. many people experience losses from unclear exchange

Ronaldcoin2017

sr. member

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Quote from: ginobitcoiner on December 17, 2018, 05:16:47 AM

now there are very many crypto currencies that have to be created, more and more people are trading crypto currencies, so we need more exchangers, so it is very normal if some people decide to open a new exchanger.

Well we can all see that there are so many cypto exchange today but i think that was not a problem. As long as we all know or we have a instinct to know what is the legit and the proven and tested exchange today we can all still avoid scammers. I suggest yo used the top 10 exchange for good the proven and tested exchange is more safe than other new exchange.

ginobitcoiner

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BBOD Trading Platform

now there are very many crypto currencies that have to be created, more and more people are trading crypto currencies, so we need more exchangers, so it is very normal if some people decide to open a new exchanger.

Sanitough

hero member

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Quote from: S4VV4S on December 11, 2018, 02:27:43 AM

Quote from: lenovop-70 on December 11, 2018, 12:23:21 AM

I think its a normal, thats mean the crypto business is getting bigger today, but someting make me wonder, how they survive amid the increasingly intense market competition, I think not all of the new exchanger will survive in the next five years.
I conclude like that because there are many new exchangers where there is no trade activity in it, so what is the use of the new exchanger if no one is buying and selling there.

Yeah I agree, I guess the new Exchanger must be able to make trader delightful to buy/sell there.
I see the new Exchanger currently has always had a very low volume so make traders reluctant to trade there.

That will change if the adoption will increase.
I see it a positive growth in the crypto if more exchanges will operate because it only tells one thing, they are ready to cater a mass adoption.

S4VV4S

hero member

Activity: 1582

Merit: 502

Quote from: lenovop-70 on December 11, 2018, 12:23:21 AM

I think its a normal, thats mean the crypto business is getting bigger today, but someting make me wonder, how they survive amid the increasingly intense market competition, I think not all of the new exchanger will survive in the next five years.
I conclude like that because there are many new exchangers where there is no trade activity in it, so what is the use of the new exchanger if no one is buying and selling there.

Yeah I agree, I guess the new Exchanger must be able to make trader delightful to buy/sell there.
I see the new Exchanger currently has always had a very low volume so make traders reluctant to trade there.

btcmegastar

member

Activity: 700

Merit: 12

Yes, we are seeing many exchanges launching daily but due to competition Binance exchange is more focusing on further developments their own blockchain. In the coming days, we can expect more exchange will become more competitive to this Binance exchanges.

Greed Dev

member

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Merit: 10

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 think not. The more exchanges, the more speculative investors and speculators will be. Trading platforms will struggle to gain a certain amount of volume. Investors will benefit from that and the rates will fall evenly.

lenovop-70

full member

Activity: 1190

Merit: 108

I think its a normal, thats mean the crypto business is getting bigger today, but someting make me wonder, how they survive amid the increasingly intense market competition, I think not all of the new exchanger will survive in the next five years.
I conclude like that because there are many new exchangers where there is no trade activity in it, so what is the use of the new exchanger if no one is buying and selling there.

Topic: Too many new Exchanges - page 3. (Read 4371 times)