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Topic: Too many new Exchanges - page 5. (Read 4387 times)

jr. member
Activity: 79
Merit: 1
September 27, 2018, 04:04:01 PM
Yes, there are so many places to exchange. We can not distinguish between good and expensive places. So keep up the good news so that you can choose the best place to exchange. for you Undecided
hero member
Activity: 2212
Merit: 805
Top Crypto Casino
September 27, 2018, 03:31:29 PM
The emergence of new exchanges has a great impact on quality - competition generates better conditions and quality of service. The more exchanges the greater the choice, you can find with large volumes or with a small commission, a large selection of currency pairs. Decentralized exchanges, too, have great advantages of them, too, now appears a lot. I think it's good.  Cheesy

The high influx of new exchanges may well be a blessing in disguise. I've seen a pattern here. With every new exchange comes a new offering in their service. I remember when Bittrex exchange was on top of the food chain and then Binance came along with low commissions per trade to steal the show. Traders get low fees and Binance gets volume. It's a win for both parties. I believe we would see more exchanges in the near future. I'm just curious as to what they would bring on the table.
jr. member
Activity: 364
Merit: 1
September 27, 2018, 03:08:44 PM
The emergence of new exchanges has a great impact on quality - competition generates better conditions and quality of service. The more exchanges the greater the choice, you can find with large volumes or with a small commission, a large selection of currency pairs. Decentralized exchanges, too, have great advantages of them, too, now appears a lot. I think it's good.  Cheesy
jr. member
Activity: 221
Merit: 5
September 27, 2018, 12:12:47 PM
It's important that every coin can be added to an exchange, so people can trade it. But already now there's to many exchanges, I have signed up to around 20 exchanges or more but only use 5 of them right now.
Every week we see new exchanges, I help my favorite coins to be listed on new exchanges by voting, but those exchanges are almost always without any trades.
jr. member
Activity: 118
Merit: 5
September 27, 2018, 11:42:53 AM
Yes, there are so many exchanges but some of them do not have any transaction volume or use bot to create volume, this you should always be careful when depositing coins into them
jr. member
Activity: 112
Merit: 1
September 27, 2018, 11:26:02 AM
Try to choose a trusted and long-standing bitcoin exchange. Of course, some new Bitcoin exchanges may offer lower rates and services, but until they build a good reputation from time to time, you must still choose a reputable exchange. All bitcoin exchanges have transaction fees applied to every purchase and sale order made in the exchange. The level of costs depends on the volume of the bitcoin transactions made. costs range from 0 to 0.30%, depending on the conditions of each market itself.
sr. member
Activity: 910
Merit: 251
September 27, 2018, 11:11:23 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.

That is not astonishing actually, this is shows only that crypto and bitcoin was very trending nowadays. And this is the world of trading industry in crypto currency. But of course, still be careful in choosing exchange, because not all of it becomes successful, so always check if the volume of the exchange has a high level of percentage profit.
member
Activity: 195
Merit: 10
September 27, 2018, 10:59:12 AM
I think it's good news for crypto. Because more exchanges will be more demand for crypto. People will find their favourite exchanges from many exchanges for trade. more competition between all exchanges, They will be better at their quality and their service to keep traders.
hero member
Activity: 896
Merit: 500
September 27, 2018, 10:54:02 AM
It doesn't matter if there're so many exchanges or trading platform as long as the trading volume are huge and safe to trade. what is important are the security of those exchanges, The number of users and the volume. For me it's better to have so many so that they will make advantages to lure traders. If there are a few exchange some then they will control us by requiring too much that is none necessary.
I agree, it is okay to have many exchanges as long it is safe and secured to used. It is our responsibility to look for a good exchange which cater good features. The more exchange the more users are interested in crypto.
Some good exchanges offers more features or varieties that old exchanges needed to develop. So its not bad to try new exchange as long as we do our own diligent research to secure our investment.
legendary
Activity: 1414
Merit: 1001
September 27, 2018, 10:07:36 AM
For me, the more exchange, the better. This is because exchanges will compete to provide the best service.
So only the exchange that has the best qualifications can survive. This is called a competition and of course we will choose the best.

Exchange is a picture when the development of crypto is increasing. The greater the volume of transactions in an exchange, it will have a significant impact on crypto development globally.
sr. member
Activity: 649
Merit: 250
September 27, 2018, 09:57:05 AM
It doesn't matter if there're so many exchanges or trading platform as long as the trading volume are huge and safe to trade. what is important are the security of those exchanges, The number of users and the volume. For me it's better to have so many so that they will make advantages to lure traders. If there are a few exchange some then they will control us by requiring too much that is none necessary.
I agree, it is okay to have many exchanges as long it is safe and secured to used. It is our responsibility to look for a good exchange which cater good features. The more exchange the more users are interested in crypto.
sr. member
Activity: 1009
Merit: 328
September 27, 2018, 09:52:02 AM
I see that there are too many new exchange bit I think this is not a problem. The main problem is we need to select the legit and the most trusted exchange, because there are so many fake exchange that can run away our holdings we need to research the legit exchange for good. And I think that was really the best thing to do.
jr. member
Activity: 1050
Merit: 1
September 27, 2018, 09:37:50 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.
When you said maybe there should be limited number; like how many exchanges do you think can handle thousands of cryptocurrencies and still provide enough liquidity for each one? The space is wide and we need more. And on the other hand, I will prefer more of decentralized exchanges to regulated ones.
hero member
Activity: 1036
Merit: 502
September 27, 2018, 05:10:40 AM
Yes there are many exchanges, but I am only using forkdelta if I want to exchange my token and at the same time, poloniex. You must need an accout to use it and verufy it before you can definitely use it. It is easy to use just watch simple tutorials in youtube and you can also do it yourself.

Forkdelta can be trusted same as etherdelta did for so long time. We can trade both of them safely as long as you have kept your private key personally, and never expose it with online social media. We don't need tutorials upon the transactions is performed, because their web exchange was having user friendly set -up that will help us learn faster.
member
Activity: 742
Merit: 42
September 27, 2018, 04:58:00 AM
It doesn't matter if there're so many exchanges or trading platform as long as the trading volume are huge and safe to trade. what is important are the security of those exchanges, The number of users and the volume. For me it's better to have so many so that they will make advantages to lure traders. If there are a few exchange some then they will control us by requiring too much that is none necessary.
member
Activity: 252
Merit: 10
September 27, 2018, 04:32:46 AM
It is impossible to judge the trust in the exchange by the volume of trade, the Exchange itself can raise a volume for attracting new customers. I use 5 old exchanges, which completely suit me and I do not want to look for new ones.
hero member
Activity: 1078
Merit: 501
September 27, 2018, 03:14:51 AM
Yes there are many exchanges, but I am only using forkdelta if I want to exchange my token and at the same time, poloniex. You must need an accout to use it and verufy it before you can definitely use it. It is easy to use just watch simple tutorials in youtube and you can also do it yourself.
newbie
Activity: 9
Merit: 0
September 27, 2018, 02:20:23 AM
An excessive number of coins are comes in the market so exchanging trades additionally expanding step by step yet few trades dependable on the grounds that many trick exchanging stage are accessible in the market so people groups are frenzy to partake in some great stage likewise might be it is our capable so we just cautious to pick the trades.
sr. member
Activity: 572
Merit: 250
September 27, 2018, 02:02:08 AM
if you realize that there are so many exchanges in circulation then you should be able to take advantage of the right place of exchange and make sure you can also choose a place of exchange that has very high security and has a very high daily volume.
Yes there are many new exchanger but i am not supporting all of those exchanger because i just always used an exchanger that i trusted and for the long time i am trading i never used an exchanger that is not secured.
Exchanges are many and difference is also there which is not only by difference in names but features and functions are also different. Moreover some exchanges bring more convenience while some do not I mean that they are less convenient that is why we have difference and we can say that which is better. I will choose Binance and Bittrex as these two are better than any other exchange.
sr. member
Activity: 555
Merit: 252
September 26, 2018, 02:47:28 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.

Many new exchanges are nicer too and competitive and choose the best trust.
There are more than 5 thousand crypto coins for which many exchanges are well available in order to make trading possible and easy. We the people always search for easy things to work out easily for us so we always proceed for Binance and few other exchanges which are simple to use and Binance also provides us large volume. So the difference between many features made competition between these exchanges.
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