Topic: Too many new Exchanges - page 7. (Read 4352 times)
In the next few years only few top exchanges will exist
There are so many places to trade, I can not update all the places, sometimes I hear some new places, and never heard of them, and no one Translate.
Now, poor quality exchanges, fraudulent exchanges are growing up a lot, so we should be very careful, do not trust the poor quality of transactions, maybe we will lose capital
Its stupid to say that many exchange=bad situation.
Cryptocurrency mean decentralisation
Decentralisation mean many exchanges if some will force you to KYC or prohibit some coins you will always can say to them "okey I go to another exchange"
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Its stupid to say that many exchange=bad situation
Many exchange does not equals to bad situation but rather it can only cause confusion . though we dont need to try them all but rather we should only use the ones that we think legit .
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Cryptocurrency mean decentralisation
No it isnt . cryptocurrency means digital currency that works online but yeah , cryptos are known to be decentralize .
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Decentralisation mean many exchanges if some will force you to KYC or prohibit some coins you will always can say to them "okey I go to another exchange"
Decentralization doesnt mean many exchanges . the real meaning of decentralize is independent or no central authority that holds it . kyc to some exchange is too overated and your right , we shouldnt use them because they are too hassel .
Some may think that it is bad for us but I don't think so, actually it is good when we can choose whatever we like when it comes to exchanges and trading, wide choice is not that bad.
Its stupid to say that many exchange=bad situation.
Cryptocurrency mean decentralisation
Decentralisation mean many exchanges if some will force you to KYC or prohibit some coins you will always can say to them "okey I go to another exchange"
Some may think that it is bad for us but I don't think so, actually it is good when we can choose whatever we like when it comes to exchanges and trading, wide choice is not that bad.
That represents the market growth, capitalist are investing because they are seeing a great potential of profit in the market. And that increase of exchanges gives us a lot of benefits since it's a world wide market and we are free to try different trading platforms.
if exchange are really happen a lot, we are getting lots of benefits from it, like the rising of coin market price. competition will occur, but it makes crypto world just get better.
Some may think that it is bad for us but I don't think so, actually it is good when we can choose whatever we like when it comes to exchanges and trading, wide choice is not that bad.
It is better to mean that there are many choices for traders to choose the exchange market, traders must be able to choose which exchanges are good and safe so if there are many choices, they will definitely do the research first so as not to make the wrong choice
I think there's nothing wrong with that phenomenon. if there are exchanges happen, option for trading are open here and there, and that is good for improvement.
I believe that if all new exchanges have received the appropriate licenses, then this is very good for the cryptocurrency world
That is one very important question. Do they all have valid licences or better to say do they run legitimate business? This is the first thing you have to check before you trust them your funds. But I'm afraid they are not all so trustworthy.
Everyone is trying to find they niche and their share of profit in the cryptocurrencies market that is why there are many new exchanges. That could be good for the users as well as for the market as long they do their business under the law.
As we faced many ICOs were scams & non real use cases, ICOs were under severe restrictions & problems. Many regulations were imposed by governments. Due to bad reputation of new ICOs coming up, genuine projects were in a red line too. This is what i felt for last one or two years. Same issue for exchanges as well. there are many ICOs bringing up with exchange feature & some are operating, giving free coins etc. But how you can believe them? what is the guarantee for our investments? It's a new way of scamming as i feel. We don't want to put all new exchanges under this label but it's better be careful & not to use new exchanges much unless they are genuine.
I believe that if all new exchanges have received the appropriate licenses, then this is very good for the cryptocurrency world
I think with more and more exchanges, it will be better for the development of the coin market, although more competition will occur. And this means that the future of crypto or digital assets will get better.
That's all we need so the risk will be divided if we love to store our coins in a certain exchange. With a lot of exchanges in the market, it would also give us traders a lot of choices to choose and we can choose the best trading sites
that would fulfill our satisfaction.
I think with more and more exchanges, it will be better for the development of the coin market, although more competition will occur. And this means that the future of crypto or digital assets will get better.
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. 
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.
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 don't think this is an issue, many exchanges will enhance competition in the industry rather than to monopolize by few of them. Apart from that too, you can see a lot of coins are emerging on a daily bases, we need more exchanges to contain those new coin coming up. More also, for a coin to do well in the market it requires more exchanges listing to spread their tentacles.
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 don’t see anything wrong with it, there are can be over a million exchangers out there, it’s no one’s business, you just have to avoid the bad ones, that’s the only problem because as there continue to be lots of exchangers, there will also be bad ones alongside the good ones. You just have to fish them out. And the worst part with all these bad ones is that once you fish them out and everyone recognize them as a bad website, they will still go ahead and create a new site, that’s the thing that pisses me off😒
more and more exchanges will further narrow the market settings in my opinion and it needs to continue to exist, and the existing exchange needs to improve itself for better crypto quality. Crypto has been decentralized and if more and more decentralized exchange will be more attractive
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