What exchanges will survive? - page 11.

Minnie1928

member

Activity: 140

Merit: 14

Quote from: MinerHQ on March 12, 2018, 01:21:11 AM

Quote from: inel58 on March 12, 2018, 12:57:49 AM

as long as the traders are coming in there is no reason for them to take down.
and of course the trust of the traders/investors is very impotant

Exchanges are closing not because of they don't have traders but either due to they got hacked or due to government regulation they can't meet the requirement to continue exchanges so they will end up closing the exchanges. I too think that Bittrex may survive for long but can't say with full guaranty.

We can hope for the prevail of our favorite exchanges like the Bittrex but actually, we cant know for sure if this exchange will survive an ongoing wave of the new exchanges that are releasing their own coins and also the direct onslaught of the governments which are actually full of greed.
Their greed is getting so high that they are banning exchange transfers to FIAT due to increasement of the investors in the crypto market.
On a long-term, we will see but we cannot tell for sure what will happen.
Exchanges with the potential will survive but even that best secured may be hacked or even revealed as the corrupted.

Shenzou

sr. member

Activity: 1400

Merit: 283

Quote from: cheefbuza on March 11, 2018, 02:31:19 PM

For some reason, I have my faith on Bittrex.
But everyone is talking about coins and ICOs but I tend to believe most of the exchanges will be closed soon.
An exchange is a hell of a thing.

I think that Poloniex, is one of the exchanges that will never die, i mean it has the ability to adapt to the market and for what i have seen, practicly all the good ICOs that are successful have got their tokens listed on there, along with poloniex's low exchange fees and the ability to siwtch betwwen coins in real time makes it one of the best out there, and i am sure that when shits starts going down it will be the one standing.

GoodLuck2

sr. member

Activity: 630

Merit: 251

Quote from: Dondont on March 12, 2018, 12:43:12 PM

the OLD that till now still running is the best, Bittrex, Poloniex, Yobit, Binance, Bitfinex, i think its the one that will survive, the new exchange that only need our identity just for trading is not worth at all, so much exchange now, that release their own coin

With passage of time, every other week or month there are coming new exchanges that are facilitating their clients and users at utmost capacity. Still some are standing over the line and bitter is one of amazing exchanges. The most impressive thing about Bittrex is, it gives newcomers best feeling of trading. Such interactive interfaces and easy understandable features make it fantastic.

DanielRR1997

member

Activity: 196

Merit: 14

Binance has often been praised for its wide variety of support coins. Traders can use the platform for multiple digital currencies, including, but not limited to Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ethereum Classic, EOS, Dash, LiteCoin, NEO, GAS, Zcash, Dash, Ripple and more. As mentioned before, Binance also supports numerous tokens, as part of ICO listings. With this in mind, traders can use the platform to trade these tokens for a profit as well

poplolnman

legendary

Activity: 1442

Merit: 1008

Quote from: MinerHQ on March 12, 2018, 01:21:11 AM

Quote from: inel58 on March 12, 2018, 12:57:49 AM

as long as the traders are coming in there is no reason for them to take down.
and of course the trust of the traders/investors is very impotant

Exchanges are closing not because of they don't have traders but either due to they got hacked or due to government regulation they can't meet the requirement to continue exchanges so they will end up closing the exchanges. I too think that Bittrex may survive for long but can't say with full guaranty.

A hacked exchange frequently accused as a famous trick behind the real intention to scam . Idk really how many exchange claimed that they are under attack and forced to close the business with some compensations promised but they didn't do anything just disappear , classic scheme. The only exchage I can trust are the one who I know well the owner itself and it's my local exchange but globally ... Yeah bittrex seems promising with its service currently also with less problems they get rather than any other exchanges.

buwaytress

legendary

Activity: 2968

Merit: 3684

Join the world-leading crypto sportsbook NOW!

I harboured some hopes of a huge exodus from all these big Polos, Bittrexs, Coinbases to fast, cheap, user-secured decentralised exchanges when I first learnt about them last year. The hype started in 2016 apparently, but after participating in once ICO (yes, I was a newbie too) and trying out trades faithfully on two DEXs for a time (Waves and Counterparty), I think I was way too optimistic.

Meeting plenty of newcomers who still want to choose centralised wallets, centralised exchanges, for the benefit of having someone to talk to and help them out as they learn to use bitcoin/crypto, I'm now thinking that these big exchanges still have a lot of years left in them. In fact, they'll probably continue to grow for as long as we remain in the phase of mainstream adoption.

Survival implies that they're facing extinction, but other than regulatory compliance and hacking risks, I have a feeling the big exchanges still responsible for the majority of volume are here to stay for the foreseeable future.

Dondont

member

Activity: 446

Merit: 12

BitbondSTO.com | Germany’s First STO

the OLD that till now still running is the best, Bittrex, Poloniex, Yobit, Binance, Bitfinex, i think its the one that will survive, the new exchange that only need our identity just for trading is not worth at all, so much exchange now, that release their own coin

Reset779

newbie

Activity: 17

Merit: 0

Thus far, anything can happen. MT. GOx was the best crypto exchange and the largest. People thought it was legit and it really was... but all it took was one (ok many) insider hacks... and suddenly it went down without allowing too many withdrawals.

I personally think Kraken, Bittrex, and Binance and Coinbase are the safest bets. Poloniex has a lot of FUD, and I'm not really sure if anyone uses it anymore when all the new coins appear on either rex or nance. And Poloniex often has server issues that screws everyone over.

But i really feel like it just takes one really good hack to take down Bittrex and Binance.

Coinbase can get hacked, but it has backing by the federal reserve, so I think it will survive. Kraken seems like a solid exchange too. Kraken was around since Mt. Gox, and has remaind strong without any hacks.

BrewMaster

legendary

Activity: 2128

Merit: 1293

There is trouble abrewing

i strongly believe that in a couple of years we will see two different but both huge types of exchanges.
one of them will be the centralized exchanges but only regulated ones with strict rules and they will be under regulation and control of the government. so they will become big because of the higher security and nearly zero chance of them scamming.
the other one will be decentralized exchanges which will become huge because they are decentralized and nobody can ever control them and also there is near zero chance of anybody scamming you!

jeraldskie11

sr. member

Activity: 1316

Merit: 356

We all know, if we put a currency in an online wallets or exchanges is a risk because they can control or manipulate someones fund if they want. But because they want to earn money for a long time they didn't want to do it. The best exchanges for me is bittrex and binance for now.

BettingTips

full member

Activity: 238

Merit: 102

OPEN GAMING PLATFORM

Why you think exchange will be closed soon? How if there are no place for ICO investors to sell token they bought from ICO projects? I think it'll be terrible. If there are any exchange can be closed I think it must be small exchange like COSS but Bittrex, Binance, Bitfinex,...I don't think these great exchange will be closed in the future

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

Quote from: cheefbuza on March 11, 2018, 02:31:19 PM

For some reason, I have my faith on Bittrex.
But everyone is talking about coins and ICOs but I tend to believe most of the exchanges will be closed soon.
An exchange is a hell of a thing.

I believe Bittrex will hold it very well until a very long time.While there have been many issues regarding trading,balances,deposit and withdrawals, Bittrex has never betrayed anyone I can remember of till date. It has been running smooth from the beginning of its launch. Apart from Bittrex, Binance is the one which I think will make it huge in the future. I have read much about and have been following it online for many months. It has a good team behind it which is all it takes for any exchange to survive till the end.

Mr Kiwi

newbie

Activity: 40

Merit: 0

I guess the popular exchanges (for example)

will survive. Unless these exchanges are hacked like Binance recently (https://www.financemagnates.com/cryptocurrency/news/cryptocurrencynewsknow-hacked-binance-theres-250000-reward/), I don't see how they wont survive

It is best to read a guide to cryptocurrency exchange to fully understand exchanges and then make a judgement on their potential lifespan. I found a very detailed blog post answering lots of first time questions around cryptocurrency exchanges here

https://coinrating.co/guide-cryptocurrency-exchange/

posi

hero member

Activity: 2268

Merit: 579

Vave.com - Crypto Casino

Quote from: cheefbuza on March 11, 2018, 02:31:19 PM

For some reason, I have my faith on Bittrex.
But everyone is talking about coins and ICOs but I tend to believe most of the exchanges will be closed soon.
An exchange is a hell of a thing.

Some crypto currency will shut down theirvservices and I believe most of the exchanges will be Japanese exchange due to the current things happening there. Mind you, some exchange are already banned there and I don't think binance and bitfinex will survive.

squatz1

legendary

Activity: 1666

Merit: 1285

Flying Hellfish is a Commie

The ones with the best support, best professionalism, etc. This is, of course, going to be Binance -- they've really led the charge when it comes to being the best exchange and the fastest growing exchange in crypto. I wish them the best in their quest.

I see a lot of people here think that p2p / decentralized exchanges are going to win out, I personally can't see people getting involved with them, but that's just me. I guess we'll see what the future holds.

loraalbert

newbie

Activity: 184

Merit: 0

Bittrex is doing too well on their job, trust and longstanding reputation after binance, I still doubt about it. Everything becomes more important with bittrex.
Perhaps binance has created a series of lessons for so many traders because trust can lose many things from them.

hitrawal91

full member

Activity: 462

Merit: 101

BitcoinSN - The Real Bitcoin!!!

Quote from: cheefbuza on March 11, 2018, 02:31:19 PM

For some reason, I have my faith on Bittrex.
But everyone is talking about coins and ICOs but I tend to believe most of the exchanges will be closed soon.
An exchange is a hell of a thing.

Nowadays there are very complex with the exchanges as there are tons of Coins and ICO are been released day by day.Major exchanges like Bittrex and Binance have stopped adding New coins to their exchange and they have started delisting many coins from their exchanges as they are no use to be listed over there. In coming months only exchanges like Binance, Bittrex, Zebpay are going to be working and all other decentralized ones are going to dies sooner.

liuqi

sr. member

Activity: 1092

Merit: 257

LuckyB.it is Back!

Quote from: cheefbuza on March 11, 2018, 02:31:19 PM

For some reason, I have my faith on Bittrex.
But everyone is talking about coins and ICOs but I tend to believe most of the exchanges will be closed soon.
An exchange is a hell of a thing.

The most of the exchanging sites are closed in future because future crypto platform is user friendly so some changes is possible and current trading sites are not convenient for everyone only few sites are easily accessible in all the people. I think Bittrex, poloniex and Binance are survive in future and other sites are little complicated.

whirlcoin

full member

Activity: 602

Merit: 111

The exchanges which can give good support to the users will last long and the other will disappear in the future but most of the exchanges have very poor support to the traders if there is any issue it is hard to get solution for it so we need new decentralized exchanges.

qiwoman2

legendary

Activity: 2114

Merit: 1023

Oikos.cash | Decentralized Finance on Tron

I think most exchanges that focus on security and compliance and also move with the times, will be the ones that will survive. I have faith that many decent exchanges can survive and grow as the demand grows for cryptocurrency trading. If though the demand wanes for some reason, then if many exchanges are not in profit, they will eventually close as that can only be their inevitability. Let's hope more people become interested in Bitcoin and Altcoins in the future.

Topic: What exchanges will survive? - page 11. (Read 1369 times)