Bitcoin Forum

Hello everyone, I saw a new CFD trading platform for cryptocurrency. (www.mavsecure.com) I met a guy in TG and he referred me. So, how safe is to trade in CFD platforms? Is it profitable ?

Trade with real Bitcoins, or if you want to trade contracts for difference, trade in an exchange that allows you to buy and sell Bitcoins with leverage.

Telegram is full of paid shills trying to make themselves worth the money services pay them. I would stick to the reputable ones because that's the best way to avoid getting sucked into a scam.

I'm not saying the site that has been recommended to you is a scam, but your funds are on the line, so better be cautious. If you're really interested in CFD trading, use Robinhood or eToro, both reputable and reliable platforms.

If you think you're ready to go one step ahead and you have coins already, you could choose to go with BitMEX, but ONLY if you are familiar with leverage trading. If not, then stick to the aforementioned platforms.

Yes, they are offering leverage based on accounts.

You are 100% true and I agree with your points. I am just planning to explore new platforms, I am learning to trade on Bitmex too.

New trading floors are often not secure enough to trade. In addition, transaction fees are not much cheaper than large trading floors. So I recommend you still choose the good trading platform and especially good about security array. We always need security when trading.

I don't think you should trade.We don't know if the new exchange is safe.And the trading volume of the new exchange is very small.

If I we're to look for an exchange to trade on, the last place that I would look for suggestions is on telegram. Majority of the telegram communities are basically a breeding ground for scammers.

Tell you what. Pick an exchange here instead, preferably the top exchanges: https://coinmarketcap.com/currencies/bitcoin/#markets

absolutely right the most important thing is that we already have high-potential coins to sell when the market has started to be normal, so if in my opinion now it is better to hold than to do daily trading

I know, but you are not trading real Bitcoins. Trading Bitcoin CFDs are trading the movements of its price which, in my opinion, is fine if you can keep your profits in Bitcoin and withdraw them to your wallet.

In times like these I would never trust anyone when it comes to my funds, especially not via Telegram. This service is full of scamers trying to get your money. If you really want to trade on this site I would invest the lowest amount possible at the beginning!

Yes, you are right. Most of them pop up with lots of scam scheme. I am just trying with the bonus money not depositing.

The level risk of CFDs trading is higher than spot trading because that CFDs use leverage. For the beginer trader is better dont jump in to this trading platform and much better more focus trade on spot market. Many newbie trader first jump in to leverage trading and finally they loss much money, so avoid leverage trading if you are new in trading.

I have been trading in binance but not in margin trading/ CFD trading platforms.

Telegram is filled with shills that are paid to spam different groups. I'll be weary of a recommended exchange by a random person on telegram. Leveraged trading is what those guys offer, and I'll advise you venture into it an amount you're willing to lose should anything go wrong. Leveraged is risky and could rekt you easily, so be careful.

Telegram is replete with shillers. You'll be surprised that guy is yet to even try out the exchange, but he's busy shilling it because he's paid to do so. Before you venture into it, know that it's not the basic trading you'll be doing on there. What they do is leverage trading and I'll advice you do that Bitmex which is more popular in the space already

I am trading on BitMEX, and opened second account on BitSeven (bitseven.com). They both have a lot of advantages and are quite reliable. And there are much more better conditions to trade on these cryptocurriency trading platforms than trading with majority of cfd-brokers.

It is best not to trust anyone in this market because the risk is enormous. The value of the penny has dropped a lot and you just need to consider your crypto investment. I often do not like the news on the telegram because it is completely forged and can cost us money

For CFD trading the platforms and their affiliates now have to announce this:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of the retail investor, accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

I would choose a traditional and well known CFD broker if I was you. There are eToro, Avatrade, Markets, and Plus500 for instance.

You can read reviews about them on www.cryptocointrade.com

Firstly you should know about new exchange. If the exchange website is secure then you can trade. Because now many new exchange is scam, we seen already. So use before new exchange know about all things.

New exchange sites should be given the chance to grow and its by patronizing them that is made possible. However, its not something that should be done blindly because in the midst of those that are genuine entrepreneurs who are trying to carve a niche for themselves, so also are those that are bound to reap people off so knowing the about such site in details before committing funds there is very essential. But the question I can't seem to understand is how the platform to trade is in relation to the profit that would be made. Aside the variance in the fee charged by exchange sites platforms and volume of coins to trade with, there determinant of profit is the entire market.

It depends. First of all you have to read their whitepaper & decide wheather that project can be a real one or not. Then checkout their social media responses & teams responses. Than you may evaluate their volume & start trading.

its too risky to trade with new exchange. without proper information about new exchange its too risky to trade. so my opinion is stay way from those new exchange and trade with trust able exchange like binance, bittrex, kushare etc.

This is true, there are loads of new exchanges and some of them are full of scams and viruses you never knew not unless you've done some research over the exchange plus they are new so there might be some bugs, glitches and system failures to their security once a genius geeks explored and exploited their platform but there are decent ones inspite their fresh platform to the industry so beware.

Why did you choose to follow it to try new markets? Lots of good markets out there, i only try new markets when I get koin other than bitcoin, and that must also be included with the official announcement from the coin team and not from references, so as not to be fooled.

Why wont give them a chance? We know that all exchangers do really comes into this initial phase since they do start up.Its not right to say not to trust new exchangers but I agree the chances of risk on suffering problems is high due that they are not still known by lots of people but they can possibly deliver their job or service on people well and might get some reputation gradually.
I have checked out it by looks of it, it isn't really bad at all.

There is nothing wrong with trying the new market or new exchanges as long as we can confirm it is legit, and some of the coin with huge and merry official announcement also can be scam, so we can't believe some project only based on the official announcement there are a lot of thing to search before entry into the market, trying new things is necessary to widen your knowledge but there are scammers lurking around, so you need to be extra careful especially when there is someone contacting you to introduce the market

New Exchange often has a lot of problems with liquidity and low transaction volume that will cause these new exchanges to collapse soon. I usually only select the old exchange because of its higher reliability and help me manage the property in the safest way.

Agree, as long as you are willing and indeed a trader, there is no harm in always trying a new exchange, because having lots of places for trading will make you have more references that will benefit you yourself.

I don't know about that exchange because this is my first time to hear about the site. I think if you want to try to trade in that site, you can start with a small amount first and see what it happens later. I don't want to use a big amount of money in a new exchange because I don't know if the exchange site is very safe to trade and how the owner can secure their website from the attacker that might comes to them to search the weakness of the site. I don't know about the profitable because I don't try to trade in that site and perhaps, I will know how good their website after I try to buy and sell for a month or two month so I can decide to stay on that site or not.

You can use that trading platform when the price of Bitcoin downtrend because you can make profit by short the price and when you have prediction the price will rise for the better trade real Bitcoin on spot market because will promising higher profit with less risk than margin trading. CFDs trading is more risky because use of leverage.

I may not understand something, but a person just found out about a new and trading platform, and already asks how to trade in it? if you just learn about something, and especially from telegram, it is better to first read on the Internet about the platform, and if something is not clear, then learn incomprehensible terms and definitions. This is the same as I ask: "what is a wedge bit and how to earn money on it?" Without knowing what a computer is.

If someone reffered you a link or trading site kindly check it if its legit or its belong to the best and safe trading sites so you can assure that you money will not gone. There are many CFD platform but I suggest you should preferred to trade in trusted site.

According to me trade in new exchange is always very risky. Also daily trading volume is not so much high and that's why you can't get much benefits.

I don't know about this platform, as long as there is good feedback from users I think there is a not harm to trying it, you know the crypto market is very hard to trade and margin, so far I'm still focusing on assets that I hold on some exchangers and don't plan to put assets on another exchanger platform.

first of all you don't need high trading volume to be able to make profit from trading on some exchange platform. you just need it to not be dead and have some minimal volume so that it can cover your orders. how much you are you going to buy and sell anyways? 100BTC worth of coins?!
secondly trading volume is not a good indication. meaning if some exchange has high volume it doesn't make it a good one. they can easily fake that data.

Just make sure that the exchange is trustable based on community feedback.
And remember for not put any fund on exchanger eventhough it's like poloniex or bittrex because we can't predict what will happen in the future.
As we all know that cryptocurrency is full of unpredictable things include current btc value  :(

Anyone in telegram can refer you anything and make it sounds good to your ears but you need to make your own research when it involves investing your money. I've seen many kinds of recommendation online and besides you don't personally know the guy.

Personaly I would prefere to trade on exchange with certain good reputation and that has considerable number of users who are satisfied with service, a transparent terms of use. Also it's very important to me that it's legitimate and trustworthy and good covered with customer support.
The site you asked for doesn't give me confidence but I'm not saying it's a scam. But before you put your money there make the due diligence, don't rush.

Well, you should be careful in trading new exchange, as there are many scam exchanges if you deposit funds in those exchanges then you have to certain that you can withdraw funds or you would loss all your funds.

I don't trade with the exchange that is not list on the top exchange market at the coinmarketcap pal.
It is too risky if we trade in the platform that has no stable community and market to their platform as well.
Therefore, if you want to trade and get a lot of profit choose the top 10 exchange in coinmarketcap.

New Exchanges open every day, you can so even if not but there are thousands of them, you should get to know its core first, I prefer new decentralized and p2p ecosystem exchanges, so they can give more freedom to the people like EtherDelta or DexAge, IDEX, I even remember EtherDelta had issues with SEC in USA that's because of decentralization again, they are trying to be open to the people and live aside from the governments but of course governments do not agree with this.

Choosing new exchanges will always had lots of risk and choosing a new project also be there like that so if you want to invest and exchange that you need to wait with patience for making good decision

The risk is very high and its not good for a newbie to use untrusted exhanges. If you are new in this market you should always look for the best, the best coin and of course the exchanges because your main concern here is to lessen the risk while you are learning. Trade on a good exchanges, its better and safe.

Always go for a strong exchanges which already made a good name in this market. Its too risky, and if I’m going to decide I will go for a bigger exchange. This is not about the trust issues but its more on your security and making the risk less. You can trade but don’t put too much money on that.

it's better to trade in reputable exchanges, because in my opinion it's safer, do not include all your funds in the new exchange because it is very risky.

I am not the type of guy who jumps to whats new online. I always look for reviews and feedback. Specially if its about money. For exchange sites, I would wait for a few months before I put my money there. I know there are perks for those who registers first so go ahead and register but dont put a lot of money if not necessary.

I think you should wait and chose exchanges that already have good track record. New meaning challenge but it doesn't mean not good because depend my experience new exchanges have so many services complaint. If you want just try it and share your experience with us.

Are you sure about the security of the new exchanger?
are they really running?
what is the current trading volume? Are many altcoins interested in listing on the exchanger? otherwise don't try to trade on the new exchanger.

I suggest to trade in reputable exchanges, it will be safer. I can’t comment about whether Mavsecure is safe since I do not trade there. If you really want to try trading with new exchanges, start with a small amount to test.

Never know what kind of exchange is that and as you said people who are just going to start the crypto trading then it is better to start with Binance where the fee i much lesser than others.ANd only use the other exchanges when you don't have that pair on any reputed exchanges.

Right. And why would you want to risk trading in a new exchange when there are several reputable and established exchanges already. Let other people try that out. Better be safe so you won't have any regrets. Its your money you'll be experimenting on when you trade there.

Trading on an Exchanger that's  been recommended to you by someone is definitely not a good or welcomed idea in my own perspectives you should do a proper research and investigation about the platform and how they operate before you move in your funds.

Remember that you should look very well all about the Exchange, it is not advisable to put your money in such a new Exchange, there are many in the top of Coinmarketcap that are reliable and very safe, remember it is your money that you will put there.

We can't blame other traders to trust the unreputable exchanges, because not all tokens will be available to trade at popular trading sites. That's a good advice when we start at smaller amount, and we can determine the actual activity once buy and sell was already achieved successfully. Risking your asset is really frightening, but if you passed the challenge that's a big reward in the future.

And two months after the OP opened this thread, he doesn't reply on it so it's either he did stay away from that exchange and heed our call or just continue to trade because it fits his goal. But nevertheless, we all know that there are a lot of exchanges that we can trust, so I wouldn't put my coins at risk by trading in a fairly new exchange, just saying.

Using new exchange for your trading is depends on your decision firstly make sure before to use it learn it if easy to use in your convienient day to day trading work.

I never heard about that site. Why do you want to try a new CFD trading platform instead of staying on the recommended exchange website? We don't know about the safety of that site because the site is still a new trading platform. But if you are really curious about the site, then you can try to trade on that site. But remember, don't use big money to try and only use the money you can afford because of you don't even know how good the site.

The probability to make profit in CFDs trading is smaller than trading on the spot market, because by use leverage we are increase the risk. Leverage trading can be the same like gambling because just about 10%-20% of trader that possible to earn profit and remaining trader has been loss money. I dont like to take too high risky trading , so i prefer to trade on the spot market.

We all know there's no activity without risk, you should have plan to minimize risk before use or enter something. About exchanges, you can have right opinion by use their services, isn't good or bad?. All about practice, trial and glory will create better person.

Maybe at least OP want to know that exchange is safe or not, because some of us maybe only have a little amount of money to transacted and if the exchange is scam, we can loss that a little amount of money which only we have. But if me my suggestion only use reputable market and do research before use new market especially if not really famous.

New exchanges are not safe for trading with big turnover. If op is planning to enter trade with last money then this discussion useless due to obvious reasons. Btw CFD contracts are not best for leveraged trading and other alternatives can give better returns for same trade.

all big and popular exchange such as binance , poloniex , kuckoin and others were also started as a noob or a newbie before they got thier reputation and became succesful  . so you cant just say that new exchange are not safe because that is a disrespect  .  best way to tell if a scam or not is to check them properly . deposit light amounts and start trading on the exchange   but scammers wont pull off a scam with a little to less profit . they must wait for the exchange to grow big .

if you find a new place of exchange you should be able to see more about the security on the exchange, and as much as possible for not too much money you use there because it is still a new exchange place, it is better to avoid the risk rather than face the risk.

I think you should not trade on new exchanges. The new exchanges are really unreliable. Mavsecure's interface is also really not beautiful and it is not created with care.
Trade on major exchanges, there is high security and there are supporters who always support you.

I'd better research about it first. For example when was ICO, what team, how ,uch raised, how it works inside. Because there are to much exchanges at this time. But there are some interesting. For wxample DexAge. They are running an ICO, but already have MVP. So quite interesting.

Be careful with new exchanges if you want to trade, because there is an event to attract users, maybe I would suggest reviewing on several sites or forums, if you want to trade on new exchanges

Try trading with small amounts, new trading platforms are still on testing stage. It may take a while since most trading platforms are still testing their security and looking for bugs. It is risky to put a large amount of crypto in new exchange. Trade at your own risk.

It is not advisable to trade in the new exchanges because we don't know how potentially they are providing security to our coins. So always try to use old exchange which has huge potential in the market because news exchanges may have fewer securities compared to old ones.

Most of the exchange's security is shit so don't trust them for holding coins only use it while trade and then move it to your wallets.

   Once upon a time crypto-currencies were new for all of us. Now there are new things out there in crypto-space, why not to give them a chance.
Reputable exchanges are reputable for a reason, but even new exchanges deserve to be tried before we comment about them.
   New ICO`s, new exchanges, new people, we need to give someone a chance before we judge them.
   I needed to say that after I saw how many comments there are from people who didn`t even try it!

This is really a normal trading platform and not a good trading platform. You should not trade on new exchanges because their security system is not good and your money is easily lost.
You should trade on large exchanges like Binance, Okex, Houbi, ... transaction fees are a bit more expensive but it will make our money safe.

looking for valid information about the exchanger is the right step for you to take before joining it. well, sometimes we can find out through people's comments on the telegram, or anything else. sometimes a new exchanger takes care of new things and that's quite interesting.

This is a perfect style of advertising lol thats an obvious thing ,because how stupid the question to ask if the exchange is profitable when the truth is we will be responsible for our gains and not the exchangers

Why try other exchange when you can have a much safer and more complete sets of coins or tokens you might consider to buy?common mate stop fooling people here we have more than enough since then

Even binance can be hacked or scam you because its still a centralised crypto exchange so use DEXs if you want to be in full control of your Holdings or just move funds too often to wallet and exchanges.

Before trade anything else you need to know first if that trading site is really safe to trade and getting some feedback of the people who already tried it is very useful because you can know what is your going to do next . Do researching about the trading site that you give to us.

Correct you do not know if that legit or not. First do research to know legality it's better to be careful and asking a lot of question and do some suggestion to the people who are expert or experienced in trading to avoid or preventing to lost of your money because I have experienced exchange who are new and after I deposited my withdrawal is pending and now is scam.

I believe the best place OP can start should be https://coinmarketcap.com/exchanges There is a reason there is a hierarchy among the listed exchanges. Take your time and visit chat rooms of whatever exchange you're planning sending your cryptos or cash to and hear what other customers have to say about them.

Mostly new exchange nowadays are not provably fair mate and sometimes totally scam and very difficult to determine base on my experience and research as well.  Which is if i were you much better to choose those legit site and the most reliable just to assure your funds is safe and less worries . Don't put your capital into risk situation that can cause you to regrets in the future, bear it on your mind mate!

yes you are absolutely right most of the new exchanges had to be to searchable before entering into that so if you are doing new investment in an exchange it will be more risky so make the step more useful by using long time.

before choosing and new exchange we need to know something and that is most of the new exchanges or not a trusted exchanges so confirm that you are using good exchange after that you can make an exchange and that this will the right procedure to do.

I will only suggest choosing the big, recommended, and reputable exchange than to try a new exchange because it's too risky, we don't know how good they can handle the security of the exchange website. There was an exception for a small exchange which can run stable without having too much problem so I might suggest trying that website to trade. But so far, better to stay with the recommended exchange, so we don't have to worry about any problem.

There is high risk involved if you choose to start trading in the new exchange, so always try to research before start trading there because already most of the potential coins are already listed in the old exchange then we have to choose the new exchanges.

I don't usually trust a newly launched exchange, I much prefer to go in trading if that exchange will reach at least 1 year old in service and less costumer complaint. Why you did not choose reputed one like Binance exchange or those exchanges that proven and tested when it comes in their service and to avoid the possible problem you may encounter near in the future.

Before trading any new site we should awareness about the exchange. Because there is no garranty   that the exchange will be safe. Always try investigate before making any deposit. And some time some exchange does not support all the country in the globe. So take a look that you are eligible or not. And sometime can not withdraw without kyc. So its need more time for bypassing kyc. But if you need the money too fast then it will be problem to you. So be carefull  and always try choose very known exchange  for trading. Thanks

The curiosity will make  us to try what is something new. Not exactly newly created exchanges will be a scam project nor it have possibility of losing our accounts. The only thing we should do is to review for their feedbacks before doing trades and if there is no problem why not we don't try? Maybe it give us satisfaction in terms of fees and speed of service.

Agree that they can give us the satisfaction of the fee and the speed of service but I think we still shouldn't try because although it may not be a scam exchange as you say but I believe the number of people who can trust a new product is very low, trading volume will be very low and as an investor and a trader, I don't think I can make a profit with such an exchange. Instead of looking for new exchanges, we should focus on the old exchanges, these are places that are very lively with a large number of members, the opportunity to make money is very much in these areas

Not all of exchanges are safe so we should carefully choose on the exchange that we will use. It is advisable to use cryptocurrency exchange that are popular and have positive feedback from the cryptocurrency community.

we really have to be able to do a test whether the exchange is safe or not. because now most of the exchange is unclear and there are also many whose security is not too much noticed and ends with hacking

It is still safe and better to trade in the exchange that has a good reputation in the market already, just like Binance, Kucoin, Coinbene, Idax,

Lbank, Houbi, Okex, and Bitfinex those are safe and profitable to trade in.

I recommend you, don't click or visit any site by getting link from someone in Telegram. Most of them are scammers and spammers! They always try to scam people through scam phishy link! I have never heard about this exchange. New exchanges are not bad, but they should gain some popularity and trust at first! According to this, you shouldn't trade on that exchange, be aware.

It is our own instinct and detection for such a link is just a scam or not. It is better no try any if we aren't sure for its securities. We mostly found links in the telegram send from unknown persons, but why not we try for it to know if that is a legit or not?
I believe we all aware for scam activities but it somehow may were still a victims cause they are not listening to us and also wanting for easy money which they didn't realize that they are fooled by scammers.

I advise you to use only popular exchangers if you're in doubt. Also, trade in exchangers that are listed in coinmarketcap to lessen the risk of losing your money.

That's for the seek of having assurance and less possibility of losing our keys. Cause we found that mostly new exchanges are just scam or the long delays we have experience. However, there is no wrong if will try new exchanges but to make sure you check the credibility of the team and hows it service provide to their clients. Never step in if you'll found it suspicious or a questionable creations.   

But that doesn't mean new exchanges will loss of money,it just happens to be that there is a large percentage of that actually happening.
If the OP has done enough research about this particular exchange,and feels it suits his security criteria,then there is no harm in trading with them
But why go through the stress of being skeptical about it when you can simply trade on well known exchanges with large volume

Maybe I am wrong but I think we need to wait to choose any new exchange site because of the safety of our fund. If you are satisfied with your existing trading exchange site then don't need to move.

It is really better if we will find a exchange that have high volume and also have good review from the traders.  There are scam exchange all over the internet so we should only make investment with exchange that are reliable.

if it's a new exchange please be careful before you make a deposit to the exchange, before you make a deposit make sure the exchange is really safe. because many new exchanges are finally SCAM. so choose a trusted new exchange not to lose your money because of your own mistakes not be careful

A wise man once said "Stick to what you know" I couldn't agree more. This is why I'll advice you to stay clear from it because It is always better to be safe than sorry... When choosing an exchange to trade, You don't just pick an exchange without carrying out due diligence. First  an exchange without much liquidity isn't advisable. Also, While you're chasing after those profits, remember to ensure that your capital is protected.

You can definitely do this if you had hundred percent confident and the exchange my opinion for all the person to select exchange was before getting entered into a exchange do some research it will enough to trust the exchange that will be new or existing in this market.

It will minimize the risk of losing the coins or being hacked, so we don't have to worry about the bad things. But sometimes, traders can try a new exchange so they can compare between the other exchange and besides that, they can get a new experience from that new exchange. But always remember, don't use big money to test a new exchange because we don't know how secure that site to prevent from the attacker that might come to test their security.

you're right, someone is free to try a new exchanger, but remember to try it using minimal capital. will be more risky when you want to make a large transaction, but that is all a choice, because sometimes a new exchanger also offers quite interesting benefits. but for me, these are good tips.

New exchange are aiming to grow big because the potential of profit is big.
Trading in new exchange is not necessary especially if the coins you are looking for is already listed in a big exchange.
Normally, small exchange will list small project coins because the team will choose to pay lesser than venture in big exchange
where there is no assurance yet if their coin will grow.

They weighted the risk and that's what they do, so we, traders, we should also know how to do it as everything here has a risk involved.

If you met a guy in TG, I'd not trust him ;D
If you want to trade, choose trusted exchanges - Binance, BitStamp, BitFinex, Poloniex, Bittrex...

Just pick another exchange, you should only do trading jn an exchange that are trusted by many users and have good security. There are now many exchanges that been crashed due to the hackers worldwide, we cannot ensure the safety of our capital if we choose exchange that are not reliable.

I heard this exchanger name the first time and i have no idea about this.There has a lot of trusted exchanger on the crypto world and binance and bittrex are most trusted and secure exchanger so you can create an account and start trading.If you want to start trade always choice most volume and secure and trusted site because some exchanger stop trade and people lost their money.

You're welcome. That is what I always do when I want to try the new exchange. We don't know anything about them and we want to make sure if that site can be the next choice for me or not so using a small amount will be better. Besides that, make sure you activate 2FA in all exchange, no matter if that site is small, new, or even bigger because we don't want to get hacked in someday.

trade what amount you can afford to lose to prevent regrets 'cause it's pretty new and you have not yet specific information about it. Then if you didn't want to risk well stop and remove your interest on it.  and trade with  those certain site instead wherein your capital is safe and secure.  

Everything you said is true, we should on a trusted site to be secured.
New exchange is quite risky since anyone can make an exchange but the hardest challenge is to grow it and earn reputation.
Big trading sites earn their reputation alone their journey and they deserved our trust, let us not allow this new sites to take our hard earn money.

Well new exchanges that comming at this time. No one knows if it's gonna run in long-term because lot of good exchanges right get scammed and that's they always complaining.

if there is a new place of exchange you should be able to see how the security and exchange system first, do not let you be exposed to a fake website and cause you to lose the assets you have.

There are more and more crypto exchange coming out mthis days and offer low transaction fee and high security based on their profie but for me i would stick to those big exchange that already existed and tested like binance, bif ex, coinbase etc. There are lot of crypto exchange hack report and trying to trade in new exchange maybe a risky decision for me.

I strongly agree with your statement because at the moment there are a lot of exchanges that have been hacked and targeted by hackers who want to steal assets on the exchange, so it's better if there is a new exchange place you have to be more careful.

If I were you, I will basically research that exchange site and will compare it's platform from an established platform. Also, you can still try to trade with that particular exchange with a very small amount of money. Just do not give personal infos like email address when signing up. I suggest be careful when you decide to trade with that unfamous exchange.

Trying it with small amount of money and while doing that, try to research more about this certain exchange, check those who also got the chance to use and research about their reviews, personal experience might weight in but other's experiences is also important so you can make some good decisions whether to continue using it or need to think twice deposing much higher amount.

You have to trade on new exchanges only after you find that it has enough trading volume and its just real volume, simply depositing your money into new exchange wil make you in trouble.

if it is a new exchange, be careful if you want to be tranding there because lately there are a lot of new exchanges that have sprung up and finally what ??? they are scams

Is not advisable to trade on an exchange without solid reputation. The recent lost or death of several CEOs of some exchanges were as a result of lake of TRUST and REPUTATION. Beware of these new springing Exchanges because they could end in SCAM!!, keep up with the old exchanges which are better known for their service rendering.

Being too paranoid with scam do somehow give out some false generalization in all sorts of things.Havent you consider on how those reputable exchangers do able to reach their top spot?
All things doesnt start to have directly high reputation but rather all starts from being a new one or scratch.It isnt bad to try or use up new exchangers but
as a user/trader, its your responsibility on how to make choices.

For now i prefer to trade real Bitcoin on the crypto exchange because the price already oversold, i only doing margin trading when crypto already high. For beginner trader is recommended to trade on the spot market because the risk is lower. But if you want to test your knowledge in CFDs trading, just create demo account so we not take any risk.

I think the new exchanges are not reliable if it doesn't have good partners or a great community. You should carefully check their credibility before depositing money.
If you do not feel safe, you should trade in large exchange and the transaction fee is not too much.  ;)

Choosing a new exchange is not an easy option to trade because if those exchanges do not have the trust of everyone, it will surely make you face a lot of trouble in the future. I think it's best to choose a safe solution because it will help you ensure the best asset and can focus on making a profit at that exchange. The best advice would be to choose Binance because this is a widely used exchange

Don’t forget that large exchanges don’t just become large overnight, they have all passed through these early stage before becoming large and that is the reason why many of these exchanges will continue to alter the volumes recorded on their platform in other to look big for users, since we will always end up discouraging other users against them because of their volume.

What we really need to be concerned about is the credibility of the exchange like you said and be sure they are real and genuine; volume will build up on them overtime starting from us. So if he finds them worthy and with good platform, he should go ahead and try them first.

I recommend that you do not use such new services without conducting detailed research. Although the website addresses look nice in terms of software and design, it is necessary not to rely on these factors. User comments, opinions that have made transactions here before are quite important factor. On the other hand, the suggestions, comments and recommendations of the users who are currently processing are of high importance because they will transfer the current status of the service to the best of us. I also don't recommend that you use all your capital here only if the service is reliable, because if there is a possible account lockout, there is no legal place or area to complain about.

Always when you look for best exchanges, dig further what they offer if one trades in their platform. Check out the coins listed out in the exchanges and the crowd coming in. New exchanges will always have kick start problem unless they have created a huge and successful market bit before they launch the exchange. We do have very few exchanges who have created too many offers in hand for the traders.

obviously it is still doubtful if we choose to trade on the new exchange because the exchange does not yet have strong trust in its users. the money we enter can easily be lost after the exchange already has a large amount of money from other people who are interested in trading in it because lately many people are looking for profits by harming many people especially if the exchanges we visit do not have a great team and can falsify the names of people involved in the project

I don't think that cfd brokers are good idea for trading crypto

It is not a good idea to trade in new exchange because some new exchanges are scamming the people. Mostly they will list the coin already which are traded in good exchanges. Already those coins are listed in very good exchange better trade those coins in old exchange.

This is exactly true and it beats me hallow why people would like try any new thing that just springs up without any past record to show for it. What is the catch in all this, I ask myself. Why risk your capital all in the name of trying out a new exchange. Well, for me I always try as much as I can to avoid them. I can't be a Santa Claus to a new exchange.

New trading exchange can't be trusted. There are many new trading exchanges, some of them are a scam. So, it would be better to go for more reputed, established exchange.

I would only trade on the biggest exchange and only keep what I'm ready to lose on those exchanges, there are already too many exchanges to trade crypto on now, only use the trustworthy if you want to trade with bigger amounts.
I don't know that  Mavsecure exchange you want to trade on. I mostly just use the binance exchange right now.

Definitely we should have to choose the most trusted one but somehow, some coins aren't listed with especially those tokens coming from bounties or airdrop in which we don't have to choice but to used with new exchanges. There is nothing to be worried with that, only we should not visit phishing sites that could lead into losing our funds inside our wallet.

well, in general conditions, of course we all choose to trade on large markets. but, in certain circumstances, we sometimes need to trade in new markets. well, as long as the market has trust, I don't think it's a problem to trade on that market.

You need to collect as much informations as possible in regards with the new exchange before placing your money on it. I myself prefer to trade on the exchange that I already use for a long time instead of using the new one. About profit, it will depend solely on our own hand and not by the exchange nor others hands.

Why do you want a new exchange? that may be unreliable and you will lose your money through it, There are many reliable exchanges that advise you to trade your currencies through them safely OKEx, DigiFinex and Binance They are among the best cryptocurrency exchanges, If you are a beginner in trading, I do not recommend CFD platforms.

Everyone always get so excited when new trading platforme appears. Probably because they think it will offer some extra favourable terms. But in fact there are not so big differences in terms and conditions so the most important things are trustworthy and good reputation that could be background checked. Be very careful where you put your money, it's very hard to recover it once you lose it.

CFDs are good because with small amount for capital can turn big when using leverages this is why its enticing to use such exchanges but this could also backfire when you don't know how to use it. But then you're right new exchanges are something to avoid here in crypto. You won't wanna be caught up sending your documents for KYC while your funds are hold. Worse is that the exchange is a dummy scam.

Hello someone used the opportunity to exchange on this service?
https://coinswitch.co/ (https://coinswitch.co/)
is it possible to arbitrate because of this?

If you know it already that telegram is full of paid shills then why are you still thinking of trading on new platforms. Besides, there are a lot of exchanges and trustworthy exchanges. So, just try those tested exchange and trustworthy. The more tested the exchange the more trustworthy the exchange.

You say a lot of points exactly that there are many new exchanges being created for the purpose of cheating and stealing property from people involved in their exchanges, however, that's not all, we can still see some new exchanges working very seriously, they even have a lot of highlights, they really want to penetrate and become part of this market. Therefore, instead of thinking that new exchanges are deceptive, we should have careful analysis and filtering, there are many potential new exchanges and we should participate

Being careful is one of the best attitude inside this market, why would you take any risk in something that you are not familiar with, unless you are a explorer and a risky type of a trader, and you are willing to spare some money to try your luck with new exchange, there's no issue using or trying
the service as long as you are open and you are willing to take chances, always begin with money you can afford to let go.

Going through the trading website it is possible to find the legitimacy. Also with exchanges there is not much of scams, most won't be successful just because they won't be having good trading volume on different cryptocurrencies. The trust on the exchange gets faded when some form of security breach takes place making people loss a huge fund as exchanges have their own terms of service describing loss through any means is not responsible by them.

CFD trading for cryptocurrencies is the profitable type of trading that allows earning money on rising and falling markets. The advantage of this technique is that you don’t even need to own the cryptocurrency but predict correctly the price changes of the cryptocurrency. Any kind of trading can’t be safe by definition because it is aimed at price speculation and always involves some level of risk.
One of the key concepts you need to know about CFD trading is the leverage that is both benefit and disadvantage at the same time. You can deposit a small percentage, it could be 10% of the trade’s value but still gain a 100% reward if you predict the price movement correctly. So trading on margin multiple your returns, but if you lose, your losses are magnified as well.
Many CFDs allow you to open contracts on crypto to fiat, but some providers also offer crypto/crypto CFD like for example new platform CEX Broker - https://cexbro.com/. I think it should be a good broker because I had a great experience with cex, the company that launched it. Anyway, it’s definitely not a scam.

It is not a good idea to trade in new exchange because we don't how their strategy and listing work. So it is always good to work with the most reputable exchange because they have already listed very good for trading then we should show interest towards new exchanges.

First of all you need to know about everything of new exchange that you want to use for trade. Cause there have so many new scam exchanges. Don't forget about this all otherwise you will get in touch with scamers.

I just found out there is a new CFD platform that offers many choices. However, in order to avoid scam cases that are rife, it is better to use a leading exchange / CFD platform. To play CFD, I usually use Bitmex.

Of course, it is always an unwise idea, these new exchanges always have many errors because their development and plans are only in the update phase, which means we will become their experiments, our use process will be the foundation for them to grow. And trading is a serious job and we are making money through it, I don't think we have time to do experiments for them, most importantly we can lose in the process, So choosing reputable exchanges is still really good choices when we want to make money, new exchanges are only for those who want to seek innovation in technology

New exchange is always risky for traders. I will suggest you don’t use any new exchange without proper idea about that exchange.       

Most of the good exchanges are being discuss here in the forum, I don't know if they have an ANN thread but most likely they have.
The reason we use old are reputable exchanges is to ensure our assets are well safeguard and old exchange are more liquid than the new one, so why are we trading in a new exchange where most likely some of the coins are just shit coins.

Go and see review about that exchange first if you want to use any new exchange and if they got good reviews then find their trading volume is real or fake and when they got decent trading volume then you can use that exchange.

Normally the reviews about a particular platform give you an insight into the status of the platform. The reviews could not be genuine in different occasions so another way to see if the digital platform is okay is the user base of the platform. See if they have great number of users like we have in Binance and in Coinbase. This is something that can help you decide whether or not to go for a platform.

Everything is about community's reviews. New exchange with a little review must be concerned when we want to trade in there. Maybe it will need time, but build reputation is something important for any exchangers.

Will advise never to trade on new platforms either, exchange or gambling platforms because, there's a possibility of be scam. Ensure you carryout your trade on an existing exchange platforms, where your coins or tokens can be kept safe. Most of these newly launch platforms, are prone to scams and we should avoid them by all means to keep safe.

Not all new exchanges we're just scam only, some of them can be trusted also but the fact that most of them were full of shit, it certainly affects with the others. We can't blame those people won't trust easily for the new exchanges as they have a bad experience before, but maybe we have to open our mind also and not just to judge as a whole.

Agree with you, although the new exchanges in the market are pretty bad and lots of scams, it still has some good exchanges, so we can't judge them in such a subjective way and good here does not mean that they are full of features and support like big and reputable exchanges. Good here is only the level that we can use and can consider for participation in the next time, ignoring them immediately is something that should not be done, they need us to grow, the money to participate in new exchanges is not so much

not all new exchangers we have to suspect, although in general they cannot be trusted but this can also be a good idea when the new exchanger has a team of experienced developers.

This is a good idea to think about the famous digital exchanges in crypto space if you intend to invest and trade. New exchanges might be good as well but people generally tend to prefer the best exchanges and Binance and Coinbase sounds to be some of the best exchanges out there. Users over here make more money that on any other exchange so try to focus here.

I think trade on new platforms is kinda risky.So i would recommend you to use reputable sources.

Personally i trade on Monfex.Check it out.

It may not necessarily be risky, those reputable exchanges you are speaking of also started from somewhere too, look at when Binance came out, if people has not given them chances despite the fact that we had lots of reputable exchanges in the market then, would they have been where they are today? Or would we have known that they have this potential and would also be the savior of crowd funding market with their IEO innovation.

We should stop condemning some of these new platforms, we can only advise them to be careful and not start with so much money first. This exchange you even talked about here is also new to me and I feel you are just trying to promote it, what id people have that same mentality of this platform too? Would you ever get any volume for it?

Anything on this world do start on the beginning as you said we should not condemn generally if we do see new platforms in the market on not to be successful because we wouldn't know on what lies ahead.

I remember those years where Binance was just new, it do get the same insights and been compared to those reputable exchange that time but look at we now, where binance is one of the top spot.

my advice, you should be more careful with new people that you meet in Telegram, not be prejudiced or suspicious of new people but you shouldn't trust 100%.

there are also some people in telegram who chat to me about airdrops and where to exchange it, when I did my own research on the site it turned out that the site-directed at me was a newly created site. I'm just afraid my deposit will get stuck and the site disappears.

I have never heard of it, and in a case like this, I will not try it, because I personally avoid trades that have not large volumes and are not yet well-known.
I am very careful because only I have an obligation on my funds, so do you,
and if the funds are lost no one can replace it, be careful only the best answer I can give you before it's too late.

Trade on reputable exchanges like binance, kucoin and other trusted decentralized exchange like forkdelta. I wouldn't recommend those new one because some feedback aren't good to hear particular on fake volumes and trading histories, which I think a big dismerit for those so called new exchanges. Although some new trading platforms got good reviews at social media and telegrams, still it's not reliable.

Just trade on the popular and good exchange.  Before starting trading make time to search and get feedback on this exchange. As we all know there are many issues like hacking on a certain exchange so be careful and choose a good exchange.

Of course, you are right. We shouldn't condemn platform just because it's new. I just mean that for me it's easier to trade on platform which has good merits and positive feedback. And i recommend you Monfex just because i've been trading there and can state that it's really reliable platform. Taking my words into account or no - it's only your choice.

With new exchanges we should always be very careful. They have no reputation and it's hard to check the quality of service. Unfortunately many see exchanges as a excellent source of profit and for that reason some of exchanges are funded only to get money out of users on illegal way.
Try to get as much information as you can and do the due dilligence. If you decide to trade start with small amount to test it and try as much features as you can to see how it's working and how is the customer support.
Nevertheless, my recommendation would be to use trusted and reliable exchange with good reviews.

You should analysis that exchange by yourself. Cause now many exchanger do scam. Don't do risk with ur own money.

You better be aware that CFDs are not real bitcoins, that means you could never withdraw, its just a contract between you and the firm.

Better to just trade with real bitcoins

Exchange with less volume is not popular and they aren't because they have poor marketing and maybe weak security, that's why people prefer a big exchange like Binance. The question is, if we are trading on a regular basis, what we really need? of course we need liquidity so we can trade all the time and we can see that liquity in big exchange, therefore we should focus trading in big exchange.

Small exchange is good if we like to experiment or maybe buy some shit coins that we think a hidden gem as it's not available in reputable exchange.

As most senior members on this forum had advised, I will like to remind you that, your action to trade with a new exchange is against the ethics of cryptocurrency and against the community you belong as issues of scams have been reported severally on this platform. Any new exchange that has no positive feedbacks or trust ate not to be trusted and not advisable to use.

If it is me, I will not trade. I do not trust to send my money to new exchanges, too risky. There are many new exchanges being created, but only a few are successful

I like to try new exchanges, often they have good promotions cause they are new. Good offers always attract more people. Every exchange has something special to offer, fast transactions, trading without kyc, some promotion. I use several exchanges these days, idex market, crex24, vinex and I exchange some currencies in my atomic wallet, they have a nice promotion for that. Depending on the coin I`m focused I use that exchange.

Trade always at the exchange that has already known in the market. Avoid those trading platform that are not known yet like what you are asking for right now. It is still best and good to trade at the top 10 exchange at the coinmarketcap dude. Because it is good to trade with the platform that already proven and tested.

If you have fear from new things in crypto, you will always be late for the fun. Instead of running away from new try how to do a proper research, how to test it with some small amount of money, learning how to do that will help you a lot in future.
In crypto I learned that it`s not smart to follow masses! Do the opposite from what majority is doing and you will be very good. That can be applied on trading, when everyone is buying you sell, when everyone is selling you buy, it`s how some people make money in this fluctuations.

I have a good story with a new exchange.
My friend got 1 Bitcoin from a new exchange, there was an error and one of the coins was pumped up to 600%.
I think monitoring a new exchange for profit is not a mistake.

Know about it and starts with low amounts

If monfex does give that thing to you then its your choice but you cant force anybody to believe on what you do believe yet majority would really prefer the older
and reputable one rather than using up something which they haven't hear off first.

Peoples mind are sometimes too closed into new thing and due to excessive scams on the market it comes to a point that they don't tend to look back or trying to use up
those new things due for that reason.

Before you think of trading with any exchange you should be sure that the exchanges is very much reliable. There are lots of scam exchanges out there and I believe that you're aware of that. And I do see some scammers that would create an exchange and still be the ones to refer someone to that their exchanges, pretending not to the owners but a random trader that has been making use of the site. That's how you will see some of them post about their site on this forum, and they will create lots of newbies account and be commenting under the post to convince other people to fall for their scam.

I am too closed for new things as it is one of my policy to stay safer against scammers. Unless otherwise I do get enough reasons to try a new services, I am just sticking within my existing services which ensures my security at higher levels.

If you want to trade with a reliable exchange you must look and check the latest top exchange at the coinmarketcap.
At least with these platform you can minimize you risk and lessen your doubt about using the reliable platform.

When you're looking for an exchange, you must look for liquidity first, volume and how many coins you can trade. In my opinion these things are key for a successful exchange. The design and other front-end things doesn't matter much.

Not only you mate, no one in their right senses will go for a new exchange without any research because many of these exchanges are scams exchanges if not proven Worthy. Personally am very skeptical about new exchange or new gambling platforms because without any good proves from them to be trustworthy they may end up scam investors or gamblers with their funds. Giving a try in new exchanges to me is suicidal.

Exactly, if we don't want to be at risk or worry and doubt about the service we are using, choosing reliable trading platforms is an appropriate choice, and reliable platforms are always listed very high on coinmarketcap as you said, the volume and a lot of information about them is enough for us to stop worrying. With current new exchanges being discouraged because we should understand that this service is very competitive, the old exchange will try to eliminate their rivals, if we participate in an new exchange, volume will be very low and there is no chance for us to earn money

Usually in new exchanges there are many offers to be able to attract traders to try out the features in their exchanges and there will be lots of bonuses. but indeed as a trader must really choose the exchage in terms of security and good volume to support trading in addition to existing bonuses and events

Not a bad advice and not a bad idea, but I ask you, how do we want the new exchange to grow then? Imagine that you have passion to own an exchange, and then you have tried everything possible to put all the features that would make people’s trade on it a success and then you release it, who will test it or use it or start it to make it begging to expand if we want everyone that comes for exchange to always go for top exchange.

These top exchanges are already big and honestly, they don’t need us again, it is high time that we stop creating monopoly for them on our own and then embrace some of this new exchange that is good. We just have to research and make sure that the exchange is a trust worthy one, that is all, and then we give them a try if we find them worthy.

Good exchanges are the well-known ones not surprisingly, new exchanges have a different view on the trading and crypto markets. IEOs are the central interest connection of the best exchanges, new exchanges can't even compete for choosing the profitable projects. They want to create a tool for trading financial markets but they also fail to the competitor as it was written on hidden rules of any market.

That's normal, but you should evaluate if you can take that bonus and sacrifice for the higher risk.

New exchange is high risk because they haven't proven themselves yet, the trading industry is big, we have a lot of exchanges here, so it's better if we only trade on exchange that we believe it's reputable and we have been using it for several years, also old exchanges have bonuses as well for new sign ups and a good exchange do that to stay in the competition.

I don't think it's right for us to trade on new exchange, because we don't know whether the exchange is safe? and don't easily trust someone through a telegram, they could be scammers. so always be careful every step of the way

Don't just easily get attract with the new exchange, instead make a proper research first before entering to its platform.
There's nothing wrong if you check or investigate it before anything else. But of course, in the end the decision will still be yours
anyway.

I can’t reach the site, so I think that the link is broken. I found it’s a page on LinkedIn – https://www.linkedin.com/company/mavsecure. For me, the link still doesn’t work. Maybe this platform is unavailable in my location.