Bitcoin Forum

Now a days, I have observed that out of ten projects three or four are of new exchanges. At the moment there are so many exchanges available for cryptocurrencies. When we invest in other projects and its token got listed in one of the new exchange, we have to create account with that exchange to trade those tokens.
Do you really think that there is a need of so many exchanges? isn't it very complicated and lengthy to keep accounts in many exchanges?
Please share your views.
  

We have many new projects finding their way into crypto world and we keep seeing new exchanges joining the train as well, the truth is every developers have their own reason for building their projects and i know that building your own exchange this days can make you reach in a short time, for example a project have to meet an exchange's requirement before the exchange decided to launch IEO for the project, all i can say is its all about MONEY, MONEY & MONEY

I believe you're referring to ICOs IEOs or STOs, since the coins are not yet listed at the point of investing.
This is largely an unregulated field, and while more exchanges may not be required, the developers are not targeting any particular problem to solve, rather they are mostly looking for a way to profit from the market.

Stick to the reputable exchanges (centralized or DEXes).
Do not submit your personal information to just any website.

The problem is that we have thousands of different cryptocurrencies and some of the less known altcoins are being traded only in one or two obscure exchanges. So in case a bounty hunter or an airdrop recipient wants to encash his reward, then he needs to register to these exchanges. They have no other choice, as the bigger exchanges will never allow these shitcoins in their platform.

Just while the cryptocurrency industry is only at the development stage, everyone is trying to occupy a niche in this world. Since the tokens of projects that are published in the last few years are almost never used, they roll to 0 at their cost. And since the IEO industry is now, there is a chance to create an exchange and sell tokens of other projects there. This is just an opportunity to win money for the creators since the sale of tokens is made for tokens of the exchange project. So far we need to go with the flow and take money wherever they give, but from time to time everything will stabilize and I think that 99 percent of exchanges will close and only the top ones will remain!

We need so many exchange sites dude. This must be the main concern to consider the regulation of any countries are different and we need a lot of exchange site to comply with the regulation from these countries.
But you should give a marker if we need so many trusted exchange sites.
A few exchange sites are not enough to handle millions of people who trade every day. It's not so complicated as long as you can manage all of your accounts.

I would be happy with Binance, Huobi, Kucoin, Gate and several decentralised exchanges, where I can safely exchange my crypto. I cannot get such a variety of exchanges and to be honest, I am using only 4-5 exchanges in general.

Even if there's a limitless amount of exchanges created it isn't going to be a problem you just need to choose the right one for you. I've been using only 2-3 exchange ever since I was new in crypto and there's nothing wrong at all. That many of exchanges could be good for the competition and the users. If you are asking it is really required? the answer is a "no" but is it wrong? definitely not.

It is not something difficult. Sometimes, the coin might not be listed on your desired exchange, but you can choose the best out of all, but do not leave your find on any of them, just trade and withdraw in order to be on a safer side, particularly if you do not trust the exchange.

We have too many coins in crypto space and its really a big problem, i think having too many exchanges is worsening the whole thing because if we have limited exchanges scam projects or weak projects will find it very hard to list on big exchanges, new exchangez are popping up to list all these useless projects and those who earned their tokens will have no choice but to use new exchangez just to get rid of the tokens

Yes you are very right and i have similar experience and i do think that their needs to be some limit and new ones should be stopped the only positive aspect about all these new exchanges coming up is that the newer coins or tokens get a chance to list and trade and secondly the competition in this niche increases so i think this is healthy competition and only the best exchanges will be able to survive.

There is no limit to it though, its just that anyone who can organize a team can build and exchange and list some tokens. You wouldn't wanna trust all of them with all your KYC documents. However if you really need to dump the coins you got, you just have to do it to the only exchange that listed your token. Its not like you are left with no choice but when time is running out, you got to do it.  ;D

There are several exchange that we only trust just like Binance which is the currently exchange that I have use. Even I see a lot of new exchange I still stick to the exchange that has good reputation and have good security. I also have account in some popular exchange like Bittrex and Latoken. But, right now most of my trade are in Binance.

To say the truth we shouldn't have more than 10 good exchanges in crypto space, there will be more focus on exchanges that have watch trades and fake volumes but now that we have too many exchanges things are getting more complicated and now new exchanges are joining the IEO Race, i think we are seeing more exchanges this year mainly because of how much they will make from IEO projects

at this time if we look at crypto monitoring sites like cmc, coingecko and others I think we don't need any more exchanges because many exchanges don't have volume and also some exchanges are indicated to have fake volume that is needed right now is actually a reduction or maybe a limitation on the exchange because I already hate seeing ambitious project exchange but don't have a good plan, it makes the crypto industry like a game.

You have shared a very important opinion and of course "everybody" has seen it too. This is actually making the crypto space monotonous where almost every project is now having the same kind of goal, value and purpose. They now focus on either gambling/gaming or exchange.

This was also what the ICO projects were doing, I hope these projects succeed.

I think we should ask this question how many DEX we need! Although it is open to a large number of CEX trading, we do not have any DEX at all. (Except for a single coin-based project like Etherdelta, of course.)
I can't trade with all cryptocurrencies in a DEX, for example. Someone should provide it.

Existence of several exchanges is definitely in favor of customers. Exchanges competition with each other causes them to decrease the fees, make transactions faster and generally build a better exchange. Large number of exchanges makes the market competitive and it is 100% in favor of customers. New exchanges always try to provide new opportunities to attract more customers.
There is no need to have account on many of exchanges unless you deal with many shitcoins and need one exchange for each of your shitcoins. You can choose one or two exchanges and work with them and whenever you find a better exchange you can move to that.

I think that's good...
It seems that is the solution in making the project trip a success. On the other hand, this is one of the goals to build their exchange.

Yes, I also think there are currently too many crypto exchanges. there are even many exchanges that do not have a trading volume. We should only need a few exchanges. this might help make crypto develop faster. with this very large marketcap, if divided into several exchanges. this can be a new power.


but unfortunately there are many greedy people who want to get money. they made an exchange project. and see what happens now.

You are right, majority are exchanges thus making it difficult for one to keep track of his accounts not forgetting the fact that some might request for KYC. Also, you will notice that most of these new exchanges do not last, because once you sell a token which is newly listed there, you might not visit the exchange again till further notice, now imagine how many people doing same. The funny thing is, even after selling we still take the funds to major exchanges for trading as the case maybe. Therefore most of these new exchanges we need to be careful of them because it's evident they can't compete with the likes of Binance, Okex etc.

Having multiple exchanges is good, it drives the innovation by forcing competition, in the end only the exchanges who  offer the best features and customer service, as well as remaining compliant, will be the victor.
This is a new sector within finance so the sector is constantly evolving, I believe we're still in the infancy stages of crypto-currency innovation, just imagine what 10 years from now will look, chances are there will be a new Blockchain that's better than All the current ones out now, or being developed.

These days it has reduced unlike before where you lose count when try to take statistics of them ! It’s just a pointer to the fact that there are many selfish people in this space who cares only about the money !

We already have enough what possibly can they offer which will challenge status quo? I see it that they are here for their pockets and nothing more. Last year many swept throughout this space claiming one thing or the other but today, they are no where to be found. Top exchanges keeps advancing so as to remain relevant and new ones are coming up, how possibly can they compete? Let's not be driven by unnecessary anticipated features they are claiming to offer and focus on reality, which is, we have enough exchanges already.

Each project coming with their own exchange is analogous to each business having their own stock exchange with that not create confusion for market operators , I think they are way too many exchanges in the crypto-currency space. It is needless having tis number of exchanges for the trading of tokens

In my own opinion, we don't need more, to be frank am tired of registering with many exchanges. Talking about new exchanges, the upcoming ones, what new things are they offering? The features they are bringing to this space how is it different from the ones we are used to? Many have came up with various ideas on how they will beat most exchanges but are now worthless. However, if it's in the case of decentralized exchanges, then we need it; we need DEX which can be fast, user-friendly etc so it can challenge most centralized exchanges.

It's time we begin to ask exactly what is the essence of each project coming with their own brand of exchange
 Can't these tokens be traded on other people's exchanges. Are they sone bottlenecks and constraints militating against the listing of new projects in already existing exchanges that these new guys are trying to avoid and until these pertinent questions are answered we will continue to see multiplicity of exchange

Wouldn't you want a lot to help diversify funds? Just like banks?

I already stopped registering to new exchanges a long time ago. I only have account to exchanges that I really need to use like if the tokens that I need to sell can be found only in specific exchanges. Because most exchanges are requiring to complete KYC requirements, you don't know which of them are operating legit or not. And you'll never know where your private data will end up with with all these requirements from them. Better stick to known legit exchanges.

I don't think we need more, that strength and courage should be channelled into developing unique projects which will help the course of crypto in general. But most times I don't blame these new exchanges because when you check what it takes to list on most top exchanges, it is really discouraging; but if these new exchanges will really stick to their ideas it will help a lot, but the issue is most don't even last, thus my first statement. To answer your question, there is no specific number, we only need trustworthy and reliable ones.

That's a good observation, many new projects are exchanges and it doesn't really make much sense since most, if not all, are not up to the standard of existing exchanges. We do not really need too many exchanges, we need few exchanges with required features for a seamless experience, especially top notch security and low fees.

Every day crypto projects keep popping up and new Exchange keeps popping up. It does look very complicated if you see an increasing number of exchanges. every exchange that is developed has its own advantages, starting from the features, transaction fees and possible listings that are needed to be registered on the exchange.

I myself only have exchanges that have a large volume of trading and are already trusted, in each country having their own local exchange that is used to attract FIAT in the eyes of their country. For other exchanges depending on the coins that I have, because as a bounty hunter must register at every exchange that is used to list the coins that I have.

There's a need for competition to avail the best exchange which we deserve as traders and customers of them. But I don't think that we need a bunch of them competing with each other.
It's already too much if from time to time there's always a new exchange that comes out and tells that they can be the best exchange in the world.

I don't really believe in numbers but quality. More and more clueless exchange projects keep sprouting and adding up to existing exchanges without any revamped changes. I think we should patronize only exchanges with all-in-one required features which gives traders reasons to trade on them.

The purpose why a project continues to aim to get listed in different exchanges is to increase their liquidity and awareness to the people.
Look at the most successful projects in the market, ETH is a good example in altcoins department which is popular across the world.

As of today, it is listed in 400 exchanges, you can view it here https://coinmarketcap.com/currencies/ethereum/#markets
With that big number of exchanges, even it will be delisted in some exchanges, it will still continue to be traded in other exchanges, and mind you that those exchanges are operating in different countries, that's where the awareness will grow.

Agree. Bounty implementation projects are often shit projects and they cannot be listed at large exchanges. And bounty hunters have no other way than to register and use shit exchanges

Most new exchanges have low volume. Those exchanges are not good for trading. If you have no idea about any ICO project listing, don't invest them. That's why your own research is important. Because there are so many ICO projects, but they are listing on low volume exchange and they are not giving a profit to the investors. You can go with IEOs from top exchanges. If you are going to invest in coins, you can go with the top coins on top exchanges.

The reason some shit exchanges like Yoshit exchange exist is because of the bounty hunters. They go for every new token being posted here and do their bounties not even thinking twice that it is going to end the same way as every other shitcoin bounty. Then they go for exchanges their tokens there because the project cannot spend 4 BTC or more to get listed on big ones like Binance.

This system is basically running for several years now. Bounty does generate some marketing but at the cost of quality and trust.

This space is already saturated with many exchanges even the ones we don't know, and funny enough many are already promoting IEOs; made research few weeks ago, I was surprised on the new exchanges promoting one IEO or the other, one exchange is promoting more than 2 at a go. So from this, I can't be mistaken for saying that these exchanges only cares about Money, thereby not putting in place features which can make them last long. Binance as big as it is, keeps upgrading, that's to show the level of seriousness within it. We don't need more exchanges, let the ones existing improve no matter how small they think they are, and you will see people trading there.

the project exchanger is the most profitable project, even for the founder of the project, because it is a definite advantage as long as they run it well. for now, there are many exchanger projects who want to compete, or beat the current popular position of exchangers. in addition, there are also some old exchangers who do not survive the harsh competition. such projects will always be there by offering their latest innovations, and exchanger who cannot survive, will stop and be replaced with new exchangers. therefore, there will always be a project exchanger.

In my opinion, if you are a trader, why you generate an account on hundreds of exchange. Mainly, you only exchange coins that have a 100 top rank in CMC. You should only to register an account on ten large exchanges, and that's too much. Of course, you should be ready to have an account on many exchanges if you a bounty participant. Because bounty tokens are usually listed on an exchange that is sound strange to our ears.

more exchange for me is good for our cryptocurrency. The circulation of coin/token on exchange won't centered on 1 exchange only, that mean we can avoid a dump or manipulation of any single exchange.

Of course, it would be nice if there weren’t so many cryptocurrency exchanges, because you really need to register on so many cryptocurrency exchanges in order to sell or buy some tokens that interest you, also if there were only a few cryptocurrency exchanges, then the volume of trade would be very huge on these exchanges and that would be good for us, and unfortunately there are a lot of cryptocurrency exchanges where is zero trading volume and cryptocurrency trading indicators are fake.

Many exchanges is really nice because it means that cryptocurrency are become popular so many people create exchanges.
The good with is also we can choose best exchanges for us like Binance the no. 1 exchange now but Im still trading in different exchanges because better to use several exchanges not just only 1 need to use atleast minimum of 3 exchanges.

It's really good for the market last year we have seen so many exchanged based ICO many of them reached their soft cap, in the coming years we will see a high level of competition between these exchanges, it's a multi-million dollar industry they know it, they will be completing with how good their securities are, features that they can offer to their members, let's see if any of these new exchanges can challenge Binance.

I think that having lots of exchanges will make a lot of competition with lower fees, but there will be lots of crypto exchanges that I need, when altcoin is registered on a new exchange, I can't stand still and will create a new account and start trading on a new exchange.
if you choose to exchange only to fiat crypto, it only requires 2 exchanges, when trading on registered coins and win popular altcoins like BTC with Fiat

I think we don't need to register on many exchanges, especially in the new exchange because we don't know how good that exchange to serve their members. All we need is to register on the recommended exchange, which can help us to gain the benefits from trading, and we only need to make a profit. If we are registered in many exchanges, but we cannot make any profit then it's no use, and it's better to stick to one or two or three exchanges, and we are focus to our trading.

Maybe other people think that if they can register on many exchanges and they have each token from each project, they can make a profit, then they can do that. We cannot prohibit them from doing that because they will do what they want. We could only suggest them to be careful in the new exchange which we don't know its reputations.

You could use a password manager to manage your accounts on the exchanges. We can't stop people from creating new cryptocurrency exchanges to satisfy our dislike for too many exchanges. You should be careful with new exchanges though. Most could be scam

Usually the daily traders register the most exchange accounts, because they need analysis from all exchanges, making it an opportunity to make a profit, and clearly different from bounty hunters who only use exchanges to sell coins obtained from the bounty program, after that they no longer use it.

Innovation? I don't see new innovations in these new exchanges, they are mostly same as previous exchanges. In fact, I suspect that these new exchanges will be seeds of scammers in future, where they will use IEO to scammed investors.

It's not that I disagree with this new exchange, but just look at too many of same useless exchanges. I myself support new exchanges but at least they have a good reputation from several big partners, usually exchanges like this will have pretty good support in future.

If you look at those different exchanges you will see that each of them differ in functionality and usability. Now different users have different needs when using an exchange. Again there are thousands of crypto users out there. A single or few exchanges can never fulfill the need of the expanding user base. So we actually do need a good  number of exchanges. Shit exchanges will eventually be abandoned.  You don't have to worry about that.

Yes, same as your words. But there is no prohibition on creating a new exchange platform, they are free to innovate, the rest is how they hook the community. Competition is a good thing, but we must remain vigilant.

For a normal trader, trading on several exchanges is not necessary enough to have an account on too many exchanges. I personally think that there are still many new exchanges because the crypto market is still in its infancy and there are many possibilities for expansion, but Nhung is sure that most of the exchanges will not last long.

Everyone wants to make money in this market. As a hunter, I see that most of the projects are related to the release of new exchanges. In my opinion, so many projects are not needed. They create not only unnecessary fuss, but many newcomers fall into deceivers. I will say so that today I am not good at new exchanges. There are almost no trades on them only bots.

I basically do not participate in projects where there are exchangers or trading platforms. My experience has shown that this is not profitable, I have not earned anything on promotion.

Its because of the hype of exchanges token thats why so many entrepreneurs out there wants to create their own exchange token. And the trading fees and listing fees earned by an exchange is so huge. But as far as I can see, the new exchanges have no real volume and they only do wash-trading in order to get some traders.

More than exchange needs KYC..
It posibble that will be scam..

An  exchange the name of https://escrow.counos.com/
 will start the work soon that they can solve all of problems

For me as long as people want to use any exchange I think it's not really an issue because most the exchange now are use their native tokens purposely to attract investors and traders because once the exchange is much cheaper in terms of the fee I think it will click to the people but it depends on the marketing strategies of the exchange but most of the time we always look to the volumes but some exchange has a market maker so it can create a fake volume.

Now the biggest problem of exchanges that we know is overstating and providing incorrect data in order to attract as many people as possible to their exchange. I don't know exchanges which can be trusted because they are all pursuing their interests

I want to believe that, no new exchange will just begin without passing through some essential scrutiny by the boards of exchange manger. We may need more exchange to allow improvement in the available one, because in the process of creating more exchanges the competition makes other know that their is rival and alternative.it could also help the economy.

It will grow tremendously because new coins never stops coming in to the market.
Developers will always consider the need of a new exchange and needs to stop the reign of the old exchanges.
But I want to stay with the trusted and proven exchanges.

A large part of the cryptocurrency sphere is not regulated and so people launch as many as possible to enrich themselves and in cases where they need an operational licence, they can get it from Malta or Estonia ;) but I am certain that without SEC licence or approval, they can't operate in the US. Sec is the reason why Bittrex and Binance stopped exchange services for US Citizens to float a detached more complaint exchange to serve the US market

We have already over 500 (maybe much more...) exchanges in market. I don't think we need new ones. I think we need just good ones. More quality, more volume, more gain...

The crypto market is getting bigger every day, so, to maintain a balanced ecosystem, we need hundreds of good exchange. But we have thousands of shit exchange, and the crypto market has lack if even 50 real volume exchanges, which is a sad part. I think we need more exchange with real volume and we need to move out exchanges like Latoken, Idax, Exmarkets, P2PB2B, and so many fake volume exchanges.

Not too many exchanges is required, five is enough but daily we keep seeing new exchanges erupt without liquidity projects being listed on these exchanges have their prices always low because of lack of liquidity.

More the number of exchanges, more is the the number of problems associated with people using them. Because the market is not regulated we dont have single exchanges for all types of crypto exchange but many. Some prey on the shitcoins that people promote to get paid while others prey on margin trading promoting shills on youtube and other shady stuff.

Stop hunting bounties and these exchanges would shut down on their own. They run simply because every new token that get released needs to be listed and the team owners look for the cheapest exchange with the lowest listing fee they can locate. Who likes to pay more than 10BTC to get listed on Binance - go for yoshit! Sad reality.

Exchanges are needed to not give the monopole to only a few exchanges. But how many do exchanges do we need? I don't really know.
If thoses exchanges are not needed, they are going to disappear by themselves. Time will tell us which exchanges are going to survive or not.

I think we need a maximum of 4-5 exchanges in the future. now all exchanges are being finalized with technology and therefore it cannot be said which exchange will be unique

I guess we don't need a new exchange we have a lot of exchanges that exist now. These new team creating some exchange they just wanted easy money.
For me, the top 10 exchanges are enough. But be smart only try and use trusted exchanges like everybody like is binance. There is some news about hacks about them but they got it covered immediately.

More exchanges we have, better service we receive and people will decide which they will use.
If we do not have enough exchanges, so we would have expensive fees, slow withdrawals and so on.

how many are necessary?
if there would be a decentralized exchange that offers all pairings and maybe even has a fiat gateway, that would be sufficient.
but since there is no such thing and an exchange is a good business, there are more and more providers instead of fewer. :D

   We will never see such exchange with all coins/ tokens listed. Like you I believe there will be more and more exchanges, as we
have more coins and tokens.
   Is there some list of all crypto-exchanges? I would like to know how many crypto-exchanges we have, how many are centralized
and how many decentralized? And with other info about exchanges?

more exchanges in turn mean more decentralization, i believe its actually a good thing but a trader needs to be careful of storing funds on new exchanges as they might turn out to be scam.

Creating own cryptocurrency exchange is a highly profitable business, this is the reason why we see boom in the growing number of cypto exchanges.

how it can now be a profitable business if most exchanges are now suffering from such a weak market. there are practically no trades on most exchanges and the whole market was captured by giants

It's possible that in the future every country will have their own exchange, exchange is a huge business and every company wants a slice of the market, for me it's not tright that 10 excahanges will control the whole market, the more exchanges the more volume and they are going to satisfy investors to meet their standard.

Generally i use 4 exchange at this time for holding, and trading cryptocurrency here (binance kucoin hitbtc and gate) more secority platform. But gate is different 2nd FA verification system that's means good secority but my mind always want follow binance with new IEO.

It's not that we dont need many. But there should be a systematic approach on many exchanges. Should have a regulation that permits exchange to operate and gain some necessary license for them to operate so people can trade there without any fear of being scam or nervous that their fund will be gone due to unknown market platform runaway, or steal the funds of the traders.

There is no limit how many exchanges account you want. The problem is securing them all properly to avoid hacking. Imagine having 10 or even more accounts, each one of them you will need to activate their 2fa and keep their private keys in a safe place. Another factor is most of the new exchanges nowadays requires kyc first to withdraw. I am not willing to give my private info to a newly open website. You don't know if they are gonna sell it in the black market or not.

not much, only some crypto exchange is good, like binance, huobi (https://bitcoinbd.org/san-huobi-thong-tin-dang-ky-cach-giao-dich/), bittrex

Many believe that running a cryptocurrency is pretty good business. So that could be the reason why new exchanges just keep popping up.

This is creating a competitive environment among the exchanges hence we are getting fairly good dividends or exchange rate.

I have never kept tokens or coins on the exchange for a long time because it is very risky, I use exchanges as needed. I mean as a transaction tool and nothing more than that. on the one hand I am comfortable using the Binance and KuCoin exchanges. only 2 exchanges that I use as needed

thats the problem that we face right now  . why can they just list all the coins in one exchange ? if its posible ? wouldnt it be better to save time searching and to save fees as well from trading on different exchnage sites  but trading exchange are like a business  they want to make a different exchange so that they can earn just like on a normal business that we see  . cant you notice there are not only one store ? there are not only one banks ? etc... thats what you  call a business .

There are many accounts required on the exchange. One coin is traded on different exchanges, so you need an account. Different exchanges. Specifically, it is difficult to specify for Hunter. All exchanges must have this account. However, a small transaction is allowed for Hunter's. This is good for Hunter.

actually all we need is a few exchanges like, 1 DEX for each DApps Platform and some CEX to exchange crypto to Fiat.

but unfortunately many people who want to benefit from this industry, eventually many exchanges that are not worth releasing. the effect is that many altcoins don't have a trading volume because of the listings there.

Everyone will not like all the 10 exchanges because they have their own issues with the exchanges and that's why we need more exchanges. Based on the demand we might see different exchanges will launch in different countries because every coin will not pay higher fees for listing the coin in higher volume exchanges.

We have no choice but to sign up to these exchanges because if not we cannot trade coins that we are holding, as long as the exchange is and the security is ok you can open to that exchanges, we have a growing community and industry and exchanges are an integral part of this industry expect more exchanges to come to this community.

Well I think those crypto exchanges are really required which provides best services to their users it does not matter if these are small or big exchanges crypto community wants trustable platforms where they can trade easily without any kind of issues. Afterall we all know that some big exchanges are providing good services and benefits only for their big traders so this is the plus point for small exchanges to give their best services and benefits to its traders equally even they are small or big trader it does not matter, and this what make these exchanges big in future.

It's complicated and inconvenient, but sometimes to fix profit or cut the losses you need to sell your sh*coinsbags on those exchanges.

The crypto space is large enough accommodate more exchange. Daily new project are been created to join the market race. Having a few particular number of top exchange will never be enough. Remember not all project can list their token on binance, idex, kucoin, bittrex due to their cost rate for listing

Just try to stick only to reputable exchanges. Most projects require new exchanges because the top exchanges won’t allow them to enter the market mainly because they are shitcoins, that is the reason why I don’t invest in exchanges other the top ones.

the only reason I use small exchanges is for the selling my coins that I earned in the bounty campaign. as a rule, such coins do not immediately go to large exchanges

IF you are a good trader or investor, 3-4 exchanges are good enough to have for you to safely monitor the coins/tokens you have.
If you are like me who deal with bounty campaigns then we are dealing with unlimited exchanges, coz we just create account with those exchanges.
Which our project team dealing with, yeah, we dont have any control if the token we have from payment will be listed in new exchange then we have no choice but go there.

I am a bounty hunter and i dont really know how many accounts i have in different exchanges but i will put some names on this:

Forkdelta
Etherdelta
IDEX
IDAX
KUCOIN
HITBTC
VINDAX
BITTREX
BINANCE
OKEX
HOUBI
COINEXCHANGE
STEX.EXCHANGE
MERCATOX
LATOKEN
RIGHTBTC
KRYPTONO

and a few more...

I feel you and i have the same situation like you, it is true that you cannot stop doing accounts on new excahnges because we are bounty hunters.
We depend on the team of the project where the token will be listed and we will follow them there and create account.

I have accounts on those excahnge and i will add more.

Cointiger
coinex
digifinex
coineal
coinbene
hotbit
p2pb2b

we can't avoid using same email and password in different exchanges and for more security, we should always have  2-factor.

I do not understand that almost all crypto exchanges are profitable and more and more exchanges are being created to participate in this earning activity.

In the free market economy, there is no interference or unwillingness.
The proliferation of exchanges is essential both for adaptation and for the expansion of cryptocurrencies. Because cryptocurrencies are not limited to a single country and are not limited to a single geography.
Each country must have at least 3-4 different exchanges for a competition to take place. Which of these you choose is still up to you.

Choose the Exchange with Altcoin that you need to trade with large trading volumes, fast and efficient in withdarw and deposit. In my opinion, just select about 5 Exchange for your transactions!
More info: https://coinmarketcap.com/

Usually, we need only one exchange that will have all of the cryptocurrency. But with many people, especially for people who have big funds, they see that creating the exchange will give another money, so they raise to build many exchanges in out there. So we can see now, many exchanges available and ready to be used and you are free to choose which exchanges that will suit your need. You don't have to register on more than 5 exchanges if you cannot manage each exchange. You could only have 2 or 3 exchange so you can maintain all of your assets.

I don't know how you earn through your activity because without investment it is impossible to earn through this exchange. People who are very good at trading will always make a very good profit through trading on the above-mentioned exchanges. In the same way, there are many fake exchanges launching on a daily basis, which we need to be very careful with the exchanges.

I believe this is a just a way of getting more and more money out of the people. This field is mostly on the go and remains unregulated, and the developers don’t care to solve this problem of complication instead make it more and more complicated. Just be careful before submitting any of your information.

It´s a free maket, anyboy could open a company, even an exchange, be good at it, and make a profittable company, and a excellent company is totally different.
Why we should have more?
Because we should no trust exchange at all, just: deposit, trade, withdraw, fast as the flash.

It is clear from the viewpoint of bounty hunters to dump the bounty rewards in the small exchanges but they don't care about the future plans of the project which they are responsible to promote this project as a bounty hunter. Wating for the listing on the big exchanges, so I don't think we have a right to blame the bounty hunters for their quick selling decision. If they ever had a another choice, at least half of these bounty hunters should go for that selection.

Last year there were so many ICO with the exchange as their platform in the tradition of Kucoin and Binance but out of ten I've seen none of them gets the attention that the top exchanges are enjoying, sure some of them are funded but until now all they can update investors are they are testing their platform.
We need exchanges more of it for adoption but unless these new exchange can give something better than the top exchanges has been giving they will be left out in the competition.

To have so many accounts at the same time is such a pain the ass indeed, we need to remember each account's details and credentials but there's no other way than that. All these exchanges exist to give all those project some space to compete and there's definitely nothing wrong with that. Many of them are also decentralized exchange which known as the starting point of many ethereum based project which just at the early stage on making their token goes public.
If i'm asked are those many exchanges is really a necessity? I'd say it is, because too few exchange will lead on the exchange themselves taking advantages of their dominance and charging ridiculous amount of fee for just listing

I dont know either why there are many exchange projects in crypto, but we should not using too many exchanges.
For me, i just enough to using 3 or 4 exchanges for arbitrage trading. More exchanges won't make more volume on the crypto market, only spread the volume.

You are hunting those new tokens everywhere that's the reason why you are creating accounts in every exchange, but for someone who doesn't care that much about those shitcoins he only stick to the reputable exchanges as there is no need to risk money on those new exchanges that can steal your money or not allowing to get your asset out. I personally like the quality over quantity, however it wouldn't hurt having large of exchange to choose from as in Forex market.

To change my currencies I do not complicate my life, I have only three exchanges for that and I use my desk wallets to store my coins, the exchange I use most is Tradesatoshi for having a low limit to operate and many shitcoin, in addition to strong currencies.  8)  ;)

Yeah , there a lots of exchange available. And the problem is that when we invest in a project most of them are go to a new exchange. There is a reason for that. Cause most of the big exchange have a very big amount of listing fees. And they pick only trusted and good projects. At this point we don't need many exchanges but at some point its needed also.

Depends on your strategy either you use one or not fpr you trading works, meaning the crypto currency is continue to progress because they more exchange competitors they more choices. But take care choosing excha ge to avpid harm and scam just learn it well specially the new newly exchnage.

Lets resume like this : More coins are launching every month so they cannot be listed on top exchanges for 2 main reasons :
1. They don't have the money to pay for listing
2. Even if they have the money for listing, most of the top exchanges won't list them anyway.

This leads to the next step for both new coins and new exchanges :
1. New coins are looking for new exchanges in order to make a deal
2. New exchanges are looking for traffic , new traders, volume and new coins.
All of this cause new demands for new exchanges and lets not forget that we're currently experience increasing volume on decentralized exchanges.

Crypto industry is growing fast and new projects and exchanges are coming every day, when you check CMC you will see different projects are listed in different exchanges,this is the reasons way we need to create new account in different exchanges,So create account in different exchange is not compulsory, crate your account as per your requirements.

Of course, there is no sense in such a large numbers of exchanges. Now there is a competition for leadership in this market, so such a large number of exchanges are created. I think that over time they will become much less.

I stick to what I know. You only really need to use exchanges that cover the coins you trade and earn if you do the bounty. New IEO will force you to signup but then you will have it on trade at that exchange which is a good thing. There is really no reason to change exchanges once you find the ones that work for you. I can only think of better trading rates. I myself am a bit scared to change exchanges and will rather pay higher rates with an exchange that I have been using for a long time then risk losing my deposit with a new exchange, though I do think new exchanges do deserve  chance I just approach them with a lower volume then normal to test the waters and their withdraw system.

Currently there are too many exchanges, on the top of the CMC appeared new exchanges with very large trading volumes, The problem is that the trading volume is mostly fake. The more new exchanges, the more fake volumes, this is a challenge for newbies to choose.

%90 of the exchanges in the market should not even exist. They show fake volume, fake users, fake orders and most of them are using bots. Nobody uses them. The biggest ones should remain so more people can use them and it would create bigger volumes for the community.

Yes, we only need around 5 Exchanges for worldwide and 1 exchange for every country to limit the spread.
Just if we can remove an existing and unuseable exchange and create a new one with a new model or improvement of our current exchange. That would be nice.
we need a new exchange, but the prerequisite is they are giving us improvement and replacing an old one.
There are so many exchanges out there, but not all of them are improving their system for months.

Two exchangers with good volume is enough in market to trade most of the developments coins but now in market we see many crypto ex changers with very less volume

We don't even need any exchanges at all. FIAT on-ramps sure, because it makes it easy to move money into the crypto market.

All these centralized exchanges are toxic for the crypto sphere as it puts a lot of people at risk. We've seen so many exchanges exit-scamming, getting hacked, delisting assets left and right.

There is no doubt in my mind that decentralized exchanges will take over at some point, once the crypto community get's tired of all of this. Blocknet's DEX solution works excellent, and was the first working DEX on the market. Once the crypto community matures, and realizes how important security is, I'm sure more and more people will trade this way.

We dont need too much crypto exchange for trading, just 1 or 2 exchanges is ok for me.
The problem is not about how many but how good is the exchange.
if we using good exchange, we will be able to trading with real volume and not wash trading / fake volume.

We create many crypto exchanges because there are many crypto-currencies. Though it is very complicated to create many exchanges, but we need to create because of trading our token. Few exchanges which are very secure and well-known such as- kucoin, binance, hitbtc, kraken, houbi, whitebit etc.

It's because exchanges project has a high chance to success and fast to develop. Once the exchanges open and run, you can see the progress directly. Also exchange project is a huge prospect and good profit too. I still remember Kucoin, only took some months-1 year and kucoin is big right now.

from all exchanges, I see only Kraken having promising development because this exchange has never been hacked and its policy is very long-term

Many exchanges are necessary for exchanges to reduce price manipulation, but many exchanges must have the fact that they have good liquidity, are trusted by many investors, restricting spam exchanges and have no high liquidity.

We already have more than enough exchange. But its a business everyone want to enter. And exchengew made a good amount of profit . and in other prospective most of the big exchanges have big amount of listing fees. So its not possible for every project to reach there.

Not so much in general, but such a big amount is good for arbitrage opportunities. Anyway for trading and holding purposes, 4-5 exchanges are the best choice, because a bigger variety can cause big problems.

We are most likely to move into a higher level of competition, only we could see it because of the numbers of exchanges existing nowadays.
I know it is limitless, but what people's are looking for is to have funds safeguard which many of them couldn't provide it. That is why many of them are dead already and only those reputed one will only survive from a stiff competition

Well, in a bear market like the one we observe right now, maybe a new exchange isn't needed, but the old crypto people remember the old days, when the number of top crypto exchanges and even the capacity of different blockchains were not enough to cover the huge wave of new customers and members. I remember very well how top crypto exchanges closed their sign up for a while because their performance severely degraded by the number of visits.

If those days ever come back, having more and more exchanges ain't gonna hurt.  :)

This is just my opinion okay, for me we don't need any cryptocurrency trading platform anymore. There are too much of it right now and having another is just a problem for a new trader. One big exchanger is better if it can happen why not right. For sure there will be so many token in the crypto field would rise up the value. Just think about having one exchanger. Scam exchanges will also be avoided.

diversity is good for reducing your risk at your investments. It is also same in terms of exchanges. With more exchanges you can divide your budget and so distribute your risk.
It does not mean deposit your money to shit exchanges, without any volume, without real address. There are many scam projects at crypto and also there are many scam exchanges at crypto.
Also do not trust the volume of known exchanges. Most of them using wash trade. There was a report previous week, wash trade of Huobi was around more than 60% and Okex was 90%.
And Okex CEO announced that they can show that they have more than 10% real volume 😊
For diversity I think 4 exchanges is OK.
Binance, bitfinex, coinbase and you can use the 4th one 😊

my opinion is the following, if crypto will develop at the same pace as the last decade, then there should be many exchanges and exchanges, look at fiat money — how many banks exist in the world?

Such a great number of exchanges irritates me actually. There was a time when every second project and bounty I participated was about creating their own new exchange. And of course majority of them completely failed. Enough.

I am using only 2 of them. But there should be about 50, maybe 100 in order to provide the best quality and support to people. We are all from different countries and some exchanges are easier for asians, indians, americans etc. The only think I would recomment is just close all the exchanges faking volumes. People can not buy or sell there because of bots.

It definitley not needed, new exchnages are much cheaper to list in this is why new projects chose them. But we know the drawbacks of this situation, the tokens on low liquidity exchnages are trashed and very fast lose their value, often to 99%. I am amazed how many new exchnages are getting made in this market.

Dont be amazed, its normal. We have a good supply demand ratio here. There are projects, or so shit-projects that want to list their token because of public demands and so their go for the least viable option using the least possible fees because they want their token to get some publicicty before they run away with their shares sold off - right? ;D

Again there are bounty hunters who are brain dead shills ready to dump their "million dollar" value tokens = pure shit. So they sign up and load their wallets there. End of the day the selling pressure is so huge that nobody buys the coins and the bounty hunters keep on crying while the advisors and devs quietly sell of their coins to other sources and exit the scene.

This cycle continues with every new shitcoin and the idiots never learn their lesson. ;D

Definitely, there should be several crypto exchanges for healthy competition, but there should also not be too many, because in this case only the top exchanges will function normally,
and the average range of exchanges will probably have liquidity problems (I think you all encountered manual transaction processing - this means the exchange has a liquidity problem).

There are many cryptocurrency exchanges out there, but not all them are trustworthy. I've currently using Binace, huobi , Okex and Kucoin

Hello,

IMO we just need 1-2 Exchanges out there but since Crypto is completely new and pretty much unregulated everywhere we have daily new Exchanges on the Market. Everybody who can hire Dev. can make an Exchange nowadays. It would be good if something changes as this is are the perfect conditions for scammers. They have no problems to get listed their scam as we have tons of exchanges. I use just 3 Echanges which is pretty enough and 1 of those 3 is my main exchange where I trade daily. I would never sign up on a new exchange that is too dangerous IMO.

I know it was confusing why there are a lot of crypto exchanges created nowadays. Though it is good since we have a lot of options, what it makes difficult is that some of them never show its capability but rather to see them dying up. It is quite to see how the competition getting stronger and stronger every day making them out and only those old and big market players will surely standstill.  

The most common thing why there are more projects about exchangers than other concepts is because projects with the concept of exchangers are the most profitable concepts. although there are so many exchanges, but not all can survive. we know how many exchangers have been closed until now, even including the popular exchanger.

however, projects with the exchanger concept will continue to emerge to defeat the exchanger that already exists today. they make a concept with excellence that does not exist in other exchangers.

in the future, not the old players will remain, but those exchanges which will be able to implement their plans. if they are really useful for users and do not think only about their own benefit

Exchange plans - profit. Not the exchanges that will earn the most profit will survive in the future, but those that will continue to provide their customers with maximum opportunities in the crypto market.
This is the key to the success of the exchange and its continued existence. Look at the success of Bitmex, the exchange provides a huge number of trading opportunities, including marginal ones.
Everyone decides to use it or not, but the main thing is that there are many opportunities. All major exchanges strive to develop in this direction.

The more crypto exchanges give an opportunity to the crypto traders to choosing the best ones thanks to the choice of freedom. The profit-seekers are not going to develop their exchange but the well-known exchanges will start to develop their attitude towards the crypto ecosystem. The profit will come later right after the traders will discuss their experience on social media.

it depends on the market where the tokens / coins you buy will be listed, except if only a few exchanges of course it will be easy and we also know that there are lots of exchanges and it cannot be dammed.
but yes not all exchanges are in great demand from those who fail, or are already open but must close due to lack of funds.
so the DEVs definitely want the coins to be released in a good market.

New exchangers continue to emerge due to the large number of tokens that are not accommodated in established exchangers. The amount of listing fees in large exchangers provides an opportunity for new exchangers to appear with smaller listing fees and I think it's only natural. New exchangers will continue to emerge as long as new projects continue to emerge because requests for listings will continue

I don't even understand what the op means by "Required"...By whom? I don't see any harm even if there were thousands of exchanges. It doesn't mean you have to use them. If there's market for so them, why not create so many, the ones that people are not using will die out eventually. I am using only 5 exchanges for different things and occasionally one random exchange if the coin i am looking for is only in there. More exchanges just creates competition and the competition make better exchanges.

If the exchange is not a scam, how will it affect us badly? On the contrary, it means more choices when we find that we want more exchange. So, it becomes easier to find an appropriate exchange that you can trade. You no longer depend on the exchange, but exchanges make all sorts of competitions to get you. Also, this place is for those who are strong, if the new is already stronger than the old, the old will gradually be destroyed.

So far as exchange platforms serve as the crypto version of banks and making it possible for people to easily buy and own cryptocurrencies, I do not have any problem regarding the number of exchange platforms being created. But the only problem I  have with new exchange platforms is them creating their own crypto coins. To me, it is not relevant for an exchange platform to create its own coin. Most of these coins are just worthless coins flooding the crypto market with no specific aims that will have an impact on the crypto space.

There are a lot of older exchanges which are trusted and even if they have forced KYC on many users still they have a large userbase. What you say is strange because since more than one of them already exist, how can you stop them from existing? People have been using Poloniex, Bitfinex Kraken and also P2P exchanges. Whether Binance itself is trying to get a monopoly is questionable but that is not the topic of discussion here.

Maybe you are using two exchanges for your deals but not everyone is having the same circumstances as you are.

You are talking about startups that offer the exchange as a product. Yes, you are right because we noticed lastly that so many ICOs and IEOs projects want to initiate new crypto exchanges with some "unique" features, according to them. So many developers want just to imitate Binance and DEX and they have the dream to reach their success.

Lol, I remember that. I never joined those campaigns because it was always bullshit. An exchange is not an easy thing to deliver on. You need to many funds. There is already so much competition as well.


Product or service, yes. Instead of just people dreaming followed by foolish investors with $$ in their eyes.

In my opinion, only 1 exchange is quite like binance, but a lot of developers who want to develop a market exchange project in order to compete.
Many features and innovative that are made in order to compete with other exchange. Indeed it makes it very complicated to keep assets on many exchange exchanges.
If I had many of his exchange is not a problem because only used to sell such a token and the asset is moved to major exchange like binance.

Some of ICO that created in my country did that, claimed to be good exchanges and then die left investor with their tokens. I think really need a lot of research and money to create exchange, maybe higher target for ICO so they have enough money to make it stable.

You have the wrong perception when it comes to this matter because it isn't really that necessary to have big accumulated amount of funds.
Success vary on the team itself if they would push through on making the platform stable and do its job into the public.The only wrong thing here
is that project owners aren't really that serious enough to that extent where they do only just target out on collecting their investors money and ran it off.

Very few things in crypto actually relies on a lot of funds unless you intend to pay for results (that is, have a lot of paid marketing and PR options like paid ads, sponsored articles etc).

And this is why I don't trust in the least now people who needs funds to develop something. Satoshi didn't need funds, why should others? Right?

I'm ok with many exchanges, I don't want a few exchanges getting the monopoly of the market, if this happens, we have no control on decentralization and price will have an impact since these few exchanges can charge a very high fee, because of lack of options, we need more exchanges and each one independent of the other exchanges, the stronger the competition, the better for the community to benefit.

Some fellow "venture capitalists" would disagree with you. :D But we both know that they are nothing but newbie entrants with a 100$ in their pocket ready to gamble on every new startup that comes up. It makes them feel good and allow them to get that investment banker feel, you know? ::)

Point is that people will keep on attempting to turn 10 into 1000 and doing so they will dig up new and new shitcoins to get their money multiplied at the expense of their investors. So when they need to get listed they need an exchange, and so new ones come up. You can relate this to a demand supply balance. But how many of them are going to last is another question.

I agree, it will also prevent a big manipulation of the markets and having many exchangez will force them to improve their services and platform. Having few exchangers around will make them comfortable and wont keep on improving.

Having more competitions will bring something new to exchange owners to offer something that will be benefiting to the traders and investors.
With those new exchange that trying to gained reputations even offering much lesser fee or bonuses if they survived and get the trust from traders
it will force those big and existing exchanges to improve and to keep things favorable to their members/traders.

Aside from monopoly, competitions also bringing new sets of ideas for owners to create more features around their business.

More exchanges will always improve the standards of their services and cryptocurrency will get more exposure in the market. Less exchange will get less exposure and it is impossible to predict the volumes, in order to get more exposure for crypto we need competition for exchanges and this will help the exchanges to improve their standards.

Until now I did not think the number of trade exchanges will make traders confused. More and more exchanges that can be used by traders in trading will open up opportunities to arbitrate with the same token or coin. Each exchange will have advantages and disadvantages and hope will always trade assets on a safe exchange.

At present, there are many projects on the exchange, but most of the projects are unlikely to be successful, because the competition is fierce and there is not a certain number of user groups. This exchange will eventually fail.

your talking to ieo's  or the coins listed on the exchange   ?  if you say projects on the exchange that mainly refers to ieo's   . ieo's are new and the competition is still slim so the chance for the projects are likely to be succeed   .  but if you are dealing about the coins , yes the competition with them is big   . only few coins can survived and mainly those coins can survived are from the big exchanges   .  many exchanges are required because many coins are being created everyday  .

I think it is necessary to register the exchange and sell the altcoins in time. Because the market conditions are not good, many tokens will be sold on the exchanges, causing prices to fall.