Bitcoin Forum

We know Coinmarketcap lists fake exchanges on the top, they accept fake bot volume in such case which is not honest move! So, we have been appreciating Coingecko for bringing the real volume exchange on the top rank. But do you believe their liquidity exchange rank is real? I don't think they are 100% accurate. They listed BW, ZB, ZBG, Bitbank, Probit almost in the top rank but all these exchanges are faked volume,!

Sorry, the quality of Coinmarketcap has decreased significantly due to the ads. Fake volumes, price manipulations, and more ...
At Coingecko, he made good use of this bad move of the CMC. Many people now find Coingecko data more important.

But I think they are not doing an easy job. Today, there are more than 5000 cryptocurrencies in the market and nearly 1000 exchanges. It should not be easy to follow them all the time. Moreover, we cannot say that exchanges are very honest. I personally trust Coingecko.

There is no 100% accuracy if we are talking about website aggregation, it is understandable for us to see them listing those exchanges as top liquidity exchange.
As far as I know this liquidity thing is a new feature invented first by CoinMarketCap last year, so there might be something unclear about the metrics of the data collected.
Unlike trading volume that can be gathered directly based on real orders and activity on the exchange.

I do not say it is totally fake but compared to CMC, CoinGecko looks more credible to be honest. I would rather believe it than CMC as it now.

Mate, you won't find any place that is giving 100% real information to its community, not the Coingecko nor those real volume exchanges! Everyone has secrets! As we found something better in Coingecko than CMC, so, we should appreciate it! Once people followed Icobench as the best ICO rating websites but now people know most of their rating was fake, paid! The same thing is happening in CMC! So, as we have an alternative, I will keep using the Coingecko!

CMC and coingecko and other sites not giving us 100% accuracy.Last few months I am using coingecko maximum time.They are improving there data.Though still now CMC is better than coingecko but They are improving fast and day by day CMC going to be worst.but coingecko should remove many coins and exchanger because they are dead.But i always try to average both CMC And coingecko liquidity to get perfect result.

Biggest problem in crypto is we have no authentic check and balance thing here as currency exchanges or stock exchanges so no one can give correct data about these crypto exchanges in recent day coinmarketcap has decreased very badly in this issue with many fake things happening now Coingecko is also not able to provide correct things for community members but they have to depend on these two as have no alternative for them.

What are you talking about? Where does Coingecko has liquidity ranking? Coinmarketcap has that, and it doesn't seem to work. Maybe those exchanges have found a way to cheat the system.

Coinmarketcap has attempted to create a so called 'adjusted volume' metric. It's now the default ranking other than the volume exchanges report.
However, it's still hard for any such website to get reliable statistics. Very few exchanges give out data in a way that each trade could be calculated back to the full volume. Since most don't ranking websites have to rely on listing exchanges based on reported volume and/or come up with their own ways of putting a weighted multiplier based on how much an exchange is likely to be lying about volumes and to what extent.

All rating sites do not deserve your trust. exchanges will do everything possible so that people hold their money there, but do not believe them. Do not trust any rating sites or any other sources. just look after the fact. Check the number of open orders on the exchange itself.

I do not believe in their rating and liquidity. This is always manipulated in some situations.  So dont get carried away by the liquidity displayed by these sites.

We cant also be 100% sure with coingecko. Just like with coinmarketcap, if time comes that cmc's reign will be replaced by coingecko then cg might do the same.

It is all about the money that makes them put those fake volumes and liquidity.

In my opinion there is no crypto market cap website will give you proper information about coins/exchanges. It's true that there are thousands of coins and hundreds of exchanges came in crypto industry past couple of years. So it's too difficult to collect every single of their information. But end of the line this is the thing that they provide us. Right..? If they can't provide us properly then it's their failure.

I met CMC before CoinGecko. But i had really bad experience with CMC that's why i prefer CoinGecko. In my knowledge there is no much interested crypto market cap platform which can we follow. So, like or not you have to follow one of those no matter how they provide their service to us.

I dont think there will be an accurate record or stats that will any exchange will give. Of course there is always an outlier or bug in the volume of some projects and exchange. These are possible allowing by the mentioned website. Even the famous coinmarketcap also doing the same. So I dont think this is something new.

As of these fake volumes, traders cant much appreciate some platform using their data since of highly manipulative approach on some stats. Anyway I dont mind as not really concern in this issue.

Very true, a thing that is unfortunate, remembering CMC is very well known and has become a benchmark for this. However, revealing the fact that there are fake volumes (especially on exchange lists) makes us understand that even something big does not avoid "manipulation".

Then what about Coingecko? I personally do not 100% believe that they really present real data. Of course, even if for example the manipulation rate is only a few percent.

Really? It makes sense of how the manipulation works. Well, it is clear that everyone needs money and money will change everything and can manipulate many things.

From many answers by the members here, nowadays, CMC has decreasing trust and believes more in Coingecko. But, it doesn't mean that Coingecko serves real data 100%, there may be also some manipulation and fake data although only few percentages. Let's see how the Coingecko will face its chance to take over CMC.

No one knows if it's real or fake. In my opinion, even if it's real, the data wouldn't be accurate... Why?  There's a long list of possible causes, ranging from the API data received from the exchanges. Most of the time, this is the cause. Most exchanges don't even have correct data. Their orderbooks are messed up. So I wouldn't blame the guys at Coingevko.

I do not pay attention to the ratings of exchanges. I mainly trade only in Binance, but when I need to buy or sell some kind of coin on another exchange, then I don’t care what rating it has. I just buy coins and withdraw it to my wallet.

Only those who will be affected by this are the traders that has needed some valuable stats for trading. Indeed coingecko is much better in termd of accuracy than coinmarketcap but the range of cmc in terms of coins is much appreciated and mostly uses it.

This is why some data in these platforms are not accurate most data have not been given by exchanges. Im thinking why their not telling the whole reports? Soemthing fishy right? Of course its just means they are doing some monkey business.

The data in Coinmarketcap and Coingecko are not entirely accurate there must be manipulation of fake prices and volumes there are many low exchanges to the top after seeing the statistics on CMC and Coingecko so do not look or depend on the data and we better look for the information ourselves or better visit the exchange.

I think BW, ZB, ZBG, Bitbank, Probit are real exchanges with the volume even though some say there are a lot of fake volumes there so I'm not really surprised.

Coinmarketcap introduced its Liquidity Metric not too long ago.
Coingecko introduced its Trust Score in May last year.

Each of these platforms have their own metrics (formula) of determining "real" volume but do not expect them to be 100% accurate. Instead of arguing about the scores or rankings of these exchanges on their websites, why don't you read how they are ranked instead?

I'm putting the links for everyone's convenience:

• https://blog.coingecko.com/trust-score/
• https://blog.coinmarketcap.com/2019/11/11/coinmarketcap-launches-new-liquidity-metric/

If you still have problems with those two, there are plenty of sites to choose from - Sites for Crypto Market Watch (https://bitcointalk.org/index.php?topic=5158658.0)

There is no 100% accurate buddy, dealing with a bunch of exchanges those are just statistics on reported or adjusted volume, I know they get the data from API's which can easily be manipulated by bots generating fake volume. The top 1 exchange might not be really the top 1. That's how it works. For me, I rank exchanges by Trust and my number one is Binance.

Yes, you are absolutely right. Coingecko listed many scam coins, dead coin, even maybe they never said No to anyone from listing which is disrespectful. So, Coingecko is not perfect yet, where CMC has fewer issues in this term. So, Counmarketcap still the best option for tracking crypto coins price, Coingecko needs to improve many things to compete with CMC.

At least they are trying to be honest. It's not an easy task because there are so much scam and shit exchange out there. Although I use coingecko most of the time i think the coin market cap is still a very good place to track down any project. They both have their own system to determine the score. So it can't be 100% accurate by its still useable.

we must to check it to exchanges itself to make sure that buy or sell order suitable with coingecko data. sometimes their calculation different with real condition and ofcourse its not totally be their fault. as traders and investors we must research by our own to check real liquidity in every exchanges.even coinmarket often make a fault in their data .just used coingecko or cmc to track coin price but dont used it for trading decision.

The fact is they can't be 100% accurate but coinmarketcap isn't about accuracy, it's about money making to rank up any exchange on the list just like ICO rating websites used to do, coingecko is the only option left now

I do not believe that Coingecko shows the real liquidity of exchanges and various cryptocurrencies, most likely Coingecko as well as Coinmarketcap receive money to show the incredible fake volume of various exchanges and cryptocurrencies, somehow they need to earn money also.

In my opinion you cannot believe both of them, in particular if we check exchange volume data. I never check that portion on any of these websites as I believe in recommendation and trust. I also donot store my assets on any exchange. If I want to check the price of a particular crypto I prefer checking two or three exchanges.

I also do not think the coingecko is completely accurate but I do not believe the rankings of the coinmarket cap. Ranking sites are unreliable, If you want to evaluate a job exchange simply join the community and learn for yourself.

I don't think anyone can provide very accurate data. Coinmarketcap, which is better than Coingecko, states that sometimes the trading volume data that is given is not very accurate, so I don't think too much about the information in Coingecko and others.

Why you don't use an exchange to see the movement price or the volum of the coin? I think that is very accurate because the movement of the price just because buying and selling. Other than that your intention to know this movement price for your trading strategy or for your investment strategy. I myself only the movement price from some exchange, like binance and OKex because it is there is manipulation about it.

Yes I belief in coingecko rating compare to coinmarketcap and others, it seem they aren't interested in money for rank like others yet, but on time coingecko might join others too once attentions from coinmarketcap are been directed to coingecko

Coingecko is clearly a lot better than Coinmarketcap. Coingecko does a good job of listing and analyzing the volumes of exchanges in this market. Today I often use Coingecko because it gives me very accurate and truthful information

I haven't seen liquidity rating from coingecko but if it's real I won't belief in it but will still be better than coinmarketcap because with ordinary trading volume rating coingecko have shown fair rating

nodody's perfect so even the great coingecko and coinmarketcap do comit mistakes too but speaking of mistakes , cmc does do alot of mistakes compare to coingecko  , that is the reason why people switch and use coingecko the most  .  i would also like to thank you for providing some info bout the coins you list because i didnt know that those coins have a faked volume  and i also didnt know that coingecko supports it too but i though only cmc are only the one that list fake volumes  or maybe people dont only notice it because i rarely see someone complain by using coingecko except from you   .

Coingecko is the best now and still trusty than others, let's just hope that they will remain the same and not start taking bribes to rank up bad projects and exchanges, coinmarketcap build it's reputation and it was good until they can't be trusted anymore, all those hardwork go in vain

Its never been accurate and as far as i remember only a few exchange do really have that organic volume which is Binance and few of them (cant remember all).Its no surprise that CMC doesnt really mind if those unknown or least exchange do top rank on a particular day just because someone do make some pump into that place and placing its rank to the top on daily basis when it comes to gainers category.I dont easily trust up numbers that can be seen on cmc yet i do always look deeper to verify.Yeah,i know it sucks to check it out deepthrough but if you do like to get rid of those fake numbers then research is a must.