Liquidity and Fees When Trading

[Outhue]

A less popular crypto exchange can fake it's liquidity, it's just a number and it can be faked easily, also this exchange is not even close to low-rated ones like Coinsbit, this Stormgain is unknown, and probably a scam too, stay away from such exchange, use coinmarketcap link that @ImThour dropped, that's the official link to CMC exchanges list and ranks, and as you can see Stormgain is nowhere to be found, it means out of millions of crypto traders and buyers, only 3-15 people know about Stormgain and that includes the team of the exchange themselves, be very careful.

[jrrsparkles]

I wanted to give a try to a new exchange but Im not sure that exchange has enough liquidity... What are the most reliable ways to check liquidity in one exchange.

That exchange is Stormgain...they offer no commission for trading and a profit share of 10% is taken only from profitable trades...

Do you think I would have spread/liquidity issues if I trade btc in that exchange? Im not really good at seeing that by reading the order book..also Im not sure if they might have a fake order book?

Are there any other exchanges with same business model where they only take fees from profitable trades?

After some digging all I can find is mixed review about the platform on bitcointalk (Any thoughts of Stormgain cloud mining? as well as on reddit (Storm gain, real or scam?)

IMO, they claim to offer cloud mining service with the computing power of users which is obviously false statement so I will never trust any platform which is blatantly lying so their reported volume also can't be true cause it shows 1000+BTC as 24 hour trading volume on coin tracking sites.

Don't deposit any money or you can't get any help after the money get into their custody.

[joniboini]

I wonder why OP seems so keen to try a relatively obscure exchange/service instead of using the popular one. OP, you also look for a copy-trading service and its review in the last few days. I guess you want to maximize your profits by reducing the fees you paid, while also making it quite easy to do so. If a risk of security doesn't discourage you from trying them, I believe you should at least calculate just how much fees you are saving and check if that's really worth the trouble.

[Nwada001]

A less popular crypto exchange can fake it's liquidity, it's just a number and it can be faked easily, also this exchange is not even close to low-rated ones like Coinsbit, this Stormgain is unknown, and probably a scam too, stay away from such exchange, use coinmarketcap link that @ImThour dropped, that's the official link to CMC exchanges list and ranks, and as you can see Stormgain is nowhere to be found, it means out of millions of crypto traders and buyers, only 3-15 people know about Stormgain and that includes the team of the exchange themselves, be very careful.

StormGain is on CoinMarketCap; the link was included in the first comment dropped on this thread.
https://coinmarketcap.com/exchanges/stormgain/
But being in coinmarketcap alone does not mean the exchange is 100% legit. Coinmarketcap is owned by a business entity, and any exchange can pay them to add their name to whatever data is submitted. The system is not decentralized, and as such, we can't check how transparent it is. There is a lot of volume and order book manipulation happening around the exchanges these days.