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ticterine (OP)
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October 26, 2017, 03:43:03 PM |
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Anyone know how or why certain exchanges only choose to carry certain coins? An exchange like coinbase only offers BTC, LTC and ETH. I don't even see the point of trading there.
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Febo
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October 26, 2017, 04:20:50 PM |
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Anyone know how or why certain exchanges only choose to carry certain coins? An exchange like coinbase only offers BTC, LTC and ETH. I don't even see the point of trading there.
The point of exchanges is not for a trading but for a exchanging. If you have a currency that coinbase have a pair and you need a currency that is also in that pair then you will use coin base. After you do the exchange you pull your coins to our personal wallet that no one can loot and use them to buy yourself stuff that you need on regular basic. |
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bit-freedom
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October 26, 2017, 04:40:42 PM |
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Yes I agree that coinbase is mainly used as an exchange. For trading, Poloniex, Bittrex and Binance are much better. And most importantly the fees are lower.
Poloniex, Bittrex and Binance choose to list the coins with volumes. If there aren’t much demand, there is no point in listing or maintenance since the earnings in fees are low.
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mayadin
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October 26, 2017, 04:49:48 PM |
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Exhanges are commercial shops, they choose what works for them. That's why they delist poor performers every now and then
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babygun
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October 26, 2017, 04:55:08 PM |
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An exchange like kraken only lists a couple of big coins also (BTC, LTC, ETH, ETC, XMR) but I like trading there because you can use fiat money to buy altcoins. Easy interface also to buy/sell.
Yes bittrex offers much more coins, but I don't like the interface and I don't like buying altcoins with BTC.
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t3hpwnographer
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October 26, 2017, 05:03:14 PM |
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Some exchanges like EtherDelta seem to list just about everything, but bigger exchanges have higher standards. For example, from Bittrex: "We strive to only list “use” tokens or tokens which represent a good or service." Yes bittrex offers much more coins, but I don't like the interface and I don't like buying altcoins with BTC.
To be fair they also have ETH and USDT markets, but I can see how no fiat support might turn some people away. For me it's a plus because I know if it was that easy I'd dump all my money away into some altcoin that would immediately crash  |
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Poink
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October 26, 2017, 05:07:40 PM |
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Each coin listed on an exchange uses resources. Many seem to think they they have infinite resources but they don't. They have to prioritize which they believe will give the best returns.
GDAX, Coinbase, etc. I would refer to as "gateway" exchanges. They are like the buffer zone between alts and fiat and not really geared towards trading with other altcoins. It is the business model they chose and until someone decides to take on both (would be ideal for us--not for them) the "boundary"/distinction will remain.
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kryptqnick
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October 26, 2017, 05:18:52 PM |
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Yes I agree that coinbase is mainly used as an exchange. For trading, Poloniex, Bittrex and Binance are much better. And most importantly the fees are lower.
Poloniex, Bittrex and Binance choose to list the coins with volumes. If there aren’t much demand, there is no point in listing or maintenance since the earnings in fees are low.
Bittrex chooses coins rather strangely. Sometimes I see there coin's I've never seen anywhere else and which are never discussed but at the same time they happen not to have IOTA which is in top-15 both in marketcap and trading volume. That doesn't make much sense to me, even though in general this exchange is fine for me. At least, it's good it has fine reputation, because there are quite popular exchanges with awful reputation such as liqui and etherdelta. |
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jtipt
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October 26, 2017, 05:23:12 PM |
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Anyone know how or why certain exchanges only choose to carry certain coins? An exchange like coinbase only offers BTC, LTC and ETH. I don't even see the point of trading there.
It's depends on the exchange's marketing strategy and also their budget, having more coins costs more money. For example coinbase is not an traditional exchange they only focus on some coins and offer primarily buying and selling functions via fiat. While other more conventional exchanges like bittrex or poloniex offer wide variety of BTC-altcoin markets, they make their primary profit from the fees taken from exchanging btc for altcoins. |
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Mihaylovic
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October 26, 2017, 05:33:02 PM |
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Anyone know how or why certain exchanges only choose to carry certain coins? An exchange like coinbase only offers BTC, LTC and ETH. I don't even see the point of trading there.
They must agree with token developers. And infrustructure of exchange must support that token. It is Not so easy for both sides. |
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Shamie1002
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October 26, 2017, 10:00:41 PM |
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You cannot expect that you would see all of the altcoins in exchanges. Those altcoins you have mentioned are the most common altcoins used because of its demand, having exchanges in different coins would cost them without sure profits. For example, most users of digital currency use bitcoins because it's transferable to direct fiat, any alts, because it is widely used and demands are high. The assurance of its use makes it possible to be in every exchanges.
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donotlean
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October 26, 2017, 11:07:26 PM |
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if they make more options,they were slog away.they dont do that because of easily rule the ongoing system they dont want to mix it.Also they takes more money because of that it's so nice system for them
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gidaahmad
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October 26, 2017, 11:13:23 PM |
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Certainly the Exchanger wants to take advantage of the large volume of trading from the coin through fee trading. Well, it is clear why most Exchangers only have good coin list with good volume.
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NaissuR
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October 26, 2017, 11:32:24 PM |
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i dont know why, but i wish that the bigger exchanges start to make some research and add coins, without taking any money..
they can earn from the fee's anyway :[
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ImHash
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October 27, 2017, 06:44:25 AM |
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When you have a coin only listed in just one exchanging platform, It means they are the only people accepting that coin, Many of exchanges won't list a coin if they can't manipulate it and earn the highest profit possible. More exchanges list a coin better the profit for any one. Coins listed on all crypto exchanges are the best coins, BTC/ LTC/ ETH. You could launch a platform yourself and add any coin as you see that would generate any profit for you.
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AltcoinAuthority
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November 09, 2017, 12:47:16 AM |
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Anyone know how or why certain exchanges only choose to carry certain coins? An exchange like coinbase only offers BTC, LTC and ETH. I don't even see the point of trading there.
Don't trade any coins at Coinbase now matter what people tell you. Coinbase kept a bunch of peoples Bitcoin because they restricted people from certain countries in a short notice. |
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Koadharber
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November 09, 2017, 03:09:00 AM |
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When you have a coin only listed in just one exchanging platform, It means they are the only people accepting that coin, Many of exchanges won't list a coin if they can't manipulate it and earn the highest profit possible. More exchanges list a coin better the profit for any one. Coins listed on all crypto exchanges are the best coins, BTC/ LTC/ ETH. You could launch a platform yourself and add any coin as you see that would generate any profit for you.
Yes, you can create your own exchange but it wont really be an easy thing and would really takes a lot of time.Exchangers is really a profitable business but earning trust would be the main problem.In coinbase you can only trade or exchange 3 cryptos thats why it is limited and good for those people who hold up these coins but if you do seek out on wide variety then go in Bittrex instead or other exchanges which do offer lots of of altcoin to be chosen from.I do only use coinbase for wallet purposes not intended on making a trading on that site. |
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Zocadas
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November 09, 2017, 05:49:26 PM |
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I use several exchangers, but not coinbase. If you want a good portfolio of stable altcoins, I'd recvommend Bitfinex, Poloniex and Cryptopia. Also Kraken is told to be good. Have no experience with it. As soon as you have exchanged, you should use wallets for each coin or multicoin wallet and save them there. Coinbase's main feature is not exchanging BTC/LTC/ETH. They implemented those coins, because of customers feedback.
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dealung
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November 11, 2017, 04:06:48 PM |
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I think coinbase is a bitcoin wallet company and trades bitcoin to fiat, also API for developers and merchants to create apps and receive bitcoin payouts.
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Oo ako to
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November 17, 2017, 03:10:03 AM |
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Anyone know how or why certain exchanges only choose to carry certain coins? An exchange like coinbase only offers BTC, LTC and ETH. I don't even see the point of trading there.
Then don't trade there. There is poloniex, bittrex and other exchanges that offer other coins that you are seeking. It's not bad to try new exchanges because I have many accounts in different exchanges that I can take advantage of different prices. |
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