Be cautious with new exchanges

[Cryptolead]

Now you need to be neat with all the stock exchanges, not to mention the new little-known ones. At the current moment on the top stock exchanges even closed the registration. Many complain about problems with long verification, withdrawal, can wait a week for a response from technical support. The future behind the decentralized exchanges, it's a pity they are not yet ripe to the desired level, so while we wait .. For now, we follow the rules of exchanges, as an option for an interesting exchange at the current moment, take a closer look at the binance.com..

[1714759425]

1714759425

[1714759425]

1714759425

[TheGreatPython]

It looks like they have a small volume with trades right now, but doesn't really look like a scam exchange. Does anyone here trade on topbtc? I doubt the exchange will be listed on coinmarketcap if it's a fake one, but the price does seem a little fishy.. They also claim to have free exchanges. I wonder how they make money

It does not at all and it is not a scam exchange compared to what the OP must have thought. At least they are trading, the volume is low and it must be a local exchange somehow. Nevertheless, why would anyone want to do arbitrage without being sure of the website they want to transfer funds too? That would be an extremely absurd thing to do.

[Jating]

It looks like they have a small volume with trades right now, but doesn't really look like a scam exchange. Does anyone here trade on topbtc? I doubt the exchange will be listed on coinmarketcap if it's a fake one, but the price does seem a little fishy.. They also claim to have free exchanges. I wonder how they make money

It does not at all and it is not a scam exchange compared to what the OP must have thought. At least they are trading, the volume is low and it must be a local exchange somehow. Nevertheless, why would anyone want to do arbitrage without being sure of the website they want to transfer funds too? That would be an extremely absurd thing to do.

Every other exchanges that are know today have started from trading small and look at where they are right now. I'm haven't done any trading on the a mentioned platform though, so I can't say if they are scam or not. My point being, they maybe small that why it arouses suspicions but let us give them sometime. Because if there are really a scam site they can easily be flag by a lot of traders who is member of our community.

See, not anyone knows topbtc and unless someone really experience to trade with that site and claims that it's really a scam or trusted site, we can really know for sure. Yes, its really hard to trust new exchanges, but if the intention is to really create another opportunity to trade and earn, why not?

[@Mhaiang]

Add, THIS MAY WELL BE A LEGITIMATE EXCHANGE


Saw that the highest price for btc is on topbtc.com https://coinmarketcap.com/exchanges/topbtc/

https://mobile.twitter.com/topbtc_com

Homepage is translated from Chinese using Google translate.

Somebody will think they are smart and send some coins there to arbitrage but might not end well.

Not an accusation, but people should be careful

We should be an extra cautious in many aspects especially in all the exchange sites. WE should not allow giving or donating coins in any exchanges because some of them are fraud.

[Partizanai]

i recommend to use better known exchanges, unless you have to deposit small unknown coins and no other exchanges has that option

[sumanto]

Add, THIS MAY WELL BE A LEGITIMATE EXCHANGE


Saw that the highest price for btc is on topbtc.com https://coinmarketcap.com/exchanges/topbtc/

https://mobile.twitter.com/topbtc_com

Homepage is translated from Chinese using Google translate.

Somebody will think they are smart and send some coins there to arbitrage but might not end well.

Not an accusation, but people should be careful

yes you are right, now this is a lot of new market which in launch me to be afraid if market there will be problem, so you should play in market which you trust long time to prevent unwanted thing.

[Insanerman]

Other than topBTC, there is also a new Exchange called UpCoin Exchange wherein you will receive a 500 USD upon registering that will cover all the transaction fees in trading.
I think the betatesting is in next month but Im in doubt because I feel like it is a scam and can eat up your deposited funds.

[cybersofts]

Add, THIS MAY WELL BE A LEGITIMATE EXCHANGE


Saw that the highest price for btc is on topbtc.com https://coinmarketcap.com/exchanges/topbtc/

https://mobile.twitter.com/topbtc_com

Homepage is translated from Chinese using Google translate.

Somebody will think they are smart and send some coins there to arbitrage but might not end well.

Not an accusation, but people should be careful

Good advice, there are many new sites claiming to be cryptocurrency exchanges on the internet these days. You guys should be very careful with the new popping exchanges or something else would happen you someday. I always prefer using the popular exchanges such as HitBTC, and BitFinex.

[01asd]

Now you need to be neat with all the stock exchanges, not to mention the new little-known ones. At the current moment on the top stock exchanges even closed the registration. Many complain about problems with long verification, withdrawal, can wait a week for a response from technical support. The future behind the decentralized exchanges, it's a pity they are not yet ripe to the desired level, so while we wait .. For now, we follow the rules of exchanges, as an option for an interesting exchange at the current moment, take a closer look at the binance.com.

I think everyone already knows about it. I myself never use a new exchange but use only one exchange that has been trusted since I first jumped into the online business. I think you should ask first before using a new exchange. Ask the local facebook group and online forums in your country. There will be many people who will answer and give useful information. There will be many people who advise you on a reliable exchange. Usually there are only a few exchangers who are trusted and very coveted. Maybe because the exchangers have the best price, friendly, and have good service. In my own country, there is even a local exchanger site for us.

[Soksuci]

Yes we should be cautious with new exchanges. There are at least 1 per day exchange are popping out.

Make sure you know the legal of the exchange.

[Natsuu]

It looks like they have a small volume with trades right now, but doesn't really look like a scam exchange. Does anyone here trade on topbtc? I doubt the exchange will be listed on coinmarketcap if it's a fake one, but the price does seem a little fishy.. They also claim to have free exchanges. I wonder how they make money

It does not at all and it is not a scam exchange compared to what the OP must have thought. At least they are trading, the volume is low and it must be a local exchange somehow. Nevertheless, why would anyone want to do arbitrage without being sure of the website they want to transfer funds too? That would be an extremely absurd thing to do.

I agree and every move that we do is all our liabilities. If you think that exchange is quite shady then don't use it. Simple as that and trade at your own risk. We have many exchanges to choose from then why use it if you have other option?

[AliCris]

I mostly try to use already proven exchanges, I really do not like to take risks and trust unverified sources. Unfortunately, often even well-known exchanges cease to exist with all user facilities.

[EinaiOraCoinDev]

I agree with this, and yes, it is full of scammy exchanges at the moment. Just take a look at KuCoin, this was a newbie exchange, they raised a lot of money on their ICO.
And they are just now having a lot of troubles about withdrawals and deposits.