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Author Topic: What exchanges will survive?  (Read 1354 times)
Reset779
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March 12, 2018, 04:38:50 PM
 #41

Thus far, anything can happen. MT. GOx was the best crypto exchange and the largest. People thought it was legit and it really was... but all it took was one (ok many) insider hacks... and suddenly it went down without allowing too many withdrawals.

I personally think Kraken, Bittrex, and Binance and Coinbase are the safest bets. Poloniex has a lot of FUD, and I'm not really sure if anyone uses it anymore when all the new coins appear on either rex or nance. And Poloniex often has server issues that screws everyone over.

But i really feel like it just takes one really good hack to take down Bittrex and Binance.

Coinbase can get hacked, but it has backing by the federal reserve, so I think it will survive. Kraken seems like a solid exchange too. Kraken was around since Mt. Gox, and has remaind strong without any hacks.
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March 12, 2018, 05:43:12 PM
 #42

the OLD that till now still running is the best, Bittrex, Poloniex, Yobit, Binance, Bitfinex, i think its the one that will survive, the new exchange that only need our identity just for trading is not worth at all, so much exchange now, that release their own coin

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March 12, 2018, 06:20:19 PM
 #43

I harboured some hopes of a huge exodus from all these big Polos, Bittrexs, Coinbases to fast, cheap, user-secured decentralised exchanges when I first learnt about them last year. The hype started in 2016 apparently, but after participating in once ICO (yes, I was a newbie too) and trying out trades faithfully on two DEXs for a time (Waves and Counterparty), I think I was way too optimistic.

Meeting plenty of newcomers who still want to choose centralised wallets, centralised exchanges, for the benefit of having someone to talk to and help them out as they learn to use bitcoin/crypto, I'm now thinking that these big exchanges still have a lot of years left in them. In fact, they'll probably continue to grow for as long as we remain in the phase of mainstream adoption.

Survival implies that they're facing extinction, but other than regulatory compliance and hacking risks, I have a feeling the big exchanges still responsible for the majority of volume are here to stay for the foreseeable future.

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poplolnman
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March 12, 2018, 06:40:32 PM
 #44

as long as the traders are coming in there is no reason for them to take down.
and of course the trust of the traders/investors is very impotant

Exchanges are closing not because of they don't have traders but either due to they got hacked or due to government regulation they can't meet the requirement to continue exchanges so they will end up closing the exchanges. I too think that Bittrex may survive for long but can't say with full guaranty.
A hacked exchange frequently accused as a famous trick behind the real intention to scam . Idk really how many exchange claimed that they are under attack and forced to close the business with some compensations promised but they didn't do anything just disappear , classic scheme. The only exchage I can trust are the one who I know well the owner itself and it's my local exchange but globally ... Yeah bittrex seems promising with its service currently also with less problems they get rather than any other exchanges.

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March 12, 2018, 07:12:48 PM
 #45

Binance has often been praised for its wide variety of support coins. Traders can use the platform for multiple digital currencies, including, but not limited to Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ethereum Classic, EOS, Dash, LiteCoin, NEO, GAS, Zcash, Dash, Ripple and more. As mentioned before, Binance also supports numerous tokens, as part of ICO listings. With this in mind, traders can use the platform to trade these tokens for a profit as well
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March 12, 2018, 08:00:59 PM
 #46

the OLD that till now still running is the best, Bittrex, Poloniex, Yobit, Binance, Bitfinex, i think its the one that will survive, the new exchange that only need our identity just for trading is not worth at all, so much exchange now, that release their own coin
With passage of time, every other week or month there are coming new exchanges that are facilitating their clients and users at utmost capacity. Still some are standing over the line and bitter is one of amazing exchanges. The most impressive thing about Bittrex is, it gives newcomers best feeling of trading. Such interactive interfaces and easy understandable features make it fantastic.
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March 12, 2018, 08:16:26 PM
 #47

For some reason, I have my faith on Bittrex.
But everyone is talking about coins and ICOs but I tend to believe most of the exchanges will be closed soon.
An exchange is a hell of a thing.

I think that Poloniex, is one of the exchanges that will never die, i mean it has the ability to adapt to the market and for what i have seen, practicly all the good ICOs that are successful have got their tokens listed on there, along with poloniex's low exchange fees and the ability to siwtch betwwen coins in real time makes it one of the best out there, and i am sure that when shits starts going down it will be the one standing.
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March 12, 2018, 08:33:40 PM
 #48

as long as the traders are coming in there is no reason for them to take down.
and of course the trust of the traders/investors is very impotant

Exchanges are closing not because of they don't have traders but either due to they got hacked or due to government regulation they can't meet the requirement to continue exchanges so they will end up closing the exchanges. I too think that Bittrex may survive for long but can't say with full guaranty.

We can hope for the prevail of our favorite exchanges like the Bittrex but actually, we cant know for sure if this exchange will survive an ongoing wave of the new exchanges that are releasing their own coins and also the direct onslaught of the governments which are actually full of greed.
Their greed is getting so high that they are banning exchange transfers to FIAT due to increasement of the investors in the crypto market.
On a long-term, we will see but we cannot tell for sure what will happen.
Exchanges with the potential will survive but even that best secured may be hacked or even revealed as the corrupted.

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Jaycee99
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March 12, 2018, 08:51:16 PM
 #49

Binance has often been praised for its wide variety of support coins. Traders can use the platform for multiple digital currencies, including, but not limited to Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ethereum Classic, EOS, Dash, LiteCoin, NEO, GAS, Zcash, Dash, Ripple and more. As mentioned before, Binance also supports numerous tokens, as part of ICO listings. With this in mind, traders can use the platform to trade these tokens for a profit as well

Never ever got the the chance to use binance but base on youtube its popular and handy as they say, not me.

So back to OPs main topic what exchange will survive? Well many exchanges will continue to iternity but to say that all things will go or pass away like living things. So exchanges may go and some will create new and more exchanges so we can't really say what exchanges will survive in the world of cryptocurrencies. 

Also we have many users of bittrex, polinex or binance and they may crash but with propper maintenance and people to handle it, who know it might will be the last amn standing. Just saying basing on what I read know.
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March 12, 2018, 08:56:28 PM
 #50

A lot has changed since 2014-2015.

Back then many major exchanges went down. Like MtGox, Mintpal, Cryptssy, Cryptorush, etc.

However those exchanges were largely unregulated and never followed protocol.

These days with regulation becoming a thing more and more exchanges will need to follow certain protocol which should insure customer safety.

I think most BTC on exchanges are all on cold storage. Hence most funds are safe.

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richardsNY
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March 12, 2018, 09:18:28 PM
 #51

poloniex of course.

that's been bought out by circle who have goldman sachs backing, among many others, plus the SEC okayed the sale.

Poloniex is the first exchange to actually be approved by the SEC, which is a big deal, but it still doesn't mean that we'll see it grow into a major exchange again. Interesting fact is that Circle isn't only backed by Goldman Sachs, but....., but......, also by J.P. Morgan! It once again shows how much of a hypocrite that bank really is. I may even believe that in a certain way, they are guilty of insider trading and market manipulation, because the market did actually react to the statement of CEO Jamie Dimon, and investigations may turn out to show that either the bank itself, or through proxy, they bought themselves into the market.
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March 12, 2018, 09:39:37 PM
 #52

poloniex of course.

that's been bought out by circle who have goldman sachs backing, among many others, plus the SEC okayed the sale.

Honestly, Poloniex is one of the biggest platfrom of trading on the internet, It used by a thousand of users. I think it will survive because it have a good reputation and I already used it for a couple of weeks, I never found any problem, All my transactions done quickly like a charm, I don't know a lot of exchanger, but I already have a look at bittrex, it's seems a good exchanger too, I think these 2 that I mentioned will survive for sure.
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March 12, 2018, 10:41:55 PM
 #53

For some reason, I have my faith on Bittrex.
But everyone is talking about coins and ICOs but I tend to believe most of the exchanges will be closed soon.
An exchange is a hell of a thing.

If cryptos will continue to succeed, I don't think exchanges will ever close, I'm pretty sure instead of closing a lot of exchanges will open for those upcoming ICO which are not yet listed in the current exchanges. For me bittrex and poloniex will continue to become a good exchanges even in future time.
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March 13, 2018, 04:39:44 AM
 #54

There are many reliable and trusted exchanges site and most of them were attacked by hackers. Honestly I wondering if they attack by hackers or is this their way to scam, but the most I trusted exchanges and I hope this will never end is Binance, Bittrex and Poloniex.
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March 13, 2018, 04:43:48 AM
 #55

Centralized exchange are on their way out,  it is only matter of time before government will make it practically impossible for them to keep operating in cryptocurrency currency ecosystem that is not in tandent with current centralized financial system.

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March 13, 2018, 11:16:49 AM
 #56

Big centralized exchanges that only offer crypto to crypto will eventually die. There just isn't a need to trust anyone in crypto and people will come to realize that very soon with all the DEXs coming out. One of them will do it right, advertise enough to get people in, generate hype and good to go.

We'll need the fiat to crypto exchanges because it's a way for new people to get in and is highly regulated, and we'll need DEXs. Polo, binance, bittrex, they'll either need to become decentralized, which I think binance said 3y where going to, or they'll just get rekt.
Yeah, we cannot really do without fiat exchanges anyway considering what you have said and also considering that for now, there is absolutely no way to even spend your crypto without having to convert to fiat first and I am sure the government is trying to make sure that this comes to play first before the whole crypto space explode and they are not even able to easily handle it based on their regulation.

I am very much confident on bittrex to survive and obviously since they are apparently complying with all the SEC rules and regulations, I am sure they will be one top notch US exchange to use. I am sure some exchanges may end up being blown out and most especially the shitty ones, but I guess time will tell, but at the end, it also depends on where the exchanges are situated anyway, but there are just some of the big exchanges that I am sure will keep up.
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March 13, 2018, 11:38:22 AM
 #57

Never use the shit like Yobit.io or net , its the best scammers exchange which i saw , they don't have any support , they could did-not withdrawal you money and did not get it back to you , a lot of people was scammered by this exchange .

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TaKlarPH
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March 13, 2018, 11:54:27 AM
 #58

a lot of exchanging sites has proven there stability and trust to many traders. I also have an account in bittrex and ccex or poloniex and I did not have any problem with all of the sites. I have tried also the customer service response of bittrex and their support can reply to you very fast but I have not tried the other two. hope this comment can help you determine what exchange site will you be trusting
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March 13, 2018, 01:30:34 PM
 #59

For some reason, I have my faith on Bittrex.
But everyone is talking about coins and ICOs but I tend to believe most of the exchanges will be closed soon.
An exchange is a hell of a thing.


A year a go I have faith with Bittrex but after some not successful transaction with out know how to fix it, I leave Bittrex. Exchange can close if they can't show better services and security into their system. Government rules, slow market will not stop exchange operation. Nothing too worry about exchange, every day new exchange comes up with many tools and powerful system to survive on real market. Keep calm and happy exchange. 

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March 13, 2018, 02:19:56 PM
 #60

I'm sure that point of view is come up when all the centralized exchanges like bittrex and etc are getting stricter with personal identity verification, and especially Bittrex has a problem with the support system if I'm not mistaken. If we talk about which exchanges that will exchange in the future, I will definitely come up with the answer is the decentralized exchanges. I'm sure the decentralized exchanges are more friendly with cryptocurrencies scene whereas the user is seeking for a decentralization economics, privacy, and anonymity.
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