Too many new Exchanges

[Bennix]

Recently,we have witnessed the emergence of many exchange.This development should be monitored critically especially when it comes to security.We heard about some exchange being hacked as a result of not using multiple signature measures.This impose a grave concern to the traders.

In terms of volume,the exchange one is using determines his performance especially if one is a day trader reason is if one is using exchange with no sufficient volume there is every possibility the trader will not be performing well.Some exchange have no financial expert that evaluate the coins they want to list ,and this ugly trend has made some exchange to become dumping ground.

In terms of diversification,too many exchange has contributed in distributing the coins in the world.
From my own view point, there should be regulation to checkmate the activities of these exchange and at the same time sanitize the industry.

[Dr.Osh]

Yes, we are seeing many new exchanges daily but don't skip to new exchange stick to the old ones because we find some security measures whereas we don't know how the new exchanges are going to be. It is not good to keep on diverting to the new exchanges.

I think the benefits of making an exchanger are very many, so there are so many people making exchangers. well, I think it's better, because each exchanger has different advantages.

[Google+]

I think what you say is true because there are so many exchanges now that some are confused about where to trade, and I recommend choosing a crowded exchange place and having a very high daily trading volume.

[StephenieDuong]

More exchange means more chance to list on exchange for ico tokens, but there are high risk when using new exchange: untrust, low volumn, withdraw not instant... So i still think you should just use old exchange like Binance, Bittrex ...

[enwi]

I think, if there are too many exchangers it will give us many options to trade so that we can get exchangers that have a bigger profit and now there are many new coins popping up so that more exchangers are needed too

[developer101dev]

More exchange means more chance to list on exchange for ico tokens, but there are high risk when using new exchange: untrust, low volumn, withdraw not instant... So i still think you should just use old exchange like Binance, Bittrex ...

Yes you are right on what you have mentioned so i also prefer to use old exchanger like binance, kucoin and etherdelta, you can always look for a market with good reputation before starting.

[$anounimus$]

yes you are right now there are so many exchange places that exist so you should be able to choose an exchange place that can provide comfort and security and can provide you with lots of profits when you trade.

[rumexx]

To me I think it is good omen for the crypto family despite the issue of security and trust which you raised  there are still a positive part of the advent of multiple new exchanges. Most of them have a better scalability than the established ones some are even 0 zero fees while others have a solid and better security measures inbuilt. I think the best part is that we have more choice now and the listing price may be crashing now.

[jrrsparkles]

Having too many exchanges are good thing because the competition between the exchanges will do good things to the traders like best support,low fees and lot of others,but not all the exchanges are legit so don't directly deposit your cryptos if you found new exchange,just do some research and know the legitimacy of them before depositing.

[btc78]

Recently i was working on a project related to Altcoin listing on different exchanges. Strange i found out too many new exchanges and people are trading well over there. Don't you guys think there should be limited number of exchanges and regulated ones? (Many new exchanges are nicer too and competitive but there is always a trust issue there specially for new investors). Your thoughts.

Its been always our prerogative to choose what exchange to use,unless our token or coins from ico are in specific exchange thats the only way we have no option.but as long as our coins/tokens are bought from exchangers then you can choose what to trust..though many of thse are scam yet there's plenty of them are legit and trustable

[Hamstead]

yes you are right now there are so many exchange places that exist so you should be able to choose an exchange place that can provide comfort and security and can provide you with lots of profits when you trade.

Yeah,  a lot to choose but it looks like some of them weren't able to comply crypto regularization. And some of them aren't be trusted due to delays in withdrawal and deposit transactions. It really cause troubles especially when there's a lot of traders experiencing the same scenario.

[cryptothreads]

Having too many exchanges are good thing because the competition between the exchanges will do good things to the traders like best support,low fees and lot of others,but not all the exchanges are legit so don't directly deposit your cryptos if you found new exchange,just do some research and know the legitimacy of them before depositing.

It is best to choose the top exchanges because they have the trust of the community and are known around the world. I do not care about the new exchange because really this period there are many exchanges with scam sign and we should not send large sums of money into these exchanges.

[MalcolmBee]

Presently, other people who try to imitate the profits of their associates are searching for the following enormous thing in the market. There are as of now Target and stop when starting a trade: For each trade we must set a clear target level for taking profit and more importantly, a stop-loss level for cutting losses. A Stop-loss is setting the level of loss where the trade will get closed.

[wuvdoll]

Recently i was working on a project related to Altcoin listing on different exchanges. Strange i found out too many new exchanges and people are trading well over there. Don't you guys think there should be limited number of exchanges and regulated ones? (Many new exchanges are nicer too and competitive but there is always a trust issue there specially for new investors). Your thoughts.

I think it is great that there are new exchanges. You should of course take a look at what you are investing with a care because you can't really invest into something that will yield a bad result.

Do not put your money in an exchange you do not trust and never hold too much money in just one exchange, try to diversify your money into multiple trusted good exchanges so even if one of them tries to do something shady like lock your account (even the most trusted exchanges has been known to do this) than you can just continue with others because you were diversified. If you put all of your money (and if your money is like $100k+ or whatever) than you are destined to lose all your money. Specially new exchanges. Keep a low number that you won't care if you lose it in exchanges that are new to the market.

[thuthanh]

The appearance of many Exchange sites by the creation of the site exchange trading site gains too much profit from it. But to test the quality I think it takes time to verify them because sometimes the service is not good.

[kinamotorami]

Yes, there are so many places to exchange. We can not distinguish between good and expensive places. So keep up the good news so that you can choose the best place to exchange. for you

[vutienthanh]

In my opinion, at present, the cryptocurrency market is very bleak. Trading volume shows that all floors can not have large trading numbers. More and more new trading floors are emerging. When the capital inflows were not large, new floors were opened and large floors now have higher trading volume than expected and the number on the coinmarketcap. Before dealing in new floors, people should carefully study the information to avoid risk is not worth it.

[Agapelove]

A lot of exchanges sprouted together with the rising of digital coins. Around 500 exchanges would have been established for the past two years. There's nothing wrong with so many exchanges, actually it makes the competition tightier among them. However, only few of them are really good.

[cryptoblazter]

Too many cryptocurrency exchanges is not an issue. Which offers the best service and has the most secured ones matter. But, don't forget even the big ones are not exempted for hacking. That's the problem with cryptocurrency, there is insurance in exchanges.

[TGD]

Having too many exchanges are good thing because the competition between the exchanges will do good things to the traders like best support,low fees and lot of others,but not all the exchanges are legit so don't directly deposit your cryptos if you found new exchange,just do some research and know the legitimacy of them before depositing.

It is best to choose the top exchanges because they have the trust of the community and are known around the world. I do not care about the new exchange because really this period there are many exchanges with scam sign and we should not send large sums of money into these exchanges.

exactly and the way on how people may treat and know this currency are better also on what we can be able to have this such make this treated to be special as well, new exchanges needs to make a deep research not to be able make a trust easily.