Too many new Exchanges

[bitcoinisbest]

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.

Always choose the best exchange which is old and recognized and do not have any history of people facing any issue on their exchange regarding withdrawal/deposits etc. This will help you to stay away fro the scam sites as well and can be assured that your money is quite safe.

[Tanya78]

Exchanges are also fraudulent or too large commission .... For this I use only those exchanges that have already been personally verified.

[Oilacris]

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.

On most of the time, new exchangers cant really be easily entrusted but it isn't really bad for you to test it out with small amounts.Just like what happened on the thing I have done when binance was just starting up.I did make some test up and it do really meet my needs when it comes to trading together with their good service.Then look at it now? Its now on the top exchange as of this moment.

[Ompyon]

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.

Interesting opinion, if we are not really familiar with the market, we should not enter it, because of the many markets there are certainly not all that good, so we have to choose a market that is really good and well-known

[barsharkol12]

i have seen a lot of new exchange too. but i think regarding on the trust issues you can see the transactions made by that exchange and also people who are talking about a certain exchange, there a lot of new exchange coming this year because crypto currency grows bigger and bigger.

[katuhakuh]

Yes, these days, there are many exchanges and we have to be careful when choosing. This is a multibillion-dollar industry now so I'm not surprised but exchanges are born every month or so. All he does is get investors and trade on their website.

[alval]

to limit the existence of new exchanges at this moment is hard to realize. according to the current situation that it's free for everyone conducting cryptocurrency exchanging.
we don't say cryptocurrency are free to explore it without any limitation and regulations. if it limited the exchange that will generate other issues such as monopoly that can burdensome crypto traders/crypto investors, the arbitrary fee amount is one of the most fearest, and then it slowly close potential growth of cryptocurrency, the emergence of various exchange surely easier the access everyone to achieve and get cryptocurrency. indeed, there is a bad quality exchange that prejudice the investors. the regulation is assured but the limitation is hard to realize. that my thought

[quality.crypto]

I don't know why people are bothering about the new exchanges, already we have many old exchanges where we can trade the coins without any problem. Of course, new exchange will keep on launching from different parts of the world but we have to go with the old ones because they are already in online for more than 1 year.

[Duogembrot]

yes you are right now there are lots of exchange places and you must be able to choose a place of exchange that can give you a lot of profits and must have a very high level of security.

[bittraffic]

There are lot more exchange that will be built later on, it ain't just the current. More DEX will be created too and we may not know some of them are government controlled which they are only monitoring illegal activities. i don't think we could ever have enough exchanges to the more the merrier and the merrier the better.

[noictib]

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.

Actually it is better for us that we have options to work at multiple exchange trading , because these leads into better competition and better features for us and also these helps us to do arbitrage trading .
As we heard in the past the few exchange got hacked by the hackers and in that case they needed to hold all the trade and money in the trading exchange or they get scammed by the hackers with a big amount of money , that why users faces lots of problems and fear .
So if lots of numbers of the exchange will available then in that case everyone will try to make Thier exchange at better level of high security and better better option to do trade to attract the users , so this will give a better result for us to have safety with our money .
And also due to availability of the numbers of the exchange , we will be able to have different coins at different price at some particular interval of time and in that case we will be able to make profit by arbitratge trading .
And also due to availability of the lots of exchange there may be chances that they can show the confirmed deposit in 1 confirmation of the transaction ( which is currently about 3 atleast ) and in that way we will be able to do trading more fastly in case we have BTC or any another coin at our outside wallet .

[Shazxdx]

Thank you all for your feedback and responses. It was informative reading all comments. cheers guys  

[coldplay3r30]

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.

his name is also in the business world, of course there is always something new, I think with new exchanges, infestor has many choices in doing business, so many choices of altcoins are becoming increasingly competitive in price and product quality competition. then we should be able to master and participate in the advancement of digital currencies. and of course in the future more projects will be offered.

[MarchToke]

With the presence of new crypto exchanges, i am more happy today than yesterday because i can have several options already to choose from to sell my cryptocurrency. With that, i also believe that competition between these crypto exchanges can somehow lessen the transaction fee made on their crypto exchanger.

[mejalipat]

I think with so many exchangers it would be better because we have the opportunity to be able to choose better exchangers and have better prices, we will also be easier to sell coins that we have

[joshuarose]

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.

To be honest, new exchanges have emerged to fill projects that are not able to register at large exchanges such as Binance Okek and Kucoin, so it's better to make a new exchange to appreciate the new project that works.

[johnwest]

I see at least 1 new exchange every week pitching their idea or how they can improve market. I think many of them may not succeed but some are very much potential like Kubitx.

[MrPao]

No matter how many new exchanges I have, I will still choose to trade on my most trusted trading platform! For the new platform, I will observe it for a while before considering whether to buy it!

[OrangeII]

I see at least 1 new exchange every week pitching their idea or how they can improve market. I think many of them may not succeed but some are very much potential like Kubitx.

well, we we are very natural. even now there are so many ICOs that make projects about the market for crypto. although many, of course new markets have advantages, such as offering coins for anyone who joins, or trading in their markets. Well, I think that competition will continue to emerge.

[Bacchu]

Exchange platform or project is a good business. they earn huge money daily. if you think about Binance you would be surprised. read this: https://cryptobriefing.com/raining-cash-binance/ & https://news.bitcoin.com/crypto-exchange-binance-expects-up-to-1-billion-profit-in-2018/ I think so why people crazy about the exchange site and they also want to be an owner of the exchange site.