Too many new Exchanges

[cryptorima]

Yeah currently so many new exchange coming. Cause they also want to earn some good profits like big exchange. But some of them really very bad exchange for trader.

[Isiaka208]

Yes i noticed there are too many new exchanges too and i share in your worries too. To be candid, we are going to have trust issues as you dont really know their next moves. Regulations should be stepped up ahead of the future to protect investors funds.

[pkb007]

Too many electronic cash marketplace are frequently invited by people or companies to spend money on projects like Ethereum, that's only a matter of pouring money and doing not anything. also, at the end of the month is to obtain hobby prices up to 50% - 100%, even obtained all through the day. models like this are known as "HYIP" or great-worthwhile investments and 100% are fraudulent, the trouble is handiest sooner or later.

[crypto_Butterfly]

Most of the new exchanges are shady, I even saw few exchanges shut down with people's money, This is a new business for the scammers.

[minairia3]

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.

Regulations are not for crypto but yeah some of them are really controlled by the watchdogs of Anti-money laundering agencies. It must have been really hard to move for those bad guys but hey this is a more freely area for those people that think they are being much charged by the government.

[Ty_ways]

I have had a bitter experience  with one of these new exchanges,  some of these new exchanges  are just looking  for people  token to take away.  I once deposited some tokens in a particular  exchange  after some weeks the exchange website has gone down.  Till date the website  hasn't open and tokens are gone.

[Jahmal32]

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 honestly do not understand why so many exchanges. Perhaps from the point of view of the businessman is a profitable business, so people see this as a good idea to open an exchange. But again, there is no regulation, many even KYC is not required to withdraw a large amount from there. This can be a good channel not only for traders, if not already. Of course, an experienced player will not meddle in any questionable projects where his money will be at risk.

[Dark Sky]

I have had a bitter experience  with one of these new exchanges,  some of these new exchanges  are just looking  for people  token to take away.  I once deposited some tokens in a particular  exchange  after some weeks the exchange website has gone down.  Till date the website  hasn't open and tokens are gone.

Some exchanges are scam and they just think about scamming so people should get proper knowledge about them and then use it for exchange, that's why a lot of exchanges are difficult for people and they cannot trust on them so those exchanges will very good and trusted who works in everywhere.

[Machinery]

Because the exchange places are always more profitable. So now there are too many bad exchanges and almost no one exchanges any coins on it.

If people were smarter, there would be more legitimate exchanges coming online rather than scams. It would become pointless to try, and bitcoin would thrive.
Don't hate the game, hate the players

[satria33]

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.

trust will be a large problem for newcomers, they must prove themselves and more exchanges bring positive competition and individuals tend to choose exchanges at lower costs than large exchanges dominate the market.

[Marcsymon]

Because the exchange places are always more profitable. So now there are too many bad exchanges and almost no one exchanges any coins on it.

If people were smarter, there would be more legitimate exchanges coming online rather than scams. It would become pointless to try, and bitcoin would thrive.
Don't hate the game, hate the players

With the long existence of cryptos, there are many exchangers now build with different services offered to catch investors like. But what we really trust about exchangers are those with more transactions and movements of some great investors that will totally paid off coins in an expensive price.

[Anamika143]

Yes we seen many new exchange market start trading system in this time. Without some market all new exchange market are not good for trading. I heard some market are scam so stay safe from scam market. Before trading you should need know about  the market and next you can trade, it is better for you.

[jovs]

It is not necessary for us to deal with all new exchanger. It is happened that most of traders needs an option on transactiong dealing with incapability in terms of their location and law within their location.

[realBitcoiner]

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 there are more expected exchanges as the years passed by. I think they knew that new exchanges are based only on BTC. It had to be understand that new exchanges needs to be research in order to avoid risk trading. If we see proof that exchanges are existing, it must be sure that 80 percent of it probably to be in your possession.

Yeah it is right the number of exchanges is investing day by day because they think that making money from exchange is very easy than anything else and many of them are just there in the market for scam. They take huge money from people around the world and disappear from the market. You cannot claim your money anywhere. I always use authentic and reliable exchange for my transaction.

[yanesna3]

I think, it doesn't matter if there are a lot of new exchanges because there will be many choices so we can choose and trade in exchangers that have better prices.

No, it matters as some of these exchanges can t be the fake sites. I suppose you should better trust only the old, checked resources. Try not to risk ever better.

[notblox1]

New 'hypes' for scammers are:
1. creating fake scam exchanges
2. creating fake stable coins

Everyone should watch out and investigate every new exchange and its team.
Examine team and ask them many relevant questions.

[Timmzzy]

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.

In my own case I love it when an exchange has the most secure means making business in their platform safety of my funds is something I always wanna look out for before I can decide to bring in my funds, and another problem why all this new Exchangers are coming in is due to the amount some projects will have to pay before they can be listed.

[kapalmabur]

New 'hypes' for scammers are:
1. creating fake scam exchanges
2. creating fake stable coins

Everyone should watch out and investigate every new exchange and its team.
Examine team and ask them many relevant questions.

too many new exchange projects this year, I also have the same thoughts as you where there will be lots of people trying to take the opportunity to make fake ICOs from similar projects, but I have to admit that there are several exchange projects that have the potential to succeed, at least they have strong partners to strengthen their development.

[BitSat]

For me the more exchangers the more opportunity from other coins to release their coin in any exchanges for them to earn a lot of profit and to encourage some of investors to invest in their coin. Tokens arrive and listing on the exchange is necessary for everyone to make a profit. Some people create projects and release it under a beautiful product some people create exchanges and open trade for money these unnecessary and unknown projects it is the Economy and the desire of people to make money on that brings money.

[bennypagulayan]

Today's exchanges bring in quite high profits for investors in exchange places so they have been looking for ways to offer exchanges that are appropriate to the market's problems and the needs of investors.