Too many exchanges?

[coine]

too many exchanges and every where exchanges but maybe most safe and easy exchange is only binance  dex are suck to me

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[wayancrypto]

Alot of exchanges is good for crypto industry but all that exchanges should be increase the security level because we have seen alot of case about hacking. New exchanges should be development decentralized exchange with more features so alot of trader will prefer to use it than centralize one.

[septi.JR]

of course it gets better, the more good the cryptocurrency community is, because there are so many choices that we choose, and of course the benefits, this community really develops with active development every month and year

[cydrix]

The more the exchanges the better. Remember not all exchanges succeed and one more thing I knew about some exchange they have fair price for every coin that is listed on their site but the credentials needed to trade in there is so difficult or complicated. And sometimes users tend to keep their identity hidden and rely on easy come easy go exchange sites. I also prefer to keep my identity away for personal reasons. I mean not all or everyone likes the same exchange, we all have different taste or should I say likings so if one cannot satisfy their costumers I'm sure there are tons of it waiting for them.

[sellingleather]

8% of crypto trading volume in February 2019 is allegedly inflated. A new report, published by the data science team of Crypto Integrity, has identified wide-spread malicious practices across top exchanges: OKex, Bit-Z, ZB.COM, CoinBene, LBank, Huobi Global, BW, HitBTC, IDAX, BitMart, CoinTiger. The analysis of order books and trades of selected liquid symbols has shown that on average per symbol 86% of trades and 88% of the volume have been classified as artificial (HitBTC and Huobi excluded). On some symbols the detected fake volume has reached 100% (the details and the methodology are below).

full article here:
https://medium.com/crypto-integrity/fake-volumes-in-cryptocurrency-markets-february-report-fec9329f1f98

[virasog]

At present there are many exchanges and there are also very many who are indeed potentially scams. we really need to be able to choose which one is really suitable for us to choose as percussion for trading and also for large volumes.

Well, its not so hard to choose when it comes to exchanges. Even if you want to choose one exchange, go for Binance. If you need to trade in more than one exchanges the you can go for Bittrex, kucoin etc . You do not need to trade in newly created exchanges or exchanges with low volume. Also there is no incentive in choosing any new exchange as the fee for the trades is almost similar everywhere.

[JohnBitCo]

We are seeing more and more exchanges nowadays. Is it beneficial to the community if we have more of these? What do you think are the benefits and/or the negative impact on having too many exchanges?

I think the more the exchanges we see everyday, the more healthy will be the competition between the exchanges which will actually help the traders or you can say it will be more beneficial for the traders. The only thing to worry is that some people might open exchanges to get the deposits of people and run away with them. We should be careful and do not invest more in new exchanges.

[boris singer]

the amount of exchange will make the variable more attractive in accordance with the objectives of each party, but if it is not proportional to the quality, it will be very weak in gaining volume. But in the end there will be competition that leads to a more popular and reliable market and that's where the real quality will emerge.

[Bitcotalk]

At present there are many exchanges and there are also very many who are indeed potentially scams. we really need to be able to choose which one is really suitable for us to choose as percussion for trading and also for large volumes.

Yes, there are many exchanges around but this is a sign of more threat rather than facility. I think that many of them are scams and will exploit you and your confidence if you put in your money. Better stay stick to the exchanges that have made names that are Coinbase and some other exchanges so one should choose wisely and invest wisely because same goes for the coins you invest in.

[hipSter]

Speaking about the amount of exchanges, I think that it's good for the market. It needs a competition. It's a survival of the fittest.
Of course there is also a negative impact. It's too easy to make a scam exchange and steal your coins. The community needs someone to control all exchanges. Some sort of commission maybe.

[sedahan13]

I think many new exchanges want to follow successfullly of Binance, just less than 1 years Binance become the biggest crypto exchange in the world and they make amillion dolar.  Every exchange will be offer benefits to attrack new users, and that mean will be more competition on the market. More.exchange also mean more new people will join this crypto community.

[BigTeeths]

Who cares? It's still the users who will decide on what exchange they want to use. It's just like games, restaurants or services that you want to use. The one who offers the best experience will of course have a greater demand and will have thousand of users until those ugly and small exchanges will just die and vanish because they know its not working and not making any returns for them.

[Noa_Amable]

We are seeing more and more exchanges nowadays. Is it beneficial to the community if we have more of these? What do you think are the benefits and/or the negative impact on having too many exchanges?

sure, it would be great when they will be united and have the unique liquidity

[jrrsparkles]

If you want to trade big,then you need to choose the exchanges with big trading volumes,you have to verify the trading volume on the exchange you were picking is real of fakes by visitng the trade order history on their trading window.But having many exchanges is good but there maybe some scammers are also there so don't deposit any money at first.

[Aivaryamal]

Each exchanger has its advantages and disadvantages, and has not yet created one where everything you need in one place, so you have to use several

[Caladonian]

I think many new exchanges want to follow successfullly of Binance, just less than 1 years Binance become the biggest crypto exchange in the world and they make amillion dolar.  Every exchange will be offer benefits to attrack new users, and that mean will be more competition on the market. More.exchange also mean more new people will join this crypto community.

That's how mindsets being conditions, those who created new exchange also like to be successful like how binance did, though there's no assurance but
taking the risk and make things possible will lead them to success, for investors and traders, having more chooses can let you pick which will be the best one to liquidate your assets or buy the project that you aiming to hold, while with old and new exchangers, competition will be a big threat around their business so they need to continue satisfying customers needs.

There's advantages that you need to find out while testing or using exchange, make sure to maximize everything for your favor.

[XbladedThanos]

People should just watch-out for some serious scam within the process i think the potential to get scammed real quick have actually raised up in the bar and some exchange can just shut down for no reason at all so watch your back

[Sanitough]

People should just watch-out for some serious scam within the process i think the potential to get scammed real quick have actually raised up in the bar and some exchange can just shut down for no reason at all so watch your back

What people should know is to find the most legit exchanges which I believe not hard to do.
Every investor who can look at the listing of coins in the coinmarketcap should also learn to explore more the uses of the site, like the list of exchanges - https://coinmarketcap.com/rankings/exchanges/, with that link they can already see how big the exchanges are and their reputation if they'll do further research.

[stefany101]

We are seeing more and more exchanges nowadays. Is it beneficial to the community if we have more of these? What do you think are the benefits and/or the negative impact on having too many exchanges?

There are too much crypto exchanges already in this industry where we can trade our coins and tokens where they are listed. I trade on those exchanges which is listed on coinmarketcap, so that I can guarantee that these exchanges are trusted and having much volume of traders daily. As the time passed by, some organizations also want to have their own trading platform.

[jhonjhon]

We are seeing more and more exchanges nowadays. Is it beneficial to the community if we have more of these? What do you think are the benefits and/or the negative impact on having too many exchanges?

There are too much crypto exchanges already in this industry where we can trade our coins and tokens where they are listed. I trade on those exchanges which is listed on coinmarketcap, so that I can guarantee that these exchanges are trusted and having much volume of traders daily. As the time passed by, some organizations also want to have their own trading platform.

If you are participating bounty campaigns, your tokens will not be directly listed in the coinmarketcap, thus the team will listed their tokens to newly existed exchanges while negotiating for the other exchanges. Only the problem is that might this exchanges won't have a huge market volume in which price will drastically dump and it is so sad that it won't recover easily.