Too many exchanges?

[Free1bitco.in]

The more exchanges, the better for the whole digital market, because everyone will try to offer the best tools that can be convenient for both beginners and professionals, the competition gives rise to the best!

More exchanges will be beneficial for us but at the same time, we have to find the security about those exchange because we are seeing many fake exchanges launching which they cannot able to generate the volumes. We have to be very selective in choosing the exchanges.

right, with the many existing exchanges, it will certainly make a healthy relationship between the exchanges. by choosing the best and reliable exchange will certainly provide good service for us to avoid fraud

a lot of exchanger now, because they know that making an exchanger is indeed profitable. it's just that we need to watch out for less-known exchangers. for now, I only intend to exchange at binance, because I think it is the best market at the moment.

[Vitalicus]

The more exchanges, the better for the whole digital market, because everyone will try to offer the best tools that can be convenient for both beginners and professionals, the competition gives rise to the best!

More exchanges will be beneficial for us but at the same time, we have to find the security about those exchange because we are seeing many fake exchanges launching which they cannot able to generate the volumes. We have to be very selective in choosing the exchanges.

right, with the many existing exchanges, it will certainly make a healthy relationship between the exchanges. by choosing the best and reliable exchange will certainly provide good service for us to avoid fraud

a lot of exchanger now, because they know that making an exchanger is indeed profitable. it's just that we need to watch out for less-known exchangers. for now, I only intend to exchange at binance, because I think it is the best market at the moment.

Binance is a favorite exchange of many investors and this is also the best liquidity place if you have a large amount of money because the trading volume at this exchange is always very high. In fact, the volatility of many big coins has made me a big profit and if you have a smart investment strategy, Binance will be the choice you need to consider in the near future because every day has a lot of coins increase by more than 30% and if you choose a good coin for long-term investment, your profits will increase very high

[janggernaut]

right, with the many existing exchanges, it will certainly make a healthy relationship between the exchanges. by choosing the best and reliable exchange will certainly provide good service for us to avoid fraud

They aren't building their relationship between exchange sites. Who in the world want to share their money with their competitor? The fact is they want to kill other exchanges/competitor, so they will earn more money while people keep using their site.
When you are choosing a site, you will keep using that site and abandon other site, aren't you?

[XDAT Official]

Even if there are multiple exchanges, there might be many offering diverse features that others might not be offering. More importantly, newcomers must filter out those exchanges that are a regulation complaint. As more countries are entering into this zone. Compliance is a necessary evil. Exchanges that are amping their security measures to better secure their users from hackers and cyber thefts. Te ones that serve their users best are the ones that will survive the revolution. For instance, XDAT is investing in ISO 27001 to better secure our users. We also comply by compliance standards laid down by MFSA in Malta, that makes our exchange one of the most secured ones to perform trades on.

[desticy]

The more exchangers, the better for the whole digital market, because everyone will try to offer the best tools that can be convenient for both beginners and professionals, the competition gives rise to the best!

This is just the tip of the iceberg. As a result, we get a huge number of exchanges on which there are no real people, but there are bots that infinitely wind up exchange volumes.

[BitcoinHunt3r]

The more exchangers, the better for the whole digital market, because everyone will try to offer the best tools that can be convenient for both beginners and professionals, the competition gives rise to the best!

This is just the tip of the iceberg. As a result, we get a huge number of exchanges on which there are no real people, but there are bots that infinitely wind up exchange volumes.

I always keep aware with it. Because if we look carefully, some exchanger have big volume because of bot. Maybe need more attention from other traders so that people not easily fill exchanger with bots.

[Botnake]

The more exchangers, the better for the whole digital market, because everyone will try to offer the best tools that can be convenient for both beginners and professionals, the competition gives rise to the best!

This is just the tip of the iceberg. As a result, we get a huge number of exchanges on which there are no real people, but there are bots that infinitely wind up exchange volumes.

As a trader continues with his journey, he will be aware of these things.

With hundreds if not thousands of exchange in the space, only few can really be trusted, but I guess people are only patronizing the legit and the high volume exchange.

The top 50 exchanges (https://coinmarketcap.com/rankings/exchanges/) in the market already own more than 50% of the entire trading volume, that means the rest of the exchanges (hundreds or thousands) are very low volume.

[yvesp110]

The more exchangers, the better for the whole digital market, because everyone will try to offer the best tools that can be convenient for both beginners and professionals, the competition gives rise to the best!

This is just the tip of the iceberg. As a result, we get a huge number of exchanges on which there are no real people, but there are bots that infinitely wind up exchange volumes.

This statement has two possible ways of answering. You may be confused in deciding to start with a good exchange or you are concerned about the fake exchanges around. It is an excellent way to find a solution for this problem. If you want to get rid of all the issues you must start with leading exchanges, if you don’t know of leading ones you should search it. Don’t worry about other exchanges which are unfamiliar to you.

[Thermytee]

This proliferation of exchanges is getting crazier. Seen some new ones and wonder how they plan to sustain not to talk of grow the exchange. This is where regulations is needed. Some are Dex and others are CEX yet some have little or no volume. For this kind of exchange, security's a big issue as hackers know that they came colour vulnerability to hack as much as they can. It becomes worse if you leave funds on this new exchanges.

[Aivaryamal]

Now really there are more and more exchangers and you need to choose the most convenient for each and preferably hybrid options that combine the quality of both centralized and decentralized direction

[sgenuine]

The more exchanges, the better for the whole digital market, because everyone will try to offer the best tools that can be convenient for both beginners and professionals, the competition gives rise to the best!

More exchanges will be beneficial for us but at the same time, we have to find the security about those exchange because we are seeing many fake exchanges launching which they cannot able to generate the volumes. We have to be very selective in choosing the exchanges.

right, with the many existing exchanges, it will certainly make a healthy relationship between the exchanges. by choosing the best and reliable exchange will certainly provide good service for us to avoid fraud

Certain exchanges are available only for some countries, and the rates there are very good. Therefore, I see here only pluses - the more exchanges we have, the more options we get. We do have a choice.

[yvesp110]

Now really there are more and more exchangers and you need to choose the most convenient for each and preferably hybrid options that combine the quality of both centralized and decentralized direction

A very good suggestion and I am also working in the same way. Almost all exchanges are working super excellent because they are in competition and want to increase market cap. But we have to choose the most relevant that depends on you from where you are. Exchanges also offer multiple language facility and that is also a feature which may attract you to start trading on the same exchange.

[pinkpanther03]

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?

It doesn't matter if there are lot of exchange in cryptocurrency, for what matters is that you earn in the exchange. But as much as possible it is good to trade coins at the exchange on which are always on top 20 at least, due to it is really an advantage if the coins is listed in that platform, I assured you on that.

[shoreno]

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?

It doesn't matter if there are lot of exchange in cryptocurrency, for what matters is that you earn in the exchange. But as much as possible it is good to trade coins at the exchange on which are always on top 20 at least, due to it is really an advantage if the coins is listed in that platform, I assured you on that.

it  doesnt matter ? of course it does matter because if there were too many exchanges we can also expect that most of these are only scam or have a bad service  , so instead of wasting our time trying those  , why cant we just have a few exchanges that is legit and already trusted  . in that way veteran and newbie traders are safe everytime they trade thier coins  .

is good to trade coins at the exchange on which are always on top 20 at least, due to it is really an advantage if the coins is listed in that platform

some coins especially those coins that you can only get on an airdrops and on a bounties are usually listed on the unrated exchange or on the exchange that are not on the top list  .

[maldini]

The more exchangers, the better for the whole digital market, because everyone will try to offer the best tools that can be convenient for both beginners and professionals, the competition gives rise to the best!

This is just the tip of the iceberg. As a result, we get a huge number of exchanges on which there are no real people, but there are bots that infinitely wind up exchange volumes.

Such exchanges mean not having sufficient competitiveness with other exchanges. But I don't think we need to worry about this kind of exchange because it won't be able to manipulate the market. Actually, traders will surely know that trading is full of bots like that, which is clear they won't use such an exchange.

[mersal]

But there are not too many good exchanges available.

Anyway having many exchanges is good but lot of scam exchanges intrude as well so we need to skip scam exchange and start using legit exchanges.

[Barbut]

But there are not too many good exchanges available.

Anyway having many exchanges is good but lot of scam exchanges intrude as well so we need to skip scam exchange and start using legit exchanges.

Many of them are good, but people still don't know about them. There are many exchanges, and there will be many more in the future. Now more than ever we have dapps, and I`m more active there than on some centralized exchange. People should pay more attention to decentralized services, easy to use, without the need for KYC, you have your funds in the wallet all the time, security is better for sure.

[geegaw]

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?

It doesn't matter if there are lot of exchange in cryptocurrency, for what matters is that you earn in the exchange. But as much as possible it is good to trade coins at the exchange on which are always on top 20 at least, due to it is really an advantage if the coins is listed in that platform, I assured you on that.

Indeed, more exchanges are not really a big deal, it is even a good thing for the market and for us because we should understand that if there are only old exchanges, competition is not too high, exchanges will not grow when they do not feel danger from competition, but when there are new exchanges, security and more features will be launched to compete for market position. In addition, the new exchanges will provide the opportunity listed for the projects, we will have more rewards if selecting the right projects.

[mersal]

But there are not too many good exchanges available.

Anyway having many exchanges is good but lot of scam exchanges intrude as well so we need to skip scam exchange and start using legit exchanges.

Many of them are good, but people still don't know about them. There are many exchanges, and there will be many more in the future. Now more than ever we have dapps, and I`m more active there than on some centralized exchange. People should pay more attention to decentralized services, easy to use, without the need for KYC, you have your funds in the wallet all the time, security is better for sure.

Maybe good but not too many of the exchanges having liquidity as we wanted so we may have to wait longer for our trades to be completed but if we go with more reputed exchange then we will get done in minutes if we set the price near to the current value.

And also we don't have much anonymous exchange which can instantly exchange the main coins,if we have some it will be a good thing.

[semobo]

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?

the confusion is only happening in the difficult situation otherwise the choices are always important if it was not useful or not suitable for us then we can make the changes in our exchange that's why too many exchanges is also helpful in sometimes but we have to select the right one in all the time.