New Exchange: Should I trade?

[Oyarebu]

I like to try new exchanges, often they have good promotions cause they are new. Good offers always attract more people. Every exchange has something special to offer, fast transactions, trading without kyc, some promotion. I use several exchanges these days, idex market, crex24, vinex and I exchange some currencies in my atomic wallet, they have a nice promotion for that. Depending on the coin I`m focused I use that exchange.

I'm kinda afraid of new exchanges. Safety is main point for me.

Not only you mate, no one in their right senses will go for a new exchange without any research because many of these exchanges are scams exchanges if not proven Worthy. Personally am very skeptical about new exchange or new gambling platforms because without any good proves from them to be trustworthy they may end up scam investors or gamblers with their funds. Giving a try in new exchanges to me is suicidal.

[Williams_Leo]

If you want to trade with a reliable exchange you must look and check the latest top exchange at the coinmarketcap.
At least with these platform you can minimize you risk and lessen your doubt about using the reliable platform.

Exactly, if we don't want to be at risk or worry and doubt about the service we are using, choosing reliable trading platforms is an appropriate choice, and reliable platforms are always listed very high on coinmarketcap as you said, the volume and a lot of information about them is enough for us to stop worrying. With current new exchanges being discouraged because we should understand that this service is very competitive, the old exchange will try to eliminate their rivals, if we participate in an new exchange, volume will be very low and there is no chance for us to earn money

[TelolettOm]

Usually in new exchanges there are many offers to be able to attract traders to try out the features in their exchanges and there will be lots of bonuses. but indeed as a trader must really choose the exchage in terms of security and good volume to support trading in addition to existing bonuses and events

[lixer]

If you want to trade with a reliable exchange you must look and check the latest top exchange at the coinmarketcap.
At least with these platform you can minimize you risk and lessen your doubt about using the reliable platform.

Not a bad advice and not a bad idea, but I ask you, how do we want the new exchange to grow then? Imagine that you have passion to own an exchange, and then you have tried everything possible to put all the features that would make people’s trade on it a success and then you release it, who will test it or use it or start it to make it begging to expand if we want everyone that comes for exchange to always go for top exchange.

These top exchanges are already big and honestly, they don’t need us again, it is high time that we stop creating monopoly for them on our own and then embrace some of this new exchange that is good. We just have to research and make sure that the exchange is a trust worthy one, that is all, and then we give them a try if we find them worthy.

[PuertoLibre]

If you want to trade with a reliable exchange you must look and check the latest top exchange at the coinmarketcap.
At least with these platform you can minimize you risk and lessen your doubt about using the reliable platform.

Not a bad advice and not a bad idea, but I ask you, how do we want the new exchange to grow then? Imagine that you have passion to own an exchange, and then you have tried everything possible to put all the features that would make people’s trade on it a success and then you release it, who will test it or use it or start it to make it begging to expand if we want everyone that comes for exchange to always go for top exchange.

These top exchanges are already big and honestly, they don’t need us again, it is high time that we stop creating monopoly for them on our own and then embrace some of this new exchange that is good. We just have to research and make sure that the exchange is a trust worthy one, that is all, and then we give them a try if we find them worthy.

Yes that is right. There are good exchanges out there that could be very good for you compared to the new exchanges. The old ones are pretty much reviewed and you could have an insight into how great their service is which is not something you can see in the new exchanges. Better be part of Binance which is super famous in the market and has been the top one.

Good exchanges are the well-known ones not surprisingly, new exchanges have a different view on the trading and crypto markets. IEOs are the central interest connection of the best exchanges, new exchanges can't even compete for choosing the profitable projects. They want to create a tool for trading financial markets but they also fail to the competitor as it was written on hidden rules of any market.

[Distinctin]

Usually in new exchanges there are many offers to be able to attract traders to try out the features in their exchanges and there will be lots of bonuses. but indeed as a trader must really choose the exchage in terms of security and good volume to support trading in addition to existing bonuses and events

That's normal, but you should evaluate if you can take that bonus and sacrifice for the higher risk.

New exchange is high risk because they haven't proven themselves yet, the trading industry is big, we have a lot of exchanges here, so it's better if we only trade on exchange that we believe it's reputable and we have been using it for several years, also old exchanges have bonuses as well for new sign ups and a good exchange do that to stay in the competition.

[Black Coffee]

I don't think it's right for us to trade on new exchange, because we don't know whether the exchange is safe? and don't easily trust someone through a telegram, they could be scammers. so always be careful every step of the way

[xamxam]

Hello everyone, I saw a new CFD trading platform for cryptocurrency. (www.mavsecure.com) I met a guy in TG and he referred me. So, how safe is to trade in CFD platforms? Is it profitable ?

Don't just easily get attract with the new exchange, instead make a proper research first before entering to its platform.
There's nothing wrong if you check or investigate it before anything else. But of course, in the end the decision will still be yours
anyway.

[coinhunt]

I can’t reach the site, so I think that the link is broken. I found it’s a page on LinkedIn – https://www.linkedin.com/company/mavsecure. For me, the link still doesn’t work. Maybe this platform is unavailable in my location.