New Exchange: Should I trade?

[BitHodlerDog]

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 ?

[Wind_FURY]

Trade with real Bitcoins, or if you want to trade contracts for difference, trade in an exchange that allows you to buy and sell Bitcoins with leverage.

[BitHodler]

Telegram is full of paid shills trying to make themselves worth the money services pay them. I would stick to the reputable ones because that's the best way to avoid getting sucked into a scam.

I'm not saying the site that has been recommended to you is a scam, but your funds are on the line, so better be cautious. If you're really interested in CFD trading, use Robinhood or eToro, both reputable and reliable platforms.

If you think you're ready to go one step ahead and you have coins already, you could choose to go with BitMEX, but ONLY if you are familiar with leverage trading. If not, then stick to the aforementioned platforms.

[BitHodlerDog]

Trade with real Bitcoins, or if you want to trade contracts for difference, trade in an exchange that allows you to buy and sell Bitcoins with leverage.

Yes, they are offering leverage based on accounts.

[BitHodlerDog]

Telegram is full of paid shills trying to make themselves worth the money services pay them. I would stick to the reputable ones because that's the best way to avoid getting sucked into a scam.

I'm not saying the site that has been recommended to you is a scam, but your funds are on the line, so better be cautious. If you're really interested in CFD trading, use Robinhood or eToro, both reputable and reliable platforms.

If you think you're ready to go one step ahead and you have coins already, you could choose to go with BitMEX, but ONLY if you are familiar with leverage trading. If not, then stick to the aforementioned platforms.

You are 100% true and I agree with your points. I am just planning to explore new platforms, I am learning to trade on Bitmex too.

[vixcious]

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 ?

New trading floors are often not secure enough to trade. In addition, transaction fees are not much cheaper than large trading floors. So I recommend you still choose the good trading platform and especially good about security array. We always need security when trading.

[daviidalpert]

I don't think you should trade.We don't know if the new exchange is safe.And the trading volume of the new exchange is very small.

[mk4]

If I we're to look for an exchange to trade on, the last place that I would look for suggestions is on telegram. Majority of the telegram communities are basically a breeding ground for scammers.

Tell you what. Pick an exchange here instead, preferably the top exchanges: https://coinmarketcap.com/currencies/bitcoin/#markets

[maemunah]

I don't think you should trade.We don't know if the new exchange is safe.And the trading volume of the new exchange is very small.

absolutely right the most important thing is that we already have high-potential coins to sell when the market has started to be normal, so if in my opinion now it is better to hold than to do daily trading

[Wind_FURY]

Trade with real Bitcoins, or if you want to trade contracts for difference, trade in an exchange that allows you to buy and sell Bitcoins with leverage.

Yes, they are offering leverage based on accounts.

I know, but you are not trading real Bitcoins. Trading Bitcoin CFDs are trading the movements of its price which, in my opinion, is fine if you can keep your profits in Bitcoin and withdraw them to your wallet.

[Lakai01]

In times like these I would never trust anyone when it comes to my funds, especially not via Telegram. This service is full of scamers trying to get your money. If you really want to trade on this site I would invest the lowest amount possible at the beginning!

[BitHodlerDog]

In times like these I would never trust anyone when it comes to my funds, especially not via Telegram. This service is full of scamers trying to get your money. If you really want to trade on this site I would invest the lowest amount possible at the beginning!

Yes, you are right. Most of them pop up with lots of scam scheme. I am just trying with the bonus money not depositing.

[metribitcoin]

The level risk of CFDs trading is higher than spot trading because that CFDs use leverage. For the beginer trader is better dont jump in to this trading platform and much better more focus trade on spot market. Many newbie trader first jump in to leverage trading and finally they loss much money, so avoid leverage trading if you are new in trading.

[BitHodlerDog]

The level risk of CFDs trading is higher than spot trading because that CFDs use leverage. For the beginer trader is better dont jump in to this trading platform and much better more focus trade on spot market. Many newbie trader first jump in to leverage trading and finally they loss much money, so avoid leverage trading if you are new in trading.

I have been trading in binance but not in margin trading/ CFD trading platforms.

[Sylvial]

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 ?

Telegram is filled with shills that are paid to spam different groups. I'll be weary of a recommended exchange by a random person on telegram. Leveraged trading is what those guys offer, and I'll advise you venture into it an amount you're willing to lose should anything go wrong. Leveraged is risky and could rekt you easily, so be careful.

[Lighthouze]

Telegram is replete with shillers. You'll be surprised that guy is yet to even try out the exchange, but he's busy shilling it because he's paid to do so. Before you venture into it, know that it's not the basic trading you'll be doing on there. What they do is leverage trading and I'll advice you do that Bitmex which is more popular in the space already

[gtcms]

I am trading on BitMEX, and opened second account on BitSeven (bitseven.com). They both have a lot of advantages and are quite reliable. And there are much more better conditions to trade on these cryptocurriency trading platforms than trading with majority of cfd-brokers.

[cryptothreads]

In times like these I would never trust anyone when it comes to my funds, especially not via Telegram. This service is full of scamers trying to get your money. If you really want to trade on this site I would invest the lowest amount possible at the beginning!

It is best not to trust anyone in this market because the risk is enormous. The value of the penny has dropped a lot and you just need to consider your crypto investment. I often do not like the news on the telegram because it is completely forged and can cost us money

[cryptocointrade.com]

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 ?

For CFD trading the platforms and their affiliates now have to announce this:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of the retail investor, accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

I would choose a traditional and well known CFD broker if I was you. There are eToro, Avatrade, Markets, and Plus500 for instance.

You can read reviews about them on www.cryptocointrade.com

[Evil eye]

Firstly you should know about new exchange. If the exchange website is secure then you can trade. Because now many new exchange is scam, we seen already. So use before new exchange know about all things.