New Exchange: Should I trade?

[Caladonian]

Why do you want a new exchange? that may be unreliable and you will lose your money through it, There are many reliable exchanges that advise you to trade your currencies through them safely OKEx, DigiFinex and Binance They are among the best cryptocurrency exchanges, If you are a beginner in trading, I do not recommend CFD platforms.

Being careful is one of the best attitude inside this market, why would you take any risk in something that you are not familiar with, unless you are a explorer and a risky type of a trader, and you are willing to spare some money to try your luck with new exchange, there's no issue using or trying
the service as long as you are open and you are willing to take chances, always begin with money you can afford to let go.

[n0ne]

Going through the trading website it is possible to find the legitimacy. Also with exchanges there is not much of scams, most won't be successful just because they won't be having good trading volume on different cryptocurrencies. The trust on the exchange gets faded when some form of security breach takes place making people loss a huge fund as exchanges have their own terms of service describing loss through any means is not responsible by them.

[bcoinseliot]

CFD trading for cryptocurrencies is the profitable type of trading that allows earning money on rising and falling markets. The advantage of this technique is that you don’t even need to own the cryptocurrency but predict correctly the price changes of the cryptocurrency. Any kind of trading can’t be safe by definition because it is aimed at price speculation and always involves some level of risk.
One of the key concepts you need to know about CFD trading is the leverage that is both benefit and disadvantage at the same time. You can deposit a small percentage, it could be 10% of the trade’s value but still gain a 100% reward if you predict the price movement correctly. So trading on margin multiple your returns, but if you lose, your losses are magnified as well.
Many CFDs allow you to open contracts on crypto to fiat, but some providers also offer crypto/crypto CFD like for example new platform CEX Broker - https://cexbro.com/. I think it should be a good broker because I had a great experience with cex, the company that launched it. Anyway, it’s definitely not a scam.

[miningguru]

It is not a good idea to trade in new exchange because we don't how their strategy and listing work. So it is always good to work with the most reputable exchange because they have already listed very good for trading then we should show interest towards new exchanges.

[jonhn772]

First of all you need to know about everything of new exchange that you want to use for trade. Cause there have so many new scam exchanges. Don't forget about this all otherwise you will get in touch with scamers.

[Wakhid Mukti]

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 ?

I just found out there is a new CFD platform that offers many choices. However, in order to avoid scam cases that are rife, it is better to use a leading exchange / CFD platform. To play CFD, I usually use Bitmex.

[Gheka]

It is not a good idea to trade in new exchange because we don't how their strategy and listing work. So it is always good to work with the most reputable exchange because they have already listed very good for trading then we should show interest towards new exchanges.

Of course, it is always an unwise idea, these new exchanges always have many errors because their development and plans are only in the update phase, which means we will become their experiments, our use process will be the foundation for them to grow. And trading is a serious job and we are making money through it, I don't think we have time to do experiments for them, most importantly we can lose in the process, So choosing reputable exchanges is still really good choices when we want to make money, new exchanges are only for those who want to seek innovation in technology

[jony35490]

New exchange is always risky for traders. I will suggest you don’t use any new exchange without proper idea about that exchange.       

[Ipwich]

First of all you need to know about everything of new exchange that you want to use for trade. Cause there have so many new scam exchanges. Don't forget about this all otherwise you will get in touch with scamers.

Most of the good exchanges are being discuss here in the forum, I don't know if they have an ANN thread but most likely they have.
The reason we use old are reputable exchanges is to ensure our assets are well safeguard and old exchange are more liquid than the new one, so why are we trading in a new exchange where most likely some of the coins are just shit coins.

[bonker]

New exchange is always risky for traders. I will suggest you don’t use any new exchange without proper idea about that exchange.       

Go and see review about that exchange first if you want to use any new exchange and if they got good reviews then find their trading volume is real or fake and when they got decent trading volume then you can use that exchange.

[Osarman]

First of all you need to know about everything of new exchange that you want to use for trade. Cause there have so many new scam exchanges. Don't forget about this all otherwise you will get in touch with scamers.

Most of the good exchanges are being discuss here in the forum, I don't know if they have an ANN thread but most likely they have.
The reason we use old are reputable exchanges is to ensure our assets are well safeguard and old exchange are more liquid than the new one, so why are we trading in a new exchange where most likely some of the coins are just shit coins.

Normally the reviews about a particular platform give you an insight into the status of the platform. The reviews could not be genuine in different occasions so another way to see if the digital platform is okay is the user base of the platform. See if they have great number of users like we have in Binance and in Coinbase. This is something that can help you decide whether or not to go for a platform.

[TopT3ns]

New exchange is always risky for traders. I will suggest you don’t use any new exchange without proper idea about that exchange.       

Go and see review about that exchange first if you want to use any new exchange and if they got good reviews then find their trading volume is real or fake and when they got decent trading volume then you can use that exchange.

Everything is about community's reviews. New exchange with a little review must be concerned when we want to trade in there. Maybe it will need time, but build reputation is something important for any exchangers.

[XCANA]

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 ?

Will advise never to trade on new platforms either, exchange or gambling platforms because, there's a possibility of be scam. Ensure you carryout your trade on an existing exchange platforms, where your coins or tokens can be kept safe. Most of these newly launch platforms, are prone to scams and we should avoid them by all means to keep safe.

[Kelvinid]

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 ?

Will advise never to trade on new platforms either, exchange or gambling platforms because, there's a possibility of be scam. Ensure you carryout your trade on an existing exchange platforms, where your coins or tokens can be kept safe. Most of these newly launch platforms, are prone to scams and we should avoid them by all means to keep safe.

Not all new exchanges we're just scam only, some of them can be trusted also but the fact that most of them were full of shit, it certainly affects with the others. We can't blame those people won't trust easily for the new exchanges as they have a bad experience before, but maybe we have to open our mind also and not just to judge as a whole.

[kennen1113]

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 ?

Will advise never to trade on new platforms either, exchange or gambling platforms because, there's a possibility of be scam. Ensure you carryout your trade on an existing exchange platforms, where your coins or tokens can be kept safe. Most of these newly launch platforms, are prone to scams and we should avoid them by all means to keep safe.

Not all new exchanges we're just scam only, some of them can be trusted also but the fact that most of them were full of shit, it certainly affects with the others. We can't blame those people won't trust easily for the new exchanges as they have a bad experience before, but maybe we have to open our mind also and not just to judge as a whole.

Agree with you, although the new exchanges in the market are pretty bad and lots of scams, it still has some good exchanges, so we can't judge them in such a subjective way and good here does not mean that they are full of features and support like big and reputable exchanges. Good here is only the level that we can use and can consider for participation in the next time, ignoring them immediately is something that should not be done, they need us to grow, the money to participate in new exchanges is not so much

[moynul2050]

It is not a good idea to trade in new exchange because we don't how their strategy and listing work. So it is always good to work with the most reputable exchange because they have already listed very good for trading then we should show interest towards new exchanges.

not all new exchangers we have to suspect, although in general they cannot be trusted but this can also be a good idea when the new exchanger has a team of experienced developers.

[Bitcotalk]

It is not a good idea to trade in new exchange because we don't how their strategy and listing work. So it is always good to work with the most reputable exchange because they have already listed very good for trading then we should show interest towards new exchanges.

not all new exchangers we have to suspect, although in general they cannot be trusted but this can also be a good idea when the new exchanger has a team of experienced developers.

This is a good idea to think about the famous digital exchanges in crypto space if you intend to invest and trade. New exchanges might be good as well but people generally tend to prefer the best exchanges and Binance and Coinbase sounds to be some of the best exchanges out there. Users over here make more money that on any other exchange so try to focus here.

[katerina5643]

I think trade on new platforms is kinda risky.So i would recommend you to use reputable sources.

Personally i trade on Monfex.Check it out.

[SirLancelot]

I think trade on new platforms is kinda risky.So i would recommend you to use reputable sources.

Personally i trade on Monfex.Check it out.

It may not necessarily be risky, those reputable exchanges you are speaking of also started from somewhere too, look at when Binance came out, if people has not given them chances despite the fact that we had lots of reputable exchanges in the market then, would they have been where they are today? Or would we have known that they have this potential and would also be the savior of crowd funding market with their IEO innovation.

We should stop condemning some of these new platforms, we can only advise them to be careful and not start with so much money first. This exchange you even talked about here is also new to me and I feel you are just trying to promote it, what id people have that same mentality of this platform too? Would you ever get any volume for it?

[Lanatsa]

I think trade on new platforms is kinda risky.So i would recommend you to use reputable sources.

Personally i trade on Monfex.Check it out.

It may not necessarily be risky, those reputable exchanges you are speaking of also started from somewhere too, look at when Binance came out, if people has not given them chances despite the fact that we had lots of reputable exchanges in the market then, would they have been where they are today? Or would we have known that they have this potential and would also be the savior of crowd funding market with their IEO innovation.

We should stop condemning some of these new platforms, we can only advise them to be careful and not start with so much money first. This exchange you even talked about here is also new to me and I feel you are just trying to promote it, what id people have that same mentality of this platform too? Would you ever get any volume for it?

Anything on this world do start on the beginning as you said we should not condemn generally if we do see new platforms in the market on not to be successful because we wouldn't know on what lies ahead.

I remember those years where Binance was just new, it do get the same insights and been compared to those reputable exchange that time but look at we now, where binance is one of the top spot.