New Exchange: Should I trade?

[Renampun]

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 ?

my advice, you should be more careful with new people that you meet in Telegram, not be prejudiced or suspicious of new people but you shouldn't trust 100%.

there are also some people in telegram who chat to me about airdrops and where to exchange it, when I did my own research on the site it turned out that the site-directed at me was a newly created site. I'm just afraid my deposit will get stuck and the site disappears.

[btc-facebook]

I have never heard of it, and in a case like this, I will not try it, because I personally avoid trades that have not large volumes and are not yet well-known.
I am very careful because only I have an obligation on my funds, so do you,
and if the funds are lost no one can replace it, be careful only the best answer I can give you before it's too late.

[Hippocrypto]

Trade on reputable exchanges like binance, kucoin and other trusted decentralized exchange like forkdelta. I wouldn't recommend those new one because some feedback aren't good to hear particular on fake volumes and trading histories, which I think a big dismerit for those so called new exchanges. Although some new trading platforms got good reviews at social media and telegrams, still it's not reliable.

[Kidmat]

Just trade on the popular and good exchange.  Before starting trading make time to search and get feedback on this exchange. As we all know there are many issues like hacking on a certain exchange so be careful and choose a good exchange.

[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.

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.

Of course, you are right. We shouldn't condemn platform just because it's new. I just mean that for me it's easier to trade on platform which has good merits and positive feedback. And i recommend you Monfex just because i've been trading there and can state that it's really reliable platform. Taking my words into account or no - it's only your choice.

[bitbunnny]

With new exchanges we should always be very careful. They have no reputation and it's hard to check the quality of service. Unfortunately many see exchanges as a excellent source of profit and for that reason some of exchanges are funded only to get money out of users on illegal way.
Try to get as much information as you can and do the due dilligence. If you decide to trade start with small amount to test it and try as much features as you can to see how it's working and how is the customer support.
Nevertheless, my recommendation would be to use trusted and reliable exchange with good reviews.

[master122]

You should analysis that exchange by yourself. Cause now many exchanger do scam. Don't do risk with ur own money.

[Crypto Denada]

You better be aware that CFDs are not real bitcoins, that means you could never withdraw, its just a contract between you and the firm.

Better to just trade with real bitcoins

[Maslate]

Just trade on the popular and good exchange.  Before starting trading make time to search and get feedback on this exchange. As we all know there are many issues like hacking on a certain exchange so be careful and choose a good exchange.

Exchange with less volume is not popular and they aren't because they have poor marketing and maybe weak security, that's why people prefer a big exchange like Binance. The question is, if we are trading on a regular basis, what we really need? of course we need liquidity so we can trade all the time and we can see that liquity in big exchange, therefore we should focus trading in big exchange.

Small exchange is good if we like to experiment or maybe buy some shit coins that we think a hidden gem as it's not available in reputable exchange.

[Oyarebu]

As most senior members on this forum had advised, I will like to remind you that, your action to trade with a new exchange is against the ethics of cryptocurrency and against the community you belong as issues of scams have been reported severally on this platform. Any new exchange that has no positive feedbacks or trust ate not to be trusted and not advisable to use.

[Marnihughes82]

If it is me, I will not trade. I do not trust to send my money to new exchanges, too risky. There are many new exchanges being created, but only a few are successful

[Barbut]

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.

[Babyrica0226]

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 ?

Trade always at the exchange that has already known in the market. Avoid those trading platform that are not known yet like what you are asking for right now. It is still best and good to trade at the top 10 exchange at the coinmarketcap dude. Because it is good to trade with the platform that already proven and tested.

[iv4n]

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 ?

Trade always at the exchange that has already known in the market. Avoid those trading platform that are not known yet like what you are asking for right now. It is still best and good to trade at the top 10 exchange at the coinmarketcap dude. Because it is good to trade with the platform that already proven and tested.

If you have fear from new things in crypto, you will always be late for the fun. Instead of running away from new try how to do a proper research, how to test it with some small amount of money, learning how to do that will help you a lot in future.
In crypto I learned that it`s not smart to follow masses! Do the opposite from what majority is doing and you will be very good. That can be applied on trading, when everyone is buying you sell, when everyone is selling you buy, it`s how some people make money in this fluctuations.

[asyakashi]

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 ?

Trade always at the exchange that has already known in the market. Avoid those trading platform that are not known yet like what you are asking for right now. It is still best and good to trade at the top 10 exchange at the coinmarketcap dude. Because it is good to trade with the platform that already proven and tested.

I have a good story with a new exchange.
My friend got 1 Bitcoin from a new exchange, there was an error and one of the coins was pumped up to 600%.
I think monitoring a new exchange for profit is not a mistake.

[super8]

Know about it and starts with low amounts

[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.

Of course, you are right. We shouldn't condemn platform just because it's new. I just mean that for me it's easier to trade on platform which has good merits and positive feedback. And i recommend you Monfex just because i've been trading there and can state that it's really reliable platform. Taking my words into account or no - it's only your choice.

If monfex does give that thing to you then its your choice but you cant force anybody to believe on what you do believe yet majority would really prefer the older
and reputable one rather than using up something which they haven't hear off first.

Peoples mind are sometimes too closed into new thing and due to excessive scams on the market it comes to a point that they don't tend to look back or trying to use up
those new things due for that reason.

[jostorres]

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 ?

Before you think of trading with any exchange you should be sure that the exchanges is very much reliable. There are lots of scam exchanges out there and I believe that you're aware of that. And I do see some scammers that would create an exchange and still be the ones to refer someone to that their exchanges, pretending not to the owners but a random trader that has been making use of the site. That's how you will see some of them post about their site on this forum, and they will create lots of newbies account and be commenting under the post to convince other people to fall for their scam.

Peoples mind are sometimes too closed into new thing and due to excessive scams on the market it comes to a point that they don't tend to look back or trying to use up

I am too closed for new things as it is one of my policy to stay safer against scammers. Unless otherwise I do get enough reasons to try a new services, I am just sticking within my existing services which ensures my security at higher levels.

[thunderbitz2717]

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.

[Lapatai]

When you're looking for an exchange, you must look for liquidity first, volume and how many coins you can trade. In my opinion these things are key for a successful exchange. The design and other front-end things doesn't matter much.