What can you say about these exchanges? Are there any problems?

[GreatArkansas]

The only ones I tried to use are AscendEX and Crypto.com - So far from these 2 exchanges I tried before, they are all good. I was able to deposit and withdraw my funds.
But right now I don't use them anymore, I think it was last year I tried these 2 exchanges.

I'm surprised there are still other exchanges avaialble, not sure if all of the exchanges from the list are legit.

[Mahanton]

OP already said they purposely omitted binance and other popular exchanges, because they wanted to get an idea about exchanges that are not so popular, though i don't think it is a good idea to be interested in new or unknown exchanges. That said, it must also be pointed out that any exchange can seize ones coins, even the popular exchanges. So even though they are a better option, one must use them with the idea that they can possibly lock you out of your funds.

One strategy I will always say is never ever use all this unknown exchanges or rather all this exchanges without much liquidity should only be visited only when they are the last resort to be sorted, personally I think the best option has always been the larger exchanges with much liquidity although they are not also immune to hacks because we saw very big exchanges like FTX, Mt. Gox got into trouble one time, but it’s better to trade on bigger exchanges because of liquidity.

One the list by OP there are many exchanges there that are just new and to be sincere it will be a risk taken too much to actually use this type of exchanges

Using smaller or unknown exchanges can be extremely risky even if the goal is to explore new platforms or find hidden opportunities the truth is that most of these lesser known exchanges don’t have the liquidity or security infrastructure to handle large trades or sudden market movements many of them operate with minimal regulation or transparency which makes it easy for them to freeze withdrawals or even disappear without warning.

Popular exchanges like Binance, Coinbase, or Kraken aren’t perfect but they at least have better liquidity and are under more scrutiny so while they can still restrict accounts or face issues like we saw with FTX or Mt. Gox historically, the probability of total loss is lower compared to using a new exchange with no established track record. The smart approach is to keep trading and storage separate trade on exchanges with strong liquidity but store assets in your own non custodial wallet once you’re done trading that way even if an exchange fails or freezes accounts your main holdings remain safe.

[Kelward]

Over the past few years, many new exchanges have emerged. The list of exchanges is shown in the screenshots above and below

There is no point in using these unknown exchanges if there are enough time-tested cryptocurrency exchanges on the market right now. You should not subject your deposit to such tests, as a result of which you may lose it.

When it comes to cryptocurrency reputation matters so much for me, I don't go around testing unknown wallets and exchanges when reputable ones are available. I'm just seeing most of the exchanges in the OP for the first time and I cannot risk my money trying any of them out when tested and trusted exchanges are at my reach. The scam in the crypto space is too much and it's not worth taking a risk into any areas that you don't fully understand, you should rather wait for others to try unknown exchanges and give their feedbacks before you can consider whether to register with them or not.

[Bushdark]

I don't know the number of cryptocurrency exchanges is as much as this and it's surprising to me. I am not used to must of these exchanges and the idea of testing them is unnecessary. Exchange can lock your account and steal your money and their have been proofs everywhere about this so there is no need using so many of these exchanges when all you have to do is to use decentralized wallets that can keep your fund safe for you so you don't lose your money to exchanges because of their terms that might not support the source your coin is coming from. Prevention is better to avoid problem.

[henmark]

Did you really download all these exchanges or is it just a screenshot taken from google? Why would someone use these many exchanges? It will only make things complicated and might even raise problems in future. It is always recommended to stick with just a few exchanges which are reputed and are into operation since years. You can make a deep check on the exchange before trusting your money with.

For me, I would only stick with 2 exchanges which will be Kucoin and Binance for trading. I might consider some other exchange if the coin I want is only listed on that exchange but that will be temporary and eventually I will move my money back to my favourite exchange. If you are just taking a random opinion than it is okay but if you really plan to use all these exchanges than I don't really know what to say. Consider not doing it.

[coupable]

Over the past few years, many new exchanges have emerged. The list of exchanges is shown in the screenshots above and below

There is no point in using these unknown exchanges if there are enough time-tested cryptocurrency exchanges on the market right now. You should not subject your deposit to such tests, as a result of which you may lose it.

If we are talking about cryptocurrency services, the reputation always matters for me. So i don't hurry testing new applications (wallets, exchangers...) when old ones are reputed enough to get trusted and it's credibility is confirmed by the community. When looking at how many the scams in the crypto world, it seems not worth the time to test new applications even those made by called trusted devs. I may ask my actual favorite service to update his system and integrate new features, rather than looking for other apps to find new fonctionalities.

I doubt many forum users knew about the exchangers list mentioned in OP. I also wonder about the daily trading volume for some. Sounds fake data.

[tvplus006]

...I doubt many forum users knew about the exchangers list mentioned in OP. I also wonder about the daily trading volume for some. Sounds fake data.

In fact, some exchanges from the list provided by the OP are present in the Coinmarketcap rating, and given the reputation of this service, we can assume that they indicate the real one daily trading volume. But nevertheless, if we can work on good exchanges, why do we need these outsiders.

[lixer]

I don't know the number of cryptocurrency exchanges is as much as this and it's surprising to me. I am not used to must of these exchanges and the idea of testing them is unnecessary. Exchange can lock your account and steal your money and their have been proofs everywhere about this so there is no need using so many of these exchanges when all you have to do is to use decentralized wallets that can keep your fund safe for you so you don't lose your money to exchanges because of their terms that might not support the source your coin is coming from. Prevention is better to avoid problem.

Can you elaborate what do you mean when you say they do not like the source your coin is coming from? Yes, centralized exchanges do scrutinize the incoming transactions but they will not necessarily block all incoming transactions if they are coming from valid sources. If the source is valid, we can also prove it and can get our funds released but if the incoming transaction is coming from a shady deal than yes, there are high chances that the funds might be blocked and you might have to go through additional KYC just to unlock the funds.

I would not worry about this as my funds are coming from legal sources and I can always prove it so I can trust these centralized exchanges because they do have locked liquidity which can pay me back in case anything happens to my funds.

[Miles2006]

The exchange op listed are not well recognized exchange besides why will anyone trade using a strange exchange? Just imagine keeping your funds with the listed exchange and no proper information about an exchange obviously the funds is not safe. I don’t have an idea how these exchange listed above works probably with time they’ll grow to become other big exchange meanwhile presently the top best remains the top best exchange. Other exchanges without review are being honest because the last time I checked reviews gotten on play store are mostly purchased or the service rendered by the exchange is not good enough under probability, op can actually make use of the top exchange everyone is familiar with.

[bangjoe]

It seems like the industry is growing but at a rapid pace, many new exchanges show that interest continues to grow and as an exchange provider it is quite sexy looking for big profits, especially those who can already open derivatives markets on their platforms.

I remind you to pay attention in trusting the exchange to understand the deep fundamentals so that you can safely use it, first make sure it is regulatory and audit safe, second look at their projects, third look at the POR as well as the liquidity for the resilience of the exchange, that's the main thing. The rest is subjective depending on your additional needs in trusting the exchange, be careful with the unknown and like a supernatural market, they can act arbitrarily with your money, the trauma of Mt.gox and FTX fears must be preserved so that everyone can be careful in choosing an exchange.

[coupable]

...I doubt many forum users knew about the exchangers list mentioned in OP. I also wonder about the daily trading volume for some. Sounds fake data.

In fact, some exchanges from the list provided by the OP are present in the Coinmarketcap rating, and given the reputation of this service, we can assume that they indicate the real one daily trading volume. But nevertheless, if we can work on good exchanges, why do we need these outsiders.

I don't think Coinmarketcap is a reputed platform since it lists scam shitcoins and under-rated services. Coinmarketcap won't hesitate displaying info that serve its own interest. I remember hear that Coinmarketcap accept listing shitcoins for a listing fee, and that scam services like 1xbit can pay for banner ads. I would never trust Coinmarketcap, but rather suggest Coinjecko as a better alternative.

[shinratensei_]

crypto.com and backpack is the good one. The other? not so much.
I've used backpack, I liked it, but one thing that bother me is how they handled stablecoin. You got normal stablecoin like USDT and USDC then you got USD balance, just seems confusing.

Overall I've never used them for too long though. I prefer binance or bybit.

[jcojci]

I see XT, WhiteBit, CoinEx, Crypto.com, and CEX.io are in the lists. I know about those exchanges but do not use it and only have an account there. These exchanges are a place for the recipients of the delisted coins from the major exchanges to continue the trades.

What you should think about is that those exchanges can impose KYC on their members. It's like what happened to major exchanges but we don't know how good those exchanges are. You don't have to use those exchanges if you are not sure.

[Gozie51]

Meanwhile, Google Play shows that some exchange apps have been downloaded 50000 times, some even 100000 times or more. This means that people are clearly using these exchanges, but there are no reviews online for most of them. So, I thought I'd ask: are any of you registered on any of the exchanges listed below?

No, I don't think that the submission that because people have downloaded these exchanges in numbers mean that they have been used or that they are using them. It is not true.

We need to know that some of these exchanges when they are open for business, they come up with different kinds of bonuses and giveaways to attract traders to sign up with them. Of course some traders will sign up to get those benefits and afterwards they abandon the exchange. Some exchange too when opening attract some good developers to list under them and so if you need to buy those coins you have to sign up to it before buying. Also, during ICO and IEO, there were dubious collaboration between owners of the developers of the projects, the exchange owners and sometimes (the bounty managers) to send rewards to those unknown exchanges with no trading volume just to create traffic in them but they never lasted. So, to open an account with exchange isn't a fact that people consistently use them like binance, bitget, bybit, kucoin etc .

How do they work in practice when trading? I'm primarily interested in futures trading.

I remember Bitrue was getting ready popular at a point but not anymore. I think it has its native token too.

I feel I open an account with Bitrue and CoinEx but didn't follow up.

[Roseline492]

The exchange op listed are not well recognized exchange besides why will anyone trade using a strange exchange? Just imagine keeping your funds with the listed exchange and no proper information about an exchange obviously the funds is not safe. I don’t have an idea how these exchange listed above works probably with time they’ll grow to become other big exchange meanwhile presently the top best remains the top best exchange.

What I don't even get from his post is why he could mention this much without even mentioning one of this big and very common ones all cryptocurrency enthusiast is using currently, he will definitely no about those big exchange because before he must have gotten this so many exchanges he would have seen them or does it mean he just wanted to use any of this ones but are requesting for people to share knowledge if they have one or more they have use on this list. I have not even heard, seen or come across almost all of this ones he listed apart from three I saw people using and that was before and who knows if they are still working in a trusted way.

[Ndabagi01]

Of all the exchanges you’ve listed above, I only know of BitMart which I used before some times back. They never showed any sign of being a scam exchange but I don’t like their overall interface and way of operation, so I stopped using them and never went back to use any of their services again. Many of them listed above may not be available in my region and don’t really have a good use case and review from users.

There are a lot of good exchanges out there that are very popular, you should focus on using them more than using this unpopular ones that can run scam at anytime. Reviews gives the best impression of a platform, so it’s better to also check out there before using any platform you come across in the crypto space.

[terrific]

That is a lot in the exchanges lists, I personally knew only a few of them in that list and yet I haven't used the majority of those that I know of.
I stick to the common ones so that they're going to be easier in helping their users because they have a reputation to protect for.
Isn't it that the majority of what OP has given are decentralized exchanges? or all of it are centralized or it's a mixed?

[SOKO-DEKE]

Almost all the exchanges you listed I don’t think I know them. And if I may say, there are very few that I know but i have not actually used them before. It’s very possible that these exchanges were just created and don’t have many people using them. So I don’t think all the exchanges you mentioned should be a problem in the crypto industry, when there are reputable exchanges out there that people can use.

If not for the fact that some people completely lack knowledge and don’t want to follow the steps of experienced crypto people, why would anyone try to use so many exchanges that have no reputation? I expect that before anyone uses any exchange, they should try to check the reviews of that particular exchange.and they check the review of these any exchanges mentioned i don't think anyone may like to make uses of then

[Alphakilo]

I never knew so many exchanges existed, only a few I know like coinex, crypto.com and the more recent ones like Binance, kraken, Bybit, OKX which trade leverage between 100x to 125x. These exchanges that are more recent have deep liquidity, high volume, and advanced trading tools. While 100x or 125x is most common choice for a beginner trader using max. leverage hoping to hit big profit, the more experienced ones would prefer to use only 3x to 10x leverage available on exchanges like on kraken and Coinbase, inorder to make their risk management practices standout.
You however didn't mention some of these exchanges I know and that gets me surprised a little.

The key to using a good exchange is the fees they charge for transactions, how high is it as compared to others, is it well regulated and licensed and a trustworthy platform with great security features, do their policies assist you or make things more difficult and ultimately if it is legal in your country?
These are good questions to start with but it is a good strategy to do your own research so as to be able to know the best exchange to use, not based on highest number but based on stability.

[shinratensei_]

That's a lot of CEX right there, do people even use them? or do they really have liquidity?
I personally have no experience whatsoever with majority of them, but just pick the most trustable CEX listed on reputable site like CMC and see their liquidity.

Picking CEX is actually tough if you want safety. Choose the one with emergency fund in case things go wrong such as hacking so they won't collapse and choose the one with the most liquidity.
I don't recommend some random CEX which has no HQ.