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Lubruselu

What's the problems with exchanges?

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80% Cryptocurrency Exchange Falsifies Volume and MarketCap, Data listed on CoinMarketCap is also unreliable, I think Binance and Bitfinex are cryptocurrency exchanges that are free from trading volume manipulation. So for traders with fake volume data, of course our analysis results will also be wrong.

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In currently situation mostly crypto related exchanges not going to give real data as they are not good enough which is very bad and some have serious problems with support and higher fees because investors don't want to give high fees as they are demanded security is also very biggest issue for many few exchanges don't have enough pairs which causes volumes.

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13 minutes ago, Thefighter said:

A lot of exchanges use fake volume only to try and attract more people to their websites but in reality only a very few people use these exchanges. That's why they are not in the first ranks even though they have very large volumes.

i can tell you hotbit has the biggest fake volume i have ever seen, i tried to sell a coin there and even had it 5% bellow the market price and it wasnt bought and the min i took the order it started the wash trading again.

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On 12/5/2019 at 6:57 PM, Lubruselu said:

Guys you know whats the problem of that's exchanges which have huge trading volume and marketcap than binance exchange but they are not in first rank! So what's does it means? are those exchanges not trusted much than binance exchange

I'm not sure how they calculate it. If you look at the largest exchanges according to coinmarket cap they calculate it based on volumes and not on users. It has nothing to do with trust I guess.


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I think why binance is in the top 1 exchange is not on volume it is the security and popularity because binance is the most trusted exchange that's why binance is on the top.

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most exchange have own bot thats help to make more volumn.

coinmarketcap didn't consider these exchange to top.

but binance haven't so volumn like okex or bitfinex so not on top

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On 1/3/2020 at 4:40 PM, Cryptokiller said:

Many exchanges are scamming now and because their project team are scammers. that's the main problem for exchanges.

Yes, now  days many exchanges are doing scam with people. there are many fake exchanges too in the market now and they are stealing the asset.

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8 minutes ago, Sagor said:
On 1/3/2020 at 6:40 PM, Cryptokiller said:

Many exchanges are scamming now and because their project team are scammers. that's the main problem for exchanges.

Yes, now  days many exchanges are doing scam with people. there are many fake exchanges too in the market now and they are stealing the asset.

We have to really avoid such exchanges, now we have so many exchanges. so it's better to choose an exchange that really already has a good reputation and never try to use an exchange platform that isn't very popular.

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Currently Binance is top on exchange sheet. I used this platform , i am very satisfied to it. I also used yobit, so far no issues occured. Problem with exchange is that you will have to give charges also many exchange platforms are banned in some countries. Some exchanges have false volume and bots so beware of it.

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On 12/5/2019 at 6:57 PM, Lubruselu said:

Guys you know whats the problem of that's exchanges which have huge trading volume and marketcap than binance exchange but they are not in first rank! So what's does it means? are those exchanges not trusted much than binance exchange

Because there is a many exchange that put a fake volume you can see a a many trade but it's not real it's just fake and in coinmarketcap they can't examine every exchange to see if it's true or not 

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The problem with exchanges is that many of them are just scam. Personally, I have chosen the most top exchanges for myself and I think that I will no longer switch to others, I see no reason if everything suits me now.

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On 12/5/2019 at 7:57 PM, Lubruselu said:

Guys you know whats the problem of that's exchanges which have huge trading volume and marketcap than binance exchange but they are not in first rank! So what's does it means? are those exchanges not trusted much than binance exchange

The volume of binance is 100% really . But some anther exchanges use some bots to buy and sell coins or tokens so the volume increase but it is not really volume. 

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Because most likely the exchanges that write so deceive you, the Binance exchange is the largest in terms of volume and no exchange has more trading volumes than it.

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I am using binance and I think it's ok, no problem. You mean volume exchange? binance is, to my knowledge, a top exchange and a good exchange. I really don't understand your question.

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What are you talking about? Binance is ranked first if we're talking about volume. Other exchanges with a huge volume that doesn't mean their volumes are real. Only top exchanges like binance, okex and other top ones has real volume.

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the problem that I always experience in the world of crypto trading is that it's difficult to find the right price to buy a token
 

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I don't really get it, but binance is perfectly fine. Binance is popular and has a large exchange volume. and many exchanges have no real volume, it is virtual volume.

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On 12/5/2019 at 10:57 PM, Lubruselu said:

Guys you know whats the problem of that's exchanges which have huge trading volume and marketcap than binance exchange but they are not in first rank! So what's does it means? are those exchanges not trusted much than binance exchange

Many of factors effects the popularity of an exchange. Security/trading volume ease of access and trust level important in this case. Binance is the most trusted and charming exchange too. It have lot of upgrades tume by time and bieng upgraded when needed. 

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On 12/9/2019 at 3:21 PM, sportlopez9000 said:

I value the more markets an exchange has, and right now the most markets is available on hitbtc in 836 markets. This is a huge jump from binance which only has 583 markets, and yobit only has 509 markets. Most of them are not really moving illiquid markets though so there's that problem. Besides these three I think people are underestimating hotbit which also has over 500 markets and it seems to be less mentioned but I'm not sure why. At hotbit the most traded asset is atom (cosmos).

This is precise well brought-up and especially pleasant fad if  you by now decide your maximum preeminent exchanges to operate but plus my flavored exchanges is yobit an the binance exchange
 

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On 12/5/2019 at 9:47 PM, halloweed said:

It is said that, Binance is the top cryptocurrency exchange based on its volume, so any other exchange that has much higher volume than binance consider it a fake.

Sometimes if you look in coingecno you'll found that's binance is ranked #2 on that day and another exchange is #1 rank, so you want to tell us them are fake also 


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Voumes that we see in thr most exchanges are false.that is only to attract attract people to invest in or for the transactions.that is the reason they are not in the good rank list

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