What's the problems with exchanges?

[jamesvince 2389]

Oh dear buddy ranking is not only one element of the ranking of exchanges it means many other factors of top class exchange such as invest options, reputation among big investors, and service of exchanges and also total capitalization of the exchanges. 

[scorpiali 5626]

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

The majority of those exchange are fake and dont put a real volume ,coinmarketcap just put the number from the exchange and they cant trust or verify all those number volume 

[Upright 2688]

It might be of the availability of the binance in nearly every country, as The binance even have the app, specifically for the usa, sik e this countries would obviously need many legal assessments inorder to be used by the their citizens, maybe that might be an advantage of it, above the other exchanges

[Calvinpriva 17296]

They are all good exchanges but i think only few of them are listed as among the best. Binance is used by many investors and traders and also there are many other good exchanges like yobit, hitbtc and tradeorge.

[alexisfuentes 2130]

4 hours ago, Mishadima said:

We some hiding fake exchangers and you cannot really identify them unless your funds get lost on the site but I identify them by the volume, they normally make huge volume

The Volume is relative, I do not have the information at hand but there is a post here that lists the exchanges that have been scammed or lost funds and you can find exchanges with very acceptable volumes cap.

 

In reality, all this is based on trust, the fundamental principle of the existence of Bitcoin, so as a side effect, that trust must be extended to the entire blockchain (peoples, wallets, Exchanges, etc)

[teminalibug 309]

Just now, Lebowski said:

In my opinion Binance is the most trusted thing, because of its secure system ,  as we know there are lots of hackers around the globe and when we talk about cryptocurrency main thing is Security. 
By the way there are more nice cryptocurrency exchange programs like Coinbase,, Cex.io etc

It was hacked before and 7000 Bitcoins were lost, so i can t real talk about security of binance, but their services are very super i give them that.

[Dark_Sky 8489]

On 12/6/2019 at 5:55 AM, Don said:

Problem I see safety and security. How many exchanges have reported hacking  their account. 
cryptopia is one exchange went bust.

there should be more security I suppose if crypto do well. 

Same opinion here. 

When the safety or security is very low then it's a high opportunity for those bad person to do scamming whom they have an exchanging with. 

[Michael0606 861]

The most common problems in exchanges are the spread, or as we all know, the interest for operation or sale, since some are so high that you end up losing or earning little money, this added to the withdrawal interest, because it makes a  real problem for small investors.

[Ali_hmwi 966]

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

You can use Kucoin and houbi global platforms both of them are really huge and especially kucoin it is a big one like binance day by day .

[Thekingcallme 1975]

I think it does not have a large trading volume in all currencies as well as a large trading fee compared to other platforms and this is what makes the arrangement according to services and the largest trading volume

[iloveyobit 6599]

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

There are a lot of criteria that any platform must contain before becoming first, and one of these criteria is to gain the confidence of traders, especially those with large capital, because it is the main factor in the classification of platforms.

[BitcryptoHan 2557]

On 4/6/2020 at 11:13 PM, Thekingcallme said:

I think it does not have a large trading volume in all currencies as well as a large trading fee compared to other platforms and this is what makes the arrangement according to services and the largest trading volume

Large trading fee can make people to leave an exchange of they see a better offer that is good, so, it is not determined by that. 

Only larger trading volume demands how  much crypto worth people are trading, so, it is the determinant. 

[Lover840 0]

On 12/5/2019 at 11:27 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

As far as i know binance is top exchange as its hold a large amount of crypto currency means obviously means people trust their coins on binance exchange which is why they keep there coins in binance 

[rianpedia 816]

Yes it could be like that, it is common knowledge that binance is the best crypto exchange and wallet. It might take a long time to get rid of binance but I think every progress of binance must be followed by other exchangers so as not to miss any progress.

[kizz 3370]

Actually there's no problem in exchange. The site and apps that allows exchange is not the problem too. Cryptocurrencies value vary on its demand that is why it's unpredictable. If you experienced problem with exchange try to used other money changer.

[Philippe2001 356]

The exchanges you are talking about should mention the names 
of those exchanges that are greater than bilaterally from the platforms
 are bitfinex and okex. Like binane, kucoin and bittrex, besides it's usually a small pair 
and lack of updates doesn't make it so popular though the size is quite big

[magd 5231]

This question is very comprehensive and the answer to it needs a lot so please put the platforms that you want to know information about the problems of the huge exchange in it and often these exchanges need a great time to complete the transactions

[Rendra808 92]

All exchanges even the depended on ones are risky, they may get hacked sometimes, however we should stick to those and forestall looking for for greater alternatives.

[Raqeebzy 6456]

The of exchanges especially on CMC and Coingecko is not only based on trading volumes and market cap. Liquidity, active markets are other criteria the rankings is based on and as far as I know Binance beats another exchange in almost every of this aspect. 

[Saj555 2250]

You should have specified about what you are talking about. Because it doesn't seem quite sure and reliable to me to talk about which exchange. There are a lot if exchanges available online that needs to be recreated or boosted. And some of them are also fake. But some exchanges really offers great services to the users. So specify about the want you want to know about. 

[TheRaed 1247]

A good reputation is sometimes better than volume
Everyone prefers a platform for a reason, and Binance has built a solid reputation with investors

[Honny143 13612]

On 12/9/2019 at 9:28 AM, Naga said:

Well when you know that binance has been hacked TWICE its hars to put it in number 1 spot because they lost their customers kyc data and the second hack they lost 7000 bitcoin. Never heard of yobit hack.

Yobit still not hack and can't do any scam active in their exchange, but I heard few peoples thinks yobit scam exchange, I really don't why, but I think yobit gives good profit compare to other exchange that's why maybe they think, and other side binance facing some allegations like users data selling, hackers stolen 7000 bitcoins means their security no proper then also this exchange occupied #1 rank and yobit #7 rank I think yobit exchange deserved good rank.

[Dorjoy12 8962]

There has lot of exchange site in crypto world which is enough trusted.. From them you can choice binance.. Yah its true that binance also get hack but its a simple matter as it depend on technical way.. By the way, you can choice local bitcoin exchange site or yobit... I not  yet hear any hack news about yobit yet            

[malik6314193 5449]

Such exchanges make fake trading volume to get up and catch investors. And after getting popularity they do scam with their users. I found such exchange which is extstock exchange which show fake volume and now scam with their users.

[Tunuu 2235]

Maybe apart from large trading fee i think binance has many trading features and small fee and that is why has been listed as number exchange. I also think yobit will be listed in a good number in the future because it is a good exchange as well.