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Author Topic: Which exchange is more popular currently?  (Read 9218 times)

Offline JISAN

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Re: Which exchange is more popular currently?
« Reply #30 on: September 05, 2024, 10:56:30 PM »
Which exchange is currently more popular worldwide?  Binance is definitely for me.  Which expansion do you like and which one do you feel better using?  I feel very comfortable using Binance and its settings and its functions seem very easy to me.
Binance is the top exchange according to the popularity, features and Trading volume. and then Coinbase, Kucoin & Gate.io. i use Binance must of the time and I use MEXC 2nd max. even though it's not a big exchange. kucoin & gate.io is also comfortable for me.

Binance has become very popular and trusted because they don't usually list all types of coins. They only list legit coins.  Because of this I feel free to use Binance for exchanges and trading. there user interface is very smooth
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Re: Which exchange is more popular currently?
« Reply #30 on: September 05, 2024, 10:56:30 PM »

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Offline Z-tight

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Re: Which exchange is more popular currently?
« Reply #31 on: September 05, 2024, 11:59:40 PM »
Binance has become very popular and trusted because they don't usually list all types of coins. They only list legit coins.  Because of this I feel free to use Binance for exchanges and trading. there user interface is very smooth
It is true that Binance is a very popular exchange, but are you sure they list only 'legit' coins? And what do you even mean by legit coins, a coin can start off as good, but turn out to be a scam later on. I don't trust any centralized exchange anyway, at least not to store my coins, because any of them can be hacked and any of them can also confiscate your funds.

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Re: Which exchange is more popular currently?
« Reply #31 on: September 05, 2024, 11:59:40 PM »

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Re: Which exchange is more popular currently?
« Reply #32 on: September 06, 2024, 12:57:10 PM »
Binance has become very popular and trusted because they don't usually list all types of coins. They only list legit coins.  Because of this I feel free to use Binance for exchanges and trading. there user interface is very smooth
It is true that Binance is a very popular exchange, but are you sure they list only 'legit' coins? And what do you even mean by legit coins, a coin can start off as good, but turn out to be a scam later on. I don't trust any centralized exchange anyway, at least not to store my coins, because any of them can be hacked and any of them can also confiscate your funds.
Binance has thousands of coins. Is it possible that all of them would be legit? No. Or let me ask the question in a better way. Is it possible that all the coins will not have the risks of losing your money? No. I have been on Binance since 4 years ago or so and I have seen the exchange delist many coins. Even if you are losing, they do not care because the coin marketcap decrease so much in a way it can becomes a shit coin. It is also good to know that Binance is not the only good exchange.

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Re: Which exchange is more popular currently?
« Reply #33 on: September 06, 2024, 05:28:14 PM »
It is also good to know that Binance is not the only good exchange.
I agree with you, so many binance and cz lovers seem to think that Binance cares about them or about BTC in itself, which isn't true, they mostly care about how much money they are going to make. If they truly cared about BTC, they would not have such a high withdrawal fee for BTC, they would reduce it and make it affordable for people to directly withdraw BTC into their wallets.

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Re: Which exchange is more popular currently?
« Reply #34 on: September 07, 2024, 09:28:54 PM »
It is also good to know that Binance is not the only good exchange.
I agree with you, so many binance and cz lovers seem to think that Binance cares about them or about BTC in itself, which isn't true, they mostly care about how much money they are going to make. If they truly cared about BTC, they would not have such a high withdrawal fee for BTC, they would reduce it and make it affordable for people to directly withdraw BTC into their wallets.

Exchanges don't want the users to withdraw their assets and high withdrawal fee is indirect way of enforcing it.

Exchange is a business so they obviously cares about making profits and to answer OPs question Binance is big and have huge influence on the market but they also delisted many coins and one of the reason was not enough liquidity means the project eventually died.
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Re: Which exchange is more popular currently?
« Reply #35 on: September 12, 2024, 10:39:04 PM »
Even from the ask on google alone, we are going to discover that exchange like Binance, Bybit and many others are the world most ranked exchanges because they are trusted common and mostly used by the people, though we may also want to consider the new ones coming in place nowadays, but their running pace is getting more higher and they are also trying to focus on how to reach the top of the ladder like the renowned exchanges.

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Re: Which exchange is more popular currently?
« Reply #36 on: September 14, 2024, 11:29:48 PM »
though we may also want to consider the new ones coming in place nowadays, but their running pace is getting more higher and they are also trying to focus on how to reach the top of the ladder like the renowned exchanges.
I usually refrain from recommending new exchanges to people, that is because it is hard to differentiate the scam ones from those that are genuine. In my honest opinion, it is better to stick to exchanges that have been in the network for a longer time. However, if you must use new exchanges, do not immediately deposit a large amount of money, start with a small amount.

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Re: Which exchange is more popular currently?
« Reply #36 on: September 14, 2024, 11:29:48 PM »


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Re: Which exchange is more popular currently?
« Reply #37 on: September 15, 2024, 08:09:38 AM »
Talking about popularity, we could choose Binance because it has all it takes to be the most populous crypto exchange currently, secondly, this is also what we can see on other reputable social media and crypto platforms, they are being popular becasue they have the highes users which in other terms reffered to as traffic and this includes the way every other information about the exchange increases over others.

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Re: Which exchange is more popular currently?
« Reply #38 on: September 17, 2024, 02:48:33 PM »
Talking about popularity, we could choose Binance because it has all it takes to be the most populous crypto exchange currently, secondly, this is also what we can see on other reputable social media and crypto platforms, they are being popular becasue they have the highes users which in other terms reffered to as traffic and this includes the way every other information about the exchange increases over others.
Yeah, Binance is very popular and a lot of people use it, though they have run into regulatory challenges in some locations that has made them cease operation in such places, and people who live there have to use other exchanges available.

For someone who is looking for a centralized exchange to trade, binance usually gets the nod, though i don't approve with a few things about the exchange and i don't recommend anyone to store their funds there.

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Re: Which exchange is more popular currently?
« Reply #39 on: September 17, 2024, 04:58:16 PM »
I think CZ already stepped down from Binance? I don't think he can influence what new products Binance offers to their users, at least openly. CMIIW, but their current CEO is Richard Teng.

This is my first time hearing about HTX, I guess I'm a bit out of date with the market. It doesn't help that I don't interact with international exchanges currently. I believe most people in my area do the same thing if what they wanted is a way to liquidate their crypto to fiat. That being said, my local exchanges definitely try to copy what popular exchanges do with their saving/staking products.
CZ is no longer the Binance CEO and has even been banned from participating in Binance future development, but I believe that right after serving his prison sentence, CZ will still have a significant positive impact on Binance future in some way. No one can stop CZ from sharing his opinions with Teng when they chat in the backyard ^^

HTX is the new name of Huobi after it was acquired by Justin Sun. I don't think that was a wise decision because HTX sounds very similar to FTX >"<

If your country has its own CEX, the government will profit from taxes and user trading fees. I hope you can access many tokens and have good enough liquidity to invest and profit from this market.
« Last Edit: September 17, 2024, 07:09:42 PM by MrSpasybo »
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Offline _act_

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Re: Which exchange is more popular currently?
« Reply #40 on: September 17, 2024, 10:56:17 PM »
Most people in cryptocurrency do make use of binance exchange because it has a global reputation, also, many of it data analysis surpasses that of many other exchanges, which makes up its uniqueness, incomparable nature and what using it could being to its users in terms of their services, offers and the networks in which they supported and promote as well.

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Re: Which exchange is more popular currently?
« Reply #41 on: September 18, 2024, 08:17:56 AM »
Binance has become very popular and trusted because they don't usually list all types of coins. They only list legit coins.  Because of this I feel free to use Binance for exchanges and trading. there user interface is very smooth

Lately though, Binance has been listing not-so good coins, look at DOGS, HAMSTER, CATIZEN— do you think those are good? The way it appears they are only listing these coins because they have large userbases, and Binance wants these users to come to them., despite coin itself's quality not being upto the standards.

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Re: Which exchange is more popular currently?
« Reply #42 on: September 18, 2024, 10:26:24 AM »
CZ is no longer the Binance CEO and has even been banned from participating in Binance future development, but I believe that right after serving his prison sentence, CZ will still have a significant positive impact on Binance future in some way. No one can stop CZ from sharing his opinions with Teng when they chat in the backyard ^^
Inwardly, maybe CZ will continue to be attached to Binance even though in secret... in fact, I think CZ's relationship with Binance is like a package that must be united... we may not see tweets about Binance on CZ's page anymore, but I have an instinct that CZ will still contribute in other forms so that Binance exists.

HTX is the new name of Huobi after it was acquired by Justin Sun. I don't think that was a wise decision because HTX sounds very similar to FTX >"<
LOL... in terms of similarity, the name contains 66% similarity because it consists of 2/3 letters TX in its domain. Yes, maybe the letter TX refers to the meaning of "transaction" is more interesting to adopt... and H for Huobi... yes, everyone certainly does not want a bad tragedy to happen again, and HTX should realize that too.

This is very fun tho  ;D

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Re: Which exchange is more popular currently?
« Reply #43 on: September 18, 2024, 03:39:39 PM »
Binance has become very popular and trusted because they don't usually list all types of coins. They only list legit coins.  Because of this I feel free to use Binance for exchanges and trading. there user interface is very smooth

Lately though, Binance has been listing not-so good coins, look at DOGS, HAMSTER, CATIZEN— do you think those are good? The way it appears they are only listing these coins because they have large userbases, and Binance wants these users to come to them., despite coin itself's quality not being upto the standards.
These are memecoins and we all know how risky investing in memecoins is.  So you have to be careful of them.  It is normal for an exchange platform to list tokens of all categories.  But I think that Binance lists the best tokens of all categories of tokens.  Why should you trust Binance if they don't?  And why is Binance the largest and most popular crypto exchange?  Can they hold the first position just for the hype?  Or are they able to provide good service to users?  Why are you using Binance?
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Offline libert19

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Re: Which exchange is more popular currently?
« Reply #44 on: September 18, 2024, 03:55:42 PM »
^ I don't use Binance since they made it mandatory to kyc but I know it is a quality exchange, it just some of listing lately I don't consider them upto the standards, rather it feels like those were purely done due to business perspective, let's see how long those tokens stick around and Binance keeps having them listed.

 

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