Common factors to know that an exchange is likely going insolvent.

[taufik123]

Actually, they are (most trusted exchange), to begin with, and they are already the largest exchange by volume even before FTX was created, they just got lots of issues lately but it looks like they never got affected it all.

It has never been affected by any legal problems experienced when it comes to dealing with the SEC in the US, but Binance still stands firm.
Many of its competitors in the past such as FTX but could not surpass it.
I am an early user of binance and I know how binance has grown to this day.

In the past Binance may have had signs of going bankrupt when the brand was hacked and such, but they still survive today and are even the number one exchange that has never been bothered by anything anymore. They have SAFU funds that will secure all the user's money in it and they have many partners around the world.

[MRY]

Actually, they are (most trusted exchange), to begin with, and they are already the largest exchange by volume even before FTX was created, they just got lots of issues lately but it looks like they never got affected it all.

It has never been affected by any legal problems experienced when it comes to dealing with the SEC in the US, but Binance still stands firm.
Many of its competitors in the past such as FTX but could not surpass it.
I am an early user of binance and I know how binance has grown to this day.

In the past Binance may have had signs of going bankrupt when the brand was hacked and such, but they still survive today and are even the number one exchange that has never been bothered by anything anymore. They have SAFU funds that will secure all the user's money in it and they have many partners around the world.

Agreed, different situations demonstrate that Binance has always been ready for various situations and always keeps the confidence of users from different countries. That protection measure like theirs was one of the vital assurances that many exchanges such as Binance relied on when many others had fallen. Honestly, many of those who have adopted this platform for quite a while must agree with me that this has not only brought size but also the opportunity to continue learning on their effectiveness of their security for their clients. Of course Binance will not stay passive, they keep developing, being transparent and making more partners around the world, this is a brilliant chance for the Binance to remain a leading company in the world of cryptocurrency.

[taufik123]

-snip-
Honestly, many of those who have adopted this platform for quite a while must agree with me that this has not only brought size but also the opportunity to continue learning on their effectiveness of their security for their clients. Of course Binance will not stay passive, they keep developing, being transparent and making more partners around the world, this is a brilliant chance for the Binance to remain a leading company in the world of cryptocurrency.

y Binance's development was quite drastic and even when it became a new CEX that might be almost the same as other Cex,
but Binance proved that they could survive and thrive to date.

Security, innovation and how to keep customers comfortable are things that binance maintains.

Now being a top tier 1 exchange with a large volume makes Binance a role model for all cex today.
CZ has also been really very instrumental to the development of binance until now, he is a man who has always been optimistic in everything despite some of the problems faced a few months ago.

[0t3p0t]

I don't bother to show too much commitment on any exchange that is not functioning the appropriate way because of I don't play with my funds and I will immediately trnasfer my funds and leave the exchange. There are many reputable exchanges out there that needs customers.

Agree. I also stay away from those exchanges that has features and services that is I am not a fan of that is why I only chose top exchanges not unless I am trying to buy coins that are not listed yet on top exchanges. Lately, I use Binance and Bybit for my practice trades I also use OKX but my app is dormant now but it is one of my option. For dex's of course the top one's are the best for volume and liquidity.

[JISAN]

I don't bother to show too much commitment on any exchange that is not functioning the appropriate way because of I don't play with my funds and I will immediately trnasfer my funds and leave the exchange. There are many reputable exchanges out there that needs customers.

There are a lot of exchangers in the market but since you have to deposit money there you should not play with your own money. Always use reputable exchanges for trading. But if any tokens are available for free from events like Airdrops then they can be exchanged on any exchange but for fund safety one should always hold funds on reputable exchanges. Exchanges try to attract users with events like launchpool.  HOTBIT was once a pretty good exchange they scammed.  So you should never play with your money

[Cryptsafe]

I don't bother to show too much commitment on any exchange that is not functioning the appropriate way because of I don't play with my funds and I will immediately trnasfer my funds and leave the exchange. There are many reputable exchanges out there that needs customers.

There are a lot of exchangers in the market but since you have to deposit money there you should not play with your own money. Always use reputable exchanges for trading. But if any tokens are available for free from events like Airdrops then they can be exchanged on any exchange but for fund safety one should always hold funds on reputable exchanges. Exchanges try to attract users with events like launchpool.  HOTBIT was once a pretty good exchange they scammed.  So you should never play with your money

There are lots of exchanges out there but I usually use coinmarketcap and coingecko to access good exchanges irrespective of the fact that they can not be trusted with assets,  they are just what they are to  help exchange your assets and as such, one needs to be very careful enough to protect their assets by withdrawing to their private wallets all their investments and profits after trading so as not to be taken unawares. Big exchanges that we know could not guaranteed their customers assets even with their sophisticated hard wares, they suffered  hack and this should be an eye opener to all to know what best to do when it comes to sensitive things of this nature.

[satpol_PP]

I don't bother to show too much commitment on any exchange that is not functioning the appropriate way because of I don't play with my funds and I will immediately trnasfer my funds and leave the exchange. There are many reputable exchanges out there that needs customers.

There are a lot of exchangers in the market but since you have to deposit money there you should not play with your own money. Always use reputable exchanges for trading. But if any tokens are available for free from events like Airdrops then they can be exchanged on any exchange but for fund safety one should always hold funds on reputable exchanges. Exchanges try to attract users with events like launchpool.  HOTBIT was once a pretty good exchange they scammed.  So you should never play with your money

We have to choose an exchange that has a good reputation, don't put our funds in an exchange that doesn't have a good reputation, because we have to be careful with our funds.
I choose binance, kucoin and some top exchanges in trading and so far it has been safe.

[Azharul]

Now, to detect a crashing exchange, whether Dex/CEX, you will notice two common issues,
1.Scanty users. The number of users on an exchange determined the exchange's revenue capacity to settle operational cost and other expenses.
2  No liquidity, and that is, no 24hours trading volume. Besides this few points that i have stated, kindly give your thoughts on how to detect a likely crashing exchanges.

Just as humans cannot detect any color except black with their eyes closed, I believe it is not possible to identify in advance that a centralized exchanger will go bankrupt. This is my personal opinion.
Suppose if we memorize the ftx  exchanger incident on the past no one guess that will happened before one day ago at least I don't see in my eyes any people who thought that.  And where I want to say the reason is the centralised exchangers don't provide the clear proof of Reserve and on the other sent they spends lots of money for their advertisement and marketing.

Exchange is very important for all crypto users in crypto currency would. Because we could get best profitable for this platform. So I believe that exchange should be secure for cryptocurrency traders or investors. But we can see that some exchange could be insolvent in crypto currency would. So I believe that it's very upset issues for cryptocurrency world. So I think that some reason will be for this time. I think that scanty users or liquidity also be main reason for insolvent crypto exchange. So I think that we should be awareness for this reason.

[Crypto Library]

Exchange is very important for all crypto users in crypto currency would. Because we could get best profitable for this platform. So I believe that exchange should be secure for cryptocurrency traders or investors. But we can see that some exchange could be insolvent in crypto currency would. So I believe that it's very upset issues for cryptocurrency world. So I think that some reason will be for this time. I think that scanty users or liquidity also be main reason for insolvent crypto exchange. So I think that we should be awareness for this reason.

Everything you said is correct, exchange is very important yes exchange are very important for the day trader or the short-term trader it cost lowest trading fee but also they were very risky as well becuase of they are centralized. As I have already mentioned in my previous post they got insolvent for lots of cause such as their activity and their proof of reserve are not clear to the people and I also think these are the cause for their insolvency not only the scanty users or the liquidity,

[legend45]

Now, to detect a crashing exchange, whether Dex/CEX, you will notice two common issues,
1.Scanty users. The number of users on an exchange determined the exchange's revenue capacity to settle operational cost and other expenses.
2  No liquidity, and that is, no 24hours trading volume. Besides this few points that i have stated, kindly give your thoughts on how to detect a likely crashing exchanges.

Just as humans cannot detect any color except black with their eyes closed, I believe it is not possible to identify in advance that a centralized exchanger will go bankrupt. This is my personal opinion.
Suppose if we memorize the ftx  exchanger incident on the past no one guess that will happened before one day ago at least I don't see in my eyes any people who thought that.  And where I want to say the reason is the centralised exchangers don't provide the clear proof of Reserve and on the other sent they spends lots of money for their advertisement and marketing.

Exchange is very important for all crypto users in crypto currency would. Because we could get best profitable for this platform. So I believe that exchange should be secure for cryptocurrency traders or investors. But we can see that some exchange could be insolvent in crypto currency would. So I believe that it's very upset issues for cryptocurrency world. So I think that some reason will be for this time. I think that scanty users or liquidity also be main reason for insolvent crypto exchange. So I think that we should be awareness for this reason.

We must be able to choose a good exchange for exchange and trade there, see fundamental and team behind their project. If I prefer to choose the top exchanges such as binance, Bybit, Coinbit, OKX, Kraken and Kucoin. Maybe everyone has consideration in choosing a stock exchange, and it is adjusted to our choice.

[Crypto Library]

We must be able to choose a good exchange for exchange and trade there, see fundamental and team behind their project. If I prefer to choose the top exchanges such as binance, Bybit, Coinbit, OKX, Kraken and Kucoin. Maybe everyone has consideration in choosing a stock exchange, and it is adjusted to our choice.

Even thought the most valuable tips will be try to not use the centralised  exchangers for holding bitcoin or the others cryptocurrency. In case of long term holding we must  should use the decentralize wallet like if the fund is big then people should use the hardware wallet for holding his asset.

Although we don't have any other way to use the centralised when we are exchanging our cryptocurrency by the low fees. And the features we will find on centralised exchanger that not gonna see in the this centralised exchanger and also the trading fees.

[SamReomo]

We have to choose an exchange that has a good reputation, don't put our funds in an exchange that doesn't have a good reputation, because we have to be careful with our funds.
I choose binance, kucoin and some top exchanges in trading and so far it has been safe.

I fully agree with you, it's not at all a good decision to keep your funds in an exchange that's not good in reputation. I know that it's best to keep your funds in a personal wallet whose keys are in your control but when you're into trading then no matter what you'll have to keep some funds in your trading account and for that I believe Binance is a good platform. I have been using Binance from 2017 if I remember it correctly and so far I haven't face any issue with it.

[Aanuoluwatofunmi]

When we are using an exchange which does not have a regular or rapid response team that support their users from the platform, either by email or through the number provided by the gambler as well as the user profile message, then we may have to check on what's more good for us, because no reputable gambling platform will be holding down on their users right and denied them of it all because of their own selfish interest.

[Mia Chloe]

There are a lot of exchangers in the market but since you have to deposit money there you should not play with your own money. Always use reputable exchanges for trading. But if any tokens are available for free from events like Airdrops then they can be exchanged on any exchange but for fund safety one should always hold funds on reputable exchanges. Exchanges try to attract users with events like launchpool.  HOTBIT was once a pretty good exchange they scammed.  So you should never play with your money

Every single market is flooded with a lot of brands and different organisations or institutions, and same is for the case of exchanges. There are a lot of scam exchanges out there. Some even extort their traders with unnecessary fees and unfavorable trading benefits. I think one of the major ways to spot exchanges of low potential and possibly fake ones is to observe their fundings and also potential hodling and gross value.

Most of these big exchanges have a huge ton of Hodling especially in highly valued currencies like bitcoin Most especially and also Ethereum most times. To an extent some do have USDT hodlings too to also facilitate changes in dynamic rates.

[bayu7adi]

Some additional things that might be able to continue from the two points you mentioned...

3. There is no quick response from customer service for customer complaints, I'm sure some people must have experienced problems and the only solution is to chat directly with customer service to solve the problem... So a good exchange should also have good customer service quality.

4. Good UI. Although this is rarely considered, a good UI is one form of marketing strategy to make users comfortable... when users feel comfortable, that will make the number of users grow... that way the sustainability of an exchange will continue because it has a strong user base.

5. Good history and reviews... I am quite sensitive to user reviews, the better the platform rating based on user assessments, the more I trust the platform... but it also needs to be studied, whether it is a fake review or a real review... you must have understood this, right?