There are so many exchanges, how do we choose

Two or three years ago, the digital currency exchange sounded like a high-end term. I remember that in 2014 and 2015, if a CX coin was listed on an exchange, it would definitely be a major good news. CX currency is the most that the project party builds a website internal disk transaction.

But now the technology of the exchange is quite mature, there is no too high threshold, and the exchange is one of the few areas in the blockchain industry where a clear profit model can be seen, so there has been a steady stream of foreign funds entering this area. field.

then,

then,The exchange has once again become an area that various teams are scrambling to break into. Although the profit model of the exchange is clear, there are already too many competitors, and the competition among them is quite fierce.

Since there are no technical barriers in this field, how to attract traffic has become the foundation of the exchange's profitability and even survival.

Large exchanges such as Binance, Huobi, and OK have already established a reputation and status in the industry with their preconceived advantages, and there is no shortage of traffic, but many unknown small exchanges have to spend their brains to attract traffic.

If you are a practitioner in the blockchain industry, you will know how many exchanges there are now. If you go to a blockchain industry event in Shenzhen, it is estimated that 4 out of 10 people are exchange practitioners.

In the Internet field, the way Internet celebrities monetize traffic is that most of them are selling goods. In the blockchain field, the way Internet celebrities monetize traffic can rise to a higher level: directly enter a subdivided field and become an entrepreneur.

However, it is still recommended that ordinary traders should mainly trade on established large exchanges.

For new exchanges, for ordinary investors and traders, we still have to remind them of the risks.Although the starting threshold of the exchange is not high, the threshold of operation and maintenance, especially the threshold of security and anti-hacking is still quite high.

Numerous examples of the eventual bankruptcy due to the theft of the exchange and heavy losses are not uncommon. In the first half of the year, the Binance Exchange was hacked to steal thousands of bitcoins, but Binance has the strength and can afford it.

therefore

thereforeOur ordinary traders still have to put safety first, and choose old-fashioned exchanges with good security performance and experience in dealing with theft as the main trading venues. We can properly participate in emerging exchanges, but it is not recommended to put large amounts of funds. Operate inside.