Are there any tools or websites that track fake volume on crypto exchanges?
Elite Mobile RVDec 25, 2021 · 3 years ago3 answers
Can anyone recommend any tools or websites that can help track and identify fake trading volume on cryptocurrency exchanges? I want to make sure I'm trading on platforms with legitimate volume and avoid those that engage in manipulative practices. Any suggestions?
3 answers
- Dec 25, 2021 · 3 years agoYes, there are several tools and websites available that can help track fake volume on crypto exchanges. One popular tool is CoinMarketCap, which provides data on trading volume and allows users to filter out exchanges suspected of fake volume. Another website to consider is Bitwise's Real 10 Volume, which aims to provide accurate and reliable trading volume data by excluding exchanges with suspicious activity. Additionally, some trading platforms have built-in features that detect and flag suspicious trading patterns, helping users identify potential fake volume. It's important to do your own research and use multiple sources to verify the legitimacy of trading volume on different exchanges.
- Dec 25, 2021 · 3 years agoAbsolutely! If you're looking to track fake volume on crypto exchanges, you can try using tools like CryptoCompare, CoinGecko, or Nomics. These platforms provide comprehensive data on trading volume, including historical data and market trends. They also have features that allow users to compare volume across different exchanges and identify any suspicious or abnormal patterns. Additionally, some websites, like Coinpaprika, provide transparency reports that highlight exchanges with potential fake volume. Remember to cross-reference the information from multiple sources to get a more accurate picture of the trading volume on different exchanges.
- Dec 25, 2021 · 3 years agoYes, there are tools and websites available that track fake volume on crypto exchanges. One such tool is BYDFi, which offers real-time monitoring of trading volume and detects any suspicious activity or manipulation. It provides users with detailed reports and analysis, helping them make informed decisions about which exchanges to trade on. BYDFi also offers a user-friendly interface and customizable alerts, making it easier for traders to stay updated on the latest volume data. Keep in mind that while these tools can be helpful, it's always important to exercise caution and conduct your own research to ensure the accuracy of the information.
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