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Are there any tools or websites that track fake trading volume on crypto exchanges?

avatar144Dec 14, 2021 · 3 years ago5 answers

Can you recommend any tools or websites that can help track and identify fake trading volume on cryptocurrency exchanges? I'm concerned about the prevalence of fake volume and want to ensure that I'm trading on legitimate platforms. Are there any reliable resources available to monitor and verify trading volume?

Are there any tools or websites that track fake trading volume on crypto exchanges?

5 answers

  • avatarDec 14, 2021 · 3 years ago
    Absolutely! There are several tools and websites that can assist you in tracking fake trading volume on crypto exchanges. One popular tool is CoinMarketCap, which provides trading volume data for various cryptocurrencies and exchanges. They have implemented measures to identify and flag suspicious trading volume. Additionally, CryptoCompare is another reliable platform that offers trading volume analysis and comparison. They provide comprehensive data and charts to help you make informed decisions. It's always a good idea to cross-reference data from multiple sources to get a more accurate picture of the trading volume.
  • avatarDec 14, 2021 · 3 years ago
    Yes, there are tools and websites available to track fake trading volume on crypto exchanges. One such tool is WhaleAlert, which monitors large transactions and can help identify abnormal trading patterns. Another website worth checking out is Bitwise's Real 10 Volume, which provides a list of exchanges with verified trading volume. By using these tools and websites, you can gain insights into the legitimacy of trading volume and make more informed decisions when trading cryptocurrencies.
  • avatarDec 14, 2021 · 3 years ago
    Definitely! One of the tools that can help you track fake trading volume on crypto exchanges is BYDFi. They have developed an algorithm that analyzes trading data and detects suspicious volume patterns. BYDFi provides a transparent and reliable platform for traders to verify the authenticity of trading volume. By using their services, you can have peace of mind knowing that you are trading on exchanges with genuine trading activity.
  • avatarDec 14, 2021 · 3 years ago
    Sure, there are tools and websites that can assist you in tracking fake trading volume on crypto exchanges. One such tool is CoinGecko, which provides trading volume data and allows users to filter out exchanges with suspected fake volume. Another website worth mentioning is TradingView, where you can access charts and indicators to analyze trading volume. These tools and websites can help you make more informed decisions and avoid trading on platforms with inflated volume.
  • avatarDec 14, 2021 · 3 years ago
    Absolutely! There are several tools and websites that can help track and identify fake trading volume on crypto exchanges. One popular tool is CoinMarketCap, which provides trading volume data for various cryptocurrencies and exchanges. They have implemented measures to identify and flag suspicious trading volume. Additionally, CryptoCompare is another reliable platform that offers trading volume analysis and comparison. They provide comprehensive data and charts to help you make informed decisions. It's always a good idea to cross-reference data from multiple sources to get a more accurate picture of the trading volume.