It's not the number of exchanges that matters, it's the trading volume on each exchange and whether both deposits and withdrawals work as supposed.
You are viewing a single comment's thread from:
It's not the number of exchanges that matters, it's the trading volume on each exchange and whether both deposits and withdrawals work as supposed.
That is partly true, but if you are in a country not supported by some of these larger exchanges, even having one smaller exchange that is supported in your jurisdiction is huge, even if the volume isn't huge.
As long as the price on that small exchange is not ridiculously unfavorable... I've seen small exchanges where shitcoins are sold at 1 ETH or good coins have buy orders at 1 satoshi or 0.00000002 LTC/ETH.