Topic: Coindeal token CDL - Should I invest ? (Read 230 times)

Thanks everyone for your time and suggestions.

Yeah I also noticed that they're marketing it that they're fully licensed. Due to regulatory rules, they've limited their exchange to some country. And not whole USA is covered by them. They have their exchange service in 13 states in USA. They're trying to expand it. 


If everything goes well then your investment would be worth mentioning. But I suggest you to invest a little part of your budget and make investment in BNB, HT etc.

Coindeal is also promoting themselves as a fully registered and regulated crypto exchange if that is true then definitely its token is worth investing because not many exchanges are properly registered and licensed, regarding low volume i think that will grow with time at the moment the exchange is just building up and want higher user base.

Ignore the Coinmarketcap rank, buddy! Because you know most of the exchanges has fake volume nowadays, yet Counmarketcap gave them higher ranks! Therefore, Coindeal even couldn't make a top place where they are also known for fake volume exchange! So, You may better sell the CDL coin and buy a reputed one for investment!

It is not a new exchange, they have existed for a long time but they could not develop. Obviously this is just one of the small exchanges in this market, so never care and invest in it. Too dangerous and too few opportunities to make a profit

Coindeal exchange is still new, look at the volume of BTC they trade only 1,133 BTC, I know investing in the crypto world is very risky, but if Coindeal is successful like Binance, then your investment is very useful

I myself is looking forward to invest some money on exchange tokens but I haven't decide which exchange that will be, I can't find bad reviews on coindeal and I think the team are damn serious about the exchange platform and future development, it's a good choice if you ask me though, better than coinsbit by far

I've heard of this exchange before, but it doesn't bother me too much because this is just a small exchange. If you want to invest in exchange tokens, you should choose larger exchanges in this market. With this exchange, I only see them having 10 million $ volume per day, which is really too small

I have never traded on this exchange. There may be some traders who trade on this exchange, whose number will be very low. So you may have realized how popular they are. Since there are very few traders on that exchange. So the volume is also very low. I am not willing to invest in this exchange, they could not attract me. But all investors have their own thoughts on investing, if they get something good in this exchange then maybe they will invest.

The tokens of small exchanges are very risky, their prices can be collapsed at any time because they do not have too many volumes. I will not invest in such small exchanges because, go to binance and buy BNB. I believe you will be happy with that decision

Yes, and do not be too rash in making any investment even if we are able to lose, because basically everyone would love their money, even though it is money that is not used for anything else, but no one wants to lose money when invest.

Why would you want to invest in such a small exchange? It is best to ignore this exchange and go to other better exchanges like Binance, OKex, Huobi ... These are the top exchanges in this market, and when you invest in them you will definitely be safer and more profitable

The use case and having a product is there and that's already a check if we will base our contentment of what should a token and project be. But it's not the whole basis that we should have and we need to consider other things like the volume.

The difficulty of it having to sell is what if someday the volume dramatically decreases to the point that you're not expecting it and yet, you have invested a lot of money. That will be a hard day for you once if you let yourself caught off-guard.

I've heard about coindeal before and the 11% ROI looks legit since it's annual based, same rewards you can get from popular POS coins on today's crypto market, still I'd advice you to only invest what you can afford to lose

It's not a scam project of course and they are legit so far. They have partnership with  Wolverhampton Wanderers FC even which is a part of English Premier League. That makes sense that they are serious in there business but I don't think it’s worthy to invest in such an exchange token.

When looking at the volume of this exchange at coinmarketcap, I will immediately stay away from this exchange. They list a lot of altcoins but no altcoins have any volume, and the current volume of this exchange comes from bots in buying and selling bitcoin. Do not invest in this project because there is too much risk of loss

If you feel confused about that, then just leave the CDL token and move on to tokens that are already popular, such as BNB, ETH, and others, and Coindeal exchange is also still in the very low exchange category and very few visitors come there.

All I found about the exchange is positive. They're always active on telegram and twitter. They recently released API based mobile app.

Thanks mate. Currently I'm working on that, finding all use cases of CDL.

I hardly use this exchange, but the few times I had, there was no issues, nevertheless there have not been huge news about it when compared to other exchanges so I won't be mistaken for saying it isn't that prominent, however, matters about investing in any crypto depends on the investor and what he finds attractive in that project. Therefore in my own opinion, I will say you check the features and services about the exchange, how hardworking the team is, platform developments and so on and then decide if you will invest or not.

I guess what you're saying is true, if to invest it means that the OP will hold the coin for a long time and the daily volume doesn't look good.
should choose coins that have a lot of daily volume and listings in a decent market.
except for doing daily trading no problem you buy any coins because once you get a profit you will immediately sell it.

People call everything scam, ones they are not able to have their way then that thing becomes automatically scam, I would advice @op to do more research then decide, people call Binance a scam but even now bnb is among most selling exchange base coin out there,
If this coin has utility in the exchange that can bring demand for it, then maybe you should consider it.

Wolves are not Spanish but an English football club. 

I haven't found any scam accusations against Coindeal. I have used it for couple of times and I must admit they aren't that bad. I have some good experience in Coindeal. But if the conversation is about CDL then I might say you should have some extensive research about CDL.

CDL has a price of around 200sats just a few months ago and after launching staking feature it goes to 500+ sats but for now it's traveling from 300~400 sats for past couple of weeks. So bit of confusion.

It's not clear whether this is a scam project or not consider about there was no a scam accusation for this project and some people have been saying this is a good exchange site but just take it based on the demand that has already gotten by exchange site and it seems like this is not a recommended coin to invest. i do agree about that and it's better moving to a better one.

It all depends on you doing your research. If you feel that CDL will give you a profit, invest now, but for me personally, I'm not too interested in this token.

If you would look at exchange coins like bnb, okb, kcs, ht, that are doing great as an exchange native coin/token, then the idea is not such a bad one, I think you should not just look at the volume alone but the supply, utility of the token and the exchange team, how credible  is the exchange, how committed the team are to the development of the exchange, then make your decision,  
You can always invest just a little amount if you think it is worth it.

CoinDeal is not a good exchange in my opinion. They don't have a lot of reputation. I don't think it would be a good idea to go with such an exchange token for investing. In long run, you may lose the BTC you invested.

The volume for their token isn't so good. The exchange probably ranked because of the bitcoin trades that it had but for its native token, I don't see that it's a valuable token to invest. On their very own exchange, the volume isn't going that much.

coinmarketcap.com/currencies/coindeal-token/

https://coinmarketcap.com/exchanges/coindeal/

COINDEAL Exchange was launched at Malta in 2018. By this time they have managed to get ranked 47 in COINMARKETCAP based on liquidity.

Coindeal has 47 markets and also available in United States. They have partnered with Wolverhampton Wanderers FC a English football club to boost their existence.
https://i.imgur.com/BGLUvCS.jpg

They're planning to launch crypto debit card as soon as they reach targeted amount of users.
https://i.imgur.com/OD36zFe.jpg

Now come to the point, I have participated in their Airdrop in 2019. I forgot about it since I barely remember it. Now that I remembered it I go to their website and found that I have 514 CDL token (Their native token) in my account. The current price is 334 sats per CDL. They frequently run voting contest. i have won 300+ CDL from their voting contest and also will get 130+ CDL in next few days. Now I have over 900 CDL tokens in my account and the amount will be over 1000 CDL in next few days. They have launched staking feature past month and I can stake minimum of 1K CDL for 11% annual rate.
https://i.imgur.com/czvapKu.jpg

So my question is should I invest in CDL?


UPDATE
Thanks everyone for your time and suggestions. I've made a decision to further investigate about coindeal token. If everything goes well then I'll make a little amount of investment. And according to your suggestions I would try to invest in two most coins,
1. BNB from Binance
2. HT from Huobi