Pages:
Author

Topic: Do you think it is safe to buy coins that are only listed on one small exchange? - page 3. (Read 823 times)

sr. member
Activity: 1701
Merit: 308
I don't follow all the projects you mentioned, but if you want to invest in a new project then the risk you receive is greater so you should be prepared to lose your assets if you fail, but you also have to see the development of the project you mentioned if it is already listed on a large exchange then it never hurts to invest in the project, Because security is more secure to be in it.
legendary
Activity: 1652
Merit: 1000
Until this year there was billions of dollar were stolen by the hackers through the exchanges and it showing putting your funds to the exchanges are quite risky and you have to realized that small exchanges or big exchanges there is no difference between both of them that they are equally risky and while buy coins what is your primary purposes because if you buy the coins for investment i think moved your assets to other wallets and it safer than rely on the exchanges to store your funds
jr. member
Activity: 394
Merit: 1
XEGGEX
The risk is very high if you trade on a small exchange it is very easy to hack because the security is very low, I say you should buy coins that are listed on a large exchange which is guaranteed to be safe from hacker attacks.
            
legendary
Activity: 2212
Merit: 1008
I want to start investing in early projects, and I want to ask if you buy coins on small exchanges? Is it safe? And to what extent are such exchanges protected from hacker attacks?

I am interested in such coins as nwc, cdt and mana, what do you think of these projects? Should you buy these coins?


I think that there is no reason to not invest in something just because they are only listed on small exchanges.

However, MANA is definitely listed on more than just small exchanges. I think that it has some potential as a project and it is also on Binance.

Just be careful that you are actually buying early stage coins, where it is natural to not have large listings. If it's an old coin that has been around for a while already, it's probably a sign of things to come if it's still only listed on small exchanges.

I agree with you. Investing on something that is being listed on smaller exchanges, compared to others, is not a mere limitation in deciding if the investment must be continued or not. Being listed under such may be due to many reasons, one of which is the smaller fees. However, in connection to your statement, staying under small exchange may also indicate some setbacks. And so, when one decides about making investments, research and analysis is the greatest advice that can be given, again and again.
full member
Activity: 1302
Merit: 115
Pepemo.vip
Sometimes it is necessary to take big risks for big incomes. You can prefer small exchanges, but you should do this at the risk of financial loss. I've never tried anything like this before because a lot of research should be done beforehand. I hope you will make the right decision after a detailed examination.
hero member
Activity: 1526
Merit: 596
I want to start investing in early projects, and I want to ask if you buy coins on small exchanges? Is it safe? And to what extent are such exchanges protected from hacker attacks?

I am interested in such coins as nwc, cdt and mana, what do you think of these projects? Should you buy these coins?


I think that there is no reason to not invest in something just because they are only listed on small exchanges.

However, MANA is definitely listed on more than just small exchanges. I think that it has some potential as a project and it is also on Binance.

Just be careful that you are actually buying early stage coins, where it is natural to not have large listings. If it's an old coin that has been around for a while already, it's probably a sign of things to come if it's still only listed on small exchanges.
hero member
Activity: 2114
Merit: 740
Leading Crypto Sports Betting & Casino Platform
Personal analysis is necessary. If there is a strong urge to invest in coin listed on small exchange, the only thing you won't miss is losing everything. That is the initial risk that you must remember. The market will fluctuate all the time, You can buy any number of coins you like periodically, after that you can see how it moves, If you believe that there are signs of improvement, there is no problem adding to the collection of coins you like.
Fear of missing out (FOMO) is a surefire way to get rid of the wealth you have accumulated over the years. I hope you can avoid that.
member
Activity: 790
Merit: 44
I am interested in such coins as nwc, cdt and mana, what do you think of these projects? Should you buy these coins?

You can get NWC coins on the KuCoin and Uniswap exchanges, they are not small exchanges, they both include international exchanges, if you are in doubt about the exchange you mean.
The same thing with cdt coin, it is listed on the pancakeswap exchange you can also get it there.

Small and large exchanges in my opinion are not immune from hacker attacks, it doesn't matter if you want to buy them on these exchanges.
hero member
Activity: 2926
Merit: 722
DGbet.fun - Crypto Sportsbook
If you want to trade, my advice is to choose to trade on a large altcoin exchange, which also has a lot of potential and popularity, whereas if you trade on a small exchange, the limit provided is also limited and that's certainly not far from the risks we face, it could even be losing the money you have.
it is better to trade on decentralized exchanges. Otherwise, until you withdraw your tokens from the exchange, consider that they are not yours. All because the centralized exchange can easily block them indefinitely.
You dont have  the keys then its not your money or coins and this is what you should think off whenever you do really deal off with centralized exchangers.

Im not saying its bad to deal with small ones yet it cant really be denied that there are some coins which are only listed on these exchange which you cant find on bigger ones.

Finding gems or have potential wont be easy because usually coins been listed on these exchangers arent really worth the attention.
legendary
Activity: 1862
Merit: 1518
I don't think it's safe if you invest in a coin listed on a small exchange platform of course there will be a risk of losing your money because the team may have done this due to a lack of funding from the investors or that the project team does not have enough capital to list their coin in a large reputable exchange, so how will they develop the project if they do not have capital?!
jr. member
Activity: 658
Merit: 1
as for my opinion in crypto nothing is safe, also when you buy coins in early begining on small exchanges it could have serious raising in future, but it is like lottery!
hero member
Activity: 2702
Merit: 704
Bitcoin is GOD
It's best not to try with small exchanges guys because they are very vulnerable to losing our assets or being stolen.
If you do have a large capital, then it is better for you to trade on a bigger exchange and have a clear profit.
Some people are attracted to small exchanges for several reasons but one of the most common is that big exchanges require that the developers pay a high fee to get listed, and many small projects cannot pay that fee, so they need instead to get listed in small exchanges.

So if you are interested in a small coin that you think it has a lot of potential you do not really have too much of a choice, you either join a small exchange or you try to get the coin you want in a P2P trade, and taking into account a P2P trade is risky as well many prefer to go through the small exchange route.
sr. member
Activity: 980
Merit: 252
I cannot recall a case when any interesting token of a new serious project appeared only on a small exchange, instead of being immediately accepted on one of the leading exchanges. If such a token appears only on a small exchange, then it is not interesting for serious investors, that is, it has little prospects for growth.
sr. member
Activity: 1176
Merit: 282
If you want to trade, my advice is to choose to trade on a large altcoin exchange, which also has a lot of potential and popularity, whereas if you trade on a small exchange, the limit provided is also limited and that's certainly not far from the risks we face, it could even be losing the money you have.
it is better to trade on decentralized exchanges. Otherwise, until you withdraw your tokens from the exchange, consider that they are not yours. All because the centralized exchange can easily block them indefinitely.
sr. member
Activity: 2106
Merit: 282
👉bit.ly/3QXp3oh | 🔥 Ultimate Launc
I am by far keeping some of my biggest assets in cryptocurrency in the binance market. So far, there are no problems, such as hacking. Even binance has high security makes everyone comfortable trading there. You can also try it directly to visit https://www.binance.com/en
sr. member
Activity: 1666
Merit: 268
That's right, everyone will see the top exchanges for investing, even the tokens are already listed on the best exchanges, this triggers a lower level of risk compared to tokens that have not been listed on a guaranteed exchange, indeed exchanges are not the only basis for investing , but this is also an important part in determining investment, small things like this cannot be ignored, considering that no matter how small the risk, we must be able to control it properly.
It actually makes sense that most investors end up preferring reputable top exchanges. Because the risk of exchanges being scammed is very small,
after all, top exchanges usually have a high level of security. So it's safer to invest or trade on top exchanges, that's why top exchanges always have
a fairly high trading volume. If we compare it with small exchanges that do not yet have a reputation and the security system is also still low, indeed
more potential to be a scam, so many investors are hesitant to use small exchanges. But not all small exchanges are bad, but the risk of losing
money is much higher than using top exchanges. The conclusion is that it is not safe to use small exchanges to buy coins, unless the coins have
potential and have not been listed on top exchanges. That's a different story, we have no other choice and have to use small exchanges, but if the coins
we want to buy are already listed on top exchanges, of course we should prefer to use top exchanges than small exchanges.
That's what I practiced while getting to know this forum, although I've also made purchases on small exchanges that didn't have a good reputation, the potential of the top exchanges is easy enough for us to learn to analyze, considering that this exchange is quite active and crowded, let alone talking about big investors, they certainly don't want to get involved in risky small exchanges, even if we see a lot of exchanges that don't register a level of security for users, then to avoid those risks, it's best to switch to clear exchanges.

Usually top exchanges are already equipped with very complete features, so we can more easily analyze the market. Another thing I like about
top exchanges is that the number of coins listed is also very large, it gives us many choices of coins for trading or investment. Usually coins listed
on top exchanges also go through a strict selection, because it is not easy for new coins to enter top exchanges. Then most big investors prefer
to use top exchanges, because the risk of losing money is very small if they use top exchanges. We often hear of small exchanges suddenly
becoming scams, and small exchanges are easier to hack, what's scary is that some small exchanges have fake trading volume too.
member
Activity: 532
Merit: 11
Many people underestimate the coins that are still available on small exchanges, but many big projects started from small exchanges so I never hesitate to buy coins listed on small exchanges as long as I believe that it is a real and promising project.
full member
Activity: 686
Merit: 100
It's best not to try with small exchanges guys because they are very vulnerable to losing our assets or being stolen.
If you do have a large capital, then it is better for you to trade on a bigger exchange and have a clear profit.
member
Activity: 644
Merit: 10
Most of the new projects are listed on small exchanges, and I don't think this is a problem, as long as they do their job seriously then buying the coin will make us a big profit, but we have to be careful because currently there are too many scam projects.
full member
Activity: 468
Merit: 100
Experience the Future of DeFi
I want to start investing in early projects, and I want to ask if you buy coins on small exchanges? Is it safe? And to what extent are such exchanges protected from hacker attacks?

I am interested in such coins as nwc, cdt and mana, what do you think of these projects? Should you buy these coins?


I also invest in small exchanges but in a minimal amount as I think it is prone to hack since it is still on its early stage. Though there is a risk associated in big exchanges as well. But for those early projects, I think they were first listed on decentralized exchange, where the risk of hack is less compared to centralized exchanges.

There is always risk of being hacked. What I can suggest is, always put extra careful on websites you are visiting. Because unsecured links mostly contains viruses and other internet attacks to hack your assets.
Pages:
Jump to: