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 personally prefer to buy coins on big exchanges and those exchanges have a stable movement, regarding safe or not, you should mention which exchange, so that we can provide clear responses and comments, for hacker attacks you don't have to worry if you use the same exchange. safe and reliable. If today you are trying to buy some coins, then my advice is to switch to popular altcoins, there is no big risk you will face if you invest in popular altcoins.
There’s a lesser risk when you invest on the tokens that are already on the best exchange compare to a small one, this is not to discriminate but you just want to be more safe and be more profitable so if I’m going to invest as well, choosing the top exchange is very important to me. DEX might be the option as well for a new tokens and its fine, as long as they are a good project since later on many exchanges will list them. Invest and look on the project itself, exchanges are not the only basis to invest with.
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.
