Do you think it is safe to buy coins that are only listed on one small exchange? - page 5.

wxa7115

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Quote from: Russlenat on November 18, 2021, 08:24:49 AM

Quote from: minurre on November 17, 2021, 07:57:41 AM

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?

Most of the coins that are listed in small exchanges are not safe, why? because their listing fee is cheap, therefore the scammers can afford to get their project listed. Small exchanges have not built a good reputation yet, so most probably they don't conduct a thorough investigation before listing a coin as they could always tell us that they don't dictate the price movements of a certain coin.

Although I'm not saying buying coins in small exchanges is bad, just always remember that the risk is high on non-reputable exchanges, but if you are lucky to buy a gem, it will certainly give you a decent profit.

People need to learn to accept both the good and the bad, if someone wants to invest in new coins then as much as I do not recommend this they are free to do so, but they need to accept the fact they could lose their money at every single step they take.

To try to invest in new coins but at the same to want this to be safe makes no sense, investing in new coins is risky as hell in this market, sending your money to new exchanges is incredibly risky as well, and sooner or later someone doing this will be scammed, however can you overcome those risks with your trading skills? If you can then it may still be worth it, but if it is not the case then most likely the losses that you could suffer will be massive.

tokyohd

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I think it is't safe to buy tokens from ordinary small exchanges. I am a victim myself. Because, We are all know that, there was an exchanger called Bilaxy. I bought T2L token from the Bilaxy Exchanger. The Bilaxy Exchange is currently missing and my tokens are useless.

Nalbo

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Quote from: minurre on November 17, 2021, 07:57:41 AM

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?

If you have options available, I'd always recommend a popular exchange or DEFIs. I have personally went through a lot of unnecessary hassle while trying to save a small fee using a less known exchanges. They don't necessarily be a scam but most of them don't have a solid functionality and if you encounter any problems, it's hard to fix it.
And if available, go with DEFIs, nowadays most of the coins have a pegged DEFI counterpart which makes it easier to purchase and trade any popular coins coins in DEFIs.

gurunanakji777

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You can start investing in early projects if you think it has the potential to grow the coin you mentioned in your post I did not hear much about but I heard about mana I think it is an old coin in the market. If you follow the project and keep an eye on the development of the project according to their roadmap then you can consider buying if they are not implementing their roadmap on time then one should avoid such projects because due to being listed on small exchanges such projects can diminish. In the end, I would say if you trust these projects you can have these coins otherwise leave it and search top 100 coins and select from them.

Pahom

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Quote from: minurre on November 17, 2021, 07:57:41 AM

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 it is not reliable to connect your wallet to such exchanges, so when you do it, don’t forget to do unrekt then and also don’t approve spending the unlimited amount. Actually, the price of tokens is growing when there are a lot of investors, but if this exchange is small and unpopular, there will not be a big demand because people are not aware of this platform.

nekorakoeora

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A little doubtful but coins that are in a large market certainly come from a small market first. In addition, coins in small markets are certainly also very cheap so that they can provide high achievements. But this is a little risky because most are in small markets as well because they can not penetrate large markets so it seems to be not a coin that has a good future.

maydna

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Quote from: dimonstration on November 18, 2021, 08:19:05 AM

While the risk is really their but if the coin have potential and think worth risking then it can be fine if we wanted to have it in their early stage. If that coin is indeed good they will probably be listed soon in major exchanges. Just make sure to follow their development and their exchange goals. There is a need to know what they can do. It’s a matter of risking or waiting them to be listed in other exchange.

If the coin is worth it, the team will not just be listed on the small exchange but will contact major exchanges to get on their list because the coin will get more attention from traders and grow faster than in the small exchanges. Many new coins start in the major exchange because they know that their coins are worth it to reach more investors from the exchanges.

Quote from: geegaw on November 18, 2021, 12:36:19 PM

The growth rate of coins on small exchanges is really low when daily trading volume is not a useful number, it is almost a fake number, besides, most of them are projects that try to list so that the development team can sell tokens to convert to money then abandon but scrap will also have diamonds mixed in it. So, for those who like to get rich after a project and adventure in treasure hunting, small exchanges have options for them, large exchanges include only sustainable forms, keeping reputation and reducing risks for customers

But it is difficult to hunt the coins in small exchange because many of the coins are hard to grow. Not many traders on that small exchange seem to be interested in using the coin to make a profit. Besides that, the price moving will be too slow than in the major exchange with so many traders who want to make a profit. It will be up to them to choose the small exchanges to trade.

azhariejaya

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If you are afraid of a hacker attack, even large exchanges can be hit by hacker attacks. It has happened before. Hacker attacks don't always target the exchange directly but attack users from the exchange. Therefore the security aspect of personal accounts is better to pay attention to than to think about the risks exchange was hacked.

Of the 3 coins you mentioned, if mana you mean is decentraland, I only know about that, one of the projects from 2017 and starting to experience a rapid increase this year.

TopTort777

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If a project has a "big sponsor", then why should he get listed on a small exchange? He should move to a bigger one. It will make projects price go up more quickly.

I doubt that project will post daily reports with work done, milestone achieved. It is better to do it monthly. Doing it daily will turn work into routine and such reports will annoy workers. I know what I am saying, I had to make daily reports myself; to report every 5min I spend. I spend about 20min of my work filling what I have done at 9:00, at 9:05, at 9:10 and etc. Total bullshit.

ZAINmalik75

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This is safe to buy the new coins which are listed on small exchanges but there is one thing that this project must be those project which show progress on daily base or weekly base and which has always new announcement coming some partnership . and the main thing is that his sponsor must be big brands if all these quality found in any project then your investment in those project must be profitable

geegaw

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Quote from: maydna on November 18, 2021, 08:10:34 AM

Quote from: minurre on November 17, 2021, 07:57:41 AM

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 am not too interested in buying the new coins in a small exchange because the coin will not have a chance to grow. Small exchange doesn't mean they are not safe from the hacker because perhaps, the hacker will give more attention to the big exchanges as if the hacker can penetrate to that exchange, they can get more money. You should search for the other coins in major exchanges because that can give you a chance to make a profit

The growth rate of coins on small exchanges is really low when daily trading volume is not a useful number, it is almost a fake number, besides, most of them are projects that try to list so that the development team can sell tokens to convert to money then abandon but scrap will also have diamonds mixed in it. So, for those who like to get rich after a project and adventure in treasure hunting, small exchanges have options for them, large exchanges include only sustainable forms, keeping reputation and reducing risks for customers

smartaction

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Quote from: minurre on November 17, 2021, 07:57:41 AM

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?

It is not safe to investment on small exchange listed token. Boz Real and big project team will not list there token on any normal exchange. They can take a long time for token listing but they will not choice any small exchange. You can invest in ICO or IDO. but before investing you must research and investigate that project carefully.

WalkerIVIV

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As long as that small exchange site is very well known by community and it doesn't have bad track record and it's safe. I have been using various small exchange site like hotbit and many more. Some of them were not reputable exchange site but i never had any problems with it. This may be different with others but im so lucky about that. I do believe even small exchange sites regularly auditing and doing maintenance for its service to prevent vulnerability that can be used by hacker but remember that it's not all of people were using the same way to detech bug or vulnerability.
Any centralized exchange site has chance to be hacked and by the way. Decentraland token aka mana was only coin that's worth to buy right now.

tvplus006

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Quote from: coin-investor on November 18, 2021, 08:52:04 AM

I want to post my opinion in general, not on the coins you've mentioned it's ok to invest in a new coin, it's safe based on your diligent research on the potential of the coin even if it is listed in a small exchange there are a lot of coins that I invested that started in a small exchange, just this year I'm lucky to be part of the new coin that started in a small or decentralized exchange and yet they are moving and growing in their potential if the coin is listed in a questionable exchange then wait for the coin/token to get listed in a better exchange.

I specifically registered on the Mexc and Gate exchanges, because these exchanges are the first to list new coins. Moreover, Gate does it for free, unlike other exchanges. But this does not mean that it conducts a listing without any selection. And these exchanges are of interest to traders because they give the opportunity to buy new coins at a low price before they are listed on major exchanges.

coin-investor

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Quote from: minurre on November 17, 2021, 07:57:41 AM

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 want to post my opinion in general, not on the coins you've mentioned it's ok to invest in a new coin, it's safe based on your diligent research on the potential of the coin even if it is listed in a small exchange there are a lot of coins that I invested that started in a small exchange, just this year I'm lucky to be part of the new coin that started in a small or decentralized exchange and yet they are moving and growing in their potential if the coin is listed in a questionable exchange then wait for the coin/token to get listed in a better exchange.

Russlenat

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Quote from: minurre on November 17, 2021, 07:57:41 AM

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?

Most of the coins that are listed in small exchanges are not safe, why? because their listing fee is cheap, therefore the scammers can afford to get their project listed. Small exchanges have not built a good reputation yet, so most probably they don't conduct a thorough investigation before listing a coin as they could always tell us that they don't dictate the price movements of a certain coin.

Although I'm not saying buying coins in small exchanges is bad, just always remember that the risk is high on non-reputable exchanges, but if you are lucky to buy a gem, it will certainly give you a decent profit.

dimonstration

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Dimon69

Quote from: maydna on November 18, 2021, 08:10:34 AM

I am not too interested in buying the new coins in a small exchange because the coin will not have a chance to grow. Small exchange doesn't mean they are not safe from the hacker because perhaps, the hacker will give more attention to the big exchanges as if the hacker can penetrate to that exchange, they can get more money. You should search for the other coins in major exchanges because that can give you a chance to make a profit

While the risk is really their but if the coin have potential and think worth risking then it can be fine if we wanted to have it in their early stage. If that coin is indeed good they will probably be listed soon in major exchanges. Just make sure to follow their development and their exchange goals. There is a need to know what they can do. It’s a matter of risking or waiting them to be listed in other exchange.

maydna

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Quote from: minurre on November 17, 2021, 07:57:41 AM

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 am not too interested in buying the new coins in a small exchange because the coin will not have a chance to grow. Small exchange doesn't mean they are not safe from the hacker because perhaps, the hacker will give more attention to the big exchanges as if the hacker can penetrate to that exchange, they can get more money. You should search for the other coins in major exchanges because that can give you a chance to make a profit

RussianEnglishTranslation

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Quote from: minurre on November 17, 2021, 07:57:41 AM

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?

Yes, if you aren't rich already you will make the most money by investing in small projects before they list on major exchanges. That's how I found REF, OCT, 0xMR, BAL, and Yape.

BitcoinAccepted

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I heard Mana (Decentraland) if I'm right, but haven't heard of the others. Even though they are listed on one small exchange I think they are worth it if you have read their whitepaper and you see that they're really a good project, some projects were listed on small exchange first before listing on big exchange we all started somewhere right? I think Mana is a good investment now what more if the actual project launched.

Topic: Do you think it is safe to buy coins that are only listed on one small exchange? - page 5. (Read 837 times)