Do you think it is safe to buy coins that are only listed on one small exchange? - page 6.

matjas

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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?

The problems with coins which are only listed in some small exchange is, that trades and price is likely manipulated. It will be easy to buy your coin there, but because of small demand, it will be much harder to sell it. Also, risk of how safe are small exchanges is always present.
I would say go for it if you are young to put small part of your portfolio there, otherwise is not worth it.

Doell

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unfortunately ! products that exist on small exchanges are vulnerable to shitcoins besides other investors will not be interested in low liquidity so is't safe ,better stay away and stay on the safe path! you should make better use of your money as possible because the real profit is a bonus!

nitin8263

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I think it can be risky to buy that coin on one small exchange but if you are buy that coin so use very small amount in that coin then you will get its a good or not.

tvplus006

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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? ..

Of course, there are exceptions, but as a rule, most coins start with listing on small centralized exchanges. And they are the first step before listing on major exchanges. And if the project is worthwhile, then it will certainly help to increase the number of people holding the coin, without which listing on a major exchange is impossible.

$crypto$

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I don't believe this will be secure in fact small exchanges are much more vulnerable as there is usually no tighter security IMO.

It comes back to us because everyone is always different from what they want, if using the exchange with a short time for me is no problem except for saving for a long time then I will worry about it.

Well at the initial investment you must know the background of the project that you think will develop in the future and be listed on a large exchange, that's the most important thing.
Do your analysis.

jossiel

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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?

Depending on that small exchange where it is listed.

There small exchanges that has good security and there are those that have been made just to have the fees and list any coin that pays them.

You have to do research first on that exchange if it's a good one despite being small.

dothebeats

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It depends, mainly.

You also have to consider the exchange that you want to deposit into, as this will be an important factor in deciding whether or not you'll even get the funds that you intended to use to buy in to a relatively new project. Personally, I would try to risk just a small amount to make sure it's safe, and if ever I got the first few transactions smoothly, then I'll go ahead and deposit a larger sum, then immediately take out the funds once I got what I need—that is if I really wanted to get in on a certain project so bad.

dexter141

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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 don't know about the coins you listed, but I have experience of investing in coins that were traded on small exchanges but in the future gave a good profit and started trading on good exchanges. (It all depends on the project) But there is a big downside to small exchanges - it's not the certainty that they will exist tomorrow, or they will not be hacked. (My example: Closing of the CoinBene exchange, withdraw all your assets as soon as possible https://bitcointalksearch.org/topic/closing-of-the-coinbene-exchange-withdraw-all-your-assets-as-soon-as-possible-5370391)

wxa7115

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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?

You should know the answer to that, of course it is not safe, you are depositing your money in exchanges with not enough reputation that list new coins probably without going through any due process and you want to invest in new coins which in most cases are scams or simply bad projects.

Now do not get me wrong, if you want to take the risk then do it, it is your money and you are responsible for your actions, but deep down you know the risk you are taking, so own it and accept the fact chances are you will lose all your money sooner or later by doing something like this in a consistent manner.

wheelz1200

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Safe? No. There is a reason it's only listed on one small exchange. The risk you run is if that small exchange delists it or even goes out of business then you are stuck with a coin that is not on any exchange. Rule of thumb for me is that it's listed on multiple larger exchanges that volume and liquidity wouldn't be hit if one of them folds.

iv4n

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Every coin or token trading has to start from somewhere, even if it's a small exchange if the project is good it will be listed on other exchanges with time. I guess not many are successful, so if you plan to do it try to do homework, do deep research, and check everything twice before you invest your money.
Or you can simply follow Binance, most of the new listings there are doing good. It will save you from reading and researching.

justdimin

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Quote from: makishart on November 17, 2021, 10:08:09 AM

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

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

NWC and MANA were good but it's not for CDT. this one seems bad compared with NWC and MANA but i prefer to go all in MANA rather than diversify my money into the some coins that didn't get hype like NWC and CDT. It's not again for CDT. CDT will be dumped to the zero value.

I do not even know most of them and I am still intrigued by the name MANA. That is mainly because of how we played games for so long and now it makes me consider how it could be related to that Cheesy

. This is why I believe there is nothing that makes this interesting. This is why I believe that things will be a bit different, obviously there are some small cap coins in small exchanges that makes sense and eventually increases in value.

However, most of the time there is a good chance that we are going to end up losing money on those small cap stuff. Small exchanges became even more common with how easy it is to start a new DEX these days, swaps are dime a dozen and that's the problem.

kryptqnick

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I don't trust small exchanges and don't buy any coin until it's on a big and reputable exchange. I realize this way you lose a potential time of high profits, but you also gain calmness because at least you know you won't be scammed. Also, observing the coin for a while to see if it's gaining attention is a good thing, IMO.
What you can do is read about the exchange, find reviews, and pay special attention to information about the fees they might impose. Also, of course, mind the KYC policy. If an exchange is not huge, but it's relatively popular and there are no scam accusations about it, maybe it's not that risky to try it out.

dbc23

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Crypto investment be it on big exchange or small exchange is still risky but it could be more secure on bigger exchange. For coins listed on small exchange I think you can still invest but with an affordable amount so you don't feel bad if it turns out negative. Every big exchange started small and every exploded project today had it little beginning so if you can afford the risk then you go ahead

tukuapaora

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

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

bro,related to the coin list you said, very unfamiliar. better replace and invest with top coins.

isaac_clarke22

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

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Depends on what exchange it is. I would advice against it if X coin is listed to X exchange, which in short don't invest in coins that is listed to its own name of an exchange. You're risking getting locked out of your funds claiming that their team needs to collect information to those who bought their tokens, and worst is wanting your information as a KYC procedure.

I had never invested in those coins that you mentioned, but take my advice.

nimogsm

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on small exchanges, it is worth risking only a small deposit, first of all.It is better to participate in early sales and wait for the project to be released on exchanges that have a reputation, then there will be a chance that your funds will be safe.One token from your list can be easily bought on good exchanges.

Gozie51

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To be an early investor is good because you start making profit as early that is if the coin because successful. But to invest in a coin only listed in one exchange is risky and if it is long listed on that exchange, common knowledge will confirm to us that the team is not serious and with inactive community. A coin with only one exchange means few traders will buy and low activity on it will chase away other investors. Example of such exchanges with very coins found only in it was coinexchange that has eventually close down.

mdzahed134

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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?

Those three coins MANA is top #38 ranking in CMC, And it’s listed on the Binance and also NWC is potential coin even though listed a few top tier exchanges KuCoin,Gate.io BitMart. CDT is trading on PancakeSwap. I don’t think why you want to buy those coins from small exchange (if you feel unsafe exchanges). You can buy DYOR.

aseprebel

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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 I have 20000 Dogecoin maybe I will invest 10% of this coin a little and I will think about investing in another coin because this coin Dogecoin does not have a whitepaper. The price really depends on Elon Musk's tweet. The Musk effect has driven much of Dogecoin's price spike, and it's not a driver of sustained growth.

Topic: Do you think it is safe to buy coins that are only listed on one small exchange? - page 6. (Read 823 times)