Topic: HOW RECOGNISE NEW COIN & EXCHANGE? (Read 220 times)

There is a difference between trust in a currency and trust in a platform. The intrinsic value in cryptocurrencies is decentralization, and therefore there is no authority to issue and determine its value, and from it the value lies in the project so that it can compete without any legal paper and have a future like Bitcoin.

As for the platforms: If they deal in paper money, they need a license, legal papers, headquarters and other documents that you can request from them. Or they are dependent on cryptos, and here you may need legal papers in some countries.

Most new exchange and coin-based projects do not have legal documents, only a few are registered.
now there are so many ICO projects that eventually run away with investors' money, before you participate in a project you should first study the project. for example "whitepaper, roadmap, team and others.
I myself can not be sure that the exchange is trusted or not

Wrong subforum, buddy. And most airdrops are dead since 2018.

Hey guys there is a new airdrop a QUANTUM GENERATION. It is really awesome a great coz it has a big airdrop value.

If there is a way to find out what coins are worth investing and what new exchanges are trustable with any amount then no one will say crypto market filled with lot of scams so every user have to user their common sense why need new exchange or new coin.Better go with safest and reputed if you care about not losing your money.

You have to update yourself. As the market is growing day by day so you should follow the trustable coins and exchanges. For example- Before 2years when binance launch bnb every one has that perception it is a fake coin it will not give any profit to anyone. Now you can see this bnb coin grew very fast and the most important thing it was introduced by the world's best crypto exchange Binance. Like this, you can do your research about any coin or any exchange.

True, I don't see new emerging ICOs worth attention and investing. But I always considered ICOs to be waist of time anyway.
When it comes to exchanges there are too many of them and not all are trustworthy. You don't have to try every new exchange, there are no some special conditions that will enable you extra profit. It's better to wait for a while to see how risky it is, is it a scam or not. You don't have to be the first one to try it.

Well, they should have legal documents to be presented during launching of their product. Just like checking on the website, whitepaper, the team behind and other documents show their legalization. But even they had passed all of these you can't assume that you are safe, there is always a risk. Indeed, forum is a great tool to find and busted fraudster projects. We have a concerned citizen here to always investigated scam projects and fake documents. You can check it here, https://bitcointalk.org/index.php?board=83.0.

There is always two side to a coin. Waiting for a year for a project that has good value would also meaning buying high and most of these altcoins don't have a history of overtaking previous high and that could mean after the one year or when you get inside, it starts dumping.

There is no reason to cut any slack to a brand new exchange. Let someone else take the risk. There are enough established options for almost anything. If whatever you have a boner for isn't on a decent exchange then that should tell you enough.

As for shitcoins, nobody can tell you anything. More than likely it's going to be a miserable failure. Approach it with that expectation and you won't be disappointed.

I would wait at least a year before investing in some new coin. Most often, this is enough to understand what will happen to it next.

The growth of cryptocurrency in the last decade is quite fast and there is no one who forbids anyone to start their business in crypto including making new coins and new exchanges unless it is collided with a country regulations. For some people, the existence of crypto has made them start new fields of business and profit by various efforts and what is quite real is the development of new coins and exchanges.

The main thing that is a challenge for developers and the exchange of new coins is market competition. This is not easy because they have to make every effort to create new exchanges and coins that are safe and look legitimate and acceptable to the public. But what is unfortunate is the increasing interest of scammers to deceive this community with their efforts to make new coins or exchanges so that all members of the community must be careful in choosing coins and exchanges before they invest their money there.

The emergence of public doubts about the exchange and new coins that have not been tested will only hamper the growth and interest of investors and others to use the exchange and invest in legitimate new coins and of course this is the negative impact caused by irresponsible people. For security reasons, most people advise not to be affected by exchanges and new coins because the risk of security and losing money is higher than coins and exchanges that have proven their validity.

There are some projects that doesn't have any legal documents and have been great so far just like bitcoin (For what I've known) it still depends on the project itself whether it will be a fraud or not.

If it's a project you should study how all things work on their project they have their whitepaper wherein all kinds of information is written and there are some projects that have a working platform and it ended up badly.

In regards with exchange the platform should have a good feature in security and a good whitepaper and here it comes a legality (if its an exchange) i'm not sure what kind of legality hey should provide... but a good exchange have also a good volume market.

The bottom line I think you should stick with reputable exchanges so you'll know that your assets are in good hands but don't store it there since they're immune to attacks.

There is no such as legal documents for a coin. Perhaps some Exchanges have licence documents which is not much useful for traders. More important is how trustworthy an exchange. Only you may read on whitepaper about a coin, their future development plan and what is concept. As we can see most of project last year's are not successful even after listed on exchange. There were some sudden pump and dump again. For general traders like us, better to avoid dealing with new coin after listed on exchange. Just wait few months and look on the movement. Likely you would get more better chance to get profit from it. If not, then just skip, at least you had not lost anything.

What I would like to know is what benefits do you see in using a completely new exchange in the first place? Reputable exchanges have usually been around for years. They have had little to none security breaches, they are liquid enough and have a big enough user base to facilitate trades.

With new exchanges we still don't know what their intentions are. Are they looking to load up on crypto to do an exit scam... Are they collecting user info for scams... Is their security good and has it been tested...

Famous exchanges can also do all of the above and you shouldn't blindly trust any of them. But even in the case of security breaches there are exchanges whose assets are insured and in the past they have refunded their users, if the breach was the fault of the exchange. We can't know what these new exchanges would do if something like that happened to them.

Not actually. Especially right now when ICOs are pretty much dead, it's safe to assume that most projects don't even get a chance to get off the ground.

But if you want to go for it anyway, probably check the Altcoin Announcements[1] and Service Announcements[2] section for new projects.

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[1] https://bitcointalk.org/index.php?board=159.0
[2] https://bitcointalk.org/index.php?board=84.0

    In last year there are so many coins and exchanges were displayed in market.

    The starting period of every coin and exchange is always glorious,they all looks like long term investment but some of coins and exchanges cannot
    stick to market for long term.

    How can we recognize the new coins & new exchanges are safe (not fraud).If there are group of people (ex.40-50 people) are making coin or
    exchange, is that trustable or it doesen’t matter that there are only 5 people?

    How can we recognize new coins and exchange, what legal paper have to be on them website on that we can assure coin and exchange is trustable?