Topic: Most of the Tokens are traded on small Exchanges, Is it Good or Scam (Read 536 times)

I don't understand how you define a small exchange, every crypto exchange must have BTC, ETH and other top coin exchanges but have low volume and sometimes small exchanges manipulate the volume of top coins even though we know they have the lowest buy and sell orders so it doesn't match the volume trading on daily trading history. It's actually very easy to identify small exchanges despite volume manipulation, so avoid trading on low-volume exchanges.

we have to look at this issue very carefully, for example on yobit the altcoins that are listed there are almost 90% scam, especially the new altcoins that are only listed on yobit, so it is necessary to note well that if an exchange is widely known as being a scam exchange and it lists a new altcoin that has not been listed on any other exchange so probably this altcoin is a scam but there are cases where there are dozens of shady exchanges that tend to have some scam accusations but certain projects list their altcons on these exchanges is how people delude themselves that altcoin will go to the moon and have no other place to buy altcoin so these people risk creating accounts on these shady exchanges, in certain cases even altcoin is not a scam, but the problem it's in the limited number of exchanges they list


I just don't understand why certain exchanges charge a high fee for bitcoin withdrawals, and then have a high minimum value when it's withdrawn in bitcoin, and something exchanges need to change, it can't go on like this


if the altcoin owner disappears with people's money then it can't be called a scam? there are many cases of altcoins that had already been listed but later it turned out that the altcoin owners were big scammers who created the altcoin just to steal people's money and people started selling altcoins on exchanges

I personally strive to avoid small exchanges basically because of the increase risk of hackers and the possibility of a rug pull. Small exchanges has the most expensive transaction fees and low trading volume. So it's possible that the tokens may never be traded because of the poor liquidity and transaction volume. Hackers also seem to have a thing for small exchange, probably because of their porous security system or ease of getting their system compromised.

Every exchange needs top coins to be listed on the main list to attract users, so I don't find that Dex and Cex exchanges don't have top coin trading lists even though they have their own utility tokens. I suggest using top exchanges for trading because top exchanges have criteria for listing new coins and don't accept coin listings from low reputation projects, but we must have the analysis and ability to review coins that are worth investing in top exchanges.

For small exchanges, bitcoin and eth are needed because these are the 2 coins with the largest trading volume today, this is how they attract users for themselves. Most projects that want to be listed on an exchange have to pay a certain fee but in case of BTC and ETH I think if bitcoin has an owner then that exchange has to pay back for BTC. BTC doesn't need to be listed on these exchanges, but these exchanges really need BTC. If those projects are really good, then I believe they have received the attention of large investment funds and exchanges are also willing to list for the benefit of the exchange. But just because they are scam projects, they are not eligible to be listed on top exchanges.

Any new token that is listed on a small exchange is very likely to have no trading volume so why should we care about potential token scams, I think we should ignore tokens and exchanges with low trading volume, even top 20 coins can fall in price even though they have high volume, So don't add low volume tokens to the list of coins you want to invest.

I have been experiencing with those sites. The small exchange sites have the worst history in the crypto. I think that so many members here know the behavior from those sites. yobit was a scam exchange site along with big one and the rest of sites in your list above. I have experienced with all of them even bought some tokens and they have become dead tokens. Those sites were always scamming their users

I expect projects to be listed on top exchanges like this list https://coinmarketcap.com/id/rankings/exchanges/ but not all projects are able to meet the existing requirements for their tokens to be listed.

The exchanges that Op mentioned above are like Yobit, I used to use in 2018 and I was able to trade and withdraw successfully, I don't know for new tokens currently listed there, I think the team registered the tokens with the exchange to be able to register them with Coinmarketcap for get a wider reach.

Usually, we rejected potential new projects because we see them on small exchanges. But I take this as natural since we are looking for something more valuable considering that those who got listed in small exchanges have only a small trade volume making it us hard to earn a profit. However, we could simply skip the possibility that most of those coins are ended scams and one reason is that they can't get huge investors to uplift them and instead of growing, they are sinking down and rejected.

Yes, Yobit is well known as a scam exchange. The promotion of this exchange has been prohibited in this forum. I think we must avoid an exchange that has many problems, moreover if they are banned from this forum. It indicates the exchange is highly risky, not recommended to use.

Indeed. The coins that are listed on small exchanges, don't mean they are scam coins. Even Bitcoin and Ethereum are listed on small exchanges. To know whether a scam coin or a trusted coin, we must do comprehensive research. Check how the reputation of the team, it is one of the best ways to know the coin.

This you must understand that if a token is being listed on an exchange like those which you already mentioned doesn't mean they can't scam or being fake. But literally most token and coin are real so though there are still good tokens that has already been listed over there and you can make some good trade if actually you want to trade over those exchange.

Most new tokens are added to DEX exchanges like pancakeswap. This is because the new coins have almost no capitalization, there is no community support and you don't need to register anything to list them, you can remain anonymous. A handy recipe for the creators of various shitcoins. That's why when you see that a coin is presented only on such DEX and it is not on cryptocurrency monitoring sites like coinmarketcap, then such coin can be easily sent to trashcan.

There are several projects from the Bounty campaign that listed their tokens on the Coinsbit exchange, this exchange may be ranked above better than Yobit, Stock Exchange, BigONE, but there are some that are successful there are also those that have no selling value at the time of entry on Coinsbit, so we see from that condition, it doesn't mean it is caused by the exchange, but how their team builds the growth of the tokens they market on the exchange, if the marketing is not good then it will make the selling value on the exchange not look good, investors will reluctant to buy the token, if the marketing is done consistently and well, it is unlikely that investors will glance at the token, no matter even on the lowest exchange and where the token is traded..

Well, the fact that most new coins are listed in new exchanges or small exchanges. But, it doesn't mean it was a scam until proven. However, if we talk about questionable exchanges and we have to be careful with this because even investind and trading potential coins like Bitcoin is highly at risk.
We should have to consider these two things, (a) the exchange and (b) the coin...

I alwasy check the reputation of the exchange and the project as well before I conclude it was a scam or not.

Above unknown exchange as they mostly list scam like projects or those that their developers aren't serious. Also if you have some issues, their customer support aren't the most responsive as they have no obligation to do so since it doesn't affect their reputation unlike when well known project does the same and they get called out on social platforms, this affect their reputation so they tend to above such situations. Yobit is one example of a very bad exchange, they are known to only list project you can only find on their exchange and this is a very bad practice because if the delist those tokens, it becomes hard to trade them on other exchange.
They also list scam project, these are project that their scam activities has been exposed, they still get listed on yobit as they're just after the listing fees and not care about their customers wellbeing.

Surely it is normal if the competition is more than 22k Cryptocurrencies so that many Altcoins will be abandoned by users, they will look for potential cryptocurrencies so that when we see there is cryptocurrencies with a small trading volume then it is better to leave.

Its been long while that I have not reading something about Yobit , but now here it comes again that scam is still being tackled going to their name connection , if you are not confident enough in using exchange then best to prevent that site as there are so much more to choose , and and indeed that those kind of token that only has trading in yobit is surely scam like what their own token does.
But  not all coins , because some small projects starts listing their coins to have value but since they cannot afford big exchange they chooses smaller one.,

We cannot conclude that the coins listed on the small exchanges are scams. Because it all depends on the product it has. And sometimes, before the coins are listed on the major exchanges, they are listed on the smaller exchanges

The yobit of site, during their stays in the forum the were full of spamming, so on my own i believe that such kind of method will happen again the way I'm seeing everything concerning this. So i dont think that spamming is really effective in the forum, because even campaign managers are not embracing ambiguous method of posting in the forum, because it's very obvious that spamming reduce a quality methods of posting.

It's hard to tell to be honest, but you have your qualms if this coins are initially listed on some shady exchanges or not well known. And so I haven't trade tokens on small exchange since like late 2017 or early 2018.

I guess I matured already and doesn't want to take this risk from this kind of exchange. I'm sure everyone is familiar with Yobit because of some tokens being listed there are blatantly scamming traders. So I will advise you guys to stir away from them as far as you can.

That's why most of the new projects listed on major exchanges are recommended to be purchased. Because it is not easy for new projects to be
listed on major exchanges like Binance. Many requirements must be met, especially as you said they must have a large capital to be listed
on major exchanges. It is very different if new projects listed on small exchanges usually do not require difficult requirements, even some
small exchanges do not charge a fee. Therefore, new projects listed on small exchanges are more at risk of becoming scams. But if we are lucky,
there are some new projects that were initially listed on small exchanges, after a few years later they could be listed on  large exchanges.
If we find new projects like that for sure we can make big profits, the question is very difficult to find new projects like that.

That's why I never invest in new projects listed on small exchanges, because the risk is too high. I have new projects that are on small
exchanges, it's not because I bought them, but I got them from the bounty campaign. Even then, there were a lot of reward tokens that
I got from bounties registered on small exchanges and finally ended up being a scam. So that's why I never hold too long if I have new projects
from the bounty. I will sell immediately as soon as new projects enter the exchanges, before it ends up being a scam.

It's impossible for a new project to launch on a major exchange like Binance unless they have VC funding. It can cost up to a million USD to list on Binance. This means that for most coins, you are going to need to buy them on smaller exchanges. By the time the project eventually gets listed on Coinbase for example, the price will be 10x what you could have bought it for on a smaller exchange. Yes, these exchanges are more risky but if you don't leave your coins on exchanges you should be okay. I had to do the same thing buying my ICP before it got listed on crypto.com.

Make sure you dig into the reviews and comments each exchange has online.
However, crypto is naturally something no one can certainly talk about its future, but something that billion people talk about can be trusted.
Small exchanges can also be trusted if only you do some research before opening any positions on their platforms or buying any of their native tokens.

If a new project is of course a natural thing, but if an old project or coin that has been available on the market for at least a year then the sign will die soon, a bearish market like today makes us always have to be vigilant because it will make many cryptocurrencies die.

I have been experienced with Yobit, when it was newly launched, i got a few worthy coins, even yobit offering btc signature campaign in the forum. Also sometimes i sold my bounty tokens in this exchange, so i'm benefited in many ways. But now there many fraud allegations about yobit exchange, and i think reliable projects developers will never choose to list their tokens in yobit.

I think that you are wrong in this case. Yeah some of tokens were not scam but mostly small exchange sites were listing the shit scam token. That means if the tokens will be going down due to the low liquidity. Even the developers can be a victim from the scam exchange site itself. I have seen some developers who got scammed by the small exchange site.

well in the past when it was an alt coin era, I mean every alt had its own blockchain, I am pretty sure I always got some obscure or bounty payment token that I had to sell in some small exchange. It's a normal way for a smaller coin before it got accepted on a bigger exchange. nowadays it's just a bunch of erc tokens that we  just using AMM for trading.,

I never leave my token in an exchange so whether it is a small exchange or a big exchange, I always make sure that I withdraw it after I am done with my transaction.  So I never experience any new token gone missing, it stays on my wallet whether it boomed or died down.


It is normal to see prices of token to fluctuates or just become idle because price depends on the demand and activity of the developer.  It is also normal to see strange behavior in the prices of token because small cap token are often subject to pump and dump.


Many projects were hacked and rug pulled especially on the DEFI projects.

4) Does you find wallet of such token on any other platform apart from one which you used to buy


Depends one exchanges,  you could have done this yourself to verify your question.


Scam tokens will become inactive for some time, whether they have the necessary application for their project or not.  Most probably they will meet the requirement to look like a legitimate one because they wanted to scam more people, they should be more convincing than the legit one.

I didn't say that all tokens traded on pancakeswap are scam. I said that most tokens that trade exclusively on pancakeswap, and nowhere else, are not good projects. Often, tokens that only have a trading pair on pancakeswap have low trading volume and extremely weak community support, so those tokens should be bypassed. If you know examples of tokens that trade exclusively on pancakeswap and are very well-known and meaningful, in terms of trading volume, strong community and ecosystem, let me know, I will reconsider my opinion.

Yes there are many coins that list on smaller exchanges in the first place. Then later on step by step upwards list in good exchange but it can cause the strength of the team.The team can certainly take a good position if they want to.It's not a scam just because it will be listed on a small exchange first, there are many coins that slowly rise to the top or good positions, and there are many coins that end up here.Again, I've seen many coins get listed on minor exchanges and then dump and die.

Although many new projects partner with top exchanges so that they can release IEO on exchanges and trade listed guarantees after the IEO is complete, new projects sometimes don't have high funds to partner with exchanges so that their tokens are listed on Dex but in the future there is still a chance to be listed on top exchanges if they are consistent in developing their projects to achieve the main goals.

There’s a reason why they choose those small exchanges probably they are still not qualified go get listed on a good exchange or they can’t still afford that but eventually if they are a good tokens they can raise more money and use that to expand their project and get listed on other exchanges. Listing with the small exchanges doesn’t mean the project is a scam, you still need to analyze it and consider other things before you called it a scam. Just be careful with the fake volume of small tokens, usually they manipulate it just to attract investors.

Are the tokens safe? the answer is almost no. The reason is, if they have great intentions to build a project, they must have prepared careful planning regarding where their tokens will be traded later. Not a few new projects are also listing their tokens on top tier exchanges such as Huobi, Gate, MEXC or KuCoin. Also, regarding YoBit and BigONE, I have never heard of such a memorable experience from traders who trading there.

BTW, I found the same question as yours on the Quora platform which was created 4 years ago. Is that you? Not much response there, but I think you can draw conclusions from the various opinions you get on this forum and on Quora.

I think it’s true in some project because in PancakeSwap anyone can list their tokens, just here add to liquidity, so scammers can take advantages by decentralized exchanges as like uniswap or PancakeSwap. But mostly tokens can't be SCAM because a small new project aren’t able to list on the centralized exchanges because of they can't afford listing fee.  

IF you say choose coin from good exchanges , then possibly it means that all the 2nd tier and 3rd tier exchanges are simply befooling investors and traders , what could be the reason if the exchange list those coins as well which are listed on 1st tier exchange, then how can someone rate the coin if its good or scam..

I don't know, but you risk using that small exchange and trading new, unknown coins or tokens. The token price is uncertain because no one knows when the token price will increase or vice versa.

Usually, if the token is only listed on a small exchange, the wallet to store the token or coin is only available on that small exchange or you can only download the wallet on the project's website.

If you don't want to take a big risk investing in new tokens, you don't need to and it's better to invest in coins that have the potential to increase.

If the platform fails the investment in exchange tokens is lost the value of exchange tokens is heavily extrinsic unlike cryptocurrencies like bitcoin or ethereum in low volume exchange and list token on the platform is dangrous but some time we can call gem but if an exchanges closes its tokens lose value but it doesn't have ot be that drastic I can't confirm thery're scam coins because they're traded on small exchanges once the liquidity is lost they become scams and the exchange deletes them immediately You can trade them but only for the short term using unreliable retail exchanges is also risky don't think exchanges don't have scams like coins scams.

Forget about Yobit, find a better exchange.
1. Before, I did. I was buying it at Yobit years ago and the next day they are gone. Well, that's my newbie days in cryptocurrencies. I was stupid.
2. Not really uncertainty, there's a bit of movement and I want to take advantage of that, little do I know it was a scam coin.
3. Most of them don't have wallets.
4. No. An exchange is not a wallet.
5. No, I don't actually see the fees because I try to sell them with known coins.

I think I know what tokens you are buying and it was the same as what I bought before. Look deeper, they may be tokens that are being revived and hyped in the troll box to make victims of new investors. Don't trust them.

There is a reason why a new project can only be listed on a small exchange because the competition to get into the big exchange is very tight.
Usually big exchanges have more complicated criteria to be able to enter a new token in their trade, for example the security of the token because it will affect their reputation.
Also the high cost of paying the listing fee is the reason why many tokens find it difficult to be on big exchanges.
Tokens that are only on small exchanges do not indicate that they are scams but will make them difficult to known and if there is no change they are very likely to end up disappearing

Difficult to transfer when network costs are high like some time ago.
Withdrawal fees? almost all exchanges charge a high withdrawal fee that is why many tokens are useless because they will only give you a loss if you want to sell them

Yobit is scam, have used stock exchange in past, experience was satisfactory. Coins only listed on such exchanges usually don't last.

a new token listed on a small exchange is not necessarily a scam. chances are they register on a small exchange just to see an increase in interest in the token and also usually they do run the existing road map gradually registering on a small exchange to a large one.
and sometimes the token will gradually rise in price after registering in several markets gradually. but it all depends on the project wants to develop the token or not. if the project that owns the token is always developing the project probably won't be a scam


no. i don't have time to buy or observe new tokens. it's better to choose a coin that has been around for a long time that has a good future

If a token is traded only on a small exchange, I feel really scared buying it. Such tokens can go down unannounced and those behind it disappear without a trace. We have to check the credibility of exchanges through their ratings before using them. Most of this scam projects have exchanges they operate and will connive with them to steal peoples tokens. You send tokens to such an exchange and you do not get to find it in your account. Eventhough I will not say small exchanges are scam but I will warn to use them with carefulness.

I agree to the fact that scam exchanges like Yobit lists scam tokens and we should be careful not to invest in them. However, i disagree with your statement that all or most of the coins listed on Pancakeswap are scams. In fact, since there is no fee involved in listing on dex (although you need to provide liquidity), both good and bad projects are available on pancakeswap or uniswap.
We need to understand and learn about the project before investing in the new coins.

Most tokens that are traded on such exchanges or exclusively on DEX, like pancakeswap, are scam and cannot be considered as investments. New tokens appear in the cryptosphere every day, which are much more interesting from the investment point of view, so why pay attention to such garbage, especially on an exchange like Yobit? Often, the tokens that are presented on that exchange are the only ones traded there, and that is a good sign of a scam in the future. Small exchanges have little liquidity and low attendance, so they grab every opportunity to make money.

Usually, new coins are not listed on big exchanges at the start. Some projects may have funds to list their coin on exchanges like Binance or start an IEO on Binance, but most projects are short of funds at the start and therefore they list on small exchanges where the fee is less.
We cannot conclude that all the projects on small exchanges are scam, some may be scam but other may be good ones too.

They are not necessarily scams, some projects start to trade in small exchanges to gain some volume and other requirements from big exchanges, and in most cases, some small projects don't have the required listing fees to pay big exchanges to list their newly launched project, so they find solace in small exchange temporary.

IMO, I think it is better to start from a small exchange before listing into a big exchange when you have maintained a decent trading volume and active community. Some projects after spending all their money to list on big exchange in the beginning will end up delisted as a result of not being able to meet up will the required volume.

They are all scam. There's no need to give a very long explanation about those tokens. Mostly of tokens traded in yobit or any other exchange sites have been fully manipulated by the owner of exchange sites itself. Yobit has been regularly creating so many scam tokens for its users. It was also scamming its users so many times. You can find bunch of scam accusations against yobit., It's a very well known as a scam site

If new coins will go to list in the small exchanges that doesn’t means those are SCAM coins, but i have seen a several SCAM allegation about Yobit exchange, also new coins will never list in the such exchanges if their project is potential. But i think mostly coins isn’t looks worth those are listed on the small exchanges, as like latoken,p2pb2b,yobit & coinsbit.

I think that a serious project will find several hundred thousand dollars to be listed on a good exchange. This is not a top 20 exchange, but it is enough to start. The Yobit exchange has been accused of fraud many times, so serious projects will not apply for listing there.

 
In my opinion, tokens such as this should be regarded as shitcoins, they are not scams, but they are not good tokens and not worth the investment. Instead of choosing these tokens, we have a much better choice, you should look for tokens that are low cap but already listed on binance and have not had much significant growth yet. Investing in those tokens is also risky but at least they are safer than the tokens on these junk exchanges. In the current market conditions, investing in low cap or new coins is not a wise choice, please consider carefully before investing.

whatever tokens listed on yobit, coinsbit or the like are not good tokens, so before buying new tokens we need to research the project well so it doesn't make us disappointed investing there, but what I see there haven't been any serious projects in this bear market, most of them are poor projects and don't have the money to develop their projects, so it's best not to invest before the crypto market fully recovers, avoid projects with their own blockchain for fear that the wallet will not be accessible if the project goes bankrupt while if they use blockchain from ethereum, binance or matic it will be much better but need to be careful to invest now

Most of the tokens fades away after some time no matter whether its listed on big or small exchange simply due to the hype over and people move to other projects so very few projects remained in the market for very long.

Big exchange means hige listing fees as well which can be a reason why even good project is yet to be listed on Binance like exchange but never judge the project potential based on where it is listed, do your own research and if you feel the token can reach more heights then just take your chance.

I think it will depend on each project's team because if they pay more attention to the project, they will try to list the token or coin on the main exchange to generate more interest from traders or investors. Maybe they have plans to register at the small exchange first while finalizing the plans one by one and will provide updates on when they will register at the north exchange. And we can only know by contacting the team, and usually, if they are willing to be open with investors, the project will have a chance to grow in the future.

Some may not be a scam but I wouldn't put my whole trust in a newly launched coin.

1. Yes and that's out of hype. Sadly, it didn't end well for me and I just have to bear with the permanent loss that it had me.
2. All of the crypto except stable coins are volatile and their prices of them are uncertain especially the newly launched coins because they're most active during their first days.
3. Or worst, they're in maintenance for a certain long period of time.
4. Yes, if they're ERC20 or BSC tokens it's easy.
5. Those that have their mainnet and smart contracts, they can be cashed out/withdrawn.

Well i think the issues that you have posted are not really that relevant anymore. While it is definitely true that up until 2020 the listing of their token was a huge issue and also a problem in many cases for most teams of a new crypto project, because back in the day there were no real DEXes. So they had to find a centralized exchange that was willing to list their token. In most cases those projects had to pay a listing fee in order to get their token tradeable.
Now we have DEXes like Uniswap and Pancakeswap though which means every project can list their token on it's own. The only thing that they need is a little bit of liquidity to pair their token with. So you don't have to use very small and shady centralized exchanges anymore if you want to buy a new token.

When you are talking about YOBIT , then this is a sure scam exchange and I know that there will be someone to shill towards this exchange but if you do remember that even this forum had banned that site for advertising because of their scam cases that still pending .

Your focus as an investor shouldn't be on the exchanges the tokens are listed on, few projects started their journey on small exchanges like BigOne exchange and ended up on better exchanges later, small exchanges doesn't or shouldn't define how good a project is, focus more on what the project is all about, what the team are trying to fix in the crypto world.

Do not buy tokens and coins because they are listed on big exchanges either, you need to do your research first, there are cases in the past where the Binance exchange delisted a few altcoins, imagine buying altcoins because they are listed on binance, it's wrong investment approach. Always DYOR.

Cannot confirm they are scam coins, because they are still being traded despite being small exchanges. But the possibility of them becoming scam is very high, once the liquidity is lost, it will become a scam and the exchange will delete it immediately. You can also trade them, but should only be used in the short term, not in the long term, in addition, using unreputable retail exchanges is also quite risky. Exchanges can also scam your money just like coin scams, don't think that exchanges don't have scams.

The experience I have n Yobit is that some coins are only listed on Yobit alone. See them as scam coins and Yobit is shady because of those coins and some other reasons.

Big exchanges also list altcoins. Altcoins that are successful are listed on big exchanges.

I do not buy new coins or tokens, they are risky.

Uncertain price is usual

Wallet do not have to miss, but scam tokens would be removed from wallet. Shit coins can also become unworthy.

Exchanges fees can be low for some coins but they charge extra than transaction fee.

Most of the new crypto coins are traded in small exchanges like Yobit, Stock Exchange, BigONE. Are these tokens safe for use, or are they a scam?

1) Have you purchased any new token which somehow been missing after a time

2) Have you observed any uncertainty in the price of token

3) The wallet is missing of those particular token and funds are missing

4) Does you find wallet of such token on any other platform apart from one which you used to buy

5) Are you able to transfer, if so, do exchanges charge high fee which could lead to a loss ..


These are some of observations related to new tokens which launched and somehow after sometime users go through these issues ..