Trading Low Liquidity Altcoins - page 5.

SquirrelJulietGarden

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Quote from: david678345 on November 08, 2023, 01:06:25 PM

Hi, does anyone know where I can trade coins such as PLSX? I can not find it in Mexc (and it is one of the exchanges with more coins listed).

If it does not appear on centralized exchange, only is available for trading at decentralized exchange, it is risky if you have the token. Because liquidity pools on decentralized exchanges provided by developers, the project team can be rug-pulled anytime. If they do a rug pull, token you have will become zero value.

Rug Pull – Top Crypto Scams & How to stay safe from rug pulls

Quote

It seems I cant open an account with gate.io in my country

Where are you from?
Is your nation listed in Gate.io's User agreement as one of restricted locations?

Quote

The Restricted Locations include but not limited to the United States of America, Mainland China, Singapore, Canada, France, Germany, Hong Kong, Lithuania, Malaysia, Malta, Cuba, Iran, North Korea, Sudan, Syria, Crimea Region, Spain, Luhansk, Donetsk, Netherlands, Bolivia, UK and so on. Please note that we may place certain restrictions or terminate specific Services to users in some jurisdictions from time to time for the purposes hereof.

We may in our absolute discretion update the list of the Restricted Locations from time to time without any notice to you. It is your responsibility to frequently check the Sites to familiarize yourself with the list of the Restricted Locations and immediately cease accessing our Sites and use of our Services should you locate in any of the Restricted Locations.

Is you nation written in their ToS, in my quote above?

libert19

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Quote from: goaldigger on November 08, 2023, 04:32:33 PM

If you can’t find any and that token is not even listed on Coinmarketcap then better to forget it and just look for the best altcoins that are available in good exchange don’t just waste your time there and don’t be a victim of a scam project, try to look at the top altcoins to convinced yourself.

Because there is more profit when you get into project very early (they usually trade on dex then). By time it's listed on cmc/cg, your potential x is wasted. These tracking sites listing doesn't help with anything anyway, they list anything everything.

It's high risk, high reward kinda thing.

poodle63

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if your coin doesn't even get listed in CMC and the likes will you still invest in it honestly? its shady coin I doubt you gonna make profit, they don't even bother getting listed in CMC where even the shittiest meme coin get listed.
I mean i get it that low liquidity altcoins with its fluctuation might be beneficial for your short term investment but definitely not these meme coin that not even get listed in CMC.
but honestly you can always find such coin in dex, just paste their contract, but if its layer 1 coin, i doubt you will have easy time finding the place to trade.
just stick with quite known altcoin in my opinion, it will fare better in the long term rather than investing into these kind of coin but honestly its up to you.

Cryptomultiplier

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Quote from: ajiz138 on November 08, 2023, 04:49:12 PM

PLSX is also not listed on gate.io trading why do you need to open it if gate.io is banned in your country?

I don't know if you bought PLSX expecting it to be profitable or just got it from an airdrop or something? Honestly, I wouldn't buy a low value token especially with low liquidity, it's more risk than reward.

I see the list of tradable PLSX tokens only on DEX and not on CEX exchange.

It's indeed more risk than reward to trade low liquidity altcoins mostly when one has not attained some level of mastery of trading or done well to study up enough, or even explore the wonders of copy trading and AI bots.

It's good to focus more energy on trading better coins with some degree of good returns rather than waste it away at low liquidity assets waiting to fail.

Johnyz

full member

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Avoid at all cost, even if there’s a hype I think its not worth the risk.
Why deal with low liquidity, no exchanges exposure and the project is not that popular, that’s too risky for a beginner honestly. If you can’t find that token in any exchanges better not to waste more time by looking on it, instead start searching for a good projects with a good future.

ajiz138

hero member

Activity: 1498

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PLSX is also not listed on gate.io trading why do you need to open it if gate.io is banned in your country?

I don't know if you bought PLSX expecting it to be profitable or just got it from an airdrop or something? Honestly, I wouldn't buy a low value token especially with low liquidity, it's more risk than reward.

I see the list of tradable PLSX tokens only on DEX and not on CEX exchange.

goaldigger

sr. member

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Why deal with the small projects that are not even listed in good exchanges?
If you can’t find any and that token is not even listed on Coinmarketcap then better to forget it and just look for the best altcoins that are available in good exchange don’t just waste your time there and don’t be a victim of a scam project, try to look at the top altcoins to convinced yourself.

Husires

legendary

Activity: 1596

Merit: 1288

PLSX not only has low liquidity, but it is not listed on many platforms, which means that you will be limited to the exchange rate on that platform, even if it is low, which is a big problem if it is banned in your country, so focus on buying tokens that are available on more than one platform that you can access to ensure that there are multiple options if the platform suddenly decides not to accept your KYC papers.

PLSX is listed on https://www.coingecko.com/en/coins/pulsex#markets

https://www.coingecko.com/en/exchanges/9inch
https://www.coingecko.com/en/exchanges/pulsex

edmundduke

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Quote from: david678345 on November 08, 2023, 01:06:25 PM

Hi, does anyone know where I can trade coins such as PLSX? I can not find it in Mexc (and it is one of the exchanges with more coins listed).

It seems I cant open an account with gate.io in my country

I understand that when trading with these coins you have to be careful because of the liquidity issue etc ... anyone with experience with trading these coins?

When you want to traid extremely low cap coins i would reccomend caution as they tend to be scams. BUt there is money to be made aswell so i wont judge.
I will provide 2 really good sites for finding the coins, especially if they are traded on a dex.

https://dexscreener.com/

and

https://www.dextools.io/app/en/pairs

Quidat

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Quote from: david678345 on November 08, 2023, 01:06:25 PM

Hi, does anyone know where I can trade coins such as PLSX? I can not find it in Mexc (and it is one of the exchanges with more coins listed).

It seems I cant open an account with gate.io in my country

I understand that when trading with these coins you have to be careful because of the liquidity issue etc ... anyone with experience with trading these coins?

Since its already been mentioned above with those given links which are indeed precise but i would
really be trying out to emphasis about on that centralized platform on which this coin is really that been traded.

https://safe.trade/trading/plsxpls
https://safe.trade/trading/plsxusdt

Just like on the suggestion above that its never been that recommendable on dealing up with these shit things considering
that they are really that being traded into known exchangers as well. Its understandable on why you are really that planning to touch
up these low liquidity coins but if we do try to look up on the risks then i should say that its never been worth to take up the risks
not unless if you do accept it out and could bare it.

Oshosondy

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Gamble responsibly

No data is available for it on Coinmarketcap: https://coinmarketcap.com/currencies/pulsex/#Markets

Scroll down on Coingecko to see the exchanges it is trading like eToro: https://www.coingecko.com/en/coins/pulsex

Do not waste your time on shitcoins. Avoid.

If you want to trade volatile coins, you can see them on common exchanges like Bybit, Mexc, Binance, OKX and many others. I mean coins among first 500 in marketcap, unlike the one you asked that is not among first 2500 coins.

david678345

jr. member

Activity: 84

Merit: 4

Hi, does anyone know where I can trade coins such as PLSX? I can not find it in Mexc (and it is one of the exchanges with more coins listed).

It seems I cant open an account with gate.io in my country

I understand that when trading with these coins you have to be careful because of the liquidity issue etc ... anyone with experience with trading these coins?

Topic: Trading Low Liquidity Altcoins - page 5. (Read 787 times)