Don't put your full trust on exchanges regarding scam projects.

[Taskford]

To be honest, most of exchange just seeking for money form listing fees. No one looking at project backgrounds and how potential that project. They need just money and they will list token even with proven fake teams. What will do traders, they have to trust exchange and there is no other way. If you are trader then without trust you will not make deposite on any exchange. But main thing is, before choose a coin for trade you should research about that coin how its potential. Listing a coin on exchange doesn't mean project is potential. So there is also free responsibility for traders.

I see binance got so picky on listing on there exchange they have so  many requirements before they list a coins and  actually I'm trading with there new listing and leave the coin when I get the profit but I can't still recommend to give a full trust since huge possibilities that they will run off and scam people even they are listed on top exchange,  But  for small exchanges I don't give damn on them since I will not surely buy nor play them with fire.

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[Strongkored]

To be honest, most of exchange just seeking for money form listing fees. No one looking at project backgrounds and how potential that project. They need just money and they will list token even with proven fake teams. What will do traders, they have to trust exchange and there is no other way. If you are trader then without trust you will not make deposite on any exchange. But main thing is, before choose a coin for trade you should research about that coin how its potential. Listing a coin on exchange doesn't mean project is potential. So there is also free responsibility for traders.

Yes mostly exchange added coin or token because the fee, but I saw on Binance Twitter account they said even the developer paid for 400 or 4000 BTC if they know the developer is fake or shit they will not added the token to their exchange.

So trader need to make own research about token or coin they want to trade even in good exchange they need to be selective.

[Deborah Christine]

The mistake of a beginner who does not do research and does not find out the latest news on the coins held makes them ultimately lose themselves. There are lots of coins that have been listed in several markets and even those that have been listed in the coin market still don't guarantee the credibility of the coin. Trading volumes are down, there is no development of dev and there is no interest in traders to buy the coins so that the coins are finally stopped and the losers are investors.

I experienced it myself. My mistake of never looking for the latest news updates about the coins I held was making me lose.

[CryptopreneurBrainboss]

The mistake of a beginner who does not do research and does not find out the latest news on the coins held makes them ultimately lose themselves.

In my opinion the exchange should always make it a priority to keep their customers informed on information that could affect the development of a project like swapping of blockchain, migration to mainnet or forks although some well reputed exchange are doing this, other aren't and this is costing Investors.

The projects having this changes should also make it a priority to inform every exchanges their projects coin/token are been traded on to inform their customers of the development. The industry in general should learn to cooperate and share information within each other and finally the patronizer of those Project should make it a priority too, to stay updated with the projects they have invested in.

[panganib999]

There is a saying, "Not your private key, Not your coins".

I many messed up with exact wording but the statement is very similar. Good one OP.

I personally prefer mixers over exchanges because exchange requires you to provide your informations and if you decline, you won't be able to use it. I find it very risky because trusting now a days is a very dangerous thing especially if it involves large amounts for everyone is being greedy over everything profitable, they even have interest with non-profitable assets out of their greed. That's why remove the gullibleness out of your body and mind for you are also removing the risk along with it.

[barnes13]

Usually Exchange puts the coin/token into their exchange because the project pays a fee.

If the exchange has good credibility then they will be more selective in accepting a project entering their exchange.

In crypto world we must be smart and must always be willing to carry out our own research on what project are good, not just based on where the coins/tokens are listing.

That's absolutely true! Listing on the exchange has no guarantee that the project will not be scammed. Because in fact after the project was listed on several exchanges, many of them ignored the development they had planned and eventually their core team disappeared without news. This is what investors should be aware of, making sure that their team has experience and also their data has been verified, because this can make you feel more secure in entrusting your funds to them.

[skarais]

That's absolutely true! Listing on the exchange has no guarantee that the project will not be scammed. Because in fact after the project was listed on several exchanges, many of them ignored the development they had planned and eventually their core team disappeared without news. This is what investors should be aware of, making sure that their team has experience and also their data has been verified, because this can make you feel more secure in entrusting your funds to them.

The credibility of the exchange is needed to support everyone not to be affected by fraud projects. The exchange team must be more careful and selective to include tokens or coins on their list. I really hope that in the coming exchanges such as binance, hitBtc, kucoin, and many others will give good performance to always selectively insert tokens or coins from various types of projects.
So, I think it will reduce the growth rate of fraudulent projects that are very disturbing for investors and prize hunters.

[wildey]

I just realized that so many ICO / coins have died up to now. that's even more than 300 lists. Well, if I see this, I might have supported more than 5 ICO projects that were scams. however, this thread makes us aware of one thing that so many people are cheating us out there, so be careful when choosing projects is something that needs attention.

because of this, until now I did not really hope with the project being developed. in addition, I also do not give all my trust to the exchanger regarding a project.

[FlamingFingers]

OP is right,  I also noticed it that lots of projects that conduct ico or IEO,  got dumped when listed on an exchange,  lots of these exchanges are only concerned about listing, trading and withdrawal fee,  after  the team  dump, the price does not pick up to the initial price after dumping

[barnes13]

That's absolutely true! Listing on the exchange has no guarantee that the project will not be scammed. Because in fact after the project was listed on several exchanges, many of them ignored the development they had planned and eventually their core team disappeared without news. This is what investors should be aware of, making sure that their team has experience and also their data has been verified, because this can make you feel more secure in entrusting your funds to them.

The credibility of the exchange is needed to support everyone not to be affected by fraud projects. The exchange team must be more careful and selective to include tokens or coins on their list. I really hope that in the coming exchanges such as binance, hitBtc, kucoin, and many others will give good performance to always selectively insert tokens or coins from various types of projects.
So, I think it will reduce the growth rate of fraudulent projects that are very disturbing for investors and prize hunters.

Don't worry too much about it because as far as I know they make selections in choosing projects that will register with their exchange. And the fees charged are also very expensive compared to others, so I don't think there is a reason for projects that intend to commit fraud will do something as complicated as that, establishing cooperation with large exchanges like them is difficult. Even projects with high credibility are not easy to accept, because they have very strict special requirements.

[Taskford]

That's absolutely true! Listing on the exchange has no guarantee that the project will not be scammed. Because in fact after the project was listed on several exchanges, many of them ignored the development they had planned and eventually their core team disappeared without news. This is what investors should be aware of, making sure that their team has experience and also their data has been verified, because this can make you feel more secure in entrusting your funds to them.

The credibility of the exchange is needed to support everyone not to be affected by fraud projects. The exchange team must be more careful and selective to include tokens or coins on their list. I really hope that in the coming exchanges such as binance, hitBtc, kucoin, and many others will give good performance to always selectively insert tokens or coins from various types of projects.
So, I think it will reduce the growth rate of fraudulent projects that are very disturbing for investors and prize hunters.

Don't worry too much about it because as far as I know they make selections in choosing projects that will register with their exchange. And the fees charged are also very expensive compared to others, so I don't think there is a reason for projects that intend to commit fraud will do something as complicated as that, establishing cooperation with large exchanges like them is difficult. Even projects with high credibility are not easy to accept, because they have very strict special requirements.

Actually we have a reason to worry since actually we don't know on how the dev would react and what they are thinking since there are several coins/tokens has been listed on big exchange before turned scam and chances that it will happen today since many scammers level up and if you see how good there presentations today you will see in quick blink that they are legit and huge scammers can pay huge amount since they will surely know that they can regain what they pay since many people would think that they have potential because they are listed on big exchange.

[Wysi]

That's absolutely true! Listing on the exchange has no guarantee that the project will not be scammed. Because in fact after the project was listed on several exchanges, many of them ignored the development they had planned and eventually their core team disappeared without news. This is what investors should be aware of, making sure that their team has experience and also their data has been verified, because this can make you feel more secure in entrusting your funds to them.

The credibility of the exchange is needed to support everyone not to be affected by fraud projects. The exchange team must be more careful and selective to include tokens or coins on their list. I really hope that in the coming exchanges such as binance, hitBtc, kucoin, and many others will give good performance to always selectively insert tokens or coins from various types of projects.
So, I think it will reduce the growth rate of fraudulent projects that are very disturbing for investors and prize hunters.

Don't worry too much about it because as far as I know they make selections in choosing projects that will register with their exchange. And the fees charged are also very expensive compared to others, so I don't think there is a reason for projects that intend to commit fraud will do something as complicated as that, establishing cooperation with large exchanges like them is difficult. Even projects with high credibility are not easy to accept, because they have very strict special requirements.

Actually we have a reason to worry since actually we don't know on how the dev would react and what they are thinking since there are several coins/tokens has been listed on big exchange before turned scam and chances that it will happen today since many scammers level up and if you see how good there presentations today you will see in quick blink that they are legit and huge scammers can pay huge amount since they will surely know that they can regain what they pay since many people would think that they have potential because they are listed on big exchange.

True, I have seen some of the projects with intense website with proper roadmap and big MNC's as their partner and they do even mention that they will be listed in one of the big exchanges but eventually everything turnout to be a hoax and a project names Athero is the best example about it as they were so promising and said they were is talks with big exchanges and dumped it on mercatox.

[nakamura12]

True, I have seen some of the projects with intense website with proper roadmap and big MNC's as their partner and they do even mention that they will be listed in one of the big exchanges but eventually everything turnout to be a hoax and a project names Athero is the best example about it as they were so promising and said they were is talks with big exchanges and dumped it on mercatox.

It's how the scammers fool people about their projects. At first, you'll think that it's looks very legit but deep down inside of the owner's mind is to fool people and scam their money. It's not only the fake projects have problems about their project but also projects that can't survive in the long run.

[sovie]

If exchange enlist a scam project just for profit of few hundred thousand bucks it will be very difficult specially for new investors to avoid investing in that scam project. Since investors have put there trust in the exchange.
That's a good message. We all (new or old investor) must do proper research before investing into any project.

[TitanGEL]

True, I have seen some of the projects with intense website with proper roadmap and big MNC's as their partner and they do even mention that they will be listed in one of the big exchanges but eventually everything turnout to be a hoax and a project names Athero is the best example about it as they were so promising and said they were is talks with big exchanges and dumped it on mercatox.

It's how the scammers fool people about their projects. At first, you'll think that it's looks very legit but deep down inside of the owner's mind is to fool people and scam their money. It's not only the fake projects have problems about their project but also projects that can't survive in the long run.

Researching about the project is really important to avoid scam. Many people are not considering it and that is the reason why people are got scammed. If you have information about the project then you can identify the project if it is scam or not. People are controlling by their greed and they easily believe to the scammers.

[deadsilent]

IDAX I think is about to exit scam. They stopped all withdrawals and never respond to any request. Also decide to remove their native token IT and promised to convert it to usdt but seems impossible for now. Be careful guys, even a well established project can turn into your worst nightmare. Rumors the ceo of the said exchange was arrested.