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Author Topic: New exchange tokens worth investing on???  (Read 1816 times)
Alert31
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May 16, 2020, 03:43:38 PM
 #81

It is possible for the new exchanges worth your money if those exchange where going to be like Binance or Okex. Those popular crypto exchange is realy good in trading and so far i didn't encounter any problem regarding deposit and withdrawal. I trusted those exchange. In choosing an exchange to invest must need to watch and study first before entering and putting your funds there because some of them are just waiting a target to scam. Alwaysbe careful to avoid the risk.

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May 16, 2020, 03:51:20 PM
 #82

Kucoin also has KCS for their exchange and that's not too bad to date. For me, seeing a good exchange project through the ease of using the exchange is likely to become a great exchange, with them prioritizing security, simple, user friendly, then it will provide an easy way for an exchange project to be liked by everyone.
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May 16, 2020, 03:56:28 PM
 #83

I guess you are talking about exchange tokens, well few of them are good just like you made mention if binance token, Okex token and huobi, there are still few others from popular exchanges, I don't like the idea of hunting for new exchange tokens, I remember what happened to BCNEX

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May 16, 2020, 04:00:11 PM
 #84

makes me think of the BCNEX Exchange, I'm a fan of BCNEX but that was past, now they are SCAM, maybe a lesson for us is that new exchange is very dangerous, don't always believe
True, new exchanges with teams that are not solid will always lose out in competition, so they make scams indirectly, like the BCNEX exchange which was initially very good, then turned into a scam after the team made a closing on the withdrawal menu.
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May 16, 2020, 04:00:57 PM
 #85

In 2018 and 2019 exchange tokens were doing well because they are somehow undervalued but people have realised that now and most of them are premium, find a new exchange token that would do BNB would be difficult reason being that exchanges business is saturated now and it is a business that depend on new users, so it would be difficult to get new users to their new platform


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May 16, 2020, 04:04:11 PM
 #86

I will like to drop my likes for few altcoin projects for some minutes and talk about one particular use case in crypto space today that hardly goes wrong unless the team have bad intent from scratch, that's Exchange Platform, most new exchanges are 99% bad but I will like to give a try, I'm looking or seeking for a fresh new exchange token that I can invest little money on, I think it's worth the risk after seeing how successful some people turned after investing in the follow exchanges

1. Binance (BNB Token)
2. OKEX  (OKB token)
3. Huobi token

Once upon a time these exchange tokens are dirty cheap and look how amazing they are today, now if you don't mind please fill me with some information

Those exchange you mentioned in the above are all good actually. But I'm not using any new exchange platform
that has been arise at cryptocurrency, I preferred to use the top platform exchange at the coinmarketcap as well.
Because platform has been proven and tested already too.
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May 16, 2020, 04:05:30 PM
 #87

If you are ready to take the risk then go ahead but make sure you do proper investigation about the genuinity of the exchange and the team because there have been many low quality or fake exchanges around as well so you have to be very careful while investing.

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May 16, 2020, 04:33:49 PM
 #88

If it were me I'd invest in the coins of reputable exchanges instead of risking investing in new exchanges, the new exchanges could disappear at any time.

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May 16, 2020, 04:36:25 PM
 #89

Only if the exchange is getting increased volume from time to time and also the token got good trading volume means then its better to invest but if you are going to invest in completely new exchange's token then I feel its a suicide decision. Smiley
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May 16, 2020, 04:55:43 PM
 #90

If it were me I'd invest in the coins of reputable exchanges instead of risking investing in new exchanges, the new exchanges could disappear at any time.
Well, your point is correct but it depends on the new exchanges. Exchanges like WAZIRX for example backed by Binance can't just disappear per say, so I think WRX won't be a bad idea even though I'm not interested in holding new exchange tokens. The fact that BNB, OKB, HT did pretty well doesn't guarantee that the new ones will follow suit.
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May 16, 2020, 04:57:45 PM
 #91

I will like to drop my likes for few altcoin projects for some minutes and talk about one particular use case in crypto space today that hardly goes wrong unless the team have bad intent from scratch, that's Exchange Platform, most new exchanges are 99% bad but I will like to give a try, I'm looking or seeking for a fresh new exchange token that I can invest little money on, I think it's worth the risk after seeing how successful some people turned after investing in the follow exchanges

1. Binance (BNB Token)
2. OKEX  (OKB token)
3. Huobi token

Once upon a time these exchange tokens are dirty cheap and look how amazing they are today, now if you don't mind please fill me with some information
Why did you buy so many exchange tokens? If you buy Binance coins and Okex tokens, logically, you will not be able to benefit because users of exchange must be divided, you know what I mean.
It's better to buy tokens in two different fields.
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May 17, 2020, 06:17:05 PM
 #92

You've made mention of the best exchange tokens already why seeking out for another? New exchanges are risky, don't not risk it, I'm still tracking ez365 exchange token to see how zealous they are but nothing is guaranteed with new exchanges, go for Okex token, still cheap and profitable
ez365 exchange process is very low, after finished bounty still no news of products. I think trust isn't everything suppose one exchange has huge trust but hasn't any new features. New exchange will rise but most of it scam, you have to take huge risk. Still now I would suggest for Hydax exchange but do your best research on everything.
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May 17, 2020, 06:57:23 PM
 #93

In my opinion, investing in the more stable crypto exchange tokens is much better than investing in any randomly selected exchange token and watching your investment go to waste. There has been a proliferation of exchanges and with them, exchange tokens that have mostly gone under leaving investors with sad tales and woes. I think most of these upcoming exchange tokens are overrated and only built on the hype surrounding the successful ones in the industry. Bcnex came with that same push and hype and ended up scamming and defrauding a whole lot of investors. Be careful how you go about these exchange tokens.
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May 17, 2020, 07:26:29 PM
 #94

In my opinion, investing in the more stable crypto exchange tokens is much better than investing in any randomly selected exchange token and watching your investment go to waste. There has been a proliferation of exchanges and with them, exchange tokens that have mostly gone under leaving investors with sad tales and woes. I think most of these upcoming exchange tokens are overrated and only built on the hype surrounding the successful ones in the industry. Bcnex came with that same push and hype and ended up scamming and defrauding a whole lot of investors. Be careful how you go about these exchange tokens.

Choosing a good exchange token to invest wouldn't be hard if you only search which one has the best potentials. Definitely BNB has to be the first on the list but there are more and as long as the exchange has traders with it that traders are actually going there, the exchange token must have value. I never thought KCS would have a good value from the start but its price is becoming profitable. QASH must be a good investment.

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May 17, 2020, 07:42:52 PM
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 #95

You have named only 3 exchange tokens that jave achieved somewhat success but you cannot simply ignore dozens of other ecchanges and their tokens that are struggling to even survive in this market and have very low volumes so in my opinion exchnage tokens are very risky investment and not much are worth investing.

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May 17, 2020, 07:43:15 PM
 #96

Although exchange tokens have high earning potential and are very popular today, I think they should be preferred only for short term investments. No service can be a lifelong market leader, as there is no guarantee that any service can continue for life. It is for this reason that the values ​​of these tokens you mentioned are actually temporary and will not have much material value in the long term process. To comment on the short term, I think they have earning potentials in this process. In addition, before choosing the tokens of new services, detailed research should be done about that service and an investment decision should be made depending on the results of the research. Even the best exchange tokens in bad market conditions experience uncontrolled depreciation, while estimating how much depreciation of new services' tokens will suffer.
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May 17, 2020, 11:48:00 PM
 #97

--
makes me think of the BCNEX Exchange, I'm a fan of BCNEX but that was past, now they are SCAM, maybe a lesson for us is that new exchange is very dangerous, don't always believe
Though this project looks promising. My friends can't withdraw funds from there. The dev team just disappeared without clarity. They ran away leaving a false promise.

This is quite a lesson for all of us, that new projects have a greater risk. But that does not mean that all similar projects are not legit, but there are a lot of con artists doing this scheme. Better, if you want to invest in an exchange token, choose one that already exists and comes from the top exchange. It is never too late for investment, as long as we are patient, we will definitely get benefits after analyzing.

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May 18, 2020, 06:49:03 AM
 #98

Every day in the cryptocurrency, new trend, new craze pop up but I think the exchange token was the big thing of the last-gen. The exchange competitive scene kinda oversaturated that I doubt any more new exchange token could make a break even out of BNB, OKEX and Huobi token.

Yes, I also doubt that the new exchange tokens can make an impact point with BNB, OKEX and Huobi tokens, because the three exchange tokens are already very popular in the cryptocurrency space, so that the three of them are preferred by many people, rather than tokens from the new exchange.
makes me think of the BCNEX Exchange, I'm a fan of BCNEX but that was past, now they are SCAM, maybe a lesson for us is that new exchange is very dangerous, don't always believe
Bcnex has been running by unverified developer and that's why it has a huge chance to be a scam exchange site. As far as i know if a new exchange site launched by a trusted party and it will be so rarely to be a scam exchange site. The problem is on the team who has been running it.



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May 18, 2020, 07:00:14 AM
 #99

Remember that all exchanges were once new before reaching the height they are now. It takes a professional and experienced team to develop projects especially exchanges to its peak. Hence to know that a new exchange token is worth holding, the investor cannot do without researching into the team behind it. Also look out for the type of services they will provide that will make that exchange unique from the rest.
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May 18, 2020, 08:04:03 AM
 #100

Remember that all exchanges were once new before reaching the height they are now. It takes a professional and experienced team to develop projects especially exchanges to its peak. Hence to know that a new exchange token is worth holding, the investor cannot do without researching into the team behind it. Also look out for the type of services they will provide that will make that exchange unique from the rest.
That's a different thing and question because if the first ones became successful, it's also possible to the new ones. The first ones were lucky but it doesn't mean that most of them will have the same fate. The hard work and being one of the first made them to the top and that idea was just kicking around until the investors have finally noticed that there's something that could benefit them. But as you said, research is a must and I say, not all of them are the same.

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