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Yatsan
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October 10, 2020, 11:24:13 PM
 #21

If you worry about that certain issues that exchanges might be selling you a coin that has no certain value or haven't that existed, then you better get to engage into well-known and reputable exchanges to clear out all your worries you have in mind. Those insecurities you have comes from having a trust issue with regards to what the exchanges have been doing all along. So cut out such worries you do have in mind, you do better engage only into trusted and reputable exchanges to feel your security and safety that the coin you purchase do intended to have a value and not a certain shitcoin.





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October 10, 2020, 11:42:23 PM
 #22

Doing research and analysis of the coins that we are going to buy are things that must be done, because this can prevent us from buying
coins that are of no value. We should also use reputable exchanges, so that we are not fooled by the coins that these exchanges promote.
Usually exchanges that are popular and have a good reputation will only promote profitable projects. Because they want to keep their
reputation in good.

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October 10, 2020, 11:47:52 PM
 #23

so how do we know that crypto exchngers dont sell us the coins what they dont exisit?
1. Choose reputable exchanges
Ensure that you choose the reputable exchanges, no matter what the exchange. But of course, every exchange has its own reputation. You may seek the most reputable one in your country to get the best one and easily withdrawing your coins into fiat through your bank account. Alternatively, you need also to choose reputable exchanges globally. the exchanges such as Binance, Kucoin, Kraken, Coinbase, OKEx, are some of those that are reputable.

2. Exchanges that list the token/coins exactly
Well, if the coins or tokens are in the top rank and shown in CMC or Coingecko or other crypto trackers, it may be found easily on the reputable big exchanges. But, if it is a new coin that has been listed in certain small exchanges, you must be careful to buy it. For, we do not know whether it is going to be shitcoin or not.

and how do we know those big funds who bought or pretinding to buy or sell some big ammounts of cryptocurrency `?
how do we know they dont lie us ?
There are crypto explorers where we can see the history of the funds. however, if it is about in exchanges, we can believe in the exchange. And as long as we can sell or by what we want and it is fluent, we do not need to think about the funds.
But we may be roe careful if we buy the coin P2P, it may be risky.


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October 11, 2020, 04:56:14 AM
 #24

so how do we know that crypto exchngers dont sell us the coins what they dont exisit?

and how do we know those big funds who bought or pretinding to buy or sell some big ammounts of cryptocurrency `?
how do we know they dont lie us ?
I don't even know that there are such fake coins bought  sometimes.
Just avoid treading too far in those exchange that aren't that known and probably you would feel comfortable enough to buy more.
Check its reputation globally, because I am pretty sure that exchange with fake reviews exist and they could be reviewing through Youtube videos or any sorts of paid articles.
You can't just tell a fake exchange by looking at the site with the naked eye, OP.

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October 11, 2020, 10:06:16 AM
 #25

Quote
so how do we know that crypto exchngers dont sell us the coins what they dont exisit?

Firstly you shouldn't patronize just newly launched exchanges that doesn't have a reputation in the community. These newly launched exchanges are the ones that could pull off such stunt and still go away with it. For the older exchanges although I'm not backing them to not be capable of doing these but due to the fact they won't want to risk lossing the trust they have already gained, they won't and if circumstances was to focused them (like lack of funds) they would turn to other means (like insurance) for funds.

Confirming if you have the coins you just bought is in your possession and not mere false balance is quite easy, you can try withdrawing and if it goes through then you're safe. Be very careful though as doing your due diligence before buying any coin to avoid buying a coin the wallet is under maintenance is vital. This maintenance technique is widely used by exchanges to slow down the withdrawal rate of the coins they don't have the volume at the moment.

You can easily observe this on smaller exchanges like mercatox but on a large scale if you buy from well known exchanges with trading volume, the possiblity of falling victims to the scheme is very rare.





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October 11, 2020, 10:49:40 AM
 #26

Doing research and analysis of the coins that we are going to buy are things that must be done, because this can prevent us from buying
coins that are of no value. We should also use reputable exchanges, so that we are not fooled by the coins that these exchanges promote.
Usually exchanges that are popular and have a good reputation will only promote profitable projects. Because they want to keep their
reputation in good.

Very important thing to do is always pay attentions with every information about the coin that you are planning to invest your money, Doing a good DYOR is the best answer.

Never to invest without proper knowledge, you are just completely risking your money if you'll do this type of investment.

Keep away from any unknown project and unknown exchange that will help you to avoid
buying those suspected scam coins.

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October 11, 2020, 11:18:15 AM
 #27

I am convinced that exchanges lie to us by all indicators! From the trading volume to the availability of coins that provide these volumes!
By the way, not so long ago the Proof Of Keys campaign was invented! It's a pity that not everyone supports it... I think that if all users started to withdraw their coins from the exchanges, they would just not have enough for everyone!

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October 11, 2020, 12:05:31 PM
 #28

Right now I would like to give you a warning don't entertain those shitcoin because most of them are not become successful as the bitcoin but we cannot avoid them to create a lot of coin.

But if you want to support them go a head we will not stop you but again right now we are giving you our statement and opinions to avoid them and also save your money.

If you think at the first place its scam please avoid.

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October 11, 2020, 01:07:33 PM
 #29

so how do we know that crypto exchngers dont sell us the coins what they dont exisit?

and how do we know those big funds who bought or pretinding to buy or sell some big ammounts of cryptocurrency `?
how do we know they dont lie us ?

This is simple, If you want to completely avoid this kind of problem, just don't go to the unknown crypto exchanges. rather read some tips from trusted sources where you can buy some altcoins that have some real volumes and cryptoexchanges that have some real users. Because if you just blindly choose exchanges from the internet, you might fall to the trap of the scammers where they will beautify their sites to make it look real and will fool you to buy their fake volumes shit coins.

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October 11, 2020, 01:40:34 PM
 #30

so how do we know that crypto exchngers dont sell us the coins what they dont exisit?

and how do we know those big funds who bought or pretinding to buy or sell some big ammounts of cryptocurrency `?
how do we know they dont lie us ?

You will not know, only that exchange know what is real happening behind . Unless exchange share it publicly which is they will not allow to happen and  they will not share any sensitive information they have to public it's for security of its users. that was more  important to them than listening to a one person's opinion .
If you think the exchange is lying to you then never use that exchange any more.

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October 11, 2020, 04:00:56 PM
 #31

You should be more careful in choosing crypto exchanges, we must check the exchange, starting from the exchange history, the menus that are on the exchange if there are things that suspect we better leave the exchange, if we are in doubt it's better to use an exchange that is  public or exchanges that people often use such as Binance, IDEX, Latoken, CoinBene and others.

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October 11, 2020, 05:09:35 PM
 #32

Simple way to judge an exchange site that it's trusted or scam, one can simply check the volume of trades.even someone is pretending it will get caught very easily.Additionally, google it and find the partners.It will help you to be sure that this is a trusted exchanger or not.

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October 11, 2020, 05:19:58 PM
 #33

proof of keys is good but whos paying the transfering coins out of exchanger fee? we pay  so to prooof that exchnger is correct i have to pay that shiet from my pocket? 

 Angry
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October 11, 2020, 05:26:28 PM
 #34

so how do we know that crypto exchngers dont sell us the coins what they dont exisit?

and how do we know those big funds who bought or pretinding to buy or sell some big ammounts of cryptocurrency `?
how do we know they dont lie us ?

To verify that you need to search the exchanger in coinmarket cap. The fake exchanges always have a low capitalization or they aren't even listed on the site. So, that's the right way to know if you can trust on the exchange, and it's important to search for some information about the exchange on this forum, that way if someone get's scammed then they will report it here and give a warning to other users.

And about the coins that don't exist, that's a weird question, you can't buy something that doesn't exist but you can buy something that doesn't have value for other users. So, my advice is; if you want to invest in altcoins then go for the popular ones and avoid tokens and shitcoins.
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October 12, 2020, 09:05:30 AM
 #35

Simple way to judge an exchange site that it's trusted or scam, one can simply check the volume of trades.even someone is pretending it will get caught very easily.Additionally, google it and find the partners.It will help you to be sure that this is a trusted exchanger or not.

Checking the volume doesn't guarantee the required information to prove an exchange isn't a scam as the trading volume can be easily manipulated. Even on big and we'll trusted exchanges, some close observation and you'll see some bot like trading activity of smaller fraction of coins been sold or bought. Trusting the rating site still doesn't help as some rely on the information the exchange provides and could be liable to manipulation to favor some exchange of their choosen.

Before the acquisition of coinmarketcap, although Binance was one of the most trusted exchange and still had a high volume of trade still, it wasn't at the peak when it came to ranking but some days after the acquisition, some new features were introduced and obviously it favour the rating of the Binance exchange.

As I have earlier mentioned, apart from the fact of not investing in any coin just because it's listed on an exchange, you can occasionally try withdrawing your coins kept on exchange for trading purpose in attempt to confirm if those coins displaying in your account are actually withdrawal.





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October 17, 2020, 04:39:34 PM
 #36

so how do we know that crypto exchngers dont sell us the coins what they dont exisit?

and how do we know those big funds who bought or pretinding to buy or sell some big ammounts of cryptocurrency `?
how do we know they dont lie us ?

To verify that you need to search the exchanger in coinmarket cap. The fake exchanges always have a low capitalization or they aren't even listed on the site. So, that's the right way to know if you can trust on the exchange, and it's important to search for some information about the exchange on this forum, that way if someone get's scammed then they will report it here and give a warning to other users.

And about the coins that don't exist, that's a weird question, you can't buy something that doesn't exist but you can buy something that doesn't have value for other users. So, my advice is; if you want to invest in altcoins then go for the popular ones and avoid tokens and shitcoins.

It's better to take a few surveys before trading your coins. I frequently use coinmarketcap to check whether the coins are genuine or counterfeit.
A large portion of the trading stage is a scam, so you must be cautious.
Maintain a strategic distance from those coins whom you're not very much aware these are the shits coins.
Attempt to pull back your coins to your own wallet accounts, on the off chance that it gives you an error; at that point, it will be a scam or fake one.

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October 17, 2020, 05:04:16 PM
 #37

so how do we know that crypto exchngers dont sell us the coins what they dont exisit?

and how do we know those big funds who bought or pretinding to buy or sell some big ammounts of cryptocurrency `?
how do we know they dont lie us ?

I think if you choose to buy bitcoin in a trusted exchanges ,then you do not have to worry. Just be worried if you are using fake or scam exchange to buy bitcoin because it will surely send you a wrong coins. It's easy to know if they sent a right coin because after the transaction, you will be able to see it in your own wallet address.

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October 17, 2020, 05:19:34 PM
 #38

proof of keys is good but whos paying the transfering coins out of exchanger fee? we pay  so to prooof that exchnger is correct i have to pay that shiet from my pocket? 

 Angry

Of course you must pay the commission yourself! Convert all your assets to bitcoin and send it to your personal wallet... However, this is not convenient to do if you have a margin position... So it seems to me that all users will never withdraw funds from the stock exchanges until they face the deception of their own experience!

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October 17, 2020, 11:45:16 PM
 #39

If we are talking about reputable exchange platforms.
Like any company, exchange platforms have Accountants that create Profit and Loss Statements like every company, audits and to make these reports, the records that verify it are necessary. There are also laws that regulate the operation of exchange platforms. I had never had an idea like this sincerely.
I totally disagree with this thought.

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October 17, 2020, 11:55:10 PM
 #40

so how do we know that crypto exchngers dont sell us the coins what they dont exisit?

The awaareness will also come first to the users. We are joining, signing up with reputable exchange. That means they will not risk thwir reputations and be transparent enough to show us if the coins are existing or not.

Quote
and how do we know those big funds who bought or pretinding to buy or sell some big ammounts of cryptocurrency `?
how do we know they dont lie us ?

I wonder where these doubtful questions came from? In the first place, why would a particular exchange exposed who brought  big funds to their site? Perhaps you are aware of decentralized exchanges. If you are on doubt, just choose established and trusted crypto exchanges. Those who are chosen most of the traders so, you'll find out if it is worth to use that exchange or not.

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