Hi all, I am newbie in Altcoin purchasing and I would like to understand how to choose a good exchange for coin with lowcap.
What should be a good volume for the exchange? I see exchanges like Mercatox, Hotbit, Probit etc.
How to choose?
Those exchange you gave are very low volume exchange and can list any project without proper investigation been done. Mercatox is known for listing any project that has the funds to meant their listing fees. They have countless amount if scams and shitcoin on their exchange. Also they're known to be the go to exchange for pump and dump schemes. Their trollbox is also known for hosting scammers and shillers hyping another worthless token.
This is just for the mercatox exchange but I'm certain others have their disadvantages. If you're looking for a worthy exchange and aren't concerned about your privacy (sensitive information been required) they you can go for the too vex out there like the likes of binaces etc but if you want to transact with decentralized exchange then uniswap would do the trick.
Be very cautious though as anything can be listed on the Decentralized exchanges, even well known scams and fake tokens.