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Author Topic: Do you think it is safe to buy coins that are only listed on one small exchange?  (Read 824 times)
Henrobakkara
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November 30, 2021, 08:59:36 PM
 #61

I want to start investing in early projects, and I want to ask if you buy coins on small exchanges? Is it safe? And to what extent are such exchanges protected from hacker attacks?

I am interested in such coins as nwc, cdt and mana, what do you think of these projects? Should you buy these coins?

I believe it is just a question of your risk tolerance. Even the now Big exchanges all started from somewhere, maybe smaller cos I remember when Binance wasn't the biggest exchange back then. I guess you can buy coins from a small exchange too but like every other transaction, due diligence must be done before investing.
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November 30, 2021, 09:16:51 PM
 #62

I want to start investing in early projects, and I want to ask if you buy coins on small exchanges? Is it safe? And to what extent are such exchanges protected from hacker attacks?

I am interested in such coins as nwc, cdt and mana, what do you think of these projects? Should you buy these coins?

I personally prefer to buy coins on big exchanges and those exchanges have a stable movement, regarding safe or not, you should mention which exchange, so that we can provide clear responses and comments, for hacker attacks you don't have to worry if you use the same exchange. safe and reliable. If today you are trying to buy some coins, then my advice is to switch to popular altcoins, there is no big risk you will face if you invest in popular altcoins.
There’s a lesser risk when you invest on the tokens that are already on the best exchange compare to a small one, this is not to discriminate but you just want to be more safe and be more profitable so if I’m going to invest as well, choosing the top exchange is very important to me. DEX might be the option as well for a new tokens and its fine, as long as they are a good project since later on many exchanges will list them. Invest and look on the project itself, exchanges are not the only basis to invest with.
That's right, everyone will see the top exchanges for investing, even the tokens are already listed on the best exchanges, this triggers a lower level of risk compared to tokens that have not been listed on a guaranteed exchange, indeed exchanges are not the only basis for investing , but this is also an important part in determining investment, small things like this cannot be ignored, considering that no matter how small the risk, we must be able to control it properly.

It actually makes sense that most investors end up preferring reputable top exchanges. Because the risk of exchanges being scammed is very small,
after all, top exchanges usually have a high level of security. So it's safer to invest or trade on top exchanges, that's why top exchanges always have
a fairly high trading volume. If we compare it with small exchanges that do not yet have a reputation and the security system is also still low, indeed
more potential to be a scam, so many investors are hesitant to use small exchanges. But not all small exchanges are bad, but the risk of losing
money is much higher than using top exchanges. The conclusion is that it is not safe to use small exchanges to buy coins, unless the coins have
potential and have not been listed on top exchanges. That's a different story, we have no other choice and have to use small exchanges, but if the coins
we want to buy are already listed on top exchanges, of course we should prefer to use top exchanges than small exchanges.

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November 30, 2021, 09:24:00 PM
 #63

I want to start investing in early projects, and I want to ask if you buy coins on small exchanges? Is it safe? And to what extent are such exchanges protected from hacker attacks?

I am interested in such coins as nwc, cdt and mana, what do you think of these projects? Should you buy these coins?

I believe it is just a question of your risk tolerance. Even the now Big exchanges all started from somewhere, maybe smaller cos I remember when Binance wasn't the biggest exchange back then. I guess you can buy coins from a small exchange too but like every other transaction, due diligence must be done before investing.

and most of the time, the prob with small exchange is very low liquidity so the movement is slow, may take days to execute your target price. and before buying that coin, one should always check the potential of that coin. does it really have the capability to deliver their objectives and be listed in much better exchanges? because if you see that the trading activity is not active, think twice, maybe that coin is cheap for many reasons. don't just think that you are buying cheap, because most of them are crap.

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December 01, 2021, 07:16:22 PM
 #64

I want to start investing in early projects, and I want to ask if you buy coins on small exchanges? Is it safe?
If you have carried out your own thorough analysis and have chosen the right investment coin for you, then it does not matter on a small or well-known exchange, it is traded. It is more important that this exchange lives up to the moment when you want to sell this coin.
yes, but with a note that you need to be careful as @mindrust said whether it's a small exchange or a large exchange there is no guarantee that your money is safe if you store it on an exchange. immediately exit after getting profit and it applies to any coin investment.

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December 01, 2021, 07:22:11 PM
 #65

I want to start investing in early projects, and I want to ask if you buy coins on small exchanges? Is it safe? And to what extent are such exchanges protected from hacker attacks?

I am interested in such coins as nwc, cdt and mana, what do you think of these projects? Should you buy these coins?

it's safe probably but make sure to transfer it immediately to your wallet if you want to keep it as a investment because small exchanges is not safe to store token especially long term unless if its trusted and has good ratings, if nothing, imean there's no such thing better to dump your token to assure everything is in a safe place , so you should know mate.. Just buy and transfer it to the safe place when it comes buying such exchanges to keep your money safe..

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December 01, 2021, 07:37:22 PM
 #66

I want to start investing in early projects, and I want to ask if you buy coins on small exchanges? Is it safe? And to what extent are such exchanges protected from hacker attacks?

I am interested in such coins as nwc, cdt and mana, what do you think of these projects? Should you buy these coins?

For investment i'd choose coins which listed in big exchanges rather than speculate on coin which only in 1 small exchange. Because beside what OP said about hacker, if delisted from them means my coins is on really bad condition. And or now, somehow it is hard to listed in big exchange, so for me with my personal opinion, when listed in big exchanges means dev really take that seriously.

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December 01, 2021, 07:59:45 PM
 #67

I think logically. excample though there are 2 coin options on the big exchange or on the small exchange? of course I would choose to trade on coins that are clearly listed on major exchanges because the coins are clearly real, managed by a clear project or developer, and one more thing that these coins are really seriously developed. So, if there is a clear choice, why choose a small coin listed on a small exchange with greater risk?

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December 01, 2021, 10:38:38 PM
 #68

I want to start investing in early projects, and I want to ask if you buy coins on small exchanges? Is it safe? And to what extent are such exchanges protected from hacker attacks?

I am interested in such coins as nwc, cdt and mana, what do you think of these projects? Should you buy these coins?

I have coins on a small market and that's good. Even many coins in large markets start and grow in small markets before they become expensive.

It's a good project and has a good team. This project is growing and has some extraordinary breakthroughs in the future.

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December 01, 2021, 11:28:48 PM
 #69

I want to start investing in early projects, and I want to ask if you buy coins on small exchanges? Is it safe? And to what extent are such exchanges protected from hacker attacks?

I am interested in such coins as nwc, cdt and mana, what do you think of these projects? Should you buy these coins?


I also invest in small exchanges but in a minimal amount as I think it is prone to hack since it is still on its early stage. Though there is a risk associated in big exchanges as well. But for those early projects, I think they were first listed on decentralized exchange, where the risk of hack is less compared to centralized exchanges.

There is always risk of being hacked. What I can suggest is, always put extra careful on websites you are visiting. Because unsecured links mostly contains viruses and other internet attacks to hack your assets.

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December 02, 2021, 02:42:31 AM
 #70

Most of the new projects are listed on small exchanges, and I don't think this is a problem, as long as they do their job seriously then buying the coin will make us a big profit, but we have to be careful because currently there are too many scam projects.

Thank you
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December 02, 2021, 05:22:44 AM
 #71

It's best not to try with small exchanges guys because they are very vulnerable to losing our assets or being stolen.
If you do have a large capital, then it is better for you to trade on a bigger exchange and have a clear profit.
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December 02, 2021, 05:55:58 AM
 #72

Many people underestimate the coins that are still available on small exchanges, but many big projects started from small exchanges so I never hesitate to buy coins listed on small exchanges as long as I believe that it is a real and promising project.
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December 02, 2021, 09:18:27 PM
 #73

That's right, everyone will see the top exchanges for investing, even the tokens are already listed on the best exchanges, this triggers a lower level of risk compared to tokens that have not been listed on a guaranteed exchange, indeed exchanges are not the only basis for investing , but this is also an important part in determining investment, small things like this cannot be ignored, considering that no matter how small the risk, we must be able to control it properly.
It actually makes sense that most investors end up preferring reputable top exchanges. Because the risk of exchanges being scammed is very small,
after all, top exchanges usually have a high level of security. So it's safer to invest or trade on top exchanges, that's why top exchanges always have
a fairly high trading volume. If we compare it with small exchanges that do not yet have a reputation and the security system is also still low, indeed
more potential to be a scam, so many investors are hesitant to use small exchanges. But not all small exchanges are bad, but the risk of losing
money is much higher than using top exchanges. The conclusion is that it is not safe to use small exchanges to buy coins, unless the coins have
potential and have not been listed on top exchanges. That's a different story, we have no other choice and have to use small exchanges, but if the coins
we want to buy are already listed on top exchanges, of course we should prefer to use top exchanges than small exchanges.
That's what I practiced while getting to know this forum, although I've also made purchases on small exchanges that didn't have a good reputation, the potential of the top exchanges is easy enough for us to learn to analyze, considering that this exchange is quite active and crowded, let alone talking about big investors, they certainly don't want to get involved in risky small exchanges, even if we see a lot of exchanges that don't register a level of security for users, then to avoid those risks, it's best to switch to clear exchanges.

Usually top exchanges are already equipped with very complete features, so we can more easily analyze the market. Another thing I like about
top exchanges is that the number of coins listed is also very large, it gives us many choices of coins for trading or investment. Usually coins listed
on top exchanges also go through a strict selection, because it is not easy for new coins to enter top exchanges. Then most big investors prefer
to use top exchanges, because the risk of losing money is very small if they use top exchanges. We often hear of small exchanges suddenly
becoming scams, and small exchanges are easier to hack, what's scary is that some small exchanges have fake trading volume too.

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December 03, 2021, 10:36:23 AM
 #74

I am by far keeping some of my biggest assets in cryptocurrency in the binance market. So far, there are no problems, such as hacking. Even binance has high security makes everyone comfortable trading there. You can also try it directly to visit https://www.binance.com/en

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December 03, 2021, 10:59:20 AM
 #75

If you want to trade, my advice is to choose to trade on a large altcoin exchange, which also has a lot of potential and popularity, whereas if you trade on a small exchange, the limit provided is also limited and that's certainly not far from the risks we face, it could even be losing the money you have.
it is better to trade on decentralized exchanges. Otherwise, until you withdraw your tokens from the exchange, consider that they are not yours. All because the centralized exchange can easily block them indefinitely.
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December 03, 2021, 08:24:13 PM
 #76

I cannot recall a case when any interesting token of a new serious project appeared only on a small exchange, instead of being immediately accepted on one of the leading exchanges. If such a token appears only on a small exchange, then it is not interesting for serious investors, that is, it has little prospects for growth.
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December 04, 2021, 08:50:26 PM
 #77

It's best not to try with small exchanges guys because they are very vulnerable to losing our assets or being stolen.
If you do have a large capital, then it is better for you to trade on a bigger exchange and have a clear profit.
Some people are attracted to small exchanges for several reasons but one of the most common is that big exchanges require that the developers pay a high fee to get listed, and many small projects cannot pay that fee, so they need instead to get listed in small exchanges.

So if you are interested in a small coin that you think it has a lot of potential you do not really have too much of a choice, you either join a small exchange or you try to get the coin you want in a P2P trade, and taking into account a P2P trade is risky as well many prefer to go through the small exchange route.
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December 04, 2021, 10:42:15 PM
 #78

as for my opinion in crypto nothing is safe, also when you buy coins in early begining on small exchanges it could have serious raising in future, but it is like lottery!

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December 04, 2021, 11:34:53 PM
 #79

I don't think it's safe if you invest in a coin listed on a small exchange platform of course there will be a risk of losing your money because the team may have done this due to a lack of funding from the investors or that the project team does not have enough capital to list their coin in a large reputable exchange, so how will they develop the project if they do not have capital?!

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carlfebz2
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December 04, 2021, 11:38:07 PM
 #80

If you want to trade, my advice is to choose to trade on a large altcoin exchange, which also has a lot of potential and popularity, whereas if you trade on a small exchange, the limit provided is also limited and that's certainly not far from the risks we face, it could even be losing the money you have.
it is better to trade on decentralized exchanges. Otherwise, until you withdraw your tokens from the exchange, consider that they are not yours. All because the centralized exchange can easily block them indefinitely.
You dont have  the keys then its not your money or coins and this is what you should think off whenever you do really deal off with centralized exchangers.

Im not saying its bad to deal with small ones yet it cant really be denied that there are some coins which are only listed on these exchange which you cant find on bigger ones.

Finding gems or have potential wont be easy because usually coins been listed on these exchangers arent really worth the attention.

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