Do you think it is safe to buy coins that are only listed on one small exchange?

[azhariejaya]

If you are afraid of a hacker attack, even large exchanges can be hit by hacker attacks. It has happened before. Hacker attacks don't always target the exchange directly but attack users from the exchange. Therefore the security aspect of personal accounts is better to pay attention to than to think about the risks exchange was hacked.

Of the 3 coins you mentioned, if mana you mean is decentraland, I only know about that, one of the projects from 2017 and starting to experience a rapid increase this year.

[maydna]

While the risk is really their but if the coin have potential and think worth risking then it can be fine if we wanted to have it in their early stage. If that coin is indeed good they will probably be listed soon in major exchanges. Just make sure to follow their development and their exchange goals. There is a need to know what they can do. It’s a matter of risking or waiting them to be listed in other exchange.

If the coin is worth it, the team will not just be listed on the small exchange but will contact major exchanges to get on their list because the coin will get more attention from traders and grow faster than in the small exchanges. Many new coins start in the major exchange because they know that their coins are worth it to reach more investors from the exchanges.

The growth rate of coins on small exchanges is really low when daily trading volume is not a useful number, it is almost a fake number, besides, most of them are projects that try to list so that the development team can sell tokens to convert to money then abandon but scrap will also have diamonds mixed in it. So, for those who like to get rich after a project and adventure in treasure hunting, small exchanges have options for them, large exchanges include only sustainable forms, keeping reputation and reducing risks for customers

But it is difficult to hunt the coins in small exchange because many of the coins are hard to grow. Not many traders on that small exchange seem to be interested in using the coin to make a profit. Besides that, the price moving will be too slow than in the major exchange with so many traders who want to make a profit. It will be up to them to choose the small exchanges to trade.

[nekorakoeora]

A little doubtful but coins that are in a large market certainly come from a small market first. In addition, coins in small markets are certainly also very cheap so that they can provide high achievements. But this is a little risky because most are in small markets as well because they can not penetrate large markets so it seems to be not a coin that has a good future.

[Pahom]

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 think that it is not reliable to connect your wallet to such exchanges, so when you do it, don’t forget to do unrekt then and also don’t approve spending the unlimited amount. Actually, the price of tokens is growing when there are a lot of investors, but if this exchange is small and unpopular, there will not be a big demand because people are not aware of this platform.

[gurunanakji777]

You can start investing in early projects if you think it has the potential to grow the coin you mentioned in your post I did not hear much about but I heard about mana I think it is an old coin in the market. If you follow the project and keep an eye on the development of the project according to their roadmap then you can consider buying if they are not implementing their roadmap on time then one should avoid such projects because due to being listed on small exchanges such projects can diminish. In the end, I would say if you trust these projects you can have these coins otherwise leave it and search top 100 coins and select from them.

[Nalbo]

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?

If you have options available, I'd always recommend a popular exchange or DEFIs. I have personally went through a lot of unnecessary hassle while trying to save a small fee using a less known exchanges. They don't necessarily be a scam but most of them don't have a solid functionality and if you encounter any problems, it's hard to fix it.
And if available, go with DEFIs, nowadays most of the coins have a pegged DEFI counterpart which makes it easier to purchase and trade any popular coins coins in DEFIs.

[tokyohd]

I think it is't safe to buy tokens from ordinary small exchanges. I am a victim myself. Because, We are all know that, there was an exchanger called Bilaxy. I bought T2L token from the Bilaxy Exchanger. The Bilaxy Exchange is currently missing and my tokens are useless.

[wxa7115]

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?

Most of the coins that are listed in small exchanges are not safe, why? because their listing fee is cheap, therefore the scammers can afford to get their project listed. Small exchanges have not built a good reputation yet, so most probably they don't conduct a thorough investigation before listing a coin as they could always tell us that they don't dictate the price movements of a certain coin.

Although I'm not saying buying coins in small exchanges is bad, just always remember that the risk is high on non-reputable exchanges, but if you are lucky to buy a gem, it will certainly give you a decent profit.

People need to learn to accept both the good and the bad, if someone wants to invest in new coins then as much as I do not recommend this they are free to do so, but they need to accept the fact they could lose their money at every single step they take.

To try to invest in new coins but at the same to want this to be safe makes no sense, investing in new coins is risky as hell in this market, sending your money to new exchanges is incredibly risky as well, and sooner or later someone doing this will be scammed, however can you overcome those risks with your trading skills? If you can then it may still be worth it, but if it is not the case then most likely the losses that you could suffer will be massive.

[Zamoh]

Well, it all depends on the ambitions and the roadmap of the project. It seems to me that if the first listing of a company takes place on a small exchange, but they point out and work on listing on a large one, this can give good results. Even now, it is not uncommon for a coin / token to fly up tens of percent after listing on a new large exchange. But at the same time, it must be borne in mind that the chances of screwing up are just as high.

[dunfida]

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?

Buying low caps? I presume you do plan on that thing but i would tell you that this is something risky because you wouldnt know on what comes next out of these small exchangers neither they do ran way with those funds by closing or would totally locked out your deposit, its just like that!

Buy on your own risk because low cap coins doesnt really guarantees out profits because not all would really be that assures increase so you should really make use of your common sense.

So its up into your choice but expect of those certain risk.

[livingfree]

Well, it all depends on the ambitions and the roadmap of the project. It seems to me that if the first listing of a company takes place on a small exchange, but they point out and work on listing on a large one, this can give good results. Even now, it is not uncommon for a coin / token to fly up tens of percent after listing on a new large exchange. But at the same time, it must be borne in mind that the chances of screwing up are just as high.

I agree.

There are projects that are just pending with bigger exchanges and got accepted the listing for smaller ones and that's a good start for them. But, there are those projects that don't really want to get into bigger and popular exchanges.

Because that's all they want, to stay on that small exchange and waiting for their project to die once they're all set and done profiting with their project.

[wxa7115]

Well, it all depends on the ambitions and the roadmap of the project. It seems to me that if the first listing of a company takes place on a small exchange, but they point out and work on listing on a large one, this can give good results. Even now, it is not uncommon for a coin / token to fly up tens of percent after listing on a new large exchange. But at the same time, it must be borne in mind that the chances of screwing up are just as high.

The chances of failing are not just as high as your chances of succeeding, most of the time your chances of succeeding will be at 1% while your chances of failing will be at 99%, this is what many people fail to grasp when they invest in the market of cryptocurrencies.

There are tens of thousands of coins, does anyone actually believe we need so many coins? There are only a few hundred fiat currencies around the world, and at any moment in time at best there are 100 decent projects in this market, this means that anyone deciding to invest in a new project is taking a gigantic risk in which the chances of losing their money are sky high no matter how careful they select the project in which they decide to invest.

[topbitcoin]

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 some coins like that, i mean which is in small exchange only, just make sure you are ready to lose if you want to save it for long time. I mean, if only 1 exchange and delisted, means you only can save the coins and can't do anything again about it, but if only for short term or day trading, you can take the risk. Risk will always come, depends on we are ready to take it or not.

[Cryptock]

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?

No exchange is safe, especially small ones. Unfortunately, this is how they usually start when it comes to new projects. In such a situation, it is best to divide the purchases into several smaller transactions and transfer the coins to an external wallet right after the purchase.

[milewilda]

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?

No exchange is safe, especially small ones. Unfortunately, this is how they usually start when it comes to new projects. In such a situation, it is best to divide the purchases into several smaller transactions and transfer the coins to an external wallet right after the purchase.

You are right even if we do talk about big or known exchange  because once you had deposited your coins then consider the risk involved yet we know that exchangers could be possibly be hacked but the difference between big and small exchange is about the odds of having stuck funds on the platform because when it comes to reputation or legitness then those small exchange would be always in question which we couldnt really make out some assurance
when it comes to security.

[Zamoh]

The chances of failing are not just as high as your chances of succeeding, most of the time your chances of succeeding will be at 1% while your chances of failing will be at 99%, this is what many people fail to grasp when they invest in the market of cryptocurrencies.

There are tens of thousands of coins, does anyone actually believe we need so many coins?
...

Since you cannot just go and register with a major exchange, this is a very long and complicated procedure. Again, large exchanges place high demands on potential clients. And not every young project can meet these requirements. Therefore, the key to success is still the company's ambitions.

By the way, it is listing on large exchanges that weeds out weak projects, because if a company cannot enter a large exchange for a long time, this inevitably leads to the death of the company.

P.S. For some reason it seems to me that you were wrong with the topic  

[mindrust]

As long as you can get out right away, it is safe to do so I think. You just don't keep your coins on the exchange however. This rule applies to the big exchanges as well. You'll never know when will they get hacked and when they do it will be too late already. Binance recovered from a hack before but if the amount was bigger maybe things would have gone differently. Buy the coins and withdraw them immediately and you'Ll be safe.

[liqidoxgen]

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.

[GbitG]

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?

No exchange is safe, especially small ones. Unfortunately, this is how they usually start when it comes to new projects. In such a situation, it is best to divide the purchases into several smaller transactions and transfer the coins to an external wallet right after the purchase.

Correct, just keep few things in mind never keep your coins on exchange even these are big because no one know when they hacked or have any other issue which create problems for users, just trade and withdraw your funds as soon as possible. It's never been matter it's big or small recently we have few big exchanges suddenly disappear or have hacks which crease big hassle for community just do some good search before invest in project that is this OK and have good team and better use case because these are more important things for your fund's safety instead of exchange big or small.

[adzino]

Read about those exchange first. See if people left any negative review about the exchange like funds getting locked or stuck. And then use those exchange (still doesn't mean they won't scam you). Once you make the trade, don't leave your coins in those exchange (you shouldn't be leaving your funds in any exchange by the way. Big or small). This was even if the exchange gets hacked, your funds will be with. Not sure about the other two exchanges, but you will find Mana in almost all top exchanges.