Most of the Tokens are traded on small Exchanges, Is it Good or Scam

[talkoncrypto Official]

Most of the new crypto coins are traded in small exchanges like Yobit, Stock Exchange, BigONE. Are these tokens safe for use, or are they a scam?

1) Have you purchased any new token which somehow been missing after a time

2) Have you observed any uncertainty in the price of token

3) The wallet is missing of those particular token and funds are missing

4) Does you find wallet of such token on any other platform apart from one which you used to buy

5) Are you able to transfer, if so, do exchanges charge high fee which could lead to a loss ..


These are some of observations related to new tokens which launched and somehow after sometime users go through these issues ..

[_act_]

The experience I have n Yobit is that some coins are only listed on Yobit alone. See them as scam coins and Yobit is shady because of those coins and some other reasons.

Big exchanges also list altcoins. Altcoins that are successful are listed on big exchanges.

I do not buy new coins or tokens, they are risky.

Uncertain price is usual

Wallet do not have to miss, but scam tokens would be removed from wallet. Shit coins can also become unworthy.

Exchanges fees can be low for some coins but they charge extra than transaction fee.

[fuguebtc]

Cannot confirm they are scam coins, because they are still being traded despite being small exchanges. But the possibility of them becoming scam is very high, once the liquidity is lost, it will become a scam and the exchange will delete it immediately. You can also trade them, but should only be used in the short term, not in the long term, in addition, using unreputable retail exchanges is also quite risky. Exchanges can also scam your money just like coin scams, don't think that exchanges don't have scams.

[Crypt0Gore]

Your focus as an investor shouldn't be on the exchanges the tokens are listed on, few projects started their journey on small exchanges like BigOne exchange and ended up on better exchanges later, small exchanges doesn't or shouldn't define how good a project is, focus more on what the project is all about, what the team are trying to fix in the crypto world.

Do not buy tokens and coins because they are listed on big exchanges either, you need to do your research first, there are cases in the past where the Binance exchange delisted a few altcoins, imagine buying altcoins because they are listed on binance, it's wrong investment approach. Always DYOR.

[Chato1977]

When you are talking about YOBIT , then this is a sure scam exchange and I know that there will be someone to shill towards this exchange but if you do remember that even this forum had banned that site for advertising because of their scam cases that still pending .

[Jackl87]

Most of the new crypto coins are traded in small exchanges like Yobit, Stock Exchange, BigONE. Are these tokens safe for use, or are they a scam?
These are some of observations related to new tokens which launched and somehow after sometime users go through these issues ..

Well i think the issues that you have posted are not really that relevant anymore. While it is definitely true that up until 2020 the listing of their token was a huge issue and also a problem in many cases for most teams of a new crypto project, because back in the day there were no real DEXes. So they had to find a centralized exchange that was willing to list their token. In most cases those projects had to pay a listing fee in order to get their token tradeable.
Now we have DEXes like Uniswap and Pancakeswap though which means every project can list their token on it's own. The only thing that they need is a little bit of liquidity to pair their token with. So you don't have to use very small and shady centralized exchanges anymore if you want to buy a new token.

[blockman]

Most of the new crypto coins are traded in small exchanges like Yobit, Stock Exchange, BigONE. Are these tokens safe for use, or are they a scam?

Some may not be a scam but I wouldn't put my whole trust in a newly launched coin.

1) Have you purchased any new token which somehow been missing after a time

2) Have you observed any uncertainty in the price of token

3) The wallet is missing of those particular token and funds are missing

4) Does you find wallet of such token on any other platform apart from one which you used to buy

5) Are you able to transfer, if so, do exchanges charge high fee which could lead to a loss ..


These are some of observations related to new tokens which launched and somehow after sometime users go through these issues ..

1. Yes and that's out of hype. Sadly, it didn't end well for me and I just have to bear with the permanent loss that it had me.
2. All of the crypto except stable coins are volatile and their prices of them are uncertain especially the newly launched coins because they're most active during their first days.
3. Or worst, they're in maintenance for a certain long period of time.
4. Yes, if they're ERC20 or BSC tokens it's easy.
5. Those that have their mainnet and smart contracts, they can be cashed out/withdrawn.

[maydna]

I think it will depend on each project's team because if they pay more attention to the project, they will try to list the token or coin on the main exchange to generate more interest from traders or investors. Maybe they have plans to register at the small exchange first while finalizing the plans one by one and will provide updates on when they will register at the north exchange. And we can only know by contacting the team, and usually, if they are willing to be open with investors, the project will have a chance to grow in the future.

[jrrsparkles]

Most of the new crypto coins are traded in small exchanges like Yobit, Stock Exchange, BigONE. Are these tokens safe for use, or are they a scam?

1) Have you purchased any new token which somehow been missing after a time

2) Have you observed any uncertainty in the price of token

3) The wallet is missing of those particular token and funds are missing

4) Does you find wallet of such token on any other platform apart from one which you used to buy

5) Are you able to transfer, if so, do exchanges charge high fee which could lead to a loss ..


These are some of observations related to new tokens which launched and somehow after sometime users go through these issues ..

Most of the tokens fades away after some time no matter whether its listed on big or small exchange simply due to the hype over and people move to other projects so very few projects remained in the market for very long.

Big exchange means hige listing fees as well which can be a reason why even good project is yet to be listed on Binance like exchange but never judge the project potential based on where it is listed, do your own research and if you feel the token can reach more heights then just take your chance.

[piebeyb]

whatever tokens listed on yobit, coinsbit or the like are not good tokens, so before buying new tokens we need to research the project well so it doesn't make us disappointed investing there, but what I see there haven't been any serious projects in this bear market, most of them are poor projects and don't have the money to develop their projects, so it's best not to invest before the crypto market fully recovers, avoid projects with their own blockchain for fear that the wallet will not be accessible if the project goes bankrupt while if they use blockchain from ethereum, binance or matic it will be much better but need to be careful to invest now

[Tony116]

 
In my opinion, tokens such as this should be regarded as shitcoins, they are not scams, but they are not good tokens and not worth the investment. Instead of choosing these tokens, we have a much better choice, you should look for tokens that are low cap but already listed on binance and have not had much significant growth yet. Investing in those tokens is also risky but at least they are safer than the tokens on these junk exchanges. In the current market conditions, investing in low cap or new coins is not a wise choice, please consider carefully before investing.

[zasad@]

I think that a serious project will find several hundred thousand dollars to be listed on a good exchange. This is not a top 20 exchange, but it is enough to start. The Yobit exchange has been accused of fraud many times, so serious projects will not apply for listing there.

[mdzahed134]

If new coins will go to list in the small exchanges that doesn’t means those are SCAM coins, but i have seen a several SCAM allegation about Yobit exchange, also new coins will never list in the such exchanges if their project is potential. But i think mostly coins isn’t looks worth those are listed on the small exchanges, as like latoken,p2pb2b,yobit & coinsbit.

[WalkerIVIV]

They are all scam. There's no need to give a very long explanation about those tokens. Mostly of tokens traded in yobit or any other exchange sites have been fully manipulated by the owner of exchange sites itself. Yobit has been regularly creating so many scam tokens for its users. It was also scamming its users so many times. You can find bunch of scam accusations against yobit., It's a very well known as a scam site

[Anonylz]

They are not necessarily scams, some projects start to trade in small exchanges to gain some volume and other requirements from big exchanges, and in most cases, some small projects don't have the required listing fees to pay big exchanges to list their newly launched project, so they find solace in small exchange temporary.

IMO, I think it is better to start from a small exchange before listing into a big exchange when you have maintained a decent trading volume and active community. Some projects after spending all their money to list on big exchange in the beginning will end up delisted as a result of not being able to meet up will the required volume.

[virasog]

Most of the new crypto coins are traded in small exchanges like Yobit, Stock Exchange, BigONE. Are these tokens safe for use, or are they a scam?

Usually, new coins are not listed on big exchanges at the start. Some projects may have funds to list their coin on exchanges like Binance or start an IEO on Binance, but most projects are short of funds at the start and therefore they list on small exchanges where the fee is less.
We cannot conclude that all the projects on small exchanges are scam, some may be scam but other may be good ones too.

[Xal0lex]

These are some of observations related to new tokens which launched and somehow after sometime users go through these issues ..

Most tokens that are traded on such exchanges or exclusively on DEX, like pancakeswap, are scam and cannot be considered as investments. New tokens appear in the cryptosphere every day, which are much more interesting from the investment point of view, so why pay attention to such garbage, especially on an exchange like Yobit? Often, the tokens that are presented on that exchange are the only ones traded there, and that is a good sign of a scam in the future. Small exchanges have little liquidity and low attendance, so they grab every opportunity to make money.

[noormcs5]

These are some of observations related to new tokens which launched and somehow after sometime users go through these issues ..

Most tokens that are traded on such exchanges or exclusively on DEX, like pancakeswap, are scam and cannot be considered as investments. New tokens appear in the cryptosphere every day, which are much more interesting from the investment point of view, so why pay attention to such garbage, especially on an exchange like Yobit? Often, the tokens that are presented on that exchange are the only ones traded there, and that is a good sign of a scam in the future. Small exchanges have little liquidity and low attendance, so they grab every opportunity to make money.

I agree to the fact that scam exchanges like Yobit lists scam tokens and we should be careful not to invest in them. However, i disagree with your statement that all or most of the coins listed on Pancakeswap are scams. In fact, since there is no fee involved in listing on dex (although you need to provide liquidity), both good and bad projects are available on pancakeswap or uniswap.
We need to understand and learn about the project before investing in the new coins.

[Maestro75]

If a token is traded only on a small exchange, I feel really scared buying it. Such tokens can go down unannounced and those behind it disappear without a trace. We have to check the credibility of exchanges through their ratings before using them. Most of this scam projects have exchanges they operate and will connive with them to steal peoples tokens. You send tokens to such an exchange and you do not get to find it in your account. Eventhough I will not say small exchanges are scam but I will warn to use them with carefulness.

[len01]

Most of the new crypto coins are traded in small exchanges like Yobit, Stock Exchange, BigONE. Are these tokens safe for use, or are they a scam?

a new token listed on a small exchange is not necessarily a scam. chances are they register on a small exchange just to see an increase in interest in the token and also usually they do run the existing road map gradually registering on a small exchange to a large one.
and sometimes the token will gradually rise in price after registering in several markets gradually. but it all depends on the project wants to develop the token or not. if the project that owns the token is always developing the project probably won't be a scam

1) Have you purchased any new token which somehow been missing after a time

2) Have you observed any uncertainty in the price of token

no. i don't have time to buy or observe new tokens. it's better to choose a coin that has been around for a long time that has a good future