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

[libert19]

Yobit is scam, have used stock exchange in past, experience was satisfactory. Coins only listed on such exchanges usually don't last.

[Note3]

There is a reason why a new project can only be listed on a small exchange because the competition to get into the big exchange is very tight.
Usually big exchanges have more complicated criteria to be able to enter a new token in their trade, for example the security of the token because it will affect their reputation.
Also the high cost of paying the listing fee is the reason why many tokens find it difficult to be on big exchanges.
Tokens that are only on small exchanges do not indicate that they are scams but will make them difficult to known and if there is no change they are very likely to end up disappearing

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

Difficult to transfer when network costs are high like some time ago.
Withdrawal fees? almost all exchanges charge a high withdrawal fee that is why many tokens are useless because they will only give you a loss if you want to sell them

[danherbias07]

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 ..

Forget about Yobit, find a better exchange.
1. Before, I did. I was buying it at Yobit years ago and the next day they are gone. Well, that's my newbie days in cryptocurrencies. I was stupid.
2. Not really uncertainty, there's a bit of movement and I want to take advantage of that, little do I know it was a scam coin.
3. Most of them don't have wallets.
4. No. An exchange is not a wallet.
5. No, I don't actually see the fees because I try to sell them with known coins.

I think I know what tokens you are buying and it was the same as what I bought before. Look deeper, they may be tokens that are being revived and hyped in the troll box to make victims of new investors. Don't trust them.

[cryptobadshah]

If the platform fails the investment in exchange tokens is lost the value of exchange tokens is heavily extrinsic unlike cryptocurrencies like bitcoin or ethereum in low volume exchange and list token on the platform is dangrous but some time we can call gem but if an exchanges closes its tokens lose value but it doesn't have ot be that drastic I can't confirm thery're scam coins because they're traded on small exchanges once the liquidity is lost they become scams and the exchange deletes them immediately You can trade them but only for the short term using unreliable retail exchanges is also risky don't think exchanges don't have scams like coins scams.

[michellee]

I don't know, but you risk using that small exchange and trading new, unknown coins or tokens. The token price is uncertain because no one knows when the token price will increase or vice versa.

Usually, if the token is only listed on a small exchange, the wallet to store the token or coin is only available on that small exchange or you can only download the wallet on the project's website.

If you don't want to take a big risk investing in new tokens, you don't need to and it's better to invest in coins that have the potential to increase.

[talkoncrypto Official]

just choose coin from good exchanges if you don't wanna get scammed, there's reason why some coin couldn't get listed in big exchanges like binance despite can't gets listed due to not having the money to pay the listing fee it could also be caused by the fact that they didn't pass the reviews made by the big exchanges itself, so if you see coin with relatively big market capitalization and didn't get listed in famous exchanges then I think you shouldn't invest in it since the coin might be just shitcoin. therefore bigger chance of becoming scam.

IF you say choose coin from good exchanges , then possibly it means that all the 2nd tier and 3rd tier exchanges are simply befooling investors and traders , what could be the reason if the exchange list those coins as well which are listed on 1st tier exchange, then how can someone rate the coin if its good or scam..

[mdzahed134]

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.

I think it’s true in some project because in PancakeSwap anyone can list their tokens, just here add to liquidity, so scammers can take advantages by decentralized exchanges as like uniswap or PancakeSwap. But mostly tokens can't be SCAM because a small new project aren’t able to list on the centralized exchanges because of they can't afford listing fee.  

[MAAManda]

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?

Are the tokens safe? the answer is almost no. The reason is, if they have great intentions to build a project, they must have prepared careful planning regarding where their tokens will be traded later. Not a few new projects are also listing their tokens on top tier exchanges such as Huobi, Gate, MEXC or KuCoin. Also, regarding YoBit and BigONE, I have never heard of such a memorable experience from traders who trading there.

BTW, I found the same question as yours on the Quora platform which was created 4 years ago. Is that you? Not much response there, but I think you can draw conclusions from the various opinions you get on this forum and on Quora.

[goaldigger]

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.

I think it’s true in some project because in PancakeSwap anyone can list their tokens, just here add to liquidity, so scammers can take advantages by decentralized exchanges as like uniswap or PancakeSwap. But mostly tokens can't be SCAM because a small new project aren’t able to list on the centralized exchanges because of they can't afford listing fee.  

There’s a reason why they choose those small exchanges probably they are still not qualified go get listed on a good exchange or they can’t still afford that but eventually if they are a good tokens they can raise more money and use that to expand their project and get listed on other exchanges. Listing with the small exchanges doesn’t mean the project is a scam, you still need to analyze it and consider other things before you called it a scam. Just be careful with the fake volume of small tokens, usually they manipulate it just to attract investors.

[erep]

Although many new projects partner with top exchanges so that they can release IEO on exchanges and trade listed guarantees after the IEO is complete, new projects sometimes don't have high funds to partner with exchanges so that their tokens are listed on Dex but in the future there is still a chance to be listed on top exchanges if they are consistent in developing their projects to achieve the main goals.

[topman21]

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 ..

Yes there are many coins that list on smaller exchanges in the first place. Then later on step by step upwards list in good exchange but it can cause the strength of the team.The team can certainly take a good position if they want to.It's not a scam just because it will be listed on a small exchange first, there are many coins that slowly rise to the top or good positions, and there are many coins that end up here.Again, I've seen many coins get listed on minor exchanges and then dump and die.

[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.

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.

I didn't say that all tokens traded on pancakeswap are scam. I said that most tokens that trade exclusively on pancakeswap, and nowhere else, are not good projects. Often, tokens that only have a trading pair on pancakeswap have low trading volume and extremely weak community support, so those tokens should be bypassed. If you know examples of tokens that trade exclusively on pancakeswap and are very well-known and meaningful, in terms of trading volume, strong community and ecosystem, let me know, I will reconsider my opinion.

[serjent05]

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

I never leave my token in an exchange so whether it is a small exchange or a big exchange, I always make sure that I withdraw it after I am done with my transaction.  So I never experience any new token gone missing, it stays on my wallet whether it boomed or died down.

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

It is normal to see prices of token to fluctuates or just become idle because price depends on the demand and activity of the developer.  It is also normal to see strange behavior in the prices of token because small cap token are often subject to pump and dump.

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

Many projects were hacked and rug pulled especially on the DEFI projects.

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 ..

Depends one exchanges,  you could have done this yourself to verify your question.

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

Scam tokens will become inactive for some time, whether they have the necessary application for their project or not.  Most probably they will meet the requirement to look like a legitimate one because they wanted to scam more people, they should be more convincing than the legit one.

[panjay]

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 ..

well in the past when it was an alt coin era, I mean every alt had its own blockchain, I am pretty sure I always got some obscure or bounty payment token that I had to sell in some small exchange. It's a normal way for a smaller coin before it got accepted on a bigger exchange. nowadays it's just a bunch of erc tokens that we  just using AMM for trading.,

[Iyeman]

For me a scam or not a project is not a yardstick for them to be listed on a small or big exchange. many projects are listed on major exchanges in price dropping greatly when they are listed.
For now it is better to choose an altcoin that is in the top 10 coinmarketcap than to expect multiple profits but it never happens.

I think that you are wrong in this case. Yeah some of tokens were not scam but mostly small exchange sites were listing the shit scam token. That means if the tokens will be going down due to the low liquidity. Even the developers can be a victim from the scam exchange site itself. I have seen some developers who got scammed by the small exchange site.

[mdzahed134]

yobit was famous in its time and became an exchange that I always use to sell faucet coins, airdrops and some other new coins or tokens. the coins on yobit are not always a scam, I can sell at first but when it's been a long time and the project is not developed anymore coins start to be abandoned. I always sell early when the hype is in and the price is still profitable. Coins listed on small exchanges are sometimes good and can even be scams instantly, it depends on the project developer.

I have been experienced with Yobit, when it was newly launched, i got a few worthy coins, even yobit offering btc signature campaign in the forum. Also sometimes i sold my bounty tokens in this exchange, so i'm benefited in many ways. But now there many fraud allegations about yobit exchange, and i think reliable projects developers will never choose to list their tokens in yobit.

[Paul Pogba]

If a new project is of course a natural thing, but if an old project or coin that has been available on the market for at least a year then the sign will die soon, a bearish market like today makes us always have to be vigilant because it will make many cryptocurrencies die.

[bitmit.exchange]

Make sure you dig into the reviews and comments each exchange has online.
However, crypto is naturally something no one can certainly talk about its future, but something that billion people talk about can be trusted.
Small exchanges can also be trusted if only you do some research before opening any positions on their platforms or buying any of their native tokens.

[RussianEnglishTranslation]

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 ..

It's impossible for a new project to launch on a major exchange like Binance unless they have VC funding. It can cost up to a million USD to list on Binance. This means that for most coins, you are going to need to buy them on smaller exchanges. By the time the project eventually gets listed on Coinbase for example, the price will be 10x what you could have bought it for on a smaller exchange. Yes, these exchanges are more risky but if you don't leave your coins on exchanges you should be okay. I had to do the same thing buying my ICP before it got listed on crypto.com.

[sayaya17]

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 ..

It's impossible for a new project to launch on a major exchange like Binance unless they have VC funding. It can cost up to a million USD to list on Binance. This means that for most coins, you are going to need to buy them on smaller exchanges. By the time the project eventually gets listed on Coinbase for example, the price will be 10x what you could have bought it for on a smaller exchange. Yes, these exchanges are more risky but if you don't leave your coins on exchanges you should be okay. I had to do the same thing buying my ICP before it got listed on crypto.com.

That's why most of the new projects listed on major exchanges are recommended to be purchased. Because it is not easy for new projects to be
listed on major exchanges like Binance. Many requirements must be met, especially as you said they must have a large capital to be listed
on major exchanges. It is very different if new projects listed on small exchanges usually do not require difficult requirements, even some
small exchanges do not charge a fee. Therefore, new projects listed on small exchanges are more at risk of becoming scams. But if we are lucky,
there are some new projects that were initially listed on small exchanges, after a few years later they could be listed on  large exchanges.
If we find new projects like that for sure we can make big profits, the question is very difficult to find new projects like that.

That's why I never invest in new projects listed on small exchanges, because the risk is too high. I have new projects that are on small
exchanges, it's not because I bought them, but I got them from the bounty campaign. Even then, there were a lot of reward tokens that
I got from bounties registered on small exchanges and finally ended up being a scam. So that's why I never hold too long if I have new projects
from the bounty. I will sell immediately as soon as new projects enter the exchanges, before it ends up being a scam.