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

[TravelMug]

It's hard to tell to be honest, but you have your qualms if this coins are initially listed on some shady exchanges or not well known. And so I haven't trade tokens on small exchange since like late 2017 or early 2018.

I guess I matured already and doesn't want to take this risk from this kind of exchange. I'm sure everyone is familiar with Yobit because of some tokens being listed there are blatantly scamming traders. So I will advise you guys to stir away from them as far as you can.

[1715672720]

1715672720

[1715672720]

1715672720

[1715672720]

1715672720

[1715672720]

1715672720

[1715672720]

1715672720

[1715672720]

1715672720

[GeorgeJohn]

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 .

The yobit of site, during their stays in the forum the were full of spamming, so on my own i believe that such kind of method will happen again the way I'm seeing everything concerning this. So i dont think that spamming is really effective in the forum, because even campaign managers are not embracing ambiguous method of posting in the forum, because it's very obvious that spamming reduce a quality methods of posting.

[AzamNurWahid]

We cannot conclude that the coins listed on the small exchanges are scams. Because it all depends on the product it has. And sometimes, before the coins are listed on the major exchanges, they are listed on the smaller exchanges

[rodskee]

Its been long while that I have not reading something about Yobit , but now here it comes again that scam is still being tackled going to their name connection , if you are not confident enough in using exchange then best to prevent that site as there are so much more to choose , and and indeed that those kind of token that only has trading in yobit is surely scam like what their own token does.

of course coin that's listed in smaller exchange could seem less trusted than the ones listed in binance, etc. but then again you should see whether they are new coins or they have been existing since few years ago since there's where the difference lies, new coins are getting listed in smaller exchanges because they are still building things and the old coins getting listed in smaller exchanges because that's just how their quality is.

But  not all coins , because some small projects starts listing their coins to have value but since they cannot afford big exchange they chooses smaller one.,

[Mario Yamasaki]

Surely it is normal if the competition is more than 22k Cryptocurrencies so that many Altcoins will be abandoned by users, they will look for potential cryptocurrencies so that when we see there is cryptocurrencies with a small trading volume then it is better to leave.

[irhact]

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?

Above unknown exchange as they mostly list scam like projects or those that their developers aren't serious. Also if you have some issues, their customer support aren't the most responsive as they have no obligation to do so since it doesn't affect their reputation unlike when well known project does the same and they get called out on social platforms, this affect their reputation so they tend to above such situations. Yobit is one example of a very bad exchange, they are known to only list project you can only find on their exchange and this is a very bad practice because if the delist those tokens, it becomes hard to trade them on other exchange.
They also list scam project, these are project that their scam activities has been exposed, they still get listed on yobit as they're just after the listing fees and not care about their customers wellbeing.

[Natalim]

Well, the fact that most new coins are listed in new exchanges or small exchanges. But, it doesn't mean it was a scam until proven. However, if we talk about questionable exchanges and we have to be careful with this because even investind and trading potential coins like Bitcoin is highly at risk.
We should have to consider these two things, (a) the exchange and (b) the coin...

I alwasy check the reputation of the exchange and the project as well before I conclude it was a scam or not.

[samuraijin]

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?

There are several projects from the Bounty campaign that listed their tokens on the Coinsbit exchange, this exchange may be ranked above better than Yobit, Stock Exchange, BigONE, but there are some that are successful there are also those that have no selling value at the time of entry on Coinsbit, so we see from that condition, it doesn't mean it is caused by the exchange, but how their team builds the growth of the tokens they market on the exchange, if the marketing is not good then it will make the selling value on the exchange not look good, investors will reluctant to buy the token, if the marketing is done consistently and well, it is unlikely that investors will glance at the token, no matter even on the lowest exchange and where the token is traded..

[Xal0lex]

Most new tokens are added to DEX exchanges like pancakeswap. This is because the new coins have almost no capitalization, there is no community support and you don't need to register anything to list them, you can remain anonymous. A handy recipe for the creators of various shitcoins. That's why when you see that a coin is presented only on such DEX and it is not on cryptocurrency monitoring sites like coinmarketcap, then such coin can be easily sent to trashcan.

[Cryptomiles1]

This you must understand that if a token is being listed on an exchange like those which you already mentioned doesn't mean they can't scam or being fake. But literally most token and coin are real so though there are still good tokens that has already been listed over there and you can make some good trade if actually you want to trade over those exchange.

[lalabotax]

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 .

Yes, Yobit is well known as a scam exchange. The promotion of this exchange has been prohibited in this forum. I think we must avoid an exchange that has many problems, moreover if they are banned from this forum. It indicates the exchange is highly risky, not recommended to use.

we cannot judge a scam coin from the exchange they list. however, sometimes the team from the project chooses the exchange because the price for listing there is quite cheap.

Indeed. The coins that are listed on small exchanges, don't mean they are scam coins. Even Bitcoin and Ethereum are listed on small exchanges. To know whether a scam coin or a trusted coin, we must do comprehensive research. Check how the reputation of the team, it is one of the best ways to know the coin.

[Hypnosis00]

Usually, we rejected potential new projects because we see them on small exchanges. But I take this as natural since we are looking for something more valuable considering that those who got listed in small exchanges have only a small trade volume making it us hard to earn a profit. However, we could simply skip the possibility that most of those coins are ended scams and one reason is that they can't get huge investors to uplift them and instead of growing, they are sinking down and rejected.

[Pelana vreo]

I expect projects to be listed on top exchanges like this list https://coinmarketcap.com/id/rankings/exchanges/ but not all projects are able to meet the existing requirements for their tokens to be listed.

The exchanges that Op mentioned above are like Yobit, I used to use in 2018 and I was able to trade and withdraw successfully, I don't know for new tokens currently listed there, I think the team registered the tokens with the exchange to be able to register them with Coinmarketcap for get a wider reach.

[JeffBrad12]

This you must understand that if a token is being listed on an exchange like those which you already mentioned doesn't mean they can't scam or being fake. But literally most token and coin are real so though there are still good tokens that has already been listed over there and you can make some good trade if actually you want to trade over those exchange.

I have been experiencing with those sites. The small exchange sites have the worst history in the crypto. I think that so many members here know the behavior from those sites. yobit was a scam exchange site along with big one and the rest of sites in your list above. I have experienced with all of them even bought some tokens and they have become dead tokens. Those sites were always scamming their users

[capedbaldy]

Usually, we rejected potential new projects because we see them on small exchanges. But I take this as natural since we are looking for something more valuable considering that those who got listed in small exchanges have only a small trade volume making it us hard to earn a profit. However, we could simply skip the possibility that most of those coins are ended scams and one reason is that they can't get huge investors to uplift them and instead of growing, they are sinking down and rejected.

Any new token that is listed on a small exchange is very likely to have no trading volume so why should we care about potential token scams, I think we should ignore tokens and exchanges with low trading volume, even top 20 coins can fall in price even though they have high volume, So don't add low volume tokens to the list of coins you want to invest.

[Smack That Ace]

we cannot judge a scam coin from the exchange they list. however, sometimes the team from the project chooses the exchange because the price for listing there is quite cheap.

Indeed. The coins that are listed on small exchanges, don't mean they are scam coins. Even Bitcoin and Ethereum are listed on small exchanges. To know whether a scam coin or a trusted coin, we must do comprehensive research. Check how the reputation of the team, it is one of the best ways to know the coin.

For small exchanges, bitcoin and eth are needed because these are the 2 coins with the largest trading volume today, this is how they attract users for themselves. Most projects that want to be listed on an exchange have to pay a certain fee but in case of BTC and ETH I think if bitcoin has an owner then that exchange has to pay back for BTC. BTC doesn't need to be listed on these exchanges, but these exchanges really need BTC. If those projects are really good, then I believe they have received the attention of large investment funds and exchanges are also willing to list for the benefit of the exchange. But just because they are scam projects, they are not eligible to be listed on top exchanges.

[BlackBaron]

or small exchanges, bitcoin and eth are needed because these are the 2 coins with the largest trading volume today, this is how they attract users for themselves. Most projects that want to be listed on an exchange have to pay a certain fee but in case of BTC and ETH I think if bitcoin has an owner then that exchange has to pay back for BTC. BTC doesn't need to be listed on these exchanges, but these exchanges really need BTC. If those projects are really good, then I believe they have received the attention of large investment funds and exchanges are also willing to list for the benefit of the exchange. But just because they are scam projects, they are not eligible to be listed on top exchanges.

Every exchange needs top coins to be listed on the main list to attract users, so I don't find that Dex and Cex exchanges don't have top coin trading lists even though they have their own utility tokens. I suggest using top exchanges for trading because top exchanges have criteria for listing new coins and don't accept coin listings from low reputation projects, but we must have the analysis and ability to review coins that are worth investing in top exchanges.

[KellyHands]

I personally strive to avoid small exchanges basically because of the increase risk of hackers and the possibility of a rug pull. Small exchanges has the most expensive transaction fees and low trading volume. So it's possible that the tokens may never be traded because of the poor liquidity and transaction volume. Hackers also seem to have a thing for small exchange, probably because of their porous security system or ease of getting their system compromised.

[Slow death]

we have to look at this issue very carefully, for example on yobit the altcoins that are listed there are almost 90% scam, especially the new altcoins that are only listed on yobit, so it is necessary to note well that if an exchange is widely known as being a scam exchange and it lists a new altcoin that has not been listed on any other exchange so probably this altcoin is a scam but there are cases where there are dozens of shady exchanges that tend to have some scam accusations but certain projects list their altcons on these exchanges is how people delude themselves that altcoin will go to the moon and have no other place to buy altcoin so these people risk creating accounts on these shady exchanges, in certain cases even altcoin is not a scam, but the problem it's in the limited number of exchanges they list

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

I just don't understand why certain exchanges charge a high fee for bitcoin withdrawals, and then have a high minimum value when it's withdrawn in bitcoin, and something exchanges need to change, it can't go on like this

We cannot call it a scam until the new altcoin is stopped being traded.

if the altcoin owner disappears with people's money then it can't be called a scam? there are many cases of altcoins that had already been listed but later it turned out that the altcoin owners were big scammers who created the altcoin just to steal people's money and people started selling altcoins on exchanges