Is exchange based tokens worth for hold?

[Jonyshake71]

Exchange token isnt worth for holding. It mainly depends on exchange performance and getting discount while withdraw. Thats the trick exchange owner do with us for increase the value of their exchange token but those doesn't have other real use imo. Like binance is big exchange, so bnb is popular, increased higher and but as far i know, still no real use of it, is done with any company or organization. But yeah, it could be hold for short time profit but can't guarantee for long term. Same suggestions for rest of exchange token

[1714759124]

1714759124

[royalfestus]

Exchange token isnt worth for holding. It mainly depends on exchange performance and getting discount while withdraw. Thats the trick exchange owner do with us for increase the value of their exchange token but those doesn't have other real use imo. Like binance is big exchange, so bnb is popular, increased higher and but as far i know, still no real use of it, is done with any company or organization. But yeah, it could be hold for short time profit but can't guarantee for long term. Same suggestions for rest of exchange token

As for Binance, I am not sure where things will go. In the present, there are very few IEOs that demand exchange tokens for purchase; however, there are other use cases for exchange tokens. In addition, the binance trade charges are significant low on both CEX and DEX, so they won't be that high, and as the BNB price increases, they can also decrease. Nevertheless, only Top 1 tier exchanges provide reliable exchange tokens that are recommended for holding

[dunfida]

I don't think that they are worth holding. They are totally related to an exchange, and if something happens to it - the token will die too. This might happen even in calm times or during the bull run, you never know what's happening behind the doors.

All of exchanges coins aren’t bad, as like BNB is the backed of the number one crypto exchange Binance. So, it’s fundamentally strong coin, early investors got big profits if considering others exchanges coins. Still i think it can be worth investment, although recently a bad news coming so it’s started dumping but i think it’s a promising coin for the future. 

the exchange still remains a large monopolist, and this may mean that nothing threatens the exchange token in the near future. Quarterly token burns will do their job, we need to wait a little longer and see how the price reacts to this event.

Some big exchanges native tokens just surviving based on their exchange reputation otherwise there are no real use cases of those tokens such KCS is backed by the major exchange KuCoin but you can check it in CMC, very low interest in trading only 1m dollar trading volume. Only BNB is in strong fundamental coin and it’s a lot of utilities in the market.

When it comes on holding exchange token then this is something that would be still a gamble. We dont know if a certain platform will really be able to make themselves on the top.
Lets go back into the time that BNB was so cheap but there are lots who had that simply ignore and sticking into those known sites which are known on that time.
For those who had risk out their funds with BNB then it did become that top ranking exchange platform then it did really make out that huge reflect into their own native token.
This is why i could say that it is really that needing a little bit of luck when it comes to holding and choosing on which coins.

It is really hard to determine or hard to know on what would gonna happen next into this market. If you do see a certain platforms that has the potential to become
the next Binance then it would your choice whether you should invest or not. Everything will really be that depending into your risk taking since
not all does have that the same tolerance when it comes to risks.

[jrrsparkles]

The reason why BNB succeeded and other tokens from exchanges failed is that BNB turned into a coin since it initially launched as a token and now it is acting as a better choice over Ethereum for creating a new project so the journey is so long and the project doesn't hold the value to the coin only with the reputation of the exchange.

[JeffBrad12]

The reason why BNB succeeded and other tokens from exchanges failed is that BNB turned into a coin since it initially launched as a token and now it is acting as a better choice over Ethereum for creating a new project so the journey is so long and the project doesn't hold the value to the coin only with the reputation of the exchange.

that indeed is one of the reason the fact that they created binance smart chain which used their BNB for fee and the blockchain itself was growing steadily and have already among the most popular blockchain ever since has helped tremendously in keeping the value of BNB, i remember back then when BSC was becoming massive trend so many people deployed their project to the BSC mainly the metaverse and gaming project also defi and BNB was kept on increasing day by day though eventually something hits the fan and the market went bearish then the bullish trend ended there, ever since then the increase in BNB wasn't truly significant.
right now, Binance facing so many problems from the regulation makers definitely have impact towards the condition of BNB.

[Ben Barubal]

Even the BNB, what if Binance got hacked or something happened and it fold up? BNB will crash and become useless. I used it as the example because it is the one you recognized most and the first among them if marketcap is used. Any exchange can get hacked and this may cause their token to become useless. Go for decentralized coin like bitcoin.

  The question is: how many times has the hacker's account been hacked? Hackers have entered it many times, but in those cases, Binance immediately caught up with it, which is why their users' funds remain safe.

  Even if the hackers stole millions from Binance and Binance is still replenishing it, they can only maintain the trust of their users in their platform. That means they know how to take care of their customers. Although the risk is that it won't really disappear, it's up to us if we stay because of trust, because I actually have tokens in Binance.

[kevindjunaidi]

That level of price decrease is completely normal; if you're a true investor, you must have patience and wait 

That's right, because with the current market conditions, a price decrease of more than 70% is still normal, unless there is a bull run, but altcoin that you invest does not increase and instead dump, then you don't need to expect much from altcoin that you invest, but I see altcoin that OP invested is very good, so I'm sure the price will definitely increase again and give OP a lot of profit.

[Freddie Boyer]

my advice is still to hold your altcoin that you invest, because as long as the project is still running and making progress, then you still have the opportunity to make a profit from investing in these altcoin, especially now that the condition of the market is bad (bear market), so it's only natural if many of altcoin that you invest dump by 70%-80% and I am sure that if a bullrun occurs, then the price of altcoin that you invest will definitely increase very high again and give you a lot of profit.

Almost the same as you think, place our funds on a platform that has a reputation and a high level of security, both the exchange owner and we as users feel comfortable with the service.

If there are stories about meme coins, from what I have read and seen in several threads here, it can be concluded that many are bad, but many are interested too. Indeed, meme coins always steal the attention of many people.

[Rehan Zakir]

Even the BNB, what if Binance got hacked or something happened and it fold up? BNB will crash and become useless. I used it as the example because it is the one you recognized most and the first among them if marketcap is used. Any exchange can get hacked and this may cause their token to become useless. Go for decentralized coin like bitcoin.

Sir, you are saying right Exchange coins are not good for long term investment. We can see the FTT crashed.
Invest in coins such as bitcoin, litecoin and ethereum etc. These types of coins are not belonging to any crypto exchange. Their future is very bright.
Binance is the world big exchange. But i don't recomend you to hold BNB coin for long term in your portfolio.

[Tomcolor]

exchange token s performance is good especially project of top exchange like bnb. But it should not be kept for too long because suddenly mention of theft of exchange assets or something similar is harmful to your money. But if they have personal services that investors will like then their token will increase in value. You mentioned many exchange tokens so I don't think all of them are trustworthy they are worth holding long term so short time investment is best for them.

Probably any exchange token is much more dangerous to hold than some other altcoin. As you said, a hack could negatively affect the price of the token. Or some laws that could prohibit the exchange from operating. It's better to buy regular altcoins.

binance and kucoin both are higher level exchange and they all have their own tokens and investors are constantly getting profit from it. But I agree with you that storing tokens in exchange wallet is risky because of hacking problem only. Earlier many times such problems were created in almost exchanges where investors suffered losses. However you can use the best wallet if you want.

[fapar]

exchange token s performance is good especially project of top exchange like bnb. But it should not be kept for too long because suddenly mention of theft of exchange assets or something similar is harmful to your money. But if they have personal services that investors will like then their token will increase in value. You mentioned many exchange tokens so I don't think all of them are trustworthy they are worth holding long term so short time investment is best for them.

Probably any exchange token is much more dangerous to hold than some other altcoin. As you said, a hack could negatively affect the price of the token. Or some laws that could prohibit the exchange from operating. It's better to buy regular altcoins.

binance and kucoin both are higher level exchange and they all have their own tokens and investors are constantly getting profit from it. But I agree with you that storing tokens in exchange wallet is risky because of hacking problem only. Earlier many times such problems were created in almost exchanges where investors suffered losses. However you can use the best wallet if you want.

By analogy with the exchanges themselves, we need to use “cold” (for storing funds offline) and “hot” (for trading) wallets. Of course, we needs to be afraid of hacking the exchange wallets, but even if this happens, the Tier-1 exchange will reimburse you for what you lost. I would be more wary of storing funds on the exchange if I had problems with the KYC (account dont verified or KYC failed / permanent change of IP).

[Bazzu]

As an investor, i bought so many exchange based tokens! Bnb, uniswap, kucoin (kcs), cake, houbi (ht),  FTP and so on. Undoubtedly those exchangers are so big and reputable. I though those altcoins will pump if exchange get larger during time and if exchange add more pair with their altcoin on their platform, then price will boom but most of those are like shitcoin, dumped 70-80℅ in long run except bnb. So what do you think? I'm no longer going to invest any exchange coin anymore!

I personally don't buy altcoins just because they are exchange based altcoins. Because most exchange-based altcoins are just tokens hitching a ride on another network. But it's different from BNB which has its own network. So I only hold BNB because only BNB can build its own ecosystem because it is a layer 1 altcoin. While the others are just coins or tokens that depend on other networks. So it is impossible to build its own ecosystem.

[Ngemmeng]

when it comes to exchange-backed altcoins, BNB is the best choice. The reason is because Binance is the largest exchange at the moment and only altcoins that have been tested can be listed on Binance. there may be some that fail and cause delisting but most of the altcoins on binance have large exchange volumes.

[asrinur]

Not all exchange-based tokens can soar in price. However, there are also some exchange-based coins that are worth investing in long term such as BNB. We know that since the emergence of BNB, many people bought it at that time when the price was relatively low, but as time went by, BNB experienced a very high spike and even reached the ATH level and we are sure that if the halving occurs, popular exchange-based coins such as BNB will again reach a new ATH.

[peter0425]

when it comes to exchange-backed altcoins, BNB is the best choice. The reason is because Binance is the largest exchange at the moment and only altcoins that have been tested can be listed on Binance. there may be some that fail and cause delisting but most of the altcoins on binance have large exchange volumes.

Well watch out for what binance can face in the future mate , we have seen how many cases they have faced and they will still have more in the future unless they will be going with the government and from that the exchange will not worth trusting by crypto users that looks for the privacy.

[arjunmujay]

Not all exchange-based tokens can soar in price. However, there are also some exchange-based coins that are worth investing in long term such as BNB. We know that since the emergence of BNB, many people bought it at that time when the price was relatively low, but as time went by, BNB experienced a very high spike and even reached the ATH level and we are sure that if the halving occurs, popular exchange-based coins such as BNB will again reach a new ATH.

true, but if investors turn around and sell their BNB coins, it will definitely be bearish. Let's remember yesterday's incident when CZ reportedly resigned from Binance, like that alone it could move the BNB market. especially if big investors immediately take a stance to sell the BNB they hold. it will definitely run out too. Keep following the flow and developments of the market, if you feel it is unstable, immediately switch to another altcoin.

[ItsCrafty]

Exchange-type coins that are tokens have the advantage that most projects are very beneficial to their users and visitors because they are supported by their exchange and often Exchange-type tokens have their own exchanges that support them and accordingly come up with such projects that people show their interest in it, which is why Easy project It tends to go up in a very, very good way, and that's why I would say that these are really great concept projects that are exchange type.

[cryptodude]

A lot depends on what kind of token you want to hold with. For example, the token of binance exchange is bnb. When they have a staking, some part of the bnb has to be taken. Because of which the price of bnb increases a bit.
However, due to theft of assets from various exchanges, many of those exchanges became bankrupt. Therefore, before investing in anything, you must think about the possibility of risk.

[FanEagle]

I feel like exchange based tokens should be looked with the volume of the exchange as well. If the volume is high then you could consider that as a possibility, but if the volume is low then you should avoid it. Volume could be found at CMC as well, you can rank exchanges based on volume, but be careful because some of them make fake ones, so check the liquidity there as well when you get the chance, before you invest.

This way, you are going to end up investing into something much bigger and the token of that exchange will be going higher since it's always in demand. I believe that will definitely be a good thing, and we should consider these type of investments as good, specially right before the bull run because volume will go up even more.

[Obim34]

Well watch out for what binance can face in the future mate , we have seen how many cases they have faced and they will still have more in the future unless they will be going with the government and from that the exchange will not worth trusting by crypto users that looks for the privacy.

If not for the success of the Binanace platform, left alone its native coin BNB would have faced seveir DIP due to the problems like you said they have been through and of a truth more are yet to come so their is no correctness of assumption if they will continue to last better and longer then they are now.