Ive been trading on the same two popular exchanges for a while. But now I want to trade FNTC token which is trading on Ethen.market. It looks the same as other exchanges and says its decentralized but how do I know my private keys are safe with them? They are new and dont look very well known. Is there a way to know they are safe if they havent been around for too long?
New exchangers doesn't mean that they are automatically considered to be scam yet all exchangers would really go into that starting point where they are unknown or just popped out on the market.
The important thing you can do is when you do tried to check out the legitimacy of an exchange then always seek out for any feedbacks and make sure those words aren't just on few counts.It always matter on community views and experience.If you haven't find any comments then try for yourself on small amounts.
Make New wallet - Pass tokens from old wallet to new - Input on the exchange your new wallet private keys.
These steps might be hassle but would really decrease the risk since you aren't using your main wallet.