Post
Topic
Board Altcoin Discussion
Re: Do you think it is safe to buy coins that are only listed on one small exchange?
by
Fatunad
on 01/01/2022, 21:55:15 UTC
I want to start investing in early projects, and I want to ask if you buy coins on small exchanges? Is it safe? And to what extent are such exchanges protected from hacker attacks?

I am interested in such coins as nwc, cdt and mana, what do you think of these projects? Should you buy these coins?


I think every crypto investment has a high risk because big exchanges can't guarantee that their exchange is safe, as well as a small exchange. but we must be able to find a place that has a lower risk so that we feel safer. and the altcoins you mentioned are not popular so I don't know any information about them. so in my opinion please look for a better altcoin and be listed on coinmarketcap.
Nothing is safe in crypto world because anytime these platforms could turn out to be a scam or could be hacked or could be do all sorts of things which would results on losing money by its users but somehow dealing with known and reputable exchangers would give out that kind of confidence or assurance that you wont really be losing money.As a user then you should think up always about risks whether they are reputable
then its not really safe on storing up all your coins on an exchange.Its suicide yet you wont know on whats coming.

How much more on small exchangers? Most of them are listing shit coins and i dont see the point on considering to be safe. Im not generalizing but most of them are on the same situation.