Post
Topic
Board Altcoin Discussion
Re: Most of the Tokens are traded on small Exchanges, Is it Good or Scam
by
jrrsparkles
on 05/10/2022, 12:18:46 UTC
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 ..

Most of the tokens fades away after some time no matter whether its listed on big or small exchange simply due to the hype over and people move to other projects so very few projects remained in the market for very long.

Big exchange means hige listing fees as well which can be a reason why even good project is yet to be listed on Binance like exchange but never judge the project potential based on where it is listed, do your own research and if you feel the token can reach more heights then just take your chance.