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 ..
Forget about Yobit, find a better exchange.
1. Before, I did. I was buying it at Yobit years ago and the next day they are gone. Well, that's my newbie days in cryptocurrencies. I was stupid.
2. Not really uncertainty, there's a bit of movement and I want to take advantage of that, little do I know it was a scam coin.
3. Most of them don't have wallets.
4. No. An exchange is not a wallet.
5. No, I don't actually see the fees because I try to sell them with known coins.
I think I know what tokens you are buying and it was the same as what I bought before. Look deeper, they may be tokens that are being revived and hyped in the troll box to make victims of new investors. Don't trust them.