Post
Topic
Board Altcoin Discussion
Re: Most of the Tokens are traded on small Exchanges, Is it Good or Scam
by
panjay
on 07/10/2022, 23:03:58 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 ..


well in the past when it was an alt coin era, I mean every alt had its own blockchain, I am pretty sure I always got some obscure or bounty payment token that I had to sell in some small exchange. It's a normal way for a smaller coin before it got accepted on a bigger exchange. nowadays it's just a bunch of erc tokens that we  just using AMM for trading.,