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 ..
It's impossible for a new project to launch on a major exchange like Binance unless they have VC funding. It can cost up to a million USD to list on Binance. This means that for most coins, you are going to need to buy them on smaller exchanges. By the time the project eventually gets listed on Coinbase for example, the price will be 10x what you could have bought it for on a smaller exchange. Yes, these exchanges are more risky but if you don't leave your coins on exchanges you should be okay. I had to do the same thing buying my ICP before it got listed on crypto.com.