Quote from: RussianEnglishTranslation on Today at 04:26:23 PM

Quote from: talkoncrypto Official on October 05, 2022, 09:15:39 AM

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.

That's why most of the new projects listed on major exchanges are recommended to be purchased. Because it is not easy for new projects to be
listed on major exchanges like Binance. Many requirements must be met, especially as you said you must have a large capital to be listed
on major exchanges. It is very different if new projects listed on small exchanges usually do not require difficult requirements,
even some small exchanges do not charge a fee. Therefore, new projects listed on small exchanges are more at risk of becoming scams.
But if we are lucky, there are some new projects that were initially listed on small exchanges, after a few years later they could be listed on
large exchanges.

If we find new projects like that for sure we can make big profits, the question is very difficult to find new projects like that. That's why I never
invest in new projects listed on small exchanges, because the risk is too high. I have new projects that are on small exchanges, it's not because
I bought them, but I got them from the bounty campaign. Even then, there were a lot of reward tokens that I got from bounties registered
on small exchanges and finally ended up being a scam. So that's why I never hold too long if I have new projects from the bounty. I will sell
immediately as soon as I enter the exchanges, before it ends up being a scam.