Post
Topic
Board Altcoin Discussion
Re: Most of the Tokens are traded on small Exchanges, Is it Good or Scam
by
Slow death
on 23/10/2022, 20:29:36 UTC
we have to look at this issue very carefully, for example on yobit the altcoins that are listed there are almost 90% scam, especially the new altcoins that are only listed on yobit, so it is necessary to note well that if an exchange is widely known as being a scam exchange and it lists a new altcoin that has not been listed on any other exchange so probably this altcoin is a scam but there are cases where there are dozens of shady exchanges that tend to have some scam accusations but certain projects list their altcons on these exchanges is how people delude themselves that altcoin will go to the moon and have no other place to buy altcoin so these people risk creating accounts on these shady exchanges, in certain cases even altcoin is not a scam, but the problem it's in the limited number of exchanges they list

Difficult to transfer when network costs are high like some time ago.
Withdrawal fees? almost all exchanges charge a high withdrawal fee that is why many tokens are useless because they will only give you a loss if you want to sell them

I just don't understand why certain exchanges charge a high fee for bitcoin withdrawals, and then have a high minimum value when it's withdrawn in bitcoin, and something exchanges need to change, it can't go on like this

We cannot call it a scam until the new altcoin is stopped being traded.

if the altcoin owner disappears with people's money then it can't be called a scam? there are many cases of altcoins that had already been listed but later it turned out that the altcoin owners were big scammers who created the altcoin just to steal people's money and people started selling altcoins on exchanges