Do you use emerging cryptocurrency exchanges? What are your thoughts on trusting these smaller exchanges? Additionally, some of these exchanges host events where we can earn altcoins. What do you think about such events?
Using new cryptocurrency exchanges is somewhat similar to searching for new gambling sites. Why look for an alternative to existing old and proven online casinos? It is exactly the same with cryptocurrency exchanges: I see no reason to trust my deposit to recently appeared exchanges when there are reliable ones with a long-standing reputation. Why risk your money (cryptocurrencies) even for the sake of bonus altcoins? The value ratio between them can differ dramatically not in favor of altcoins. I believe that it is not worth using new exchanges just for the sake of such dubious events and I allow this only if the new exchange provides truly unique advantages that the old ones can't provide. For example, the ability to trade certain altcoins that are not traded on other exchanges. Of course, if this has a rational financial component (the value of trading this altcoin is higher than the risks of keeping a deposit on a new exchange).