Be careful with low-volume exchanges

[ayatoslaw]

a few weeks ago my friend tried to trade in one of the low-volume exchanges,
but not long after the funds are entered in the exchange, suddenly my friend gets a Withdraw notification in his email,
because my friend didn't feel like withdrawing, he tried clicking the cancel link but it failed, and soon the withdrawal was successful and my friend lost the funds,
I tell stories not to mean low volume exchanges with many hackers, but I only urge caution if trading in low-volume exchanges, especially centralized exchanges rather than decentralization.

[MuTu]

I am also concerned about what your friend has experienced. Does your friend not activate the google authenticator / 2FA feature?

[Dodo]

Yes, that's right. In my opinion, low-volume exchanges are prone to problems. It's better to avoid trading with exchanges with low values. Avoiding is better than a problem.

[jenica]

Trading at small volumes will be very detrimental, because we will get long profits, it is better to trade on large volumes

[mnixxo.crypto]

Never trad in the low volume exchanges. If the coin/token isn't at the better exchange (I mean the exchange with good volume) wait few weeks or months. Maybe this coin/token will appear at the better exchange.

[Filo]

Because new tokens-coins are listed only at those exchanges we all have to use them. But 2FA or trade password etc. may solve such problems. We should always be careful when we use such exchanges.

[trauchot]

Strangely, of course this can happen to everyone and on any cryptocurrency exchange, so it is best to use proven exchanges for trading or if you want just to sell or buy any token, at least you need to check the reviews about any new exchange before you want to trade on new exchanges.

[Pegasus]

First thing we need to be careful with Internet money is safety. Exchanges are the places that we store our money so they must be very secured and reliable ones. I never even trade coins/tokens with low volume on a well-known exchange, not to mention trading on a low volume exchange. Even on huge exchanges, we should withdraw a majority of money and only leave am appropriate amount for trading.

[zilzylian]

Yes, you are right, I have seen fraudulent exchanges and my friends have also suffered losses, such as Extoke and Bitpaction that I know are fraudulent projects.
in 2018 I saw many new exchange projects that provided a lot of comforts when trading, but in the end, developers easily spent the funds saved on the exchange. we must be careful not to make a deposit on an exchange that has a low trading level and make sure not to save crypto assets on any exchange.

[cybersoft]

Very good observation, low-volume exchanges are very risky. Many low volume exchanges nowadays are scamming people with exit scams. be very careful with them.

[Malibu]

a few weeks ago my friend tried to trade in one of the low-volume exchanges,
but not long after the funds are entered in the exchange, suddenly my friend gets a Withdraw notification in his email,
because my friend didn't feel like withdrawing, he tried clicking the cancel link but it failed, and soon the withdrawal was successful and my friend lost the funds,
I tell stories not to mean low volume exchanges with many hackers, but I only urge caution if trading in low-volume exchanges, especially centralized exchanges rather than decentralization.

Maybe you should tell us about this exchange so we don't go to it. This will be useful. I have traded on many exchanges, Always everything was fair. Before you trade it is necessary to study the reviews of the exchange.

[Zurcemozz]

This is how cryptocurrency being destroyed by bad people, and misguiding the people who want to enter in the crypto-world. They are the reason why people keeps telling that its not worth in crypto-world. They keep complaining that the market sucks and cryptocurrency will not return from what happened on 2017 but it is all because of them.

[Majaz]

Avoid exchanges with low volumes. Because you will only get into trouble if you are forced to trade in a low volume exchange.

[vanjava]

I am always careful in trading in low volumes, besides that I always confirm before withdrawal to avoid unwanted things.

[dragononcrypto]

I'm also careful with low-volume exchanges for the same reasons. When I first got into crypto I thought cryptopia was awesome as it had hundreds of trading pairs (and listed a lot of coins that weren't listed elsewhere). I soon after learnt why it was a bad idea using these exchange  . Now I'm very careful to research smaller exchanges before using them, and never leave funds on them.