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Author Topic: Be careful with low-volume exchanges  (Read 7357 times)

Offline ayatoslaw

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Re: Be careful with low-volume exchanges
« Reply #45 on: May 06, 2019, 09:39:49 AM »
Yes, you are right. Low volume exchanges are very risky to trade in. You might want to mention the name of the exchange so we can be more careful.
maybe if you mention any exchanges, I think someone else might have a better reference,
because sometimes everyone has their own exchange standard which has a small volume and not.  :)

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Re: Be careful with low-volume exchanges
« Reply #45 on: May 06, 2019, 09:39:49 AM »

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Offline aldenlim

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Re: Be careful with low-volume exchanges
« Reply #46 on: May 06, 2019, 09:57:26 AM »
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.
It is quite risky to send funds on low volume trading platforms especially when the platforms looks really shady,
it is better to practice due diligence before sending funds to an unknown exchange otherwise the funds might be
lost just like what happened to your friend.


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Offline Watu_pawon

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Re: Be careful with low-volume exchanges
« Reply #47 on: May 07, 2019, 09:24:35 AM »
I trade in low-volume exchanges, I think it's really not very good, and we should avoid trading like that.

Offline Puncak_pelangi

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Re: Be careful with low-volume exchanges
« Reply #48 on: May 07, 2019, 11:00:47 AM »
yes, I know it all, that low-volume exchanges are sometimes very risky in trading, and to trade in low volumes we must be more patient.

Offline Arybes

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Re: Be careful with low-volume exchanges
« Reply #49 on: May 07, 2019, 06:30:31 PM »
In my opinion, it is better not to get close to the exchange with a low volume. It is better to find a safe path than a problem and you regret that there is no meaning.

Offline diygirl

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Re: Be careful with low-volume exchanges
« Reply #50 on: May 07, 2019, 11:51:07 PM »
I rarely invest in low-volume exchanges. I think it is too risky and seems not really worth to invest for short term. Now, I focus on short term investment, I choose coins with high volumes and can easily to increase. Low volume coins are not suitable for it.
« Last Edit: May 08, 2019, 12:22:45 AM by diygirl »

Offline gotbounty

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Re: Be careful with low-volume exchanges
« Reply #51 on: May 07, 2019, 11:59:22 PM »
I prefer to choose popular coins with high volumes now. It is better to avoid bad projects or potential projects to fail in the future. Sometimes I put my money in top altcoins that more trusted than new projects.
« Last Edit: May 08, 2019, 12:06:21 AM by gotbounty »
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Re: Be careful with low-volume exchanges
« Reply #51 on: May 07, 2019, 11:59:22 PM »


Offline Coin63@

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Re: Be careful with low-volume exchanges
« Reply #52 on: May 08, 2019, 11:43:20 PM »
Very much effective and important news many people don't know about this news... After hearing the news people should be aware of the low volume fake exchange.

Offline sidkz

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Re: Be careful with low-volume exchanges
« Reply #53 on: May 15, 2019, 06:18:13 AM »
Yes, now there are a lot of such exchanges with a small volume or a false volume is displayed there.
better not to use little known exchanges

Offline Absolutep

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Re: Be careful with low-volume exchanges
« Reply #54 on: May 15, 2019, 07:59:09 AM »
We have got so many exchanges out there that are not reliable and that is why dev and team should also help us not to list in scam exchanges.

 

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