How to Buy New Crypto Before Listing in 2024? – a Complete Guide
Before delving directly into how to buy a new cryptocurrency before its listing, it is crucial to understand the current situation of the overall cryptocurrency landscape. The present condition of the cryptocurrency industry is quite confusing; neither technical analysis nor news seems to have a significant impact on the market. Before the approval of the spot Bitcoin ETF, investors and retailers expected a substantial surge in Bitcoin’s value, but contrary to expectations, this did not appear.
These are all the things that are currently going on. However, the newly listed cryptocurrencies have gained massive attention from the crypto community amid this confusing market. This attention is primarily due to their significant price surges.
In this article, we’ll get to know how to buy new crypto before listing, what things we have to take care of, and many more. So, read till the end for a comprehensive understanding.
Also Read: Cryptocurrency OTC Desks: What is it and How it Works?
How to Buy New Crypto Before Listing?
If you are interested in acquiring cryptocurrency before its listing on major exchanges, you have two options. You can achieve this by using Decentralized Exchanges (DEXes) or participating in crypto presales that have yet to launch their tokens.
1. DEXes (Decentralized Exchanges):
DEXes provide a platform to discover tokens of projects that have not yet been listed on major exchanges or are in the token presale phase.
2. Crypto Presales:
Participate in presales of crypto projects that are about to launch their tokens.
Tools to Find New Crypto Before Listing on Exchange
Block Explorers
DEX Data Aggregators
Defi Portfolio Trackers
Blockchain Analytic Platforms
Why you should buy new crypto before listing?
In the cryptocurrency landscape, investors and traders are well aware of the value of crypto both before and after its listing on exchanges. In this rapidly evolving digital assets industry, being an early investor can lead to significant returns, compared to investing after the asset is listed on exchanges.
When a cryptocurrency is listed on major exchanges, the possibility of generating substantial returns reduces. Sometimes, newly listed tokens may not experience a price surge; instead, they might face significant price drops following their listing because of profit booking. But from now as well this won’t happen again, as our team of experts will guide you through how to buy new crypto before listing.
It’s important to keep in mind that investing in new cryptocurrencies carries risks. Therefore, ensure that you invest with thorough research and implement effective risk management strategies.
Crypto-focused Communities
Once you identify a new crypto project with the help of Block Explorers, DEX data aggregators, or other tools, be sure to join their community. Crypto-focused communities for specific projects are available on platforms such as Telegram, Discord, and X (previously Twitter), where they always provide updates to their community members regarding their crypto projects.
Within their crypto-focused community, they regularly share information about upcoming IPOs and presale events for their project tokens. This allows their followers or community members to easily invest in the tokens of the project. These are the routes through which you can find new cryptocurrencies before they are listed on major crypto exchanges.
Research official project websites and whitepapers.
Once you discover a new cryptocurrency project and also find their community, it is important to exercise caution before investing your money. Ensure that you visit the project’s official website, read its white paper, and verify its authenticity to guard against potential fraud. Some fake projects create seemingly legitimate white papers by copying content from other crypto projects.
By exploring the official website, you can gather essential information about the crypto project, including its vision, team members, use case, roadmap, and white paper. This enables you to gain insights into the project’s long-term growth prospects over 5 or 10 years.
Participate in Presale and initial coin offerings (ICOs)
In presale and initial coin offerings (ICOs), you have the opportunity to purchase new crypto before its listing. Additionally, you can acquire tokens through initial decentralized exchange offerings (IDOs) and security token offerings (STOs). In these ICOs, IDOs, and STOs, projects raise funds for their development and often provide the chance to acquire their new cryptocurrency at discounted prices.
Once these crypto projects are listed on major cryptocurrency exchanges, you may witness a substantial return on your investment.
Join Cryptocurrency Launchpads
Another effective method to acquire new cryptocurrency before its listing is through a cryptocurrency launchpad. In addition to presales, ICOs, IDOs, and STOs, certain crypto projects use the launchpad method to introduce their new cryptocurrency. These crypto launchpads are typically featured on cryptocurrency exchanges, where you are required to stake a certain cryptocurrency such as USDT, BNB, MATIC, or any popular crypto. Upon the completion of their launchpad event, you will be rewarded with the new cryptocurrency, similar to a staking mechanism.
Benefits of Buying New Crypto before listing
There are several benefits to buying a new cryptocurrency before its listing on crypto exchanges, as follows:
In this case, you can acquire new crypto at significantly discounted prices.
You have the opportunity to become a supporter of the new crypto project and enjoy the benefits of an airdrop.
New crypto tokens are relatively inexpensive and traded at discounted prices compared to when they are listed on crypto exchanges.
Conclusion
To buy new crypto before its listing, you can get help from tools like Block Explorers and DeFi Trackers, which help identify these opportunities. Here, investors and retailers actively participate in presales, ICOs, IDOs, STOs, and cryptocurrency launchpads. As these new crypto projects offer their tokens at discounted rates, participants may also benefit from potential airdrop advantages in the future. It is recommended to check out project websites, and whitepapers, and join communities.
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