Here are the benefits and risks of buying coins before they are listed on an exchange

Benefits

Lower price: Pre-listed coins are usually cheaper than post-listed coins. This is because demand may be lower from investors who are not familiar with the project, they really got lucky with this project! I got some tokens very early, then when Binance, Gate or Mexc listed. I see a good price that I can sell or hold

2. Higher returns: If the coin succeeds after it is listed on an exchange, early investors can make significant gains.

Risks:

1. Lack of liquidity: Cryptocurrency trading volume and liquidity may be lower before it is listed on an exchange, which means it may be difficult to buy or sell the cryptocurrency.

2. Uncertainty: The success of the coin is uncertain, and investors may be taking a significant risk by investing in a project that has not yet been tested on any exchange.

3. Fraud and scams: Since digital asset trading is not seen as a regulated industry, the risk of phishing attacks is alarmingly high. Therefore, investing in currencies before they are listed on the stock exchange is not safe unless the investor has a comprehensive understanding of the market and is prepared to face the consequences.