What is the biggest fear for small funds entering IPOs? It's not project scams, but being tortured to death by the platform's lousy processes.

A few days ago, I personally experienced an "operational hell." After finally obtaining an IPO qualification from a certain platform, I was excitedly raising funds to get started. Once the transfer was made, problems kept piling up— the wallet I imported couldn't participate in the IPO at all, I had to transfer to the platform's dedicated wallet; after that, I got stuck at secondary authentication, and my assets were locked. After fiddling for over an hour, just understanding the operation logic exhausted my patience.

But this lesson made me realize a pattern: **Platform operational complexity = inverse indicator of project quality**.

Just think about it—truly reliable project teams will do everything possible to simplify user processes and attract more participants. Platforms with complicated operations and vague rules are either due to poor technical foundation or have no intention of maintaining long-term.

Based on this experience, I summarized 3 quick screening methods:

**Step 1: Small trial.** Before officially participating, test the platform's deposit and withdrawal process with a small amount of money. It seems simple, but it can reveal hidden restrictions, withdrawal delays, and hidden fees. If smooth, it indicates the platform is at least serious about its infrastructure.

**Step 2: Check transparency of rules.** Are IPO times, capital thresholds, and profit distribution methods disclosed in advance? Projects with vague information often have hidden issues.

**Step 3: Scan community feedback.** Look for many users complaining about operational pitfalls, stuck funds, or inability to withdraw in social groups. This is the most direct risk signal.

The core of small fund IPOs is stability—don't be blinded by high yields. Choosing the right platform saves not only time but also your principal.