@rezoanulvibesOnNoiseApp
It is better to use DEX instead of CEX. If you buy crypto from a centralized exchange, you need to transfer that to your wallet where you hold the key. Otherwise, no matter whether you leave your crypto on the lending platforms like BlockFi or a crypto exchange like FTX, you may lose your crypto at any time. You can find crypto that has the potential not only to survive in a bear market but also thrive in the next bull market. But when you take entry into a bear market, that's important. You may buy thinking that's the bottom, but the price keeps falling. Don't invest everything to buy at a time. You can divide your capital into small portions and make investments based on your strategy. You need to follow your own path and learn by taking action.
9 comments
Solid advice.
Thank you for your feedback!
Word. My relationship with CEXs is withdraw fiat only. On some rare occasions, I also need to re-route crypto back to Dapps.
I also use crypto exchanges to withdraw fiat. Sometimes I do trading, I need to use CEX that time as well. Hope we will have more decentralized exchange options in the future so we don't have to rely on CEX anymore.
Really hoping so too.
love bit
Thanks!
Good tips.
Thank you