|
REPORT COPYRIGHT VIOLATION IN REPLY
|
|
Message Subject
|
New Crypto Exchange
|
|
Poster Handle
|
Anonymous Coward |
|
Post Content
|
OK can someone explain this to me like I'm a 5 yr old? I've been buying crypto on Binance since last Feb and have actually made some nice gains but still don't understand what any of this stuff they talk about on the website means or what's so great about it but I'm definitely interested. Or links to some good and trusted tutorials would be nice
Quoting: Non AC Centralised exchanges like Coinbase, Binance etc have owners and everytime you trade they get a cut. Decentralised exchanges rely on liquidity of assets and the users are the suppliers, certain exchanges will give you a % for keeping some of your crypto there. I think also maybe more importantly, the way things are going if you don't bend and comply to every request of the Technocratic Overlords - you might find yourself locked out of exchanges and bank accounts frozen etc... With decentralised exchanges you are in control of your own assets at all times, just keep your main stash in a hardware wallet or paper wallet.
|
|
|
Please verify you're human:
|
|
|
Reason for copyright violation:
|
