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Author Topic: Trade on the Exchange, not in a "wallet"  (Read 14556 times)

Offline Dreamer

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Re: Trade on the Exchange, not in a "wallet"
« Reply #105 on: March 02, 2021, 12:05:00 AM »
PayPal will do anything to protect its users from losing their money, and that is why things like this happen! It's good to trade on exchanges and make PayPal the final wallet maybe to trade Bitcoins only twice per day to avoid any restrictions.

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Re: Trade on the Exchange, not in a "wallet"
« Reply #105 on: March 02, 2021, 12:05:00 AM »

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Offline mahid

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Re: Trade on the Exchange, not in a "wallet"
« Reply #106 on: March 02, 2021, 05:43:13 AM »
It is never right to trade by connecting directly to the wallet. This is extremely risky. It is important to avoid this if you want to protect your wallet. Otherwise you can fall prey to hackers at any time.
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Offline Senin

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Re: Trade on the Exchange, not in a "wallet"
« Reply #107 on: March 02, 2021, 08:02:49 AM »
Connecting a wallet for direct trading is very risky. At any time the wallet may become empty. Moreover, the wallet is the place to keep all your assets. None of us want your assets to be at risk for a small trade. So avoid connecting the wallet as much as possible.
Cryptocurrency continues to develop rapidly and I hope that in the near future we will see new useful, convenient and safe opportunities for trading our cryptocurrencies. So far, I am only studying the possibility of trading from a wallet. It seems very convenient, but from a security point of view, I don't know. Many here warn about such a danger, but I do not see any specific complaints about hacks, for example, the Trust wallet.

Offline labonikhatun

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Re: Trade on the Exchange, not in a "wallet"
« Reply #108 on: March 02, 2021, 08:47:56 AM »
We need to use a secure and reliable wallet to trade it is not possible to save capital while trading without using a wallet this requires the use of a reliable wallet and wallet access cannot be shared with anyone. The number of scams is increasing due to the rapid development of crypto you can choose the wallet by analyzing the market well.

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Re: Trade on the Exchange, not in a "wallet"
« Reply #109 on: March 07, 2021, 02:31:24 PM »
At present there are some miscreants who are always looking at the wealth of others. Whom we call hackers. They always attack when they find various small bugs. In this environment it is more risky if you have all your assets in hand that means trade by connect wallet . So I think you should avoid by connecting wallet for trade.

Offline yohananaomi

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Re: Trade on the Exchange, not in a "wallet"
« Reply #110 on: March 07, 2021, 02:40:41 PM »
At present there are some miscreants who are always looking at the wealth of others. Whom we call hackers. They always attack when they find various small bugs. In this environment it is more risky if you have all your assets in hand that means trade by connect wallet . So I think you should avoid by connecting wallet for trade.
We cannot avoid hackers who have become a culture for them and have even become a source of livelihood, where they look for the weaknesses of everyone who are inconsistent in protecting their possessions, and there are still many that happen and never continue to learn from the mistakes they have made.

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Re: Trade on the Exchange, not in a "wallet"
« Reply #111 on: March 07, 2021, 06:04:58 PM »
Currently, with the introduction of DEX, many people decide to conduct transactions directly from crypto wallets such as MetaMask, MEW through the swap feature. However the transaction costs are quite high, around 0.3% + gas of the blockchain, so I don't think it's a good choice for full-time professional traders. It should only be considered as an option to increase the liquidity of tokens in wallets, but if for transactions, users should use CEXs such as Binance, KuCoin, Yobit, Houbi...
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Re: Trade on the Exchange, not in a "wallet"
« Reply #111 on: March 07, 2021, 06:04:58 PM »


Offline Anonylz

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Re: Trade on the Exchange, not in a "wallet"
« Reply #112 on: March 09, 2021, 12:43:44 PM »
Currently, with the introduction of DEX, many people decide to conduct transactions directly from crypto wallets such as MetaMask, MEW through the swap feature. However the transaction costs are quite high, around 0.3% + gas of the blockchain, so I don't think it's a good choice for full-time professional traders. It should only be considered as an option to increase the liquidity of tokens in wallets, but if for transactions, users should use CEXs such as Binance, KuCoin, Yobit, Houbi...
I agree and I don't really remember to see those as cryptocurrency exchanges and what goes on in there to me doesn't really sound like trading but swapping cryptos and like you said, those fees are way higher compare to centralize exchanges like you mentioned.

Offline Carbitcoin

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Re: Trade on the Exchange, not in a "wallet"
« Reply #113 on: March 09, 2021, 04:20:32 PM »
Currently, with the introduction of DEX, many people decide to conduct transactions directly from crypto wallets such as MetaMask, MEW through the swap feature. However the transaction costs are quite high, around 0.3% + gas of the blockchain, so I don't think it's a good choice for full-time professional traders. It should only be considered as an option to increase the liquidity of tokens in wallets, but if for transactions, users should use CEXs such as Binance, KuCoin, Yobit, Houbi...
I agree and I don't really remember to see those as cryptocurrency exchanges and what goes on in there to me doesn't really sound like trading but swapping cryptos and like you said, those fees are way higher compare to centralize exchanges like you mentioned.
The fact is that decentralized exchangers will be in demand only among those cryptocurrency users who trade large volumes of cryptocurrency and therefore it is beneficial for them to hide their data so that in a certain sense they do not have problems in the future.
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Offline Tolyk

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Re: Trade on the Exchange, not in a "wallet"
« Reply #114 on: February 02, 2023, 01:06:02 PM »
Of course, everyone uses the exchange to trade cryptocurrencies, since this is the most secure place to trade.

 

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