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Cryptocurrency Trading / The Good and Bad of Crypto Banking 🤔
« on: August 01, 2023, 09:16:18 AM »
You see, 2/3 of the 30 largest global banks support crypto trading through exchanges. But is this really good news for us? Well, let’s see.
Pros:
More access and exposure to crypto assets.
More security and trust.
More innovation and competition.
Cons:
More fees and restrictions.
More surveillance and control.
More dependency and risk.
So, there are both advantages and disadvantages to using these banks to trade crypto assets. It depends on what you value more: convenience or freedom? Security or privacy? Innovation or stability?
Personally, I like to have options and diversity in the crypto space. I use these banks for some of my crypto needs, but I also keep some of my crypto assets in my own wallet or on a decentralized platform. That way, I can enjoy the best of both worlds.
What about you? Share your thoughts with me in the comments below. And don’t forget to hit that like button, share this video with your friends, and subscribe to my channel. #crypto #banking #prosandcons #Binance #Coinbase #decentralized
Pros:
More access and exposure to crypto assets.
More security and trust.
More innovation and competition.
Cons:
More fees and restrictions.
More surveillance and control.
More dependency and risk.
So, there are both advantages and disadvantages to using these banks to trade crypto assets. It depends on what you value more: convenience or freedom? Security or privacy? Innovation or stability?
Personally, I like to have options and diversity in the crypto space. I use these banks for some of my crypto needs, but I also keep some of my crypto assets in my own wallet or on a decentralized platform. That way, I can enjoy the best of both worlds.
What about you? Share your thoughts with me in the comments below. And don’t forget to hit that like button, share this video with your friends, and subscribe to my channel. #crypto #banking #prosandcons #Binance #Coinbase #decentralized