Viewing a response to: @introvertspeaks/re-the-ego-is-you-re-ssjsasha-re-blocktrades-blocktrades-adds-support-for-bitcoin-cash-20180115t162103583z
Not sure. I recommend not using the most popular exchanges however. They are often the ones to fall first in market corrections. Instead use small and decentralized exchanges, as long as they can provide enough liquidity for your trades. That way your funds stay safe even if a particular site or company goes down.
| author | the-ego-is-you |
|---|---|
| permlink | re-introvertspeaks-re-the-ego-is-you-re-ssjsasha-re-blocktrades-blocktrades-adds-support-for-bitcoin-cash-20180115t170020373z |
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> I recommend not using the most popular exchanges however. Probably you are right! But I don't do day-trading anyway, I'm into a handful of alts for the long haul as I am just a minnow--day trading is profitable if you have enough capital, albeit so risky. [Binance](https://www.binance.com/?ref=13668832) is the **best ever** in my personal experience. It works like a charm--no identity verification required, easy to use and with unmatched trading fee. The unavailability of Verge (XVG) and Cardano (ADA) on most exchanges has led me to [Binance exchange](https://www.binance.com/?ref=13668832). I just couldn't find those coins elsewhere--let alone on DEX. > Instead use small and decentralized exchanges, as long as they can provide enough liquidity for your trades. That way your funds stay safe even if a particular site or company goes down. How could you say the funds stay safe--when the company itself goes down?
| author | introvertspeaks |
|---|---|
| permlink | re-the-ego-is-you-re-introvertspeaks-re-the-ego-is-you-re-ssjsasha-re-blocktrades-blocktrades-adds-support-for-bitcoin-cash-20180115t173534389z |
| category | blocktrades |
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CryptoBridge has XVG, but not ADA it seems. Bitshares based sites are really good imo, but not marketed well and the interface is still not top notch. The funds on the DEX stay safe(er) as long as the chain itself can be preserved. If a centralized exchange goes down, that's the company holding your money disappearing and a lot of funky stuff can happen to the tokens you supposedly "hold" in your account with them. On something like Bitshares, if the site is down that's not a problem because a new site can be launched. If all the witnesses got arrested by an invasive government, I'm pretty sure new witnesses could be selected, so it would still not be unfixable. If nothing else, a fork could be made and a copy of the exchange could start under a new flag. (The economics of that would however likely be complicated, I'll admit that) There are still risks obviously. Quite big risks because of how new the tech is and us having to work out the best governance systems. But you're not as likely to see the exchange brought down entirely because of a single company getting sued and your tokens be gone because of it.
| author | the-ego-is-you |
|---|---|
| permlink | re-introvertspeaks-re-the-ego-is-you-re-introvertspeaks-re-the-ego-is-you-re-ssjsasha-re-blocktrades-blocktrades-adds-support-for-bitcoin-cash-20180115t184956160z |
| category | blocktrades |
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I did try to use Bitshares once in a while, but got disappointed by the **user unfriendly interface** not to mention the constant lose connection to the node. I keep changing nodes every time I move funds due to this issue. For this reason, I decided to sell all my BTS at $0.49 for XVG and ADA instead. As far as I know, Binance is distributing its servers in countries like Japan, South Korea and Hong Kong. With that being said, I am confident government regulations will have a hard time bringing the exchange down. Also, I move some of my alt-coins so often to a desktop or dedicated online wallet after a period of time and have my Binance account 2FA-enabled. So hacking within the exchange itself is the only possible means of losing them. Thanx for the insight though--I just don't find DEX to be competitive, just yet. But who knows, Atomic Swap is even more promising and already on the horizon--perhaps it will be the next big thing in 2018-2019.
| author | introvertspeaks |
|---|---|
| permlink | re-the-ego-is-you-re-introvertspeaks-re-the-ego-is-you-re-introvertspeaks-re-the-ego-is-you-re-ssjsasha-re-blocktrades-blocktrades-adds-support-for-bitcoin-cash-20180115t193245675z |
| category | blocktrades |
| json_metadata | {"tags":["blocktrades"],"app":"steemit/0.1"} |
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