Apart from some features, trading ERC20 tokens in DEX is a disaster if comparing fees with CEX, that's why it is better to use both CEX and DEX.
Maybe you can expand on that ? Do you mean trading fees for ERC20 tokens in CEX are way lower ? So if I'm trading LINK for BTC, I'm better off with a CEX ? I have said that because there are some tokens that I have in Metamask and in fact I have been disappointed for a long time because of the swap fee. Take a look at an example of this token, I have 7110 CTRO which is worth 0.0033695067 ETH but its swapping fee is over $150 !!! But the same token "CTRO" I trade it for a fee of 0.2% on CEX which is the BigOne exchange! So fees I think are the biggest challenge for DEX, especially for ERC20 tokens.  |
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Thanks Jawadu, I will check that out. The KYC would be the only downside for me,
Welcome, buddy. KYC is really a challenge for many, but it is good to strive to complete KYC even on one big CEX because for a trader capable of buying 1 Bitcoin as you, it is good dealing with both CEX and DEX in different times and currencies. If I had to choose between a centralized exchange with KYC and a DEX without KYC, but with only fractional BTC options, I guess I would choose the DEX,
DEX is good, but you'll miss many features from CEX. Apart from some features, trading ERC20 tokens in DEX is a disaster if comparing fees with CEX, that's why it is better to use both CEX and DEX. |
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First of all, as you are advised in the first comment is absolutely correct! You can buy Bitcoin in large quantities from Paxful because I have been using it for over two years now so I know it well. I have also been using the Gate exchange for a long time now, they need you to complete KYC but they have very strong security that I am confident putting more of my capital on the Gate exchange than even in Binance! If the Gate exchange supports your country then try to open an account there, you will buy 1 Bitcoin very easily with just one trade! Edit: Paxful and Gate exchanges both allows you to buy Bitcoin with Altcoins, so don't worry  |
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Is it really necessary to take a course before getting into trading?
Absolutely, it is very important to get trading courses before you start anything! Trading for the first time is like learning car driving, you can only be instructed on how the car works and you can easily understand it, but if you are given to drive it, you can cause accidents because you understand the instructions but you still have no experience with driving! That's the way it is in trading, you can only be given regular instructions and understand some things but if you enter the markets you will have a much higher risk of losing more than making a profit! Unless you will decide to learn first maybe for one week/month by looking for a good trading course and then practicing what you learned, you will have a much higher chance of making a profit than a loss. Trading is profitable for a person with patience, set aside time, study trading, start trading and you will make a profit! |
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I recommend holding! Not that mining is not profitable, but it needs a lot of money in preparations and running the whole process 24/7. But you can start holding even with $500 and if you start holding at the right time then you'll see an increase to your portfolio slowly day by day.
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Haha! 1 BTC is a lot of money in my country, I can buy a very beautiful house for just $30,000 or I can build my own for only $25,000 !!! With $30,000 I will get a house with 4 rooms (2 master rooms), 2 public bathrooms, 1 sitting room, 1 kitchen, large parking space, and it will be located in the city! For the remaining amount, I will purchase a Toyota RAV4 for only $6000 and then opening a mini-market (I will accept Bitcoin and Altcoins as payments too, that's my dream) which will cost $15,000 only, and the remaining amount will be an emergency fund.    |
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I would love to join this bounty but there are things I would like to be informed of;
1. Are we creating original posts about this project or are we repost the posts of this project from its Instagram page?
2. You said the payment is quarterly, is it quarterly a week, a month, or a year because you said the bounty has no end date?
1. Reposts 2 Quater is accounting is once in three month Okay, thanks. |
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I would love to join this bounty but there are things I would like to be informed of;
1. Are we creating original posts about this project or are we repost the posts of this project from its Instagram page?
2. You said the payment is quarterly, is it quarterly a week, a month, or a year because you said the bounty has no end date?
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So it would be a good scam because I have been involved with Bitcoin since 2017 and to this day I have made a good profit  , although sometimes we lose if we trade Bitcoin when the market is volatile, but I never had such thoughts of thinking if Bitcoin was a scam just because of loss or anything else. People, we are scams, but Bitcoin is just a coin  |
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Everything has a positive and negative effect, perhaps you should learn all the basics of blockchain and cryptocurrencies at least for a month, 2 months, or more before giving on career and dive into crypto world 100%.
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Personally, I like bear market. Because without a bear market then we'll have very few ways to earn profit from cryptocurrencies. The bear market is good for profit but too risk as well, so we have to be extra careful so that we can not lose our capital in a bear season.
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