Exchanges or platforms with too good offers. Be careful

[AakZaki]

What is too good is rarely true because it is not workable in the long run so we should not put our hard-earned money in such  offers of exchanges or any other investment platforms. Such offers come up with huge reward to play with greed emotions of investors and steal their hard earned money.The reward offers are huge & unrealistic and  in most of cases not based on any good  business plan which is workable. Better to stay away from such offers and invest in schemes which are backed by well reputed firms and offer realistic returns.

new investors will certainly be attracted by the big prize offers. instead of getting a lot of benefits, but in the end you have to let the assets just disappear. Examples of cases such as the current FTX, provide very cheap fees but in reality they manipulate and misappropriate investors' money as they like. When the exchange is too good, of course you are worried that it will disappear and disappear, but when the exchange is too tight and the fees are expensive, you are also afraid that the funds will be stuck inside. So now investors are starting to be afraid to put their money in exchange with large amounts.

[tranthidung]

just like you, I am attracted to using FTX because they cover part of the fees for erc20 transactions and it really helps me. Moreover, they also have very low btc withdrawal fees.

It is their attractive hook to retailed users but when they go bankruptcy, they will make compensation partially for top investors, biggest users first. It's not fair and people should know that.

One more thing I did not like FTX months ago, is their Wash trading that is not a signal of a good and top exchange. When I experienced it, I did neither trade nor store big capital on FTX, honestly. Fortunately, it is how I avoided this bloody collapse.

Although some of them is not quite bad after all since they really deliver, but its just we should always put our minds that however trusted they are and how big the platform it is chances that FTX scandal may still happen on one of them. So better listen to people telling that don't save your money on exchange/platforms to avoid losing it better to save our funds on our hardware wallets to be more secured.

We can enjoy good offers from big exchanges, not from new ones. First, new exchanges can give you very high bonus, very attractive offers but we don't know will they disappear after a few weeks or months of operation. Second, about big exchanges, such as FTX, no guarantee for future. So take risk, take opportunities, enjoy it and exit as soon as possible.

new investors will certainly be attracted by the big prize offers. instead of getting a lot of benefits, but in the end you have to let the assets just disappear.

Even plebs can do the same mistakes like newbies. Because human instinct is unchanged and majority of the crowd can not control their greed and bad human instinct.

[Magic-Money]

The crypto market really shake on the deal of FTX transaction that make the recent market dip has not been recover for over a week now, still on the bear market time zone, which really dept with people that trades on daily bases and even get liquidated on future exchange trading platform.