Cool Thread!
Would like to add few things to the existing types.
Brokers- Strength- you can buy a crypto backed etf( such as GBTC), so you are actually invest in crypto, but it would be much easier to convert the winnings into fiat, as taking money out of your broker account is much different from taking money out of a crypto exchange account, banks are most likely to accept that money.
Centralized Exchanges-Weakness- At most of the exchanges, you would need to reveal your identity for using the exchange, unlike at decentralized exchanges where you won't even need to reveal your name in order to use.
Decentralized Exchanges-Weakness- currently, there are no decentralized exchanges with a fair volume, so it's almost impossible to use one.
Thanks for the comment!! Thanks to you I had added:
- 5. Non-executable brokers/platforms
- need to reveal your identity for Centralized Exchanges-Weakness
- no decentralized exchanges with a fair volume for Decentralized Exchanges-Weakness
But could you please explain what do you mean no fair volume (for decentralised exchanges)? Tell about some examples.
this is one good thread,such a brightful mind can make a thread that has open all the issues from questions and answers needed by many users now.actually me myself had learn some points in which i really dont know since.thank you so much op.