DdmrDdmr
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Activity: 2464
Merit: 11000
There are lies, damned lies and statistics. MTwain
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November 20, 2018, 10:06:33 AM |
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Yobit Exchange officially started Pump (and Dump) practices last month, although after all the heavy criticisms I don’t know if they will continue with their plan. Pump and Dump practices are not (officially) really exchange initiated but rather whale/group related.
When deciding on what exchange to use, you need to analyse factors such as security, confidentiality (user logged data) , cryptocurrencies on the exchange (what you are interested in may not be on the exchange), fiat acceptance (some do not accept fiat deposits, and require you to make cryptocurrency deposits that you need to acquire elsewhere (i.e. on another exchange)), ease of use, volume being trades, fees (deposit, trade, withdrawal), restrictions (such as minimum withdrawal amounts), and so on.
Now all those factors are not going to be on your mind from the get-go, and the weight of them varies (for example, if you often trade, then fees are a concern, but if you buy and hold then it’s more of a one off feature).
Normally, Coinbase is a good starting point to convert fiat into your first BTC/BCH/ETH/LTC (easy to use, but higher fees than other options). CoinbasePro (family of Coinbase) is better than Coinbase in terms of fees and functionality options once you get the hang of it. I find Binance a decent exchange to expand into Alts.
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