icalical
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August 26, 2023, 02:27:19 PM |
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Tell us your crypto investment let’s learn from you and tell us which platform you used. Personally have tried out flexible savings; flexible savings gives opportunity to make passive income everyday on your savings based on the percentage allocated to the savings you subscribed for. Also there are APR savings on each newly listed tokens upto and more than 100% depending on how the event goes, these are opportunities you can get if you use flexible savings. Basically this feature is only available on CEX
I only buy and hold some crypto, and this is the first time I have ever heard of flexible saving, what it seems like you describe something that very similar to stacking. But seems like you put your money on a Centralized Exchange, which is quite risky on the long run. The less risky thing to do would just stack your coin on a decentralized staking pool. There are a lot of this, you can just search on google.
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jcojci
Full Member
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Activity: 1316
Merit: 150
Top Crypto Casino
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August 26, 2023, 02:27:24 PM |
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You can try it on Binance, KuCoin, and several other exchanges. That can be a way for you to generate a decent return but it will depend on how much amount you use. But that is if you are okay with the risk because holding on to an exchange comes with risks. Not your keys and not your coins.
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Agbe
Legendary
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Merit: 1372
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August 26, 2023, 02:44:59 PM |
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Op that looks like advertisement, all what you are saying the flexible saving and you even make it to be as if it is the only platform that has the best investment. As it is I am not even interested to invest in a centralized exchange platforms and the best place to invest your bitcoin is Electrum wallet or any other non custodial wallet where your coins are well save. I think Ramitano has locked some people coins in their exchange and according to them because they are maintaining their website or app. The time when Electrum was upgrading, their was no lock of funds and everything was going smoothly.
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darkangel11
Legendary
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Don't let others control your BTC -> self custody
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August 26, 2023, 07:25:25 PM |
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Basically this feature is only available on CEX
I guess that makes it impossible for me to answer your question as I don't use CEX As far as the investment plan goes, it's simple. You buy bitcoin somehow. If you have to use CEX, do it. Best way is to find a trusted bitcoiner who will trade you OTC wallet to wallet, so you don't have to risk any of your personal information. The other rules are don't buy shitcoins and don't keep coins on exchanges or with any brokers that offer interest.
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Dr.Bitcoin_Strange
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August 26, 2023, 09:35:53 PM |
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flexible savings gives opportunity to make passive income everyday on your savings based on the percentage allocated to the savings you subscribed for. No way close. It's a big risk to allocate a huge fund to those centralized exchange. Before you can earn a good profit on most of those centralised exchanges, you really need to save a huge amount of your assets, like about $10k and above; otherwise, you will not even be making up to $30 APY in a month. I tried to save with Binance Exchange when I earlier started my cryto journey, but the profit obtained was very small. But I made some calculations on their provided APY with a higher allocation of funds, and that's when the profit made a little sense. Although I would not advise anyone to risk their assets on a centralised platform, which can have issues any day and can cause you to lose your funds, the best way to keep one's crypto assets safe is to hold them in a self-custodial wallet. Some of these platforms that are offering some high APY for staking or saving your crypto assets may only be trying to win users trust; they can come up with some hack story any day and disappear with investors funds.
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2double0
Legendary
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Activity: 2618
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August 26, 2023, 09:44:45 PM |
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I have tried some coins with very high APR and I was very lucky to get out with 3 to 5 times every time I put my money on them, one of the projects was BSW (Biswap) that gave me a great return on my investment because I was not only gaining the staking rewards but the price boomed and I sold it at its peak. Though I did it, I will never advice anybody to do the same because it holds very high risk of getting your capital drained if either the price of staked coins go down to very low or the place where we have staked goes missing.
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BitcoinPanther
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August 26, 2023, 09:45:56 PM |
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Tell us your crypto investment let’s learn from you and tell us which platform you used. Personally have tried out flexible savings; flexible savings gives opportunity to make passive income everyday on your savings based on the percentage allocated to the savings you subscribed for. Also there are APR savings on each newly listed tokens upto and more than 100% depending on how the event goes, these are opportunities you can get if you use flexible savings. Basically this feature is only available on CEX
I invested both in Bitcoin, established altcoin and newly created project. Among this investment, the Bitcoin and established altcoin investment gives more security and peace of minds while investment on newly established project often times ends up in frustration, since scammer are good in mimicking the legit one. I have lost a lot during the P2E and NFT craze due to rug pull and bankrupt declaration, so I learned my lesson well on that experience and now I only invest in cryptocurrency that has high liquidity.
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letteredhub
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August 26, 2023, 09:51:50 PM |
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You are saving coins on a centralized exchange, you are making a very big mistake.
Centralized exchanges means not your key not your coin, until the inconveniences are seen would be when you will know how dangerous it is to save coins on centralized exchanges.
I will prefer to hold bitcoin instead by sending it to my noncustodial wallet for me to have the 💯% control that i want.
I understand actually but it depends on the CEX you’re using, I once posted an article on how to choose your choice of CEX and another thing is “Do not base your investment on people’s opinion or advice always DYOR” You are right when you say we shouldn't base our investment on people's opinions and advise but practically do our own personal research and draw conclusion or decision from the research. But this doesn't rest well with CEX, CEX is CEX no degree of cooked words can change that. They might have gained a good reputation over the years and security too but in as much as your private seed phrase ain't in yours custody it makes the whole interpretation of having your investment savings in it like a time bomb.
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livingfree
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August 26, 2023, 10:04:41 PM |
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That's too risky to invest in cloud mining or flexible savings offers from exchanges like Binance.
You said it right. Many seems to be trusting with Binance because they are Binance and because of "funds are safu". I guess CZ did well on advertising those keywords about safu. While it can't be stopped that people will keep on saving on their flexible savings, they just need to be reminded that it's the exchange like Binance that's keeping their money and not them. They have no guarantee that if a hack happens, they'll be refunded.
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blockman
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August 26, 2023, 10:24:26 PM |
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Tell us your crypto investment let’s learn from you and tell us which platform you used. Personally have tried out flexible savings; flexible savings gives opportunity to make passive income everyday on your savings based on the percentage allocated to the savings you subscribed for.
I've also used flexible savings but it seems that it's not really that much. Plus, you don't hold the custody of your coins if it's on an exchange. Which exchange have you tried flexible savings? Once you can get the right exchange that has a good reputation then you’re good to go, It was on Binance, I don't think that it's worth of time and money. What's the right exchange that you're talking about that has a good reputation? Binance can be considered as that but I don't think that I'll be on it again. especially those ones with prove of fund reserve.
This can be just words of trust. You'll not know if they're actually having the actual proof of reserve if they're able to provide it for you. And even they show you that, you can't be 100% sure that everyone's going to be filled if that has been used.
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nakamura12
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August 26, 2023, 10:32:33 PM |
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As the saying goes "NOT YOUR KEYS NOT YOUR COINS" so storing your crypto like Bitcoin in an exchange is not a good choice to make since you don't have the keys of the wallet that is used to store your crypto in the exchange site compared to storing it on your own wallet although you won't have any APR. Well, it's your decision to store your crypto in an exchange because of benefits you can get and I think you are willing to take the risk of doing it. Anyway, I tried investing in a casino before but the platform right now is no longer existed since they announced it before that they are going to shutdown their casino for a reason.
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Ronsbit
Member
Online
Activity: 98
Merit: 10
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August 26, 2023, 10:38:40 PM |
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I personally have not had the time to really look into investment yet as I am still learning the process and how it works though the nature of my work does not really permit me hence I have not been able to make Post here but the be so far I have been able to look into binance as a credible source for trading which I do when ever little time avail itself for me. I have been able to buy some coin on binance platform and holding them and Bitcoin is another one too I can never missout.
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mamesso
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August 27, 2023, 03:28:43 AM |
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If there's something better, why choose another one? Bitcoin has been proven to be able to withstand any fluctuations in the market, maybe the price is currently experiencing a slight correction due to some skewed news spread in the media, but Bitcoin will continue to grow and grow in the future. Never entrust your coins be stored in a centralized exchange, as long as you don't hold the private key, that means it's not your asset. Choose a secure wallet that you can hold the private key, you can fully control the assets you own.
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Mayor of ogba
Sr. Member
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Activity: 504
Merit: 347
Get $2100 deposit bonuses & 60 FS
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August 27, 2023, 04:32:20 AM |
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Tell us your crypto investment let’s learn from you and tell us which platform you used. Personally have tried out flexible savings; flexible savings allow making passive income every day on your savings based on the percentage allocated to the savings you subscribed for. Also, there are APR savings on each newly listed token up to and more than 100% depending on how the event goes, these are opportunities you can get if you use flexible savings. This feature is only available on CEX
Please be careful about how you invest your funds in projects that have high APR because is a way of attracting investors to scam them off their money, Secondly, you will not know what the price of the token you invested in. Keeping your assets in a centralized exchange be it Binance or not is not a good option because any day the centralized exchange has problems your assets will not be accessible to you. Always learn to save your assets in your wallet where you have 100% control of it.
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Jawhead999
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Merit: 1209
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August 27, 2023, 04:36:12 AM |
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I only tried to invest in casino bankroll in few years ago, but now I already leave any centralized platform.
Banks are regulated by the government and there's an institution willing to give an insurance in case the bank went to bankrupt, bur as a Bitcoin enthusiast, centralization isn't never been safe. While Binance, Coinbase, Kucoin, DEFI etc aren't regulated, if their exchanges went to bankrupt, it's over and there's no such insurance. Just like FTX bankrupt, the punishment is SBF going to jail, that's it.
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Peanutswar
Legendary
Online
Activity: 1764
Merit: 1349
Wheel of Whales 🐳
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August 27, 2023, 01:58:42 PM |
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If you are just holding your asset in a centralized exchange it's a big no because it's their coin, not yours because you don't have a fully authorization with your asset still there's a limit on this access, instead if you are just holding your coins better to use a hot or cold wallet, the essence of the crypto is the anonymity but because of this kind of services of being convenient the centralized platform removes it, you can get an idea here with GazetaBitcoin content related to the things I'm talking about 12 years later and people still don't know to use Bitcoin nor what it's good for. Also take care with different projects and hype better to make sure those investment you are joining is reliable and brings you a profit and not get honeypot.
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Bitcoinpoly (OP)
Newbie
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Activity: 238
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August 30, 2023, 01:22:34 PM |
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Tell us your crypto investment let’s learn from you and tell us which platform you used. Personally have tried out flexible savings; flexible savings gives opportunity to make passive income everyday on your savings based on the percentage allocated to the savings you subscribed for. Also there are APR savings on each newly listed tokens upto and more than 100% depending on how the event goes, these are opportunities you can get if you use flexible savings.
I have seen many centralized platforms that offer lucrative profits from investing in some of their investment packages. However, I have not tested any of these platforms because of some experience with these centralized platforms. Some relatives lost so much money they invested in these platforms. Currently, I am keeping my coins in a decentralized wallet because I want to have full control of my investments. My only option in crypto investment is Bitcoin due to its stability and good track record. Some altcoins are too risky to invest in and many are not reliable. One thing you should know is you shouldn’t just choose an exchange without doing a proper research on them, get an exchange with that has a good user fund protection reserve.
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Bitcoinpoly (OP)
Newbie
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Activity: 238
Merit: 0
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August 30, 2023, 01:24:20 PM |
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Tell us your crypto investment let’s learn from you and tell us which platform you used. Personally have tried out flexible savings; flexible savings gives opportunity to make passive income everyday on your savings based on the percentage allocated to the savings you subscribed for.
I've also used flexible savings but it seems that it's not really that much. Plus, you don't hold the custody of your coins if it's on an exchange. Also there are APR savings on each newly listed tokens upto and more than 100% depending on how the event goes, these are opportunities you can get if you use flexible savings. Basically this feature is only available on CEX
Those are the risky ones and I'd avoid them because they're not really good tokens for you to put on that APR savings because they mostly are going to be down the soonest it adds liquidity. Btw, this shouldn't be here but on Altcoin Discussion. On which exchange did you tried it out? Let me know and I can compare it with the exchange I’m using currently.
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Bitcoinpoly (OP)
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August 30, 2023, 01:26:13 PM |
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Payment Gateway, investigation about market share Crypto buyers in Ecommerce. Trading in my eyes has little to do with crypto. The stock exchange should update and make trading in wheat bushels as easy as you can do copy trading.
Yea copy trading is okay but not all exchange has it you can find it on few exchanges like Bitget and Bybit
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Mate2237
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August 30, 2023, 01:35:40 PM |
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The best investment of cryptocurrency is bitcoin and in any open source wallet. You have to buy bitcoin and store it in the non custodial wallet and hodle it for about 5 years minimum and maximum of 10 years. Bitcoin investment is not for short term but it is very good when you are doing it for a long term investment. Or even though you are not using bitcoin but any other cryptocurrencies, still use non custodial wallet for the investment because it is the sure way.
Op all those ones you mentioned, are centralized exchange platforms and it is not good to make an investment in central exchange platforms because they can collapsed at anytime. And also there 50/50 in the exchange platform in which, you might loss your coins to the central authority of the platform since you are not the sole controller of the coins.
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