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Lanistergame2;28498 wrote:Well right now if you all were spoken to and they told you CRP Crypton would end this year at $0.3 would you all believe that or you would not take that prediction.
Crypto investors may be skeptical about market predictions for the last month of the year due to several reasons.
The cryptocurrency market is known for its high volatility, making accurate predictions challenging.
Vastextension;28588 wrote:thrive;28587 wrote:DEXs operate on blockchain networks, allowing for peer-to-peer trading without a centralized intermediary. They provide an alternative to paying listing fees as the listing process is typically more open and accessible.
However, DEXs often face liquidity challenges and limited user adoption compared to centralized exchanges.
To get listed on exchanges without paying fees, crypto projects can build a strong and engaged community can help garner attention and support for a project. This, in turn, may attract the interest of exchanges.
Establishing partnerships with existing projects within the crypto ecosystem can increase visibility and credibility, potentially increasing the likelihood of being listed on exchanges.
Vastextension;28582 wrote:thrive;28581 wrote:Critics argue that paying listing fees can create an uneven playing field, as it favors projects with larger budgets while potentially excluding promising projects with limited resources.
This can lead to a disproportionate influence of well-funded projects and hinder opportunities for smaller or grassroots projects.
Some argue that exchanges charging listing fees perform due diligence and quality control, as they may vet projects before listing them.
Although the effectiveness of this vetting process can vary, it is suggested that listing fees can act as a barrier to block scams or poorly developed projects.
oba;20534 wrote:joanna;20533 wrote:It is important to note that each exchange has its own set of listing criteria and evaluation processes. Meeting these criteria may increase the chances of a cryptocurrency being listed, but it does not guarantee automatic inclusion on popular exchanges.
Ultimately, exchanges assess multiple factors to determine which cryptocurrencies to list, aiming to provide a diverse and secure selection of trading options for their users.
Well some coins project pays exchanges so that they can list their coin on such exchanges although I think it's crazy but this is happening for real in cryptocurrency.
The idea of cryptocurrency projects paying exchanges to get listed is controversial and has been a topic of debate within the crypto community.
joanna;28570 wrote:oba;28569 wrote:In an age where data breaches and identity thefts are rampant, private transactions can protect individuals from these risks.
By keeping the information shared in a transaction to a bare minimum, consumers can ensure that their private financial details are not exposed.
Businesses often need to make transactions in private to protect their strategies related to investments, mergers, acquisitions, and partnerships, among others.
With private transactions, individuals living in oppressive regimes can engage in economic activities or receive funds from outside without fear of reprisal from their governments.
joanna;28568 wrote:oba;28567 wrote:Additionally, privacy is also tied to other essential human rights, such as freedom of thought, conscience, and religion.
As for private transactions, they have important legitimate use cases in various contexts.
In an age where data breaches and identity thefts are rampant, private transactions can protect individuals from these risks.
By keeping the information shared in a transaction to a bare minimum, consumers can ensure that their private financial details are not exposed.
joanna;28566 wrote:oba;28565 wrote:However, it's important to note that just as cash, the use of privacy coins isn't inherently illicit and they carry legitimate use cases, especially for individuals and organizations prioritizing privacy and security.
Many people and organizations believe that privacy is a fundamental human right because it's critical to the freedom of expression and the protection of individuals from potential abuses and harms.
Additionally, privacy is also tied to other essential human rights, such as freedom of thought, conscience, and religion.
As for private transactions, they have important legitimate use cases in various contexts.
joanna;28564 wrote:oba;28563 wrote:Such features make it very difficult, if not impossible, to link transactions to users' identities.
Thus, the potential abuse of these cryptocurrencies by individuals engaging in illicit activities, such as money laundering, fraud, tax evasion, or trade of illegal goods and services, has raised concerns.
However, it's important to note that just as cash, the use of privacy coins isn't inherently illicit and they carry legitimate use cases, especially for individuals and organizations prioritizing privacy and security.
Many people and organizations believe that privacy is a fundamental human right because it's critical to the freedom of expression and the protection of individuals from potential abuses and harms.
joanna;28562 wrote:Detroit;26903 wrote:However, this has made them a controversial asset class. Proponents argue that privacy is a human right, and private transactions have important legitimate use cases – for example, getting funding to people suffering under oppressive regimes. Opponents, on the other hand, point out that privacy coins are the medium of exchange of choice for those laundering the proceeds of illicit activities.
Privacy coins enhance the security and anonymity of transactions, offering privacy features that go beyond those of traditional cryptocurrencies like Bitcoin.
Such features make it very difficult, if not impossible, to link transactions to users' identities.
Thus, the potential abuse of these cryptocurrencies by individuals engaging in illicit activities, such as money laundering, fraud, tax evasion, or trade of illegal goods and services, has raised concerns.
However, this has made them a controversial asset class. Proponents argue that privacy is a human right, and private transactions have important legitimate use cases – for example, getting funding to people suffering under oppressive regimes. Opponents, on the other hand, point out that privacy coins are the medium of exchange of choice for those laundering the proceeds of illicit activities.
Privacy coins enhance the security and anonymity of transactions, offering privacy features that go beyond those of traditional cryptocurrencies like Bitcoin.
joanna;28558 wrote:oba;28557 wrote:CEXs typically provide intuitive and user-friendly platforms with advanced features, such as charting tools, order types, and customizable interfaces. This can be advantageous for users who prefer a seamless and familiar trading experience.
CEXs generally offer customer support services, allowing users to seek assistance in case of issues or inquiries. This can be valuable, especially for novice traders or individuals who prefer responsive customer support.
The choice between DEX and CEX depends on factors such as security preferences, privacy concerns, trading needs, and level of experience.
Some individuals may prioritize the decentralized nature and increased security of DEXs, while others may value the liquidity and user-friendly interfaces offered by CEXs.
joanna;28556 wrote:oba;28555 wrote:DEXs leverage blockchain technology, offering transparent transaction records that are verifiable on the blockchain. This transparency enables users to audit trade histories and ensures fair execution of trades.
CEXs generally have higher trading volumes and liquidity compared to DEXs. This can result in faster order execution and tighter spreads. Greater liquidity often attracts more traders and provides a wide range of trading pairs.
CEXs typically provide intuitive and user-friendly platforms with advanced features, such as charting tools, order types, and customizable interfaces. This can be advantageous for users who prefer a seamless and familiar trading experience.
CEXs generally offer customer support services, allowing users to seek assistance in case of issues or inquiries. This can be valuable, especially for novice traders or individuals who prefer responsive customer support.
joanna;28554 wrote:oba;28553 wrote:DEXs operate on a peer-to-peer network, which means that users retain control of their funds as they trade directly from their wallets. This reduces the risk of exchange hacks or theft of funds held by the platform.
DEXs often prioritize user privacy as they typically do not require users to complete extensive KYC (Know Your Customer) procedures. This can be advantageous for individuals who prioritize anonymity in their trades.
DEXs leverage blockchain technology, offering transparent transaction records that are verifiable on the blockchain. This transparency enables users to audit trade histories and ensures fair execution of trades.
CEXs generally have higher trading volumes and liquidity compared to DEXs. This can result in faster order execution and tighter spreads. Greater liquidity often attracts more traders and provides a wide range of trading pairs.
joanna;28552 wrote:oba;28551 wrote:Both decentralized exchanges (DEX) and centralized exchanges (CEX) have their own advantages and considerations.
The choice often depends on individual preferences and needs. Here are some points to consider when evaluating the strengths of DEX and CEX
DEXs operate on a peer-to-peer network, which means that users retain control of their funds as they trade directly from their wallets. This reduces the risk of exchange hacks or theft of funds held by the platform.
DEXs often prioritize user privacy as they typically do not require users to complete extensive KYC (Know Your Customer) procedures. This can be advantageous for individuals who prioritize anonymity in their trades.
joanna;28550 wrote:Lanistergame2;25635 wrote:Lbank exchange and coin tiger exchange are great exchanges and I have used them severally and I have never had any issues using this exchanges but crypton exchange is my favorite.
Yes, the mentioned exchanges is good CEX exchange however I still like the no KYC exchange over the exchange that will require some sort of user verification.
Both decentralized exchanges (DEX) and centralized exchanges (CEX) have their own advantages and considerations.
The choice often depends on individual preferences and needs. Here are some points to consider when evaluating the strengths of DEX and CEX
JONSNOWING;25400 wrote:full;23923 wrote:Same here. Ever since I try the service of the Crypton Exchange i don't see any reason for using LBank or CoinTiger exchange. I just hope the Utopia will add more coins to the Crypton exchange soon.
Well same here but I have tried out the lbank exchange services and I was actually impressed by it and I think I have no problem with that.
Lbank exchange and coin tiger exchange are great exchanges and I have used them severally and I have never had any issues using this exchanges but crypton exchange is my favorite.
Yes, the mentioned exchanges is good CEX exchange however I still like the no KYC exchange over the exchange that will require some sort of user verification.
joanna;28451 wrote:oba;28450 wrote:However, the country has been criticized for certain policies and regulations that could potentially infringe on privacy.
Yes. The Telecommunications (Interception and Access) Act 1979 allows Australian government agencies to access metadata of phone and internet records without a warrant.
Therefore, Australia does have a focus on privacy in certain aspects, there are concerns about privacy related to digital communication and data.
Nevertheless, it is important to note that the lack of information about a specific topic or location on the internet can depend on various factors.
joanna;28449 wrote:oba;28431 wrote:I was doing some research today and I found out that Australia is one of the countries in the world where people will hardly get much information about the country on the internet. Does this mean Australia is a privacy-focused country?
Australia has regulations in place to protect the privacy of its citizens, such as the Privacy Act 1988, which regulates how personal information is handled.
However, the country has been criticized for certain policies and regulations that could potentially infringe on privacy.
Yes. The Telecommunications (Interception and Access) Act 1979 allows Australian government agencies to access metadata of phone and internet records without a warrant.
I was doing some research today and I found out that Australia is one of the countries in the world where people will hardly get much information about the country on the internet. Does this mean Australia is a privacy-focused country?
Australia has regulations in place to protect the privacy of its citizens, such as the Privacy Act 1988, which regulates how personal information is handled.
joanna;28445 wrote:oba;28444 wrote:DEX aims to provide users with greater control over their funds and minimize risks associated with centralized exchanges.
Storing cryptocurrencies in a wallet where you control the private keys, such as a hardware wallet or a non-custodial software wallet, gives you more control and security over your funds.
By managing your private keys, you reduce the risk of losing funds in the event of a hack or exchange failure.
It's important to note that both centralized and decentralized exchanges have their own pros and cons, and the choice depends on individual preferences, trading needs, and risk tolerance.
joanna;28443 wrote:oba;28442 wrote:Centralized exchanges act as intermediaries, matching buyers and sellers. There is a risk that the exchange itself may engage in fraudulent activities, market manipulation, or insider trading. This can lead to a lack of transparency and fairness in trading.
To mitigate these risks, some people opt for alternative options such as using the DEX change latforms operate on blockchain networks and allow peer-to-peer trading without the need for a central authority.
DEX aims to provide users with greater control over their funds and minimize risks associated with centralized exchanges.
Storing cryptocurrencies in a wallet where you control the private keys, such as a hardware wallet or a non-custodial software wallet, gives you more control and security over your funds.
joanna;28441 wrote:oba;28440 wrote:Trading on a centralized exchange usually involves disclosing personal information and going through KYC/AML (Know Your Customer/Anti-Money Laundering) procedures.
This sharing of personal data may raise privacy concerns for some users who value anonymity and wish to maintain control over their personal information.
Centralized exchanges act as intermediaries, matching buyers and sellers. There is a risk that the exchange itself may engage in fraudulent activities, market manipulation, or insider trading. This can lead to a lack of transparency and fairness in trading.
To mitigate these risks, some people opt for alternative options such as using the DEX change latforms operate on blockchain networks and allow peer-to-peer trading without the need for a central authority.
joanna;28439 wrote:oba;28438 wrote:Centralized exchanges operate under various regulations and legal frameworks, subjecting users to potential legal and compliance risks.
Governments can impose restrictions or regulations on exchanges, leading to disruptions, frozen accounts, or even confiscation of funds.
Trading on a centralized exchange usually involves disclosing personal information and going through KYC/AML (Know Your Customer/Anti-Money Laundering) procedures.
This sharing of personal data may raise privacy concerns for some users who value anonymity and wish to maintain control over their personal information.
joanna;28437 wrote:oba;28436 wrote:When using a centralized exchange, you are essentially entrusting your funds to a third party. This means that you do not have direct control over your private keys, which can be risky.
If the exchange encounters technical issues, goes offline, or faces regulatory challenges, it may limit or deny your access to funds.
Centralized exchanges operate under various regulations and legal frameworks, subjecting users to potential legal and compliance risks.
Governments can impose restrictions or regulations on exchanges, leading to disruptions, frozen accounts, or even confiscation of funds.
joanna;28435 wrote:oba;28434 wrote:Centralized exchanges present a higher risk of security breaches compared to other types of wallets. If a centralized exchange experiences a security breach or a hacking attempt, there is a potential risk of losing funds.
In the past, several prominent exchanges have fallen victim to hacks, resulting in substantial financial losses for their users.
When using a centralized exchange, you are essentially entrusting your funds to a third party. This means that you do not have direct control over your private keys, which can be risky.
If the exchange encounters technical issues, goes offline, or faces regulatory challenges, it may limit or deny your access to funds.