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One of the primary aims of a decentralized exchange is to complete the transaction more quickly and cost-effective as compared to the centralized exchanges. They achieve this by removing the intermediaries that charge a cut in the form of transaction fees on the centralized exchanges.
Decentralized exchanges are not particularly faster than centralized ones, centralized exchanges can link a trading pair pretty quickly and complete a buy order, decentralized exchanges depend on how quickly the buyer and seller can complete an order.
The main aim of decentralized exchanges is to remove the need for a middle man.
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Camavinga;11133 wrote:One of the primary aims of a decentralized exchange is to complete the transaction more quickly and cost-effective as compared to the centralized exchanges. They achieve this by removing the intermediaries that charge a cut in the form of transaction fees on the centralized exchanges.
Decentralized exchanges are not particularly faster than centralized ones, centralized exchanges can link a trading pair pretty quickly and complete a buy order, decentralized exchanges depend on how quickly the buyer and seller can complete an order.
The main aim of decentralized exchanges is to remove the need for a middle man.
Decentralized exchange and centralized exchange has nothing to do with speed of transaction, they are almost very much alike in their activities the major difference between them both is that one protects your privacy the other doesn't.
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Decentralized exchange and centralized exchange has nothing to do with speed of transaction, they are almost very much alike in their activities the major difference between them both is that one protects your privacy the other doesn't.
They are not alike at all in their operations. Decentralized exchanges are non custodial and centralized ones are custodial, this means that how you deposit and withdraw on the platforms vary.
You just need to find out how the different wallets work and pick one that suits your needs.
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Lanistergame2;11342 wrote:Camavinga;11133 wrote:One of the primary aims of a decentralized exchange is to complete the transaction more quickly and cost-effective as compared to the centralized exchanges. They achieve this by removing the intermediaries that charge a cut in the form of transaction fees on the centralized exchanges.
Decentralized exchanges are not particularly faster than centralized ones, centralized exchanges can link a trading pair pretty quickly and complete a buy order, decentralized exchanges depend on how quickly the buyer and seller can complete an order.
The main aim of decentralized exchanges is to remove the need for a middle man.
Decentralized exchange and centralized exchange has nothing to do with speed of transaction, they are almost very much alike in their activities the major difference between them both is that one protects your privacy the other doesn't.
I had it in mind that Decentralized exchanges might be most preferred due to maybe a low exchange rate it has over the Centralized exchange. The government not been in an intermediary in Decentralized exchange, privacy is a good reason for such preference
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I had it in mind that Decentralized exchanges might be most preferred due to maybe a low exchange rate it has over the Centralized exchange.
This heavily depends on the particular exchanges.
On one hand we have centralized exchanges with cheap fees and those with higher ones. On the other hand we have decentralized exchanges wit cheap and expensive fees.
You just need to find an exchange which is tailored to you and your needs. I prefer staying private, so I would go for an exchange that offers me that.
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Decentralized exchange and centralized exchange has nothing to do with speed of transaction, they are almost very much alike in their activities the major difference between them both is that one protects your privacy the other doesn't.
Privacy is only one of the differences between decentralized exchanges and centralized ones. There is the factor of control where centralized exchanges hold your funds and you do not have the private keys to assets you own, they can choose to freeze or lock up your coins at any time based on their discretion. Decentralized exchanges do not hold your keys and cannot tamper with your coins at any time.
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CrytoCynthia;11350 wrote:Decentralized exchange and centralized exchange has nothing to do with speed of transaction, they are almost very much alike in their activities the major difference between them both is that one protects your privacy the other doesn't.
Privacy is only one of the differences between decentralized exchanges and centralized ones. There is the factor of control where centralized exchanges hold your funds and you do not have the private keys to assets you own, they can choose to freeze or lock up your coins at any time based on their discretion. Decentralized exchanges do not hold your keys and cannot tamper with your coins at any time.
Most basically the govt policy serve as one of the crucial factors of centralised exchanged. Where by there might be week days restrictions, holiday restrictions, server restrictions and more. Decentralized is free to use anyday at anytime.
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One way to consider decentralized platforms in regulations is to create separate provisions that are more flexible for the emerging technology.
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Many investors are nonetheless attracted to the potential upside of investing in crypto. If you decide to invest, it's important to carefully research any digital coin before buying it. Pay attention to transaction fees when making crypto purchases because these fees can vary widely among currencies.
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Is there a possibility for a long time investor of Cryptocurrency to invest in a coin without proper underground research regarding the best coin, exchange and their exchange rates. It’s mostly newbies to Crypto investments that jump into investment neglecting the primary researches they should do
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It’s mostly newbies to Crypto investments that jump into investment neglecting the primary researches they should do
Jumping into investments is a rookie mistake mostly made by newbies. Experienced investors can make wrong permutations when choosing a coin and lose out, but they make efforts to minimize losses. Newbies do not even know what to look for and easily get carried away by a catchy whitepaper or roadmap.
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JONSNOWING;11499 wrote:It’s mostly newbies to Crypto investments that jump into investment neglecting the primary researches they should do
Jumping into investments is a rookie mistake mostly made by newbies. Experienced investors can make wrong permutations when choosing a coin and lose out, but they make efforts to minimize losses. Newbies do not even know what to look for and easily get carried away by a catchy whitepaper or roadmap.
Well as a rookie it's not bad to make some few mistakes here and there but what is not acceptable is to keep on making the same mistakes over and over again.
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PEACEMAKER;11541 wrote:JONSNOWING;11499 wrote:It’s mostly newbies to Crypto investments that jump into investment neglecting the primary researches they should do
Jumping into investments is a rookie mistake mostly made by newbies. Experienced investors can make wrong permutations when choosing a coin and lose out, but they make efforts to minimize losses. Newbies do not even know what to look for and easily get carried away by a catchy whitepaper or roadmap.
Well as a rookie it's not bad to make some few mistakes here and there but what is not acceptable is to keep on making the same mistakes over and over again.
Many rookie gets the wrong information about Crypto-currency from who ever introduced them into cryptocurrency in the first place so I think this is their first mistake.
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CrytoCynthia;11551 wrote:PEACEMAKER;11541 wrote:Jumping into investments is a rookie mistake mostly made by newbies. Experienced investors can make wrong permutations when choosing a coin and lose out, but they make efforts to minimize losses. Newbies do not even know what to look for and easily get carried away by a catchy whitepaper or roadmap.
Well as a rookie it's not bad to make some few mistakes here and there but what is not acceptable is to keep on making the same mistakes over and over again.
Many rookie gets the wrong information about Crypto-currency from who ever introduced them into cryptocurrency in the first place so I think this is their first mistake.
Lacking some basic information about something can actually affect alot .
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All the previous replies are correct. Newbies should do their research properly before joining any exchange or buying any coin they wish to buy to avoid losses.
They should also endeavor to verify any news or information given to them regardless of who or how it was presented to them because sometimes people tend to make it so catchy or sweet without being of any benefit to them.
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All the previous replies are correct. Newbies should do their research properly before joining any exchange or buying any coin they wish to buy to avoid losses.
They should also endeavor to verify any news or information given to them regardless of who or how it was presented to them because sometimes people tend to make it so catchy or sweet without being of any benefit to them.
A thorough studying system should be considered to ensure an accurate knowledge
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By utilizing encryption technology, cryptocurrencies can serve as both a currency and an accounting system. The use of encryption technologies means that cryptocurrencies function both as a currency and as a virtual accounting system.
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By utilizing encryption technology, cryptocurrencies can serve as both a currency and an accounting system. The use of encryption technologies means that cryptocurrencies function both as a currency and as a virtual accounting system.
How do you mean a virtual accounting system? Crypto already has encryption technology which helps protect your wallets and the blockchain, how can we utilize this to form an accounting system and how is crypto not already a financial system?
I already view utopia as a private, decentralized accounting system.
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Investing in cryptocurrency futures offers more opportunities and potential to grow a portfolio. Simply put, the leverage available in futures trades can easily enhance a portfolio multi-fold within a single trade.
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Investing in cryptocurrency futures offers more opportunities and potential to grow a portfolio. Simply put, the leverage available in futures trades can easily enhance a portfolio multi-fold within a single trade.
What do you mean mate, investing in futures is a big risk, and a gamble, investing in cryptocurrency like Bitcoin, CRP is a risk yes but they are lesser risk than futures.
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Investing in cryptocurrency futures offers more opportunities and potential to grow a portfolio. Simply put, the leverage available in futures trades can easily enhance a portfolio multi-fold within a single trade.
Leverage is a risky thing to play with cause while it can enhance a portfolio it can also wreck your holdings within a short period of time if the market goes against you.
It is a form of trading and anyone who does not have the needed technical skill should not engage in it, just buy and hold.
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<div class="quotebox"><cite>Camavinga;11719 wrote:</cite><blockquote><div><p>Investing in cryptocurrency futures offers more opportunities and potential to grow a portfolio. Simply put, the leverage available in futures trades can easily enhance a portfolio multi-fold within a single trade.</p></div></blockquote></div><p>Leverage is a risky thing to play with cause while it can enhance a portfolio it can also wreck your holdings within a short period of time if the market goes against you.</p><p>It is a form of trading and anyone who does not have the needed technical skill should not engage in it, just buy and hold.</p>
This is the risk you take with leverage trading. Without thorough research and a proper risk management plan, you could lose the entire margin amount in minutes. So, how do you manage risks?
One way to go about it is to set a stop loss. It might seem unimportant, but it is great at eliminating liquidation risk. it puts a hard cap on the amount you can lose. This allows you to enjoy the benefits of leverage and manage risk.
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There was a time binance went on a rampage and where freezing the asset of people especially in third world countries without a very tangible reason, this are the reasons why leaving your funds in an exchange is very risky.
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There was a time binance went on a rampage and where freezing the asset of people especially in third world countries without a very tangible reason, this are the reasons why leaving your funds in an exchange is very risky.
That was a high level panic on the users. Its take alot of fund and its won't be good if someone falls a victim of that, so kindly learn.
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KingCRP;11752 wrote:There was a time binance went on a rampage and where freezing the asset of people especially in third world countries without a very tangible reason, this are the reasons why leaving your funds in an exchange is very risky.
That was a high level panic on the users. Its take alot of fund and its won't be good if someone falls a victim of that, so kindly learn.
Leaving your coin on crypton exchange is a risk and also playing in the hands of crypto recovery teams is as well a risk and not partaking in the ongoing airdrops it also a risk.
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