Topic: Crypto Exchange tokens or Crypto Wallet Tokens?? (Read 264 times)
Ill prefer crypto exchange tokens to crypto wallet tokens and the reason is because of the usage. These exchanges are being used on a daily basis at least the most profound changes like Binance, Kucoin, BKX, and MEXC to mention a few. And any coin or token that is being used every day is gaining importance and value. That is why such coins or tokens cannot be devalued in the future. The most interesting part is that whenever there is a bull run coming their value always increases.
I will always go for crypto exchange tokens because they have the ability to do very well in the market compared to many of the wallet token. I know Trust Wallet has there own tokens and you can't compared it to the exchange tokens like BNB and others that could skyrocket at anytime because the team has the fund to project the token to a new high which could make investors to make huge profits from their holdings.
I think both tokens could be best, depends on their platform's popularity, reputation and the strength of their community & team and so on. But most of the time exchange tokens will be the winner. if You have a look at popular exchange like binance kucoin okx exchanges, undoubtedly their native token Bnb, KCS, okb will be expensive than wallet tokens. But low quality exchange tokens are low in their price when trust wallet twt token or others wallet tokens are more expensive than these shit exchange tokens. Thus it works.
I think you are missing out something really important, which is how these top exchanges native tokens started. I remembered start buying BNB at 0.3 up on until it hits 2 usdt. In the nutshell, it would be unfair to relegate the effort of a growing exchange by the price performance of their native tokens compared to the established ones. Besides stats have shown that BGB is among the top performing exchange tokens and I expect BWB to follow suit if the team will not sleep on it. 
I think both tokens could be best, depends on their platform's popularity, reputation and the strength of their community & team and so on. But most of the time exchange tokens will be the winner. if You have a look at popular exchange like binance kucoin okx exchanges, undoubtedly their native token Bnb, KCS, okb will be expensive than wallet tokens. But low quality exchange tokens are low in their price when trust wallet twt token or others wallet tokens are more expensive than these shit exchange tokens. Thus it works.
Exchange tokens over wallet tokens any day! My fellow forum member TastyChillySauce00 has already mentioned the benefits of holding an exchange tokens. They are well established in the market and backed by a value generating business. So the chances of price increase is much higher in an exchange token.
Wallet tokens can become a good alternative though. I am not against it. At least a wallet tokens is obviously better than a memecoin.
Wallet tokens can become a good alternative though. I am not against it. At least a wallet tokens is obviously better than a memecoin.
I also consider a token's utility before investing. One with multiple utilities is my go to. From my research, I found that BWB will be used as the governance token for the wallet, can be staked for more yields and paying gas fees across multiple chains with the future release of the Account Abstraction (AA) wallet among other utilities. I think having both BGB & BWB is a plus. I am considering staking BGB in the launchpad to acquire some BWB
There are two types of crypto wallet and exchanges. In crypto wallet, they are called as custodial which has the equivalent of a centralized exchange, and the other is non-custodial, which has the equivalent of a decentralized exchange. Both crypto wallets and exchanges has their own use, so we can't just say that one is better. It only boils down to their authenticity and quality.
There are some crypto wallets too who also has an exchange function. I see that BWB is also from Bitget and I think this exchange can be trusted, so I won't hesitate to invest on it as well apart from the existing BGB tokens, but only if I have the money to spare.
There are some crypto wallets too who also has an exchange function. I see that BWB is also from Bitget and I think this exchange can be trusted, so I won't hesitate to invest on it as well apart from the existing BGB tokens, but only if I have the money to spare.
Crypto exchange tokens will consistently lead the race due to their diverse use cases, including transaction fee discounts, staking, governance, initial exchange offerings, and collateral. These features offer much more than what cryptocurrency wallet tokens can provide
what crypto wallet token offer is just a wallet, literally it, also most of those wallet are free and even if they're not they not gonna get used when there are many free alternative that is just better.funny thing is that, i see this act by bitget as rather petty, you know creating exchange token and wallet token, why not just create one and put all the feature into one maybe it can compete with BNB but no.
they try to make two token for whatever reason, probably due to different division in their company which I could understand but it just come out as a completely unnecessary.
as far as I know binance the same popular exchange also having wallet and OKX if i remember correctly also don't plan releasing a wallet token and that has proven to be wise move for them no need to make completely unnecessary token.
but its good for the user of the wallet at least they got some free money which at the end of the day advisable to convert to BGB for the sake of using the additional feature that BGB offer more.
but thats just my opinion, i might lack knowledge about the wallet token they tried to release after all.
really though the crypto space never lacks money to fund these tokens.
Crypto exchange tokens will consistently lead the race due to their diverse use cases, including transaction fee discounts, staking, governance, initial exchange offerings, and collateral. These features offer much more than what cryptocurrency wallet tokens can provide
There is no doubt that exchange tokens offer wide range of benefits from discounts in transactions fees to staking facility to earn passive income which can be attractive during the low interest rate environment. The exchange in a way are also contributing to the broader adoption of cryptocurrencies by offering various goods and services in exchange of their native tokens.
Crypto exchange tokens will consistently lead the race due to their diverse use cases, including transaction fee discounts, staking, governance, initial exchange offerings, and collateral. These features offer much more than what cryptocurrency wallet tokens can provide
Crypto exchange token are already established in the market. Investing in them and accumulating more will be wise decision than going after a new wallet token. Atomic wallet has a token AWC, you can check its overall performance in the market and then you can compare it with some of the exchange tokens to come to a conclusion. Atomic wallet's security got compromised that means the risk of hack is still present with wallets.
Although the exchange's official tokens are already stable, not all coins are stable. which are already many reputable exchange platforms like Binance, kucoin, uniswap, pancake etc...The tokens of these exchanges have a lot of value and a lot of investors for them. For this these tokens are in a good position in the market. However, the tokens of those exchanges which have not yet gained a large reputation have not yet gained much popularity. and some of the wallet tokens have created a lot of hype in the wallet token market like TWT. so not all coins can be invested. only potential coins should be selected to invest by enough potential research. 
exchange token is somewhat like being manipulated. if it's still alive in the memory of the crypto traders, FTT went down from $73 to less than $1. so if an exchange like Bitget suddenly just comes out of nowhere and then adds lots of coins, it wouldn't be crazy to believe this is something the same as FTX.
and then the coming regulation/bill that crypto wallets going to be asking for KYC, it might just be a warning to you before considering to use the wallet.
this makes me think of just using the one exchange where i have submitted my data.
and fortunately im not in europe but still i hope those regulator drop that ridiculous bill
Both Crypto Exchange tokens and Crypto wallet tokens can create huge hype in the market because in this case Crypto wallet token provides a wallet backup as well as exchange backup. bitgret wallet token, TWT token, etc. Moreover, Crypto exchange token has become more popular than wallet token nowadays. Binance exchange's native token BNB, Kucoin exchange's KCS, gateio exchange's GT etc. are very popular.
Certainly I would go for crypto exchange tokens, because there are lots of benefits to it than the wallet tokens, I have this wallet token called CROs but the tx fee is too much to the extent that I have to just keep holding even when I feel the need to withdraw or swap to other tokens because it's a wallet token I can't send to any wallet addresses that doesn't follow their address standards which is cro*****, here with this my situation you can see a clear side issue you can face while holding a wallet token.
but for exchange tokens they're easily withdrawn, and tx fees are relatively low compared to wallet tokens held in the same wallet. so I would suggest crypto exchange tokens. just as I said you should opt for the BGB if you're convinced of investing in that token.
but for exchange tokens they're easily withdrawn, and tx fees are relatively low compared to wallet tokens held in the same wallet. so I would suggest crypto exchange tokens. just as I said you should opt for the BGB if you're convinced of investing in that token.
I would be glad to read your opinion on these.
Both exchange native tokens and crypto wallets native coins are the same in my opinion, they are all marketing them based on how the exchange or the wallet get popularity but I think exchange native coins will give more profit than wallet’s native coins because exchanges are been used by everyone while wallets are for people who care about their privacy.BNB, KCS, MX, and others are all doing well because they are native coins of reputable exchanges, they can do more than 5x if bitcoin price move as expected on some months to come because some or most of them are below their all time high.
I will advice you to chose exchanges native coin than crypto wallet’s coins.
I have invested in crypto exchange tokens and one of them is BNB, the others, I won't mention because they're not good at all. The factor that I consider in investing on them is the actual business and the volume that it is getting wholly. With crypto wallet tokens, some may be good but I don't see them as an actual good long term good. While there is the use case for it and there can be incentives upon holding them, but it's not just my type.
It depends on what you use the most or in general overview on what people use the most. Wallet token like trustwallet doesn’t offer much benefits as regular user since the transaction fee is still on the native token of the blockchain you are using. They are just good for projects that want to list their token on the wallet.
That’s why I preferred exchange token for investment rather than wallet token since it offers vast benefits especially on fees which frequently being use by every traders.
Do what works for you. I would prefer to stick with crypto exchange tokens and not crypto wallet tokens because I've come to realized about the unplanned seasons of the market. Crypto exchange tokens are straight and they've promising future backup by the exchange. We will look Binance Native Token. BNB have always been in the picture for everyone to acknowledge because the exchange keeps making crucial moves that will bring advantageous path for the token. That’s why I preferred exchange token for investment rather than wallet token since it offers vast benefits especially on fees which frequently being use by every traders.
Choosing the best cryptocurrency to buy often requires a comprehensive approach, considering factors like market cap, liquidity, fundamentals, community, ecosystem growth, etc. I just got into a fix trying to figure out the smartest pick for my portfolio whether to go with an exchange token or a crypto wallet native token.
I know in theory, a crypto wallet is often considered better than an exchange in terms of security because it gives one complete control over their private keys and funds while exchanges are more convenient for trading. However, they offer greater risk because they control one's keys when their assets are on the platform.
Following the recent BWB Airdrop, and the anticipated launchpad on Bitget which is the platform's first launchpad of 2024, would you consider investing in the wallet token or opt for BGB, the exchange token itself which is becoming more established?
See details: https://cryptopotato.com/bitget-wallet-token-bwb-makes-debut-on-the-bitget-launchpad/
I would be glad to read your opinion on these.
I think that investing in these kinds of platforms is not that much beneficial then investing into another alternatives.I know in theory, a crypto wallet is often considered better than an exchange in terms of security because it gives one complete control over their private keys and funds while exchanges are more convenient for trading. However, they offer greater risk because they control one's keys when their assets are on the platform.
Following the recent BWB Airdrop, and the anticipated launchpad on Bitget which is the platform's first launchpad of 2024, would you consider investing in the wallet token or opt for BGB, the exchange token itself which is becoming more established?
See details: https://cryptopotato.com/bitget-wallet-token-bwb-makes-debut-on-the-bitget-launchpad/
I would be glad to read your opinion on these.
The main reason behind that is the most of the features that can be offered using are already being done by different exchanges and it has become very difficult to add some value to the existing ones. Even if you do some value addition people are not ready to shift from their comfort zone. So until and unless you find a very big break through I'll advise to stay out.
It depends on what you use the most or in general overview on what people use the most. Wallet token like trustwallet doesn’t offer much benefits as regular user since the transaction fee is still on the native token of the blockchain you are using. They are just good for projects that want to list their token on the wallet.
That’s why I preferred exchange token for investment rather than wallet token since it offers vast benefits especially on fees which frequently being use by every traders.
That’s why I preferred exchange token for investment rather than wallet token since it offers vast benefits especially on fees which frequently being use by every traders.
exchange token is somewhat like being manipulated. if it's still alive in the memory of the crypto traders, FTT went down from $73 to less than $1. so if an exchange like Bitget suddenly just comes out of nowhere and then adds lots of coins, it wouldn't be crazy to believe this is something the same as FTX.
and then the coming regulation/bill that crypto wallets going to be asking for KYC, it might just be a warning to you before considering to use the wallet.
this makes me think of just using the one exchange where i have submitted my data.
I think it might be wise to stick with reputable exchange where we have already completed our KYC, such as, where Binance funds of investors are protected by insurance cover. In contrast, if the smart contract of the platform is compromised where we invested our funds or due to hacking of our wallets we can be fully deprived off from our hard earned money within no time and unfortunately there is no way to recover lost funds. Therefore, in my opinion holding funds in personnel wallets carries significant risk.
I don’t think it matters because you could still end up investing in one that is unsuccessful while the one you thought wouldn’t be better rather excels. However, exchange tokens usually have more use cases, especially if it’s a CEX. The fact that they try as much to integrate the token into their platform in a way that the platform is dependent on the token. But in the end, it doesn’t really matter, any would work, as long as they are on course.
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