Topic: Exchanges or platforms with too good offers. Be careful (Read 256 times)
The crypto market really shake on the deal of FTX transaction that make the recent market dip has not been recover for over a week now, still on the bear market time zone, which really dept with people that trades on daily bases and even get liquidated on future exchange trading platform.
just like you, I am attracted to using FTX because they cover part of the fees for erc20 transactions and it really helps me. Moreover, they also have very low btc withdrawal fees.
It is their attractive hook to retailed users but when they go bankruptcy, they will make compensation partially for top investors, biggest users first. It's not fair and people should know that.One more thing I did not like FTX months ago, is their Wash trading that is not a signal of a good and top exchange. When I experienced it, I did neither trade nor store big capital on FTX, honestly. Fortunately, it is how I avoided this bloody collapse.
Although some of them is not quite bad after all since they really deliver, but its just we should always put our minds that however trusted they are and how big the platform it is chances that FTX scandal may still happen on one of them. So better listen to people telling that don't save your money on exchange/platforms to avoid losing it better to save our funds on our hardware wallets to be more secured.
We can enjoy good offers from big exchanges, not from new ones. First, new exchanges can give you very high bonus, very attractive offers but we don't know will they disappear after a few weeks or months of operation. Second, about big exchanges, such as FTX, no guarantee for future. So take risk, take opportunities, enjoy it and exit as soon as possible.new investors will certainly be attracted by the big prize offers. instead of getting a lot of benefits, but in the end you have to let the assets just disappear.
Even plebs can do the same mistakes like newbies. Because human instinct is unchanged and majority of the crowd can not control their greed and bad human instinct. 
What is too good is rarely true because it is not workable in the long run so we should not put our hard-earned money in such offers of exchanges or any other investment platforms. Such offers come up with huge reward to play with greed emotions of investors and steal their hard earned money.The reward offers are huge & unrealistic and in most of cases not based on any good business plan which is workable. Better to stay away from such offers and invest in schemes which are backed by well reputed firms and offer realistic returns.
new investors will certainly be attracted by the big prize offers. instead of getting a lot of benefits, but in the end you have to let the assets just disappear. Examples of cases such as the current FTX, provide very cheap fees but in reality they manipulate and misappropriate investors' money as they like. When the exchange is too good, of course you are worried that it will disappear and disappear, but when the exchange is too tight and the fees are expensive, you are also afraid that the funds will be stuck inside. So now investors are starting to be afraid to put their money in exchange with large amounts. 
It's not just a lesson but a huge one to take heed of next time because now we know that such a thing really exists and we all thought these kinds of exchanges are just for preventive measures only I mean a "What If" scenario but we know now that they are actually real and I think the most trend right now is the hard wallet which will gonna be used for storing crypto assets. After what happened with those giant exchanges, people will gonna be extra careful when it comes to storing their cryptos and they will gonna avoid exchanges for long-term holding after what they have witnessed.
Before it was like, we're getting reminders to avoid most of the new exchanges. These days, there's no longer any exception about being careful to these platforms and it should be for all of them, new or old.
I think that the glory days of DEXes will be back and more people are going to trade there instead while going off into a centralized platform where FTX is one of them.
I think that the glory days of DEXes will be back and more people are going to trade there instead while going off into a centralized platform where FTX is one of them.
What is too good is rarely true because it is not workable in the long run so we should not put our hard-earned money in such offers of exchanges or any other investment platforms. Such offers come up with huge reward to play with greed emotions of investors and steal their hard earned money.The reward offers are huge & unrealistic and in most of cases not based on any good business plan which is workable. Better to stay away from such offers and invest in schemes which are backed by well reputed firms and offer realistic returns.
Good offers will be there and there are many reputable platform offer this to make people be attracted to use their services. Although some of them is not quite bad after all since they really deliver, but its just we should always put our minds that however trusted they are and how big the platform it is chances that FTX scandal may still happen on one of them. So better listen to people telling that don't save your money on exchange/platforms to avoid losing it better to save our funds on our hardware wallets to be more secured.
Previously, I used bisq several times, but because I was tempted by the low FTX fee, I moved there. I should have realized that it is not good to keep funds in CEX for too long
Different users have different reasons for forfeiting their privacy and autonomy to a third-party. Could be low fees, faster transactions, convenient exchanges etcetera, but as I mentioned earlier and which many users have found out, the risk is greater when compared to these perceived positives.You would not give coneone your wallet to hold, regardless how reputable they look or the promises they make, so why would you allow third parties control your funds and allow you use it at their discretion?
Unfortunately, most people would forget about the incident in a few days to weeks and all the warnings to avoid CEX would not be a trending topic anymore.
I think you should one more.
It is in the queue and can scam at anytime. We are looking too much FUD in crypto.com exchange. It can be the next FTX exchange. So don't save your assets in exchages just take them out as soon as possible.
As you can see an example here.
Source: Twitter
It is in the queue and can scam at anytime. We are looking too much FUD in crypto.com exchange. It can be the next FTX exchange. So don't save your assets in exchages just take them out as soon as possible.
As you can see an example here.
Source: Twitter
just like you, I am attracted to using FTX because they cover part of the fees for erc20 transactions and it really helps me. Moreover, they also have very low btc withdrawal fees.
The perceived benefits and convenience are outweighed by the risks of using a CEX, and it doesn't have to be a bad experience that would make you realize that you shouldn't keep your funds on a centralized exchange, it's a common advice here and on some other crypto platforms.Do research for some DEXes or P2P platforms which can serve as a medium of exchange without the risk of losing your privacy or your funds.
Previously, I used bisq several times, but because I was tempted by the low FTX fee, I moved there. I should have realized that it is not good to keep funds in CEX for too long, they use the liquidized users' money there for their other business development. this issue makes theymos provide a very good announcement, this is a valuable lesson for all of us.
Reminder: do not keep your money in online accounts
Before it was like, we're getting reminders to avoid most of the new exchanges. These days, there's no longer any exception about being careful to these platforms and it should be for all of them, new or old.
I think that the glory days of DEXes will be back and more people are going to trade there instead while going off into a centralized platform where FTX is one of them.
I think that the glory days of DEXes will be back and more people are going to trade there instead while going off into a centralized platform where FTX is one of them.
just like you, I am attracted to using FTX because they cover part of the fees for erc20 transactions and it really helps me. Moreover, they also have very low btc withdrawal fees.
The perceived benefits and convenience are outweighed by the risks of using a CEX, and it doesn't have to be a bad experience that would make you realize that you shouldn't keep your funds on a centralized exchange, it's a common advice here and on some other crypto platforms.Do research for some DEXes or P2P platforms which can serve as a medium of exchange without the risk of losing your privacy or your funds.
just like you, I am attracted to using FTX because they cover part of the fees for erc20 transactions and it really helps me. Moreover, they also have very low btc withdrawal fees.
but FTX's collapse make me can not withdrawing my assets to this day, I also can't open FTX on my iPhone. I thank to this bad experience, it taught me not to keep assets in a CEX for long time.
Previously I also invested several times in defi tokens which offer tantalizing ROI, in fact, now that defi tokens are just shittoken, what an amazing experience.
but FTX's collapse make me can not withdrawing my assets to this day, I also can't open FTX on my iPhone. I thank to this bad experience, it taught me not to keep assets in a CEX for long time.
Previously I also invested several times in defi tokens which offer tantalizing ROI, in fact, now that defi tokens are just shittoken, what an amazing experience.
Once again I don't want to put my hopes again on the platform even though they have offered an interesting one for me, now I don't want to be seduced by the platform anymore and it's true in the saying it's too good to be true.
The issue now is Crypto.com and Gate.io being fried news they have lack of liquidity what I know in the media, although this is not necessarily the truth I will remain vigilant about this.
The issue now is Crypto.com and Gate.io being fried news they have lack of liquidity what I know in the media, although this is not necessarily the truth I will remain vigilant about this.
crypto.com got the funds back thanks to gate. but i'm still wondering why they would send ETH to gate. i don't think its a mistake like they said. pretty sure they also wanted to dump ETH.
There have been many issues whether this will be a longer agony about the linked exchange?
https://twitter.com/MarioNawfal/status/1591853036208803840
FTX which has been built for 3 years disappeared overnight which proves that crypto is boomeranging for those who are inconsistent and play tricks on their users.
Is the result people get for trying to gain everything out of nothing.Like, some investors aren't ready to lose anything, wants to have there jobs and fees paid for them and then, they just work alway with everything. Of course they are going to get stinged.
The increased fee rate on conducting ICOs and IEOs on the bitcoin blockchain, drived the focus on the ETH blockchain and we had projects pulling in, pushing its fee rate higher and then, we have other chains promising blocs and protocols coming up and still do, the you have a project, function on an expensive blockchain, promises to wipe up your fees and pay returns on qhat what deposited with them and you don't get scared, such investor deserves to lose that money and learn some lessons off it. A costly one at that!
From a newbies perspective 8% per year or even 20% per year sounds even conservative when compared to shitcoin projects that promise those returns per month or even per week. These exchanges are preying on retail investors who can't tell a reasonable investment opportunity from a "too good to be true" offer. No matter how many times you tell people to do their own research, there will be millions who will still become victims of these scams, even despite being aware that such scams exist.
Juicy offers platforms are mostly for those with short cuts mindset to making huge profits overnight. Which they eventually loss even the little they had. From experience I'll say, it's only greed and lack of interest to discipline oneself to knowledge of that which is legit way of investing to make profits that leads many people fall victim of juicy profit promising platforms that only end up crashing with their money.
whether you have to have which exchange platform at this time, because this FTX incident is a strong warning that your assets are not your assets if they are still on the exchange. too good an offer at this time would be highly suspect. Investors are starting to be wary because their money can disappear overnight
NYKNYC, this should be suggested more often than not. Learn the lesson and stay safe with your keys.At first it is difficult to identify what is the purpose behind all the tempting offers as some of them have good support and are trusted by many. Yet the case of FTX has been one of the reasons why we have come to the conclusion that anything that looks mighty today will most likely collapse after the troubles that befell it.
Nothing is ever really safe in crypto, but by being concerned with good security practices users will be able to minimize their losses. Don't put your funds on the exchange, and now echo this. Don't keep your funds on the exchange, and now consider this [Withdraw Your Money From The Exchange].
FTX which has been built for 3 years disappeared overnight which proves that crypto is boomeranging for those who are inconsistent and play tricks on their users. This is a warning to other exchange platforms. Offers that seem very profitable and provide convenience for users turn out to have other purposes behind them. FTX is a vivid example of how ruthless they are today and has cost investors a lot. Binance who was originally going to help meaah canceled it and released FTX without any help.
whether you have to have which exchange platform at this time, because this FTX incident is a strong warning that your assets are not your assets if they are still on the exchange. too good an offer at this time would be highly suspect. Investors are starting to be wary because their money can disappear overnight
whether you have to have which exchange platform at this time, because this FTX incident is a strong warning that your assets are not your assets if they are still on the exchange. too good an offer at this time would be highly suspect. Investors are starting to be wary because their money can disappear overnight
We all understand that after what happened with FTX, it has become my realization that any platform with any offer that is given is not necessarily entirely good because there have been so many terrible failures that will have an impact on us if a platform falls and collapses again.
I honestly didn't think that such a large FTX exchange in the world had to fall overnight without any prior notice this even contributed to CZ's suspicions which ended up being a bad day for SAM.
Once again I don't want to put my hopes again on the platform even though they have offered an interesting one for me, now I don't want to be seduced by the platform anymore and it's true in the saying it's too good to be true.
The issue now is Crypto.com and Gate.io being fried news they have lack of liquidity what I know in the media, although this is not necessarily the truth I will remain vigilant about this.
I honestly didn't think that such a large FTX exchange in the world had to fall overnight without any prior notice this even contributed to CZ's suspicions which ended up being a bad day for SAM.
Once again I don't want to put my hopes again on the platform even though they have offered an interesting one for me, now I don't want to be seduced by the platform anymore and it's true in the saying it's too good to be true.
The issue now is Crypto.com and Gate.io being fried news they have lack of liquidity what I know in the media, although this is not necessarily the truth I will remain vigilant about this.
crypto.com got the funds back thanks to gate. but i'm still wondering why they would send ETH to gate. i don't think its a mistake like they said. pretty sure they also wanted to dump ETH.
20% rate from LUNA is overly too good to be true. the 6% of some platforms that i also tried joining is also too good to be true but because project was running still since 2017, its a dex and tokens are not sent to them i'm comfortable my coins will still be mine. still i'm not sure what they do.
We all understand that after what happened with FTX, it has become my realization that any platform with any offer that is given is not necessarily entirely good because there have been so many terrible failures that will have an impact on us if a platform falls and collapses again.
I honestly didn't think that such a large FTX exchange in the world had to fall overnight without any prior notice this even contributed to CZ's suspicions which ended up being a bad day for SAM.
Once again I don't want to put my hopes again on the platform even though they have offered an interesting one for me, now I don't want to be seduced by the platform anymore and it's true in the saying it's too good to be true.
The issue now is Crypto.com and Gate.io being fried news they have lack of liquidity what I know in the media, although this is not necessarily the truth I will remain vigilant about this.
I honestly didn't think that such a large FTX exchange in the world had to fall overnight without any prior notice this even contributed to CZ's suspicions which ended up being a bad day for SAM.
Once again I don't want to put my hopes again on the platform even though they have offered an interesting one for me, now I don't want to be seduced by the platform anymore and it's true in the saying it's too good to be true.
The issue now is Crypto.com and Gate.io being fried news they have lack of liquidity what I know in the media, although this is not necessarily the truth I will remain vigilant about this.
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