Looking forward to add exchange tokens to my portfolio

judaspriest

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C O M B O

Quote from: SafuBTC on July 25, 2022, 02:41:56 AM

What is the best exchange investment for a newbie? I am looking for an exchange either CEX or DEX token that's good for long term hold, I can only find BITGET and DODO, which one would you advice to go for?.. Already had BNB so no need to talk about BNB.

you've done the right thing, because you already hold BNB, one of the best exchange coins is BNB so far,
but for Bitget and DODO of course it's still very risky, because they are low cap, it's better to hold LEO from Bitfinex and FTT from FTX.

tvplus006

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To the Moon

Quote from: SafuBTC on July 25, 2022, 02:41:56 AM

What is the best exchange investment for a newbie? I am looking for an exchange either CEX or DEX token that's good for long term hold, I can only find BITGET and DODO, which one would you advice to go for?.. Already had BNB so no need to talk about BNB.

Right now there is a public round of sale of the WhiteBIT token (WBT) exchange coin and there is an opportunity to buy it at the price of the public round of 1 WBT = 1.9 USDT. The public sale round will be held until August 31, the minimum amount for purchase is 25 WBT, the maximum is 300.
Before Buying, Do Your Own Research (DYOR).

Humility4sure

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Quote from: SafuBTC on July 25, 2022, 02:41:56 AM

What is the best exchange investment for a newbie? I am looking for an exchange either CEX or DEX token that's good for long term hold, I can only find BITGET and DODO, which one would you advice to go for?.. Already had BNB so no need to talk about BNB.

Since you already have bnb, why not include KCS that is kucoin shares, the exchange token for kucoin. You can also consider other exchange token like coinsbit, coinex, and Digifinex. These exchanges are not as popular as binance, but have great potentials for future increase in value.

montaga

sr. member

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Freedom, Natural Law

Exchanges in some bother, seems no day passes without legal issues
https://cryptonews.net/news/market/10140735/

Uruguay central bank summons Binance over ‘crypto savings products
https://news.bitcoin.com/central-bank-of-uruguay-summons-to-binance-due-to-its-savings-focused-cryptocurrency-products/

Maybe Billions are small change for exchanges
https://crypto-world.digital/what-does-the-bsv-investors-lawsuit-mean-for-bitcoin-and-digital-currencies-in-the-uk/

SparrowOnTheMoon

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I would take a closer look at bybit's Bit token. Lately, bybit has been delighting with its launchpads and gifts for holders of this token. Also seems to me that bybit has good prospects.

Bobrox

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Quote from: tvplus006 on August 08, 2022, 03:46:26 AM

WazirX is not a new exchange and has been operating in the cryptocurrency market for 5 years. This is slightly less than the cryptocurrency exchanges Binance, OKEx and KuCoin, which have been operating since 2017. And you need to understand that if such an investigation is opened against Binance, OKEx and KuCoin, it will also negatively affect the value of their exchange coins.

WazirX have been operating for long time and this coin exchange have been listing on Binance last several years, I think what happen with investigated make WazirX become one of altcoin be careful for investing. Before this coins listing on market have airdrop for all participants but their coins reward locked, I don't see price drastically drop with reward airdrop participant but not really have any development with WazirX why make this coin drop. Have added list with exchange coins not recommended for investing because WazirX investigated by Indian government, usually after have investigating many bad thing happen with some coin and price actually will be drop.

tvplus006

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Quote from: StormHawk on August 08, 2022, 02:18:32 AM

There are some exchanges tokens that are worth looking into but the older the exchange itself the better, see what happened to wazirx? So my advice is to go for older exchanges like kucoin Okex and binance...

WazirX is not a new exchange and has been operating in the cryptocurrency market for 5 years. This is slightly less than the cryptocurrency exchanges Binance, OKEx and KuCoin, which have been operating since 2017. And you need to understand that if such an investigation is opened against Binance, OKEx and KuCoin, it will also negatively affect the value of their exchange coins.

StormHawk

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There are some exchanges tokens that are worth looking into but the older the exchange itself the better, see what happened to wazirx? So my advice is to go for older exchanges like kucoin Okex and binance.. If dex is your thing you can choose Uniswap and DoDo ex.

montaga

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Quote from: ?? on ??

Exchange tokens are risky, ..........

Yes they are because exchanges are no longer needed, as better options available and second exchanges are no in trouble with regulators.
https://coinpedia.org/exchange-news/sec-to-investigate-binance-along-with-several-major-crypto-exchanges/

abel1337

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I currently hold some BNB in my portfolio and it is for me the best exchange coin you can get since it offers a lot of utility and addition to that the current number one exchange is facilitating it. There are many exchange token including dex but I don't feel having dex token in my portfolio in a purpose of getting profits from it. Don't get me wrong, I did experience earning profits from dex tokens but I think their trend has ended or laylowed which can result to lesser profit compared in putting the budget to other tokens which can possibly bring more profits.

capedbaldy

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Quote from: ?? on ??

Exchange tokens are risky, but they make the most money. The tokens of the Binance, FTX, OKEX and Kucoin exchanges have made a lot of money for the early investors. When the markets show signs of improvement, they gain in value due to the increased trading volume. Exchange tokens are a smart investment.

Actually there are many other exchange tokens that are scams so we have to focus on old exchange tokens like the coin list above, I added BNB and optional for FTX because so far the development of FTX exchange is very good, so I need time to analyze about FTX to consider potential investment in my portfolio.

lalabotax

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So far, if this is about exchange tokens, I only use a few exchange tokens in my portfolio. They are BNB and TKO mostly.
I believe that commonly exchange token will have their own use case and as long as the exchange is still alive, they will still survive.
Commonly they will also have stronger fundamentals, this is ideal.
But for certain exchanges especially CEX, there are also some that are worthy such as Cake and others. Thye was a great investments at that time and probably now they are still promising as long as we are not buying them in the hype era. Because we know that their price right now is also still dropped enough.

darewaller

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Why have any doubts about BNB? I mean it is clearly the best one, it is the best exchange, hence why it is the best exchange coin and I do not get why there should be any talks about anything else.

I get that people are confused about what they have right now because they are looking to find one that would go up higher, since BNB is already very high, they do not believe that it would go up as much as one that is smallercap and could go up a lot more. But, that doesn't change the fact that you would be taking risk with other ones like heco or ame or whatever, whereas you would be making a guaranteed investment when you buy BNB because we all know that it is not going anywhere anytime soon.

tvplus006

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To the Moon

Quote from: adzino on July 28, 2022, 12:25:55 AM

I doubt any exchange tokens, CEX or DEX would be good for long term holding. They carry more risks. For any reason, if any of those exchange fails or something happens (like a major hack or something similar), the tokens would tank them with them.
Not sure why you would want to invest in a exchange token. Other than giving lower fees, what other benefits do they carry? Better stick with bitcoin and regular altcoins.

The same applies to any coin, if there is a hack, it will necessarily have a negative impact on this coin. So there is no special difference between an exchange token and other cryptocurrencies, except that the exchange coin is supported by the exchange itself.

In addition to the reduced commission, the exchange token provides an opportunity to participate in launchpads held by the exchange, in addition there are many different bonuses from its hold.

montaga

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Freedom, Natural Law

Who needs an exchange in this day and age?
Why risk to have money in someone elses control when you can trade straight out of your own wallet (Moneybutton.....)?
Also why limit to cryto only when you also can trade commodities, stocks, indices and forex.
Brokerless with no fees other than holding fee.
https://tdxp.app/market/BTC-USD
https://tdxp.app/market/Airbnb
https://tdxp.app/market/Gold-Silver
https://tdxp.app/market/German%2030%20DAX
https://tdxp.app/market/EUR-JPY
Crypto market open 24/7

smartaction

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Leading Crypto Sports Betting & Casino Platform

investment in crypto is always risky if you really interested to invest your money on Exchange token then you choice Binance coin (BNB) FTX token (FTT) ku-coin token in Cex and Cake , UNI in Dex token i think these token are good choice for investment in Exchange token

nira09

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Actually all exchange tokens are very risky, but behind the high risk there is also a huge profit potential. Besides BNB, you also need to pay attention to KCS, Apart from the exchange tokens both also have their own network, so apart from being required for discounts on the exchange, they are also needed for transaction fees.

coinerer

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Quote from: SafuBTC on July 25, 2022, 02:41:56 AM

What is the best exchange investment for a newbie? I am looking for an exchange either CEX or DEX token that's good for long term hold, I can only find BITGET and DODO, which one would you advice to go for?.. Already had BNB so no need to talk about BNB.

if you want to hold your crypto for long time then it will better if you use DEX coz when you use dex Exchange and connect your personal wallet with dex by Dapp and when you Exchange your crypto with another's cryptos then your token will automatically entered on your personal wallet . there are no any withdrawal problems and no need extra fees for withdrawal

Cling18

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Quote from: ?? on ??

Quote from: virasisog on August 05, 2022, 01:11:09 PM

Quote from: Untomabur on August 05, 2022, 12:33:42 PM

Only BNB and UNI in my opinion have very good performance in this bear market,
if you want to collect token exchanges, I recommend only these two coins,
yes, even though they have experienced a high increase from the all time low, UNI and BNB still have good future, dont worry

I also prefer BNB over other exchange tokens. If we'll track its record, we could see how it reached a good value for years since its function is promising plus it's supported by a reputable exchange. BNB is also worth investing in on a long-term basis. It always rises along with Bitcoin and other top coins.

In terms of exchange tokens, BNB is the most worthwhile token to hold, while the rest of the tokens are too risky to be held. You can see tokens coming from other exchanges like bybit, kucoin or houbi, they are also quite safe to hold but it seems that the profit from them will not be too high.

Among exchange coins, I only took a good profit from Ethereum and BNB. I only had a small capital before but I was able to maximize my gains with these coins because their movement was great last bull run. I could see a bigger potential with BNB and I could feel that it could also reach a higher milestone in the next bull market.

Bobrox

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Quote from: virasisog on August 05, 2022, 01:11:09 PM

I also prefer BNB over other exchange tokens. If we'll track its record, we could see how it reached a good value for years since its function is promising plus it's supported by a reputable exchange. BNB is also worth investing in on a long-term basis. It always rises along with Bitcoin and other top coins.

I have the same opinion about prefer choosing BNB than UNI although both coins as exchange token, I think UNI still as dex exchange market and right now not really popular again like BNB as CEX exchange market. Depending with UNI have drop to lower price and right now stuck on price $9 and difficult to see UNI coin can reach all time high above $30. But with Binance although drop keep consistent recovery and going to higher price almost every day, last several weeks BNB still under $240 and now have success break above $320. I think Binance coin still have chance back to all time high again almost $700 when launching new launchpad maybe.

Topic: Looking forward to add exchange tokens to my portfolio (Read 446 times)