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

Activity: 608

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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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To the Moon

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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Freedom, Natural Law

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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DGbet.fun - Crypto Sportsbook

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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Activity: 608

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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

full member

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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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Vave.com - Crypto Casino

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.

montaga

sr. member

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Freedom, Natural Law

Careful some exchanges may have huge legal bills and compensations payments to pay
https://www.law360.com/articles/1518534/crypto-exchanges-hit-with-9-9b-suit-for-pulling-bsv-coin

Also India’s WazirX exchange investigated for money laundering
https://twitter.com/CryptoWhale/status/1555610682380488705?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1555610682380488705%7Ctwgr%5E9d2a19cf407e93b40abef3fa449d6d2f3987df5b%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.redditmedia.com%2Fmediaembed%2Fwh3oof%3Fresponsive%3Dtrueis_nightmode%3Dfalse

bitkanu

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Moonbet.io | Web3 Casino

BNB value is already too inflated, even if it has great ecosystem like binance smart chain, still higher in term of value than the other emerging similar tokens.
though there's certainly so many potential for BNB, moreover it's already losing its big share of value over the recents corrections but i'd invests in less famous similar tokens for the sake of potential that it has.

KellyHands

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When it comes to exchange tokens, the ones that comes to mind are bnb, KCS and FTX. Bnb has grown substantially over the years and still has potential for higher growth. In looking for exchange tokens you should be mindful of the fact that the growth of the token is tied to the exchange. I see KCS as another upcoming exchange that may perform like bnb, so it's a good hold for me.

virasisog

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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.

Untomabur

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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

ringgo96

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To find a DEX exchange that is popular today of course 1Inch,Pancakeswap is the choice because Pancakeswap also uses the BSC network so it is very appropriate for those of you who already have BNB at the moment, but for the CEX exchange I cannot give a good exchange because until now I have never used the network, and currently still comfortable using the DEX network.

RussianEnglishTranslation

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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.

Exchange tokens are high risk right now because the SEC is pursuing legal action against several exchanges right now. Tokens like BNB could lose up to 90% of their value from here. Privacy will do well in 2023 due to increased regulations over crypto and that's why I'm bullish on Dero and 0xMonero. Most people are moving to DEXs to trade, especially after the recent issues with centralized platforms like Voyager and Celsius. Tokens like BOO and CAKE could be a good buy. When DeFi launches on the internet computer, that will pump ICP as well. This should happen in Q4 so look out for it.

S3300

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Bitget can actually grow bigger someday because its an old exchange and lately its growing, they just released their nayive token not too long ago and volumes are growing bigger too, for 0.15$ per token I believe its a steal, this doesn't mean that BNB and FTX tokens can't be profitable on the long run but its left for you.

Reid

hero member

Activity: 3052

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NMX. Nominex exchange - I think this is partnered with Binance too if I am not mistaken.
CRO. Crypto.com exchange - They are not on the leading exchange yet but who knows what the future will bring. Binance was once unknown too.
FTX token.
That's what I would recommend only as the others are not that good in their reputation yet. Also, some of them have staking available in their exchange.
I think most of us do like that feature.

Bobrox

sr. member

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Quote from: Miaallen on August 05, 2022, 02:21:46 AM

The best exchange coin or token to be invested into whether by a newbie or pro should be the exchange coins with their own chain like BNB, HECO, AME and so on. The utilities for such coins or tokens are until forever. There are some DEXes worth investing into looking at their track record too. The like of Cake from Pancakeswap is also kind of worthy at this time as is supply is infinite with buy back and burn from time to time to ensure the market isn't flooded and thereby rubbish the price like we see in its case now. I believe it will do well again when the time burning resumes.

No doubt with BNB and Heco but I don't trust with your choosing about AME coin as exchange token add to our portfolio investment assets, I have been long time with AME token and right now moved to their network from ERC20. Although have own network keep not any bigger exchange listed for this coin and price keep going dump until right now. Drop drastically last few second I checked on Coinmarket cap price and most surprised because ever I sold AME coin trough still with ERC20 network on higher price at $0.1. But right now I can't imagine with how many zero number before points and price of AME $0.0025. I think you need to move AME coins as listed for investing assets although as exchange token.

Miaallen

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The best exchange coin or token to be invested into whether by a newbie or pro should be the exchange coins with their own chain like BNB, HECO, AME and so on. The utilities for such coins or tokens are until forever. There are some DEXes worth investing into looking at their track record too. The like of Cake from Pancakeswap is also kind of worthy at this time as is supply is infinite with buy back and burn from time to time to ensure the market isn't flooded and thereby rubbish the price like we see in its case now. I believe it will do well again when the time burning resumes.

bluebit25

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https://bitlist.co

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.

From a novice perspective, I can only give you one piece of advice to think about balancing risk and return when deciding to enter this market. So it is more realistic to be able to hold more BTC ETH. I see BITGET and DODO as reasonable options to buy and hold in the long run. I think the fact that it will benefit from when the market bounces back is huge, and you need to seize that opportunity with specific plans.

evichi

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IMO, exchange tokens are not the best for long term holding but are good for day trading or short time trading, you can buy when the token value is low and hold for some days or weeks/or even months, and sell when the value goes up. Though there are exceptions like BNB. Bascically, ensure you do more research before investing. I prefer Bitcoin, Ethereum, etc. for long term holding.

n0ne

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Quote from: Rengga Jati on July 28, 2022, 06:23:55 PM

There are many exchanges that issued their native token or con for their exchange. They always give some interesting offers if using their initial token when trading or doing any activities in the exchange. But, not all exchange token or coin is valuable for investment. This will also relate to what kind of exchange it is, higher rank of the exchange will also influence how the token or coin issued by the exchange itsef.
For me, BNB is still theworthiest exchange coin to hold.

Majority of the Exchanges have got their tokens. As for concerned these exchanges have big role in the cryptocurrency market. Unlike the volume and other features of an exchange, investment over an exchange backed coin will surely profit in the long term. Binance is good and for now I suggest FTX which is slowly making big progress in the market.

Rengga Jati

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There are many exchanges that issued their native token or con for their exchange. They always give some interesting offers if using their initial token when trading or doing any activities in the exchange. But, not all exchange token or coin is valuable for investment. This will also relate to what kind of exchange it is, higher rank of the exchange will also influence how the token or coin issued by the exchange itsef.
For me, BNB is still theworthiest exchange coin to hold.

Johnyz

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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.

There’s a lot of alternatives, I can suggest to look first for the top exchanges at CEX and DEX, you can see so many option. I don’t know if you are just advertising those two BITGET and DODO but I can say that I’m not familiar with those exchanges and I wont trust it that much. Go for CAKE, UNI, KSC, and CRO they are the best for me aside from BNB.

justdimin

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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.

You admit that you are still a newbie but how come you already know those things? As a newbie you should start on the very basic coin first which was btc and maybe add some ethereum. These two coins should be your main priority before the others. Cex are being used the most compare to dexe's so you will have more success if you will also invest on cex tokens. You already have one there which is bnb.

You can also add token from kuckoin, I think that was called kcs. Houbi and ftx are I think have their own tokens as well, you can grab them too. Never heard of bitget but dodo, yes. Dodo was once a talk of the town but nowadays I rarely see an update with it.

Mame89

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actually it's relatively much what I like from dex or cex, ftx, binance is where the majority of people like and dex PancakeSwap, UniSwap, SushiSwap. but there is also a market that I rarely do for keeping balances. bitforex, huobi must be careful when making a deposit because sometimes there is a deposit fee of up to 10% entering the market that I have experienced causing losses, but not all coins are partially available. This is just a suggestion when you want to make a deposit, you have to research so that it doesn't cost a lot of money

el kaka22

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As per my experiences, you must have KCS and WRX in your portfolio as these are in my watch list and trading right now in lower circuit and may bounce back to 2x to 10x at any time sooner. If you buy and hold KCS within kucoin exchange then you might be getting daily bonus to improve your holding amounts which is exactly working in the similar manner how freebitco.in is providing daily interest to our BTC holding with them.

Wazirx is a sister concern of binance and its token once hit its ATH of 10k satoshi and right now trading around 1k satoshi levels which means if you invest right now then you might be getting chances of cracking easy 10x profits when it will be scaling its previous heights. Overall, I am in favor of having exchange tokens into long term portfolio but you must need to be cautious while analyzing about exchanges.

Reid

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If you have BNB already, how about CRO? (Cronos) Crypto.com coin.

Quote

Cronos (CRO) is the native cryptocurrency token of Cronos Chain — a decentralized, open-source blockchain developed by the Crypto.com payment, trading and financial services company.

https://coinmarketcap.com/currencies/cronos/
I think it's a good choice too as they are advertising their exchange in a large scale. Sports and other advertising platform, you could see them including ads in the known streaming media center.
It's up to you to check about their future, they started years ago but was not that popular. After buying the name of Staples Center for 20 years contract that worth $700M, that is when the name became more popular. You can stake it too at their application.

makishart

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just stick with ftx token, it's slowly but sure growing its service and right now it's already popular among many traders.
i think it will eventually catching BNB in terms of valuation sooner in the future because how great this exchange has been growing its platform.
instead right now I think BNB is kinda overrated unlike ftx token that still hasn't reached its true ATH.

cryptoaddictchie

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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.

Try dydx. Their platform is a dex exchange that also caters future trading without any centralized aspect. They recently migrated their platform to cosmos/atom If im not mistaken, and probably one of the best dex token that are still undervalued right now. I dont have much fund now, but if I were to choose this will be one of the token I will bag. Not a financial advise but you can review them on your own.

capedbaldy

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You can see CAKE, big news about IFO launch will be announced soon so there might be an increase if market price recovery support, Cake coin has decreased to 92% of ATH so worth analyzing and possibly adding to portfolio. If you want to invest in other than top coins then pay attention to the market potential because altcoins are difficult to increase in a bear market phase.

smyslov

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Biswap token and Nominex are two of the exchanged-based tokens that I'm holding right now they are both staking rewards Biswap is the first DEX that listed BFG token and they have a good partnership, they claimed to be the

Quote

1000+ trading pairs with highest liquidity and 0% fees First hybrid exchange with DeFi mechanics

and official Binance Binance broker there may be others out there but these are the two tokens, that I'm holding right now they are using Binance chain, so their fees are cheap.

exoncenter

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You can take CEX and DEX. CEX tokens is still interesting and DEX tokens will be interesting)))

bounceback

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Maybe you can find it here https://coinmarketcap.com/view/centralized-exchange/
But before trying to invest with them, it's good to do some research first so as not to run the risk of loss, I personally so far apart from investing with Binance exchange coin (BNB), I'm only interested in KCS and TKO coins because I think both coins will continue to earn better value in the future, especially so far these two exchanges are often used by many after the Binance exchange, thus leading me to believe that the two exchange coins I invested today are capable of producing good returns.

Pelana vreo

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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.

I have Biswap tokens, if you visit the web page and some articles about this project, I think you will be interested because the first Dex that can create system referrals is Biswap, Biswap is registered on Binance and you can see, and do in-depth research before investing (NFA)

adzino

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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.

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.

bitkanu

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so far I think the best exchange tokens for investments definitely are BNB, FTX, and CRO. these three seems kinda haven't reached its fullest potential considering BNB wasn't yet to have the massive bullrun that it should have and the rest of the coins like FTX and CRO are still having big potential ahead. BNB in this case, eventually gonna have bullrun, it's just waiting for the trend to chance though it's just my 2 cents, but it seems BNB gonna be surprising a lot of it holders in the future.

crzy

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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.

CRO and KCS for CEX and go for CAKE, UNI, and BSC for DEX.
There’s a lot of good exchanges that offer their own tokens for their utility and since you already have BNB on your wallet then this is a good chance to look for other option. I don’t know where do you get that option you have right now OP but look at the comments now, there’s a lot of good suggestions here instead of investing with that unfamiliar exchange.

Jackl87

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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.

Well the biggest one is obviously BNB but you already said that this is not interesting to you. At the moment there are several exchanges tokens out there that are interesting to me like for example Huobi token or FTX token but i have not read to much about them so i can not really tell about all the benefits that you get from holding this tokens.
One exchange token that i am holding at the moment are KucoinShares though and i am quite happy with them. If you keep them on the exchange you get a share of the trading fees each and every day and if you have a big amount of KCS then this bonus is not even that small. Also you can take part in token or NFT offerings if oyu are holding more than 100 KCS. Of course if you are keeping your tokens on the exchang there always is a small risk of losing your tokens.

Bitstar_coin

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Well, I used binance a lot so BNB would have been my first suggestion but since you already hold some I guess that's off the table. My second suggestion (although not too familiar with the exchange) will be FTT, I see its previous ath was above $80 and see people speaking highly of the exchange which could only mean the token will be good enough to buy. My third suggestion will be HT Houbi token, one of the top exchanges in the crypto world and a trusted one too. Kucoin KCS is also a good option, so far they have demonstrated to be a reputable exchange. You have quite a few good ones to choose from, it is up to you to decide which you think will be more profitable for holding long term.

X-ray

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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 will try to mention some.

KCS
FTT
KCS
OKB
HT
GT

Those tokens have so many advantages to the tokens holders but i think that you must aware if the price actually rely with the bitcoin movement. They have good performance during the bearish trend and their product is also generating revenue.

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

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.

Why don't you try to go to the DEX that based in another blockchain? i meant like cake or something else. BISWAP, Raydium, Uni may good choice for you.

Tony116

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I see only the exchange FTX token as worth holding in addition to the bnb exchange token. FTX is considered as the most formidable competitor of Binance exchange.

As of today, most exchanges are Binance style, they have their own tokens but their growth is generally not too big to hold them. Holding exchange tokens is only suitable for those who like to join the launchpad. BNB is the only coin worth holding because of its upside potential, the rest is difficult to grow.

Jaered

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Exchange tokens aren't the best investments if you ask me. Why? Unless the exchange acquires some serious use case and customers, the worth of the token might dump uselessly over time. Pancakeswap Cake token is a prime example

blockman

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These are what I can think of:
KCS
FTX token
Cronos
Nexo
The actual business/exchange of these tokens is known. There are more of them but for me, I think these are the best next to BNB for centralized exchanges.

icalical

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Looking at the data from here
https://coinmarketcap.com/rankings/exchanges/

https://ftx.com/ should be the 2nd best Exchange after Binance, based on average liquidity and weekly visitor. They still far from Binance but they are better than most of other CEX. Personally I think they have good promotion and marketing strategy, though I think their overall User Experience is still need improvement. Their FTX token price is falling pretty hard recently but the whole market is in red.

The Cryptovator

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The most popular dex is Pancakeswap. You may use trusted aggregators like Dextools. So it will be easier for you to understand everything. Since you are holding BNB means Pancakeswap is the best choice, because it's built on the BSC chain. Using dex means you are holding your funds and you have full control over the funds. But don't forget to secure your wallet in a proper way. I will discourage CEX since you will not have control of your funds exchange will control the funds. But if you really want to use cex by knowing everything then Binance would be responsive for you. Don't forget to check tokens real or fake once you are using dex.

fuer44

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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.

you can take a look at nominex.io, an exchange based on Binance and usdt. there are also many tokens and coins that can be traded there. there is also a farming feature that can grow your investment assets, and an update that now has a staking feature that you can check on nomiswap. I've been there for 1 year and have never had a problem.

if you already have binance, all you have to do is create a metamask wallet and transfer your binance there and connect metamask to nominex, everything is done, it's just what you want to trade, or farm, or invest.

SafuBTC

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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.

Topic: Looking forward to add exchange tokens to my portfolio (Read 439 times)