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Why are you leaving your crypto on an exchange wallet? There's something called counterparty risk, that these crypto folks need to read up on.
by mise_en_place 4y ago
Why are you leaving your crypto on an exchange wallet? There's something called counterparty risk, that these crypto folks need to read up on.
- cmeacham98 4y agoMost people obtain cryptocurrency for the purpose of speculating on its value. "Investing" is by far the most popular use of crypto (excluding criminal activity).
- mise_en_place 4y agoThe instrument used to speculate on the price of cryptocurrency is a CFD, in which case you take gains in stablecoins like Tether. It's foolish to leave any cryptocurrency long-term on an exchange wallet. If you're trading the spot market directly, you should take the cryptocurrency off the exchange immediately, as soon as you buy it.