Educational Resources

How to use decentralized exchanges?

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trading on dexs

How DEXs Work

Unlike centralized exchanges (CEXs), decentralized exchanges (DEXs) are not managed by a central authority. The trades are executed through smart contracts and users retain custody of their own funds. This approach leverages the full potential of blockchain technology, which aims to decentralize financial services and give users complete control over their assets.

Most DEXs use Automated Market Maker (AMM) system to facilitate trades. Uniswap was among the first to popularize the AMM system when it was launched in 2018. By eliminating the need for traditional order book system, AMM provides high liquidity, allowing traders to execute trades directly with liquidity pools rather than waiting for their orders to be matched. Anyone can become liquidity provider by contributing to liquidity pools, and in return, they earn a share of trading fees generated from the trades.

Benefits of AMM (Automated Market Maker)

The order book system generates liquidity by maintaining a continuous flow of buy and sell orders, requiring a sufficient number of active traders who are willing to buy or sell assets at specific prices. When there are not enough active traders, order matching can become slower, leading to greater price swings and slippage. This is especially noticeable in markets for new or less popular cryptocurrencies, where trading activity is often lower. Additionally, liquidity can be reduced during off-peak trading times or during large sell-offs, which can decrease both the price and liquidity of an asset.

In contrast, the Automated Market Maker (AMM) system can sustain high liquidity regardless of the asset’s popularity, trading hours, or market conditions. By using liquidity pools and allowing anyone to provide liquidity, AMMs can facilitate trades even in scenarios where the traditional order book system might struggle due to low trading activity or market volatility.

Additionally, AMM system also creates incentives for liquidity providers (LPs) by offering rewards. Many DEXs such as Pancake Swap, provide additional rewards alongside share of transaction fees, allowing LPs to earn passive income.

Setting Up Wallet

Most decentralized exchanges (DEXs) do not provide an integrated wallet to purchase and store crypto. You need a DeFi wallet to transfer funds to the DEX. There are many wallets with robust security features and DeFi integration, allowing users to store and swap cryptocurrencies. Some wallets do not have the feature to purchase crypto. That’s why, you should select a wallet that integrates with payment processors. Wallets such as Trust wallet allows the purchase of crypto using credit or debit cards.

After you have selected a wallet, created an account, and purchased crypto, now you can start trading. Move to the DEX platform you want to use for spot trading.

Executing Spot Trades

Select a specific blockchain network which is compatible with crypto assets you want to trade. Connect your wallet to the DEX, then navigate to the trading section of the decentralized exchange. Now, select the coin you want to trade and the coin you want to receive. Enter the amount you want to sell and the DEX will automatically calculate and display amount of receiving cryptocurrency. Review the transaction details such as crypto amounts, slippage tolerance, transaction speed and fees. Finally, select “Trade” or “Swap” option and confirm the transaction.

Monitoring and Managing

After initiating the transaction, it would be processed by blockchain network. The processing time can vary from few seconds to several minutes, depending on network congestion. Once transaction is completed, you can check your wallet balance to see if you have received new cryptocurrency.

You can also navigate to transaction history in your wallet to see status of your trade. The wallet also generates a transaction hash or transaction ID which you can enter in blockchain explorer application to see status of the specific transaction you have executed on DEX. Additionally, you can also use portfolio tracker app to monitor performance of your trades and current crypto holdings. These portfolio apps usually integrate with crypto wallet, allowing users to manage their crypto assets effectively.

How to swap cryptocurrencies using SimpleSwap?

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instant swap

Introduction

SimpleSwap is a non-custodial crypto exchange used for instant swapping of cryptocurrencies. This platform offers flexibility in swapping of cryptocurrencies. Users can connect their wallet or purchase crypto using the available payment methods to initiate swaps. Instant exchanges like SimpleSwap typically do not require any sign up. They use liquidity provided by their partners to facilitate trades.

The primary disadvantage of using instant exchange is that they often charge higher fees compared to traditional crypto exchange. However, some of the instant exchanges offer competitive rates. SimpleSwap, for instance, aggregates liquidity from multiple sources to provide the best market rates.

How SimpleSwap Works

Being a non-custodial platform, SimpleSwap does not require any sign up and it also does not store users’ funds. User connects his wallet to transfer crypto to the SimpleSwap, which is then converted to another cryptocurrency. SimpleSwap uses the aggregated liquidity to process the transaction. If user selects fixed rate and initiate a transaction, the crypto is swapped at specific predefined rate. If the user selects the floating rate option, the transaction will be executed at the current market rate, which may fluctuate during the processing time. The processing of transaction typically takes several minutes. SimpleSwap converts the transferred cryptocurrency to desired cryptocurrency and sends it to user’s wallet.

For dedicated users, SimpleSwap offers a Loyalty Program with various plans. This program provides cashback rewards for every transaction made on the platform, enhancing the user’s overall experience and benefits. In order to join the program, user needs to register an account.

Swapping Cryptocurrencies

The process of exchanging cryptocurrencies is simple. You don’t need to register any account or complete KYC process. Here’s a step-by-step process to exchange crypto:


1. Visit SimpleSwap

Go to SimpleSwap website or mobile app.

2. Select cryptocurrencies

Select the cryptocurrency you want to exchange from the dropdown menu in the “You Send” section. Then, select the cryptocurrency you want to receive from the dropdown menu in “You Receive” section.

3. Enter Amount

Now, enter the amount of cryptocurrency you want to send in the “You Send” section. The corresponding amount of receiving cryptocurrency would be automatically calculated and displayed.

4. Select exchange rate

Choose “Fixed rate” or “floating rate” option.

Fixed rate: The rate is fixed for a limited time, and you will receive exact amount of cryptocurrency shown.

Floating rate: The rate can change during transaction, depending on market conditions.

5. Enter recipient address

Enter the wallet address where you want to receive the converted cryptocurrency. Double-check and ensure you write the address correctly.

6. Confirm transaction

Review the transaction details, including the exchange rate and the recipient address. And then click “Exchange” to initiate the transaction.

7. Send cryptocurrency

Simpleswap will generate a deposit address or QR code. You need to enter this deposit address manually in your wallet or scan the code to transfer crypto to the SimpleSwap. The transaction processing would take several minutes.

8. Receive cryptocurrency

Once transaction is completed, you will receive desired crypto in your wallet. SimpleSwap will send you a confirmation message. You can also check transaction summary and status on SimpleSwap website.

Concluding Remarks

SimpleSwap simplifies the swapping of cryptocurrencies. Without registering any account, users can instantly swap crypto at good market rates. This provides seamless experience for both beginners and professional traders. Additionally, SimpleSwap also offers Loyalty Program which provides cashback rewards. Through various plans of this program such as Bronze, Silver, Gold and Platinum, users can earn cashback rewards in BTC. The amount of cashback rewards that user receives depends on the loyalty level. Platinum provides the most rewards on each transaction.

Top 5 cryptocurrencies shaping the future of finance

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crypto

Introduction

Cryptocurrencies have revolutionized the way we store and transfer value by eliminating the need for intermediaries like banks. Utilizing blockchain technology, cryptocurrencies create a decentralized financial system that operates without central authority. This decentralization streamlines financial transactions and facilitates cross-border payments with greater efficiency.

The world’s first cryptocurrency, Bitcoin was specifically designed to create decentralized financial system. Unlike fiat currencies which can be printed and subject to inflation, Bitcoin has limited supply. This limited supply is intended to create scarcity to prevent inflation.

Financial Utility of Cryptocurrencies

Cryptocurrencies can be effectively used as store of value against fiat money inflation. The price of cryptocurrencies depends on various factors such as supply, current demand, macroeconomic events like interest rates, and regulatory developments. These macroeconomic factors affect investor confidence leading to sell-offs and buying sprees. Crypto investors capitalize on inherent volatility of crypto prices to make profits. During economic downturns, cryptocurrencies can attract interest as alternative investment opportunities.

In addition to being used as store of value, cryptocurrencies are also widely used for business payments. Their decentralized nature facilitates cost-effective cross-border payments, reducing transaction fees compared to traditional financial systems. This utility makes cryptocurrencies a practical option for many consumers and businesses looking to streamline financial transactions.

Top 5 Cryptocurrencies Shaping the Future of Finance

  1. Bitcoin (BTC)

From since its creation, Bitcoin has always been dominant crypto with most share of market. Currently BTC holds 56% market share, and it also has largest market capitalization. It is considered a great investment asset with a potential to grow further in the long-term. Bitcoin is used in both short-term and long-term investment strategies. Recently in 2024, there has been growing demand of BTC, fuelled by multiple factors such as halving event and approval and launch of BTC ETFs.

In the previous years, the adoption of Bitcoin as payment asset has increased significantly. Many companies like Microsoft, AT&T and Shopify allow crypto payments. More businesses in the future are likely to adopt crypto payments because it provides several benefits such as expansion of customer base, lower transaction costs, and access to unbanked population.

  • Ethereum (ETH)

It is second largest cryptocurrency in terms of market capitalization, currently having a price of $3250. It is also a great investment asset widely used by DeFi community. Despite losing most of the value in 2023, it has surged again in 2024 and reached peak of $4000. Many analysts expect its value to grow in long-term due to its rising adoption fuelled by DeFi protocols. Ether is native coin of Ethereum blockchain, which is most widely used for DApp development.

The growth of DeFi directly fuels ETH’s demand because this crypto is used for transaction fees, collateral, and participation in various financial products. This crypto is also particularly used in staking to generate passive income.

  • Tether (USDT)

Tether is the most popular stablecoin that is pegged to real-world asset like US Dollar. Due to its stable value, Tether is widely used in trading pairs with BTC and other cryptocurrencies. While stablecoins cannot be used as investment assets since their price remains the same, they have many other financial utilities. Traders and investors also use Tether (USDT) to hedge against market volatility of other cryptocurrencies. By holding this coin, they protect their portfolio’s value without needing to convert to fiat currency.

This stablecoin has great use cases in decentralized finance (DeFi) applications. It is used for lending, borrowing and earning interest. By staking Tether, investors can obtain predictable rewards, providing a stable and reliable way to participate in DeFi ecosystems.

  • BNB

BNB is native coin of Binance Smart Chain (BSC). Originally launched as ERC-20 token on Ethereum blockchain, later it transitioned to BSC. It is also widely used as native coin of Binance ecosystem. Binance traders can get discount on transaction fees by holding and staking BNB. This coin is also used in staking and other DeFi activities. One interesting use case is that it provides the ability to participate in token sales on Binance launchpad.

As of now, BNB is priced at approximately $589, and it reached its all-time high (ATH) of $698 in June 2024. If you are a Binance trader or actively use DeFi protocols built on Binance Smart Chain (BSC), BNB could be a valuable investment for you.

  • Solana (SOL)

It is fourth largest cryptocurrency in terms of market capitalization currently priced at $185. It is native coin of Solana blockchain, which is known for its high-speed transactions and scalable capabilities. The popularity of SOL has been largely driven by the robust ecosystem of DApps and DeFi protocols built on the Solana network.

This cryptocurrency is not only used in investment but also used in various DeFi activities. Many investors use this coin for staking to earn passive income. Beyond staking, this coin is actively used in Solana ecosystem for other DeFi activities such as lending, borrowing, yield farming and trading NFTs.

How to start spot trading?

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spot market

How Spot Trading Works

In spot trading, you buy or sell the crypto assets at market price. The trades are executed immediately through order book system which matches the buy and sell orders. Specifically in spot trading, you fully own the asset and can also hold it for long time. In derivatives trading, you only hold a contract based on underlying asset, not the asset itself. The speed of trade execution depends on liquidity of the specific asset – the higher the liquidity, more easily trade would be executed. Crypto markets with higher liquidity reduce price slippage, which occurs due to large orders.

You can place a buy or sell order using various order types depending on your trading requirements. Market order type is commonly used to buy or sell crypto asset at current market price, ensuring immediate execution. For more specific conditions, you can use advanced order types like stop-limit orders. These allow you to set both a trigger price and a limit price. When the trigger price is reached, the order becomes active, aiming to execute at the limit price or better. This type of order can help manage risk, providing more control over trade execution in volatile markets.

Creating an Account

When you are just getting started with crypto trading, make sure you select a reliable and secure crypto exchange. Most of the exchanges have implemented the KYC process in the account registration process. You can sign up by entering your details including email, password, phone no., etc. In KYC process or identity verification, you need to provide images of your government-issued ID card. Once completed, you can deposit crypto in your exchange account. You can transfer assets from another crypto wallet or simply purchase crypto by depositing fiat currency in your account.

Placing First Crypto Order

Here’s the step-by-step process. Move to the spot market or trading platform of crypto exchange you are using. Now, you can select from several trading pairs such as BTC/USDT, or ETH/BTC depending on what type of crypto you already have. If you have USDT and want to buy BTC with it, take a moment to analyse the current BTC market conditions using charts and other trading data. You can set various technical indicators like Moving Averages (MA) and Relative Strength Index (RSI) in the candlestick chart. RSI is an effective indicator used to identify oversold or overbought conditions based on changes in price movements.

Then, select market order type and enter the amount of BTC you want to purchase. Now you can click Buy to execute the order immediately at the current market price. Review the order details and confirm transaction. Afterwards, you can check new account balance which includes some amount of BTC.

Monitoring Your Strategy

If you plan to sell BTC later when its price surges, it’s crucial to remain in touch with market conditions of Bitcoin. Technical analysis, fundamental analysis and information about market sentiments can aid you in the process to identify perfect time to sell BTC. The specific signals of future price movements that multiple indicators can give are very helpful. For example, when RSI value is above 70, and when short-term Moving Average cross below long-term Moving Average, it is a good time to sell your asset. The fundamental analysis involves identifying specific events that can impact crypto’s price like halving event, and regulatory crackdowns.

Alternatively, if you didn’t purchase BTC but want to buy it at its lowest price point, RSI indicator and MA can be helpful. RSI value of below 30 is an indicator of oversold condition and a good time to purchase a cryptocurrency.

Alternative Ways of Spot Trading

Many traders have shifted focus from manual trading to automated trading. Automated trading involves the use of trading bots that utilize custom parameters to execute trades automatically. Most common trading bot is grid bot which allows users to trade in specific price range, which is a strategy used in day trading. Most of the trade bots like DCA bot, and Arbitrage bots have built-in strategies allowing traders take benefit of these to make better profits. Although bot trading is a good option if you want to trade in spot market, but it requires sound knowledge of how these works and specific risks associated with these bots. These bots perform trade based on parameters determined by user, and in some cases cannot prevent losses when price downfalls occur. In a situation of continual market decline, grid bots or DCA bots may keep buying assets according to predefined parameters set by the user, which can lead to further losses. That’s why, monitoring the performance of trades executed by bots is essential part of automated trading. In cases of declining markets, it may be necessary to disable the bots. Usually, these bots are more effective when used with assets that have long-term upward trend.

How to set up crypto wallet?

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crypto wallet

Overview of Crypto Wallets

Hosted wallets or hot wallets are blockchain-based applications in which you store your crypto and you can transfer these assets to any other crypto application. These are user-friendly applications that utilize blockchain technology and can be used for various purposes. One unique feature is that they are versatile. If crypto investors want to participate in airdrops, trade NFTs or transfer crypto to any person, they can use dedicated wallets.

These wallets are connected to internet and their security relies on infrastructure and security measures taken by the wallet provider. That’s why, always choose reliable and reputed wallet provider. Though these wallets are not immune to hacks because they are connected to internet.

Top Reliable Crypto Wallets

In crypto exchanges, if you put crypto in your account, these crypto assets are actually stored in custodial wallets integrated into crypto exchange. Separate web3 wallets are better for storing crypto if you want to utilize crypto for multiple purposes rather than trading. For example, if you want to trade NFTs, or utilize crypto for other purposes, you need to set up a hosted wallet.

  1. MetaMask

It is one of the most reliable crypto wallets that supports ETH coin and tokens built on Ethereum blockchain. MetaMask was developed by ConsenSys, a blockchain software company. The interesting thing about this wallet is that, it supports wide range of ETH-based tokens. This wallet does not support staking. But if you want to trade NFTs, MetaMask would be a good option for you.

  • Coinbase wallet

It is a web3 wallet provided by Coinbase for storing crypto and NFTs. This wallet is considered a very secure and reliable wallet. It supports diverse range of coins and tokens not limited to ETH-based tokens. Most importantly, this wallet is a self-custodial wallet which means you have complete control over your private keys just like MetaMask.

  • Crypto.com Wallet

This is another self-custodial wallet provided by Crypto.com. Being a DeFi wallet, it supports wide range of coins and tokens. Despite the fact that it is self-custodial wallet, it is integrated with Crypto.com services. You can also deposit NFTs on it. It is one of the most reliable crypto wallets.

Complete Process to Set Up Wallet

With a crypto wallet, you can transfer crypto assets to anyone and also access various DeFi services. Being a blockchain-based application, this wallet directly interacts with blockchains. Which means you can transfer your assets to any other DeFi application using these wallets.

Once you have selected a reliable wallet provider, next step is to download the wallet for PC or android. Also ensure you download it from legitimate site of provider and not from a fake similar-looking website. Double-check the URL of the site from where you download it. Hackers often create fake wallets to access users’ funds.

In next step, create account by filling information like name, email, and password. Some wallets also require identity verification where you may need to submit picture of your government-issued ID card.

Finally, you can transfer crypto assets to your wallet. Though, you can also transfer fiat to it using bank payment or debit/credit card and then convert them into crypto. You can also transfer crypto from other platforms. Once, you have assets in your wallet, now you also have to keep your private key or seed phrase safe. This key is necessary to access your crypto.

Conclusion

Crypto wallets are blockchain-based applications built for storing crypto. They enable transfer of crypto to any DeFi application like staking platforms or decentralized exchanges. These wallets also enable trading of NFTs. Because these wallets are self-custodial, you have to take care of the private keys of the wallet to keep your funds safe. It is important to ensure, you always choose wallet from reliable providers so you can be rest-assured your assets are safe.

How to stake crypto and earn money?

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staking guide

Crypto staking, yield farming, and lending are some of the popular passive income methods. Many crypto exchanges have developed unique stake products like Simple Earn which combine staking and other strategies like liquidity farming to increase the rewards for users. Users also have the option to proceed with dedicated staking products which offer relatively lower APY rates than Simple Earn products. In this article, we will explore how you can earn money with delegate staking method.

Staking Process

In delegate staking, you simply deposit your crypto assets in a staking product. Many crypto exchanges and specialized staking platforms offer various staking products with specific APY (Annual Percentage Yield) and specific risks. You can also get different APY for same type of product on different platforms. That’s why, research prior to investment is crucial. Here’s the step-by-step process.

  1. Choosing the Crypto for Investment

Don’t focus on platforms which offer most products with highest APY rates, rather focus on the platforms which offer specific coins which you want to stake. Identify a number of crypto which can be staked and have long-term bullish trend. Market events can affect the price of crypto. Research about these events, combined with analysis of price trends using charts and indicators, would be helpful.

  • Choose the Best Staking Platform

Both centralized and decentralized exchanges alongside specialized staking platforms offer the delegate staking service for a variety of coins. Once you have decided which cryptocurrencies you want to stake, then choose the platform which offers highest APY rate for these coins. OKX and Figment.io are among the best platforms that can be used for staking.

  • Depositing Your Crypto

Sign in into your desired platform and go to the staking section. In case, you are using OKX platform, you need to go to “Earn” section. Next step is to select the coin you want to stake and you will be provided different earning options with fixed or flexible terms. You can subscribe staking option if available or choose Simple Earn which is a combination of staking and other strategies deployed by the OKX platform to help users earn passive income.

okx staking

Many crypto exchanges like Binance and OKX also provide dedicated staking service for ETH. In that case, you may need to deposit your ETH coins to receive BETH which is a tokenized representation of staked ETH. After period of time depending on lock-up period, your BETH will grow in amount due to addition of rewards. Then you can redeem these assets.

Utilize Staking Rewards Calculators

The Staking Calculator is a popular tool for estimating staking rewards after specific period of time. You can give inputs like type of coin, APY rate, duration and amounts of coins. While some staking calculators do not give option to set custom APY, the calculator provided by Figment.io gives that option but has limited coins.

Crypto exchanges like Binance and some dedicated staking platforms also offer stake rewards calculators but they use specific APY rate for each crypto available in their stake products.

Risk Management

Even if you have chosen those cryptocurrencies having long-term bullish trend to safeguard your stake rewards, still managing the risk during the staking process is necessary. You can choose flexible staking option for some coins which have more uncertain price movements so you can redeem your assets in case of bearish trend or market downfall. Having some portion of your investment in staked USDT or other reliable stablecoins and some portion of investment in bullish coins guarantees better chances of high profits. Crypto market uncertainty always remains there, so calculating precisely how much you would potentially lose in case, those perceived “bullish coins” start falling in value, and how much you would earn, is part of the proper risk management. Specifically, in this staking strategy, you also need to observe performance of underlying blockchains for which you are staking coins, and also any changes in APY rates because these rates are often dynamic and may change depending on active number of validators for blockchain, network upgrades, coin demand or price and other factors.

Conclusion

Crypto exchanges and dedicated staking platforms simplify the stake process for crypto users through delegate staking services, where users delegate their assets to validators. Staking involves depositing your assets into specific products to earn crypto rewards after a period of time depending on APY rate and stake terms. A recommended strategy is diversified investment which involves staking multiple cryptocurrencies including stablecoins, to earn good profits. However, it is important to anticipate and understand all kinds of risks such as market volatility, and change in APY rates.

Best practices to ensure security of your crypto assets?

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crypto wallet

Being a crypto trader, you have to ensure that your assets are safe. In this article, we will explore some of the best practices that you should use to ensure safety of your assets.

Are crypto exchanges secure?

When you trade on centralized crypto exchanges, the company is responsible for the custody and security of your crypto assets. Their security protocols also depend on how much resources and commitment they give to security of customers’ assets. Crypto exchanges secure the users’ assets through multiple layers of protection including account security measures, web security protocols and firewall, corporate and organization safeguards. Crypto regulations that are enforced by regulatory bodies also adds another layer of security. Before choosing any crypto exchange, consider having a look at the security features like cold storage facilities, and security audits that company utilize.

Despite the advanced security measures that the leading exchanges like Crypto.com and Binance take, it is still necessary for user to take measures on his side to add another layer of safety. You can also store your crypto in wallets. Hardware wallets are a great option to secure your assets. On the other hand, soft wallets are relatively less safe because they are connected to internet and there remain chances of being hacked. Hybrid wallets are also a good option.

Safety Practices for Centralized Exchanges

  1. 2-Factor Authentication

Even if you have stored your funds on a highly secure centralized exchange, taking further measures for your account safety remain crucial. These measures include turning on 2-Factor Authentication, or utilizing Authenticator App, and making a strong password. If a crypto exchange does not offer 2FA option, do not use that platform.

  • Avoid Phishing Attacks & Malware

You need to ensure you always enter your login details in the actual website of crypto exchange by checking the URL. Hackers often create fake website similar to a crypto exchange to get user login details if users enter those. They can also create fake wallets or send you emails asking you to download a specific crypto application. Those applications may have malware, so avoid such emails from unknown sources.

  • Other Practices

Enable whitelisting withdrawal address option if available. Through this option, you withdraw funds to pre-approved wallet addresses. This prevents unauthorized withdrawals. Secondly, keep monitoring your account activity, transaction history and balance. Turn on account notifications so you receive notifications about your account activity.

Safety Practices for Decentralized Exchanges

  1. Use Secure DEX

In DEXs, users have full control over their assets. They are responsible for protecting their private keys to avoid getting hacked. Another point where safety is required is the smart contracts which execute peer-to-peer trade between users. If a DEX has highly secure smart contracts, then chances of platform getting hacked remain low. Before choosing any DEX, research about platform’s reliability and security practices.

  • Utilize Hardware Wallets

When it comes to DEXs, you can store your assets separately in a hardware wallet. It is a physical device which is not connected to internet. These wallets have robust security and they are extremely difficult to hack. But you need to keep your seed phrase safe.

  • Avoid Phishing Attack

DEXs don’t really ask for private keys unless you are making a transaction. Avoid entering seed phrases and private keys when asked on a DEX application or similar website. When choosing a crypto wallet, verify its reliability, reputation and other security features.

  • Other Practices

Many DEXs also offer option of 2-Factor Authentication. Turn on this feature whenever possible. When making transactions, double-check the transaction details like recipient address and amount.

Utilizing Crypto Wallets

Apart from soft and hard wallets, there are other types of wallets that you can utilize, including hybrid wallets. They combine features of hot wallet and cold wallet providing more security than hot wallets. These wallets use secure smart contracts, distributed key management and multiple signatures which gives advantage over hot wallets.

Among all types of wallets, cold wallet remains the most secure wallet. It is not connected to internet so chances of being hacked are extremely low. Even if someone steal your hard wallet, he cannot access your funds because they are protected by recovery seed and PIN. Only physical damage to hardware wallet can actually make the device inoperable.

Conclusion

While many crypto trading platforms promise security of customer funds, researching about them thoroughly is still crucial. Additional measures like 2-Factor Authentication, also adds another layer of security for your crypto assets. It’s important to take security measures for both decentralized and centralized exchanges. Cold wallet remains a robust safeguard for your crypto.