Why I Trade on Multiple Crypto Exchanges
Read summaryI use multiple exchanges when trading crypto for risk management. The recent incident with FTX, where people lost all their money, highlights the importance of diversifying funds across multiple exchanges. While trading on one exchange is efficient for moving capital, spreading funds across multiple platforms helps mitigate the risk of losing everything if one exchange fails. This precaution ensures that even if one exchange goes down, there will still be money remaining 💰. Diversification is key in the volatile world of cryptocurrency trading to protect your investments and minimize potential losses.
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