In the digital currency market, there is a group of people who usually post their earnings charts on Weibo and social platforms to attract your attention.
When you think this person is awesome, you may be deceived. Of course, there are indeed awesome people, but most of them are fake exchanges, and the profit charts they post are all fake.
So I always say that choosing a reliable exchange is the first step for you to enter this circle. Here I only recommend two. Binance, OY
Both platforms have a copy trading area. Only those who are truly capable can apply to become a copy trader. You can choose a trader and follow his orders. I think this function is very powerful and more reliable than those big Vs on Weibo. You can understand it this way. These copy traders are fund managers in the cryptocurrency circle.
These two exchanges are both old platforms with many years of history. I personally often use Binance. Although the UI interface of OY is very suitable for novices, the UI interface of Binance is more detailed. In addition, OY often unplugs the network cable, and the contract transaction fee is not cheap. In comparison between the two platforms, Binance has more preferential policies in terms of handling fees. The handling fee expenditure is also less.
Avoid using small, unknown exchanges
1. Risks of small exchanges
Small exchanges are often relatively new, lack regulation, have lower liquidity, and are vulnerable to hacker attacks.
2. Wild chicken platforms take away customer losses
No matter how much money you recharge, you will lose it all through the manipulation of the big guys (actually dogs).
At this time, your money will be divided between the platform and the dog pusher
In conclusion, investors should be very careful and avoid using unknown platforms to protect our digital assets. Choosing large, regulated exchanges and taking appropriate security measures is the key to ensuring investment safety. Don’t be obsessed with the halo of fake platforms.
