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Furry Doge | Live on PancakeSwap | Decentralized Blockchain | Liquidity Locked | Doxed team | 5% Reflection | Huge partnership & marketing plan | Next Gem Token

Has the cascading failures In CEX ended ? Or do you think it will continue as this bear market drags on ?

Is day trading gambling? Not quite.

My quest for a good CEX to buy Football fans token as the world cup approaches.

r/BitcoinSee Post

Where can I buy crypto with a prepaid gift card?

A CEX/DEX collaboration that is bridging a solution to slippage.

RISU Token - World's best community token | Stealth Launched | Swap and Bridge Live | Low MC | SAFU | Experience team.

r/CryptoCurrencySee Post

How I Find Profitable Coins to Trade (works for Any Exchange)

Totoro Inu - The Most Underrated Inu Project! | Launching Now on BSC | Amazing community and unique utility! | Audited | Reflections | The next moon shot!

Welcome to Bloodvania | P2E Crypto Game , with friends to win collaboratively with your vampire hunters | Big calls and Dextools Trending on launch

RISU Token - World's best community token | Swap and Bridge Live | Low MC | SAFU | Experience team.

r/CryptoMoonShotsSee Post

RISU Token - World's best community token | Just Launched | Swap and Bridge Live | Low MC | SAFU | Experience team.

r/CryptoMoonShotsSee Post

GCLASS($G63) is a Community Based G-Wagon Car Themed Utility project | Launch Today 16:00 UTC | Passive Income | Play-to-Earn NFT Gaming | Deflationary | GClass Wallet - 3millionCash is ready!

In most cases, news "NFT wAs JusT sOld For A WhOpiNg ..." is just a wash trade

APEWAR play to earn is a fight and actionn game.Players can play buy the NFT character or they can play with given free (very low power)NFT character | - Play with a token that never stops growing.

r/CryptoMoonShotsSee Post

Shina Token - A mystery that links $Shi to Shiba! More than 3k holders, Same early chart as Shiba - CEX listing soon! Take your sear before the Moon mission!

RISU Token - World's best community token | Just Launched | Swap and Bridge Live | Low MC | SAFU | Experience team.

r/CryptoCurrencySee Post

Incremental and very slow trading fees increase on CEXes eg BINANCE TERRA LUNC

r/CryptoMoonShotsSee Post

#ASTROX New Revolutionary Trading Card Game | Solid Utility | Fully Doxxed | BIG Launch Inbound! |

Welcome to METAXBET First real utility token for games A Deflationary decentralized protocol that will change the world of gambling. With Metaxbet, users will be able to hold an ever-growing token that delivers rewards while playing games.

AlphaFi | Universe & Metaverse: We are developing a system that ties the metaverse and the universe together.

Scarface / Charity site / NFT marketplace / First meme token with utilities / Contract Renounce / SAFE / New revolution in BSC

Squid Black is ready to be the next moonshot | 1 day old | Low Buy & Sell Tax | 4 Top Crypto Influencers Already on Board | Don't Miss This MoonShoot !!!

Tiger Cub $TCUB | New BSC Gem Stealth Launched Today | EVM Chain Next Month | Deflationary | Low Supply | 12K Market Cap | Healthy And Locked LP

Squid Black is ready to be the next moonshot | Just Launched | Low Buy & Sell Tax | 4 Top Crypto Influencers Already on Board | Don't Miss This MoonShoot !!!

ShibaFI | We want to change the world of ordinary finance by creating a trusted decentralized platform powered by AI and with no centralized agent to interfere

$BP | BeyondProtocol | Just Raised $12.5M | Listing on Multiple Tier 1 CEX | Real 100x

r/BitcoinSee Post

Activation fee on CEX.IO app? Not familiar with this bitcoin stuff

Crypto needs to become easier before the masses actually adopt

The first time I invested in crypto, I was almost scammed off my first investment ($200) and luckily I was saved because my money was not enough for the scammer.

Baby doge launched NOW | Low cap Based Dev and many more | Don't miss this moonshot!!

r/CryptoMoonShotsSee Post

$WENTXN | RatBoy BSC | Next MoonShot | LP locked 80 years | Strong Community | Getting the good old BSC days back again!

r/CryptoMoonShotsSee Post

KATANA INU | Just Launched | Play-2-Earn Battle Royale PC game powered by NFTs with its own Integrated Cross-Chain NFT-Marketplace | Audited project | Strong community

r/CryptoCurrencySee Post

My toughts about the state of crypto

r/CryptoMoonShotsSee Post

Shina Token ($SHI) gains another clue to how big $shi really is on 9/13/22 Royshi liked a post on Twitter from may of 2021 that was related to $shi as you can see in the picture below. After months of silence from Royshi.

r/CryptoCurrencySee Post

The recent "War" against Stablecoins is just preparing the ground for CBDC. You want to Buy, Sell and Trade Crypto? Ok, but you will have to use CBDC so we can track every move.

r/CryptoMoonShotsSee Post

$WENTXN | RatBoy BSC | Next MoonShot | LP locked for 80 years | Strong Community | Getting back the good old BSC day!

r/CryptoMoonShotsSee Post

Dueter - Music On Metaverse - Audit & KYC - Dueter On Centralized Crypto-Exchanges (CEX) - Launching Now - Strong Community & Marketing

r/CryptoCurrencySee Post

Can Anyone Tell Me Why Safemoon is a Bad Investment, because fundamentally i can't see how it would fail.

r/CryptoMoonShotsSee Post

Kounotori Token | KTO Exchange LTD

r/CryptoCurrencySee Post

Lunc: rising phoenix or run as fast as you can?

r/CryptoCurrencySee Post

Will CEX apply the LUNC 1.2% tax 'off chain'? CZ & kucoin chime in

r/CryptoCurrencySee Post

Wintermute, one of the largest crypto market makers, hacked for over $160m. Hacker is laundering funds currently

r/CryptoMoonShotsSee Post

Welcome to Puzzle Inu (PINU) Puzzle Inu has been created to establish a positive friendship with the worldwide sports community, especially Football fans, indoor and digital game fans & Pet Lovers

r/CryptoCurrencySee Post

What’s the largest amount of moons you’ve been tipped or tipped someone else?

r/CryptoMoonShotsSee Post

PythonsCoin - Fair Launch on Pancakeswap - DeFi and Privacy Products in Planning - Our Goal is to build an Ecosystem in DeFi Products - Burn, Tokens for Loyal Holders and more - To The Moon With PythonsCoin.

r/CryptoMoonShotsSee Post

PythonsCoin - Fair Launch on Pancakeswap - DeFi and Privacy Products in Planning - Our goal is to build an Ecosystem in DeFi Products - Burn, Tokens for loyal holders and more - To the Moon with PythonsCoin.

r/CryptoMoonShotsSee Post

MetaBurst Game - the first multiplayers web3 game - Craft Your Spaceships - Verified Contract - Big Partnership

r/CryptoMarketsSee Post

Getting Started with Cryptocurrency

r/CryptoMarketsSee Post

Gettinh started with Cryptocurrency??

r/CryptoMoonShotsSee Post

MetaBurst Game - the first multiplayers web3 game - Craft Your Spaceships - Buy With Credit Card - Strong Community & Marketing

r/CryptoMoonShotsSee Post

Dejitaru Kaida - $Kaida | The Dejitaru Kaida dragon is here to take back whats been created by our ancestors | No Presale

r/CryptoCurrencySee Post

Best Centralized Crypto Exchange - what’s your choice?

r/CryptoCurrencySee Post

Do you remember your first Crypto purchase?

r/CryptoCurrencySee Post

Should Stablecoins count in the Top 10?

r/CryptoMoonShotsSee Post

USDTATSU Fair Stealth Launched Yesterday | Doxxed Project + audited and BSCscan Verified | Sitting now at 12K$ Marketcap!

r/CryptoMoonShotsSee Post

USDTATSU Doxxed Fair Launch on Pancakeswap started with ~900$ LP | Sittting now at 3K$ Marketcap | 5% USDT rewards P2E Gaming and NFTs!

r/CryptoMoonShotsSee Post

Public Presale Now USDTATSU, Passive income forever 5% USDT rewards | Yahoo Finance Press Release CG and CMC upcoming!

r/CryptoCurrencySee Post

How is it acceptable for Ethereum to hold hostage our funds?

r/CryptoMoonShotsSee Post

Palmswap | Decentralized perpetual trading Exchange | Our goal is to build an ecosystem of DeFi products | Back by Big Names | Zero Tax | Community Fair Launch

r/CryptoMoonShotsSee Post

USDTATSU Public Presale Today on PinkSale 14:00 UTC! Passive income paid every minute 5% USDT forever on all transactions | P2E, NFTs & Airdrop Platform!

r/CryptoMoonShotsSee Post

Gold Pancake new deflationary-reflection token on the Binance Smart Chain. Simply hold Gold Pancake tokens in your wallet and earn passive income in BUSD | Fair Launch in 30 Minutes |

r/CryptoMoonShotsSee Post

Hungry Hungry Hippos is a project that boasts an unassuming image & meme-like flair, while offering an innovative, profitable approach to protecting and growing your liquidity at a high rate of return.

r/CryptoCurrencySee Post

What you should know about staking ETH

r/CryptoMoonShotsSee Post

USDTATSU Public Presale tomorrow PinkSale 100 BNB Hardcap | No private sale no unlocked tokens | 5% USDT rewards forever, P2e, free NFTs!

r/CryptoCurrencySee Post

Blockchain with Bitcoin bridge

r/CryptoMoonShotsSee Post

Bitzen Space is a sophisticated platform to explore the crypto space. People can generate passive income by using Bitzen App through participating “Learn & Earn” “Play to Earn” “Business to Earn” “Web 3.0 – Metaverse” & more programmes

r/CryptoCurrencySee Post

Why is this Bear Market different? Well, in the last one we were declared dead and in this one we are being widely adopted! Don't worry I made a list to back this up!

r/CryptoMarketsSee Post

SEC’s Gensler desires CEX, DEXs to register; Bitcoin regaining dominance

r/CryptoMoonShotsSee Post

USDTATSU Public Presale this Saturday | Free NFTs for participants 5% USDT rewards forever, Game demo will be live after launch | Cmc & Cg listing!

r/CryptoMoonShotsSee Post

SUAVIS ($suavis) | the future of the GIG economy | we are building Web-3’s freelance platform | Fast growing community | low market cap

r/CryptoCurrencySee Post

Omega Pro Ponzi, Alameda Research and Tornado Cash, what could go wrong?

r/CryptoMoonShotsSee Post

USDTATSU Public Presale 09/17/22 | Audited by Analityx | BSCscan updated next CMC and Cg listing | No unlocked tokens and holders get 5% USDT by holding

r/CryptoCurrencySee Post

A question regarding forked token issuance and price action 24h before/after the merge

r/CryptoCurrencySee Post

A question regarding ETH forked token issuance and price action 24h before/after the merge

r/CryptoMoonShotsSee Post

$WENTXN | RatBoy BSC | Next MoonShot | LP locked 80 years | Strong Community | Getting back the good old BSC day!

r/CryptoCurrencySee Post

If all Major CEX implements the 1.2% burn tax for LUNC, how long will it take to burn the trillions of coins into 10 billion supply? Moreover what else can be done to bring the coin to near 10 billion circulation?

r/CryptoMoonShotsSee Post

Phoenix is a hyper deflationary token born with the aim to create a strong community of Phoenixes | Just launched | KYC and audited | Dont miss gem !!!

r/CryptoCurrencySee Post

Binance suspends Ravencoin withdrawals

r/CryptoMoonShotsSee Post

Super Rat Boy NFT Project BSC blockchain-agnostic NFT platform. We are an aggregator of all NFT marketplaces and host the complete NFT lifecycle, allowing anyone to seamlessly buy, sell, swap, farm, and leverage NFTs BSC Blokchain .

r/CryptoMoonShotsSee Post

$CBSL Token Sale (ICO) is still Live | BitForex, CMC and other CEX Listing Confirmed | Audited German Company | Blockchain-based Solutions for the Cannabis & CBD Market | Huge Partnerships, Token Buybacks and Burns | Connected to Real Business

r/CryptoCurrencySee Post

What’s the largest number of moons you’ve tipped or have been tipped?

r/CryptoCurrencySee Post

Charles Schwab, Citadel and Fidelity Launch EDX Crypto Exchange - We need more DEX, NOT CEX.

r/CryptoCurrencySee Post

Ever heard of Crypto Indexes? If not, allow me to present Indexcoop!

r/CryptoMoonShotsSee Post

Jigsaw -$SAW | Presale on Pinksale at 16/09/2022 18:00 Utc | Kyced | Audited | Stake and Swap | Huge Marketing |

r/CryptoMoonShotsSee Post

$BARFIGHT building a VR game that will rule the metaverse system, Low marketcap gem - Cmc and Cg coming in no time - Audited - Don’t miss out!

r/CryptoMarketsSee Post

lunc status update !! They have been going good with support of MEXC.

r/CryptoMoonShotsSee Post

$WENTXN | RatBoy BSC | Next MoonShot | LP locked 80 years | Strong Community | Getting back the good old BSC days!

r/CryptoMoonShotsSee Post

Affyn - Zero To ALPHA

r/CryptoCurrencySee Post

Want proof of fractional reserve malpractice by CEX? Look no further than Huobi.

r/CryptoCurrencySee Post

Want proof of fractional reserve malpractice by CEX? Look no further than Huobi.

r/CryptoCurrencySee Post

Want proof of fractional reserve malpractice by CEX? Look no further than Huobi after its delisting of Monero.

r/CryptoCurrencySee Post

Want proof of fractional reserve malpractice by CEX? Look no further than Huobi after its delisting of Monero.

r/CryptoCurrencySee Post

My experiences with passive income in DeFi

r/CryptoCurrencySee Post

What’s the largest amount of moons you have tipped/been tipped?

r/CryptoCurrencySee Post

Want proof of fractional reserve malpractice by CEX? Look no further than Huobi after its delisting of Monero.

r/CryptoMoonShotsSee Post

RatBoy BSC | Owned by 2 most known influencers with strong connections | Upcoming Cex Listings & Partnerships | LP locked 80 years | Strong Community | Limited NFTs collection | 500 Bnb Marketing Wallet

r/CryptoMoonShotsSee Post

RatBoy BSC | Owned by 2 most known influencers with strong connections | Upcoming Cex Listings & Partnerships | LP locked 80 years | Strong Community | Limited NFTs collection | 500 Bnb Marketing Wallet

r/CryptoMoonShotsSee Post

RatBoy Bsc | Owned by 2 most known influencers with strong connections | Upcoming CEX Listings & Partnerships | LP locked 80 years | Strong Community | Limited NFTs collection | 500 Bnb Marketing Wallet

r/CryptoMoonShotsSee Post

RatBoy Bsc | Owned by 2 most known influencers with strong connections | Upcoming CEX Listings & Partnerships | LP locked 80 years | Strong Community | Limited NFTs collection | 500 Bnb Marketing Wallet

Mentions

#DEX Con-Arguments Below is an argument written by Shippior which won 3rd place in the DEX Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Not friendly for beginners. The use of a Decentralized exchange (DEX) requires not only intensive knowledge of how blockchains work (in the end they do not have customer support to help you with a transaction that is stuck) to make sure that the DEX they use is indeed a real DEX and not a scam (legitimicy) but it is also required to have intensive market price knowledge to make sure that the trade is fair. > > As transactions are not performed by a central authority but are operated by the blockchain the transactions are naturally less fast in a DEX than in a Centralized exchange (CEX). > > Liquidity pools and automate market makers are two of the methods most often used by DEXs. Liquidity pools are easy to use but have to major drawbacks. > > Although liquidity pool DEX are the most widely used, they may have some drawbacks. The most common problems of liquidity pool DEXes are price slippage and front running. > > Price slippage occurs because of the AMM (Automated Market Makers) nature itself — the larger the deal, the stronger impact it has on the price. For example, if the constant product AMM is in use, every deal must keep the product xy = k constant, where x and y are quantities of two cryptocurrencies (or tokens) in the pool. So the larger is the input amount Δx, the lower is the final ratio y / x that gives an exchange price. The problem is mostly significant for large deals or small liquidity pools. > > Front running is a special type of attack in public blockchains when some participant (usually a miner) seeing an upcoming trading transaction puts his own transaction ahead (playing with a transaction fee for example), making the initial transaction less profitable or even reverted. > > With the large number of DEXs popping up the liquidity of a DEX also becomes an issue as the available liquidity will be spread out through more DEXs (scalability). This can result in low liquidity in a DEX which will result in worse trades for the user. This is not an issue for a CEX as they have the availability of all the funds that are located on the CEX whereas a DEX has no own funds. > > Also moving forward as a DEX is rather difficult (upgradeability). DEXs that do not have a central entity are forced to either implement governance to move forward, making the useage of a DEX even more complex, or be forced to not enhance and thereby losing their market share as CEXs and centralized DEXs improve. Or a DEX has a central identity to upgrade the platform and therefore the users lose some privacy. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pfos3j/rcc_cointest_general_concepts_dex_conarguments/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_DEX) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/xta3ma/daily_general_discussion_october_2_2022_gmt0/).

Mentions:#DEX#CEX#AMM

#DEX Pro-Arguments Below is an argument written by DaddySkates which won 3rd place in the DEX Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > DEX Pro Arguments > > To start of what is DEX? Decentralized exchanges or to put it short DEX are cryptocurrency exchanges that allow for direct p2p cryptocurrency transactions to take place online in a secure environment without any need for third party intermediary. > > But why are they good? > > - DEX allows us to have use and swap coins freely without any intermediary > > - DEX have no-one to take the fees so they are far cheaper than CEX > > - If you want to use a CEX you need KYC in most cases. With DEX you dont. > > - Not your keys not your coins? DEX allows you to keep your coins exactly where you want them. > > - Its a goldmine for more under the radar cryptocurrencies who are still in early developement > > - DEX offer high returns on staking and providing liquidity ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pfornf/rcc_cointest_general_concepts_dex_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_DEX) to find arguments on this topic in other rounds.

Mentions:#DEX#CEX

Of course that idiot keeps his coins on a CEX..

Mentions:#CEX

There's a lot of different oracle services and solutions out there that are utilized like CEX/DEX price feeds, they just don't have tokens attached.

Mentions:#CEX#DEX

#Polygon Con-Arguments Below is an argument written by MalletSwinging which won 2nd place in the Polygon Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Polygon is a layer 2 scaling solution for Ethereum that grossly reduces gas prices. It does so, however, at some costs which I believe will not make it a good long term play. > > The first issue with MATIC is ease of use. There is one CEX (gate.io) that allows MATIC withdrawals onto the Polygon network. I actually think binance.com might allow this too, but as an American I can only use binance.us which does NOT allow Polygon withdrawals. Gate.io is not a user friendly exchange which means that anyone using it is likely experienced in crypto. > > New users or first time Metamask users will need to learn to navigate the Plasma bridge which can be both daunting and expensive if you make mistakes. For this reason adoption will stagnate. > > The second issue with MATIC is centralization. According to this article ([https://gettotext.com/polygon-centralized-the-largest-wallets-hold-the-majority-of-the-matic-supply/](https://gettotext.com/polygon-centralized-the-largest-wallets-hold-the-majority-of-the-matic-supply/)) the top 10 addresses hold over 75% of the total supply. That is truly shocking. Is it worth giving up the decentralized aspect of crypto for some gas savings on a poorly designed layer 1 network with bad scalability (Ethereum)? I argue that it is not. > > The final argument against MATIC is more of an argument against its parent chain, Ethereum. Ethereum is currently the most integrated solution in terms of quantity of dapps and DAOs but that is not guaranteed to last forever. In fact, many other networks currently available put most of Ethereum's features to shame. This is simply because Ethereum is a second gen blockchain and newer chains have had ample time and opportunity to address Ethereum's shortcomings. However, Polygon is a scaling solution for Ethereum only and if Ethereum loses market share (which it will regardless of its status as the most adopted smart contract-enabled layer one blockchain) Polygon's usefulness and value will decline. There are too many good alternatives for an expensive and slow chain like Ethereum to maintain its dominance. > > Disclosure: I hold quite a bit of MATIC. Not enough to put me in the top 10, but close (ok not close but I hold a non-zero amount.) I also hold a decent amount of Ethereum which probably makes zero sense to someone reading this argument. I am short term bullish on the usefulness of both networks but I believe they will be replaced long term by more efficient and less expensive networks. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yk4/coin_inquiries_round_polygon_conarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polygon) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/xta3ma/daily_general_discussion_october_2_2022_gmt0/).

Mentions:#MATIC#CEX

Why would you use a CEX when you can use a DEX faster and simpler?

Mentions:#CEX#DEX

How surprising, that's why there's always an inherent risk to keeping cryptos on any CEX.

Mentions:#CEX

Depends what you want to do? There are basically 3 things you can do: 1. Vote on proposals, use them for governance. The current proposal is here: [https://www.reddit.com/r/CryptoCurrency/comments/xrcpuh/ccip040\_limit\_comedy\_posts\_to\_2\_and\_do\_not\_count/](https://www.reddit.com/r/CryptoCurrency/comments/xrcpuh/ccip040_limit_comedy_posts_to_2_and_do_not_count/) 2. Tip other users, press the moon logo next to their username and 'tip moons'. 3. Sell them, on a CEX like MEXC or otherwise. what were you hoping to use them for more specifically?

Mentions:#CEX

Hopefully it ended for now, but you never can be sure. Better keep your coins off CEX.

Mentions:#CEX

There would need to be another catalyst like a large hack or a stable coin failing to have another run of CEX closures

Mentions:#CEX

Really hope so, I been dcaing quite a bit since the June bottom, but I think there may be a potential for another leg down. These Fresh CEX layoffs seems kinda scary to be honest.

Mentions:#CEX

This way, every transaction causes the pool of "untainted" coins to get smaller and smaller effectively killing Defi (only CEX can give you untainted coins now) and simultaneously reducing the pool for supply capped coins. Unless, you stop giving a fuck and continue using it as you were, creating a dual economy.

Mentions:#CEX

PRESS: "They stole millions of dollars worth of investor funds!" CEX: "We will unfortunately have to let them go" PRESS: "But what about the money?" CEX: "That's why we let them go."

Mentions:#CEX

I pay zero transaction fees if I send my rent. Seems questionable BTC can get below that. If you rent abroad, you typically will have a bank account abroad too (excluding stuff like holiday homes, but if you are from eg Egypt and you study in France so you rent a room there, you will have a French bank account). How it adds privacy is really something I don't get. If I pay with my bank account my rent, the landlord knows my bank account. Thats it. Nothing more. With Bitcoin he can see my full Bitcoin holdings. And of course, you can obfuscate that. I can put it through a mixer even, although then the landlord might get pisses if he can't send it to a CEX anymore. But overall I don't see how putting it all on a public ledger makes it harder for the landlord to see my finances. >Renting abroad can be tricky, especially when the landlord and tenant use different currencies. Ah yeah, if you use different currencies, the solution is to use the same currency! But what if the landlord wants Doge and I only got ShibaInu? Then we got different currencies again...

Mentions:#BTC#CEX

This is always the stupidest possible pick. How can it be bought by many new investors when you can't even buy it on a CEX? And it's illegal to hold in many wealthy countries. Where do you think the growth will come from other than privacy nerds and drug dealers?

Mentions:#CEX

Coinbase Pro/Advanced, they have lower fees. They vary if you buy or sell and based on volume. You should double check your DEX fees. I often look around when I make a large purchase and CEXs are often cheaper (including looking at DEX aggregators). They are not always cheaper. The larger the volume, often a CEX or a DEX aggregator is a better option.

Mentions:#DEX#CEX

Coinbase charges .5 and I don't like Binance. Not a fan of CEX in general. My fees on DEX are extremely low.

Mentions:#CEX#DEX

>we wanted to build a secure DEX that leveraged the price discovery and speed of a CEX, whilst giving the user complete control of their funds. Based on what I've read they aim to make it act like a CEX while remaining as a DEX. If they can pull it off it'd be pretty big imo

Mentions:#DEX#CEX

You can do most of the laziest ones on CEX's ( Binance, Coinbase, etc)

Mentions:#CEX

I think CEX is more expensive including Coinbase or others. Maybe like you guys not finding the right DEX. I have not found the right CEX. 🤷‍♂️

Mentions:#CEX#DEX

Typically with a DEX you have a 0.4%-0.6% fee. You can often do it for cheaper on a CEX.

Mentions:#DEX#CEX

DEX over CEX anytime. But everyone has their preference.

Mentions:#DEX#CEX

Moons at $0.134 right now, seem to quitly crawling their way back up after initial CEX listings volatility

Mentions:#CEX

This is a big congrat to the team, the leveraged ETFS are becoming the next star product after futures, and users would want a platform with high liquidity, high performance aswell. I am currently trading ETF on Mexc, a platform that provides one-stop crypto trading services to spots, futures and ETF. Kudos to the CEX.

Mentions:#CEX

Time to start using DeFi! www.KycNOT.me for a list of better CEXs, a few others require KYC but not under 2BTC. If you're on the ETH ecosystem I really like using GMX (Arbitrum) for my perpetuals (swaps/leverage) and DopeX for options. I really recommend GMX, it is flawless imo. No good sense using a CEX when L2's are so cheap now. I'd also recommend finding a P2P site like Localbitcoin (Binance also has a section) and finding someone local that's buying/selling crypto, getting their email, and becoming friends or at least acquaintances. That way if you're ever in a pinch, Coinbase's server is offline again, you can still use your cryptocurrency to cash in/out (and as intended). Some of the nicest people you'll talk to sell crypto P2P, you'll generally know in the first minute of talking if it's worth pursuing a relationship or not.

The big selling point for Ethereum when it was PoW was how decentralized it was across the globe. Now that it's PoS CEX are in custodians of the majority supply. Like it or not, this adds an avenue of attack for regulation. In time, Ethereum will decentralize away from CEX but ONLY after they release everyone's locked up Ethereum and allow holders to move from Coinbase to Bob's Validator. $5 is still outrageous and anyone that thinks that's acceptable should be slapped. Ethereum does have the most established Devs. There's nothing stopping them from going to any EVM solidity based chain and starting up, except the huge fanbase on Ethereum that only exist because it was the first real smart contract platform. Does nobody see how ridiculous this is? We're in an industry that is all about revolutionary tech but we stagnate around outdated, inferior tech because that's where the money is. Solana is a shitcoin. A VC centralized static farm designed to milk retail investors.

Mentions:#CEX#EVM

i think it's mostly because we can't just go to a big known CEX and buy, it's kind of hard for the everyday dude

Mentions:#CEX

If you’re using FTX or any other CEX, take your crypto out of there and put it in your cold wallet or hot wallet - but preferably cold wallet

Mentions:#FTX#CEX

#Polygon Con-Arguments Below is an argument written by MalletSwinging which won 2nd place in the Polygon Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Polygon is a layer 2 scaling solution for Ethereum that grossly reduces gas prices. It does so, however, at some costs which I believe will not make it a good long term play. > > The first issue with MATIC is ease of use. There is one CEX (gate.io) that allows MATIC withdrawals onto the Polygon network. I actually think binance.com might allow this too, but as an American I can only use binance.us which does NOT allow Polygon withdrawals. Gate.io is not a user friendly exchange which means that anyone using it is likely experienced in crypto. > > New users or first time Metamask users will need to learn to navigate the Plasma bridge which can be both daunting and expensive if you make mistakes. For this reason adoption will stagnate. > > The second issue with MATIC is centralization. According to this article ([https://gettotext.com/polygon-centralized-the-largest-wallets-hold-the-majority-of-the-matic-supply/](https://gettotext.com/polygon-centralized-the-largest-wallets-hold-the-majority-of-the-matic-supply/)) the top 10 addresses hold over 75% of the total supply. That is truly shocking. Is it worth giving up the decentralized aspect of crypto for some gas savings on a poorly designed layer 1 network with bad scalability (Ethereum)? I argue that it is not. > > The final argument against MATIC is more of an argument against its parent chain, Ethereum. Ethereum is currently the most integrated solution in terms of quantity of dapps and DAOs but that is not guaranteed to last forever. In fact, many other networks currently available put most of Ethereum's features to shame. This is simply because Ethereum is a second gen blockchain and newer chains have had ample time and opportunity to address Ethereum's shortcomings. However, Polygon is a scaling solution for Ethereum only and if Ethereum loses market share (which it will regardless of its status as the most adopted smart contract-enabled layer one blockchain) Polygon's usefulness and value will decline. There are too many good alternatives for an expensive and slow chain like Ethereum to maintain its dominance. > > Disclosure: I hold quite a bit of MATIC. Not enough to put me in the top 10, but close (ok not close but I hold a non-zero amount.) I also hold a decent amount of Ethereum which probably makes zero sense to someone reading this argument. I am short term bullish on the usefulness of both networks but I believe they will be replaced long term by more efficient and less expensive networks. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yk4/coin_inquiries_round_polygon_conarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polygon) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/xsqkga/monthly_optimists_discussion_october_2022/).

Mentions:#MATIC#CEX

Since you're new in this field, avoid FOMO (fear of missing out) , that's the best advice for you. Fear and greed moves markets (stocks, cryptos, and the like) in the short term, and trying to chase the current emotion can lead to disaster. But overcoming our basic human desires is easier said than done & that's why FOMO is too effective. Another advice could be~try not to get scammed & that's where selecting a better exchange comes first . There are numerous CEXs available, and you can choose one on your own; however, you should choose a CEX where you will not be concerned about your money or investment. Here comes MEXC Global; they have never faced any kind of security breach .

Mentions:#CEX

Sad to see considering they were one of the first Indian CEX's that was established in 2017.

Mentions:#CEX

Long crypto, short the banks! >FLUID, for example, provides users low- fees and an easy way to transact business in cryptocurrency Low fees always win. I remember that was the catalyst that had Binance chain take some market share from Ethereum. As long as users can get the same/near fees experience as on a CEX on any platform, it will grow.

Mentions:#FLUID#CEX

Be careful about going to "risky" exchanges just because they are KYC free There's a lot of negative posts about the various example KYC free exchanges that have been mentioned where allegedly users have had their accounts frozen with no recourse Stay safe :) PS you could always just use a regular mainstream KYC CEX as a fiat on ramp then send the crypto you buy to a paper wallet or hardware wallet for self custody

Mentions:#CEX

The only coin i got staking in a CEX ks Rose at BINANCE because its great apy. Once it runs out, I'll move it to my wallet.

Mentions:#CEX

Thanks! I agree with you CEX failure is a tail risk that must be recognized. I think your strategy makes sense -- you can use some of the practical benefits of exchanges to lower transaction costs, but ultimately the goal should be to move as much as possible to cold storage.

Mentions:#CEX

Thanks. Most of the comments so far are distrustful of CEX in general, but I tend to agree with you -- there are some benefits that make it worth it and risk seems relatively low on a large exchange like Binance

Mentions:#CEX

Yeah I always stake on the native wallet if possible. I have LINK and ROSE on a CEX because I’m waiting for staking for the first, and because withdrawing isn’t available for ROSE yet. I’ll move them both as soon as those problems are solved

Risks are usually not quantifiable in these cases. There is obviously a risk that a CEX would fail, collapse, change the conditions etc. But the question is whether this outweighs the benefits. As with cryptocurrency, you should do some research on the reliability if the exchange to evaluate the risk.

Mentions:#CEX

Yes. As an unskilled, unhumorous shit poster — and while undergoing a FOMO attack — I bought a small bag of moons on a CEX. Easy.

Mentions:#CEX

>They were able to do that because they knew the address they sent the XMR to. No, this is not why he was caught and is also simply untrue to what the protocol does. He would have been caught no matter what he did because he was paid \_\_\_\_ XMR and withdrew \_\_\_\_ XMR to a CEX within a week. Truly makes the dumbest criminals list. ​ meanwhile since we're talking about Ztrash [On the linkability of Zcash transactions](https://arxiv.org/abs/1712.01210) ​ Hopefully Zooko pays you your monthly shill cheque tonight.

Mentions:#XMR#CEX

Oh u mean like binance and EVERY other CEX and DEX in existance. F off.

Mentions:#CEX#DEX

As long as you don't send to a CEX.

Mentions:#CEX

No you are spreading a false narrative about Monero. He was trying to make a deal with an UNDERCOVER agent. He sent it to a CEX that had the same phone number as the number in his NSA employment records. The fact that it was Monero means nothing because he exposed himself. They weren't able to catch him because of Monero...stop spreading fake news.

Mentions:#CEX

He sent the crypto he recieved to Kraken which is a CEX where you do KYC. Monero is practically untraceable. They can't track the Monero but since they sent him payment and he sent that crypto to Kraken it could easily be linked to him.

Mentions:#CEX

You do realize that he was caught because he sent to a CEX right? Nothing to do with Monero... Just for the record Monero > ZCash

Mentions:#CEX

He sent to a CEX where he did KYC so they had all his identification. Even the phone number that was in his NSA employee records.

Mentions:#CEX

I know right like it is laughable. Guy sent his XMR to a CEX thinking he is anonymous.

Mentions:#XMR#CEX

No he didn't. If anybody thinks think him getting caught has anything to do with Monero they didn't read the story. He sent to a CEX where he did KYC. Nothing to do with XMR no need to spread a false narrative.

Mentions:#CEX#XMR

I hope Kraken don't get eaten up by an even large beast in the Crypto waters .... I'm looking at you BlackRock I wonder what is the natural predator for a Kraken ? I'm waiting for Kraken Rum & Kraken CEX to do a joint project ! :)

Mentions:#CEX

This just means the roof will be harder to lift lol, a lot of people will sell as it goes up, hodler doesnt mean higher price, just stability I guess at the moment, especially on bitcoin, atleast with Eth you can buy Angelblock or invest it, bitcoin can't do that, just P2P stuff or on CEX when you do this kinda analysis you gotta check more than just bitcoin

Mentions:#CEX

Near looks very promising, I'm slowly loading bags during this time. My only problem is they have many links to various wallets,.but I believe I read,.on their website, they don't endorse any of them, yet, which kinda turned me off of moving my Near off a CEX, but hopefully soon that will be resolved though. Other than that nearcon seemed to have some pretty exciting news so I can't wait to see what's in nears future.

Mentions:#CEX

Fuck dude this sucks! Reason why i dont touch anything besides a CEX and send it to my wallet, i’m prolly missing out on gains but it id what it is.

Mentions:#CEX

Let's pretend this is real. Can't OP just keep it? Someone else's error and this ain't on a CEX where they can claw it back. I imagine the first step would be to get a tax attorney/accountant involved and then after that, live a great life?

Mentions:#OP#CEX

#Polygon Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Polygon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Background - Polygon is many-sided**. There's the main Polygon PoS network that acts as a sidechain to Ethereum, and then there are so many side projects, many of which deal with Layer 2: > > - MATIC: The main Polygon token, which is present on multiple networks > - Polygon PoS: The main Ethereum side-chain network that most are familiar with. It saves checkpoint state on the Ethereum network every [256 blocks (5 minutes)](https://research.binance.com/en/projects/matic-network). > - Polygon [Hermez](https://docs.hermez.io/#start-here-for-hermez-10-documentation): ZK-rollup Ethereum Layer 2 > - Polygon [Zero](https://blog.polygon.technology/introducing-plonky2/): A fast ZK-stark/ZK-snark hybrid solution built on the Plonky2 protocol. It proofs are theoretically [100x faster than current ZK proof calculations](https://blog.polygon.technology/zkverse-polygons-zero-knowledge-strategy-explained/). > - Polygon [Miden](https://blog.polygon.technology/polygon-announces-polygon-miden-a-stark-based-ethereum-compatible-rollup/): Stark-based ZK-rollup Ethereum layer 2 > - Polygon [Nightfall](https://blog.polygon.technology/zk-proofs-protocol-polygon-nightfall-launches-on-testnet-to-provide-low-cost-private-ethereum-transaction/): Enterprise version of Polygon that uses "ZK-Optimistic Rollups" (ZK proof for privacy and optimistic-rollup for scalability) > - Polygon Avail: Standalone network or side-chain solution > - Polygon Plasma Bridge: A legacy bridge that shouldn't be used anymore. > > This post will mainly focus on the Polygon PoS network. > > ------------------ > > **PROs** > > **Much faster and cheaper to use than Layer 1 Ethereum** > > The main benefit of using the Polygon PoS network is that it's an Ethereum side chain that provides faster and cheapers transactions for Ethereum tokens. It can process 1K-10K TPS with a [2-second average block time](https://polygonscan.com/chart/blocktime), which also has deterministic finality. The base fee is only 30 Gwei, and the total transaction fees hovers between [$0.1 to $0.5 USD](https://polygonscan.com/chart/transactionfee) (~4M transactions, ~30k total MATIC fees per day). > > This is also much cheaper than [optimistic rollups](https://l2fees.info/). > > **Largest Layer 2 network adoption** > > Among all the Layer 2 Ethereum solutions, Polygon PoS is completely ahead of every other competitor in terms total locked value with a [$4.8B USD market cap](https://defillama.com/chain/Polygon) (Jan 2021), compared to [$5.4 USD **Combined** Total Locked Value (TLV)](https://l2beat.com/) for the next 10 largest Layer 2 rollup solutions. Note that this does not include the $12B market cap of the MATIC token since that's a coin/token on multiple networks. DeFi support for Polygon is massive. > > One of the main issues with Layer 2 is that most are currently walled gardens with lackluster CEX/CeFi support for on/offramps. After all, the main benefit of lower fees on Layer 2 is lost if you can't on/offramp directly. Polygon is also ahead of competition here with support from Crypto_dot_com, Nexo, Binance (international), and Kucoin. Celsius Network will also have support mid-February. > > Polygon PoS is the only other large network besides Ethereum currently [https://support.opensea.io/hc/en-us/articles/4404027708051-Which-blockchains-does-OpenSea-support-](supported on OpenSea). > > **Weak competition** > > There are so many Ethereum Layer 2 competitors, but nearly all of them are rollups. Polygon PoS works differently in that it's a separate network where the state of the network is stored on Ethereum every 256 blocks. Thus, it doesn't directly compete with them. > > In addition, it also doesn't compete directly with Ethereum killers (ALGO, SOL, ETH, ADA, EGLD, etc.) in that it's designed as a side chain specifically for Ethereum. It shares popularity and as Ethereum grows. > > **Shares Ethereum developer tools** > > Polygon and Ethereum share similar EVM development tools (including Solidity and Vyper), so it's easy for Ethereum's large number of devs to develop for Polygon. > > Many Layer 2 rollups have yet to roll out EVM support while Polygon PoS is already battle-tested. > > **Abundance of research** > > For better or worse, Polygon is working on multiple Layer 2 solutions and constantly researching different protocols. Polygon Zero in particular provides [extremely-fast ZK proofs](https://blog.polygon.technology/zkverse-polygons-zero-knowledge-strategy-explained/), and its technology might become the future leader for ZK rollups. > > ------------------ > > Disclaimer: I currently do not own any MATIC. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yjj/coin_inquiries_round_polygon_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polygon) to find arguments on this topic in other rounds.

What possible incentive would a CEX have to chase away the customers who bring them the greatest profits?

Mentions:#CEX

Lol Download coinomi and click ‘sweep wallet’ , that essentially loads the BTC from your paper wallet to your coinomi wallet. Then just sent your BTC to any CEX of your choice to spend. Paper wallets are extremely easy to spend …

Mentions:#BTC#CEX

You should have all your crypto platforms NFTS market places, DEFI, CEX etc bookmarked.

I used the API directly from the CEX and imported via TurboTax (I think they use Cointracker) It’s still kinda inaccurate and requires manual work. But 80%+ of transactions were imported successfully My main concern was making sure all my big profit sales were accounted for. I want NO problems with the IRS. NONE.

Mentions:#API#CEX

#Polygon Con-Arguments Below is an argument written by MalletSwinging which won 2nd place in the Polygon Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Polygon is a layer 2 scaling solution for Ethereum that grossly reduces gas prices. It does so, however, at some costs which I believe will not make it a good long term play. > > The first issue with MATIC is ease of use. There is one CEX (gate.io) that allows MATIC withdrawals onto the Polygon network. I actually think binance.com might allow this too, but as an American I can only use binance.us which does NOT allow Polygon withdrawals. Gate.io is not a user friendly exchange which means that anyone using it is likely experienced in crypto. > > New users or first time Metamask users will need to learn to navigate the Plasma bridge which can be both daunting and expensive if you make mistakes. For this reason adoption will stagnate. > > The second issue with MATIC is centralization. According to this article ([https://gettotext.com/polygon-centralized-the-largest-wallets-hold-the-majority-of-the-matic-supply/](https://gettotext.com/polygon-centralized-the-largest-wallets-hold-the-majority-of-the-matic-supply/)) the top 10 addresses hold over 75% of the total supply. That is truly shocking. Is it worth giving up the decentralized aspect of crypto for some gas savings on a poorly designed layer 1 network with bad scalability (Ethereum)? I argue that it is not. > > The final argument against MATIC is more of an argument against its parent chain, Ethereum. Ethereum is currently the most integrated solution in terms of quantity of dapps and DAOs but that is not guaranteed to last forever. In fact, many other networks currently available put most of Ethereum's features to shame. This is simply because Ethereum is a second gen blockchain and newer chains have had ample time and opportunity to address Ethereum's shortcomings. However, Polygon is a scaling solution for Ethereum only and if Ethereum loses market share (which it will regardless of its status as the most adopted smart contract-enabled layer one blockchain) Polygon's usefulness and value will decline. There are too many good alternatives for an expensive and slow chain like Ethereum to maintain its dominance. > > Disclosure: I hold quite a bit of MATIC. Not enough to put me in the top 10, but close (ok not close but I hold a non-zero amount.) I also hold a decent amount of Ethereum which probably makes zero sense to someone reading this argument. I am short term bullish on the usefulness of both networks but I believe they will be replaced long term by more efficient and less expensive networks. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yk4/coin_inquiries_round_polygon_conarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polygon) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/xp0c4c/daily_general_discussion_september_27_2022_gmt0/).

Mentions:#MATIC#CEX

Always take reviews with a grain of salt. Disgruntled people are far more likely to post something negative than satisfied people are to post something positive. As long as you aren't doing anything shady your account won't be locked. While a CEX may be a bigger target for hacking, they also have far more security protecting assets than regular people do in a personal wallet.

Mentions:#CEX

CEX are not safe becuase you do not have control of your keys.

Mentions:#CEX

I think the likelihood that your account being frozen by a CEX is very minimal if there is nothing extraordinary with your account. Still, as long as it's not your wallet, it's not your asset fully. So you can never fully trust them.

Mentions:#CEX

#Polygon Con-Arguments Below is an argument written by MalletSwinging which won 2nd place in the Polygon Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Polygon is a layer 2 scaling solution for Ethereum that grossly reduces gas prices. It does so, however, at some costs which I believe will not make it a good long term play. > > The first issue with MATIC is ease of use. There is one CEX (gate.io) that allows MATIC withdrawals onto the Polygon network. I actually think binance.com might allow this too, but as an American I can only use binance.us which does NOT allow Polygon withdrawals. Gate.io is not a user friendly exchange which means that anyone using it is likely experienced in crypto. > > New users or first time Metamask users will need to learn to navigate the Plasma bridge which can be both daunting and expensive if you make mistakes. For this reason adoption will stagnate. > > The second issue with MATIC is centralization. According to this article ([https://gettotext.com/polygon-centralized-the-largest-wallets-hold-the-majority-of-the-matic-supply/](https://gettotext.com/polygon-centralized-the-largest-wallets-hold-the-majority-of-the-matic-supply/)) the top 10 addresses hold over 75% of the total supply. That is truly shocking. Is it worth giving up the decentralized aspect of crypto for some gas savings on a poorly designed layer 1 network with bad scalability (Ethereum)? I argue that it is not. > > The final argument against MATIC is more of an argument against its parent chain, Ethereum. Ethereum is currently the most integrated solution in terms of quantity of dapps and DAOs but that is not guaranteed to last forever. In fact, many other networks currently available put most of Ethereum's features to shame. This is simply because Ethereum is a second gen blockchain and newer chains have had ample time and opportunity to address Ethereum's shortcomings. However, Polygon is a scaling solution for Ethereum only and if Ethereum loses market share (which it will regardless of its status as the most adopted smart contract-enabled layer one blockchain) Polygon's usefulness and value will decline. There are too many good alternatives for an expensive and slow chain like Ethereum to maintain its dominance. > > Disclosure: I hold quite a bit of MATIC. Not enough to put me in the top 10, but close (ok not close but I hold a non-zero amount.) I also hold a decent amount of Ethereum which probably makes zero sense to someone reading this argument. I am short term bullish on the usefulness of both networks but I believe they will be replaced long term by more efficient and less expensive networks. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yk4/coin_inquiries_round_polygon_conarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polygon) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/xp0c4c/daily_general_discussion_september_27_2022_gmt0/).

Mentions:#MATIC#CEX

#Polygon Con-Arguments Below is an argument written by MalletSwinging which won 2nd place in the Polygon Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Polygon is a layer 2 scaling solution for Ethereum that grossly reduces gas prices. It does so, however, at some costs which I believe will not make it a good long term play. > > The first issue with MATIC is ease of use. There is one CEX (gate.io) that allows MATIC withdrawals onto the Polygon network. I actually think binance.com might allow this too, but as an American I can only use binance.us which does NOT allow Polygon withdrawals. Gate.io is not a user friendly exchange which means that anyone using it is likely experienced in crypto. > > New users or first time Metamask users will need to learn to navigate the Plasma bridge which can be both daunting and expensive if you make mistakes. For this reason adoption will stagnate. > > The second issue with MATIC is centralization. According to this article ([https://gettotext.com/polygon-centralized-the-largest-wallets-hold-the-majority-of-the-matic-supply/](https://gettotext.com/polygon-centralized-the-largest-wallets-hold-the-majority-of-the-matic-supply/)) the top 10 addresses hold over 75% of the total supply. That is truly shocking. Is it worth giving up the decentralized aspect of crypto for some gas savings on a poorly designed layer 1 network with bad scalability (Ethereum)? I argue that it is not. > > The final argument against MATIC is more of an argument against its parent chain, Ethereum. Ethereum is currently the most integrated solution in terms of quantity of dapps and DAOs but that is not guaranteed to last forever. In fact, many other networks currently available put most of Ethereum's features to shame. This is simply because Ethereum is a second gen blockchain and newer chains have had ample time and opportunity to address Ethereum's shortcomings. However, Polygon is a scaling solution for Ethereum only and if Ethereum loses market share (which it will regardless of its status as the most adopted smart contract-enabled layer one blockchain) Polygon's usefulness and value will decline. There are too many good alternatives for an expensive and slow chain like Ethereum to maintain its dominance. > > Disclosure: I hold quite a bit of MATIC. Not enough to put me in the top 10, but close (ok not close but I hold a non-zero amount.) I also hold a decent amount of Ethereum which probably makes zero sense to someone reading this argument. I am short term bullish on the usefulness of both networks but I believe they will be replaced long term by more efficient and less expensive networks. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yk4/coin_inquiries_round_polygon_conarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polygon) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/xp0c4c/daily_general_discussion_september_27_2022_gmt0/).

Mentions:#MATIC#CEX

#Polygon Con-Arguments Below is an argument written by MalletSwinging which won 2nd place in the Polygon Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Polygon is a layer 2 scaling solution for Ethereum that grossly reduces gas prices. It does so, however, at some costs which I believe will not make it a good long term play. > > The first issue with MATIC is ease of use. There is one CEX (gate.io) that allows MATIC withdrawals onto the Polygon network. I actually think binance.com might allow this too, but as an American I can only use binance.us which does NOT allow Polygon withdrawals. Gate.io is not a user friendly exchange which means that anyone using it is likely experienced in crypto. > > New users or first time Metamask users will need to learn to navigate the Plasma bridge which can be both daunting and expensive if you make mistakes. For this reason adoption will stagnate. > > The second issue with MATIC is centralization. According to this article ([https://gettotext.com/polygon-centralized-the-largest-wallets-hold-the-majority-of-the-matic-supply/](https://gettotext.com/polygon-centralized-the-largest-wallets-hold-the-majority-of-the-matic-supply/)) the top 10 addresses hold over 75% of the total supply. That is truly shocking. Is it worth giving up the decentralized aspect of crypto for some gas savings on a poorly designed layer 1 network with bad scalability (Ethereum)? I argue that it is not. > > The final argument against MATIC is more of an argument against its parent chain, Ethereum. Ethereum is currently the most integrated solution in terms of quantity of dapps and DAOs but that is not guaranteed to last forever. In fact, many other networks currently available put most of Ethereum's features to shame. This is simply because Ethereum is a second gen blockchain and newer chains have had ample time and opportunity to address Ethereum's shortcomings. However, Polygon is a scaling solution for Ethereum only and if Ethereum loses market share (which it will regardless of its status as the most adopted smart contract-enabled layer one blockchain) Polygon's usefulness and value will decline. There are too many good alternatives for an expensive and slow chain like Ethereum to maintain its dominance. > > Disclosure: I hold quite a bit of MATIC. Not enough to put me in the top 10, but close (ok not close but I hold a non-zero amount.) I also hold a decent amount of Ethereum which probably makes zero sense to someone reading this argument. I am short term bullish on the usefulness of both networks but I believe they will be replaced long term by more efficient and less expensive networks. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yk4/coin_inquiries_round_polygon_conarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polygon) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/xp0c4c/daily_general_discussion_september_27_2022_gmt0/).

Mentions:#MATIC#CEX

#Polygon Con-Arguments Below is an argument written by MalletSwinging which won 2nd place in the Polygon Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Polygon is a layer 2 scaling solution for Ethereum that grossly reduces gas prices. It does so, however, at some costs which I believe will not make it a good long term play. > > The first issue with MATIC is ease of use. There is one CEX (gate.io) that allows MATIC withdrawals onto the Polygon network. I actually think binance.com might allow this too, but as an American I can only use binance.us which does NOT allow Polygon withdrawals. Gate.io is not a user friendly exchange which means that anyone using it is likely experienced in crypto. > > New users or first time Metamask users will need to learn to navigate the Plasma bridge which can be both daunting and expensive if you make mistakes. For this reason adoption will stagnate. > > The second issue with MATIC is centralization. According to this article ([https://gettotext.com/polygon-centralized-the-largest-wallets-hold-the-majority-of-the-matic-supply/](https://gettotext.com/polygon-centralized-the-largest-wallets-hold-the-majority-of-the-matic-supply/)) the top 10 addresses hold over 75% of the total supply. That is truly shocking. Is it worth giving up the decentralized aspect of crypto for some gas savings on a poorly designed layer 1 network with bad scalability (Ethereum)? I argue that it is not. > > The final argument against MATIC is more of an argument against its parent chain, Ethereum. Ethereum is currently the most integrated solution in terms of quantity of dapps and DAOs but that is not guaranteed to last forever. In fact, many other networks currently available put most of Ethereum's features to shame. This is simply because Ethereum is a second gen blockchain and newer chains have had ample time and opportunity to address Ethereum's shortcomings. However, Polygon is a scaling solution for Ethereum only and if Ethereum loses market share (which it will regardless of its status as the most adopted smart contract-enabled layer one blockchain) Polygon's usefulness and value will decline. There are too many good alternatives for an expensive and slow chain like Ethereum to maintain its dominance. > > Disclosure: I hold quite a bit of MATIC. Not enough to put me in the top 10, but close (ok not close but I hold a non-zero amount.) I also hold a decent amount of Ethereum which probably makes zero sense to someone reading this argument. I am short term bullish on the usefulness of both networks but I believe they will be replaced long term by more efficient and less expensive networks. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yk4/coin_inquiries_round_polygon_conarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polygon) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/xp0c4c/daily_general_discussion_september_27_2022_gmt0/).

Mentions:#MATIC#CEX

What about the CEX’s? KuCoin are just blatant thieves. And what about the others that have already fallen, how many more to go?

Mentions:#CEX

I'm lazy, and its a small bag, so I'm staking on CEX for 15%. But yes, I think any project thats still actually developing their product in the bear market will make forward movements during the bull.

Mentions:#CEX

Needs to move them to a CEX or else how will he get fiat.

Mentions:#CEX

I don’t know if it’s the case for all of them but I’ve seen some crypto announcing their listing on a CEX, and when it happened they transferred a bit amount of coins to that CEX.

Mentions:#CEX

CEX•IO doesn’t require any activation fee. Please make sure to contact only official support team either via chat on the website or at support@cex.io. Whoever asks you to pay the activation fee is a scammer and has NO relation to CEX•IO.

Mentions:#CEX

They keep their selective enforcement options as open as possible. IIRC CDC removed the earn programs from the US for similar reasons. Honestly, if I were working on Nexo strategy I would keep all services the same and cancel the earn programs in the US, with a notification: “the rest of the world has earn programs with 10% APY*, and your politicians decided that you cannot have it, despite our best efforts to comply with their spitefully obfuscated rules.” Well, I guess that's why I'll never be even remotely close to anything like a CEX strategy. In the end, US politicians are creating a moat (competitive advantage) for decentralized services. By fighting what they perceive as vulnerable enemies they are reinforcing what they might perceive as stronger enemies. They are setting themselves up for desperate measures like a complete crypto ban (as seen in China). Meanwhile, euro and pound are free falling; suggesting millions of people to hold anything else. I could spend hours discussing perspectives on this. The second order consequences of the impact on future incentives resulting from actions taken according to current incentives is just… fascinating. Enough for now. HAND. \* or whatever.

Mentions:#CEX#HAND

11% of ETH is staked in 400,000 validators, estimated to be ~200,000 people. 70% of ADA is staked in 40 delegates, many delegates run publically multiple pools, no one knows which pools they don't admit to, but it's fewer than 40 people. Those are not the same thing, and only shows how absurdly decentralized ETH would be with 70% at stake. You're confusing staking with proof of stake. You can *stake* by converting into stablecoins or lending coins to a CEX, but that's not what people are referring to when they talk about blockchain security (the intention of POS). Only people with something to lose have anything at stake in POS, in ADA's dPOS that's only the delegate. In ADA you don't stake since you aren't putting up something you could lose, you are simply voting. Votes are counted using ADA (ie $$) and given to a delegate as power. That means 70% of ADA is in voting, not staking. If you're simply comparing APR you can make from your coins you may as well measure how much ETH is actually in *stake* by combining all the different validator pools, governance tokens, DeFi applications, and solo validators, to how much $ADA is generating APR. I'd guess probably 70% of ETH is staking in some form now even if only 10% is working on *proof of* stake.

Mentions:#ETH#ADA#CEX

Adds up, these days even some CEXs have higher interest rates on stablecoins than DeFi apps. The drawback is that you have to keep your stables on a CEX.

Mentions:#CEX

Fair enough, I can see why, thats why I prefer staking my KDX on the dex lol rather than keeping it on a CEX, no risk of regulatory shit happening, though it would seem like so, the team that made it already covered the bases needed also PoS staking and PoW mining is more risk free than CEX if you wanna keep your returns alright

Mentions:#KDX#CEX

Would still comfortably be staking on Guarda Wallet because I own the keys and it's quite easy. Don't need CEX in my life Lol

Mentions:#CEX

I'm saying they literally dont know ANYYHING. All they know is I on ramped money through CEX and transferred it to a DEX...which has nothing except encrypted email, 2FA, fake name. I'm a long term holder so I'd only pay long term taxes when I sell anyway.

Mentions:#CEX#DEX

I thought that's why we have these ledgers to begin with. Now we're back to square 1, regulating CEX's? People doing people stuff lmao.

Mentions:#CEX

Thanks! It is important to know what type of wallet to use to best suit what you are trying to do with cryptocurrency. Wheter it be long term holdings or daily transactions. For sure! Most people just download Coinbase and Binance and just start stacking crypto on these CEX.

Mentions:#CEX

I dont see the point in keeping your coins on any CEX... Theyve already proven that if they go down, theyre taking your money with them... The staking rewards are a pittance vs the self custody rewards. Use coinbase, buy your coins then send them off to self custody... Its liberating and relieving

Mentions:#CEX

I love that BNB is built using the Cosmos SDK. There is no better endorsement than having the biggest CEX use your software

Mentions:#BNB#CEX
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