How To Make Money On Exchanges Going Bankrupt❓

• Yello, ladies and gentlemen🍷😎

💎As professional traders, we must keep adapting to the current market situations and find opportunities where others may think there are no. When everything falls or dies, it always creates a space for something else to grow and alive.

💎If you have been with us long enough, you know that we have been full supporters of Binance from the beginning.

💎Binance is the only exchange with another two, which we mentioned in this 📰MCPnews post, that we fully trust with our money.

💎But Still, these exchanges are centralised, almost fully regulated and act as a bank; the money you have there is not actually yours. This is not what Bitcoin was made for. And people finally start realising that no exchange, no matter how legit it looks, can not be fully trusted.

💎FTX is not the only and first one that went insolvent during a bear market due to lousy risk management. There was Mt Gox in 2014, Envion AG, Quadriga in 2018 and others… FTX is also definitely not the last one.

💎Gate io and Crypto com, for example, currently facing some shady problems as well. We explained this issue in depth for you in🕊this tweet, where we also mentioned that the global “run on exchanges” can be incoming.

🎖🎓Now that we understand the problems with centralised and mainstream exchanges where third parties run a significant role in whose your crypto is and how much power you have above your money, we can start looking for some solutions and money-making opportiunties.

💎As always, black would not exist without white, and this situation is no different because decentralised exchanges and wallets exist.

💎On DEX, you can remain anonymous, be the boss of your coins and money and trade securely.

💎SafePal is hands down one of the best software wallets; it also can be a hardware wallet if you buy their device.

💎It is backed by🔶Binance which gives the team behind SafePal credibility; the only downside is that their source code is not entirely open yet, but it has its advantages as well, as in the not-that-old code might still be some vulnerable spots and hackers could disuse that.

💎With the turmoil and fear surrounding centralised exchanges, people will continue to look for alternatives, and start realising more and more that SafePal will be one of the best choices. You have complete control of your coins with your private keys on software or hardware, plus SafePal allows you to access DEFI exchanges where you can securely trade crypto anonymously.

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