Heads up: Centurion Invest’s token’s public sale is live

Centurion Invest is a crypto exchange that combines a traditional wallet with the features of an exchange, including ETFs, stock trading and of course crypto trading.


After signing in (there’s a 1,000 CIX bonus), you can bake your own cake or you can subscribe to one of the pre-cooked programmes, depending on how much funds you can, or want to, allocate: baby shark, shark and whale.


They also have a Visa card that gives you the various perks you expect in the crypto world, including loyalty programmes and cashback. I have been using the platform for a few days now, after discovering it at the Tomorrow Conference in Belgrade a little over a week ago, but I’ve yet to order the card.


I’ve had the opportunity to talk to the founder at the conference and the project is intriguing. Plus, I’ve got around 50+ crypto-related apps on my phone. So one more can’t hurt.


CIX is the platform’s native token (ERC-20) and it is currently worth around $0.02 with a total supply of 2,400,000,000. The public sale goes live tomorrow, May 25th.



I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13

Doge: DD7use8x8Zw37XumJcwQxfkiqYR4eo5pjF


Use this link to get a discount on Undone Watches

Use this link to get a discount on your first Glovo order

Use this link to get up to $250 in crypto on your first deposit on BlockFi

Use these links to get free crypto on your deposit CoinbaseCrypto.com or Binance

Use this link to get free diamonds use my CoinmarketCap code

Everyone is calling for crypto regulation in the European Union, but who’s the regulator?

The European Union is not a country. It isn’t a state, it isn’t a geopolitical entity. It is a forum, a virtual table around which 27 sovereign countries sit and discuss. These countries have vastly different interests and priorities and this is by far and away the biggest reason why the EU is in a bad shape.


These 27 countries, with different degrees of strength, are satellites of the United States.


In short, European Union countries just do what the United States allows them to do. Nothing more, nothing less. This becomes glaringly obvious when representatives of the Union are regularly snubbed during international meetings.


The media love to say it has to do with manners but that’s just red herring. The EU isn’t a company and the chairman isn’t a CEO. This is the reason why high-ranking EU officials consistently bash crypto without actually doing anything about it.


That’s because, for the most part, they can’t.


The EU is desperate to save the EURO, which is beginning to look like a failed project, but everytime they propose a new law and pass a new bill, the crypto market goes: “oh no! anyway”, and just carries on.


Within the boundaries of the European Union, you have countries that are at the forefront when it comes to crypto like Slovenia and Portugal, and you also have countries that simply ignore it, like Italy, mostly because they’ve no idea what it is or how it works.


Crypto won’t exactly self-regulate, but because of the way it works, it will keep on playing by its own rules, gradually (and slowly) bending regulators around it.


I am, whether I like it or not, a citizen of the European Union, even though I no longer live in an EU country. There are things about this entity that I quite like – freedom of movement (and trade) is certainly one of those – and others I don’t really like.


But that’s the beauty of crypto. At the end of the day, my opinion doesn’t matter. It doesn’t make a difference. And that’s true for me, you, and at a fundamental level, even for the president of European Commission.



I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13

Doge: DD7use8x8Zw37XumJcwQxfkiqYR4eo5pjF


Use this link to get a discount on Undone Watches

Use this link to get a discount on your first Glovo order

Use this link to get up to $250 in crypto on your first deposit on BlockFi

Use these links to get free crypto on your deposit CoinbaseCrypto.com or Binance

Use this link to get free diamonds use my CoinmarketCap code

Tomorrow Conference Belgrade, the largest Metaverse meetup in Europe, Day 1

The Belexpocentar is located in an area of Belgrade that looks like it was developed yesterday. That’s because it more or less was. You’ll find it on the south-west side of a long and wide avenue that runs from the West Gate Tower to the river.


Around it, and on either side of it, there’s a collection of modern, aluminium- and glass-made buildings and facilities. On the opposite end of the very same avenue, a collection of brutalist residential buildings made from concrete. It’s an interesting juxtaposition, and it defines the architecture of Belgrade.



Day one is usually spent looking for an answer to the question: “who’s here?”


Tether founder Craig Sellars is here, along with Tanja Bivic Plankar, President of Blockchain Alliance Europe, along with Dusan Kovacevic, founder and CEO of Exit Festival.


Dogma, one of Belgrade’s major brewing companies, is also here. And I know this because I’m having a craft lager they specifically created for the event called ‘TMRW’.


And when I say “I’m having A craft lager”, I mean I’m having “multiple” craft lagers.


The crypto space is a multi-trillion-dollar market that started from a spark called Bitcoin in 2009 but the truth is the crypto market as we know, with a million different projects and ideas and people talking about them, is the direct result of the crypto crash of early 2018.


When Bitcoin briefly reached $20,000 before crashing over 80%, people began paying attention, even though it was for the wrong reasons and it created the foundation for a market that’s a lot more solid, and is getting bigger and more relevant.


I’m here because I live here, but other people – most of them, actually – came here precisely for this conference. Most of them had never seen Serbia before and this tells you everything you need to know about crypto.


Crypto will shape its own regulations and determine its own geography based on governments’ reaction. Slovenia, Portugal and Serbia, for example, are more relevant in the crypto world than Italy, France or even Germany because they moved faster, reacted more quickly.


The Tomorrow Conference will take place again, in Belgrade, one year from now. And that leaves me with two questions: will Terra (LUNA) still exist? And will the TMRW lager still be available?



I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, Xmr, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Xmr: 8BZ1CtEoQsu1AekeSRmum5Y9o15RGjnbGbY34EertEYxYtXLsTwsH4bHQQrDf1Azz2du9h6NucR5aTxtMHpKRH38QhCkDu6

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13

Doge: DD7use8x8Zw37XumJcwQxfkiqYR4eo5pjF


Use this link to get a discount on Undone Watches

Use this link to get a discount on your first Glovo order

Use this link to get up to $250 in crypto on your first deposit on BlockFi

Use these links to get free crypto on your deposit CoinbaseCrypto.com or Binance

Use this link to get free diamonds use my CoinmarketCap code

Alfa Romeo F1 team just signed a massive deal with Vauld, a Singapore-based crypto firm

F1 cars are becoming posters and banners for crypto companies, which is hardly surprising because many crypto exchanges and platforms out there have got plenty of cash and are 100% invested in growing their customer base. Alfa Romeo – officially known as ‘Alfa Romeo F1 Team Orlen’ is the latest team to join the crypto frenzy after Mercedes, Ferrari and Red Bull, signing a deal with a crypto exchange called VAULD.


Based out of Singapore (just like Bybit, which recently finalised a $150 mln deal with Red Bull F1, ed.), Vauld was founded in 2018 and it allows you to store, buy, lend, borrow and trade cryptos.


Their rates are competitive but not spectacular, the APY on Bitcoin, for example, is 6.70%, while stablecoins such as DAI, USDT, TUSD and USDP guarantee an APY of 12.68%. The platform also allows trading and borrowing (up to an LTV of 66.67%).


Alfa Romeo F1 Team Principal Frédéric Vasseur said that “the world of cryptocurrencies and the blockchain technologies are huge markets with a technical complexity that makes them particularly interesting”, and his words were echoed by Darshan Bathija, CEO and Co-founder of Vauld, who added: “Our mission is to accelerate the transition to decentralised money and we’re glad to join forces because it’s a massive step in that direction.”


I agree. And might I add, we faster we get there, the better.



I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, Xmr, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Xmr: 8BZ1CtEoQsu1AekeSRmum5Y9o15RGjnbGbY34EertEYxYtXLsTwsH4bHQQrDf1Azz2du9h6NucR5aTxtMHpKRH38QhCkDu6

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13

Doge: DD7use8x8Zw37XumJcwQxfkiqYR4eo5pjF


Use this link to get a discount on Undone Watches

Use this link to get a discount on your first Glovo order

Use this link to get up to $250 in crypto on your first deposit on BlockFi

Use these links to get free crypto on your deposit CoinbaseCrypto.com or Binance

Use this link to get free diamonds use my CoinmarketCap code

Institutions say they want to regulate bitcoin? Yeah but first they need to understand it

I don’t expect institutions, banks and governments to understand bitcoin and blockchain technology but they should give one of those clever consultants they overpay something to do, so they can look into it and relay the information. If you’re a head of state and you want to regulate cryptocurrencies, the first thing you should do is hire somebody who understands it, and that person will come back to your office and tell you very clearly, and calmly, what you can or cannot do with crypto. And almost everything will be a binary option.


“So I heard bitcoin is limited to 21 million, I want to change it to 22 million”

“Not possible, sir”

“Why?”

“Because you can’t mandate your way around math.”


The more you know and the more you realise that almost everything you can or can’t do with bitcoin and blockchain technology is essentially written in the code. Governments should know, for example, that they can regulate a crypto exchange but they can’t regulate an actual transaction. They can’t stop it, they can’t reverse it, intercept it.


The problem – for them – is that they’re so used to getting their own way that they can strong-arm everyone and anyone by power of legislation, but that’s not that esy with crypto. Some governments probably already know this, and that’s why they’re jumping on the bandwagon and trying to get their cut. Others keep using the word “ban”. Good luck with that.



I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, Xmr, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Xmr: 8BZ1CtEoQsu1AekeSRmum5Y9o15RGjnbGbY34EertEYxYtXLsTwsH4bHQQrDf1Azz2du9h6NucR5aTxtMHpKRH38QhCkDu6

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13

Doge: DD7use8x8Zw37XumJcwQxfkiqYR4eo5pjF


Use this link to get a discount on Undone Watches

Use this link to get a discount on your first Glovo order

Use this link to get up to $250 in crypto on your first deposit on BlockFi

Use these links to get free crypto on your deposit Coinbase, Crypto.com or Binance

Use this link to get free diamonds use my CoinmarketCap code

Crypto.com metal card, is it worth it?

Crypto.com has a huge marketing budget, you may have noticed because their ads are absolutely ubiquitous, and with the upcoming Super Bowl commercial, I expect the CRO price to go up, and that’s the reason why I’m considering upgrading from my ‘poor man’ (it’s okay if I say it about myself, I guess) plastic card (1% cryptoback) to the metal card with 2% cryptoback. In order to do that, I would need to top up my account to the tune of $350 (in CRO) and stake the amount for 180 days.


Six months. That’s a long time, but I believe that the market is always going up so short of a catastrophic unknown unkownable, CRO will still be worth at least as much, if not more, in 6 months. Plus staking rewards.


So far, I’ve had a good experience with the Crypto.com card. I basically top it up with another debit card (FIAT to FIAT) and then use it for everything. We’ll see. I guess I’ll study the benefits and the benefit-risk ratio a bit more and then make a decision.


What about you? Do you use the Crypto.com card? Let me know



I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, Xmr, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Xmr: 8BZ1CtEoQsu1AekeSRmum5Y9o15RGjnbGbY34EertEYxYtXLsTwsH4bHQQrDf1Azz2du9h6NucR5aTxtMHpKRH38QhCkDu6

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13

Doge: DD7use8x8Zw37XumJcwQxfkiqYR4eo5pjF


Use this link to get a discount on Undone Watches

Use this link to get a discount on your first Glovo order

Use this link to get up to $250 in crypto on your first deposit on BlockFi

Use these links to get free crypto on your deposit Coinbase or Binance

Use this link to get free diamonds use my CoinmarketCap code

3 crypto mistakes people should stop making

I apologise for the slightly clickbaity headline, I learnt from a soon-to-be former colleague writing about cars, but I digress. The point is, there are a few things that people do in crypto that really, truly, honestly get my goat. In fact, I have a favour to ask, if you think these aren’t mistakes, please do feel free to write in the comments why, and if you have anything to add, I’d also appreciate if you could let me and readers know in the comments.


1. Using ‘stop loss’ for Crypto is like trying to empty a bathtub full of water with a teanspoon


This is personal: I hate the ‘stop loss’ feature on exchange platforms. By definition, hate is irrational, but if I had to apply logy and rationality to the reason why I hate it, I’d tell you that it’s because I don’t want to ‘stop’ my ‘losses’ because that would imply that that particular asset won’t go up again, and if I picked an asset that won’t go up again after going down, it means I made the wrong investment.


I personally don’t trade cryptos – like, at all – I don’t even sell, but applying the SL method to crypto is crazy, because crypto is volatile and it means that the risk of triggering a stop loss and lose money is too high, whereas you could simply wait and sell, manually, once it goes back up again. Which it will. Always.


2. Focusing on the price, while ignoring utility and potential


Broadly speaking, the same rules of thumb for the stock market should also apply to crypto: only invest in stocks of companies you’d actually buy from and like, focus on utility and growth potential. Sometimes, some people tend to ‘overthink price’ and ‘underthink potential’. Bitcoin, for example, looks expensive, and it may as well be, but when you consider what it is, and is potential, and its core charateristics, I’d say it is actually undervalued.


All things being equal, a coin that makes transaction fast, easy and cheap shows more potential than an equivalent coin that makes transaction slower and expensive. Obviously, that is not the only thing you should keep in mind, but it is important, and sometimes I feel like we underestimate that.


3. Underestimating cybersecurity


Generally speaking, I think it never hurts to be careful and/or borderline paranoid about your online security. If you keep your money in an exchange or a wallet in your phone, for example, it’s better to change the password every 5 days, even though it sounds excessive, than every 90 days. I personally prefer 2FA (as in, on an app), than a text message OTP but if and when I can I make sure to keep both on.


I used to work for a crypto company, and for about four years, I experienced first-hand the impact of underestimating the importance of safely storing passwords and codes. I helped thousands of customers and I’m afraid to say that 9 times out of 10, when they lost funds, it was because they’d been too naive with their passwords. I made that mistake once, a long time ago. I don’t plan to do it again.


Is there anything you want to add? Let me know!


I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, Xmr, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Xmr: 8BZ1CtEoQsu1AekeSRmum5Y9o15RGjnbGbY34EertEYxYtXLsTwsH4bHQQrDf1Azz2du9h6NucR5aTxtMHpKRH38QhCkDu6

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13

Doge: DD7use8x8Zw37XumJcwQxfkiqYR4eo5pjF


Use this link to get a discount on Undone Watches

Use this link to get a discount on your first Glovo order

Use this link to get up to $250 in crypto on your first deposit on BlockFi

Use these links to get free crypto on your deposit Coinbase or Binance

Use this link to get free diamonds use my CoinmarketCap codePosted

BlockFi is launching a new wallet

I’ve read a lot of comments and watched a lot of videos about BlockFi and people seem to have different and sometimes polarised opinions. Some crypto purists don’t like it because they consider it the exact opposite of what DeFi is supposed to be. They have a point, to a point. They also say that their referral programme keeps adding fuel to support the platform’s growth. And again that’s also partially true because BlockFi allows you get up $250 for free (depending on how many funds you add with your first deposit).


BlockFi allows you to store 10 different coins – Ethereum, Bitcoin, Litecoin, Dai, Chainlink, Basic Attention Token, BUSD, GUSD, Paxos and Uniswap and earn interest on them. You get 4.5% on BTC, 5% on ETH and 3.5% on LTC (they’ve recently lowered it, it was over 4% until a few weeks ago), 3.25% on Uniswap, 1% on BAT, 2.5% on Chainlink and 9% of the others.


I’ve been using it for a few months and I like it because it’s user-friendly, simple to use and you can choose to have your interests paid in a specific coin (or in the same currency as the one you’ve deposited). I usually change it every month, at the moment, my interest is paid in Chainlink.


Now BlockFi wants to up the ante with a new BlockFi Wallet. It’s not ready yet, but I’m assuming it will be available in the coming weeks. BlockFi says the new wallet will allow you to “buy, sell and store cryptoassets” and that you will be able to “transfer funds between your wallet and your interest account.”


It’s true, BlockFi is a bit too centralised but I think it’s a good platform, when all is said and done, and I’m curious to try it out. I’ll keep you posted.



I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, Xmr, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Xmr: 8BZ1CtEoQsu1AekeSRmum5Y9o15RGjnbGbY34EertEYxYtXLsTwsH4bHQQrDf1Azz2du9h6NucR5aTxtMHpKRH38QhCkDu6

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13

Doge: DD7use8x8Zw37XumJcwQxfkiqYR4eo5pjF


Use this link to get a discount on Undone Watches

Use this link to get a discount on your first Glovo order

Use this link to get up to $250 in crypto on your first deposit on BlockFi

Use these links to get free crypto on your deposit Coinbase or Binance

Use this link to get free diamonds use my CoinmarketCap code

Revealing my entire crypto portoflio in terms of % (spoiler alert, most of it is BTC)

YouTubers in the financial and crypto space love to share their crypto portfolio to their audience and they’re usually surprisingly transparent about how much they have and where. Good on them. I personally don’t feel too comfortable sharing how much have, and especially where, but I do think it would be interesting and useful to share the actual percentage(s) I’ve allocated for each crypto. A, because I wanna know what you think and B, ’cause I’m always curious to find out what people are investing in and why.


I have crypto holdings worthy of any mention (=crypto dust not included) spread across 8 platforms/wallets/exchanges. Most of my portfolio is bitcoin (duh) – around 93.70% – and ETH also represents a significant chunk of that the grand total at 2.76%, which means that only 3.54% of the grand total is devoted to other cryptos.


I’d like your opinion on this, by the way, Let me know what you think in the comments.


So what about that 3.54%? Believe it or not, most of is Ripple (XRP) (18.29% of 3.54%), followed by Litecoin (10.11%), Algorand (10%) and KAVA (9.52%), followed by yearn.Finance (2.97%), Polygon (2.67%), Solana (2.38%), Dogecoin (2.20%) and DAI (2.08%). I also have a position (1.39% for all of these) in MANA, Chiliz (CHZ), Cardano, CRO, Shiba INU, FC Porto, Polkadot, Axie, HBAR, BNB, Celo, 1inch, AVAX, AAVE, BAT, Chainlink, Uniswap and ICP.


Then I also have negligible amounts (around 1% of the remaining 3.54%) of Hive, Tron (TRX), Troy, PancakeSwap, BUSD, MC, HIGH, Santos, FARM (thanks to Publish0x!), Ampleforth, Ravencoin, Moss Carbon Credit, BICO, Badger Dao, IoTeX, Quant, Liquity, Enzyme, Enjin, Rarible, Cartesi, Mirror Protocol, Clover Finance, Gala, ARPA, Tellor, Numeraire, ENS, Voyager and Mask Network.


What are your thoughts? Let me know what you think in the comments.


I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, Xmr, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Xmr: 8BZ1CtEoQsu1AekeSRmum5Y9o15RGjnbGbY34EertEYxYtXLsTwsH4bHQQrDf1Azz2du9h6NucR5aTxtMHpKRH38QhCkDu6

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13

Doge: DD7use8x8Zw37XumJcwQxfkiqYR4eo5pjF


Use this link to get a discount on Undone Watches

Use this link to get a discount on your first Glovo order

Use this link to get up to $250 in crypto on your first deposit on BlockFi

Use these links to get free crypto on your deposit Coinbase or Binance

Use this link to get free diamonds use my CoinmarketCap codePoPosted

Exchange vs Wallet: PROs and CONs

I gotta be honest with y’all, the ‘not your keys, not your coins’ mantra is absolutely important. It’s useful. You must know that, you must remember that. But if you’re new to crypto, and I’m assuming the goal we want to achieve is to get as many people on board as possible, exchanges are much better because they’re faster (in terms of user experience, not in terms of transaction speed), and easier to use. I thought it would be interesting to put together a list of PROs and CONs about Exchanges and Wallets, and list the major differences.


Exchange: PROs


The biggest advantage of an exchange is that it is user-friendly and much better if you’re new to crypto. There’s no doubt. Ask anyone that’s never owned or dealt with crypto before to download Metamask and they’ll be like ‘what the heck is that?’, ask them to download Coinbase and they’ll be like, “okay, it seems easy enough.”


Another major advantage is that exchanges generally allow you to convert between coins and tokens that operate on different blockchains, that’s because these transactions happen off-chain. Imagine having to transfer ETH from Exchange A to Exchange B, it’d cost so much in fees and it’d be relatively slow. Whereas if you convert that ETH into, say, Algorand, (provided both Exchanges support Algorand of course) before you send it the transaction will be instantaneous, and basically free, and 30 seconds later you can convert it back to ETH on the new exchange you send funds to. The third advantage I can think of is that you can easily top up and withdraw funds from your account. You can do that with wallets as well, but it’s usually a bit more complicated.


Exchange: CONs


The main issue with exchanges is that it is, technically speaking, true: you don’t own your coins. The exchange can be hacked, it can go bankrupt, etc. Obviously, this is a much bigger risk if you’re dealing with a dodgy exchange, whereas major exchanges such as Coinbase or Binance are usually well preotected and provided you use a complex password, 2FA, etc, your funds should be safe. But it is true, they’re not technically yours, and they’re not theoretically 100% safe.


The second most important disadvantage I can think of is that exchanges do not, generally speaking, provide true DeFi services. Most exchanges provide some form of ‘Earn’ products and some even allow you to stake, but it’s not 100% decentralised.


Wallets: PROs


The biggest advantage with wallets, by far, is security. If you can learn your seedphrase by heart, it is virtually impossible for anyone to gain access to your wallet. There’s no way anyone can ever do that, short of forcing you to give up your keys (ie, by force), it just can’t be done.


Another major advantage is that with wallets your financial experience is truly decentralised, allowing you full access, and control, over your funds and the things you can do with them.


Wallets: CONs


I can think of two major drawbacks. One, and this is quite obvious, if you lose your private keys and seedphrase, no one can help you. It’s important to understand this because I know that most people on this website already know this, but newcomers generally don’t, and it takes some time to process the information. And then two, should you choose to cash out and withdraw your funds, for any reason, there’s no doubt that is much easier to achieve with exchanges, some even offer debit cards, whereas you can’t really do that with wallets.


Do you normally use wallets or exchanges? I use both. If there’s anything you wanna add to the list, do let me know in the comments. Thank you.



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