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Anonymous

24 Jun 2021

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Cryptocurrency

Coinhako vs Binance SG for crypto

I've seen the discussion recently on Binance SG vs Binance vs Gemini. How about Coinhako vs Binance SG? Are there any pros or cons (both in trading and investing) in using one instead of the other? I'm personally using Coinhako for investing, but I've read previously about how Coinhako has a wide spread and other cons so now wondering about how Coinhako compares to Binance SG!

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You seem to be confused. You can trade but you can't invest in a speculative asset that delivers no value. What you're doing is speculating / gambling on demand for this asset from other speculators.

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In terms of which trading platform you use, it basically comes down to personal preference – all of them could be subject to technical problems, attacks, and regulatory changes. I would suggest you score your options against your criteria and then it might be easier to decide which to go with, e.g.

  • fees
  • liquidity
  • ease of use
  • assets under management
  • security

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