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Anonymous

05 Aug 2024

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Moomoo as a new crypto trading platform VS other existing crypto exchange

Hello all, I am quite new to crypto trading and after the insolvency of some crypto exchanges like FTX and BlockFi, I am cynical about crypto exchanges. To the experience crypto traders out there, do you think Moomoo will be a better crypto exchange/trading platform in terms of fees, reliability, etc?

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Lin Junxian

11 Sep 2024

It is MAS regulated, your funds are custodied in trust accounts in DBS bank. So unless DBS fails, your funds should be safe.

One thing to note, currently you are unable to deposit or withdraw cryptocurrency out of moomoo. If you are only strictly trading within moomoo then ignore this note. Haha.

In terms of trading experience, I have not used it personally myself.

I have been using coinbase and binance and it's working out for me.

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Velly

25 Aug 2024

I would think so! They have been quite good for me so far. but I don't trade crypto, I guess it is more convenient if u are trying to manage everything in one place, as long as it is comparable with the market it's good enough? The app is very reliable for me so far

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