Quote from: passwordnow on Today at 06:48:56 AM

Quote from: Sayeds56 on Today at 12:59:54 AM

Quote from: passwordnow on November 03, 2023, 11:49:00 PM

I'll avoid going on with these trading telegram bots. I have seen people complain that they've been hacked and what not and that's probably to the software that they need to connect and log in to their wallets. This happens most of the time and I don't think that you'll ever see me use this because I am a paranoid guy and trying to be safe with such. Convenience over security, I'd choose security.

That's much better preference and there are already the actual exchange where you don't need to go through such third party platforms that you can't even go to them and ask for help. That's why it's better to trade either on legitimate dex and cex for your peace of mind. This platform may be new to the most but I won't really indulge into them.

I completely agree with your perspective to prefer security over convenience when it comes to investing or trading in cryptocurrencies, as this is relatively new industry and security standards are still evolving. Therefore, If an individual in interested in using bots for trading purpose, it is advisable to do so on platform of any well-established exchanges like Binance or Kucoin for this purpose, rather than using services of third party and put your assets on risk. It would be prudent choice to use such platform to mitigate risk associated with third party services.

Just do your trades with genuine exchanges whether they are centralized exchanges or decentralized. The important thing is the credibility and the reputation that they have. We see nowadays a lot of things can be developed through Telegram and I think that they're upgrading as well as part of their roadmap since they also have their own token. But if it's about this matter, I'll avoid them.

You can name a lot of exchanges that has good reputations and I'm not yet willing to try new things like this. I've seen some about casinos that are on telegram but I wouldn't also going to try them because for some reasons, I just don't know how it works if it's a thing already.
So, as long as there's an involvement of money using these bots on telegram, I'm off with them. But no doubt if it's just about communication and stuff, that's all about Telegram is done for.

Who will trust an exchange that is based on telegram because it is not safe to give your cryptos custody to a telegram bot that can even handle a few millions of dollars worth of transactions? They can be good for scalping and small transactions but on a larger scale this telegram exchange bot even can not compete with lower tire crypto exchanges. What i am seeing is only hype about the Telegram bot project due to telegrams upcoming announcement about their roadmap. Some telegram bots I saw providing MVE services that can be used in dex especially if you are a regular dex user. Sudden dumps in the pair can be tracked and used for instant buys in that range.

Also there is a risk that these telegram exchange services can be used by scammers to promote fake exchange projects because there isn't much information available for most of those bot and they can easily be removed by the owner of that bot. Telegram based exchange bots are not very practical solutions that we can see.