Quote from: Sophokles on Today at 07:13:21 AM

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

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.

Maybe OP since he's the one who suggested and maybe he has used it already or he advocates the usage of it.

Quote from: Sophokles on Today at 07:13:21 AM

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.

Yeah, usually with these exchanges that are found they are not strict with listing. So if it's just a type like it's a dex, then everything is on there and everyone is more prone to the scam listings and tokens that will be there. And aside from the security measures that you're likely to connect the wallet you use like meta mask or so, the chances of you being scammed is high when you're not researching and you just keep with the flow just as what these people telling that there's a hype and trend on it where in fact that there's none.