Post
Topic
Board Exchanges
Re: Is trading on CEX still worth it?
by
tabas
on 15/05/2024, 22:04:59 UTC
These days I buy most of my tokens especially altcoins on decentralised wallets like Jupiter or metamask and I only trade on CEXs when they list tokens I already own and I send my tokens there

The only time I buy tokens on CEXs with my credit card is when exchanges have zero fees events or events like a rebate on a deposit you make like the one Bitget currently have and other CEXs like Binance, kucoin etc.

Do you guys think CEXs are still worth it? Let me hear your thoughts
In your case, it's worth it if you're taking advantage of the promos and events that they run. But to be honest, even without those, many of us here are still using centralized exchanges for many reasons. Aside from getting into trading, spot and/or futures. The other promos that they're having like launch pads or pools are getting bought by many of those that are just holding their assets elsewhere. In return of getting some rewards, of course you have to deposit it on them and be part of it. The risk is there by having no control over your assets upon depositing it on them for that potential reward.