Choosing the best cryptocurrency to buy often requires a comprehensive approach, considering factors like market cap, liquidity, fundamentals, community, ecosystem growth, etc. I just got into a fix trying to figure out the smartest pick for my portfolio whether to go with an exchange token or a crypto wallet native token.
I know in theory, a crypto wallet is often considered better than an exchange in terms of security because it gives one complete control over their private keys and funds while exchanges are more convenient for trading. However, they offer greater risk because they control one's keys when their assets are on the platform.
Following the recent BWB Airdrop, and the anticipated launchpad on Bitget which is the platform's first launchpad of 2024, would you consider investing in the wallet token or opt for BGB, the exchange token itself which is becoming more established?
See details:
https://cryptopotato.com/bitget-wallet-token-bwb-makes-debut-on-the-bitget-launchpad/I would be glad to read your opinion on these.
I think that investing in these kinds of platforms is not that much beneficial then investing into another alternatives.
The main reason behind that is the most of the features that can be offered using are already being done by different exchanges and it has become very difficult to add some value to the existing ones. Even if you do some value addition people are not ready to shift from their comfort zone. So until and unless you find a very big break through I'll advise to stay out.