Post
Topic
Board Trading Discussion
Re: I trade cryptocurrencies with Forex brokers and would never use crypto exchanges
by
Alpen
on 02/06/2025, 04:50:29 UTC

There are now many exchanges with bots. Also you can build your own.

If every crypto exchange has a different trading terminal, how exactly am I supposed to build a bot that works everywhere? I'd have to use their APIs, and sometimes those APIs are restricted, rate-limited, or even behind a paywall.

Plus, not every exchange offers proper API access. I could spend weeks developing a working bot, and then if I have to switch to another platform, there’s no guarantee I’d be able to reuse it. That’s a major risk most people don’t consider when talking about building custom bots.

Maybe the problem isn’t crypto itself,  maybe you're just not using the right exchanges. In this market, we see billions of dollars moving in and out every 24 hours. That alone shows how much trust people have in crypto and the exchanges that support it.

If the exchange is your only issue, that’s something that can easily be fixed. Try using one of the most popular and reliable platforms.
Personally, I use and recommend Binance. Have you tried it?

Why do you consider Binance to be a suitable exchange? Its founder was incarcerated for defrauding investors and money laundering. The exchange itself received a record fine for its offenses. Furthermore, it was involved in money laundering from Iran and facilitated the cashing out of stolen cryptocurrency by hackers.

I could continue listing all the accusations and offenses, a portion of which have been proven in court.


Exchange also offer high leverage, some even 1000x in their future trading. I think you just didn't dive deep enough.


I've genuinely never heard of exchanges offering 1000x leverage. Which ones are you talking about?