When Binance futures went down earlier today, it reminded the risk of relying solely on a single exchange. Though I didn’t have a position opened on it at that period because i already placed a trade on Bitget at the time but i know those who were stuck. This just shows why you should have options open as a form of risk management because this can happen to any exchange at any time.
I still stand on ‘no exchange is perfect’ but having a backup to spread your activities on would definitely save some stress when the unexpected happens which is why OKX is my third one. Just like having a diversified portfolio and having multiple investments basket, having different exchanges is a good decision in my opinion.
You are right about all this you said here especially if you have so many activities you are using this exchange for, because sometimes an unexpected issue might arise which might get you stranded if you have no other options, so having more options when using exchange services are very important, in other not to be disappointed in the future.
Do you also use multiple exchanges or you stick to one ?
I wouldn't say it's multiple because they are just two, I am using only bybit and bitget since they support p2p services in Nigeria. So it's only two exchange accounts I have as of today.