Quote from: Faisal2202 on Today at 06:19:46 AM

Quote from: Firstfrost on August 29, 2025, 01:15:47 PM

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. Do you also use multiple exchanges or you stick to one ?

I did not know Binance futures went down. I don't trade in future but if the same thing happens to spot trading, then I will be angry if a coin meets my entry and my buy limit does not trigger, although this usually happens on Binance let's say if a big number like a multiple of 5 is used as buy or sell price, for example 5,0.5, 0.005, etc. These numbers are too exposed, and especially on Binance, market makers manipulate the order book to either pump high or dump high, like sudden movement around these numbers, especially around the new candle formation.

KuCoin and some other exchanges are better in this case and sometimes we can even get better rates on other exchanges, but on Binance, we don't have a chance to get anything a bit cheaper, although few cents don't make much difference.

You know that’s actually why I started using Bitget more often. The order book feels less manipulated and the fees are abit better too. And I recently just found out about there rewards programs which I'd start taking advantage of. So for me, even though I use Binance also, the former just feels smoother and fairer