Post
Topic
Board Trading Discussion
Re: Risks tied to using a single exchange
by
CryptopreneurBrainboss
on 02/09/2025, 09:10:55 UTC
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 ?

Not putting all your eggs in one basket has always being my slogan when investing and this isn't just particular to the crypto industry. I don't have only one wallet or use only one exchange as others advice. Sure there's a particular one I'll be using more often but there are always others ready to be utilized when things aren't going so great with the other. My most recent exchange that I use more often is bybit. I was a big fan of Binance before but recently they haven't been giving me the services I want. OKX I have heard alot about but I haven't used that exchange before. Kucoin was another alternative I used to have for Binance but now it has to be Bybit.