Best Ways to Buy Altcoins Securely

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mr_matrixNewbie
Posts: 14 · Reputation: 24
#1Aug 27, 2017, 12:43 PM
How can you buy altcoins safely? There are a few options. Centralized exchanges are pretty simple and let you use your fiat. They usually have support if you run into problems. On the other hand, decentralized exchanges offer quick access to cooler new tokens but they come with more risks and need some tech know-how. Also, P2P options and crypto ATMs can be useful for specific deals. But honestly, they can be slower and tricky.
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defi_2021Member
Posts: 83 · Reputation: 249
#2Aug 27, 2017, 06:07 PM
CEX vs DEX is a hot topic. CEX keeps your funds secure and checks new coins, so it feels safer. But they can freeze your funds whenever they want, which is kinda scary. DEX is more open for listings, but yeah, it raises the risk of scams. Rug pulls can hit anywhere, not just DEX. Everyone really needs to do their homework before diving into new tokens. Especially beginners I'd say stick to well-known coins at first and learn the ropes before jumping into the risky stuff.
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