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RE: The Power of NEO-Another Airdrop for Switcheo token holders!!!!
That is where I personally see the issue. While everybody tells you to keep the private key secret, it is needed for the exchange. I trust this still keeps people away from trading there. What is your point of view?
I agree this does potentially keep some people from using a decentralized exchange (DEX). I understand the concerns some have but as long as you have a secure internet connection and ensure you are using the official website to access the DEX, there should be no security problems.
When using a DEX your information stays local and does not leave your browser. You can create a separate wallet to use for access and only transfer funds from your main wallet that you want to trade. Your funds never leave your wallet until you initiate a trade.
You can login using an encrypted key, JSON or private key and by using a separate wallet that creates another level of security.
I personally prefer using a DEX because I have control of my funds until I am ready to trade. I also like being able to avoid fees to transfer to exchange and the wait time for funds to be available.
There are alot of advantages to using a DEX. Once people realize the risk is far lower than they realize and the benefits of having control of their funds we will start to see more people transition.
I’ve been happy with that exchange too. So easy to use - very impressed compared to other DEX I’ve used.
Also - want to note - US citizens are excluded from the SpotCoin Airdrops.
Yes Thank you for that clarification. I agree that Switcheo is very user friendly and I like that most NEP5 tokens are available in one place.