Limit Reduces Your Risk Of Assets

in blog •  2 months ago 

And here's a little feature that you could use that will bypass that and protect you

from the downfalls of the market.

It's called decentralized exchange limit orders.

I don't know if you guys knew this,

but on the Ethereum network,

you could put a limit order using a decentralized exchange.

So as a cryptocurrency holder, you hold the coin yourself. It's not on a centralized exchange, because by the way, if it's on a centralized exchange, they own it, you don't actually own it.

They just give you rights over it so you're not holding anything. It's pretty much a scam. But on a wallet, when a decentralize exchange, you actually own it and a limit order on Uniswap specifically, on the Ethereum chain specifically, can protect you from the downside of a market.

And this is kind of like a win-win.

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  ·  2 months ago  ·  

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