What are the risks of trading cryptocurrencies without a dealing desk?

3 answers

• Dec 16, 2021 · 3 years ago
  Trading cryptocurrencies without a dealing desk can expose you to several risks. Firstly, without a dealing desk, there is a higher chance of encountering fraudulent activities and scams. Since there is no intermediary to verify transactions, it becomes easier for scammers to manipulate prices and deceive traders. Additionally, without a dealing desk, there may be a lack of liquidity, making it difficult to execute trades at desired prices. Lastly, without the oversight of a dealing desk, there is a higher risk of market manipulation and price manipulation by large players in the market. It is important to be cautious and conduct thorough research before engaging in cryptocurrency trading without a dealing desk.
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• Dec 16, 2021 · 3 years ago
  Trading cryptocurrencies without a dealing desk can be risky. Without a dealing desk, you may not have access to certain services and features that can help protect your investments, such as stop-loss orders or guaranteed execution. Additionally, without a dealing desk, you may face challenges in resolving disputes or issues that arise during the trading process. It is important to carefully consider the potential risks and drawbacks before choosing to trade cryptocurrencies without a dealing desk.
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• Dec 16, 2021 · 3 years ago
  As an expert in the field, I can tell you that trading cryptocurrencies without a dealing desk can be risky. Without the involvement of a dealing desk, you may not have access to the same level of security and protection as you would with a regulated exchange. It is important to choose a reputable exchange that offers a dealing desk to ensure the safety of your funds and transactions. At BYDFi, we prioritize the security and protection of our users' assets by providing a dealing desk and implementing strict security measures.
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