Which coins are recommended for trading on decentralized exchanges?

3 answers

• Dec 26, 2021 · 3 years ago
  When it comes to trading on decentralized exchanges, there are several coins that are commonly recommended. One of the most popular choices is Ethereum (ETH), as it is the native currency of many decentralized exchanges and has good liquidity. Other coins that are often recommended include Binance Coin (BNB), Uniswap (UNI), and SushiSwap (SUSHI). These coins have a strong presence in the decentralized finance (DeFi) space and are widely supported on decentralized exchanges. It's important to do your own research and consider factors such as market trends and project fundamentals before making any trading decisions.
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• Dec 26, 2021 · 3 years ago
  If you're looking for coins with good liquidity on decentralized exchanges, you might want to consider stablecoins like Tether (USDT) or USD Coin (USDC). These coins are pegged to the value of a fiat currency and are designed to maintain a stable value. They are widely supported on decentralized exchanges and can be a good option for traders who want to minimize the volatility associated with other cryptocurrencies. However, it's important to note that stablecoins are not without risks, and it's always recommended to do your own research and consult with financial advisors before making any investment decisions.
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• Dec 26, 2021 · 3 years ago
  At BYDFi, we recommend considering the following coins for trading on decentralized exchanges: Ethereum (ETH), Binance Coin (BNB), Uniswap (UNI), and SushiSwap (SUSHI). These coins have proven to be popular choices among traders and have good liquidity on decentralized exchanges. However, it's important to note that the cryptocurrency market is highly volatile, and trading always carries risks. It's crucial to stay informed, do your own research, and consider your risk tolerance before engaging in any trading activities.
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