👇 Would you dare to play with 400X leverage at a shady exchange?
Why is it not recommended to trade at shady exchanges?
In a nutshell: It's easy to earn fake money, but ultimately you can't withdraw it.
Common issues with shady exchanges:
1. High risk of running away: They disappear after collecting the money, and all your coins are gone.
2. Withdrawal restrictions: Even if you earn, you can't withdraw it, with various audits, fees, and delays.
3. Serious manipulation: Fake candlesticks, forced liquidations, it's not trading, it's a scam.
4. No regulation: If something goes wrong, there's no one to turn to, you can't even find customer service.
5. Collaborating in scams: There are “mentors” who lead you into trades to make money, but in the end, you lose everything.
Many people think they can pick up bargains, only to end up being the ones who suffer the most.
So for trading, it is still recommended to use reputable exchanges (like Binance), for safety, transparency, and freedom to withdraw.
Getting rich can take time, but running away can happen in an instant.
