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Re: Maniek post# 503

Friday, 05/20/2022 7:18:55 PM

Friday, May 20, 2022 7:18:55 PM

Post# of 2180
you don't have to open an account to buy LUNA on pancakeswap. it's a DEX (decentralized exchange) not a CEX (centralized exchange). so you just create a software wallet, fund it with BNB, add the contract address (found on coinmarketcap) and buy it on pancakeswap.

it's a multistep processs that can be confusing at first, but once you know how to do it, you'll no longer be at the whim/mercy of centralized exchanges -- faceless entities (often registered in the caymans with no physical address) that want a our sensitive financial docs. to hell with that.

i think it's really worth it to learn how to trade in a defi environment, because when these tokens are cheapest they usually don't trade on a CEX at all.

whales load up on a DEX when a token is cheap, then sell it on coinbase, binance, robinhood -- usually months or years later -- with low fees, long term cap gains, and big profit.
Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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