What are the risks involved in außerbörslicher handel with cryptocurrencies?

3 answers

• Dec 27, 2021 · 3 years ago
  Trading cryptocurrencies outside of traditional exchanges can expose you to various risks. One major risk is the lack of regulation and oversight. Unlike regulated exchanges, außerbörslicher handel platforms may not have the same level of security measures in place, making them more vulnerable to hacks and fraud. Additionally, the lack of transparency in these platforms can make it difficult to verify the legitimacy of the trades and prices. It's important to thoroughly research and choose a reliable platform before engaging in außerbörslicher handel.
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• Dec 27, 2021 · 3 years ago
  When trading cryptocurrencies outside of traditional exchanges, you may also face liquidity risks. These platforms may have lower trading volumes, which can result in higher bid-ask spreads and slippage. This means that it may be harder to buy or sell cryptocurrencies at the desired price, potentially leading to losses. It's important to consider the liquidity of the platform and the specific cryptocurrency you're trading before making any transactions.
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• Dec 27, 2021 · 3 years ago
  As an expert from BYDFi, I would like to mention that außerbörslicher handel can offer certain advantages, such as lower fees and access to a wider range of cryptocurrencies. However, it's crucial to be aware of the risks involved. Make sure to use secure wallets, enable two-factor authentication, and only trade on reputable platforms. Keep in mind that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. It's important to stay informed, set realistic expectations, and only invest what you can afford to lose.
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