Recent events Associate in Nursingd occurrences within the Crypto house have diode to an outcry on the importance of self-custody, following the aftermath of FTX’s and Alameda meltdown. the favored phrase “Not your keys, not your coins” or “Not your keys, not your crypto” are creating rounds on the net, reigniting debates on the importance of self-custody. This harmful event has left a foul style within the mouth of investors, and can’t be blasted for reacting this manner. However, suggesting an entire ridding of CEXs are a case of “throwing the baby out with the bathwater” as a result of in terms of growth in crypto adoption, centralized exchanges have contributed over DEXs.
The focus of this piece is to explain how KoinBasket is different, highlighting the prudent and meticulous approach employed to ensure that the risk associated with crypto investment is reduced to the lowest minimum.
How is KoinBasket Different?
Founder and CEO of KoinBasket, Khaleelulla Baig, in a statement, strongly expressed his dissatisfaction with bad players in the industry, distancing KoinBasket from dishonest practices and also asserting his position on the importance of self-custody;
“Are you making a gift of the custody of your funds and assets to crypto commercialism companies, bots & managed portfolio providers? Beware! They lure you in with the promise of straightforward cash, on the other hand take your cash and leave you high and dry.”
Investor welfare and long run growth is predominate for US since our conception, therefore we’ve consciously determined to not chase unhealthy growth of users and revenue that otherwise comes from taking custody of user funds/ assets and deadly commercialism activities like leverage commercialism, trading, which era and once more have established to be the one commonest issue for the collapse of thus known as nice comes like Anders Celsius, terra luna ,FTX, BlocFi etc.
He further explains KoinBasket’s different approach;
“At KoinBasket, we have a tendency to 1st enable users to follow crypto commercialism through our demo commercialism platform (no pre-conditions) and once they gain enough expertise and confidence, the users have the choice of investment in live markets whereas users keep complete management of funds and assets with them” He any remarked.
We solely integrate with regulated exchanges and don’t ask for access to user’s secret API keys, assets and funds.The platform goes a step any in providing a secure commercialism atmosphere by serving to users be from risky commercialism product and activities like leverage commercialism and trading, additionally we have a tendency to don’t lure users with the promise of high-yields during a short amount of your time. Rather, the platform is constructed on serving to the crypto capitalist solve the “age-long” investment perplexity through meticulous elementary analysis and prudent fund allocation unfold across multiple crypto sectors and comes.
Our focus is on providing well-researched crypto baskets for investors. The engine behind KoinBasket collates complicated crypto information in period, analyzes it seeable of this market trends, past performance and valuation, and eventually prepares theme relevant crypto baskets. As such, we have a tendency to don’t deny the apparent risks related to the crypto trade, rather, our primary objective is to extend the chance of success and mitigate the risks concerned.