Introduction I am deeply convinced that everyone who enters the world of cryptocurrencies starts with trading. That was my experience as well.
Starting with Centralized Exchanges My first exchange, like many beginners, was a centralized one. It seemed like a convenient and simple way to start, but it turned out to be not as secure as I had hoped.
Early Failures โก At first, my trading attempts were unsuccessful. I lost my deposit four times in a row before I started understanding market nuances and gaining valuable experience. ๐ฐ The total amount of lost funds is hard to calculate exactly, but four-digit figures speak for themselves.
โ๏ธ Beginner Mistakes Like many others, without knowledge of technical and fundamental analysis, I entered trades chaotically, buying coins I knew nothing about. ๐ Moreover, I traded with aggressive leverage no less than 20x, which significantly increased the risks.
๐ชจ The Critical Moment At one point, when my second deposit was almost entirely gone, I had only $1,000 left. This was my last chance, and I decided to take a riskโI placed my entire remaining deposit in a LONG position on the ALISA coin with the same 20x leverage.
๐คฏ Nerve-wracking Moment Initially, everything went greatโmy position showed a solid profit. I relaxed and believed in success. But suddenly, the "red candles" appeared. ๐ Panicking, I tried to quickly close the trade to avoid liquidation. Unfortunately, on centralized exchanges, the terminal sometimes freezes at the worst possible moment. ๐ I desperately tried to refresh the page. When it finally reloaded, the system required me to log in again. In a rush, I entered my credentials, switched to the trading tab...
๐ฑ Unexpected Turn During the time I was struggling with technical issues, ALISA had risen by 10% from my entry point. I immediately closed the position and, to my surprise, I ended up with a 200% profit on my deposit! ๐ This moment became a turning point in my understanding of the market and the importance of the right strategy.
Challenges with Centralized Exchanges Unfortunately, this is one of the few positive stories from my early trading days. Often, my negative experiences were due to trading on centralized exchanges (CEX). Here are a few examples: โ The terminal froze at the worst moment, resulting in liquidations. โณ Funds took too long to reach the exchange, causing missed opportunities. โ๏ธ Withdrawal of funds was blocked for unclear reasons, and I had to spend weeks proving my identity.
๐ก๏ธ Transition to DEX Exchanges After all this, I decided to try trading on decentralized exchanges (DEX). And you know what? It was a real relief! ๐ฐ Your money belongs only to you. No one can block or hold it. ๐ Full control over your assets. You manage your own funds without third-party interference.
New Challenges with DEX But... ๐ At first, I missed the familiar convenience of centralized platforms: no need to think about networks or available trading pairs.
โจ VOOI: The Ideal Solution for Traders That's when I discovered VOOIโa platform that combines the best aspects of DEX and CEX. โ VOOI is a DEX Perp aggregator that: ๐ Unites multiple exchanges on one platform. ๐ Supports numerous trading pairs and networks. ๐ก Maintains a decentralized approach and freedom to manage your assets.
Conclusion Now I trade exclusively on VOOI, and I can confidently say that it is the optimal solution for those who value both convenience and security.