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Crypto Nova Profile picture
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Dec 9 • 17 tweets • 12 min read
1) Since the fall of many notable exchanges a lot of users are asking themselves:

• Should I use a #DEX?

• Which ones should I use?

🧵👇
2) “Not your keys, not your crypto”

FTX’s collapse is a symptom of a problem inherent to ALL centralized exchanges, also known as custodial exchanges.

Customers tokens parked on the platform are exposed to the risk the exchange could go bust.
3) Many #CEX customers have lost faith and are now rushing to withdraw their funds, opting for non-custodial solutions instead.

This is where #DEXs come in.
4) Decentralized exchanges are decentralized finance (#DeFi) protocols that allow users to trade directly with other users via smart contracts.

All this without handing over management of their funds to an intermediary or custodian like a #CEX does.
5) This feature makes it impossible for centralized players to siphon user funds and is why people are doing their trading on #DEXs instead.

Why did people ever use a #CEX in the first place then?

They used to be way superior in features and possibilities UNTILL now.
6) Gone are the days where a #DEX could only trade on 1 single chain.

⏩ Trade ethereum assets against Ethereum assets only.

#DEXs today can quite often trade assets against each other on ANY chain.

⏩ #ethereum vs #smartchain vs #polygon vs #Fantom vs...
7) All without the comfort of your assets NEVER leaving your wallet in the first place.

But which #DEXs are actually good though?

Can any #DEX trade all assets?

They can't and not all of them are equally user friendly or low on fees.

I have done the work for you though 👇
8) @FinanceChainge

$CHNG has been called "the most liquid dex on the market".

• Interoperability
• Highest DEX liquidity
• Decentralized staking
• Security.

As far as available trading pairs goes it has almost everything.

REALLY has my vote.

9) @THORSwap

$THOR is another one of my favorite #DEXs I would recommend EVERYDAY.

It makes use of #thorchain which makes NATIVE cross-chain swaps possible.

Together with $CHNG these one are probably my absolute favorite and reputable ones.

10) @THORWalletDEX

$TGT is another #DEX that's made by #thorchain.

The team is implementing as many features as they can AND providing support for many chains.

#Thorwallet is a pretty great DEX that I also would use anyday.

11) @FerrumNetwork

$FRM is more than just a #DEX but that doesn't mean they haven't perfected their trading experience.

#Ferrum multiswap aims to be the most interopable solution in the market and will soon support any chain.

12) @DeFi_ARC

Just like the previous one, $ARC is more than only a #DEX.

#ARC will provide users with a simple-to-use, all-in-one unified dashboard for trading.

13) These aren't the only #DEXs out there.

I could have made a way longer list of available ones that are okay to be used.

These are just the ones I've grown comfortable using and have experience with.

You also don't need to use all of them.

Stick to your favorite ones.
14) I also need to mention that all the popular single chain decentralized exchanges we know and use are also pretty great.

• #Uniswap for Ethereum
• #Pancakeswap for Binance
• #Spookyswap for Fantom
• ...
15) But if many are looking for a #CEX like experience they probably are looking to trade as many assets from one #DEX as possible.

You can't do that on some of the most well known and popular ones.

You would need to hop from DEX to DEX.
16) That's it ✅

Make sure you always protect your funds and NEVER share your private key.

Also don't store it on your computer either.

Write it down on a piece of paper and store it safely away.

Trade safe ❤️
17) If you want to keep up to date to most of my content give me a follow @CryptoGirlNova.

Would love the support if you could like and retweet the first tweet. Thank you 🙏❤️

First tweet 👇

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More from @CryptoGirlNova

Crypto Nova Profile picture
Dec 7
1) We see SCAM projects or presales launch on a daily base.

While some are easy to spot, others are not.

REAL ongoing example 🧵👇
2) A while ago someone sent me a "recommendation" for an ongoing presale called @IllumishareSRG.

While I could provide many ongoing examples on a daily base this is one of the most recent ones and a generally good "scam" example.

Curious as I was, I decided to take a look.
3) Pretty active social page with a healthy amount of followers overal.

Their "work location" seems to be public at first glance which many see as a good sign.

We also see a "doxxed team" which adds to the credibility with plenty of live streams on a frequent base.
Read 16 tweets
Crypto Nova Profile picture
Dec 6
1) It's no secret that the MOST safe returns often come from high cap projects.

After writing threads on more than 50 projects here are my TOP high cap picks for the future.

🧵👇 Image
2) $QNT

The single one that I believe is winning the race in TRUE interoperability by a huge margin.

Build a Dapp with components of multiple blockchain leveraging the best features.

⏩ Sitting at a 1.8b marketcap.

3) $BNB

#Binance has proven time again that they continue to build and innovate.

They even acknowledge #CEXs won't be around forever and have expanded to every need in the industry to survive.

This likely won't change.

⏩ Sitting at a 47b marketcap.

cointelegraph.com/altcoins-for-b…
Read 12 tweets
Crypto Nova Profile picture
Dec 4
1) The past year I've written more than 100 threads sharing all the ALPHA I've learned in the crypto markets.

Here's a list of my BEST threads to save you thousands of hours on how to survive and win.

🧵👇
2) The crypto space can be overwhelming and every beginner needs to start somewhere.

My E-book should be the first go-to source to get someone completed started as it provides a basic explanation to EVERY topic in crypto.

3) Want to go more in depth and learn everything the market has to offer you?

These are the learning tools you need to get started.

Best of all they are free and quite often better than their paying counterparts.

Read 19 tweets
Crypto Nova Profile picture
Dec 3
1) Want to know more crypto projects but STRUGGLING to research due to limited amounts of time?

A list of all the TOP recommended projects on "Crypto Twitter" covered in less than 5 minutes each!

🧵👇
2) $AZERO:


$QNT:


$KDA:


$MLT:


$ROUTE:


$CHNG:


$ARC:


$TEL:
3) $SAITO:


$XPR:


$TSUKA:


$KAS:


$CPOOL:


$SMR:


$MTRG:


$XRD:
Read 8 tweets
Crypto Nova Profile picture
Dec 2
1) Winning in these markets is tough if you don't have a STRATEGY that both prepares you for:

• The markets going back up.
• The markets going further down.

Here's how 🧵👇
2) Many individuals are ill-prepared for the markets not moving in their desired direction.

They are either betting on the bottom to be in or not to be in with a prepared course of action.

What if they are wrong? What if the market doesn't do what they expect it to do?
3) Do they still come out on top?

Since the start my BIGGEST acceptance has been that my analysis will be wrong many times.

I won't be able to time the markets but I will be able to prepare myself for the markets.

And this will make ALL the difference.
Read 14 tweets
Crypto Nova Profile picture
Dec 1
1) It's no secret that an #airdrop is one of the BEST ways to get free money in crypto 💰

I've compiled the 6 most VALUABLE upcoming #airdrops 🪂

All in LESS than 5 tweets

Number 6 has a snapshot THIS WEEK 🚨

🧵👇 Image
2) #Arbitrum is one of the hottest blockchains of the moment right now.

If there is any chance that an upcoming #airdrop can match the highest returns of previous #airdrops (thousands of dollars) this one is it.

My number one airdrop on this list 🔥

3) #Shardeum is another expected #airdrop that's highly likely to be worth a good amount.

I was able to fit the necessary steps to participate in LESS than 3 tweets for this one.

Read 9 tweets

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