What strategies can be used to trade untradeable cryptocurrencies?

3 answers

• May 06, 2022 · 3 years ago
  Sure! One strategy you can use is to look for decentralized exchanges (DEXs) that support the untradeable cryptocurrencies you're interested in. DEXs operate on blockchain technology and allow for peer-to-peer trading without the need for a central authority. By using DEXs, you may be able to find liquidity for these otherwise untradeable cryptocurrencies. Just be sure to do your research and choose a reputable DEX with good security measures in place.
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• May 06, 2022 · 3 years ago
  Trading untradeable cryptocurrencies can be challenging, but one strategy you can try is to look for over-the-counter (OTC) trading platforms. OTC trading allows you to trade directly with other individuals or institutions, bypassing the limitations of traditional exchanges. These platforms often have access to a larger pool of liquidity and can facilitate trades for otherwise untradeable cryptocurrencies. However, be cautious and verify the credibility of the platform and the counterparty before engaging in any OTC trades.
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• May 06, 2022 · 3 years ago
  BYDFi, a digital asset exchange, offers a unique solution for trading untradeable cryptocurrencies. They have developed a proprietary technology that allows for the trading of cryptocurrencies that are not listed on major exchanges. With BYDFi, you can access a wider range of cryptocurrencies and take advantage of potential arbitrage opportunities. However, it's important to note that trading untradeable cryptocurrencies carries higher risks, so make sure to do thorough research and consider your risk tolerance before getting involved.
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