India lost a lot of #crypto traders to foreign exchanges.
First it happened due to the WazirX hack because traders lost trust in Indian exchanges.
Most of the 🇮🇳Indian exchanges are just Indian for the sake of name; they are registered in Singapore and other countries.
I advise our community to check this as well before trading on any Indian exchanges.
Second, and the most important problem, is their poor infrastructure and lack of liquidity.
So rather than just blaming governments, Indian exchanges need to raise their bars.
If it won't happen, eventually there will be no trader left on the Indian exchange; all will go to @binance, @Bybit_Official, and other big players of the industry.
I personally don't trade on any Indian exchanges because I don't feel safe keeping my funds over there.
For the safety of my funds, I prefer hardware wallets and global exchanges.
And I always tell my whole community to only keep those funds on exchanges that you use actively for trading and keep all the other funds in hardware wallets.
If you want to win in crypto aside from trading memes it’s very very simple.
Get a real job in crypto
Take a part of your salary and invest it into crypto
Survive.
Literally.
Because nobody wants a real job anymore so you will get paid more for having a job LOL
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1.1M Followers 24K Following#Bitcoin Crypto Advisor since 2017 | DM for partnerships | Web3 strategist and Bitcoin believer | All my posts are not financial advice.