A solution to a huge problem in crypto trading?
My warmest greetings and greetings to all my Steemit family members. I hope you are all well. All of us who are in the world of cryptocurrency face a common but quite big problem. The problem is convenience vs. opportunity.
Just think about how easy it is to use Binance, Kucoin or other large centralized exchanges (CEX)! There are fewer security concerns, faster trading, and everything is organized in one place. But there is a limitation here. We can only trade a few hundred listed tokens.
On the other hand, the real opportunity lies in the decentralized world (defi). Thousands of new tokens are being created every day on blockchains like Ethereum, Solana, and Base. No one knows which of them will become the next 'gem'. But the real trouble begins when you try to take advantage of this opportunity. Managing dozens of wallets like Metamask, Phantom, Trust Wallet, keeping private keys and seed phrases secure, bridging between different chains, these are quite annoying, and this complexity keeps many away from DeFi. They are forced to leave Defi.
I am here to talk about this long-standing problem today. Because I have come across an update that has the potential to break this wall. And this is what the crypto exchange Bitget has done.
What has Bitget done that others have not?
Recently, Bitget upgraded its "bitget onchain" service in a way that I think is a groundbreaking step. They are now the first crypto exchange to offer the opportunity to trade millions of on-chain tokens directly from their platform.
What does this mean? This means that now you no longer have to open a separate wallet to invest in a new token. You can buy and sell any token on Ethereum, Solana, BSC or base chain (which are listed on dex) by logging into your Bitget account.
In short, Bitget is trying to combine the benefits of a centralized exchange and the endless possibilities of decentralized finance under one roof.
To me, this is not just a new feature; it is a clear indication of where the future of crypto exchanges is headed. While giants like Coinbase are talking about establishing themselves as the "everything exchange,, Bitget has quietly done just that, but in a more crypto-centric way.
Not only that, there are more surprises!
With this update, they have also launched an AI-based tool called "onchain signals". What does this tool do? It monitors the activity of "smart money" wallets (i.e., large and experienced traders) on the blockchain. Whenever these experienced traders make large investments in a new token, this tool will send you real-time alerts.
To be honest, this is an incredibly powerful tool for ordinary retail investors. Because it allows you to see market trends before they start.
In my opinion, this move by Bitget is very bold and timely. They have managed to catch the main problem of users, which has been creating an invisible wall between the centralized and decentralized worlds for so long.
Gateway for beginners: This can be a great gateway for those who have been shying away from on-chain trading due to the complexity of DeFi.
A step ahead of the competition: With this update, Bitget has undoubtedly put a lot of pressure on top exchanges like Binance, OKX or Coinbase.
Of course, everything will be tested by time. How strong its security measures are and how smooth the user experience will be remains to be seen. But from the initial impression, I am very optimistic.
What do you think about this update? Do you think it will change the crypto trading experience? Or is it just a marketing ploy? I would love to hear your valuable thoughts in the comments.
I'll end this here for today. Stay safe and trade safely, everyone.
This is very handy step as new separate wallet creation is not necessary for using the exchange.
Yes I already try to using it, it's good so esay can buy token