Why I Left Binance and KuCoin for TribalDEX

Hello to my fellow community members,

Friends, there are a lot of crypto exchanges in the world and I have used some of them. The famous ones like Binance and KuCoin were the ones I initially used, but later I stopped using them because of the regulations that arrived in my country, where people had to pay around 30% tax for different reasons.

I came across TribalDEX, and that’s where I keep my things now. I don’t have any crypto at Binance or KuCoin. I already sold it and cashed out from there. TribalDEX is the place where I feel safe because it is away from regulations as well as the eyes of the government.

Friends, I am not a technical person, so investment is something I have always been away from. But when I started using TribalDEX, I began reading blogs related to it, and that’s how I got very familiar with liquidity pools.

I don’t know how liquidity pools work on other exchanges, but I can say that on TribalDEX it is quite easy to use them. That is the reason why, when I started using TribalDEX, I also took part in liquidity pools as well. The rewards for participating in liquidity pools are also quite good here.

Friends, I have participated in two liquidity pools on TribalDEX. The first one is the Zing:Hive liquidity pool, where the APR is above 40%+. I don’t think I know any other place where the liquidity pools provide that much.

Maybe I don’t have that much knowledge, but for me, this is one of the highest. The second liquidity pair I participated in is Colony:Hive token. You can see my liquidity positions already shared in the screenshot below.

Friends, I also don’t know if other liquidity pools give rewards on a daily basis, but on TribalDEX, I receive my rewards every day. You can again see a screenshot below that shows the rewards I receive from my two different pairs in which I have already participated.

I also want to participate in more liquidity pools, so if anyone here knows a better option where I can earn above 40% or even close to that, I would really like to participate in those liquidity pairs as well. Kindly mention them in the comments of this blog.

I really hope that the government will not target TribalDEX so that I can keep my HIVE tokens as well as other Hive ecosystem tokens here safely without paying the 30% tax. I am not against paying taxes, but 30% is just too much and I think it is really a burden on common people.

Source

The government should not charge that much from middle class people who are just participating in crypto for small benefits. So I think TribalDEX is the best place for me right now, and I am going to stay here for all things related to crypto.

As far as other exchanges are concerned, I do not have money on any other centralized exchange. Yes, I do use ProBit and Bitget to trade HIVE, so that is what I keep there. But apart from that, I am not using Binance or KuCoin, which are top tier exchanges.

Thank you, friends, for reading my blog till here.

Posted Using INLEO