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I quite liked having a simple product like Blockfolio that I could tell my first-time crypto friends to use — clean, no margin, vetted tokens/coins. Telling them to use FTX feels harder cos now I’m worried they’re accidentally exposed to a complex financial product w 25x leverage
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IMO Coinbase do this quite well — basic Coinbase is super simple for noobs and complexity is hidden into Coinbase Pro which you have to seek out. But CBpro product itself isn’t very good IMO.
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Atm, this switch over seems more confusing to me. In general, if you recommend a product to someone and they can end up in 1 of 3 different products that have different risk parameters that seems more complicated than before. “I’m on FTX” “Which one?” etc
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IMO if consolidating brands then FTX and FTX Pro need to always mean the same thing. I would never recommend FTX Pro (intl exchange) to first time crypto newbies because it’s complex with high risk opportunities that they shouldn’t be using. I would recommend Blockfolio tho.
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anyways shitposts aside I think this is a good move long term and will actually make things easier I often recommended blockfolio to noobs but the main reason was that I trust FTX and it will be easier to understand going forward good morning
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