Planning to acquire 20,000 Dogecoin on the exchange, but I'm a bit worried about whether I will be able to withdraw them later. I've seen many news reports about liquidity issues with certain cryptocurrencies during bear markets, which makes me nervous. Especially with assets like Dogecoin that are quite volatile, if the exchange encounters an emergency or the withdrawal channels get blocked, will my funds be affected? Can any experts explain where the risks lie?
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
6 Likes
Reward
6
3
Repost
Share
Comment
0/400
GateUser-83070f95
· 11h ago
It's fine, no problem.
View OriginalReply0
TooScaredToSell
· 11h ago
Bro, I advise you not to put your assets on exchanges. Isn't the lesson from FTX enough?
Planning to acquire 20,000 Dogecoin on the exchange, but I'm a bit worried about whether I will be able to withdraw them later. I've seen many news reports about liquidity issues with certain cryptocurrencies during bear markets, which makes me nervous. Especially with assets like Dogecoin that are quite volatile, if the exchange encounters an emergency or the withdrawal channels get blocked, will my funds be affected? Can any experts explain where the risks lie?