If we are interested in purchasing some pirate and we want to know what exchanges they are sold on. There is an exchange list available on the Pirate. black website. We can scroll down and see the list of all of the exchanges they are currently on.
Now, most of these are decentralized exchanges. Meaning there is no KYC involved. So what that means is that we
do not have to upload any id to the exchange so it's a little bit more private.
Now some of these coin x we'll probably are familiar with. These we may have even used already in the past and
then Bilaxi requires partial KYC.
Some of them require full KYC, this is not decentralized exchanges.
Word of Caution
Because this here is Our word of caution. If we do want to purchase this coin and we do want to use an exchange like a decentralized exchange with no KYC. Like for example trade ogre and turtle decks, these exchanges not only is there no KYC we know there's no limits. Some of them have a certain limit without KYC. We won't see that on
these decentralized exchanges. as far as they're concerned it is whose money and it's whose business and we're allowed to do with whatever we want with it. And the way that financing and our money should be right we should all have to control over our money. Not have to answer questions when we want to send it across the world. We know with banks, we know the tellers are always asking us and so where are we sending this where is it going to and what is it for. so that's so we have a little bit of privacy with the decentralized exchanges.
centralized exchanges they like to be the third party. They are still kind of controlling our money and stipulating how much we can withdraw. Also don't like these decentralized exchanges and so what we caution people on is. If we are transferring cryptocurrency from a centralized exchange that we've had KYC'd to either trade ogre or turtle decks or one of these other decentralized exchanges. Then we don't want to transfer Bitcoin. We need to transfer
Monero so we almost want to trade that coin into Monero. If we don't have any on the centralized exchange and then transfer it to trade ogre. So and the reason for that is because we have heard of some cases where people's accounts have been shut down on the centralized exchange. Because they didn't like the Bitcoin being transferred to trade ogre or usdt tether or anything.
A secondary option is to transfer our Bitcoin or our cryptocurrency from the centralized exchange into a non-custodial wallet. That could be as a hardware wallet like a ledger or a trezor. If we don't have one of these though it could be an exodus wallet on our laptop, desktop computer and that would be fine as well. Exodus is a great decentralized wallet we download it onto our computer. And we write down our 24 seed word phrase now we manage and control our own money instead of the centralized exchange. Owning and controlling our money and so we think it's a great option for safety and storage and security as well. It's not quite as good as the hardware wallets but it is a good option. We could transfer our Bitcoin into the exodus wallet or atomic wallet any one of those decentralized non-custodial wallets on our computer. And then transfer that to trade ogre and then that will work for us.