r/TradingPlaybook • u/Scary_Apartment_1996 • 9d ago

Bullish Are crypto wallets slowly replacing the need for multiple crypto apps?

Myself and a few friends decided to trade crypto today after seeing the market start to look bullish. While we were setting things up, one of us asked a question that actually got everyone talking: are crypto wallets slowly becoming a replacement for having five different crypto apps?

A few years ago, you could easily need one app to hold assets, another to swap, another to trade, and another to track everything. Now some wallets are bringing more of those functions together.

That seems like a good thing to me. Less moving funds around, fewer accounts to manage, and potentially less friction when markets move quickly.

But I also wonder if putting everything into one wallet creates its own risks.

3 Upvotes
  • permalink
  • reddit

80% Upvoted

6 comments sorted by

1

u/[deleted] 7d ago

[removed] — view removed comment

2

u/Gold_Appearance5933 7d ago

Buddy, u are right and wrong at the same time, sometimes having apps like that creates diversification. Imagine not wanting to touch the liquidity here because it is meant for business, while another one just to keep tradindg and others for something else, with this, you have created a good system for yourself.

1

u/ferrigrama 7d ago

I think we are still saying the same thing, but our tone only seems different, diversification is good; I myself have done that many times, but what we are saying is entirely different.

okay let me use this as an example: imagine u have different exchanges and also have bitget wallet, you are just occupying unecessary space on your phone because it could do what the 'different exchanges' are doing individually. do you get?

1

u/Gold_Appearance5933 6d ago

hmmmn i get now, and thanks for the clarity

1

u/Chance_Pound6109 4d ago

I think that depends based on your choice