Let's clear up some confusion about CoinMarketCap that keeps popping up.

First things first: CMC isn't an exchange. You can't buy, sell, or swap tokens there. It's purely a data aggregator.

So what about withdrawals? Not happening. Since CMC doesn't hold your crypto, there's nothing to withdraw.

And that portfolio tracker everyone uses? It's just a spreadsheet on steroids. Tracks your holdings across different wallets and exchanges, but doesn't actually store anything. Think of it like a finance app that monitors your bank accounts without being a bank itself.

Know the difference, stay safe.

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NoodlesOrTokens

· 10h ago

Huh? Are there really people who treat CMC as an exchange? That's hilarious. They check the prices every day but have no idea what it actually is.

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GateUser-7b078580

· 12-01 15:59

The data shows that there are always people who can't figure it out... CMC is just a data dashboard, it's really not that complicated, although those people from the exchange hype it up to be something miraculous.

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BearWhisperGod

· 12-01 15:55

Haha, someone really asked this. CMC is just a data dashboard, not an exchange, so don't get confused!

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ZKProofster

· 12-01 15:46

ngl people still getting burned on this? cmc is literally just a mirror, not a vault. the fact that this needs explaining in 2024 is actually embarrassing lol

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SchrodingerWallet

· 12-01 15:41

Ha, there are still people who can't tell CMC from an exchange, this meme has to be repeated. It's easy for people to get confused, it has to be etched in their minds. CMC is just a data dashboard, want to withdraw coins from there? Dream on, fren. A portfolio tracker, to put it simply, is just an electronic spreadsheet, monitoring your money, but it doesn't store anything. Understanding this difference can really prevent a lot of issues.

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