Over the last few years, defi or DeFi is some of the most popular ways to invest in bitcoins or any other cryptocurrencies in the market. As more and more investors prefer investing in such types of applications, it becomes quite important for you as a crypto investor to know about DeFi in detail.
However, there are multiple blogs and articles related to DeFi applications as well as which is the best DeFi app in the market. You can read them on octocrypto.io/comparisons/the-best-decentralized-exchanges-defi/ in no time.
Here, in this article, you will get to know the few most important things that need to be taken into consideration before investing in bitcoins through DeFi.
• Know whether it’s secure or not
One of the riskiest disadvantages of investing in the DeFi app (most of the time also known as Decentralized Finance is the technologic risk.
And guess what? No one wants to invest in an app that does not provide basic security to them. This is where you must thoroughly verify and survey whether the DeFi application or web portal is actually safe to invest in or not.

This way, you can not only secure the investments you are making in bitcoins through the DeFi app but also safeguard your credentials or bank-related information.
• Stay away from illegal DeFi apps
While generally, there is no such thing as called illegal defi app because no one has any control or authority over these apps, yet there are still few illegal DeFi apps that are banned in most of the countries.
You must stay away from these illegal Decentralized finance applications for a safer side. And for your information, some of the big red-flagged apps include those online portals that do not really share their code. Or ignore concerns in online forums and social feeds about security.
Thankfully, you can now easily stay away from these illegal DeFi by visiting octocrypto.io/comparisons/the-best-decentralized-exchanges-defi/ and choosing the right type of DeFi app according to your needs.
• Look for a popular DeFi
According to some researches and surveys conducted in the last few years, the most unsecured DeFi apps are the ones that are controlled by a small organization with just a few investors.
That is why experts recommend investing in a popular DeFi application that has more than hundreds and thousands of investors. By this, you can also lower the risk of being cheated.

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