Howdy,
I've been using one for a couple months now and it's given no reason to mistrust it. But it seems weird to me sending my money to an intermediary that's neither a wallet nor a bank and is entirely online. Feels like the money is hanging out in some nowhere zone that isn't completely under my control...
Dies any one else feel this way or do I just not understand this stuff well enough yet?
Thanks!
You're right. The money that are not in your wallet (whatever they are) are not under your control. But the exchanges are necessary to fulfill your needs. Without those your money maybe cannot be used. So the question is not if we need to use those but how we will use those. My advice is to leave the money on those as less as possible. There are exchanges that gives profits to leave money on those. But I will not suggest this. Do the change and take your money. then another way the same thing when you will have need.