Post
Topic
Board Trading Discussion
Re: What are the disadvantages of cryptocurrency exchanges?
by
btcdevil
on 13/07/2018, 15:55:21 UTC
Every day the popularity of cryptocurrencies is increasing. Millions of people – traders, politicians, financiers, analysts-follow the dynamics of their rates. However, nowadays, the use of digital assets is difficult. Even the purchase and exchange of cryptocurrencies are associated with problems - currency rates on different platforms are very different, and a solid commission is charged when withdrawing funds.


There is no any disadvantages on crypto currency platform when it is trading or other investment option. You should be careful while using the exchange sign in. I see the people are really believe the hacking attack is happening on exchanges only.
This is big myth, if you login via any phishing site with searching on Google result.
These link will take you to loose the money you have in your wallet mate. If you are careful in that there is no any problem with the trading platform.

What you are telling is true but that is the mistake of the user but when a exchange is hacked then it is not the mistake of user but it is the mistake of the exchange developers. So you cannot blame whole to the users. But it is also recommended that dont leave your coins in exchange and if you are not a regular trader then it is better that you withdraw the coins when you are not using the exchange for safe side. Apart from that some exchanges are manipulating the users coin and when they are in deep trouble they stat it as exchange got hack and clear their problems.