What are the disadvantages of cryptocurrency exchanges?
1 -) Exchange does not have physical office
2 -) Many exchange has no license
3 -) Many exchange has no responsibility
4 -) Many exchange has no respect for its customers
5 -) Many exchange does not have enough staff to handle support tickets
6 -) Many exchanges are anonymous which creates a great headache if you want to complain about a serious problem
7 -) Many exchange has accusations of being scam
8 -) Many exchange charges high values for new altcoins to be listed, but we do not see these exchange to improve their services which reveals that the owners of many exchanges are just greedy people who only think about money
just see this:
HitBTC scam!YOBIT Scam Exchange Poloniex - Account locked for 2 months with open ticket bittrex is a scam website - AVOID!- WITH PROOF!!