Crypto exchanges constitute a single point of failure and so are a target for hackers. Mt. Gox, the worlds leading exchange of its time, is the most publicised and largest hack to date, with unrecovered Bitcoins totalling 650,000. Mt. Gox later filed for bankruptcy. So i am curious to know that how Xcrypt will help to fade these fears.
One of the main issues with Centralized cryptocurrency EXchanges (CEXs) is their vulnerability to hacks. If we look at the past, various centralized cryptocurrency exchanges have been hacked and more than $2bn in crypto assets were stolen to date through fraud or hacks on CEXs. I too avoid CEXs nowdays.