Post
Topic
Board Exchanges
Re: What are the problemes of crypto currency exchanges?
by
sheenshane
on 19/07/2019, 14:05:20 UTC
snip-
The best practice is to always keep your funds out of exchanges. Do not leave any money there. Always move it to your wallet, no matter how much you are paying in withdrawal fees.
The safest way is this advice because once you are not holding your private key in storing your fund it means that is not yours. Just like in leaving your fund the wallet of some exchanges platform whether that is a centralized or decentralized exchange as long as they are holding your fund and they are a third party who holds your fund.

The problem with exchanges is the lack of strict regulations, and usually you are sending your money to other countries with different laws which you probably do not understand and/or have difficult to reclaim your rights. Especially cryptoxcrypto exchanges, which are usually physically located in remote locations with convenient laws (for them).
That's right and the crypto market space are now struggling on these kinds of organizations had.

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