Post
Topic
Board Service Discussion (Altcoins)
Re: Is it safe to exchange big amounts?
by
puremage111
on 10/09/2019, 14:28:03 UTC
Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

I would say judging from their reputation they built over the past years
They won't ruin everything they built from scratch by running away because they could make more off it in a long run

The only risk is that if you are afraid that during the transaction period, their network/server got hijacked which caused the lost in coins
I would say only exchange the amount you are afford to risk because Crypto is meant to be control/access by only the private key owner
If your coins are not under a wallet that you had access too, there's always a risk

Good luck!