Post
Topic
Board Altcoin Discussion
Re: Do you trust centralized exchanges?
by
bittick
on 25/04/2021, 09:13:08 UTC
I think you heard the last news about the Turkish stock exchange:
https://decrypt.co/68703/billion-dollar-rug-pull-turkish-bitcoin-exchange-goes-dark
Customers fear a rug pull as Turkish crypto exchange Thodex abruptly halted trading.
At any time, money can be blocked for an unknown time.
Recently, I have not been trading on centralized exchanges and have kept as much money there as it’s not a pity to lose


Don't trust centralized exchanges because of one hacked Turkish exchange? There are at least 3-4 centralized exchanges, very large and popular. Or trade on decentralized exchanges. To choose for you
I think he meant to be aware and never really trust an exchange, it's true that this first quarter year around if i'm not mistaken only this turkish exchange that did a rugpull or exit scam but we've experienced such thing quite frequent times from the past not to mention the third rated exchange that we don't even know where those are based on.
There's definitely nothing wrong with using cex more specifically if it's a big 5 exchanges but just don't too trusting to these exchanges I guess, as people have said many times "not your privkey not your money"