Post
Topic
Board Altcoin Discussion
Re: Do you trust centralized exchanges?
by
Moeda
on 30/04/2021, 16:51:46 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



I think our belief in exchange is not based on centralization or decentralization. Binance is a centralized exchange, and it's the top choice for crypto users to trade. We trust this exchange. Although there are other exchanges that stop and money gets caught up in it. That is, trust depends on the owner of the exchange in managing it. Will they do well in the long term? or they want to get instant profit by tricking members?