Post
Topic
Board Altcoin Discussion
Re: Do you trust centralized exchanges?
by
Swopon
on 01/05/2021, 22:03:34 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


Maybe it was a local Exchange and one thing I believe from the very beginning of my crypto life that don't store all the funds into one wallet. It can be hacked or something wrong can be happened then my funds can be lost due to that. Even in trading, don't buy any token or coin by using your full assets. Because your strategy can be wrong or market can be changed anytime. That's the reason why I use more than one wallet.