Post
Topic
Board Altcoin Discussion
Re: Do you trust centralized exchanges?
by
masterrex
on 04/05/2021, 17:07:52 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



It depends on what kind of centralized exchange because I only trusted the one that I'm using like Binance because I was using it since 2017 when it was launch and until now it never gives me a problem so far and for the sake of safety precautions I never use those unknown crypto exchange for trading and other purposes.