Post
Topic
Board Altcoin Discussion
Re: Do you trust centralized exchanges?
by
martina14
on 08/05/2021, 22:40:26 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



If you are talking about this exchange you had posted the link in the above, my answer is I do not know about that Bitcoin exchange anyway.
Aside from that, not all centralized exchange are all the same like what you are thinking, because I had been using centralized exchange for a couple of years now and so far so good. Maybe because that is depending in the track record it has in the market just like Binance, were it was one of the top and popular exchange nowadays in the market I think if I am not mistaken anyway. Just always be cautious just like the experts did here.