Post
Topic
Board Altcoin Discussion
Re: Do you trust centralized exchanges?
by
infer
on 11/05/2021, 17:10:52 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


I don't trust the exchange to be very focused, it has many risk vulnerabilities.
Some of the centrally focused exchanges I trust today like binance, kucoin. I've never heard of the exchange you mentioned, maybe my knowledge is limited.
Nothing is certain, although centrally focused exchanges already have information security. But I've never kept my money up here.