Post
Topic
Board Bitcoin Discussion
Re: Coins on an exchange, any exchange, are never safe
by
rodskee
on 10/11/2022, 02:49:09 UTC
Every day it seems a new story emerges about an exchange going bankrupt. Has been a recurring pattern since the Mt. Gox collapse. Why, with so many examples of failures, do people continue to keep their money on these? You don't own crypto if you have "coins" on an exchange, you have an IOU from a business that may or may not even be solvent.
actually it is not about Keeping money on exchange but how we need to use them , while there are some mixer to hide our identity yet exchange is important to all of us who trade and make this for a living.

I still use exchange but not as common as before .

Now if I only need to transact for certain coin that available in Binance directly to my local wallet, then yes binance is what i use.