Post
Topic
Board Beginners & Help
Merits 7 from 4 users
Topic OP
FTX collapse; Once bitten twice shy
by
Cruxleo
on 24/11/2022, 09:39:34 UTC
⭐ Merited by o_e_l_e_o (4) ,Lucius (1) ,Charles-Tim (1) ,pooya87 (1)
I got here of my curiosity for safety. I lost some good fortune on the recent FTX collapse.
Though I had passively heard little on such risk but it has never been detailed and explanatory. It was always directed to cases of individual(s) whose account(s) are suspended for further KYC on few occasions, which I merely viewed as person's found guilty of illegal activities on the exchange, and assumed such wouldn't ever be a risk for all. Not to think of a total collapse of such might.
To settle this curiosity, hence the following questions:
1. How can I keep my Bitcoin safe?
2. Is there an alternative to centralized exchange?
3. I would appreciate suggestions that are less technical as I'm not grounded in tech.