Quote from: BitDane on December 02, 2022, 10:23:29 PM

Quote from: Distinctin on December 02, 2022, 09:59:51 PM

Personally none of them anymore. Its an obvious reason that centralized exchanges are not meant to be trusted by us since they will only take advantage of our funds and use them for their own progress just like what centralized banks did to our deposits and let others borrow it so they can grow their own business while leaving our money with just a very little interest. So sad that a lot of people have been blind on that and until today, people are still trusting centralized exchanges even after the scandalous event of FTX.

I think we can trust some reputable centralized exchanges of their service. Reason why despite the risk we still conduct trading on their platform. But trusting and being safe is different. Centralized exchanges can be a safe trading platform but not a safe platform to keep our coins due to possible hacks and exploits that can cause the fund of exchanges drained. So it is best to just use the service as it intended to be than using it beyond its service description.

You can do trust some exchanges but not all will do so anymore. Fine we can trade on those exchanges which is for sure a guided one but certainly not. We can not trust them anymore with our assets and funds. We have learnt enough lessons to open our eyes this time. Third party exchanges will find it difficult this time to gather assets and funds from investors to hold. I do not know about others but for sure I know about myself that I am no more comfortable with the happenings with them. The hacks, the carelessness and misappropriation of funds and assets it is not worth the risk holding with them anymore. I strongly believe most of the incidents going on with these exchanges are likely stage managed so as to cover up lapses on their path. Come to talk of it, they are likely the arm of government on blockchain that checkmate activities via regulation proxy. They steal our identity in the name of kyc only God knows why and what they use it for all in the disguise of international laws and so on.