Quote from: DanWalker on December 15, 2022, 10:08:02 AM

Quote from: SOKO-DEKE on December 15, 2022, 09:46:28 AM

Quote from: CryptSafe on November 22, 2022, 04:28:38 PM

I was wondering if there could still be any safe centralised exchange in the blockchain industry. Of lately lots have been unveiling itself and centralisedexchanges are at the end of it all.

I don't think that they are is any centralized exchange which is 100% secure, but if I had to choose one that I had some degree of confidence in, I would choose Binance because the company has been around for a while and is still going strong despite attempts by hackers to steal millions of dollars; as a result, Binance has a 70% level of security. But since no exchange can guarantee that your funds will be 100% safe, a decentralized exchange is a preferable option.leave huge amount in exchange is so risk because nobody knows what future will bring, so let always try and move our funds to decentralized exchange.

Decentralized exchange is only safer than a centralized exchange, nothing is 100% safe for you, do not trust any service in this market. But you are right, Binance is the safest option we have right now because it is the largest volume exchange on the market. It can be said that Binance's trading volume is equal to the top 10 exchanges combined, showing the power that Binance has in the market. Besides binance, I will mention that coinbase is also a long standing exchange in the market, and coinbase token is also listed on stock exchanges in the US.

Volume or no volume a centralised exchange remains a centralised exchange as long as you have no possession of your keys to your assets, it is not your funds and not your assets not until you have possession of the keys to the wallet holding your funds and assets that's when you can call it safe. Be it a reputable exchange or not they are all prone to hackers at anytime. Have a look at ftx did anyone predict or believed that could happen to them? All exchange are not 100% safe be it centralised or decentralized. Do not forget that exchanges are always targets for hackers as they are always looking for ways to steal funds and assets from them. Do not be deceived take possession of your assets and funds in your own custody with hardware wallet sophisticated to resist hacks. Be on the safe side now to avoid a life time full of regrets. Be wise and act smart.