Post
Topic
Board Beginners & Help
Re: Which BTC exchange do you trust moving forward?
by
Smartvirus
on 21/12/2022, 22:53:28 UTC
With the collapse of FTX and issues across the industry such as Binance, BlockFi, Celsius, Voyager, etc. I want to know what exchange do you trust the most?
The collapse of the FTX exchange rules of all exchanges to be any reliable. I won't say there are no reputable exchanges out there because, we've got a handful of them. Binance, Paxful, Remitano and host of others but, you've got to realise that, exchanges aren't wallets. Not to mention that these exchanges are centralised. You don't have to store your coins on any exchange, use exchange the right way by just putting what you hope to trade and get I out when you should. Use exchanges the right way and only store your coins on wallets with private keys or seed phrase.
Don't run away from centralisation by getting into another in centralised exchanges. Its unwise!