Post
Topic
Board Bitcoin Discussion
Re: CEX deserves all criticism but not the hate
by
dimonstration
on 27/01/2023, 16:47:44 UTC

I know that most issues that affected bitcoin and crypto space as a whole was mainly from Centralise exchange in 2022 but that can't just make us stop using it  instead we should be more cautious on the centralise exchange we use and since the whole issues happened.

Correction, CEX is always been the reason for crypto problems since the day CEX introduced to crypto space. Starting from Mt. Gox, Cryptopia and other popular exchange that got hack every year that result to there bankruptcy. CEX itself is really helpful because it helps people to trade easily anytime. The only problem was the security on their technology is very and some of them do an inside job to stole users money since exchange that operating outside US and UK is not fully regulated by the law.

CEX will be reliable if this exchange is audited frequently for user safety.