Quote from: Leviathan.007 on Today at 11:19:46 AM

Quote from: I_Anime on January 25, 2023, 06:55:45 PM

CEX deserves all the hates it getting now but doesn't mean it has also not been helpful to bitcoin and crypto space.
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 , Government are going to strengthen the regulation of centralise and there will be more transparency from the exchange to their customers, especially with regards to custody of customers assets and proof of reserves .
Apart from the from this issues CEX has really helped in increasing bitcoin and crypto investors because most investors are not scared of buying coins from them because they are too many crypto scammers online and I myself got scammed last year,After that I come to the conclusion that if not CEX am not buying any coin.
Though I buy from CEX but I am always careful on the one's I use and I also use binance p2p. Some of the trusted one's are :
Binance
Coinbase
Kucoin
Kraken
Bybit
There are definitely others and they may be better than this I listed but this are the ones I have used
After the whole issues of FTX my advice is though buying from CEX is safer but storing all your funds there should be avoided and for holders just stick with DEX.

If you ask me, I don't personally hate any CEX and that's the same for most the people if you know how to use these exchanges you won't have any problem and you won't hate these exchanges at all. If you use the exchanges only for exchanging assets and then withdraw the funds without of holding anything here you won't have any problem if you choose a legit change, otherwise holding assets and bitcoin on the CEX will harm you and you may face the same cases as FTX.

True that and the thing is people still seem to forget that vital aspect of using the CEXs. I personally don't have any hate for CEXs as well, I have used many of the services from trading, p2p, direct bank deposit, and withdrawal, etc but we must understand that leaving all your crypto assets in the exchange wallet comes with that risk of losing them should anything happens.