Quote from: meanwords on Today at 01:27:34 PM

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.

Bro, FTX is an isolated case where it abused the users funds by transferring money to their other company, and many more shady things. It's a single company that is getting hated, not the entire CEX. I don't think anyone hate CEX because of FTX.

Yes, FTX is an isolated case and it is not worth comparing with other exchanges. But many people have taken advantage of the collapse of FTX to spread and slander CEX, and they think that CEX should not be trusted and exist in this market. But I also agree that storing assets on CEX is not advisable, and not only CEX, but we should absolutely not put our trust in anyone in market. This is finance, and people take each other's money to survive, so don't expect to find trust or tolerance in this market.