Post
Topic
Board Trading Discussion
Re: Why I will never trust top exchanges
by
andriarto
on 06/03/2023, 13:55:44 UTC
~snip~

No matter what you plan to do on centralised exchanges, do not trust them.

At least Binance tried to get that audit to get the user's confidence regarding cryptocurrency, well, for me I keep choosing best exchange with their fast response customer service as long as they have that and not the best I will use it if I need. I know some small exchange got failed after a few months so whether it's a top exchange or not we can't guarantee the safety.
everything does have a risk, our job is to minimize risk so that our funds are safe. don't save funds on an exchange, indeed using it as needed will be safer, and afterwards we can store it in a personal wallet, so that the security of the wallet is completely in our hands. even though the exchange is the best at the moment, we don't know what will happen next, and if the worst thing happens, then there's nothing we can do, which in the end we have to let it go