Post
Topic
Board Exchanges
Re: Is it possible to start buying Bitcoin from centralized cryptocurrency exchange
by
Zee27
on 18/07/2023, 16:47:10 UTC
It all depends on what are you looking for. If you want to have more ownership of your assets you might use DeFI (but you have to be really careful because most scams are there due the anonymity) If you want to make future trades and need/want to make paper money for your needs (mainly because a lot of countries do not support crypto transactions or are hard to find) you should use an Exchange. I also know that a lot of people are worried about the constant lawsuits or restrictions of some CEX and the binance exits of this year but this is not going to last forever

Well, Binance's exit from some regions doesn't put a pause on the usage of centralised exchanges. In my honest opinion, I'll rate exchanges that are in compliance with regulatory bodies high than I would an exchange that simply exits the market. We have exchanges like Bitget with good trust scores and also in compliance with regulatory bodies.
Cexs remains my best place to acquire cryptocurrencies.