Post
Topic
Board Trading Discussion
Re: Are exchanges evading proof of reserves unsafe for users?
by
mk4
on 03/08/2023, 00:37:36 UTC
As a trader, do you feel safe using such exchanges that haven’t released theirs or should the more transparent ones be given preference?

While I'd definitely prefer if the exchange provides non-opaque proof-of-reserves, I don't worry that much. My money on centralized exchanges are extremely small that while I don't want to lose the money, I'll just end up having a scratch if the exchange goes bust.

^Also nothing that I mostly trade on GMX and Uniswap for a good while now.