Post
Topic
Board Trading Discussion
Re: Why most of Exchanges FAIL ?
by
Questat
on 04/04/2024, 13:32:00 UTC

Well, I have said it here before. I only use two exchange and that's Binance and Bitget. With the last incident that happened with Kucoin, I did check the latter to be sure I'm literally safe with them and I found out they already obtained an MCB long before now and they also have a cold wallet; https://www.bitget.com/support/articles/360040068632-Bitget-Obtains-The-US-MSB-License

Good thing you chose these exchanges but never say you're safe 100%, you will never know what is their plan.
I've been a user of Bittrex but stopped before the collapse of this site. I have no bad experience with Bittrex nor do I think this would happen to them but yes, it was hard to figure out what is their mind (owners), they can stop their operations if they want to and show different stories to the public about their closure. Even in Kucoin, we can't assure our funds are safe until it was totally deposited in our fully controlled wallet address.