Post
Topic
Board Bitcoin Discussion
Re: What Are Your Thoughts on Emerging Cryptocurrency Exchanges and Their Events?
by
Zaguru12
on 07/08/2024, 13:53:10 UTC
First I think you need to learn how to quote a post or quote multiple posts in one rather than having to reply individual posts, here is a thread that will help guide you to do that https://bitcointalk.org/index.php?topic=5346341.msg57335807#msg57335807, you should also check out threads about posting techniques and etiquettes, they will help you better to reply to post well.


Is a platform that uses cold vault reliable in this regard?
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Exchanges no matter their reputability as long as it’s a custodial entity can never be trusted with your funds, we usually see top exchanges like Binance introducing things like SAFU; secure asset fund for user which is said to made available as reserve funds when the users loses their funds on the particular exchange, i still don’t see initiatives like this as anything rather they are just a way to lure you into gaining their trust, same way this events of giving some certain amount to people who held their funds with the exchange some airdrops are, they simply want to boost their popularity and nothing more. If you look at most of these events it is mostly for user who want to register with the exchange. So it is not advisable as the risk is very high