Do you use emerging cryptocurrency exchanges? What are your thoughts on trusting these smaller exchanges? Additionally, some of these exchanges host events where we can earn altcoins. What do you think about such events?
Are we to assume for the use of some of these exchange all because of their emerging offers which they give during their events like the promotions made, which obviously comes out with a demanding task expected from us, or we are going to consider whether to use an exchange or not because we have realized the risk in using them as a custodial wallet, they can be hacked and we can lose our asset with them as well if they go down.
Its now up to us to decide which we want, is it the events activities in which they provides and we enjoy participating for or the risk at which our asset is in their custody and we can lose them at anytime, not to talk of the privacy we also lost in using a centralized exchange.