Post
Topic
Board Bitcoin Discussion
Re: I lost my crypto
by
NotATether
on 06/04/2025, 06:13:44 UTC
Top 50 or top 100 in volume (trading volume) is not important and unsafe. You must know that Centralized Exchanges are very risky and many CEXes died with time by many reasons, hacks, scam exits, bankruptcies and more.

Exchange Graveyard.
Reminder: do not keep your money in online accounts.

You can't even feel safe with a top 10 exchange. Don't you remember what happened to FTX? Actually, they might have even been a top 3 exchange. That's the reason why the second link was even written.

You really can't predict when an exchange will go bust. The best analogy I heard is to treat exchanges as a public toilet. Go in there, do your business and get TF out.