Quote from: LucyFurr on July 23, 2025, 05:35:03 PM

Quote from: TheUltraElite on July 23, 2025, 02:18:00 PM

It seems Indian exchanges are getting targeted now, which implies there is an influx of users in exchanges as well and funds getting piled up here.

Dont store coins on exchanges, none of them are ever safe, wake up one morning and you see your coins in limbo - this should not happen to any of us.

Atleast with international exchanges like binance we have chance to withdraw the crypto to our wallet despite the huge taxation but with Indian exchanges we can't even withdraw at all so I don't see any reason to use them unless the patriotism forces the users to choose Indian over others but it's not a convincing reason in my opinion, if we buy crypto then we must be able to hold it in our custody and these exchanges don't let us to do.

Binance [1], Kucoin [2], Bybit [3] all these current prominent exchanges have been hacked in past, it's wise to not trust any centralized exchange with your money, whether national or international, there could be time where they won't be reimbursing.

I do use Indian exchanges to convert crypto to inr (money stays there momentarily) as I don't want to go through hassle of p2p (I have had bad experience with p2p dealings in past, which has left sour taste).

[1] https://www.binance.com/en/support/announcement/detail/360028031711
[2] https://www.kucoin.com/announcement/en-kucoin-security-incident-update
[3] https://learn.bybit.com/en/this-week-in-bybit/bybit-security-incident-timeline