Quote from: EarnOnVictor on September 01, 2025, 07:33:11 AM

Quote from: Firstfrost on August 29, 2025, 01:15:47 PM

I still stand on ‘no exchange is perfect’ but having a backup to spread your activities on would definitely save some stress when the unexpected happens which is why OKX is my third one.

I fully agree with that. No exchange or any program or establishment can be perfect, so the best ones could disappoint you when you need them most. If not the technical failure that you emphasised in this thread, it could be some other poor service or manipulations.

I've caught exchanges manipulating the market price just because they want to "bucket chop" the trader, which is off. They hunt stop losses too. So if you divide the money in exchanges and one disappoints you, the other might still save the day.

Lastly, those whose accounts were frozen didn't expect it. Even if the account is later unblocked, what about the many times wasted? We have many more reasons why our exchanges shouldn't be limited to just one.

We ought to use these exchanges with caution whether for peer to peer transactions or trading. These are the two reasons I am using an exchange which are mostly normalized but it would not make a sense when we try to keep our crypto portfolios on exchanges when we don't even have access to our private keys or seed phrases.

Understanding the safety attached to using a decentralized wallet to keep our crypto portfolios is very crucial and we should never see it as a joke. Users' funds are been locked up on exchanges forever without having access to them and that should sound as warning to everyone that have crypto exchanges as backup.