What I've used from the two exchanges you mentioned is Binance.
I often use Binance to trade Altcoin and Bitcoin, but for all my assets, I don't keep it in binance, because to overcome security vulnerabilities that could happen at any time.
Binance is one of the largest and most popular Exchange today with a variety of features, attractive appearance and easy to use.
As @Upgrade00 said, Binance was hacked and some user assets were lost, but all of these assets were replaced by Binance.
Binance now continues to build better security to protect its users.
The most important thing is not to store all your assets in a third party wallet (Exchange).
Topic: A BETTER WAY TO EXCHANGE DIGITAL CURRENCIES. - page 2. (Read 226 times)
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I just edited my reply to include that binance has had security breaches as well. However the stolen funds was repaid to users affected in full. There has also been a case of potential personal data being stolen.When choosing a site to exchange currencies, do not only follow personal recommendation as users opinion of a website can vary. Always do your personal research.
1. BINACE and
2. SHAPESHIFT
I don't know them both. Furthermore, if you want to give others good exchanges or any good platforms, you must give them in full links, rather than just a name. With a name, we can find bunches of different domain names and sure only one of them is legit for one exchange. The rest are fake, phishing sites. With Shapeshift as a name, we can have some sites:2. SHAPESHIFT
Code:
shapeshift.com
shapeshift.org
shapeshift.io
shapeshift.it
shapeshift.fr
and much more
What is Binace?
About phishing sites, you can read:
- What to do to avoid phishing sites
- Host-file to deal with phishing sites
Any exchange platform that is prone to attack or hacking should not be consider in my opinion because the security of your currency is equal to your currency.
Rule: The security of your crytocurrencies is your currency. If it is not secured it doesn't belong to you and if it's secured then its yours.
Shaoeshift fall outside this rule, so it is not an option I'll like to consider. Thanks
Rule: The security of your crytocurrencies is your currency. If it is not secured it doesn't belong to you and if it's secured then its yours.
Shaoeshift fall outside this rule, so it is not an option I'll like to consider. Thanks
Literally every single exchange that's custodial will be prone to attacks; it's pretty much just a matter of 'when' not 'if'. With that said, since Binance isn't currently strict with KYC, I've been using it for a while when mid-long term trading altcoins. But again, since custodial platforms are prone to attacks, it's heavily recommended to immediately withdraw your funds every time you make an exchange transaction to protect yourself if ever something happens to the exchange.
Don't let history repeat itself: http://cryptosec.info/exchange-hacks/
Quote from: https://en.m.wikipedia.org/wiki/ShapeShift
Since March till April 2016 Shapeshift experienced a total of 3 attacks which resulted in 469 BTC, 1900 LTC and 5800 ETH stolen from their hot wallets. As a result, the Shapeshift team put Shapeshift.io offline through April 20 to rebuild Shapeshift's infrastructure with enhanced security protocols.
In August 2017 ShapeShift announced it would stop functioning in the state of Washington because of BitLicense-style regulations imposed by the passage of Senate Bill 5031.
A 2018 investigation by the Wall Street Journal found that ShapeShift had processed $9 million in funds from criminal activities over a two-year period.
In August 2017 ShapeShift announced it would stop functioning in the state of Washington because of BitLicense-style regulations imposed by the passage of Senate Bill 5031.
A 2018 investigation by the Wall Street Journal found that ShapeShift had processed $9 million in funds from criminal activities over a two-year period.
This is a quote from Wikipedia about shapeshift. I have personally never used it, but have come across several bad reports about it on various social media sites about it. Also I've come across positive reports about it. Do extensive research before using their service.
Binance is a more reliable website in my opinion. Still do your research.
Any exchange platform that is prone to attack or hacking should not be consider in my opinion because the security of your currency is equal to your currency.
Rule: The security of your crytocurrencies is your currency. If it is not secured it doesn't belong to you and if it's secured then its yours.
Shaoeshift fall outside this rule, so it is not an option I'll like to consider. Thanks
Quote from: https://en.m.wikipedia.org/wiki/ShapeShift
Since March till April 2016 Shapeshift experienced a total of 3 attacks which resulted in 469 BTC, 1900 LTC and 5800 ETH stolen from their hot wallets. As a result, the Shapeshift team put Shapeshift.io offline through April 20 to rebuild Shapeshift's infrastructure with enhanced security protocols.
In August 2017 ShapeShift announced it would stop functioning in the state of Washington because of BitLicense-style regulations imposed by the passage of Senate Bill 5031.
A 2018 investigation by the Wall Street Journal found that ShapeShift had processed $9 million in funds from criminal activities over a two-year period.
In August 2017 ShapeShift announced it would stop functioning in the state of Washington because of BitLicense-style regulations imposed by the passage of Senate Bill 5031.
A 2018 investigation by the Wall Street Journal found that ShapeShift had processed $9 million in funds from criminal activities over a two-year period.
This is a quote from Wikipedia about shapeshift. I have personally never used it, but have come across several bad reports about it on various social media sites about it. Also I've come across positive reports about it. Do extensive research before using their service.
Binance is a more reliable website in my opinion. But it has also suffered security breaches and hacks.
You should also note that there are key differences between both platforms. Binance is a centralized exchanges, while shapeshift is non-custodial swap platform.
I was reading some articles on the exchange of digital assets and currencies recently, I found some things that will interest you too.
I discovered these two platforms for conversion and exchange of your crytocurrencies.They are:
1. BINACE and
2. SHAPESHIFT
The article never take time to explain the difference and which is better.
Friends, I went to know your opinions about the digital asset or digital currency exchange platforms in use by members of this platform.
How do you rank them base on the parameters of simplicity of use and effectiveness?
I discovered these two platforms for conversion and exchange of your crytocurrencies.They are:
1. BINACE and
2. SHAPESHIFT
The article never take time to explain the difference and which is better.
Friends, I went to know your opinions about the digital asset or digital currency exchange platforms in use by members of this platform.
How do you rank them base on the parameters of simplicity of use and effectiveness?
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