Topic: Can you trust a cryptocurrency exchange? - page 2. (Read 291 times)
Looking with other experience I can't fully trust with exchange market and not brave for holding assets in exchange market, looking with many exchange scam without give back fund of investor like cryptopia and other exchange market. If you wanna be holder for long time better hold in your offline wallet.
It depends where they are and how regulated they are. A lot of these Crypto currency exchanges are situated in countries, where they can only operate if they adhere to strict financial/operating requirements. Some of them are regularly audited, so if there are problems, it will be spotted very early.
The problem does not neccesarilly have to do with the honesty of the exchange, but how secure their software are, because companies with weak security, will be an ideal target for hackers. You will have to ask around to determine which exchanges in your area are highly regulated and which of them have a good security history. (How many times have they been hacked or exploits reported)
The decentralized and anonymous exchanges are a minefield and you should not gamble with large deposits in these exchanges. The general rule of thumb is not to store large amounts of money and coins on these exchanges. (They should not be used as wallet providers)
The problem does not neccesarilly have to do with the honesty of the exchange, but how secure their software are, because companies with weak security, will be an ideal target for hackers. You will have to ask around to determine which exchanges in your area are highly regulated and which of them have a good security history. (How many times have they been hacked or exploits reported)
The decentralized and anonymous exchanges are a minefield and you should not gamble with large deposits in these exchanges. The general rule of thumb is not to store large amounts of money and coins on these exchanges. (They should not be used as wallet providers)
Can you trust a cryptocurrency exchange?
Depends on the use so better you should elaborate your questions since there are so many meanings for the trust you mentioned but if you mean for making it as your alternative wallet well it's a big no for me, there are countless of attacks or best to call them inside job which the balance of there user are been affected so for this incident never ever trust any of those even if they are called reputable.
But for tradings or other used then I trust several of them and you can use binance,Okex and huobi.
It all depends what exchange you are trying to mention in this post. I would likely to trust an exchange platform that are well-known and famous that are being used by many users and in that way you can see clearly who to trust or not. Though there are some small time exchange platform that are also trustworthy in my opinion. I would suggest, just don't put so much assets in exchange just to be safe, much better put your assets in external wallets instead.
For me, it is no too.
I don't know what you mean though but I don't think people should trust these exchanges. You just open or visit it when you need it but I don't think people should really depend on it. These wallets are prone from being hacked and you are prone from being scammed so people should really worry when they are using an exchange.
I don't know what you mean though but I don't think people should trust these exchanges. You just open or visit it when you need it but I don't think people should really depend on it. These wallets are prone from being hacked and you are prone from being scammed so people should really worry when they are using an exchange.
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eXch.cx - Automatic crypto Swap Exchange.
It totally depends on what they should be trusted for. Using binance as an example, since they have put in work to make their platform very user friendly that even a newbie with no experience can create an account, buy any coin of their choice without much difficulties then obviously you can easily vouch for them to be trusted in regards to that. Same too can be said about vouching for them as a trading platform, both for spot and future market.
In regards to trusting them with your money, small funds that are used for your trades can be kept with them but you should never trust any platform, be it wallet providers or exchange that isn't your personal wallet (which you should obviously have control over your private keys) to store your money for you. These platforms can easiy be hacked/shutdown and in the process you lose access to your funds.
In regards to trusting them with your money, small funds that are used for your trades can be kept with them but you should never trust any platform, be it wallet providers or exchange that isn't your personal wallet (which you should obviously have control over your private keys) to store your money for you. These platforms can easiy be hacked/shutdown and in the process you lose access to your funds.
Can you trust a cryptocurrency exchange?
short answer: no.
long answer: some exchanges are more trustworthy than others, re the likelihood of an exit scam or a seizure by law enforcement agencies. however, they are all prone to hacking or inside jobs, so relying on an exchange to store your coins = playing with fire.
no matter which exchange you use, you should minimize the time you keep money there. just deposit, do your trading, then withdraw.
it depends,u know we need to take carefully about what exchange we choose for transaction,since we give our money without any collateral.
i suggest binance,huobi,bithumb,bittrex,kucoin. i guess you is really new to crypto world. so, welcome to the ship.
i suggest binance,huobi,bithumb,bittrex,kucoin. i guess you is really new to crypto world. so, welcome to the ship.
Can you trust a Blockchain Exchange?
I have never heard of Blockchain Exchange and if it is a name then it is definitely a small and not famous exchange.and from what I understand about Blockchain it is a kind of block chain technology and works on different platforms. In addition, it is not an exchange form to trade coins with each other. If I'm wrong, correct me.
Can you trust a cryptocurrency exchange?
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