Topic: Deleted due to compromised account - page 7. (Read 968 times)
Scam and hacks, are too major reasons why centralized exchanges are questionable, that's true. But we keep using them to trade because for now decentralized exchanges still have a very long way to go in order to replace centralized exchanges (I sincerely doubt if it's ever possible anyway). BCNEX withdrawals above 50$ can't be paid, it goes to pending state without a cancel option. It's clear that everything is not right with this exchange. Most times we preach "do not keep funds in centralized exchanges" but in the real sense, many people are caught up unawares when they trade on the exchange and they get affected.
Binance exchange is exceptional, this exchange is safe than any others exchange. I know Binance exchange got hacked but they did all funds back, who's lost investment. Latoken isn't a good exchange but legit, once withdraw time was 10 hours. Ultimately bcnex exchange got negative feedback from me even this exchange raised enough funds by ICO.
No exchange is exceptional, Binance didn't get any coins back from the hackers but were luck they had reverses that could take care of Investors funds. Those reserved were set aside in the previous year from new coin listing and exchange profit. Don't not trust any exchange, all are after their profit and not your safety. The hacks aren't only the problem of centralized exchanges but since they have control over your coins they can restrict the movement of your fund therefore withholding your freedom of your money just like banks.
True that it's not advisable to use centralized exchanges to store your crypto assets. This has been advised for so many times but sadly there are still people that doesn't understand the importance of it.
Cobinhood also has a statement regarding their closure and withdrawals will be back by Feb. 10.
Cobinhood also has a statement regarding their closure and withdrawals will be back by Feb. 10.
That really sucks, if an exchange having problem with withdrawal lke that which I think is, they are running out of balance that means they have used the money from all their users for something and they probably lose that money. I know that we shouldnt trust centralized exchange but we can't deny the fact that we also need it. that's why only use it temporarily and choose the popular ones.
I think it's not just the exchange but we should be extra more careful when handling our crypto to any exchanges. Never store any amount or at least big amount on any exchanges because when things like hacking occurred there's no way we can recover those stolen crypto. Bitcoin and cryptocurrency exist because it is designed to be held by us or be our on bank instead of relying too much to a centralized exchanges.
I think bcnex has not been hacked or funds stolen it is either their mismanagement or bad intentions that is causing the withdrawal issues, first they locked the withdrawals for 20 days which was never seen before thing even in centralized exchanges and now after 20 days when they have opened withdrawals there have been complaints of delays, they may be checking or testing it that things are normal and doing everything manually but im sure if they do not normalize things by tomorrow even their longterm supporters will also start calling them scam. So i hope they will be proactive enough to resolve these issues today otherwise things do not look good.
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That really sucks, if an exchange having problem with withdrawal lke that which I think is, they are running out of balance that means they have used the money from all their users for something and they probably lose that money. I know that we shouldnt trust centralized exchange but we can't deny the fact that we also need it. that's why only use it temporarily and choose the popular ones.
Binance exchange is exceptional, this exchange is safe than any others exchange. I know Binance exchange got hacked but they did all funds back, who's lost investment. Latoken isn't a good exchange but legit, once withdraw time was 10 hours. Ultimately bcnex exchange got negative feedback from me even this exchange raised enough funds by ICO.
actually not only in a centralized exchange but with any exchange that has millions of dollars in assets is also one of them, because fraudsters are always after valuable items.
therefore, for anyone, never store your assets for too long in the Exchange, because it is very risky against hacking.
Be a wise user, use exchanges according to your needs.
therefore, for anyone, never store your assets for too long in the Exchange, because it is very risky against hacking.
Be a wise user, use exchanges according to your needs.
Of course they can be hacked or scammed at any time that is why you should use wallet for storing cryptos not an exchange.
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