Topic: Do you trust centralized exchanges? - page 13. (Read 1974 times)
I think that most participants do not trust centralized exchanges, but still trade on them. And there is a simple explanation for this: DEX has high fees and low liquidity. In addition, most of the tools that are available on CEX are missing on decentralized exchanges. This is the possibility of using margin trading, futures and such elementary ones as stop loss.
I think you heard the last news about the Turkish stock exchange:
https://decrypt.co/68703/billion-dollar-rug-pull-turkish-bitcoin-exchange-goes-dark
Customers fear a rug pull as Turkish crypto exchange Thodex abruptly halted trading.
At any time, money can be blocked for an unknown time.
Recently, I have not been trading on centralized exchanges and have kept as much money there as it’s not a pity to lose
https://decrypt.co/68703/billion-dollar-rug-pull-turkish-bitcoin-exchange-goes-dark
Customers fear a rug pull as Turkish crypto exchange Thodex abruptly halted trading.
At any time, money can be blocked for an unknown time.
Recently, I have not been trading on centralized exchanges and have kept as much money there as it’s not a pity to lose
In my opinion everyone should follow this golden rule - to keep on the exchange such an amount that is not afraid to loose in case something goes wrong, and it does not depend on whether it is centralized or decentralized exchange. Nobody and nothing can guarantee you the full safety for your assets. The risk is really may be high and unnecessary.
I think you heard the last news about the Turkish stock exchange:
https://decrypt.co/68703/billion-dollar-rug-pull-turkish-bitcoin-exchange-goes-dark
Customers fear a rug pull as Turkish crypto exchange Thodex abruptly halted trading.
At any time, money can be blocked for an unknown time.
Recently, I have not been trading on centralized exchanges and have kept as much money there as it’s not a pity to lose
To be honest, it's hard to trust centralized exchanges, although they can have all the liquidity, the trading volumes, but they can just do anything in their power to stop trading themselves just like in this case. And this is a reminder for all of us, don't feel comfortable and just keep money in their for trading purposes only and don't leave all your money in centralized exchanges. https://decrypt.co/68703/billion-dollar-rug-pull-turkish-bitcoin-exchange-goes-dark
Customers fear a rug pull as Turkish crypto exchange Thodex abruptly halted trading.
At any time, money can be blocked for an unknown time.
Recently, I have not been trading on centralized exchanges and have kept as much money there as it’s not a pity to lose
It depends on the centralized exchange policy where you live, as long as you are outside of Turkey and still think the exchange is something that has not been threatened with termination, then you don't need to worry, although caution is necessary.
news that made the crowd panic..
and need to be careful not to lose too much when entering the market.
better to find an exchange that currently has a lot of enthusiasts and a well-organized team..
That is obvious because luck is very difficult to find so it is necessary to enter a market that is already popular and has a lot of support which is always useful for their users when they are in the market. and need to be careful not to lose too much when entering the market.
better to find an exchange that currently has a lot of enthusiasts and a well-organized team..
I think you heard the last news about the Turkish stock exchange:
https://decrypt.co/68703/billion-dollar-rug-pull-turkish-bitcoin-exchange-goes-dark
Customers fear a rug pull as Turkish crypto exchange Thodex abruptly halted trading.
At any time, money can be blocked for an unknown time.
Recently, I have not been trading on centralized exchanges and have kept as much money there as it’s not a pity to lose
https://decrypt.co/68703/billion-dollar-rug-pull-turkish-bitcoin-exchange-goes-dark
Customers fear a rug pull as Turkish crypto exchange Thodex abruptly halted trading.
At any time, money can be blocked for an unknown time.
Recently, I have not been trading on centralized exchanges and have kept as much money there as it’s not a pity to lose
Thodex exchange ? i've never heard that exchange. How can rug pull exist on centralized exchange ? In my knowledge, rug pull can be done on decentralized exchange by removing the liquidity there, usually the owner of the token, or the dev who can rug pull it.
Personally, i trust top centralized cryptocurrency exchange such binance and currently still using it.
Basically it's depend on which exchange, For this case i suppose this was small exchange and have some problem or fishy scenario and i won't trust CEX with something like this but there will be different case if CEX like Binance, Bittrex, Kucoin, etc. I will trust it since i suppose they was more care to their reputation and better to become an long-term Crypto exchange.
Just never trust anything not to mention something that have something to do with money, as you know money's influence on triggering people's greed is really strong therefore why I always avoid to keep my money for too long in an exchange since moving the money over to my desktop wallet isn't that complicated anyway and always prioritize using dex which right now isn't really good idea considering the fee and all. Such a shame though if the exchange you mentioned really did a rugpull. Honestly this whole centralized exchange make crypto feels like centralized bank all over again.
Centralized exchanges are a good place of exchange to reduce transaction costs instead of DEXs, but leaving assets on centralized exchanges is also risky. There are attacks or sudden shutdowns of transactions due to criminal activity of the operator or customer and attacks by hackers. We have seen many major exchanges fall for the above reasons like MTGOX, Cryptopia, BTC-E ... Also there are some scam exchanges, they only allow deposits and no withdrawals.
It is clear that leaving money on exchanges has a certain risk so choosing an exchange to deposit money is also essential. I trust major exchanges like Coinbase, Binance, Kucoin, Houbi, Bittrex because they are old exchanges and have a large user base.
It is clear that leaving money on exchanges has a certain risk so choosing an exchange to deposit money is also essential. I trust major exchanges like Coinbase, Binance, Kucoin, Houbi, Bittrex because they are old exchanges and have a large user base.
We often encounter such problems.
Six months ago, the okex exchange did not withdraw customer funds for a long time
https://www.okex.com/support/hc/en-us/articles/360051090391
At the beginning of the year, users lost funds on the LiveCoin exchange.
http://livecoin.news/
If you store large sums on centralized exchanges, then there is always a risk of losing access to funds or losing them.
Six months ago, the okex exchange did not withdraw customer funds for a long time
https://www.okex.com/support/hc/en-us/articles/360051090391
At the beginning of the year, users lost funds on the LiveCoin exchange.
http://livecoin.news/
If you store large sums on centralized exchanges, then there is always a risk of losing access to funds or losing them.
news that made the crowd panic..
and need to be careful not to lose too much when entering the market.
better to find an exchange that currently has a lot of enthusiasts and a well-organized team..
and need to be careful not to lose too much when entering the market.
better to find an exchange that currently has a lot of enthusiasts and a well-organized team..
Don't store too much fund on centralized exchange no matter how well "regulated" the exchange appears to be. Bitcoin was meant to let you control your own fund and then trade peer-to-peer with other participants. So, it's better to trade on exchanges (especially the decentralized ones) that let's you trade while you control funds. They are generally called non-custodial exchanges
damn, that disaster. i just started to worrying about my coin on many central exchange 
, mostly on the exchange which it creating a startup for shitcoin project, well , i guess after lock up opened , i just put a small amount left, but i have question, did this possible ? major exchange like kucoin gone suddenly ?
, mostly on the exchange which it creating a startup for shitcoin project, well , i guess after lock up opened , i just put a small amount left, but i have question, did this possible ? major exchange like kucoin gone suddenly ? 
i trust some centralize exchange like binance, coinbase enough to keep my funds for sometimes and not be afraid, i know the 'not your key not your fund' propaganda but as long as centralized exchange exist people will always want to use them and also keep their funds, besides, the high transaction fee is another reason why people will keep their funds on cex, paying fees to transport funds back and forth is in anyone's best interest.
I don't trust them to be honest but we don't have decentralized marketplace with enough liquidity to trade as such in centralized exchanges so I am not leaving any funds iut there for any reason, just deposit == trade == withdraw with not much of waiting time so I can reduce the chances of losing funds.
I didn't know this exchange, probably it was a local one only for Turkish customers. How it could manage to hold 1 billion dollar assets is very difficult to think of.
We keep telling not to hold coins in centralized exchanges, because these are the results. It is a big factor when calculating risk. While there are a few exchanges regulated there is no way trusting them.
The high fees in some blockchains are a problem though, and it makes newcomers to just keep holding in the exchanges they buy. Trading also becomes difficult at times in DEX and P2P exchanges and beginners usually don't touch those.
The only risk I am taking is when moving funds to a few big exchanges just to keep for a few trades. These trades may be lengthy but the risk of losing my funds is calculated before using them.
We keep telling not to hold coins in centralized exchanges, because these are the results. It is a big factor when calculating risk. While there are a few exchanges regulated there is no way trusting them.
The high fees in some blockchains are a problem though, and it makes newcomers to just keep holding in the exchanges they buy. Trading also becomes difficult at times in DEX and P2P exchanges and beginners usually don't touch those.
The only risk I am taking is when moving funds to a few big exchanges just to keep for a few trades. These trades may be lengthy but the risk of losing my funds is calculated before using them.
I think you heard the last news about the Turkish stock exchange:
https://decrypt.co/68703/billion-dollar-rug-pull-turkish-bitcoin-exchange-goes-dark
Customers fear a rug pull as Turkish crypto exchange Thodex abruptly halted trading.
At any time, money can be blocked for an unknown time.
Recently, I have not been trading on centralized exchanges and have kept as much money there as it’s not a pity to lose
https://decrypt.co/68703/billion-dollar-rug-pull-turkish-bitcoin-exchange-goes-dark
Customers fear a rug pull as Turkish crypto exchange Thodex abruptly halted trading.
At any time, money can be blocked for an unknown time.
Recently, I have not been trading on centralized exchanges and have kept as much money there as it’s not a pity to lose
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