Recently, we are increasingly seeing problems with exchanges. Some may block an account, others may be subject to hacker attacks. As you know, recently, after the death of the founder of QuadrigaCX, millions of dollars were unavailable, because he was the only person who knew the password to the “cold wallet”. It causes some thoughts to me. We do not know who is behind the exchange, and what actions are taken. User funds can be used for criminal activity. Therefore, it seems to me that exchangers, besides the fact that they are simpler to use, are much safer. Now I am looking for an exchanger, and I would like to learn from the community about those platforms that offer the best conditions.
That's the thing you need to deal on every exchange.
Even we don't like the idea, there will be really a time that you will used a service of a centralized exchange because of
a)less hassle way of deposits especially if your country was supported
b)some of them are reputable
c)processing a smooth withdrawal
d) daily volume
e) any many other more.
Now I am looking for an exchanger, and I would like to learn from the community about those platforms that offer the best conditions.
Following to my response above:
a) if your purpose is to just hodl coins, then you can choose a reputable one, make some order, then get out
(withdraw). Stored it on your wallet where you control your private keys and just moved it when you think it's time now to make some actions.
b)if your purpose was to trade, you really need to deal with the risks of using a centralized exchange as it was hassle to do transfer from exchange to your wallet and vice versa. To minimized the risks, just choose the reputable ones. If you already have some coins but it's not listed reputable exchanges, then up to you to sell it P2P or deal with the risks of using the exchange where it was listed.