I will try to make a few points clear here.
About accounts getting blocked - some people tend to use exchanges as offshoring off money they got from illegal sources. Generally that is the reason why a legit and reputable exchange might question you or block your account. Again new exchanges may have been scams so do your own research for those.
About funds being stolen - there are precautions that you can take. Do not store funds on exchange after you complete trading. Withdraw them as soon as possible. Though this has been said to everyone since a long time but few learn the lesson only to forget in again in future.
About the legal problems with exchanges - you simply cant do anything about them in case funds get moved away. Crypto does not have rules and regulation in every country and you will actually waste time by explaining what is to the authorities than actually get anything back other than a smirk smile on their faces and getting dismissed and trolled. Sad reality.
Topic: Exchange vs exchanger - page 2. (Read 281 times)
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.
Jump to: