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Topic: How to protect yourself from losing assets from exchange malpractices. (Read 21 times)

legendary
Activity: 2534
Merit: 1713
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I have no idea why you posted about this particular subject with these warnings about exchanges, it seems to be a post for the sake of making a post.

Keeping that aside, when a newbie account comes along and posts with such detail it raises some questions. I have read your posting history and am certain that the traits you exhibit are synonymous with those that are multi-accounting. How many accounts are you operating within the forum?

Following the recent news regarding the issues that a lot of the top exchanges have been dealing with, I think it's important that we all become aware of some things to look out for before using an exchange, so you don't lose your assets to whatever they get caught up in.

I think the most obvious one is when an exchange is usually prioritizing listing hypes over solid fundamentals which mostly leads to "pump and dump" cycles.

It's also not a good look if your exchange continues to ignores whistleblowers and refuses to address internal corruption. It just tells you it's not a platform you can trust, at least that's what I'd think if I noticed that my exchange does something like that.

You can also check for the sentiment that traders have about the exchange online, although it's usually not always accurate, it can be a good start.

In the end, it's just about doing your due diligence, and making sure that whichever platform you use, you've made sure your assets would be safe there.

if you're interested in reading about the latest concerns as regards these exchanges, you can check here
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
If you use an exchange to buy crypto or cash out crypto, simply withdraw fast.
Many exchanges offer very fast withdrawals these days including crypto and FIATpsyments.

If you use the exchange for trading, of course the above applies but it's important to remember that also trading can be done with leverage and for instance you can keep only minor amounts in exchange and serve several styles of trading by simply doing margin supported trades. For these cases you don't actually need to keep all your cash in an exchange.
hero member
Activity: 3094
Merit: 726
I think the most obvious one is when an exchange is usually prioritizing listing hypes over solid fundamentals which mostly leads to "pump and dump" cycles.

Exchanges focus more on hype coins because that’s where the money is. As long as a coin meets the listing criteria, they’ll add it without hesitation. Even major exchanges like Binance list a lot of meme coins purely because of the hype, so in that sense, there’s really no difference among exchanges, except for trading volume, where Binance is way ahead of the rest. 

And I guess, I wouldn’t call this malpractice on the exchange’s part since at the end of the day, it’s up to us whether we trade these coins or not. There are plenty of options and if we want to play it safe, we can always stick to proven coins that have been around for years.
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Activity: -
Merit: -
Following the recent news regarding the issues that a lot of the top exchanges have been dealing with, I think it's important that we all become aware of some things to look out for before using an exchange, so you don't lose your assets to whatever they get caught up in.

I think the most obvious one is when an exchange is usually prioritizing listing hypes over solid fundamentals which mostly leads to "pump and dump" cycles.

It's also not a good look if your exchange continues to ignores whistleblowers and refuses to address internal corruption. It just tells you it's not a platform you can trust, at least that's what I'd think if I noticed that my exchange does something like that.

You can also check for the sentiment that traders have about the exchange online, although it's usually not always accurate, it can be a good start.

In the end, it's just about doing your due diligence, and making sure that whichever platform you use, you've made sure your assets would be safe there.

if you're interested in reading about the latest concerns as regards these exchanges, you can check here
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