Topic: I stop using some exchanges - page 16. (Read 1591 times)
Although it is safe, it is not much concerned. It is too few traders and prices are always standing still. It is not suitable for traders with large amounts of money. The exchange platform attacked by hackers is a part of life. We can only wait for the police to solve those problems.
A lot of p2p exchanges are coming up one of the underrated exchange that supports local exchange also in local fiat currency is localcoinswap and i think it has a long way to go and you are right about traditional centralized exchanges that pose a serious threat if we hold our portfolio in their wallet.
Using a lot of exchanges, in my opinion, is better. Because each exchange market has prices that are different from other exchanges. But if you focus on lots of exchanges, of course, you have to be careful. And you have to be able to save your coins well so they don't disappear.
i for one have stopped using loads of exchangers for a long time now as it has been less of the expected performance compared to the standard of performance of exchangers. it is better and manageable when it is a centralised exchanger compared to when it becomes a decentralised exchanger as most of the DEX do not have security features.
Iam not use exchanges for tradings. Because iam holding my valuble coins for longterms using nano ledger hardware wallet. Exchange using only converting for my coins. If you want to use exchange for short-term trading. I can use 2FA for high security purpose. Ex: google Athonicator and etc.
I still use some exchanges, but my trade volume are down if compared to 2017. I'm not really afraid of having a few procent of my overall crypto currency portfolie on an exchange.
I'm not a good trader either, so most of my portfolie are just bitcoins I will hold the next many years on my ledger.
I'm not a good trader either, so most of my portfolie are just bitcoins I will hold the next many years on my ledger.
Well i am also not using any exchange at the moment. And the reason is the price. The market is down and with this bearish market, there are more chances of loss then profits. So my take is that do trading when the market is going bullish.
Im never good at trading ,always lose money but how about those who lose money due to exchange been hacked? Well thanks to new exchanges that only support p2p ,no profiles ,no emails ,no passwords, they are the safest out there ,this is why I'm so hooked with changelly since 2016 ,so use this kind of exchanges and you are safe from hacks and phishing who is with me? Other exchanges that are like changelly are ethershift and tokenmom ,there might be others too
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