Topic: [Poll] What are the safest platforms? - page 2. (Read 557 times)

I had the impression that Bankman was somewhat childish, but I understood some things only after watching this video interview, so although someone may say that his performance is a consequence of everything that happened, he left the impression on me of someone who does not understand very simple questions at all. At one point, I thought, are millions so naive that they were managed to be deceived by such a scumbag - or is Bankman just someone's puppet?

Do not trust any exchange with funds. We need to learn from the past because history repeats itself.

This is the same guy who said that "no book is ever worth reading". Watch him in any interview and he comes across almost like a child. Unbelievable that nobody who used FTX bothered to look in to this before sending their money to this scammer.

As I've pointed out elsewhere, Binance's "proof of reserves" has proven exactly nothing. And CZ is a highly untrustworthy individual, who has proven he is willing to outright lie to his users in order to make himself more profits.

I vote for Binance, but I don't bet money there, so there is no safe exchange, even though Binance, which many people say, doesn't interest me at all, so don't put your hopes on the exchange, even if the platform is said to be safe from bankruptcy.

Back again to the example of FTX which would not have thought it would go bankrupt but in fact it happened, so not only FTX, the previous exchanges also felt the same way about their bankruptcy.
Propaganda is still going on Binance platform is getting attacked by FUD I don't think CZ exchange will crash anytime soon but it remains risky for long time.

You should change the title of your thread to what's on your poll
there are no safe exchanges right now only the least risk, we all thought FTX is safe because it's being managed by a seasoned entrepreneur but look at what happened to FTX, it can also happen to Binance, and Kraken or Kucoin no exchange is safe now, but we can categorize exchange as least risky for me its Binance they have shown their reserves and CZ is very diligent on making his platform safe.

Nope. The exact opposite (emphasis mine):
That's how the saying goes - the empty vessel makes the most noise. Often the platforms which are struggling the most will spend the most on advertising and partnerships and sponsorships and all the rest to make them appear in a much stronger position than they actually are. Meanwhile actually strong projects (such as Bisq) essentially have no advertising at all.

It's a mirror image of the whole of crypto itself. Bitcoin, a truly decentralized coin has essentially zero advertising budget, but is and always has been the safest and most secure coin. Centralized shitcoins, on the other hand, spend millions on advertising, airdrops, flashy websites, signature campaigns, social media campaigns, YouTube sponsorships, and so on on, and end up collapsing or scamming and everyone losing their money.

@everyone. I am very aware that with centralized exchanges, none of them is 0% risk from bankruptcy, insolvency, government crackdowns or hacks. I am also not encouraging everyone to deposit their coins to the exchange with the highest votes in the list. However, the poll is asking which of those exchanges in the list have the least risk. None of the above is not an option.

Everyone can vote for 2 exchanges.

Much of what is thrown at Binance right now is probably just out of spite. But it doesn't discount the fact that Binance could fall anytime, just like Mt. Gox, QuadrigaCX, FTX, and countless others.

If you think that Binance's behavior right now is a guarantee that it isn't going bankrupt anytime, you could have been fooled more easily by FTX's behavior mere months before it collapsed. You should indeed be shaking your head with that logic of yours.

Who would have thought that FTX would crumble down after bailing out Voyager and BlockFi, looked into buying Robinhood, considered bailing out Celsius as well, and had billions ready to save crypto firms that lost liquidity amidst the crypto winter?

Who would have imagined that the CEO of FTX who donated many millions to politicians, even mentioned that he could donate a "soft ceiling" of $1 billion in the 2024 elections, is actually running a bankrupt company?

Who would expect that the platform that squandered so much money on very expensive ads like the Super Bowl, naming rights on Miami Heat's Arena, UC Berkeley football field, Mercedes F1 team, and others is actually going insolvent soon?

Who would have expected that the exchange that has stars like Steph Curry, Naomi Osaka, Tom Brady, Shaquille O'Neal, and others under its payroll is actually having financial troubles within?

Binance's activities right now are incomparable to that of FTX months ago, and yet FTX suddenly died. Is it, therefore, a surprise to you if Binance would also die anytime?

This must be what the title says ^{[What are the safest centralized exchange platforms]}.
We know that centralized exchanges are not safe at all, but for all of those you have mentioned above, I voted for Binance and Kucoin which I think are safe as for now --I don't know in the future.
Even CZ says, your funds are in SAFU and keeps believing people that they are fine now behind those rumors that they suffer massive losses due to many people withdrawing their funds. It is not good to store your coin there for a long period of time all CZ says are marketing ads that will attract people. Decentralized exchnage is the safest platform ^{[bisq and Hodl-hold]}.

For so many tears I've been reading a lot of complaints on exchanges and what happened this year on FTX cemented my belief that all exchanges can suffer a breach because this is the platform most targeted by scammers because this is where the money is I'm also one f those who preach that never trust an exchange and also go for the most stable and have the least risk in the industry in my experience Binance and Kucoin.
When using an exchange don't let your coin hang in there for long, you just never know what happens both of the exchanges I picked can be hacked or can get in trouble.

I won't bet my money on any of the exchange, how many of you guys ever imagined FTX will go bankrupt few months back?

Binance seems to be safer for many I do agree but it does one of the exchange emerged in recent years so better not to trust any of the FUD as well as centralized exchanges.

Although I and most of the users here have submitted the names of Binance and bybit, it doesn't mean that these are the platforms to blindly put trust on. I would never trust any exchange to store my money because what happened with FTX, shows that the best of the best exchanges can go bankrupt and we may lose our funds if we just blindly keep our money stored there.
I know some of my friends who cried because they are unable to take out their funds (the amount was not that considerable but still) from FTX when they came to know about its collapse. It wasn't like losing their lifetime earnings at that place, but their trust in crypto was over after what happened.

I share your opinion, and I also can't stop being surprised that many people ask identical questions, as if, after all, people should still be encouraged to unreservedly believe that option A will be better than option B or C. As for trading, which is why centralized platforms exist, then I guess it should be most important that they have liquidity, as few fees as possible and KYC, which is not a nightmare.

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It's your personal matter, if you want to believe that CZ is a person of high trust who does good for all of us, then live in that belief. Until recently, you had a very positive opinion about Bankman, and it turned out that he is not exactly the most intelligent, quite the opposite.

From the list I strongly believe that to make this a fair comparison for all, we have to consider how many countries are able to access these platforms and I think crypto.com and bybit doesn't cover most countries...which means they are low risk takers and don't move on to my finalists but could be considered safe in their small markets  

On the contrary Binance seems to be the big dog of the industry and have fought off several hurdles such as regulation blocks which was used to slow them down, but they made it out alive and still hold top spot and pretty much have all the experience & they have seen it all in regards to safety which probably has forced them to have put measures to protect their clients assets in case something unfortunate happens which makes them the safest bet here.

As for Kucoin, well these guys could have taken top spot  as they have been in this business for such a long time and understand the industry well, but they seem to be keeping a low profile in terms of making their presence known which suggests they are comfortable were they are. In terms of a safety, they have had less incidents of exchange compromises which makes them another safe platform to consider.

But remember, "not your private key not your coins" so remain cautious when using any of these exchanges.

All centralized exchange are at risk of getting hacked, even Binance is not safe, CZ has done a lot of great things but centralized are constantly on the attack and they are vulnerable to losing the trust of investors, of all the exchanges listed on the poll Binance is the least risky, but its risk not different from all the risk all exchanges are facing.
We don't need another FTX fiasco for us to realize that exchanges are not for storing coins, only exchange the amount that you want to and pick the right noncustodial wallet.

Bisq, because there's no single authority who will control everyone funds, Bisq wallet is non custodial but you need to transfer to your hardware wallet to make it more safer.

Those centralized exchanges on the poll are very vulnerable against hacker since hacker is more clever and will trying to find a way to get huge money from centralized exchanges.

As o_e_l_e_o just posted, I think you forgot about FTX bailing out Voyager and BlockFi?

Yeah, that didn't end well for either of them.

You see, bailing out some other company may make you look altruistic, but it does not make you trustworthy to most people. Altruism =/= trust (and in SBF's case he had a particularly cynical form of "altruism").

Where is the option "None of the above"?

Umm, FTX bailed out BlockFi just a few months before FTX collapsed. Bailing out another company means nothing, and indeed, could simply be a ruse to try to convince users that everything is ok.

FTX had been online for a long time without problems. So had Celsius. So had Voyager. So had every other exchanges which has collapsed recently. Again, this means nothing.

I wouldn't trust a single one of these platforms with a single satoshi.

Regardless of which platform claims to be the best or whether someone believes they have high security against exploits. Still, it does not justify as to how you will be going to hold your money using an exchange. In fact, knowing that your coins are stored off of an exchange can save you a lot of headaches, especially when the big trading platforms go south. You also don't want to consider fund reimbursements promised by exchanges as insurance though!!

Plus, knowing which red flags are associated with bankruptcy is not important because remember exchanges are safe until such time it didn't. We have no control over them except over our own money.

I don't know which is the safest but I am damn sure crypto.com isn't among them. crypto.com sounds like a crap business that a good domain. It looks pretty similar to ftx.com to me. Back in the day I knew ftx.com was going to go shit and I feel the same stuff for crypto.com.

I have no idea about bybit.

I traded some coins on kucoin and binance before. Binance asked for KYC out of the blue and I had to comply just to get my a few hundred bucks out. I haven't had a problem like that with kucoin but that don't mean these exchanges are the safest.