ALERT!
Click here to register with a few steps and explore all our cool stuff we have to offer!
Cryptocoins

Avoid Centralized Exchanges Like a Plague - Literally

Submitted by BlueBison at 15-04-2024, 05:43 AM


Avoid Centralized Exchanges Like a Plague - Literally
1.734 Views
BlueBison's Avatar'
BlueBison
Offline
#1
I see that the crypto community getting tricked each time, and I hate it, this is a serious problem that can be easily prevented

NEVER EVER trust a centralized exchange

Just use a decentralized exchange/wallet and save your seed in a safe way; safe place (you need to do some Google/YT search to know how to do so correctly)

We saw what happened with FTX and other exchanges lately, including some US / Turkey exchanges and in other countries

Even the most popular exchanges like Binance and Coinbase should not be trusted, as they can easily lock your funds forever just by saying "Sorry you violated our TOS".

No matter how much the exchange is popular and considered trustworthy like Binance and Coinbase don't trust them either, use decentralized exchanges/wallets

Using decentralized exchanges and wallets is a MUST and the best way to protect your funds from central exchanges and hackers. PEOPLE you have to realize that your centralized exchange have the power to control your own funds, and LEGALLY lock you out of your OWN money, for any dumb reason they come up with, they just have to refer to their long vague non-understandable TOS. Which no one reads anyway.

PEOPLE WAKE UP PEOPLE
[Image: bison-code-gif.gif]
.
[Image: standard.gif]
1
Reply
BlueBison's Avatar'
BlueBison
Offline
#2
little bump...
[Image: bison-code-gif.gif]
.
[Image: standard.gif]
0
Reply
BlueBison's Avatar'
BlueBison
Offline
#3
little bump..
[Image: bison-code-gif.gif]
.
[Image: standard.gif]
0
Reply
BlueBison's Avatar'
BlueBison
Offline
#4
avoid that
[Image: bison-code-gif.gif]
.
[Image: standard.gif]
0
Reply
BlueBison's Avatar'
BlueBison
Offline
#5
Using decentralized exchanges and wallets is a MUST and the best way to protect your funds from central exchanges and hackers. PEOPLE you have to realize that your centralized exchange have the power to control your own funds, and LEGALLY lock you out of your OWN money, for any dumb reason they come up with, they just have to refer to their long vague non-understandable TOS. Which no one reads anyway.
[Image: bison-code-gif.gif]
.
[Image: standard.gif]
0
Reply
BlueBison's Avatar'
BlueBison
Offline
#6
bumping this
[Image: bison-code-gif.gif]
.
[Image: standard.gif]
0
Reply
BlueBison's Avatar'
BlueBison
Offline
#7
little bump..
[Image: bison-code-gif.gif]
.
[Image: standard.gif]
0
Reply



Users browsing this thread: 1 Guest(s)