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Author Topic: Which instant crypto exchange is the safest?  (Read 278 times)
Benefactor
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October 25, 2020, 12:07:14 PM
 #41

They are started with first exchange and finishes quickly and sends the coins immediately. They don't have the withdrawal expenses simply the trade one. Where trade is unimaginable. solid the security of every stage, But eventually, there is favorable position and burden for both Decentralized and Centralized trade.


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sarmrakib
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October 25, 2020, 12:20:01 PM
 #42

I don't know about the others, but DEX is enough for me - and I really like it. Why?
On regular exchanges you don't have the keys, so you don't really own any money there.
On DEX, I trade directly from my personal wallet, so whatever happens to any DEX, my money will definitely be safe.

Dex tends to be more comfortable and secure than storing our assets on regular exchanges. Even though I still do transactions on Binance or Indodax, I prefer Uniswap, no KYC and control is in our hands.
DEX can be complicated sometimes for newbies like myself that's why I prefer binance and I believe the best trading platform are top Centralized exchanges like binance and few others, it's also not a must to go through KYC on binance exchange, the fastest insta exchange I know is changelly and shapeshift
Yes really it could be make some trouble for newbies but still its very interesting to use .On the other hand i think it is CEX exchange which is more secured than DEX platform and i wanna prefer Binance as you also did this .It is the top exchange and i never faced any issue with that .

coiner-88
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October 25, 2020, 03:45:34 PM
 #43

Trades like change, however they are still better for changing over to bitcoin or other high expenses coins, for the entirety of the low withdrawal charges coins, unified trades like binance are far superior. Cryptographic money trade will change contingent upon where you are and the size and recurrence of your exchanges.

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Ebullientfellow
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October 28, 2020, 11:39:07 PM
 #44

Except it's a DEX, no CEX is secure. Almost all centralized exchanges have been hacked but for very few. Kucoin, Binance, etc all have been hacked.

My only worry about DEX is the high gas fee due to Ethereum network congestion. Once this is solved, more people will port to AMM Model exchanges.
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October 29, 2020, 06:46:14 AM
 #45

Binance type high-rank exchanges good enough security
Slightly mistaken there, high rank exchanges also are the biggest targets since the hackers know that they are going to get the biggest market share of users accounts there. Same with high ranked torrent sites and file sharing sites. Thus it makes sense to have accounts on more than one exchange as failsafe in case one gets hacked and you need to trade still.

Again dont keep trades on standby on exchanges, which seems an illogical thing to do since you are there to trade anyway but it is a safety thing, you just have to trust and hope the exchange does not get hacked in the meantime while your money is blocked on the orderbook.

R


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