Riocasino
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December 26, 2022, 05:51:57 AM |
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Not your key not your crypto.
I use knly decentralized exvhanges.
But if i had to bet on one it would be binance
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freedomgo
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December 26, 2022, 07:45:06 PM |
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I'd say the exchanges that currently remained to be unhacked are pretty "safe"; probably Binance and Coinbase. But that doesn't mean I'll recommend leaving funds on these platforms. The developers can make the platform as secure as possible, but never secure enough to the point that it's impossible to hack. Exploits will always be a risk. Not because these "unhacked" exchanges remained unhacked for years doesn't automatically mean it'll stay the same forever. https://NotYourKeys.org How do you explain these things to the people whom have entrusted their funds and assets to you for safe keeping hoping that what they gave to you is under safe care only to wake up to a sad news of their assets being stolen by hackers. How do you explain all these.
That's why you don't let other people entrust their funds to you. You have not much to gain but everything to lose. There is no way centralized exchanges can be safe. Although some reputable ones are safer than we think, but we don’t know how the future holds for them. The reason why people should never entrust their coins in centralized exchanges in the first place, but it should be decentralized ones. But it’s always certain, the only way people will learn is to experience first the mistakes and losses before they start to realize that it’s not always safe having centralized exchanges around.
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indah rezqi
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December 26, 2022, 08:22:03 PM |
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As many users before me have said, centralized exchange are not completely secure, whatever their promises to their customers. Don't trust all your funds to an exchange, it should be in your wallet in the long term. Even though we believe in some exchanges, but basically we have to remain responsible for our assets there. This means that we accept any consequences that may occur, good or bad are the consequences. There is no way centralized exchanges can be safe. Although some reputable ones are safer than we think, but we don’t know how the future holds for them. They'd be safe to some extent, after all we seem to know what the risks are.
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Fatunad
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December 26, 2022, 11:49:14 PM |
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I'd say the exchanges that currently remained to be unhacked are pretty "safe"; probably Binance and Coinbase. But that doesn't mean I'll recommend leaving funds on these platforms. The developers can make the platform as secure as possible, but never secure enough to the point that it's impossible to hack. Exploits will always be a risk. Not because these "unhacked" exchanges remained unhacked for years doesn't automatically mean it'll stay the same forever. https://NotYourKeys.org How do you explain these things to the people whom have entrusted their funds and assets to you for safe keeping hoping that what they gave to you is under safe care only to wake up to a sad news of their assets being stolen by hackers. How do you explain all these.
That's why you don't let other people entrust their funds to you. You have not much to gain but everything to lose. There is no way centralized exchanges can be safe. Although some reputable ones are safer than we think, but we don’t know how the future holds for them. The reason why people should never entrust their coins in centralized exchanges in the first place, but it should be decentralized ones. But it’s always certain, the only way people will learn is to experience first the mistakes and losses before they start to realize that it’s not always safe having centralized exchanges around. It would be never be safe, once you do deposit your funds into any centralized platform or simply you dont possess the wallet keys then make yourself that prepared and convinced that its not your money anymore. Its one of the common or known risk that chances of hack and running away funds is mostly could happen even though not that rampant but dont make yourself that get confident on this situation. This is why on the time that you had make use of these exchanges or simply had done trading then it would be always recommendable on pulling out your funds and transfer them into those non-custodial wallets for much safer storage of your coins or assets.
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nullama
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December 27, 2022, 02:48:42 AM |
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As many users before me have said, centralized exchange are not completely secure, whatever their promises to their customers. Don't trust all your funds to an exchange, it should be in your wallet in the long term. Even though we believe in some exchanges, but basically we have to remain responsible for our assets there. This means that we accept any consequences that may occur, good or bad are the consequences. ~snip~ Exchanges should be used to exchange, not to store your Bitcoin. Buy bitcoin there, then send to your own wallet, that's the only way to truly known you just bought real Bitcoin, and not some fake IOU People that keep their "bitcoin" in exchanges are always in a position in which they can lose all that money overnight.
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Sharonchy
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December 27, 2022, 03:40:52 AM |
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I was wondering if there could still be any safe centralised exchange in the blockchain industry. Of lately lots have been unveiling itself and centralisedexchanges are at the end of it all. Does it mean that these centralised exchanges that are in existence lacks the capability to safeguard assets and funds after attracting investors and traders to their platforms for engagement and activities? How do you explain these things to the people whom have entrusted their funds and assets to you for safe keeping hoping that what they gave to you is under safe care only to wake up to a sad news of their assets being stolen by hackers. How do you explain all these.
At first identifying the problem is a basic course for rendering solutions. If these problems are not identified immediately by the exchanges for quick remedy then who's to be blamed for it. Do they really do constant check on their service to know their lapses, if they do, do they identify it immediately with utmost attention? Do they do a constant check and evaluation on their staff and mechanisms.
With all these said, what are your opinions on this subject matter as I feel this needs to be looked into for possible measures to be taken for so as to further prevent or minimise the rate at which exchanges get hacked or being careless with investors and traders funds.
Most centralized exchange hacks are organized crimes by the owners, even some of this token, which they claim is decentralized, when it is not. For example project developers will promise to pay you a token as a bounty hunter, which was in a setting rate of price, but two or a day before the distribution you will see the token falling. My advice to investors is proper investigation.
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dansus021
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December 27, 2022, 06:13:22 AM |
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Mt Gox was deemed the safest in 2013. So many forum posts here saying so and even recommendations. Same was said about FTX, big stars came on TV ads and told everyone it was the best and the bomb. Now a lot of people say Binance but they have been hacked before, no reason to think they'll never be hacked again..
There will never be a safe exchange, DEX or CEX. But you can always limit your risk by not keeping crypto on exchanges if you don't want to trade them.
Hard to believe but it is true. the current doomed CeX "FTX" is hype all over the place the ads is everywhere their futures product is massive bunch of token and coin. but still they ended up like this In my opinion there is no system is SAFE, just use centralized as simple as possible like trade and withdraw not for long term
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valeneu
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December 27, 2022, 08:42:46 AM |
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I was wondering if there could still be any safe centralised exchange in the blockchain industry. Of lately lots have been unveiling itself and centralisedexchanges are at the end of it all. Does it mean that these centralised exchanges that are in existence lacks the capability to safeguard assets and funds after attracting investors and traders to their platforms for engagement and activities? How do you explain these things to the people whom have entrusted their funds and assets to you for safe keeping hoping that what they gave to you is under safe care only to wake up to a sad news of their assets being stolen by hackers. How do you explain all these.
At first identifying the problem is a basic course for rendering solutions. If these problems are not identified immediately by the exchanges for quick remedy then who's to be blamed for it. Do they really do constant check on their service to know their lapses, if they do, do they identify it immediately with utmost attention? Do they do a constant check and evaluation on their staff and mechanisms.
With all these said, what are your opinions on this subject matter as I feel this needs to be looked into for possible measures to be taken for so as to further prevent or minimise the rate at which exchanges get hacked or being careless with investors and traders funds.
Not all exchanges are perfectly safe. We don't trust any centralized exchange completely, if the exchange goes wrong or gets hacked, a lot of money will be lost. So keep your funds safe in your own wallet and keep your own keys for extra security.
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Cryptmuster
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Bisq
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December 27, 2022, 09:25:31 AM |
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Exchanges should be used to exchange, not to store your Bitcoin.
Buy bitcoin there, then send to your own wallet, that's the only way to truly known you just bought real Bitcoin, and not some fake IOU
People that keep their "bitcoin" in exchanges are always in a position in which they can lose all that money overnight.
To buy bitcoin, you can also use other resources with a good reputation, and thus you can not use the CEX, but among the centralized exchanges there are also those with a good reputation that are suitable for buying bitcoin. But they are not suitable for storing bitcoins there. Only if you are a trader and you need to keep some part of the funds on the exchange, and this should be an insignificant part of your portfolio, in other cases, storing bitcoin on exchanges should be excluded for your own safety.
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oaz7t
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December 27, 2022, 11:45:14 AM |
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Thats the specific word we are trying to avoid lately. That is the issue with the current system of exchanging the crypto currencies. The problem is not with the centralised system but its major issue with "Centralised Crypto Exchanges". Unfortunately we have never heard or seen any wall street broker website or exchanger got hacked just like that. There might be incidences but very rare and that's what makes me think, why only crypto exchanges are in the news for hacking and money getting stealing away. Call it general statement or conspiracy theory, but centralised crypto exchanges are not safe. They are the prime target for hacking.
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harapan
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December 27, 2022, 02:20:00 PM |
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There will never be a safe centralized exchnage that's the direct answer
No matter the promises and prove they might claim to have please kindly run away An exchange that gives power to owners to control your money steal it gets prolonged court cases and finally gets bailed for stealing? With enough evidence? This should be a warning to those who still choose to make use of Coinbase and all others
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Abiky
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December 29, 2022, 11:51:46 AM |
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Exchanges should be used to exchange, not to store your Bitcoin.
Buy bitcoin there, then send to your own wallet, that's the only way to truly known you just bought real Bitcoin, and not some fake IOU
People that keep their "bitcoin" in exchanges are always in a position in which they can lose all that money overnight.
Exactly. We should never leave all of our coins in a centralized exchange. That's because the risk of loss is too high to bear. Just deposit the amount of coins you're willing to trade, and you'll have nothing to worry about. The future for crypto lies on decentralized exchanges and atomic swaps. These alternatives solutions may be often expensive and slow at times, but they're bound to improve over time as developers introduce changes to the code. With L2 scaling techniques, DEXs could obtain the same performance of a traditional centralized exchange while minimizing costs as much as possible. We cannot let centralized exchanges continue to do more harm than good to the crypto/Blockchain industry. Satoshi invented Bitcoin to be independent from third parties for a very good reason. That was to prevent the same failures of banks. The collapse of two major crypto exchanges (Mt. Gox and FTX) should be a reason of concern for those who want crypto to exploit its full potential. While most people are still using centralized exchanges, it's possible DEXs will take over the industry within 1-2 decades from now. At least, that's what I hope for. Just my thoughts ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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fuguebtc
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December 30, 2022, 11:51:01 AM |
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As much as it pains me to say it, I think Coinbase is a safe exchange to use. They have a ton of money from going public and for that reason are also highly scrutinized by regulations. Companies like Binance that are built on tokens are very dangerous, but I don’t think Coinbase falls into this category. I believe their financials are solid and people are overestimating the odds of bankruptcy. That being said, I hate Coinbase.
The problem with centralized exchanges is that you will always have to rely on the people behind it to store your money safely. The threat of being scammed will be constant and there won't be peace of mind for the individual storing his funds there, especially if in large chunks. Unfortunatelly regulations have proved to not protect investors efficiently after so many scams that have been seen this year. Scammers CEOs are able to escape from the jail with stolen money on their pockets which is ironically used to pay their lawyers and the bail. Somehow regulations even contribute to those scammers, as we can see. The system is made to favour them. It makes me think it's very unlikely to have a safe centralized exchange. Nothing is absolutely safe in this world, not only with crypto exchanges, but that happened with banks or other traditional institutions, everything will be fine until they lose losses, and everyone's money will be lost. Don't rely on regulations because rules are man made, and they can modify or change as they have more money. No centralized exchange is safe, and when it comes to storing your assets in a cold wallet, you are just safe without depending on a third party. But that doesn't mean you will be safe from hackers, natural disasters, and unexpected accidents.
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Taskford
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December 30, 2022, 11:55:59 AM |
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FTX is been a trusted platform before and they spend a lot of money on marketing, it get great exposure globally especially when they acquire those big star to be their ambassadors, but look what happen to them they deceive all their users and create huge damage to crypto community so for this basis we should never trust any exchange and we should deposit only the small percent of our total capital their so that we will not became a victim of another series of exchange turn into scam.
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Anonylz
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December 31, 2022, 10:38:00 AM |
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Is there any such thing as a "safe centralized exchange" ? a centralized exchange will always be centralized there is no in-between, if centralized exchanges were considered to be safe there won't be so much negativity surrounding them, and so many people won't be against them either. Centralized exchanges are considered to be unsafe because they are in control of your funds and there are no guarantees your money is secured.
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| . SECONDLIVE | | | │ | | | | | | │ | | | | ▄▄███████▄▄▄ ▄▄████████████████▄▄ ██████████████████████▄ ████████▀▀▀██████████████ ███████▌ ▀█████████████ ████████▀ ▀▀▄▄██▀▀▀██████████ ███████ ▀████████ ███████▄ ████████ ████████▄▄ ▄████████ ███████████▄▄▄▄██████████ ▀█████████████████████▀ ▀████████████████▀▀ ██████████████████████ |
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letteredhub
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January 20, 2023, 11:45:12 AM |
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I was wondering if there could still be any safe centralised exchange in the blockchain industry. Of
As long as they are centralized there's no way anyone should be advised on keeping their assets worth good amount with them cause anything can happen. Binance for example is really holding up hard to prevent any intrusion for the pasts years since it's inception but that doesn't make it reliable to leave your big sum under their hand. For any centralized exchanges, I'll advise you Just do your business and leave that's all I can say!
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nullama
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 21, 2023, 04:06:47 AM |
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I was wondering if there could still be any safe centralised exchange in the blockchain industry. Of
As long as they are centralized there's no way anyone should be advised on keeping their assets worth good amount with them cause anything can happen. Binance for example is really holding up hard to prevent any intrusion for the pasts years since it's inception but that doesn't make it reliable to leave your big sum under their hand. For any centralized exchanges, I'll advise you Just do your business and leave that's all I can say! Absolutely. One of the main key points of Bitcoin is the decentralization of it. Anything that is centralized should not be seen as beneficial for Bitcoin or the people using it. I think it's just the fact that most people just want the convenience that comes with centralization, but that's a bad trade off.
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Abiky
Legendary
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January 24, 2023, 04:20:06 PM |
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Absolutely.
One of the main key points of Bitcoin is the decentralization of it.
Anything that is centralized should not be seen as beneficial for Bitcoin or the people using it.
I think it's just the fact that most people just want the convenience that comes with centralization, but that's a bad trade off.
Most people are too lazy to learn how to properly use a DEX. They prefer to trust a third party with their crypto just to avoid having the responsibility of securing the keys themselves. You would just deposit crypto in a CEX, start trading, and forget about the rest. Some DEXs have slow performance and utterly high fees due to the underlying Blockchain network's congestion, so don't expect CEXs to go anywhere soon. While there isn't any "safe" centralized exchange, it's up to you to minimize losses by depositing only what you're intended to trade in the platform. The FTX collapse will force CEXs to provide proof of reserves, giving us a sign that regulators will be weighting on the industry very seriously. There isn't any indication people will stop using CEXs, so it's likely they will live alongside DEXs for generations. Just my thoughts ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Synchronice
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January 24, 2023, 08:00:37 PM |
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Centralized exchange can be pretty safe, the problem is that they are still small companies compare to traditional banks. I mean, if Deutsche Bank would offer me crypto exchange, I would feel safe with them, not completely of course but wouldn't feel anxious all the time. Right now, I think that Binance is the safest option among centralized exchanges. Binance is the top player in this industry, one mistake and it has so much to fall, it's like, they don't have a right for a mistake and should prioritize safety at the highest unseen level ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Not your keys - not your coins are gold standard of course, I would say the same on cash, not in your pocket, not your money. Recently I even feel like not your print, nor your money
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samcoin
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 25, 2023, 10:41:57 AM |
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The services that exchanges offer are no longer limited to trading Bitcoin or other Crypto assets. Now, some exchanges offer lending, borrowing, stacking, and many other services that make it hard for any Crypto investor to dispense with these exchanges. On the other hand, DEXs haven't developed to the point that makes it easy to use tool for everyone. In addition, the risk of hacking a DEX smart contract also exists.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
[/center
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