How many people read crypto exchange terms and condition this day?

[Dr.Bitcoin_Strange]

It can be so boring and exhausting to read those lengthy terms and conditions, but the risk of not doing so is so great. I don't usually read terms and conditions, but I will be doing that now.

Terms and conditions are not only meant to be read when they concern CEX; it is wise to read everything that contains terms and policies in order to be on the safe side. I remember watching a drama where a company owner was being offered a document by his secretary. The man signed without reading the document, unaware that the document was an agreement that his secretary intended to sell his company. 

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[coupable]

I do not think that anyone reads these conditions, especially since they are always on multiple pages, and the average user does not have time to read them, even if he knows the importance of that.  This is for a simple reason, which is the confidence of the regular user in the means by which he was introduced to that platform or through which that platform was chosen.

[Stalker22]

Oh yes, I do love reading terms and conditions. It is like unwrapping a box of chocolates, and just like Forrest Gump's momma said, "You never know what you're gonna get." Except in this case it won't be a delicious treat, but a fee or restriction you weren't aware of.

So I suggest, before you start trading on any crypto exchange, make sure to read the T&C, it might save you from any unpleasant surprises. And who knows, maybe you'll find something you like there!

[Belarge]

Sincerely have not even read the terms of condition, but sincerely humans are sometimes careless, we are mostly focused on the monetary aspect of crypto.

We would only go back to the terms and conditions only when we try to access a link in cypto and we are denied, that's when we might go back to terms and conditions to know why we were denied access,

And I also think many people don't also read the terms and conditions because it's of many pages and they are not patient enough to read them to the end...

[Stalker22]

Sincerely have not even read the terms of condition, but sincerely humans are sometimes careless, we are mostly focused on the monetary aspect of crypto.

We would only go back to the terms and conditions only when we try to access a link in cypto and we are denied, that's when we might go back to terms and conditions to know why we were denied access,

And I also think many people don't also read the terms and conditions because it's of many pages and they are not patient enough to read them to the end...

When it comes to accepting or signing any terms or conditions, it is important to take the time to fully understand what you are getting yourself into. Unfortunately, many companies use complex language, or "fine print," to hide or minimize the visibility of important information. This can make it difficult for the average person to truly comprehend what they are agreeing to. This is especially important when it comes to financial agreements, where the terms and conditions can have a significant impact on your finances. By taking the time to carefully review the fine print, you will be able to make more informed decisions and potentially avoid any unwanted surprises down the line.

So, even though it may seem like a hassle at the moment, taking the time to review the fine print can ultimately save you a lot of headaches in the long run. Unfortunately, many people still neglect to do so.

[Rruchi man]

Using crypto exchanges for trading means you have agreed to their terms and conditions, the question is how many of you are even reading exchanges terms and conditions before using any crypto exchanges for trading?  

It has become the culture of just clicking accept to every term and conditions that you are given before you can use a software because of how some software providers have been packaging their terms and conditions to be very unreadable and unpleasant for new users to want to read. If you cannot read the terms and conditions maybe because you know you are an impatient person or maybe because you would not understand it, get someone with better patience and understanding to do the reading for you. Not rushing to accept terms and conditions will save you from a lot.

[karabiber]

To tell the truth i don't read the terms and conditions when signing up anywhere. After this title i took a look at the terms and conditions of the central exchanges where we delivered our money and saw that our money did not belong to us. I already knew this but by legally accepting it i saw the fact that we actually pledged our money.

We are always in a hurry even if we know the negative things that will happen to us. In an environment where we do not know our responsibilities and obligations we can earn as much money as we want even they give free money but it will be up to them to pull the plug.

[o_e_l_e_o]

Except in this case it won't be a delicious treat, but a fee or restriction you weren't aware of.

Or simply the statement that anything you hand over to the exchange immediately ceases to be your property in any way and the exchange can do whatever they like with it. Ask the users of Celsius, Voyager, FTX, BlockFi, etc., how not reading the Terms of Service is working out for them.

And who knows, maybe you'll find something you like there!

Haha, good one!

even they give free money but it will be up to them to pull the plug.

No exchange gives out money for free. They always get something in return. Usually it's either your data, which they can see and monetize for more than the scraps they give you, or it's your deposits, which they hand out to third parties in highly risky loans and investments to make millions of dollars in profit for themselves, while you accept all the risk. Look at any of the exchanges I listed above, for example. The owners are millionaires, while their users have lost everything. Your coins being risked for their profits.

[martyns]

I do not think that anyone reads these conditions, especially since they are always on multiple pages, and the average user does not have time to read them, even if he knows the importance of that.  This is for a simple reason, which is the confidence of the regular user in the means by which he was introduced to that platform or through which that platform was chosen.

Adding to it,there are always terms and conditions listed at the bottom of anything, even exchange and food cans. Reviewing exchange terms and conditions is totally not my thing because of the protracted, dull language. Every time I have the chance to read the terms and conditions of a trade, I sigh. People disregard it as unnecessary, as nothing, not realizing how important it is for them to acquire the conditions promised to them when they signed up with an exchange.

[Lida93]

One thing about these companies be it Crypto company or other type of  service providing company is that they exert so much effort by monotonously reiterating in a lengthy way these terms and conditions in a long scaring listing  just to make users feel bored and tiring to read through step by step all of it.
They consciously do this as a strategy to bore users seeing it as time wasting going through all the terms that could have been made concise and precise to read through without a feeling of time wasting from the user.

One funny thing is that it's only when the user might have had some issues relating to his asset that's when he sees need to go through the terms only to feel trapped already by what he would have initially avoided if he had given it time to go through. Lets learn to be patient to read through these term as the conditions that be are not actually in our best interest.

[Mate2237]

I thank God that you know yourself. Really not only in the cryptocurrency exchange platforms but for the platforms and even physical therapy literature doctor or Pharmacist prescription in the drugs or others have not been read by many users. Once they bought the drugs then next things is to take in the drugs. So that apply to a lot of things in the world. Even binance, Electrum, Remitano, and etc. Once we click the sign up button we fill the form and click submit because the for our mind reading the T/C are taking our time.

We are just lazy to read terms and conditions literature to guide ourselves.

[Z390]

I don't bother to read any exchange rules and regulations, it's not something you can get over in minutes because the words are too much, I choose a crypto exchange based on users' reviews and experience, I believe doing this is more than enough, there shouldn't be any problems unless you store your assets on a crypto exchange for too long, as a trader, after every successful trade I always move out my funds, a few cents on transaction fee per day is far safer than leaving your coins in the hands of an exchange.

[bullrun2024bro]

~

Nobody reads exchange ToS. But is that really a big problem if you want to hold Bitcoin for the long-term? I mean if you're a long-term hodler, you don't want to leave your coins on a centralized exchange anyway. You deposit funds, buy Bitcoin or any other shitcoin and then you withdraw the funds to your personal wallet.

This way you don't have to pay attention to the ToS and you won't have any problems in case of a bankruptcy. We learned in 2022 that even big names in the industry can go bust within a few days.

Of course, it makes sense to choose a reputable exchange through which you want to execute your trades. But just by not leaving your coins on an exchange for a long time, you can avoid most problems. Bitcoin means being your own bank. Why not give it a try?

[Getmon]

Before opening an account, I carefully read the terms and conditions of an exchange when I first started using crypto currencies. But when I am starting to become familiar with exchanges I slacked off and just registered right away, I must admit that. When you wanted to buy a coin that is not on your exchange, opening a new account on another exchange was common practice. However, thanks to the development of decentralized auto swaps platforms like pancakeswap and uniswap, we are no longer required to sign up for an account on many exchanges.

[Pandu Geddon]

Before opening an account, I carefully read the terms and conditions of an exchange when I first started using crypto currencies. But when I am starting to become familiar with exchanges I slacked off and just registered right away, I must admit that. When you wanted to buy a coin that is not on your exchange, opening a new account on another exchange was common practice. However, thanks to the development of decentralized auto swaps platforms like pancakeswap and uniswap, we are no longer required to sign up for an account on many exchanges.

if the goal is to trade shitcoin, now it's easier indeed. because DEX will be much easier to access than CEX which maybe not have all token assets registered there.

I also often ignore the terms and conditions when registering on exchanges. not only on the exchange but in some casinos, I was too negligent in this. rather I mostly read after I made a deposit and started trading and playing. that is in my mind, maybe all the rules and regulations written are the same. but obviously, each platform has its terms and conditions.

[Outhue]

Accepting the terms and conditions of a crypto exchange without reading the terms and conditions can be dangerous, Imagine signing your own death warrant because you failed to read what you are been given to read first, you just take a pen and put your signature on it, this is a bad manner in today's society .

Whether you are going to like what you see or not you still have to read the terms and conditions first, they always contain some very vital information that could save your neck from big trouble or a blessing.

[Altryist]

Oh yes, I do love reading terms and conditions. It is like unwrapping a box of chocolates, and just like Forrest Gump's momma said, "You never know what you're gonna get." Except in this case it won't be a delicious treat, but a fee or restriction you weren't aware of.

So I suggest, before you start trading on any crypto exchange, make sure to read the T&C, it might save you from any unpleasant surprises. And who knows, maybe you'll find something you like there!

If everyone who registered on the exchange fully read the user agreement, then probably more than half would simply change their minds about depositing money. Or they would keep much smaller amounts there.

In a recent interview with SBF, they asked why FTX used depositors' money, Sam's answer was even somewhat ridiculous, he said that in the user agreement there is a link to a document that says that FTX has such an opportunity if necessary, or something like that. But the truth is that no one ever reads them, it's too long and tedious, and besides, new users just don't want to get upset from the very beginning, during registration. 

[The Cryptovator]

Since this data is private, it is difficult to estimate the precise number of persons who read the terms and conditions of bitcoin exchanges. However, given that this is a widespread habit among users of many other online services, it is safe to claim that many consumers do not carefully read the terms and conditions before using a cryptocurrency exchange.

It is crucial to read the terms and conditions of a cryptocurrency exchange since they specify the obligations and rights of the exchange and the user. This can contain details about charges, safety precautions, dispute resolution procedures, and more. Lack of understanding of the terms and conditions can result in confusion, unforeseen expenses, or legal issues in the future.

It's advised to read terms & condition of an centralized exchange when you decided to use even it take sometimes.

[Nwada001]

Lol, this is really funny, but it's a serious thing that we always overlook. Someone like me, who sometimes just reads through the first line of terms and conditions to see if the exchange Pop it up before the user can proceed to the next step of registration; if not, I just click on "agreed and accepted" and go my way, always in a hurry for nothing, which is actually why most of these centralized exchanges have the right to be dealing with their customers the way they are, because they might have squeezed in some terms that will be in their favor and in turns against the customers.

[Wakate]

A big mistake is what many investors do make leaving to read the terms and conditions of the exchanges we are using. Although I think the major reason may be because we are not having the attempt to scam or do illegal things that is why we don't have to take a look on exchanges terms.

Let me say I am also a victim of this likewise many of us that are into cryptocurrency. I know many of these good and reputable crypto exchanges will not make there terms severe to the level why it will call for questioning. I think this is the best time for me to read some of all these crypto exchanges terms and conditions.