My wife asked me why I trust Exolane more than our bank

[hamza106t106]

[Post removed by author]

[YellowSwap]

Even if exolane is a real thing it's still stupid to trust them because no one is using this platform, unless you are literally promoting them on this forum.

There are many trusted platforms out there that have build reputation over the years and you choose to trust something new, I think your wife is smarter than you are.

There is no platform that's safe for your USDT or your digital coins than your non-custodial wallet that you have control over it's recovery seed, avoid stories that touches, you have been warned.

Banks can freeze your accounts, that's a fact, the only thing that can't freeze your digital assets is your crypto wallet, a non-custodial wallet or a open source hardware wallet, not some new crypto projects.

I lost thousands of dollars trusting projects like this in 2023, even if they claimed to be open source doesn't mean they are, new projects change hands very quickly.

[MAAManda]

I think the moment it clicked for her was when I said the bank can freeze your account, this cant. Still not sure she fully gets it but she stopped worrying.

You gave your wife wrong knowledge about it, it's true that decentralization is different from centralization that exists in the banking system. However, since the platform you referred to uses $USDC, it still allows for balance freezing. Looking at your first forum post about this, I feel that you only came here to plant backlinks, not having good intentions to have a good discussion. I can only say good luck with the platform you advertise, mate.

[ultrloa]

She saw me move a decent chunk into USDC for trading and was like how do you know this website wont just take your money. Tried to explain self-custody, smart contracts, audits etc. She wasnt convinced until I literally showed her the contract on Arbiscan and showed her me withdrawing and depositing in real time. I think the moment it clicked for her was when I said the bank can freeze your account, this cant. Still not sure she fully gets it but she stopped worrying. Honestly tho its a fair question and the answer for me is: audited contracts + self custody + Pyth oracle + no history of issues = more trust than most fintech apps

Visit here to explore: https://exolane.com

Nice story and seems simple way promoting that site.

If you just introduce that platform in nice way and don't create such story, maybe people would believe that everything you write here is true. Also don't expect people will easily believe on those claims you have mentioned. Since getting the trust of people to try that platform is hard to get unless they show nice performance to deal with lots of people here.

But let see if that site will have nice introduction, since people here welcome new platform to launch their service here in forum.

[Ahli38]

There is no company information provided nor any social media accounts associated with the company. And there is no customer support. I just tried to contact help and support. But I couldn’t reach them at all. If even these basic things aren’t available how can we possibly access information regarding the platform’s security. I personally have traded on similar Web3 services before. But when the company went bankrupt I lost a few dollars there. And I think that’s related to the smart contracts they provided, where they can freeze funds at any time. And the liquidity they provide could be withdrawn at any moment causing customers to face difficulties. You need to analyze these issues to avoid problems down the line. Don’t assume you know everything because there might be things you’re unaware of which could lead to losses for you or even harm others down the line.