Is DeFi safe?

[Tamsialu$$]

To me, only Binans is an exchange with very good security.  In addition, almost all exchanges are hacked. Investing in DeFi seems a bit risky to me.  Although there are risks, many people are now investing in it, but many people are getting good results by investing in it.  As a result, many people are investing in it despite being risky.

[KunotCoin]

I think no platform is completely safe because it was a part of the crypto industry that was run with speculation, hype, and manipulation, that's why it's like a gamble for us so it's better to invest only that you can afford to lose. in case something bad happens you wont regret.

[Rafiq]

I don't think any platform is completely secure in cryptocurrency, because exchanges like Binance and KuCoin have also been hacked. Investing in DFI seems a bit risky to me. Although the price of DFI hype tokens has increased in the beginning, it is not sustainable; This is likely to hurt investors. Okis, like the DIA, when you look at the status of tokens, it means.

[Paglamon]

Now if you want to invest in a project then you can definitely invest by monitoring some time. Because most of the current projects that you will invest in are DeFi. Decentralized Finance (DeFI) These pages have a large number of investors and these projects are currently the most successful. So going to invest in the market? If you want to invest in such a project, you can. Because no one knows about its security. Seek expert advice, they will ask you to invest in DeFi. Because the maximum is not unknown about DeFi's security. Because the current projects that I have seen and the ones that I have seen, if you look at it together, you can see that there is security. So I think the investment is less likely to be lost. But I don't know if the projects are likely to be scammed later. But I think it will be highlighted in the future. But now the Free TON blockchain project is better.

[Confero]

I think no platform is completely safe because it was a part of the crypto industry that was run with speculation, hype, and manipulation, that's why it's like a gamble for us so it's better to invest only that you can afford to lose. in case something bad happens you wont regret.

I agree with you, We must be extra careful with our assets.  When the DeFi project is booming, this will be an opportunity for some people to cheat and do bad things. Stay alert and be careful with our assets, including this Defi.

[Gurujebs]

To me, only Binans is an exchange with very good security.  In addition, almost all exchanges are hacked. Investing in DeFi seems a bit risky to me.  Although there are risks, many people are now investing in it, but many people are getting good results by investing in it.  As a result, many people are investing in it despite being risky.

The binance exchange you trust was one time hacked and some amount of funds were transferred out of the exchange. Decentralized exchanges has proven to be better option since you own your private key and no other person can see it, some are DApps trust wallet and Metamask has made it easier to interact with this decentralized finance and it components.
The only problem with DeFi that bothers me much is smart contract exploit by some Hackers when they found a bug, we are still new to Decentralized Finance, hence we need to be careful how we interact with this platforms.

[Magepai]

I think there are some good security full names. More people are investing in DeFi coins nowadays.  Everyone knows it can be hacked when it is very dangerous.  But it is very profitable so people are investing huge amount in it despite the fear of more profit.

[Rakin343]

You need more than luck to succeed in affiliate business.  This is the first time anyone needs to be strong enough to be attacked by something and no one can hack.  A platform is as vital as a Y6.

[Bobcrypto]

DeFi platforms may not be at risk of security breach in the same kinds of ways that centralized platforms are–but they certainly aren't completely safe from harm... Please comment.

DEfi is safe, at least, being new a project and for it's recent performances, there has no news yet about hack on the decentralized exchange where they are all listed So far, Defi is very safe.

[Fawpac2]

No invest in cryptocurrency market safe but it depends on customer and who use. If anyone opens his private file open then it would be highly risked.

[EAA-ALLAH]

No invest in cryptocurrency market safe but it depends on customer and who use. If anyone opens his private file open then it would be highly risked.

cryoto market always risky because we can't guarantee that the sellers and investors which projects invest are future brighter.

[syedrasool2011]

DeFi is short for “decentralized finance,” an umbrella term for a variety of financial applications in cryptocurrency or blockchain geared toward disrupting financial intermediaries.

[saprakib]

DeFi platforms may not be at risk of security breach in the same kinds of ways that centralized platforms are–but they certainly aren't completely safe from harm... Please comment.

Defi is a great name of hyfe. Its look everything ok at the moment time will say how much secured they have. I have seen a lots of scam on defi but there is no hamper occurred on legit platform . I think its look good  still time will say everythin. 

[Cryptoz]

There are many people who say that DeFi is not safe enough because it may be down if they follow and also volatility is not sure.
The most important thing is that every time we want to trade or invest in new projects of DeFi, ensure that you have analzye the project and do not follow the projects that are only following the other concepts

[syedrasool2011]

Defi coin scam any time buy adn sell it with good profit then run away dont look back.