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Basic Questions about Cryptos / Re: A wallet as a container of money or exchange?
« on: Today at 06:11:12 PM »That's true, privacy is an issue in any centralized service. I don't remember whether it has been discussed on this topic or not, but I'm pretty sure some members seem to think that privacy is not a crucial issue for them. Maybe that's why some people happily suggest or claim that an exchange or closed-source wallet is a good option to store your crypto for the long term. I remember discussing it with other members but they don't seem convinced that privacy is a key factor in selecting which apps/services they use in the future.
A lot of people sell their privacy over cool features exchange give them and they always feel relax by those things, but the day even the exchange will report you or flag your account, you wouldn't expect it.
I saw a complaint on X platform, the guy was making complaints that his account was restricted and he couldn't move his funds and the reply he got was that he should visit a nearby police station, that was one of the strangest reply I have seen from an exchange. This are one of the issues of using a centralized exchanges.