Common factors to know that an exchange is likely going insolvent.

[Cryptsafe]

When we are using an exchange which does not have a regular or rapid response team that support their users from the platform, either by email or through the number provided by the gambler as well as the user profile message, then we may have to check on what's more good for us, because no reputable gambling platform will be holding down on their users right and denied them of it all because of their own selfish interest.

I think OPs emphasis here is all about CEX and not casino. Although casinos are not left out of this as they mostly exhibit this act so frequently that their customers have no option than calling them out publicly to rectify their lapses. However, any of such organization which customer care fails to respond to their client within a short time interval would have themselves to blame because people do not joke with their funds when it comes to business or investment. Every investor or participants want to get insight on happenings as it relates to their participation on that platform so withholding information or ignoring them shows that you are not transparent and that alone could trigger them into actions in calling out the organization.

[MUGNIA]

When we are using an exchange which does not have a regular or rapid response team that support their users from the platform, either by email or through the number provided by the gambler as well as the user profile message, then we may have to check on what's more good for us, because no reputable gambling platform will be holding down on their users right and denied them of it all because of their own selfish interest.

I think OPs emphasis here is all about CEX and not casino. Although casinos are not left out of this as they mostly exhibit this act so frequently that their customers have no option than calling them out publicly to rectify their lapses. However, any of such organization which customer care fails to respond to their client within a short time interval would have themselves to blame because people do not joke with their funds when it comes to business or investment. Every investor or participants want to get insight on happenings as it relates to their participation on that platform so withholding information or ignoring them shows that you are not transparent and that alone could trigger them into actions in calling out the organization.

because basically transparency in CEX, DEX exchanges and even in gambling is highly prioritized because with transparency everything will be fair and no one will be harmed, here the platform owner must always be active in responding to complaints from its users, with little response from the platform owner will make the reputation of an exchange bad and over time it will be abandoned by its users

[Cryptsafe]

When we are using an exchange which does not have a regular or rapid response team that support their users from the platform, either by email or through the number provided by the gambler as well as the user profile message, then we may have to check on what's more good for us, because no reputable gambling platform will be holding down on their users right and denied them of it all because of their own selfish interest.

I think OPs emphasis here is all about CEX and not casino. Although casinos are not left out of this as they mostly exhibit this act so frequently that their customers have no option than calling them out publicly to rectify their lapses. However, any of such organization which customer care fails to respond to their client within a short time interval would have themselves to blame because people do not joke with their funds when it comes to business or investment. Every investor or participants want to get insight on happenings as it relates to their participation on that platform so withholding information or ignoring them shows that you are not transparent and that alone could trigger them into actions in calling out the organization.

because basically transparency in CEX, DEX exchanges and even in gambling is highly prioritized because with transparency everything will be fair and no one will be harmed, here the platform owner must always be active in responding to complaints from its users, with little response from the platform owner will make the reputation of an exchange bad and over time it will be abandoned by its users

Yes of a truth transparency is highly prioritized by investors and participants and that has to do with  credibility and reliability when this is compromised, such CEX or Casino might me on a brink of collapse because her members would run away from them and would go as far as letting other community members know about their ordeal with such organization and when that happens, it is a bad one for them as their reputation would be tarnished.

It is good that such organization always have an active representative or  a team member who is dedicated to always respond to customers complaints even if they can not be able to do that, they could hire someone to help them always receive complaints from their users just like organizations on this platform does, they have representative that help them communicate with members here and that has been very helpful to both parties as it helps reduces long protocol with ease and guarantee confidence on the part of the organization as they are always on the lookout for their members.

[|MINER|]

because basically transparency in CEX, DEX exchanges and even in gambling is highly prioritized because with transparency everything will be fair and no one will be harmed, here the platform owner must always be active in responding to complaints from its users, with little response from the platform owner will make the reputation of an exchange bad and over time it will be abandoned by its users

But do you know the worst thing in this space? Most of the centralised exchanger are not have their transparency in their  services like we always see the newses about sue against the Binance actions because of violent the laws.
And if we saw all other centralised exchanger we will must see all of them don't have the correct proof of Reserve. And that is why I always try to avoid my fund holding on centralised exchanger and as well also afraid about investment on their native coin.

[taufik123]

But do you know the worst thing in this space? Most of the centralised exchanger are not have their transparency in their  services like we always see the newses about sue against the Binance actions because of violent the laws.
And if we saw all other centralised exchanger we will must see all of them don't have the correct proof of Reserve. And that is why I always try to avoid my fund holding on centralised exchanger and as well also afraid about investment on their native coin.

Wanting to invest in the exchange's native coin is an option, but if you look at tier 1 exchanges like Binance with BNB which was originally still under $50 but now reaches ATH $700++, of course the coin makes quite good profits.

But yes about storage it is not recommended to use Exchange storage because we do not have full control and about SAFU funds this depends on each exchange.

Not only about the vulnerability of the exchange service, but the security of the account we use is whether we are good enough to do our own security on the device used, because most hacks are carried out on user devices that take advantage of login loopholes to drain the target account.

I always use a hardware wallet for the main coins I hold and it is the best option, because of the double security and will not be exposed by scammers.

[sampoerna]

Wanting to invest in the exchange's native coin is an option, but if you look at tier 1 exchanges like Binance with BNB which was originally still under $50 but now reaches ATH $700++, of course the coin makes quite good profits.

It is undeniable that native coin exchanges usually provide their own benefits for investing, especially if the exchange is really increasing, top exchanges. But once again, you really have to be careful in investing in exchange coins, because we also have to understand what kind of exchange is likely to have high potential to increase too. So yes, there must be certain considerations. However, if it is a top exchange, it might provide quite high benefits and potential, as long as the exchange is still operating. And usually when we have the coin, there are many offers and discounts from the exchange by using the native coin from the exchange.

But yes about storage it is not recommended to use Exchange storage because we do not have full control and about SAFU funds this depends on each exchange.

Exactly, especially for long term, it is not recommended to store in exchange wallets, it is quite risky. However, if for short term and especially trading, yes, inevitably in exchanges to save transfer fees. but it is better not in too large an amount.

[Findingnemo]

Delayed withdrawal is a red flag, I wouldn't dare to use that exchange anymore because we never know when they will halt all their operations and more likely it's going to be indefinite since once they fall it's not really possible to get back into this business because users will lose their trust over their operations and handling crypto assets.

Hack is a different matter which also can cause an exchange to go offline so I would be looking for how their operations when it comes to security for funds, customer support.

[Cryptsafe]

Delayed withdrawal is a red flag, I wouldn't dare to use that exchange anymore because we never know when they will halt all their operations and more likely it's going to be indefinite since once they fall it's not really possible to get back into this business because users will lose their trust over their operations and handling crypto assets.

Hack is a different matter which also can cause an exchange to go offline so I would be looking for how their operations when it comes to security for funds, customer support.

I have this believe that any exchange that delays withdrawal for more than 24 hours without any tangible information is likely facing a financial crisis and as such is a red flag except in situations of high gas fee but even at that, they also increase the gas fee to meet with the current demand and should not delay but however, if such happens, you do not need to wait for anybody to tell you to move out of the exchange before you start hearing stories that touches the hearth.

[|MINER|]

Not only about the vulnerability of the exchange service, but the security of the account we use is whether we are good enough to do our own security on the device used, because most hacks are carried out on user devices that take advantage of login loopholes to drain the target account.

You are right. Even anyone want to investment on the exchangers native coin then there will be only one option that would be the BNB from binance. Although after the FTX incident I have to double re-thinking about the every single investment on the exchanger native coin.

And about the security it is also a major issue now because we saw lots of the exchangers were hacked and stealed a big amount of crypto from them.

[taufik123]

-snip-
Exactly, especially for long term, it is not recommended to store in exchange wallets, it is quite risky. However, if for short term and especially trading, yes, inevitably in exchanges to save transfer fees. but it is better not in too large an amount.

Yes, it is also very necessary to keep funds on the exchange for trading purposes, only for the short term and only in the trading session only.
When the trades made have made a profit, it is better to withdraw the main capital so that the funds used for trading are only left from the profit.

I also choose top exchanges like Binance and my local exchange to trade on because there is a guarantee of security and refunds in case something goes wrong.

[bayu7adi]

Now, to detect a crashing exchange, whether Dex/CEX, you will notice two common issues,
1.Scanty users. The number of users on an exchange determined the exchange's revenue capacity to settle operational cost and other expenses.
2  No liquidity, and that is, no 24hours trading volume. Besides this few points that i have stated, kindly give your thoughts on how to detect a likely crashing exchanges.

If made simpler, actually low liquidity already indicates that the number of users is starting to decrease... we can prepare ourselves for the worst possibility, namely the exchange runs away with fraud or will close its services properly... rather than risking assets in other people's wallets for too long, it is better to move them as soon as possible to a safe place.

That's why we should stay on exchanges that have good liquidity and ratings from users... CMC has a list, just sort them by rank... the lowest rank currently is Flybit, WazirX and PowerTrade, the total trading volume is $0... very worrying, isn't it?