Opt for the safest exchange?

[$crypto$]

There is a full list that can be found on the popular crypto site, I am a user of Phemex, Binance and Coinstore exchanges, no errors so far. Which is your choice?

From experience, we should know that binance is the world largest and number one leading cryptocurrency centralized exchange, they have been known for that, however, we should also never forget about the implications of using a centralized exchange, because there is no privacy in using them as well as how they can be easily attacked and if in case anything happens to them, we also lost all our investment assets with them.

Binance is one of the big exchanges and they are also trusted by many users. This is one of my favorite exchanges I use. But is it completely safe? of course not.

In my opinion, there is no place that is truly safe, it's just that we can see and compare which one has a lower risk, that's all. We can choose based on our experience and also looking at other people's experiences, that's very important in my opinion.

[bayu7adi]

Binance is one of the big exchanges and they are also trusted by many users. This is one of my favorite exchanges I use. But is it completely safe? of course not.

In my opinion, there is no place that is truly safe, it's just that we can see and compare which one has a lower risk, that's all. We can choose based on our experience and also looking at other people's experiences, that's very important in my opinion.

Holding the title as the number one exchange in the cryptocurrency space, should make Binance more careful in its steps. The reputation that has been built since it was built should be their valuable capital in getting new users. Everyone will think that Binance will not act in a way that even involves fraud, because currently those monitoring it are not only world governments and people who are fanatical about Binance or CZ... but all the things it has achieved are also monitoring every decision it makes. taken by the CEO.... Maybe it's true, CZ is not at Binance anymore, but I think that's just in front of the scenes... behind the scenes I'm sure CZ still controls Binance..

[God Of Thunder]

All exchange security depend on exchange its self, but some exchange will protect our account when accessing by the other make abnormal activities and require resubmit for KYC.

The security of an account depends on the user. If users do not use secure options to save their account from scammers/hackers by using 2FA, then it's their fault. They cannot blame the exchanges for that. Exchanges do not always ask for KYC's as it bothers users too much. Instead, they ask them to verify their email again.

But if an exchange gets hacked like how a Japanese exchange was hacked a week ago, then it is the fault of the exchange. A user has nothing to do to project an exchange. It's their developers duty to keep the exchange protected.

[Captain Corporate]

To be fair, it is quite obvious that a lot of people make a lot of mistakes on their own personal accounts. If you do have money, then you should be doing a lot better security of your own account. I have never been a rich person in my entire life, and the most I held in my account ever for longer than an hour has been just a few hundred dollars, I always move it out as soon as I get it, and to be fair I am not rich anyway so even when some money goes in, its just a few hundred dollars at a time. All in all, rich people who have thousands and even millions should look to make sure their money is not in exchanges, no matter how safe the exchange looks.

[$crypto$]

Binance is one of the big exchanges and they are also trusted by many users. This is one of my favorite exchanges I use. But is it completely safe? of course not.

In my opinion, there is no place that is truly safe, it's just that we can see and compare which one has a lower risk, that's all. We can choose based on our experience and also looking at other people's experiences, that's very important in my opinion.

Holding the title as the number one exchange in the cryptocurrency space, should make Binance more careful in its steps. The reputation that has been built since it was built should be their valuable capital in getting new users. Everyone will think that Binance will not act in a way that even involves fraud, because currently those monitoring it are not only world governments and people who are fanatical about Binance or CZ... but all the things it has achieved are also monitoring every decision it makes. taken by the CEO.... Maybe it's true, CZ is not at Binance anymore, but I think that's just in front of the scenes... behind the scenes I'm sure CZ still controls Binance..

So that can also be a consideration for us to determine which exchange we can trust. Their reputation is very good and they built it not in a very short time, so they will definitely think about doing anything, because they are risking what they have built over many years.

As users, we must also first look at their reputation, because nowadays it is easy to see reviews from other users whether the exchange can be trusted or not.

[God Of Thunder]

As users, we must also first look at their reputation, because nowadays it is easy to see reviews from other users whether the exchange can be trusted or not.

The user experience varies from person to person and location to location as well. For example, US people can use Coinbase without having any problems. But at the same time, I had the worst experience using Coinbase. Most of the people recommend Coinbase because of the reputation they have built in the last couple of years.

Yet, exchanges like Coinbase can scam some users as well. If you search on the internet about coinbase scams, you will find a lot of reports where people's accounts were banned, and their balance was frozen by coinbase and they never get replies from coinbase.

[Aanuoluwatofunmi]

I understand the needs for high demands in the use of centralized exchanges for crypto activities like trading and currencies p2p exchanges, but we must not forget to remember their risk and other requirements involved in making use of one, i always advise that people should make use of the search engine in knowing more about some of these exchanges, we also have e to read on their policies and understand their basic requirements before signing up for them.

[kulkhan]

I understand the needs for high demands in the use of centralized exchanges for crypto activities like trading and currencies p2p exchanges, but we must not forget to remember their risk and other requirements involved in making use of one, i always advise that people should make use of the search engine in knowing more about some of these exchanges, we also have e to read on their policies and understand their basic requirements before signing up for them.

Yes now a days centralized exchanger being popular for p2p exchanger. People can easily buy and sell his currency without any other's help even within short time.

Moreover Coinbase is more popular now a days. In USA Coinbase is very popular. And Coinbase is also very safe to exchange and hold currency.

[$crypto$]

As users, we must also first look at their reputation, because nowadays it is easy to see reviews from other users whether the exchange can be trusted or not.

The user experience varies from person to person and location to location as well. For example, US people can use Coinbase without having any problems. But at the same time, I had the worst experience using Coinbase. Most of the people recommend Coinbase because of the reputation they have built in the last couple of years.

Yet, exchanges like Coinbase can scam some users as well. If you search on the internet about coinbase scams, you will find a lot of reports where people's accounts were banned, and their balance was frozen by coinbase and they never get replies from coinbase.

I also often hear that people report an exchange that has a good reputation, but for some users they experience something unpleasant.

So we also have to remain careful, because that doesn't mean they are completely safe. They also definitely have terms and conditions that apply and we also have to understand that. It comes back to ourselves because we definitely know what we can and cannot do to stay safe.

[God Of Thunder]

I also often hear that people report an exchange that has a good reputation, but for some users they experience something unpleasant.

So we also have to remain careful, because that doesn't mean they are completely safe. They also definitely have terms and conditions that apply and we also have to understand that. It comes back to ourselves because we definitely know what we can and cannot do to stay safe.

This is the reason I said that there is no safe exchange when it comes to centralized exchange. I don't think it is possible to keep your money in any DEX. But even if they design a system like you can deposit your money in a dex account, then they are not safe as well. I was talking about Coinbase because I have seen a couple of scam accusations against them. One of them was posted on Bitcointalk as well. When coinbase bans a user account and freezes their balance, coinbase does not reply to those users anymore. If you make any transactions with a casino, coinbase has the right to ban your account. I bet most people don't know about this rules and people still make a deposit to their casino account from coinbase.

[milewilda]

As users, we must also first look at their reputation, because nowadays it is easy to see reviews from other users whether the exchange can be trusted or not.

The user experience varies from person to person and location to location as well. For example, US people can use Coinbase without having any problems. But at the same time, I had the worst experience using Coinbase. Most of the people recommend Coinbase because of the reputation they have built in the last couple of years.

Yet, exchanges like Coinbase can scam some users as well. If you search on the internet about coinbase scams, you will find a lot of reports where people's accounts were banned, and their balance was frozen by coinbase and they never get replies from coinbase.

I also often hear that people report an exchange that has a good reputation, but for some users they experience something unpleasant.

So we also have to remain careful, because that doesn't mean they are completely safe. They also definitely have terms and conditions that apply and we also have to understand that. It comes back to ourselves because we definitely know what we can and cannot do to stay safe.

Different choices would really be having that different possible experiences on which it could differ on each person. When choosing up on an exchange then you should
consider always its reputation plus it would be always best on reading up their terms and conditions on which reading up  their banned countries or even having those banned VPN service
on which this causes up a huge trouble or issues once get caught. Also, consider about choosing local exchange but eventually people will be sticking into those
top tier ones. It could be trusted but not 100%.

[Aanuoluwatofunmi]

I don't think there is a safer exchange than the one we have research about and know well of their standard performance and that which is probably a decentralized one, but if we want to completely get safe from fear of missing out or risk on loosing our asset to some of these exchanges, we should better run a bitcoin full node and be safe about it, we have nothing to loss at the cause.

[$crypto$]

I also often hear that people report an exchange that has a good reputation, but for some users they experience something unpleasant.

So we also have to remain careful, because that doesn't mean they are completely safe. They also definitely have terms and conditions that apply and we also have to understand that. It comes back to ourselves because we definitely know what we can and cannot do to stay safe.

Different choices would really be having that different possible experiences on which it could differ on each person. When choosing up on an exchange then you should
consider always its reputation plus it would be always best on reading up their terms and conditions on which reading up  their banned countries or even having those banned VPN service
on which this causes up a huge trouble or issues once get caught. Also, consider about choosing local exchange but eventually people will be sticking into those
top tier ones. It could be trusted but not 100%.

Well, sometimes they also force themselves to keep registering and using the service even though the service is "banned in a country", so this is what causes problems, after that they say that they have lost money because their account has been restricted or even permanently banned.

As service users, we also have to be smart and not force ourselves. We have to be really smart in choosing, because at stake is money that might be lost.

[LUCKMCFLY]

I also often hear that people report an exchange that has a good reputation, but for some users they experience something unpleasant.

So we also have to remain careful, because that doesn't mean they are completely safe. They also definitely have terms and conditions that apply and we also have to understand that. It comes back to ourselves because we definitely know what we can and cannot do to stay safe.

Different choices would really be having that different possible experiences on which it could differ on each person. When choosing up on an exchange then you should
consider always its reputation plus it would be always best on reading up their terms and conditions on which reading up  their banned countries or even having those banned VPN service
on which this causes up a huge trouble or issues once get caught. Also, consider about choosing local exchange but eventually people will be sticking into those
top tier ones. It could be trusted but not 100%.

Well, sometimes they also force themselves to keep registering and using the service even though the service is "banned in a country", so this is what causes problems, after that they say that they have lost money because their account has been restricted or even permanently banned.

As service users, we also have to be smart and not force ourselves. We have to be really smart in choosing, because at stake is money that might be lost.

Well I say something, in the future those sites like casinos and exchanges have to accept users who have VPN, because there will be talk of clients who are being lost and clients who are earning, now the regulations should be the same, because in itself what matters is that business can be done, and you can't be in a place where you have the yoke of regulations, why is crypto? If they follow the same rules of the fiat system, that is, third parties, banks, governments, everything, then what is the use, many will migrate to secure decentralized systems, and that Includes casinos and Exchanges , so before the business is lost they must do something.

[SmartGold01]

For long now Binance has been my primary exchange I do use and Bybit probit and mexc, I do used them because I have no problems while trading neither do I have any verification issues towards these exchange. Most times I uses Binance to trade not that regularly but just by doing little scalping holding few token when listed and sell when there seems to be change in percentage of the token price.