Opt for the safest exchange?

[$crypto$]

-snip-
There are many cases like this and when we hear stories of them losing money it comes from themselves. From someone's bad experience, we can learn to be more careful in using anything related to our finances.

Other people's bad experiences can also be a reference to learn so that you don't get stuck in the same problem and can be more careful.
But it's very rare for beginners to do this, they will only look at someone's success regardless of how many defeats go on behind that success.

I've also had a lot of losses in the past, stuck in a problem that shouldn't have happened because I didn't learn from the problems that happened to other people.

Beginners still have feelings of excitement, they don't care about what other people experience, let alone think they will learn from other people's mistakes. They just follow the feelings they feel at that moment.

But in the future they will start to realize because they experienced it themselves. Usually such people will realize after they have lost a lot of things that they will regret.

[ZAINmalik75]

Beginners still have feelings of excitement, they don't care about what other people experience, let alone think they will learn from other people's mistakes. They just follow the feelings they feel at that moment.

Beginners will only follow their feelings when they are so optimistic about something that they want to try, even if someone shared a bad experience they will still be trying it because they just love it. Therefore beginners love something and trying it for the first time will be exciting. They won't be excited if they don't love something but are forced by others because others have good experience with it.

Keep one thing in mind, never stop trying a thing that you think is bad for you just because someone else had a bad experience.

But in the future they will start to realize because they experienced it themselves. Usually such people will realize after they have lost a lot of things that they will regret.

We should take lessons from other advice, for example, I read a news about how owners of Word blocked because repetitive posts sites are scamming people but there is no evidence of that but many people are facing such scams. So this bad experience is giving us the lesson that we should also stop.

[milewilda]

-snip-
There are many cases like this and when we hear stories of them losing money it comes from themselves. From someone's bad experience, we can learn to be more careful in using anything related to our finances.

Other people's bad experiences can also be a reference to learn so that you don't get stuck in the same problem and can be more careful.
But it's very rare for beginners to do this, they will only look at someone's success regardless of how many defeats go on behind that success.

I've also had a lot of losses in the past, stuck in a problem that shouldn't have happened because I didn't learn from the problems that happened to other people.

Beginners still have feelings of excitement, they don't care about what other people experience, let alone think they will learn from other people's mistakes. They just follow the feelings they feel at that moment.

But in the future they will start to realize because they experienced it themselves. Usually such people will realize after they have lost a lot of things that they will regret.

Majority would really be something like this but there would really be those people who would really be that mindful or making up some research first before they would really be making out
some decisions on dealing into something. Yes, there are really noobs who are really that too careful on dealing up with things but most of them do dives without proper preparation or research
this is why they do mess up. Somehow expereince is really the best teacher and this is the reason on why they do really gain up knowledge and would be making out those
realizations afterwards.

[$crypto$]

Beginners still have feelings of excitement, they don't care about what other people experience, let alone think they will learn from other people's mistakes. They just follow the feelings they feel at that moment.

But in the future they will start to realize because they experienced it themselves. Usually such people will realize after they have lost a lot of things that they will regret.

Majority would really be something like this but there would really be those people who would really be that mindful or making up some research first before they would really be making out
some decisions on dealing into something. Yes, there are really noobs who are really that too careful on dealing up with things but most of them do dives without proper preparation or research
this is why they do mess up. Somehow expereince is really the best teacher and this is the reason on why they do really gain up knowledge and would be making out those
realizations afterwards.

Yes, experience is indeed the best teacher, because we will only get it through our experiences. We will experience feelings that we never get from theories that we read in books or hear from others.

If we are able to dig deeper into what we experience, why we ultimately have to experience something like that, then we will be better in the future. But if we cannot learn from our mistakes, then we will fall back into the same hole every time.

[akeemqaz]

During the ICO boom days, I usually got into many exchanges all because when a coin is listed in a particular exchange there is no choice but to work in there. And so I encountered many famous and not-so-famous exchanges most of them were CEXs, Today, I am more into Binance but since it got a big problem with my government I shifted to Bybit and Kucoin since I am a big fan of the convenience of the P2P option. Crypto exchanges have evolved through the years after many of them experienced trials and errors and what we are seeing these days are solid CEXs like Binance, Kucoin, OKX, Bybit, MEXC and so much more. Tested by fire and hailstorm, crypto exchanges must do everything in their disposal to remain safe, secure and solid as hackers are always watching them every minute to look for possible weaknesses. Now, the most important thing is never put your coins on deposit on these exchanges and only use them if you are trading something...this is the top number one rule when dealing with CEXs. With the government exerting their regulatory and taxation  power, I am sure that the landscape of this industry is going to be changing and I am hoping that we the small crypto players are to be benefitted with the changes.

I've never participated in any ICO event. I think they were very common around 2017-2018. But I preferred airdrops instead then.

I started using P2P on Binance also until they stopped working in my region. So, I mostly use Bitget and Bybit now. While I miss Binance somewhat because at the beginning, my new choices both had low P2P volume or bidders initially. But after P2P became more popular, they started to have high P2P volume, and that's when I started to have issues with some Bybit P2P traders.
I had to stop using the exchange when I had an issue like this guy here:. .
So, now I use Bitget only for my P2P and have had no issues to date. I never believed there was a possible scam when using P2P until I experience a situation when I released find without me getting paid, and the user and support did not bother about it. I see this as my fault, but I was forced to stop using the exchange because it was traumatizing.

Despite the scare, I'm still using P2P on the exchange I currently trust, which has provided good service so far. This experience has slowly built some confidence back, and I hope to regain full confidence soon.

[God Of Thunder]

We should take lessons from other advice, for example, I read a news about how owners of Word blocked because repetitive posts sites are scamming people but there is no evidence of that but many people are facing such scams. So this bad experience is giving us the lesson that we should also stop.

It's not true that there is no evidence against Word blocked because repetitive posts. There are dozens of threads on Bitcoin about free wallet scams and there are a lot of complaints on the internet. A couple of people filed law suit against Word blocked because repetitive posts already but I don't know the progress since those members did not shared what is going on.

I remember that a forum member who was a victim of Word blocked because repetitive posts asking if someone else was scammed by Word blocked because repetitive posts or not. He was asking for their details so he can include it in his case. If you check scam accusation board on Bitcointalk, I am sure you will find a couple of them.

[MUGNIA]

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?

Of the three exchanges, I only have Binance because I'm not the type of trader who moves around, I won't create accounts on many exchanges because many exchanges currently require KYC, so I'm too lazy to create new accounts on all exchanges

[Bobcrypto]

I think that Binance gotten many people users confidence for many years now and may always be the top crypto exchange anyday. On the safety of users funds, I doubt if there has been cases of missing funds from it's large users, however, others exchange has also leave up to expectations of their users too. In my opinion, tie one exchanges are really safe to store or save crypto assets and I personally use Binance, Kucoin and Bybit exchange to safe some of my crypto portfolios.

[bounceback]

I think that Binance gotten many people users confidence for many years now and may always be the top crypto exchange anyday. On the safety of users funds, I doubt if there has been cases of missing funds from it's large users, however, others exchange has also leave up to expectations of their users too. In my opinion, tie one exchanges are really safe to store or save crypto assets and I personally use Binance, Kucoin and Bybit exchange to safe some of my crypto portfolios.

Binance still be more favorable exchange market on top global right now and in my country Indonesia more than 80% cryptocurrency trader use binance for trading than using local exchange market. Have much volume transaction each coins list on binance based on their regulation any coins have lower volume in daily day will delist.
In my opinion seems not enough store bitcoin or altcoin assets only one exchange, some exchange have offer with early listing than Binance and my trading exchange depend which one exchange will listing new coins early for trading.

[NotATether]

There is no such thing as a "safe exchange". Because all exchanges have custody of your coins, so if they go down, you lose everything and your only option is to file a claim against them during bankruptcy proceedings.

Of course, some exchanges have a "SAFU pile" of coins that basically insures them against hacks, but you'd have to be a looney to believe that there's anything keeping them from closing your account.

[bayiajaib]

I think that Binance gotten many people users confidence for many years now and may always be the top crypto exchange anyday. On the safety of users funds, I doubt if there has been cases of missing funds from it's large users, however, others exchange has also leave up to expectations of their users too. In my opinion, tie one exchanges are really safe to store or save crypto assets and I personally use Binance, Kucoin and Bybit exchange to safe some of my crypto portfolios.

Binance still be more favorable exchange market on top global right now and in my country Indonesia more than 80% cryptocurrency trader use binance for trading than using local exchange market. Have much volume transaction each coins list on binance based on their regulation any coins have lower volume in daily day will delist.
In my opinion seems not enough store bitcoin or altcoin assets only one exchange, some exchange have offer with early listing than Binance and my trading exchange depend which one exchange will listing new coins early for trading.

Binance is the largest exchange and for more than 7 years I have used the Binance exchange, it is always safe. Even though many people say to be careful about storing assets on Binance, so far my assets are safe. I also always follow new coins released on Binance to buy early to get quick profits, but be careful and do your research before buying.

[TomPluz]

In 2024, I seldom use cryptocurrency exchanges as I got tired of doing some bounties and I could not give time to new ways of airdrop even the Telegram tap method. However, I do use exchanges sparingly and it was usually Binance until they got some trouble with my country's SEC then I transferred to Bybit and Kucoin, two other exchanges I also trust 100%. I don't worry so much on what can happen with exchanges as I am not using them as my wallet, first and foremost. In case I would have good coins and tokens to exchange, I am also looking to try to experience Bitget. Now, my number criteria is that an exchange, just like Binance, must have its P2P market and there would be participants based here in my country.

[legend45]

In 2024, I seldom use cryptocurrency exchanges as I got tired of doing some bounties and I could not give time to new ways of airdrop even the Telegram tap method. However, I do use exchanges sparingly and it was usually Binance until they got some trouble with my country's SEC then I transferred to Bybit and Kucoin, two other exchanges I also trust 100%. I don't worry so much on what can happen with exchanges as I am not using them as my wallet, first and foremost. In case I would have good coins and tokens to exchange, I am also looking to try to experience Bitget. Now, my number criteria is that an exchange, just like Binance, must have its P2P market and there would be participants based here in my country.

Binance in my country is no problem, dude. so I still use binance, kucoin and bybit to trade. because I spend a lot of time there every day. because besides participating in bounties I also focus on trading. because that way I can add crypto assets while waiting for the bullish season.

[Fivestar4everMVP]

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?

Well, for me, Binance used to be my top choice, simply because of their p2p exchange for my local currency, followes my OKX, Remitano, kucoin, then before I begin to talk about bybit, biget and the rest.

But ever since the Nigerian government forced Binance to ban Nigerian p2p exchange on Binance, okx closed their doors to Nigerians, kucoin started charging Nigerian users extra 7 percent trading fee as value added tax(VAT), Remitano became so unstable and lack p2p liquidity ever since I don't know.
Right now, my number one go to exchange is bybit for p2p trading,then followed by Binance for spot and futures trading, then followed by Bitget for buying and selling random Altcoins and selling of airdrops.

[LUCKMCFLY]

Binance in my country is no problem, dude. so I still use binance, kucoin and bybit to trade. because I spend a lot of time there every day. because besides participating in bounties I also focus on trading. because that way I can add crypto assets while waiting for the bullish season.

Well, the truth is that the exchanges you use are very reliable , they are old and have great trust and acceptability from most of the World, it is difficult for them not to want to Accept and restrict the use of Binance in some countries, I think that an economic dictatorship is only worse than what can happen and this really affects things in people, anything that affects people's pockets is bad for me, and more so with this, which is the exchanges, it is not ideal, we are already in a World where the economic tools are there.