01-18-2018, 10:48 AM
(This post was last modified: 01-18-2018, 10:51 AM by JackOfHearts.)
Be careful of every exchange:
https://news.bitcoin.com/ceo-huobi-annou...investors/
It's the wild west with every exchange, be ready to lose everything on them.
Some say withdraw, but that's just a dream, some coin you can't even withdraw as it either cost too much or don't want to waste your time moving all those crypto coin in 20 differents wallets with 20 different password with 20 different seeds.
Sometimes the coin just got out and they don't have a wallet yet
Regulation isn't helping us here, quiet the opposite, as some exchange are based in China or in a country with a government that could ban crypto.
With that in mind most exchange know that they are not here to stay. With those circumstances they will try to max out their profit fast. Pump and dump, high withdrawal fees, not enough servers for the demand, etc. And some directly scamming users here and there, who will sue them if some 1000 users on 1 billion lost 300$ here and there from time to time.
Also decentralized exchange are not ready yet but they will come, Atomic swap too.
I guess it's safe to say it's not safe
https://news.bitcoin.com/ceo-huobi-annou...investors/
It's the wild west with every exchange, be ready to lose everything on them.
Some say withdraw, but that's just a dream, some coin you can't even withdraw as it either cost too much or don't want to waste your time moving all those crypto coin in 20 differents wallets with 20 different password with 20 different seeds.
Sometimes the coin just got out and they don't have a wallet yet
Regulation isn't helping us here, quiet the opposite, as some exchange are based in China or in a country with a government that could ban crypto.
With that in mind most exchange know that they are not here to stay. With those circumstances they will try to max out their profit fast. Pump and dump, high withdrawal fees, not enough servers for the demand, etc. And some directly scamming users here and there, who will sue them if some 1000 users on 1 billion lost 300$ here and there from time to time.
Also decentralized exchange are not ready yet but they will come, Atomic swap too.
I guess it's safe to say it's not safe
