exchanges Why i think the exchanges are a trap

[Keith700 1885]

Since a few years there have been several disappearances of important exchanges such as Mt Gox or Cryptsy.
Placing high amounts of money on exchanges is usually very tempting for ambitious people or high esteem for fiat money in exchange.
They are a trap because they can put any excuse at the time of taking out the money or their policy becomes very pedantic, it is like a kind of social but closed circle, certain people have lived that as a condition of putting their money against the ropes, It is better to put a small amount on exchanges that do not affect your pocket, each exchange is a world so choose a good one.

[mostawda3 425]

I agree with you,
(don't put all eggs in one basket)
I always say that the investor must distribute his money to a lot of exchanges to avoid losing all the money if any of those exchanges closed

[Keith700 1885]

Many people become deaf with respect to what you say, but each experience brings a lesson, exchanges are speculative means, not wallets in order. 😉

[Nicecrypto 543]

I think assets should be moved to exchange when you want to sell them of and buy up other assets of pull out funds or other crypto assets as the case might be and exchanges are not to used as storage wallets.

[Bitxalt 452]

Beware from Scammer and fraud, we hear this words everyday, and as we know, so many scammer and fraud in crypto, we need to do more research information to get accurate information before invest.

[Paranoxxx 228]

There are some bad examples like Mt Gox and also some smaller exchanges with fake volume. Most bigger exchange like Binance or Bittrex are more safe and serious. Nevertheless I would not recommend to store more funds on an exchange as you need.

[Keith700 1885]

3 hours ago, Nicecrypto said:

I think assets should be moved to exchange when you want to sell them of and buy up other assets of pull out funds or other crypto assets as the case might be and exchanges are not to used as storage wallets.

Currently there are very low quality exchanges that automatically imply that you do not enter there, they are sites with non-existent volume or suffocating policies.
Being in an official exchange is also a direct risk! To think that an exchange is a secure wallet is somewhat wrong, an exchange is only to exchange, not to hold so many digital assets.

[xprince1996 865]

On 10/19/2019 at 1:25 AM, Keith700 said:

Since a few years there have been several disappearances of important exchanges such as Mt Gox or Cryptsy.
Placing high amounts of money on exchanges is usually very tempting for ambitious people or high esteem for fiat money in exchange.
They are a trap because they can put any excuse at the time of taking out the money or their policy becomes very pedantic, it is like a kind of social but closed circle, certain people have lived that as a condition of putting their money against the ropes, It is better to put a small amount on exchanges that do not affect your pocket, each exchange is a world so choose a good one.

I agree with you exchange is a trap that's why it is not recommended to store your money on the exchange. That's why when you are trading to exchange it is best to withdraw it after trading to make sure that your fund is safe.

[yifnt 666]

The two exchanges that you mentioned for me are foreign ones because I have never heard of them and used them. Of course everyone will consider the best exchanges to put large funds into trading.

[palalu 512]

I know that putting money on an exchange is very dangerous, but I still do it. Because if I put money in the exchange do not have to bother if I need additional money for trading

[nasipadang 399]

On 10/19/2019 at 12:25 AM, Keith700 said:

Since a few years there have been several disappearances of important exchanges such as Mt Gox or Cryptsy.
Placing high amounts of money on exchanges is usually very tempting for ambitious people or high esteem for fiat money in exchange.
They are a trap because they can put any excuse at the time of taking out the money or their policy becomes very pedantic, it is like a kind of social but closed circle, certain people have lived that as a condition of putting their money against the ropes, It is better to put a small amount on exchanges that do not affect your pocket, each exchange is a world so choose a good one.

So the problem here is the difficulty of withdrawals and policies that can change and stand out so that users feel trapped. Basically you have to be careful in choosing an exchanger as a place for investment or trade. Exchanger wallet is not recommended for storage, there is a safer wallet. They include me using an exchaner wallet to make it easier to trade and manage investments.

[khan22 3478]

Exchanges are not the trap these exchanges are the way to build the crypto business is bigger and good because this is our future and i hope soon all the world will use the crypto market and on that time coins price is going to high so much and we can make good money through this easily.

[palalu 512]

3 hours ago, Highclass said:

at this time near are actual blue class exchanges that mindlessly entail that you organize not input there, they are sites with non-existent capacity or overpowering policies.
Being in an bureaucrat switch is besides a put on the right track risk! To deem that an argument is a make safe wallet is rather wrong, an talk is lone to exchange, not to hold so loads of digital assets.
 

can you explain your sentence more easily? because I don't really understand what you mean, did you use an online translator?

[Goody28 259]

I think we should not put huge exchanges because scammers use most exchange sites

[Honny143 13612]

Present so many exchange doing scam and they can't legit some of exchange are trust and they so pls check the exchange how it works and any perous history scam and when that happened don't investment and withdrawal your amount in the sites 

[palalu 512]

21 minutes ago, Chokomillo said:

Presently there are actual subtle trait exchanges that routinely involve that you solve not come in there, they are sites with non-existent capacity or disgusting policies.
Being in an certified substitute is plus a sincere risk! To judge that an switch over is a safe and sound wallet is a bit wrong, an talk is barely to exchange, not to hold so loads of digital assets.
 

Are you trying to explain what is meant by a user named Highclass? Because I don't think we've been in a conversation

[duncun007 3577]

i think a lot of people think the same but if you as me right no we have no other options than exchanges and its the only thing we can use to exchange our coins.

[Sunny kumar 41]

The exchange is not a trap but yes it doesnt gives the value you deserve the trader who exchamges money wants to earn commission thats tge reason your money value decreases ..so dont worry earn good well and all the best

[guatazoo 7150]

Exchanges are the only place you can trade and you can cashout, so of course they are traps and for the point you are saying they are even more of a trap.

[Sapdrx 469]

On 10/18/2019 at 7:25 PM, Keith700 said:

Since a few years there have been several disappearances of important exchanges such as Mt Gox or Cryptsy.
Placing high amounts of money on exchanges is usually very tempting for ambitious people or high esteem for fiat money in exchange.
They are a trap because they can put any excuse at the time of taking out the money or their policy becomes very pedantic, it is like a kind of social but closed circle, certain people have lived that as a condition of putting their money against the ropes, It is better to put a small amount on exchanges that do not affect your pocket, each exchange is a world so choose a good one.

So what about the major exchanges that already exist for some time. Can we trust those ? I personally use Coinbase most of the time but I also use yobit and Binance.

[btcto200k 5]

Some exchanges are definitely a trap. I get spam messages from scammy exchanges on discord and telegram everyday.

 

DO NOT DEPOSIT FUNDS ON EXCHANGES THAT DON'T SEEM TRUSTWORTHY.

 

There are a lot of scams out there. I would recommend depositing in well known exchanges like Binance, Bitmex (but they are also prone to hacks).

 

I personally trade on BBOD because they are fast, have a transparent custody and zero fee trading.

 

These features are more than enough for me.

 

But always, DYOR before trading! Cheers!

[mani982 286]

i do not think that exchange are trap .Remember one thing that without exchanges how crypto will be traded without exchanges we can not trade the crypto nor bitcoin.before depositing in exchange check exchange information.

[duncun007 3577]

a lot of people see centralised exchanges are a trap and thats simply because when we use them we dont have the key to our wallet on the exchange but its rather the owners of the exchange that end up owning the whole thing.

[Maaz sultan 265]

On 10/18/2019 at 10:30 PM, mostawda3 said:

I agree with you,
(don't put all eggs in one basket)
I always say that the investor must distribute his money to a lot of exchanges to avoid losing all the money if any of those exchanges closed

You are right about it that the investors must have invest their money not only one exchange they have invest their money on more then 1 exchange because if you loose from one exchange so that will be ok. 

[Afrizal rahman 2636]

The disappearance of the two places of exchange seems to open our eyes that something that is striking or that gives something beneficial is temporary, I do not understand why their reasons are missing from the exchange.