flix on Nostr: In 2013 MtGox collapsed. Every few months since then another centralised exchange is ...
In 2013 MtGox collapsed.
Every few months since then another centralised exchange is hacked, collapses, blows up, goes bankrupt, is shut down by regulators, runs away with user funds, etc, etc...
How can you be safe from this huge, persistent, frequent risk?
Simple:
NOT YOUR KEYS, NOT YOUR COINS.
Exercise self-custody. Use a #DEX or #P2P to buy and sell.
Every few months since then another centralised exchange is hacked, collapses, blows up, goes bankrupt, is shut down by regulators, runs away with user funds, etc, etc...
How can you be safe from this huge, persistent, frequent risk?
Simple:
NOT YOUR KEYS, NOT YOUR COINS.
Exercise self-custody. Use a #DEX or #P2P to buy and sell.