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I see that the crypto community getting tricked each time, and I hate it, this is a serious problem that can be easily prevented
NEVER EVER trust a centralized exchange
Just use a decentralized exchange/wallet and save your seed in a safe way; safe place (you need to do some Google/YT search to know how to do so correctly)
We saw what happened with FTX and other exchanges lately, including some US / Turkey exchanges and in other countries
Even the most popular exchanges like Binance and Coinbase should not be trusted, as they can easily lock your funds forever just by saying "Sorry you violated our TOS".
No matter how much the exchange is popular and considered trustworthy like Binance and Coinbase don't trust them either, use decentralized exchanges/wallets
Using decentralized exchanges and wallets is a MUST and the best way to protect your funds from central exchanges and hackers. PEOPLE you have to realize that your centralized exchange have the power to control your own funds, and LEGALLY lock you out of your OWN money, for any dumb reason they come up with, they just have to refer to their long vague non-understandable TOS. Which no one reads anyway.
CMON PEOPLE WAKE UP
Edited by BlueBison, 22 April 2024 - 09:32 AM.
