- Mar 23, 2022
- 3,812
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Binance in past has done manipulation and now Kucoin is also facing similar type of charges. If these big exchanges are not safe, how can we trust other small exchanges?
Can we trust any crypto exchange ?
- Thread starter paisawaisa
- Start date
seomaster5
Elite Member
- Oct 31, 2021
- 4,495
- 1,265
Still there can be more issues. Like to do these transactions you have to do kyc. They can even compromise this data for their benefit in some way.
- Jun 16, 2020
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I'm pretty sure at least 5 people have credits on my identity. I don't worry about that anymore
seomaster5
Elite Member
- Oct 31, 2021
- 4,495
- 1,265
What do you mean by this ? Can you explain ?
- Jun 16, 2020
- 2,097
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I've uploaded my ID on many websites and many of them were hacked. I'm almost certain someone used my documents for loans or other stuff
- Mar 2, 2021
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I don't get it. Do you mean people use your data to get credited?
Asteranl
Junior Member
- Feb 14, 2023
- 125
- 21
You're right, exchange manipulation is scary.. Binance and Kucoin being big doesn't make them safe (centralised exchanges). Research smaller exchanges with good reputations and security. Consider DEXs (decentralised exchanges) for more control. No exchange is perfect, so diversify your crypto holdings and stay informed..
D
Deleted member 1927007
Guest
We cannot trust any exchange because they cannot run away anytime with our funds
- Mar 13, 2022
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Don't trust 100%, only 50%.
- Jun 9, 2020
- 5,872
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That's how it is. If you don't trust them then don't use them. And if you do use them then take your money out after using it.