Nostr Web Client

ps I may have been one of the people robbed on binance ('error' msgs repeatedly on screen, first as I was trying to exit, then, after I finally managed that (by that time in a bit of a blind panic {2016 redoubt ... CEX's collapsing under the strain all the time etc}, when I was trying to enter.

I felt robbed. At the time, I didn't realise everyone else was also getting probs.

#Suspicious

I'm moving more away from CEX trading than I already was in consequence.

Bailux 2mo ago

I'd say, just use the exchanges to buy and take the crypto off immediately. Don't hold anything on the exchange unless you want to sell soon.

Even kraken is a trustworthy exchange and it too has its problems.. Can't trust any of them.

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Discussion

cypherpunk 2mo ago

I've reduced the number of CEX I have accounts at, and total risk to under USD $1000 (fortunately before this 'event' (max 500 each x 2 CEX total risk)). And I trade using leverage for the bigger trades when required.

Before I used to trade spot side of the account, with much larger capital thus, on exchange; never again .... Because there's simply no need anymore now we have DEX infrastructure built out.

I'm one of the few (it seems) to have avoided all major CEX disasters. That wasn't by accident or luck. But, having thought most CEX probs solved, hell no.

It's the model that's wrong ... leaves retail open to all sorts of abuses. Enuf!