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RE: QuadrigaCX: The Plot Thickens
I have a few tokens on exchanges but I am only trusting Coinbase, Bittrex and Binance.
Any other exchanges I use is to get a coin, get it out as soon as possible. 😂
I have a few tokens on exchanges but I am only trusting Coinbase, Bittrex and Binance.
Any other exchanges I use is to get a coin, get it out as soon as possible. 😂
Yeah if you are going to trust exchanges, those are a good pick. It's also noteworthy to point out that if you had an equal amount on each exchange this would decrease centralized single-point-of-failure.
Personally I'm willing to put 10%-15% of my total holdings on a single centralized exchange. There's always the chance that my security is the one that's lacking and the only coins I'm left with are the ones I put on exchanges.
I am not the only one who worries about this, I seen the concern with others, that is all the personal information you have to give to these exchanges to interact. Dubious people running off with all your personally identifiable information would be just a big as a concern for me.
That's why Binance is awesome. I've given them nothing and can withdraw 2 Bitcoins per day. Of course I can't convert that Bitcoin directly into fiat but it's still nice.
Do you have to buy bitcoin to buy steem?...do they even have steem on Binance?..if they do can you still do that without giving out all your personal information?