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RE: Steemit Crypto Academy Contest S6-W2 | Centralized Cryptocurrency Exchange Platforms and Its risks

in SteemitCryptoAcademylast year (edited)

Wow, what a wonderful understanding over the topic. You have really done a great research work in accomplishing this task and your time is always highly appreciated.

If you haven't had your keys to your wallet then it means you haven't had your assets in your hand and in the case of Centralized Exchanges all of your assets are at the risk and the trust of the owner of the Exchange.

Well, I strongly agree with you here. Yes, the centralized exchanges are always at the risk of frauds if the company wanted to do it. There are no private keys involved in the security of the assets so they are always less secure and private than the decentralized exchanges and wallets.

Cryptocurrency is the most convenient way to pay anywhere in the world within the blink of an eye. I don't think Crypto is outdated and is not suitable in the current age.

Right brother. Actually, these types of incidents are the exact reminders of the high risks and volatility that are always linked to the cryptocurrency market. We can never ignore the benefits that we get from the concept of cryptocurrencies.

Cryptocurrency is too much old as there are only created 11 or 12 years ago. We all know that every new thing need some time to flow in the flawless way so the same is the case with the crypto. The future of it is going to be very bright.

Thanks a lot for your beautiful participation in this contest. I wish you a very good luck for it. 🤞

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Thank You so much for such an excellent comment on my Article.

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