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#376 2023-07-15 23:51:07

thrive
Member
Registered: 2023-01-04
Posts: 2,575

Re: Warning: Don’t leave your funds on an exchange/crypto service

Crpuss;18546 wrote:
Camavinga;18428 wrote:
crpuusd;18419 wrote:

To exhibit a platinum transfer that  disclosed a 100% decentralization is what Utopia p2p firewalls protocol has been made of. This doesn't plight users to any danger but instigate users to want to do more.

There is no danger with the utopia ecosystem, it is for people who want an ecosystem that is decentralized and that will not collect details from them. Utopia is good for everyone and what they are offering is what will help you if you are into crypto.

I agree with you mate, it’s hard to convince anyone who has had issues with an exchange to trust another exchange but the Utopia forum and Crypton exchange isn’t a bad advice

It is not hard to convince them though because the bad experience the person had with crypto exchange was due to lack of knowledge.

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#377 2023-07-20 19:40:19

Detroit
Member
Registered: 2022-12-27
Posts: 2,064

Re: Warning: Don’t leave your funds on an exchange/crypto service

Among the many complications associated with cryptocurrencies like Bitcoin (BTC), a lack of knowledge and understanding of crypto is the main issue.

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#378 2023-07-20 19:41:31

KingCRP
Member
Registered: 2023-01-06
Posts: 1,054

Re: Warning: Don’t leave your funds on an exchange/crypto service

One of the major disadvantages of many cryptocurrencies is that they are decentralized, meaning they lack a physical presence and are not supported by a central body

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#379 2023-07-20 20:39:16

Europ
Member
Registered: 2023-05-23
Posts: 2,186

Re: Warning: Don’t leave your funds on an exchange/crypto service

KingCRP;18633 wrote:

One of the major disadvantages of many cryptocurrencies is that they are decentralized, meaning they lack a physical presence and are not supported by a central body

Decentralization doesn't makes its a disadvantages in some cases but the factors of endorsement by centralised bodies are mostly what makes the deteriorating of crypto to finance world. We can as we seen how the BTC grown when there were support.

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#380 2023-07-20 21:04:11

crpuusd
Member
From: Blockchain
Registered: 2022-12-13
Posts: 2,411

Re: Warning: Don’t leave your funds on an exchange/crypto service

Europ;18654 wrote:
KingCRP;18633 wrote:

One of the major disadvantages of many cryptocurrencies is that they are decentralized, meaning they lack a physical presence and are not supported by a central body

Decentralization doesn't makes its a disadvantages in some cases but the factors of endorsement by centralised bodies are mostly what makes the deteriorating of crypto to finance world. We can as we seen how the BTC grown when there were support.

Actually those who don't dabbles with their coin are the one that are getting more excitement in the long run.

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#381 2023-07-21 07:00:37

Camavinga
Member
Registered: 2023-01-06
Posts: 836

Re: Warning: Don’t leave your funds on an exchange/crypto service

KingCRP;18633 wrote:

One of the major disadvantages of many cryptocurrencies is that they are decentralized, meaning they lack a physical presence and are not supported by a central body

That is not a disadvantage of decentralized crypto. Cryptocurrencies do not have physical presence, even the ones that are centralized, a central body is not necessary and cryptocurrencies are working without a central body and they may be a problem for crypto.

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#382 2023-07-21 16:40:48

Comrade
Member
From: Utopia App Client
Registered: 2022-12-30
Posts: 2,385

Re: Warning: Don’t leave your funds on an exchange/crypto service

crpuusd;18670 wrote:
Europ;18654 wrote:
KingCRP;18633 wrote:

One of the major disadvantages of many cryptocurrencies is that they are decentralized, meaning they lack a physical presence and are not supported by a central body

Decentralization doesn't makes its a disadvantages in some cases but the factors of endorsement by centralised bodies are mostly what makes the deteriorating of crypto to finance world. We can as we seen how the BTC grown when there were support.

Actually those who don't dabbles with their coin are the one that are getting more excitement in the long run.

Of course some people are always like seeing lots of Centralised crypto investment out their but on the other side the so call crypto investment was only a scam platform in other to consume their fund.

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#383 2023-07-21 17:25:42

crpuusd
Member
From: Blockchain
Registered: 2022-12-13
Posts: 2,411

Re: Warning: Don’t leave your funds on an exchange/crypto service

Comrade;18825 wrote:
crpuusd;18670 wrote:
Europ;18654 wrote:

Decentralization doesn't makes its a disadvantages in some cases but the factors of endorsement by centralised bodies are mostly what makes the deteriorating of crypto to finance world. We can as we seen how the BTC grown when there were support.

Actually those who don't dabbles with their coin are the one that are getting more excitement in the long run.

Of course some people are always like seeing lots of Centralised crypto investment out their but on the other side the so call crypto investment was only a scam platform in other to consume their fund.

Well i will commend that such also goes into some trade system like that which are likely to be a gamble scheme. We should be careful for some Fx analytical trade its most like a gamble in making.

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#384 2023-07-21 21:21:05

Europ
Member
Registered: 2023-05-23
Posts: 2,186

Re: Warning: Don’t leave your funds on an exchange/crypto service

Crpuss;18859 wrote:
JONSNOWING;18853 wrote:
Crpuss;18852 wrote:

I believe anyone looking up for centralized exchanges should always have their way around it and know best to follow their exchanges up, different things work for different people

You are right mate, anyone using a centralized exchange should always be fully aware of it and not just because others around them use centralized exchanges, the misinformed ones are more likely to loose their coins on an exchange

Not all centralized exchanges are bad, the issue should be spotting out the scam exchanges that operate to hack people’s wallet and coins faster and easier to reduce their victims

Secured centralised exchange or should i call it reliable exchange some actually exist with a high reputation in which they won't want to jeopardize such an high value .

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#385 2023-07-22 22:01:55

Crpuss
Member
Registered: 2023-06-16
Posts: 234

Re: Warning: Don’t leave your funds on an exchange/crypto service

Europ;18866 wrote:
Crpuss;18859 wrote:
JONSNOWING;18853 wrote:

You are right mate, anyone using a centralized exchange should always be fully aware of it and not just because others around them use centralized exchanges, the misinformed ones are more likely to loose their coins on an exchange

Not all centralized exchanges are bad, the issue should be spotting out the scam exchanges that operate to hack people’s wallet and coins faster and easier to reduce their victims

Secured centralised exchange or should i call it reliable exchange some actually exist with a high reputation in which they won't want to jeopardize such an high value .

I agree with you mate, the risk exist in using an exchange when one knows nothing about their routes, it’s best to choose wisely when choosing a centralized exchange to avoid falling victim of scam exchanges

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#386 2023-07-22 22:09:04

JONSNOWING
Member
Registered: 2023-01-06
Posts: 1,237

Re: Warning: Don’t leave your funds on an exchange/crypto service

Crpuss;19094 wrote:
Europ;18866 wrote:
Crpuss;18859 wrote:

Not all centralized exchanges are bad, the issue should be spotting out the scam exchanges that operate to hack people’s wallet and coins faster and easier to reduce their victims

Secured centralised exchange or should i call it reliable exchange some actually exist with a high reputation in which they won't want to jeopardize such an high value .

I agree with you mate, the risk exist in using an exchange when one knows nothing about their routes, it’s best to choose wisely when choosing a centralized exchange to avoid falling victim of scam exchanges

I agree with you mate, anyone using a centralized should always have their way around it and it’s risks too and how to handle them because different things work differently for different people

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#387 2023-07-22 22:22:05

gap
Member
Registered: 2023-06-14
Posts: 1,925

Re: Warning: Don’t leave your funds on an exchange/crypto service

A system with a crucial amplitude of unknown information might be of creating another resource goal apart from the general announced goal.

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#388 2023-07-23 05:46:50

Lanistergame2
Member
Registered: 2022-12-25
Posts: 2,420

Re: Warning: Don’t leave your funds on an exchange/crypto service

KingCRP;18633 wrote:

One of the major disadvantages of many cryptocurrencies is that they are decentralized, meaning they lack a physical presence and are not supported by a central body

This is not a disadvantage at all but an advantage that makes cryptocurrencies unique and different from centralized currencies.
You have the freedom and control over your funds which is lacking when a central authority can determine how you use and spend your assets.

If you wish to use a centralized asset, use CBDCs.

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#389 2023-07-23 16:16:11

Comrade
Member
From: Utopia App Client
Registered: 2022-12-30
Posts: 2,385

Re: Warning: Don’t leave your funds on an exchange/crypto service

Getting crypto coin is a step to owing something and you can either choose if you want your name on it or you actually dont want to your name on it. More in other space you can build a world around you to keep the ball rolling.

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#390 2023-07-23 19:58:19

crpuusd
Member
From: Blockchain
Registered: 2022-12-13
Posts: 2,411

Re: Warning: Don’t leave your funds on an exchange/crypto service

Comrade;19187 wrote:

Getting crypto coin is a step to owing something and you can either choose if you want your name on it or you actually dont want to your name on it. More in other space you can build a world around you to keep the ball rolling.

If you believe too much in scamming again you might lose a lot of things but if you believe in safety precaution in every opportunity again then it ensures that you can profits due to your choices

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#391 2023-07-23 20:11:07

CrytoCynthia
Member
Registered: 2022-11-19
Posts: 3,193

Re: Warning: Don’t leave your funds on an exchange/crypto service

crpuusd;19219 wrote:
Comrade;19187 wrote:

Getting crypto coin is a step to owing something and you can either choose if you want your name on it or you actually dont want to your name on it. More in other space you can build a world around you to keep the ball rolling.

If you believe too much in scamming again you might lose a lot of things but if you believe in safety precaution in every opportunity again then it ensures that you can profits due to your choices

Well on the contrary I think if you believe in scamming you would become very conscious of things and you would definitely not want to fall for such scams any more.

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#392 2023-07-23 20:14:16

JONSNOWING
Member
Registered: 2023-01-06
Posts: 1,237

Re: Warning: Don’t leave your funds on an exchange/crypto service

crpuusd;19219 wrote:
Comrade;19187 wrote:

Getting crypto coin is a step to owing something and you can either choose if you want your name on it or you actually dont want to your name on it. More in other space you can build a world around you to keep the ball rolling.

If you believe too much in scamming again you might lose a lot of things but if you believe in safety precaution in every opportunity again then it ensures that you can profits due to your choices

Someone can believe blindly in safety precautions without applying them and still get scammed, most safety precautions require some understanding of how they work

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#393 2023-07-23 20:16:18

Crpuss
Member
Registered: 2023-06-16
Posts: 234

Re: Warning: Don’t leave your funds on an exchange/crypto service

JONSNOWING;19225 wrote:
crpuusd;19219 wrote:
Comrade;19187 wrote:

Getting crypto coin is a step to owing something and you can either choose if you want your name on it or you actually dont want to your name on it. More in other space you can build a world around you to keep the ball rolling.

If you believe too much in scamming again you might lose a lot of things but if you believe in safety precaution in every opportunity again then it ensures that you can profits due to your choices

Someone can believe blindly in safety precautions without applying them and still get scammed, most safety precautions require some understanding of how they work

You are right mate, aside how some safety precautions work. How they are applied and when to avoid self actions that can put our accounts at risk of being hacked is also needed

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#394 2023-07-23 20:21:14

Kelechi
Member
Registered: 2022-12-25
Posts: 3,040

Re: Warning: Don’t leave your funds on an exchange/crypto service

Crpuss;19228 wrote:
JONSNOWING;19225 wrote:
crpuusd;19219 wrote:

If you believe too much in scamming again you might lose a lot of things but if you believe in safety precaution in every opportunity again then it ensures that you can profits due to your choices

Someone can believe blindly in safety precautions without applying them and still get scammed, most safety precautions require some understanding of how they work

You are right mate, aside how some safety precautions work. How they are applied and when to avoid self actions that can put our accounts at risk of being hacked is also needed

I think that getting hacked has now become a serious condition we should all look into, I see even people who are very careful are still getting hacked.

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#395 2023-07-23 21:54:52

PEACEMAKER
Member
Registered: 2023-01-27
Posts: 412

Re: Warning: Don’t leave your funds on an exchange/crypto service

Comrade;19187 wrote:

Getting crypto coin is a step to owing something and you can either choose if you want your name on it or you actually dont want to your name on it. More in other space you can build a world around you to keep the ball rolling.

Crypto is anonymous and there is no way to put your name or identity on your assets. The only way you can expose your privacy is when using centralized exchanges that require KYC and AML procedure that means you submit personal documents.

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#396 2023-07-23 22:07:55

gap
Member
Registered: 2023-06-14
Posts: 1,925

Re: Warning: Don’t leave your funds on an exchange/crypto service

PEACEMAKER;19282 wrote:
Comrade;19187 wrote:

Getting crypto coin is a step to owing something and you can either choose if you want your name on it or you actually dont want to your name on it. More in other space you can build a world around you to keep the ball rolling.

Crypto is anonymous and there is no way to put your name or identity on your assets. The only way you can expose your privacy is when using centralized exchanges that require KYC and AML procedure that means you submit personal documents.

We should not forget that there are some crypto currency that are not decentralize, they are classify as a Centralised currency and they are always listed among crypto currency and as well they are popular.

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#397 2023-07-27 07:18:39

Lanistergame2
Member
Registered: 2022-12-25
Posts: 2,420

Re: Warning: Don’t leave your funds on an exchange/crypto service

We should avoid those currencies which are not fully decentralized. What it means is that your funds are not entirely yours or not yours at all. The central authority at anytime can restrict you from actually using the funds which you bought and lock you out from your wallet or exchange.

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#398 2023-07-27 11:43:47

crpuusd
Member
From: Blockchain
Registered: 2022-12-13
Posts: 2,411

Re: Warning: Don’t leave your funds on an exchange/crypto service

Lanistergame2;19595 wrote:

We should avoid those currencies which are not fully decentralized. What it means is that your funds are not entirely yours or not yours at all. The central authority at anytime can restrict you from actually using the funds which you bought and lock you out from your wallet or exchange.

Its important that some transactions are monitored and traceable its might occur that some breaches can lead to lost of funds.

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#399 2023-07-27 21:32:04

Detroit
Member
Registered: 2022-12-27
Posts: 2,064

Re: Warning: Don’t leave your funds on an exchange/crypto service

Hackers allegedly breached gaming-focused blockchain platform Ronin Network last week and extracted cryptocurrencies now valued at more than 600 million dollars.

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#400 2023-07-28 19:44:57

Kelechi
Member
Registered: 2022-12-25
Posts: 3,040

Re: Warning: Don’t leave your funds on an exchange/crypto service

Detroit;19641 wrote:

Hackers allegedly breached gaming-focused blockchain platform Ronin Network last week and extracted cryptocurrencies now valued at more than 600 million dollars.

Well hackers are causing more harm than good and it's time people start to anticipate their attacks and always try to avoid it.

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