I always warn investors and traders to stay away from centralized exchanges. One of my main reasons is you don't have total control of your assets. Plus when a hacker got access to their wallets they can take everything including your assets. If that happens then you're assets are gone and there's nothing you can do about it.
Yesterday, Binance user's bot was hack forcing user's to dump their alt coins and pumping VIA up to %16,000 on Binance. For me centralized exchanges are nothing but crooks. Imagine they got hacked and they didn't do anything about it? They could have disable tradings for VIA, but they didn't do something about it. What are the reasons? We all know they have access to everything, but in the end some of you guys patronize these crooks. That's why crypto market will never grow like they way we wanted it, organic and safe for everyone.
Anyway, like we they always said, like we always said, there's nothing we can do about it. But, I can offer you a solution, a safe exchange for you, where you can safely store your assets plus you have your own wallet that is separated from each and everyone's wallet. Bitshares DEX is one of the safest decentralized exchange ever build on Bitshares platform. With no history of being hacked. It's fast, secured and reliable features is one of the best it can offer in this industry.
Stop supporting these centralized exchanges. With you're help and everyone's help on Bitshares community we can list coins we wanted to be added on Bitshares DEX using openledger or @blocktrades. If we cooperate, centralized exchanges will be a thing of the past, only to know as the crooks of crypto community, who take advantages from investors and traders.
Yes you right. But Dex is not ready yet. Usually dex have got low volume. So people prefer to like binance or bitfinex in the market. But coming years dex will be very important for traders. Thanks for share and have a nice day
Just wait till the bitshares bot is ready. If it's user-friendly enough, people will use it a lot and the volume will skyrocket
Problem with volume isn't the problem. People was always thought of Bitshares has low volume and wait for it to grow. How will it grow if people are not cooperating? Volume will surely increase if our mindset isn't like everyone waiting for it's volume to grow.