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Old 08-08-2021, 03:44 PM   #3374
Manic!
Need to Shave n Shower, but I CANT STOP POSTING ON RS
 
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Join Date: Apr 2004
Location: Nanaimo
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Quote:
Originally Posted by donk. View Post
5. Exchanges shut down when the owners "die" and millions are lost
6. Once you lose your keys on many exchanges, GG
6.1 Many exchanges, once you break your phone, and the 2FA can only be verified by the original phone, your entire account is gone.
7. 0 security, its the wild wild west for getting your coins stolen
8. Transfers sometimes take up to several days to process
9. The majority of coins, are shitcoins, just like the stonk market, theres way more people losing money, than making it
Don't keep your coins on an exchange. Being your own bank is one of the things people like but can also be a bit scary.
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