[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 669 KB, 1200x630, kucoin.png [View same] [iqdb] [saucenao] [google]
22834044 No.22834044 [Reply] [Original]

This is why crypto will never ever be mainstream.
If a bank lost your money because of a fault in their own security you would be owed compensation, you could sue them, they would go under, major investigations to rule out insider play etc etc.
If an exchange loses your coins its another friday afternoon, nothing to see here continue using us :D.

>> No.22834066

You mean, this is why when this is fixed crypto will boom so fucking hard.

>> No.22834067

stop keeping your coins on exchanges, idiot. not your keys not your crypto

>> No.22834078

>>22834067
OK give me 1 normie friendly alternative

>> No.22834111

>>22834078
ledger wallet

>> No.22834130

>>22834111
checked but
>bro just buy this closed source usb thingy u need to transfer all of your crypto every time you buy plus keep this seed phrase safe in a safe and also pray that ur chosen crypto has cold staking

>> No.22834181

>>22834130
well.. ledger at least never had issues. compare to cexs. also one might think about really needing every 2nd coin under the sun

>> No.22834225

>>22834067
>stop trading
???

>> No.22834277

We need trustless exchanges now more than ever.

Inside the ETH ecosystem, it works by now with Uniswap, Mooniswap, Sushiswap, 1Inch...

Now we need this across chains or everything will be tokenized on ETH.

>> No.22834280
File: 70 KB, 640x733, f45rljpgsep51.jpg [View same] [iqdb] [saucenao] [google]
22834280

>>22834044
dont worry, (((alicia))) will keep you update!

>> No.22834301

>>22834111
>ledger wallet
what keeps the postman or the manufacturer compromising my ledger?
because it comes unopened and in a shiny box? fuck that

>> No.22834314

>>22834044
One of the objectives for DECENTRALISED finances is to have DECENTRALISED exchanges. Try to breath through your nose sometimes, pajeet.

>> No.22834315

>>22834044
They have the funds insured. If a bank would lose your money they would charge all users extra fees to cover for that.
Also, please gas yourself so the RWDS will not have extra work to do.

>> No.22834321

it says that customer losses will be covered by an insurance fund

>> No.22834341

>>22834321
because chink cexes are known for keeping their promises

>> No.22834355

>>22834280
Funds are Safu

>> No.22834378

>>22834277
https://nash.io/

>> No.22834444

>>22834044
As u sayed. Banks also get hacked. And they have insurence for that. Same as Binance and Kraken btw.
Kraken also has a Banking lincense.
Its just uncertain on small exchanges same as it is uncertain to store ur money in some small unknown banks in uruguay or zimbabwe.
It will get regulated and save by itself when its big.