01-20-2022, 05:24 AM
Most Investors (especially new ones) are better off using a CEX for their crypto ven
<!-- SC_OFF --><div class="md"><p>Before the comments get filled with the "Not Your keys, not your crypto" statement, let me explain.</p> <p>There isn't a day I go by scrolling reddit without hearing of a user losing their funds because they sent to the wrong network or just sent the completely wrong token in the first place. Malware that altered the wallet address and anything of the similar. Most people are better off just keeping their funds on a trusted CEX like Binance or <a href="https://Crypto.com">Crypto.com</a> (especially because of what recently happened) because of how easy it is to understand and use.</p> <p>These companies have billions of dollars in their system, it'd be obvious to assume they also have elite security for their keys. I'm not discouraging users from using wallets like Metamask and Exodus, but sending them there right off day 1 is one of the the worst things you could tell a new investor who has no idea how the crypto space works.</p> <p><strong>One of the best ways to put this is:</strong> <em>Do you really think you can keep your wallet more safe than a company like Binance?</em></p> <p>Thank you for coming to my Ted-Talk. I shall now wait for the downvotes.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/nitrolimitz"> /u/nitrolimitz </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/s7sd9v/most_investors_especially_new_ones_are_better_off/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/s7sd9v/most_investors_especially_new_ones_are_better_off/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Before the comments get filled with the "Not Your keys, not your crypto" statement, let me explain.</p> <p>There isn't a day I go by scrolling reddit without hearing of a user losing their funds because they sent to the wrong network or just sent the completely wrong token in the first place. Malware that altered the wallet address and anything of the similar. Most people are better off just keeping their funds on a trusted CEX like Binance or <a href="https://Crypto.com">Crypto.com</a> (especially because of what recently happened) because of how easy it is to understand and use.</p> <p>These companies have billions of dollars in their system, it'd be obvious to assume they also have elite security for their keys. I'm not discouraging users from using wallets like Metamask and Exodus, but sending them there right off day 1 is one of the the worst things you could tell a new investor who has no idea how the crypto space works.</p> <p><strong>One of the best ways to put this is:</strong> <em>Do you really think you can keep your wallet more safe than a company like Binance?</em></p> <p>Thank you for coming to my Ted-Talk. I shall now wait for the downvotes.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/nitrolimitz"> /u/nitrolimitz </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/s7sd9v/most_investors_especially_new_ones_are_better_off/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/s7sd9v/most_investors_especially_new_ones_are_better_off/">[comments]</a></span>Kind Regards R