You are viewing a single comment's thread from:

RE: Musing Posts

in #musing-threads6 years ago

O.K. First, full disclosure. I was one of the idiots who lost cryptocurrency to Cryptsy. It seemed legitimate to me at the time but in hindsight very small to no transaction fees should have been a warning sign. Also, long delays and problems making immediate withdrawals should have been a sign also but I bought the constant "maintenance" excuse from Cryptsy.

When I have to use a centralized exchange now I use Poloniex. However, there are decentralized peer-to-peer alternatives for cryptocurrency exchange such as openbazaar. Also, when trading ethereum tokens a "trustless" smart contract dapp such as etherdelta or forkdelta minimizes the risk of scam or fraud to near zero (as long as you are using the right contract addresses).

Sort:  

Thanks... for letting me know. I used Poloniex before. Looking forward to a better decentralised exchange in the future.