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RE: Do you have crypto stored on an exchange. Why not be smart!

in #crypto7 years ago

Soooo what does this remind you of? how did value storage start?...
This is literrally a crypto bank. Doing exactly what hte first banks did, ovvering some return for storing your valuye so that they can use it to lend to others. In concept anyways.

Being the concept that crypto started as a wayt o move away from institusionalized money. So storing your crypto in this place is to go into that same trap. Isnt it?

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I dont know, so far it all seems good to me. But of course it could all be scam. I have deposited and made withdrawals and it works fine so far:-) if it will run in the future I don’t know.:-)

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My point was simply that it seems to be the same as a bank, just for cryptos. So if a central bank is not a scam to you then the same likely goes for this.