You are viewing a single comment's thread from:

RE: KuCoin Wont Let POLY Withdrawals Since a Month

in #ethereum6 years ago

An exchange is not a wallet. And when you have your funds on the exchange, you put your balls in a corporate hand. Meaning, they can do whatever, squeeze and pull and you can't do shit. At least, that's my takeaway from the situation.

Sort:  

No one said an​ exchange was a wallet, but Im not allowed to trade directly into my own wallet so we have no choice. That being said I shouldn't have to worry about being jerked around just because they can.

There is Shapeshift, which is even included in Exodus wallet, so yeah, you have a choice.

Sorry to break it to you, but your funds on are sent to those centralized exchanges using shapeshit. They partner with them for liquidity. So your argument is moot.

How does that make my statement invalid? I was talking about KEEPING the funds on the exchanges, not about using them in general. You get the difference, right?

You said that there is shapeshift included in exodus wallet. How does that keep me from having to use a exchange to get my coins?

“An exchange is not a wallet” this is pretty much assuming I was using the exchange as a wallet.