Don’t blame newbies for using Centralized Exchanges. “Not your keys” Crypto is better than no Crypto at all.
1 min read
Crypto veterans sometimes can be pretty harsh judging newbies or anyone in general that is using Centralized Exchanges like Binance, Crypto.com etc. The saying “Not your keys, not your Crypto” is valid argument against these exchanges but sometimes for the Average Joe this is the only way to enter the market with almost zero knowledge.
Staking on DeFi, Liquidity Pools, Yield Farming, DeFi Swaps can be headache dealing with even for intermediate crypto users let alone complete newbies. Additionally it’s full of scammers, trying to scam vulnerable new users and drain their wallets.
In this line of thought i think that it’s completely OK for anyone to use CeEx as long as he is comfortable with it. Using Centralized Exchange should not be a reason for criticism and blame.
Not your keys not your Crypto, sure, but isn’t it better than no Crypto at all?
submitted by /u/Slainte042
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