3 ms·
I mean, you can swap without a centralized exchange. In fact, for my PA account I would never use a CEX to swap coins.
by smabie 6y ago
I mean, you can swap without a centralized exchange. In fact, for my PA account I would never use a CEX to swap coins.
- ericlewis 6y agoSure, but if you use coinbase you’re locked it. And in some cases unless you produce an ID you can’t even get the money out. Pretty weird you can dump as much money in as you want but getting it out isn’t as easy.
- Animats 6y agoThat's the biggest problem with crypto exchanges. They need to be brought under the same rules as other broker/dealers. The Know Your Customer rules are applied when you open the account, not when you withdraw. Fails to process a withdrawal within specified time limits gets a broker in serious trouble. Institutional clients stop dealing with you within hours. See Drexel Burnam Lambert for an example. Then FINRA lands on you.