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>As long as you can pick up your keys and seamlessly start trading on a different exchange, that part of the crypto world is not centralized. I once asked a fr
by 2muchcoffeeman 4y ago
>As long as you can pick up your keys and seamlessly start trading on a different exchange, that part of the crypto world is not centralized.
I once asked a friend who had signed up to some crypto exchange "Do they just give you your keys when you sign up?". They replied, "What keys?" Eventually they found it. But it's not like they educate the user.
- birracerveza 4y agoThe cool thing is that you can use a centralized exchange and not even know about what keys are, or use the network as it is intended and not rely on a centralized entity. What's bad about having more options?
- 2muchcoffeeman 4y agoThis is bad because who ever controls the keys controls the coins. So really for all these clueless users, the exchange owns all the coins and you can’t prove otherwise. And they don’t bother educating the user. Or suggesting best practice. That’s not in the users favour.