RE: Not Your Keys Not Your Coin: Centralized Companies Use Your Assets To Take Bigger Risks

avatar of @piensocrates
Pienso, luego existo
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1 min read

Investing and trading in the crypto markets is something that, in itself, already has its level of risk, and when we choose certain alternative platforms for it (third party platforms) we must be even more careful than we normally have to be.

So when we deciding to put our cryptos on any platform, project or investment (be it DeFis, NFTs, or whatever), we must study everything related very well and fully understand the potential risks before anything else; because what you said is very true "Not Your Keys Not Your Coin". Because if we don't have the keys to our cryptos, we don't have the real authority over our crypto funds.

So we have to be very careful about where we put or store our crypto, and in whose hands we put it.

Excellent post. Greetings.

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