Picking an exchange off vibes is still one of the most common (and costly) mistakes in crypto.
Real numbers: over $3.8B stolen from crypto platforms in a single year, with unregulated exchanges taking a disproportionate share of the hits.
$BTC is at $62.3K right now, Fear & Greed reading 23 (Extreme Fear). Markets like this are when people get sloppy, moving funds fast, skipping checks, chasing the next move instead of verifying the platform underneath them.
Quick gut-check before you deposit anywhere:
Does it publish Proof of Reserves?
Is cold storage the default for user funds?
Is it actually regulated somewhere real?
Are fees disclosed up front, not buried?
Does it support your actual strategy (API access, pairs, liquidity)?
If you can't answer these in under two minutes from the exchange's own site, that's the answer.
#Bitcoin #CryptoTrading #RiskManagement
Real numbers: over $3.8B stolen from crypto platforms in a single year, with unregulated exchanges taking a disproportionate share of the hits.
$BTC is at $62.3K right now, Fear & Greed reading 23 (Extreme Fear). Markets like this are when people get sloppy, moving funds fast, skipping checks, chasing the next move instead of verifying the platform underneath them.
Quick gut-check before you deposit anywhere:
Does it publish Proof of Reserves?
Is cold storage the default for user funds?
Is it actually regulated somewhere real?
Are fees disclosed up front, not buried?
Does it support your actual strategy (API access, pairs, liquidity)?
If you can't answer these in under two minutes from the exchange's own site, that's the answer.
#Bitcoin #CryptoTrading #RiskManagement