📘 Part 2 | Why I Never Sell U on Exchanges?
Many newbies' first reaction:
👉 "Selling U on exchanges is the safest, right?"
Unfortunately, this is a huge misconception.
I started trading on exchanges in 2019,
back when the KYC measures in the crypto space were excessively strict:
Holding identification
Video verification
Multiple checks
What was the result?
👉 In less than two months, multiple bank cards were frozen.
You need to understand a reality:
The crypto world is a big melting pot.
The money in exchanges may come from:
Fraud
Ponzi schemes
Gambling
Money laundering
Hackers
Various illegal channels
The money you receive from selling U
does not necessarily come from the person in front of you.
Some people say:
"I've never had my card frozen when selling U on exchanges."
I do not deny that.
But this is just a matter of probability.
Just because you haven’t been frozen now, it doesn’t mean you won’t be in three years or five years.
So I’ll say something that many people don’t like to hear:
👉 If you are seeking absolute safety, exchanges are not the answer. #加密市场观察 #巨鲸动向 $BTC $ETH
