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Can someone please give me a simple reasoning to pic exchange platform

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by COINS NEWS 115 Views

So, I know that the safest would be to save in non custodial wallet, but I got my crypto grown from trading it when it was small. With this whole FTX thing, I am getting scared to lose my crypto and thinking to go to uncustodial wallet. But I cannot trade that way.

Someone mentioned Kraken being the oldest crypto trading platform and I have googled that Kraken have been wise in handling investor's money. Then I remembered, FTX HQ was in the bahamas, where all the ponzy schemers build their HQ.

I research binance hq, apparantly it is stuck with CZ. CZ = binance. So, again it seems to smell like the beginning things similar to FTX. I searched CDC HQ, I found two article that said one in Singapore, and another in HK. If singapore, it might still be ok, but HK, I have a bad ponzy experience with that place. Lost lots of money and have to back to zero. Meanwhile Kraken is the only one that has HQ in a place where legality can at least be proven, san francisco.

Can someone educate a simple guy who just started in crypto? Is uncustodial wallet my only chance for safety?

submitted by /u/cinlung
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