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Why new crypto exchanges with tokens can’t be trusted with.

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by COINS NEWS 131 Views

New crypto exchanges can’t be trusted because they might be stealing your money and buying their own fake tokens with it which makes it really sketchy. They can manipulate the price and make more whenever they want. This allows them to use these fake tokens as collateral and print money out of thin air.

Also, exchange tokens/coins aren't really worth anything and you should stick with the more established cryptos like BTC and ETH. These are dangerous times and people should be careful not to throw their money away on sketchy coins or tokens.

The best thing to do is hold your own keys and use decentralized exchanges (Uniswap). Another option is to use an old, reliable centralized exchanges (Kraken) or platforms (Haru Invest) that doesn't have its own token and doesn’t practice . This means they aren't involved in any sketchy business practices.

As always, DYOR and focus on the long term. Be smart and avoid exchange tokens. People should be careful and educate themselves about this stuff.

submitted by /u/Afraid_Equipment4279
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