DID YOU KNOW $1.6 BILLION+ IS LOST IN [16] CENTRALIZED CRYPTO-EXCHANGES BETWEEN 2014 AND 2019
PERSONAL EXPERIENCE
I am a victim of both the Bitfinex and Cryptopia. Bitfinex compensation was nothings less of joke. Cryptopia - fingers crossed, if what they have said so far, is anything to go by, I will recover all tokens. Yesterday when I locked into my account my tokens we still there, unfortunately I still have to wait until they can allow users to withdraw. As if I have not learnt anything from these experience :
I have about 0.1 Btc on Bitmex exchange where I have opened leverage trading position.
I also have about 0.5 Btc on Bittrex exchange to participate in the first Bittrex Initial Exchange Offering (IEO) taking place in the next few hours.
This goes to show that until solution is found, we are going to continue to lose a lot of money through exchange hackers.
IS THERE A SOLUTION IN THE HORIZON?
EfiN Decentralized Exchange just about to be launched might just be the solution the crypto space has been waiting for. It is promising the the crypto space, look and fill of the centralized exchanges while giving back to users and partners full control of to your private keys and your coins. They also seems to have a good model that will address liquidity problem. checkout their website and video on their website: https://www.efin.cx/?rc=NUKRT
if you get registered now and possibly become a partner with the exchange you will get a share of revenue made from the exchange. Upto 62% of the revenue from the exchange will be shared with the partners, in order words, getting paid while others trade.
You may check out their:
Youtube: https://www.youtube.com/efinexchange
telegram Chat: https://t.me/efinexchange
gitthub: https://github.com/efinexchange