Stay away from small crypto exchanges. They can be easily hacked, moreover, they can even steal your money.
A famous crypto enthusiast Joseph Young reported in his Twitter about one egregious case.
MapleChange stopped its activity without paying anyone back. Moreover, it closed down its social media (therefore, there is not a possibility to send them a message). It seems that this exchange has been created to deceive users in the future… And that happened.
Therefore, it is very important to choose established and reliable exchanges, like Binance, Bitfinex, and Gemini. Although even big crypto exchanges may be hacked (let’s remember cases of Bithumb and Coinrail), they feature much higher level of safety. Small exchanges are focused on profit, not user protection.
CZ (CEO Binance) has responded to this news: “Wow, some one should rank exchanges by wallet storage!”
Don’t be saps for airdrops, giveaways and other tricks used to attract users to scam exchanges.
Follow us on Telegram or subscribe to our newsletter!