@CryptoSorted
more from that month
Here are the 5 major ways everything can go wrong with your #crypto investment and how to avoid or manage them accordingly. 👇 https://cryptosorted.info/risks-of-investing-in-crypto-and-how-to-manage-them/ What other risks of investing in crypto have you identified? Share with us in the comments section below. #cryptocurrency
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I think relying too heavily on CEXs is a huge risk, because it's not always clear just how capricious those folks are. For example, you may have some crypto in Coinbase that you want to get out NOW, but because of logon problems, or other lame excuses, Coinbase won't let you withdraw for 72 hours. Another HUGE problem is that in many cases you don't even know if the CEX is actually investing your money in the crypto, or just storing it in a slush fund. PayPal and Uphold seem to me to operate like this. So in those two cases, if you think you are investing in crypto, in actuality you may only be investing in something that tracks the price of crypto. NOT YOUR KEYS, NOT YOUR CRYPTO!!