@Telesfor
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I don't hold Bitcoin Cash on the centralised exchanges. At least not for long. When I buy something, I send it immediately to my address, to which only I have access, which means that only I know the seed. That's the only way my BCH is safe. A centralised exchange can be hacked. A centralised exchange can go bankrupt. It is like a bank. A government agency can block Bitcoin Cash on a centralised exchange and not allow to withdraw it. None of this can happen if my Bitcoin Cash is in the blockchain and only I have the key to it. It can't happen on a DEX either. That's why I use SmartBCH DEX's. #SmartBCH #BitcoinCash
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You're right. There are lot of centralized exchange platforn have already hacked.
Same my BCH isn't on exchange just a little bit for use purpose Btw, is their any possibility of wallet like bitcoin.com getting hacked too.?
Very low, but it is possible. If someone hacks your smartphone, for example with Pegasus, then it is possible because they then completely control your smartphone. https://en.m.wikipedia.org/wiki/Pegasus_(spyware)
Thank you very much dear friend @Telesfor ❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️ Love you Brother @Telesfor ❤️❤️❤️❤️❤️❤️
That's fine, I hope your money stays safe
I hope yours does too. I hope you don't use centralised exchanges either.
👍👍👍👍🌹🌹🌹🌹🌹
Very smart! What I am trying to do is figure out how to buy crypto without using centralized exchanges. They are under the government regulators' thumbs.
https://localcryptos.com/Bitcoin_Cash/Buy
That site looks excellent! Thanks! Have you personally used it? I use TransferWise, (now called Wise.com), to transfer money from the USA to here in the Philippines.
No, I have not used the website yet. I don't exchange my BCH for fiat. I use it to buy.
Yep, HODLing is the way to go.
But I sometimes exchange something in flexUSD