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while kraken is one of the more reputable cex, at least from what ogs say, not your keys not your coins the point of crypto is the ability to self custody with
by hi5eyes 4y ago
while kraken is one of the more reputable cex, at least from what ogs say, not your keys not your coins
the point of crypto is the ability to self custody without intermediary and verify funds are sound on-chain
non-custodial defi solves many of these issues
- smeej 4y agoNoncustodial defi will solve this, but defi contracts have so far often been light on auditing and heavy on compromise risk. I look forward to the day defi fixes this, but right now, and especially with the difficulty of fiat on-ramps to defi, I think the balance comes down in favor of trading on a reliable CEX and never holding funds on an exchange that you aren't actively trading.