With BitMEX, OKex, Kucoin, and Huobi all seeming to have shit going down with regulators, hacks, etc. It seems like this will continue. Regulators are starting the purge and forcing this industry to become legit.These exchanges have NO problem freezing your funds for months and worst case you could lose them. Do you really think these exchanges have your best interests in mind? Fuck no, they want to look out for themselves.Withdrawing your coins is GOOD for YOUR coin's price. We have no proof the exchanges don't run on fractional reserves (remember QuadrigaCX?). Getting your coins off the exchange means less market manipulation, is healthier for coin price, and gives you peace of mind.Want crypto to see more mainstream adoption and your coin's price to go up? Want to see a Bitcoin ETF? Do your part and remove your coins from the exchanges.
Submitted November 05, 2020 at 04:06AM
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