A reminder to withdraw your #Dogecoin from crypto exchanges, shibes - a good way to end the year.
Take the time to learn to use a non-custodial wallet, make tests with small amounts, create backups, then withdraw.
Your crypto is not safe on any exchange.
1/n
Take the time to learn to use a non-custodial wallet, make tests with small amounts, create backups, then withdraw.
Your crypto is not safe on any exchange.
1/n
What we saw happening during the past year is just a confirmation of what we already knew.
Remember, #Dogecoin: exchanges are businesses, and they are not bound to act in your best interests.
Their focus: attract as many customers and hold onto their liquidity.
2/n
Remember, #Dogecoin: exchanges are businesses, and they are not bound to act in your best interests.
Their focus: attract as many customers and hold onto their liquidity.
2/n
Many of us wrote dozens of threads warning users against holding their crypto on exchanges like Voyager, FTX, Gemini, Binance, Coinbase - these threads were never that popular, and many users of these exchanges acted as staunch defenders of their platform choice.
3/n
3/n
The business model of all exchanges involves obscurity - lack of transparency is perfectly intentional.
It has allowed them to thrive and hide the risk their customers are exposed to. Sometimes risk is hidden, other times written in terms of services nobody reads.
4/n
It has allowed them to thrive and hide the risk their customers are exposed to. Sometimes risk is hidden, other times written in terms of services nobody reads.
4/n
Remember #Dogecoin. You are a gateway to crypto for many.
If crypto wants to survive, everybody advocating for it will need to fight this tendency for obscurity and warn newbies about it.
Always fight for transparency, always ask questions, help highlighting risk.
5/5
If crypto wants to survive, everybody advocating for it will need to fight this tendency for obscurity and warn newbies about it.
Always fight for transparency, always ask questions, help highlighting risk.
5/5
Notes:
- Beautiful art opening this thread by the fabulous @italia_dogecoin (
- Read this thread to know more about #wallets:
- This about #backups:
- Beautiful art opening this thread by the fabulous @italia_dogecoin (
https://twitter.com/italia_dogecoin/status/1587368999486201856?s=20&t=saPQws246mvLOWYh_DlNXw)
- Read this thread to know more about #wallets:
https://twitter.com/mishaboar/status/1495465785929650181?s=20&t=saPQws246mvLOWYh_DlNXw
- This about #backups:
https://twitter.com/mishaboar/status/1469003649150078981?s=20&t=saPQws246mvLOWYh_DlNXw
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