Exchanges are centralized crypto banks, but even worse


New member
All crypto Exchanges are cryptobanks, but worse than that! Trust in those centralized cryptobanks by noobs and those who don't have the technical knowledge to control their own keys enable all sorts of manipulation, price suppression, fractional reserve, naked shorting.

It's well documented in the Monero community for at least 2 years. Almost all exchanges reputable and well know or not, regulated or not are playing their games. Not knowing about this outs you as a rather naive investor, if you self-identify as such.
Unfortunately, this is a reality that is far from changing. A few years ago some DEX started to appear but suddenly they were sabotaged. The important thing is for each one to trade on any exchange and withdraw their coins.