Indian Cryptocurrency Exchanges Response To Proof Of Keys Event
A few Indian cryptocurrency exchange owners and their representatives have responded to requests on Twitter if user funds are safe on their exchanges. If you are using these exchanges you can feel safe about your cryptocurrencies.
However, as a precaution please hold your crypto in a safe wallet of your choice.
The first to respond was Coin Delta on their twitter thread here
WazirX Ceo also responded here.
Representative for Bitbns responded here
Pocketbits CEO responded with the following statement from this company in his tweet here
Please take care of your cryptocurrency holdings as we are responsible for our funds and no one else will ever be!
Have a great weekend everyone!
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Thanks for the update sir 👍
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These exchanges have been operating in the dark for some time now and a lot of them aren’t by the book I can assure you that!
Any blockchain site that does transactions server side has the ability to abuse the funds! They should all be using some sort of private side chain and still give users access to keys if not then DEX is the way to go
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Thanks again sir for updates.
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If We compare to others larger volume exchanges im the world like, Hitbtc, OkeX, Binance, Indian exchanges have less volume of tradings as well as Indian exchanges have much less traders.
But Indian exchanges are safer for keeping/holding/trading and they have high level of security. It's good for Indian User.
Personally I have great experience with BITbns and it it safer than other exchanges..
Thanks to all crypto exchanges who had responded and had given assurances to the traders about the security of their crypto assets on the request.It's a wave money so stable and secure holdings is essential for sustainable development crypto community.Thanks for the great updates dear.We were talking about you just a few time before as my cousin sister and her husband had come to my house today.Do you remember them whom did you meet in Tezpur Assam.
What is your opinion about Koinex?
@firepower, This is important and good to see that Representatives of these exchanges came forward and assuring people. But yes, we have to take the responsibility and at the end of the day we are the safe keepers of our funds. Stay blessed brother. 🙂
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But who knows when the hackers will hack it? Merely saying funds are safe not assures anything.
India is on the move...check this blog that I just uploaded, and while there check my other political blogs.
https://steemit.com/financialtimes/@ajain/ft-rebuttal-part-1-assessing-how-modinomics-has-reached-the-poor
We at swapsteem Respect the proof of keys movement and use the inbuilt Steem escrow feature where NO funds are deposited to our wallet in p2p trades.
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