You are viewing a single comment's thread from:
RE: Steemit Crypto Academy Contest / S1W2 – Reviewing Centralized Exchanges by @deben
Hi @deben,
You have done well by joining the Steemit Engagement Challenge.I know you did enough research to make such a great content.Centralized Exchanges has a KYC that almost eliminates the anonymity of the user from the platform.Conversion of crypto to fiat is easier through centralized exchanges.My only worry is that they have users private keys.
Goodluck in the contest!!
Yes thanks @samuel20 for having sharing with me in my blog. That of private key which is owned by the central authority need to be changed. Because it might be easy to steal the private key and all funds will also be loose.