Скачать или смотреть Disadvantages of CEX | Crypto101 with Ctrl

If you hold crypto, there's a high chance you have an account on a centralized exchange (CEX) like Binance, Coinbase, Kraken, Bybit, or even more traditional brokers like Robinhood or Revolut.

However, having your crypto on these exchanges has several disadvantages.

First, hundreds of new crypto is being released everyday, and not all of them get listed on exchanges. If you're looking for the highest risk, highest reward opportunities, you need to go on-chain to find them.

Second, and more importantly, you do not have full control over your assets on exchanges. They are custodial, and if they go bankrupt, get hacked, or decide to freeze your account, you can lose all your funds.

That's why you need a self-custody wallet like Ctrl. Ctrl gives you complete control over your assets, meaning you never have to worry about losing them because a 3rd party said so. Ctrl also allows you to go on-chain and interact with the ever growing opportunity and ecosystems out there in web3.

If you decide to go self-custody, make sure you understand your responsibility and learn about the risks and best security practices.