Apart from potential hacks, is there any risk to keeping

Question

Apart from potential hacks, is there any risk to keeping

Coti on an exchange? I found out only after I had bought that my nationality is not eligible for Coti wallet. But the price is rising I don't wanna sell. I'm wondering if it's a violation of Coti policy for someone like me to be holding the asset and if I somehow risk losing out if I hold on to it

#coti #cryptocurrency #english

0

23.09.2021

7 ответов

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Q Автор вопроса

Thanks for your response. Let me research these options

0

23.09.2021

Q Автор вопроса

What's the risk with leaving it on the centralised exchange?

0

24.09.2021

Wanderer

The exchange is hacked and they don’t honour your monetary holdings. For the most part I think exchanges are much better at honouring clients if hacked but not always? Out of interest, do you hold native Coti or another (erc20, BEP2, bep20)? Reason I ask is that holders of native Coti can only sell it on KYC’d exchanges or hold it in cotipay wallet. Causing it to be unhackable unless the hacker wants to reveal themselves!

0

24.09.2021

Q Автор вопроса

Bought on KuCoin. From what I've seen here that's native Coti? Is there any chance I maybe unable to sell it on the same platform I bought it?

0

24.09.2021

Q Автор вопроса

Thanks man

0

24.09.2021

Wanderer

No problem pal

0

24.09.2021

Wanderer · Accepted Answer

Wanderer

I urge you to do so. There are risks associated with all the above options I mentioned. Rune is decentralised and therefore it is only as strong as the smart contract it’s written in. The others require the provision of liquidity and are subject to impermanent loss. It all depends on your comfort zone.

0

24.09.2021

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Apart from potential hacks, is there any risk to keeping

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