#CEX exchanges are convenient—you can quickly buy a token or participate in various rewarded activities. But there’s a hidden drawback: centralization. Your funds are managed by a private individual or company. During a bull market, everything seems fine, and problems can be brushed aside. But in a bear market, not everyone can handle the lack of massive financial flows, and it becomes clear who has actual reserves and who’s bought a new villa or yacht (looking at you, #FTX ). A recent example is the theft of $ETH worth $1.5 billion from #Bybit .
Yes, the exchange managed to handle it, buying back #Ethereum to ensure normal operations, proving they have sufficient reserves and can deal with challenges. But who can guarantee that a similar situation won’t lead to a collapse in the future? That’s why I use CEX for quick trades and speculation, but for long-term solutions, like storing crypto, I rely on non-custodial wallets or even hardware ones. For token swaps on the #TON network, I use STON.fi because I trust its reliability. Tools like staking and liquidity pools, also available on STON.fi, allow you to not just hold crypto but earn passive income from it.
