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Who do you trust more; kraken, Binance or Coinbase?

 
Who do you trust more; kraken, Binance or Coinbase?
Exchanges / Breaking News

Quick take

1 minute read

  • Twitter polls are a good way to get an insight into people's mindsets within the industry. 
  • Of course, Twitter polls aren’t limited to just cryptocurrency but for the sake of this article, we’re going to look at a poll on Twitter that indicated people trust the Kraken platform the most when it comes to keeping their crypto and assets safe from malicious individuals.

Twitter polls are a good way to get an insight into people's mindsets within the industry. Of course, Twitter polls aren’t limited to just cryptocurrency but for the sake of this article, we’re going to look at a poll on Twitter that indicated people trust the Kraken platform the most when it comes to keeping their crypto and assets safe from malicious individuals.

The poll on Twitter included options for Kraken, Binance & Coinbase as well as a few other platforms with most people saying that they would trust the former over any other exchange out there.

Just over 3500 people got involved in the Twitter poll with over 30% of people choosing the Kraken platform.

Over the years, there have been many platforms within the industry that have fallen victim to malicious individuals who have stolen peoples well-earned cryptocurrency for their own means. Millions of dollars worth of funds have been lost and are often not recoverable.

Many people believe that you should hold your assets in your own wallets rather than trusting an exchange to do it for you. This is understandable but this is by no means financial advice and it is important to do your own research before putting money into a cryptocurrency and in this case, where to store them.

Interestingly though, Coinbase is considered to be the safest platform in the world when it comes to crypto. Ever since it was created in 2011 though, Kraken has not been hacked once which is more than likely the reason as to why people put their faith and vote into them over Coinbase or Binance.

For more news on this and other crypto updates, keep it with CryptoDaily!

© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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