AskLeo: Do You Use CeFi?
CeFi is a hot topic in the world of crypto. Some people love CeFi, others hate it. For many, CeFi is just a necessary evil. A lot of user use these companies as a "crypto on-ramp," just to later transfer it to a decentralized solution. We all have heard the adage, "not your keys, not your crypto!"
Even though, I recognize the risks, I do dabble in Centralized Finance! Not much, just a bit! I love the interest payments, and I honestly don't believe it's too risky- if you're smart about it, and don't keep too much in your accounts!
The big CeFi firms usually have pretty robust security protocols, and a proven track records!
So, my question is: Do you use CeFi? Why or why not? Are you comfortable using them?
Engage with this post to get some sweet crypto rewards!
Thanks for stopping by!
Posted Using LeoFinance Beta
I’ve never heard of cefi. Do you have links to more info?
Nexo.
Posted Using LeoFinance Beta
Does it require KYC ?
Of course. It's cefi.
sed
Problem with Ce-Fi is they ask our personal details which I don't trust upon them
Yay! 🤗
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