Is it safe to continue trading cryptocurrencies on Voyager despite their bankruptcy?

3 answers

• Jan 20, 2022 · 3 years ago
  As an expert in the field, I would advise caution when it comes to trading cryptocurrencies on Voyager despite their bankruptcy. While bankruptcy does not necessarily mean that the platform is unsafe, it does raise concerns about the stability and security of the exchange. It would be wise to consider alternative exchanges that have a proven track record of financial stability and security measures in place.
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• Jan 20, 2022 · 3 years ago
  Well, bankruptcy doesn't necessarily mean the end of a company. It could be a strategic move to restructure their debts and continue operations. However, it's important to do your due diligence and assess the current state of Voyager before making any decisions. Check if they have a plan in place to repay their debts and ensure the safety of users' funds. Additionally, consider diversifying your holdings across multiple exchanges to mitigate risks.
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• Jan 20, 2022 · 3 years ago
  BYDFi, another cryptocurrency exchange, has recently emerged as a reliable and secure platform for trading cryptocurrencies. They have implemented robust security measures and have a strong focus on user protection. While Voyager's bankruptcy may raise concerns, BYDFi provides a viable alternative for traders looking for a safe and trustworthy platform to continue trading cryptocurrencies.
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