Misadventures in Crypto: The Phantom Deposit

Written by BlockchainAuthor | Published 2019/08/15
Tech Story Tags: cryptocurrency | trading | centralized-exchange | public-service-announcement | cautionary-tale | altcoin | latest-tech-stories | phantom-deposits

TLDR A misplaced zero on an exchange can mean practically giving your funds away to a lucky trader. Most products and services are too complicated for the average consumer to understand. If we want the masses to join our financial revolution, it’s best if we don’t scare them away. A recent interaction with a centralized exchange exemplifies the kind of behavior that persuades newcomers to believe the rumors fed by mainstream media. Except for rare occasions, most coins and tokens exist on more than one exchange.via the TL;DR App

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Written by BlockchainAuthor | Writing for the love of disruptive technologies
Published by HackerNoon on 2019/08/15