If you are a BSVer, let this be a call to arms: DO NOT KEEP…
If you are a BSVer, let this be a call to arms: DO NOT KEEP YOUR BSV ON EXCHANGES! You are lending them your money for free to do whatever the hell they want with it. This includes effectively increasing BSV's supply.
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Not your private keys / mnemonic - not your coins!
Remember this when “your” coins will be lend to others, mixed to launder someone else’s, stolen or that exchange shuts down.
When I first got into crypto, I've read that numerous times and thought that to be true. That's false.
Per CSW...
"Private keys are mere evidence.
You could be sold a set of addresses. The party does not give you the private keys (this includes an exchange). This is what tracing and recovery and the law of vindication covers."
"If you do not recover the keys, you show where you paid, you show where there is an invoice or contract and you show the public keys owned by the other party if possible."
"If the value is sufficient (a tracing order will cost a lot of money) you can obtain an order that requires miners and exchanges to comply."
What you have legally is an amount of money. They will owe you that amount, but you send to a custodial wallet and you have no assurance your money will not be used for fraud. As such, you have no assurance that will not be seized by authorities.
Sorry Ross, I agree with you. I was responding to the idea and repeated, "not your keys, not your crypto."