Ray Youssef, CEO of P2P Bitcoin trading platform Paxful, has said users should choose the self-storage of BTC instead of centralized exchanges.
He has written:
“As CEO of Paxful, I am in charge of Bitcoin for more than 11 million people. I am very proud to protect our community funds and, unlike others in the industry, have never touched our clients’ money.”
He has encouraged users to self-storage. According to him, only assets for trading should be kept on exchanges. He has explained:
“Why? For far too long people have trusted others to hold money, but as we saw with banks in 2008 and recently with FTX, you become dependent on these custodians and their morals.”
