AskLeo: Do You Use CeFi?

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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



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7 comments
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I’ve never heard of cefi. Do you have links to more info?

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Problem with Ce-Fi is they ask our personal details which I don't trust upon them

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