Topic: 48168.60,Binance is the most dangerous exchange. (Read 81 times)
I'm using Binance since it was launch in 2017 and so far I have never encountered any problems while using it. that's why I never understand why Binance has become the most dangerous exchange? I believe it's only a FUD, but to be fair let us wait for the investigation results, I'm sure it was done by some independent body, the Binance, market manipulation accusation is very hard to believe because who will be in their right mind to buy Bitcoin at that expensive price of $48168.60 and sell it low, for me that was stupid and weird why just burning millions for what?
Honestly binance is the best exchange on my list and yes it's a centralised exchange but my advice is never leave your coins on the exchanges and you will be fine, sell and withdraw instantly to be on safer side, I would like to ask the audience this question, is there anything crypto related that's not manipulated? Wake up fellas
Do you worry that your assets on centralized exchanges will suddenly disappear?
It is always a possibility. Once upon a time btc-e was the king of all exchanges and they are not here anymore. Lots of people lost their funds too. I don't even need to mention mt.Gox as everybody knows its story.
Binance is having a few investigations from the developed countries lately and it is kind of ringing the alarm bells.
Are you saying that Binance so far is on stage of danger now? Isn't this is just a FUD, to turn down the binance exchange?
I am depending this platform but most of the coin listed to this exchange are good in my own perceptions actually.
But I am not holding a large amount in any of the platform too. I am just leaving a small fund in it, that's it.
Do you worry that your assets on centralized exchanges will suddenly disappear?
It is important to take note that most centralized exchanges are not safe from hacking and that's why if you're going to put that on Binance. Even if it is the most known exchange and one of the reputable exchanges that we have. You only sleep some assets there that you afford to lose or much better if you can't resist storing some funds there, you're only going to put a little amount that you afford to lose because you're aware that it's not safe even it is Binance which is very well known for its service and popularity. 
Do you worry that your assets on centralized exchanges will suddenly disappear?
Do you worry that your assets on centralized exchanges will suddenly disappear?
It is always a possibility. Once upon a time btc-e was the king of all exchanges and they are not here anymore. Lots of people lost their funds too. I don't even need to mention mt.Gox as everybody knows its story.
Binance is having a few investigations from the developed countries lately and it is kind of ringing the alarm bells.
Are you saying that Binance so far is on stage of danger now? Isn't this is just a FUD, to turn down the binance exchange?
I am depending this platform but most of the coin listed to this exchange are good in my own perceptions actually.
But I am not holding a large amount in any of the platform too. I am just leaving a small fund in it, that's it.
I am not saying that. I am saying that if binance was in danger right now, you wouldn't know about it. (At least CZ wouldn't tell you) But there are some signs. Haven't they gotten 2 major investigations from 2 major countries lately? I forgot the names of the countries (England and USA?) but that happened If my memory serves me right.
Not just US and UK: Binance CEO says he’s willing to step down as world’s biggest crypto exchange welcomes regulation.
Quote
In the U.K., the Financial Conduct Authority banned Binance’s British unit from undertaking any regulated activity. Binance was one of many crypto firms that withdrew their applications to the U.K.’s temporary licensing regime due to failing to meet anti-money laundering requirements, the FCA said.
Regulators in Japan, Canada and Italy have also clamped down on the firm, warning it is not authorized to operate in the countries.
Regulators in Japan, Canada and Italy have also clamped down on the firm, warning it is not authorized to operate in the countries.
And as the title of the article, he is willing to step down, but it doesn't mean that he is not guilty though of such manipulations. So behind our backs, there could be a lot of things going on and for sure CZ at the head knows about it.
Do you worry that your assets on centralized exchanges will suddenly disappear?
It is always a possibility. Once upon a time btc-e was the king of all exchanges and they are not here anymore. Lots of people lost their funds too. I don't even need to mention mt.Gox as everybody knows its story.
Binance is having a few investigations from the developed countries lately and it is kind of ringing the alarm bells.
Are you saying that Binance so far is on stage of danger now? Isn't this is just a FUD, to turn down the binance exchange?
I am depending this platform but most of the coin listed to this exchange are good in my own perceptions actually.
But I am not holding a large amount in any of the platform too. I am just leaving a small fund in it, that's it.
I am not saying that. I am saying that if binance was in danger right now, you wouldn't know about it. (At least CZ wouldn't tell you) But there are some signs. Haven't they gotten 2 major investigations from 2 major countries lately? I forgot the names of the countries (England and USA?) but that happened If my memory serves me right.
The ceo of Binance exchange is being over smart he thinks the whole cryptocurrency market depends on his exchange which is not true at all as we know he is printing lot of money everyday by making lot of people fool in the name of futures trading so he thinks he can manipulate the price of BTC anytime so that's why it would happened although it's all going to leave negative impact on the exchange.
CZ is just the face of that exchange. He is only reading and playing his script. We don't really know what is happening behind the curtains.
Do you think he would warn us if something was very wrong there? No. He would tell us that everything is under control even if it wasn't.
Hard to say at this point as who are people or entities behind this so called spike in Binance. To be honest, I didn't see it and for those who witnessed it perhaps they made a ton of money buy selling it instantly as this spot price.
And as far as I know, Binance has been investigated or under investigation, we don't know what's going on behind all of this, but I'm sure they are going to deny that they are involved, (the usual excuse). But I will say that they are getting extremely powerful, specially CZ.
And as far as I know, Binance has been investigated or under investigation, we don't know what's going on behind all of this, but I'm sure they are going to deny that they are involved, (the usual excuse). But I will say that they are getting extremely powerful, specially CZ.
The ceo of Binance exchange is being over smart he thinks the whole cryptocurrency market depends on his exchange which is not true at all as we know he is printing lot of money everyday by making lot of people fool in the name of futures trading so he thinks he can manipulate the price of BTC anytime so that's why it would happened although it's all going to leave negative impact on the exchange.
I believe that a price spike up to that figure is due to the hype generated by the rumors of Amazon and Binance being widely used has volumes that can push the price so high.
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Do you worry that your assets on centralized exchanges will suddenly disappear?
Well this is why I don't tend to hold my funds in any sort of exchange unless I am actually and actively trading. I rather pay the fees rather than whole of my funds.Do you worry that your assets on centralized exchanges will suddenly disappear?
mindrust also mentioned already that pretty much the Mt. Gox incident made everyone aware of how much danger their funds could be when held in an exchange.
Do you worry that your assets on centralized exchanges will suddenly disappear?
It is always a possibility. Once upon a time btc-e was the king of all exchanges and they are not here anymore. Lots of people lost their funds too. I don't even need to mention mt.Gox as everybody knows its story.
Binance is having a few investigations from the developed countries lately and it is kind of ringing the alarm bells.
https://twitter.com/bitfinexed/status/1419474262994325508
On July 26, 2021, Bitcoin was instantly pulled to 48168.60 on Binance exchange, far exceeding the spot price at that time. Who manipulated the market. It must be Binance, using data to harvest empty orders.
The United Kingdom, Canada, Singapore, Japan, the Cayman Islands, North America and other regions have issued investigations and inquiries specific to Binance.
Binance is the largest exchange, but it is also the most dangerous exchange.
Do you worry that your assets on centralized exchanges will suddenly disappear?
On July 26, 2021, Bitcoin was instantly pulled to 48168.60 on Binance exchange, far exceeding the spot price at that time. Who manipulated the market. It must be Binance, using data to harvest empty orders.
The United Kingdom, Canada, Singapore, Japan, the Cayman Islands, North America and other regions have issued investigations and inquiries specific to Binance.
Binance is the largest exchange, but it is also the most dangerous exchange.
Do you worry that your assets on centralized exchanges will suddenly disappear?
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