My opinion is fully different from you. Because any custodial wallet can't be a safe place for any cryptocurrency. Because "not your keys not your coins" is the truth in crypto. I think there are many safe crypto online wallets like exodus are much safer than Binance or any other Crypto Exchange.
We should move our principal assets in a safe wallet and that may be a Hardware wallet also.
Topic: Exchangers Are safer then Banks and wallets (Read 530 times)
Exchangers like binance Are safer then banks and walllets.
Becouse If something happens they always refund losses.
Binance have done this many times and i know there someone to watch over my wealth.
Private wallets they can be hacked but nobody dont refund.
We live of generation of refund, in crypto main thing Are refund what i did learn about.
Binance managed to refund the lost funds due to hacks a couple of times but it doesn't mean that they can be able to refund loss everytime and to realize simply use your common sense, how can an exchange return fundd to user when they lost all their money due to hacks. And Binance is the only exception because all other exchange which got hacked never returned any money in my knowledge so be your own bank instead of choosing someone to trust with your funds. Becouse If something happens they always refund losses.
Binance have done this many times and i know there someone to watch over my wealth.
Private wallets they can be hacked but nobody dont refund.
We live of generation of refund, in crypto main thing Are refund what i did learn about.
Exchangers like binance Are safer then banks and walllets.
Becouse If something happens they always refund losses.
Binance have done this many times and i know there someone to watch over my wealth.
Private wallets they can be hacked but nobody dont refund.
We live of generation of refund, in crypto main thing Are refund what i did learn about.
I know there are some exchanges that is very strong and it will take a lots of efforts for it to be hacked again. We know that Binance had been hacked before so they would have learnt from their mistakes and taken drastic actions to make their exchange strong mer than the way it was before.Becouse If something happens they always refund losses.
Binance have done this many times and i know there someone to watch over my wealth.
Private wallets they can be hacked but nobody dont refund.
We live of generation of refund, in crypto main thing Are refund what i did learn about.
Just because some exchanges had been having some problems making them to crash out does not mean that every other exchanges will crash too. What we should be more conscious about is is leaving our funds on exchanges with having other plans in case anything happens the exchange. Keeping coins in wallet that you have control over is better than leaving the funds in exchanges which could lead to big loses if hacked.
You are so wrong and preaching the exact opposite of what people are trying to preach. No, exchange wallets aren't safe. Binance isn't safe either. Read the news and you will see that the CEO of binance himself is encouraging people to keep their funds in their own wallet. Not to store it in an exchange. No matter how much safe the exchange says they are, they aren't safe enough to fully protect your funds and take complete responsibility in time of disaster. The same people like you thought it was safe to keep their funds in the exchange and ended up losing everything they had!
Exchangers like binance Are safer then banks and walllets.
Becouse If something happens they always refund losses.
You think exchanges are safe because they always refund losses incase something happened? Don't be too confident. Don't wait to experience the worse before you realize your mistake for having such belief. The best is to store your coins in a wallet that you have full control since you're holding the private keys. That will give you assurance that your assets are safe. Becouse If something happens they always refund losses.
Exchangers like binance Are safer then banks and walllets.
Becouse If something happens they always refund losses.
You think exchanges are safe because they always refund losses incase something happened? Don't be too confident. Don't wait to experience the worse before you realize your mistake for having such belief. The best is to store your coins in a wallet that you have full control since you're holding the private keys. That will give you assurance that your assets are safe. Becouse If something happens they always refund losses.
He might realize it too late, exchange would seem safer now but wait until they go bankrupt and are not able to pay you then you'll realized what a horrible mistakes on your path for trusting exchange platforms. Cryptocurency is an unregulated market and people can go away with doing horrible things. Nobody will be held responsible if they can make the crime not look like it was their fault.
We have seen countless of times when projects run away with investors funds yet nothing was done about such situations instead they were just speculation of arrest of the CEO but soon or later the whole issue dies down and things continue like nothing ever happened.
If you want to be guarantee of the safety of your coins then be incharge of them yourself instead of trusting a third party to safeguarded your investment for you. Centralized platforms are the worst places to safeguard your investment whicyyan exchange is a popular example.
Exchangers like binance Are safer then banks and walllets.
Becouse If something happens they always refund losses.
You think exchanges are safe because they always refund losses incase something happened? Don't be too confident. Don't wait to experience the worse before you realize your mistake for having such belief. The best is to store your coins in a wallet that you have full control since you're holding the private keys. That will give you assurance that your assets are safe. Becouse If something happens they always refund losses.
Exchangers like binance Are safer then banks and walllets.
Becouse If something happens they always refund losses.
Binance have done this many times and i know there someone to watch over my wealth.
Private wallets they can be hacked but nobody dont refund.
We live of generation of refund, in crypto main thing Are refund what i did learn about.
Becouse If something happens they always refund losses.
Binance have done this many times and i know there someone to watch over my wealth.
Private wallets they can be hacked but nobody dont refund.
We live of generation of refund, in crypto main thing Are refund what i did learn about.
Yes ,its right!I agree with you, I have in mind one service for storing cryptocurrency - very safe, but I totally agree with you about Binance
Exchangers like binance Are safer then banks and walllets.
Becouse If something happens they always refund losses.
Binance have done this many times and i know there someone to watch over my wealth.
Private wallets they can be hacked but nobody dont refund.
We live of generation of refund, in crypto main thing Are refund what i did learn about.
Try to look around and try to realize on what you are saying on here on which it could never be safe once you do deal up with exchangers.Lets say that Binance might had able to make out such compensationBecouse If something happens they always refund losses.
Binance have done this many times and i know there someone to watch over my wealth.
Private wallets they can be hacked but nobody dont refund.
We live of generation of refund, in crypto main thing Are refund what i did learn about.
but you wouldnt know if they would really be doing that if ever they would be hacked again.You cant really be that so sure when it comes to risk because everything could really happen.
Banks might be shit but you cant see too often for a bank to be bankrupt, this is why its better to change off this kind of mindset because its never been right imho.
Not any exchange 100% safe for saving your fund include with most trusted exchange right now Binance, I believe if check some feedback from many Binance user with their fund freeze and faced difficult when withdrawing fund above $10,000 you will believe with not any exchange can securing than the bank.
I don't fully believe with the bank and exchange for saving assets but most prefer use hardware wallet for saving my fund, I won't give negative feedback with Binance exchange as said by OP most trusted exchange, just not found with how faced difficult when withdrawing fund at Binance with higher amount above $10,000.
I don't fully believe with the bank and exchange for saving assets but most prefer use hardware wallet for saving my fund, I won't give negative feedback with Binance exchange as said by OP most trusted exchange, just not found with how faced difficult when withdrawing fund at Binance with higher amount above $10,000.
Exchangers like binance Are safer then banks and walllets.
Seriously?Well, this may be your own opinion, but this is not as simple as you said.
In exchange, we seem like not owning our assets because we don't have the private keys, we have only password and email for the exchange itself. Additionally, something online will never be safe 100%. There must be any chance of losing by hacking, phishing, banning, and other probabilities. Who will guarantee you that you will be always able to access your account in the exchange? How if your account is banned or frozen and you must do somethig compex to recover?
Exchangers like binance Are safer then banks and walllets.
Seriously?Well, this may be your own opinion, but this is not as simple as you said.
In exchange, we seem like not owning our assets because we don't have the private keys, we have only password and email for the exchange itself. Additionally, something online will never be safe 100%. There must be any chance of losing by hacking, phishing, banning, and other probabilities. Who will guarantee you that you will be always able to access your account in the exchange? How if your account is banned or frozen and you must do somethig compex to recover?
Exchangers like binance Are safer then banks and walllets.
If you live in a developed country with clear banking laws, I actually think that keeping money at bank account is much safer than storing assets on an exchange, maybe the situation can be different when you live in a country with economic problems like Lebanon where citizens cannot withdraw money from the bank or can be said to be limited monthly https://www.aljazeera.com/news/2022/10/4/depositors-storm-three-lebanese-banks-over-withdrawal-limitsStoring asset in exchange may look safe because is not hacked but the value of your coin could drop significantly or even if it is an altcoin it will not valuable, even saving in an noncustodial wallet is safer than the exchange itself there is enough to store your private key in a safe place.
Exchangers like binance Are safer then banks and walllets.
Becouse If something happens they always refund losses.
Binance have done this many times and i know there someone to watch over my wealth.
Private wallets they can be hacked but nobody dont refund.
We live of generation of refund, in crypto main thing Are refund what i did learn about.
Becouse If something happens they always refund losses.
Binance have done this many times and i know there someone to watch over my wealth.
Private wallets they can be hacked but nobody dont refund.
We live of generation of refund, in crypto main thing Are refund what i did learn about.
Disagree 101%!!!
As long it’s not your keys, not your coins, your funds are not safe and can be subjected to either get freezed, declined transfers, trades, deposits, withdrawals, etc. You do not have full control once you have coins and tokens stored in your exchange as it is operated by a central authority.
So ain’t safe for me when we store our money there like what happened to FTX right now. Not even Binance is exempted from it despite that they’re the juggernaut.
Exchangers like binance Are safer then banks and walllets.
Becouse If something happens they always refund losses.
Binance have done this many times and i know there someone to watch over my wealth.
Private wallets they can be hacked but nobody dont refund.
We live of generation of refund, in crypto main thing Are refund what i did learn about.
Becouse If something happens they always refund losses.
Binance have done this many times and i know there someone to watch over my wealth.
Private wallets they can be hacked but nobody dont refund.
We live of generation of refund, in crypto main thing Are refund what i did learn about.
You didn't heard about bank insurance? If not read this maybe it will change your thoughts about what you are saying here.
Try to read below.
Banking Insurance
Exchange doesn't guarantee you a refund to many exchange has been hacked before and even now. See also how FTX currently goes at the moment since this creates huge problem to their users and there's no clear sign if they user will get a refund on their money left there. So if you think you can trust more the exchange than the bank I think you have a serious problem on your beliefs.
Exchangers like binance Are safer then banks and walllets.
Becouse If something happens they always refund losses.
Binance have done this many times and i know there someone to watch over my wealth.
Private wallets they can be hacked but nobody dont refund.
We live of generation of refund, in crypto main thing Are refund what i did learn about.
It's so funny reading what @OP wrote because what if Binance was to be a scam? Who will recover the loss? We will never know about this and can only mourn this sadness without knowing how to get all our assets.Becouse If something happens they always refund losses.
Binance have done this many times and i know there someone to watch over my wealth.
Private wallets they can be hacked but nobody dont refund.
We live of generation of refund, in crypto main thing Are refund what i did learn about.
The safest, of course, is to store your assets in your personal wallet because you are in full control of all your assets and security is your full responsibility. If you know how to guard your private wallet, you don't have to worry about being hacked because you can make sure your assets are safe. There is no guarantee we will get a refund if we keep assets on an exchange because exchanges cannot be 100% safe either.
Exchangers like binance Are safer then banks and walllets.
A centralized exchange like Binance can never be considered safer than a bank just because they have refunded several users in the past after a hack... Btw you know what the say, " not your keys, not your coins" if binance chose to say they don't have the capacity to pay back if they were to be hacked you would take them nowhere but with banks they take the blame and will give back the money unless it's the users error that they lost money through phishing etc.Becouse If something happens they always refund losses.
Don't take their word for it! If these guys claim to refund for any account compromise why aren't the other exchanges using the same formula to guarantee users funds 
If you ask me its all word play trying to win customers, it's part of marketing! 
Exchangers are safe nowadays, especially Binance, we saw how they handled some hacks in the past. And banks are safe as well... after all, we trust them enough to hold funds there, to "lock" our funds for the interest we can receive by saving/staking/farming features.
But it's not like we should keep everything in the exchange or the bank, "don't put all your eggs in one basket" is an old saying. Something can happen and we can't stay without access to our funds, for all sorts of reasons. It's like that when a "third party" has control in their hands, and not you!
Exchanges and bank wallet are both safe to store our money but exchanges are preferable more than wallet because it's more safer and doesn't require the third party that would be deducting their charge from one's money. Exchange deduct absolutely zero charge, only when you want to withdraw your assets, that's only the way they will deduct charge which sometimes is not even up a dollar price. I have done countless times with TRC20 USDT address and their charge are better cheap compared to what the bank are embezzling from our account on a daily transfer. But it's not like we should keep everything in the exchange or the bank, "don't put all your eggs in one basket" is an old saying. Something can happen and we can't stay without access to our funds, for all sorts of reasons. It's like that when a "third party" has control in their hands, and not you!
Exchangers are safe nowadays, especially Binance, we saw how they handled some hacks in the past. And banks are safe as well... after all, we trust them enough to hold funds there, to "lock" our funds for the interest we can receive by saving/staking/farming features.
But it's not like we should keep everything in the exchange or the bank, "don't put all your eggs in one basket" is an old saying. Something can happen and we can't stay without access to our funds, for all sorts of reasons. It's like that when a "third party" has control in their hands, and not you!
Exchanges are one of the best method to save our money in crypto assets inother to prevent any loss of money or hacks from internet fraudsters. Binance been the safest exchange in the world presently have numerous countless numbers of those saving assets with their top exchange and they're doing their best to provide decoded securities for their users. Saving our money in bank is also saved but some people have become uncomfortable with the idea and they took a step to advance more in the system.But it's not like we should keep everything in the exchange or the bank, "don't put all your eggs in one basket" is an old saying. Something can happen and we can't stay without access to our funds, for all sorts of reasons. It's like that when a "third party" has control in their hands, and not you!
Exchangers are safe nowadays, especially Binance, we saw how they handled some hacks in the past. And banks are safe as well... after all, we trust them enough to hold funds there, to "lock" our funds for the interest we can receive by saving/staking/farming features.
But it's not like we should keep everything in the exchange or the bank, "don't put all your eggs in one basket" is an old saying. Something can happen and we can't stay without access to our funds, for all sorts of reasons. It's like that when a "third party" has control in their hands, and not you!
But it's not like we should keep everything in the exchange or the bank, "don't put all your eggs in one basket" is an old saying. Something can happen and we can't stay without access to our funds, for all sorts of reasons. It's like that when a "third party" has control in their hands, and not you!
I agree with what you think.
I'm more comfortable with simple thoughts, exchangers to trade assets and wallets to store assets.
Even though I did save some of my funds on the exchange but not all of them. I'm more comfortable keeping my assets and sharing them across multiple wallets.
I agree not to keep assets in one place. I think that's a good and wise thing because it reduces the risk of losing all the assets we have.
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