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Topic: The reason why you need to store your money in your hands! - page 6. (Read 918 times)

legendary
Activity: 3080
Merit: 1353
Or put your coins to a wallet where you have total control of the private keys.

If you allow yourself to leave or store you coins in an exchanges, changes are you're going to lost it one way or another. Maybe your account being hack, or the exchanges itself being breach by cyber criminals, or worst your account being frozen for suspicion. It doesn't matter if it's Binance, as long as it is a centralised exchanges wherein you don't have the private keys, it is not safe.
legendary
Activity: 3038
Merit: 1166
Leading Crypto Sports Betting & Casino Platform
It is reported that exchanges began to freeze accounts for having been on the accounts of a "dirty" Bitcoin. Moreover, we are talking about Binance and about the Bitcoin, which was there 5 months ago. Sad Thus, exchanges can freeze any amount of funds in order to cover cash gaps simply by tinkering with their user's transaction history. If suddenly a user once bought from someone a “dirty” BTC on OTC, send it on the exchange and then conducted operations with other BTC there for a long time, then at one moment he can get a ban and the exchange can don't give him money as much time Exchange wants.  Embarrassed I think it can affect everyone. so I share this info with you guys because I recommend you hold your money ONLY in your own wallets! so be careful and Happy New Year!

Thing is, could you eve prove that you are not the hacker who stole the money in the first place, i mean if you were the hacker, wouldn't you say you bought it OTC. This is the main reason i don't buy OTC, i don't want to suddenly be tied up in terrorism or something illegal.
hero member
Activity: 1470
Merit: 509
Many of the BTCs in the market have already been traded for illegal purposes many years ago and these BTCs were traded in Binance as well as other normal exchanges. Consdering that there was no such rule last year, can I not sell BTC I bought last year because of the new year's rule? If I was not able to sell, why was it offering such support last year? Or will Binance produce a new BTC in return? this rule is just bullshit.
copper member
Activity: 714
Merit: 5
I have heard of a number of cases where Binance froze their accounts, they reported that money was investigated by a police in a certain country, These cases can not get money back, because users are difficult to prove the source of money. their.
hero member
Activity: 1260
Merit: 505
Age Of Mars | GameFI Virtual colonization of Mars
It is reported that exchanges began to freeze accounts for having been on the accounts of a "dirty" Bitcoin. Moreover, we are talking about Binance and about the Bitcoin, which was there 5 months ago. Sad Thus, exchanges can freeze any amount of funds in order to cover cash gaps simply by tinkering with their user's transaction history. If suddenly a user once bought from someone a “dirty” BTC on OTC, send it on the exchange and then conducted operations with other BTC there for a long time, then at one moment he can get a ban and the exchange can don't give him money as much time Exchange wants.  Embarrassed I think it can affect everyone. so I share this info with you guys because I recommend you hold your money ONLY in your own wallets! so be careful and Happy New Year!
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