Topic: What will happen to Binance? - page 4. (Read 836 times)
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If you think Binance will end soon and you have balance on your account, you need to move it to another wallets or exchanges so when the time is comes, you are save and continue your trading. It is our responsibility to take care of our funds in any exchanges and not because of we think that the exchange breaking something that we do not know. The best thing you can do is moves all of your funds in any exchanges to private wallet or use hardware wallet so you have full control of your funds.
When binance is gone no more manipulation in crypto space and everything will go back to normal 
perhaps coinbase, kucoin, houbi will now become a better option, all binance haters will look for a new line of attack, there has been too much focus on binance lately that I fear soon something unpleasant will happen, if it ever result to that (I sincerely hope not) I will honestly miss the local bank access and the p2p aspect. But I hope cz and his team are able to mend the fence before things escalate.
perhaps coinbase, kucoin, houbi will now become a better option, all binance haters will look for a new line of attack, there has been too much focus on binance lately that I fear soon something unpleasant will happen, if it ever result to that (I sincerely hope not) I will honestly miss the local bank access and the p2p aspect. But I hope cz and his team are able to mend the fence before things escalate. 
Binance exchange may be having regulatory issues all over the place, but binance is one of the most stable and reliable centralized Cryptocurrency exchange we have at this time. If binance go down, it will be catastrophic for entire Cryptocurrency market. The fall out would be that other Cryptocurrency exchange may collapsed as well.
Why is it that only now-weird-weird-news appears-about Binance, is this something to bet on.
I believe this is pressure from the local government-about Binance, who knows-all governments are currently in a global financial crisis-pandemic-debt is piling up, brain spinning, Binance tax rules the best solution for a deteriorating Economic growth.
Stress Binance-to pay taxes to the country-debt paid off.
I believe this is pressure from the local government-about Binance, who knows-all governments are currently in a global financial crisis-pandemic-debt is piling up, brain spinning, Binance tax rules the best solution for a deteriorating Economic growth.
Stress Binance-to pay taxes to the country-debt paid off.
BSC has had a lot of issues with failed transactions, BSC scan going down, nodes that aren't synched etc. It's a real mess and it only has 21 validators, which I assume the majority of belong to CZ and his friends. Binance is undergoing a barrage of attacks from regulators in multiple countries and that is affecting the price of BNB and scaring people away from BSC to other chains like Polygon, Fantom, and NEAR. I still hold some CAKE, 0xMR, Alpaca, PRV on BSC but I'm not putting any more money on that chain until things settle down. In the meantime I began farming on Spookyswap on Fantom and on Ref Finance on NEAR protocol. Both have rewards that are comparable to farming CAKE.
Although I hate Binance for KYC, they did a good job in keeping up the volume of the exchange we've all made money through this exchange at some point. They were hacked once which they've also spent their own money to give back what is lost to the clients affected.
Binance I think will do all to comply with all the laws to get their feet back. They've built a good reputation for the exchange to become bigger, they can't just give up all because of these few countries choking them.
Banking problems and regulatory issues is one thing but with no headquarter location there is no exchange. period.
What the opening video is about. You cant run a exchange when homeless.
What the opening video is about. You cant run a exchange when homeless.
There are more to the ones you posted, their are other local deposits of funds that were halts by other countries and Nigeria was among that her Central Bank cease deposit of funds by Binance customers.
It's sad that they are all coming after Binance with what they have all grown within a short period of time but I also think they were also expecting it and it hasn't so far affected the growth of its utility tokens, bnb.
The competitive exchange will be happy with what has been going on with the exchange.
It's sad that they are all coming after Binance with what they have all grown within a short period of time but I also think they were also expecting it and it hasn't so far affected the growth of its utility tokens, bnb.
The competitive exchange will be happy with what has been going on with the exchange.
Thanks for this very detailed information OP. I am fan of Binance and its really unfortunate that this exchange experiencing such difficulty. I maybe bias, but I believe this is a small problem for Binance as this major exchange are supported by a lot of entity evem though they got some issue like this.
But to be safe, of course we must moved some of our huge asset on out wallet to be safe. But I believe that an exchange like this wont be same like Mt.Gox as CZ did a lot of good stuff and help the crypto community in such way.
But to be safe, of course we must moved some of our huge asset on out wallet to be safe. But I believe that an exchange like this wont be same like Mt.Gox as CZ did a lot of good stuff and help the crypto community in such way.
Binance will not leave the market, but these issues are indeed big and I’m hoping that Binance already working on this. They are too big to leave the market, they can’t hide as well because we know the team behind Binance. Though this kind of pressure from regulation can trigger them from stopping their operations, I wonder what would be the best solution for this one, I’m still confident with Binance they can survive this.
Absolutely right, though Binance is passing through most difficlt times of its history but it is too big to die and they will for sure survive this crysis. However, they will work to meet with regulation requirement of each country and eventually they will resume all their operations as they used to in the past. Binance has done immense service for crypto industry and massive contribution for its adoption which cant not be undone easily.
I am not aware of these issues and I guess many of us here, there's too much at stake for Binance and for us as well, Binance is the number one exchange in the industry, and the majority of us here are trading there, besides the many products and platforms that they are using, I don't see a community now with Binance out of existence, I hope they can resolve these issues, we still need Binance, there's no good alternative for us.
Thats a good question. Since november i've been slowly migrating my funds to FTX, however, i don't believe it will be that bad.
And also, keep in mind FTX (which imho is the runner up for best exchange) doesn't support all shitcoins like Binance does
FTX? You mean the blockfolio owners? Well you can never tell yet because money is always the reason why many do the unexpected, if FTX becomes as big as binance they will open arms to new projects as well just to get more money And also, keep in mind FTX (which imho is the runner up for best exchange) doesn't support all shitcoins like Binance does
It may not bring any impact in the short term but it will become a big problem in long term. that's why CZ is announcing if he was looking for a new CEO.
He knows that if he will be dealing with bunch of regulations.
FTX? You mean the blockfolio owners? Well you can never tell yet because money is always the reason why many do the unexpected, if FTX becomes as big as binance they will open arms to new projects as well just to get more money
FTX is a good exchange and has also been widely used by everyone according to their respective needs, because in FTX there are also many features that are very helpful and can be very useful for people who like cryptocurrencies in general. 
these countries where regulators are chasing binance are countries where if there were another exchange operating in these countries the result would be worse than binance, by that I mean that the problem is not in binance, the problem is in those regulators that are not they are being softer and are not facilitating the binance. if binance, which is one of the best exchanges, cannot please these countries, then the other exchanges that are below binance would not have a chance to please these countries.
probably binance will no longer be in these countries, that's all they can do
Binance will not leave the market, but these issues are indeed big and I’m hoping that Binance already working on this.
probably binance will no longer be in these countries, that's all they can do
Thank you for this information. And i think everyone nedd to move their coin to their own wallet. Dont put on centralised exchanger. I got scammed by cryptsi years ago. If mtgox 2.0 happen it will make another crypto winter in 2022 and this time will be more hurt then mtgox.
And this will make decentralised exchange use more by retailer.
Wr have completed ethereum and btc dex now.
its be best choice for us , never safe our assets in exchanges wallet it have huge risk if someday our exchange platfrom banned or something else that make us could not do anything with our assets. better do this right now to prevent same case that happen previously.And this will make decentralised exchange use more by retailer.
Wr have completed ethereum and btc dex now.
I don't really think that binance is planning a rugpull i mean they are making billions of profit every year with their exchange so why would they even need to do a rugpull.
Binance will not leave the market, but these issues are indeed big and I’m hoping that Binance already working on this. They are too big to leave the market, they can’t hide as well because we know the team behind Binance. Though this kind of pressure from regulation can trigger them from stopping their operations, I wonder what would be the best solution for this one, I’m still confident with Binance they can survive this.
I'm not seeing a Mt. Gox incident here, it's not comparable as we have a lot of exchanges already. And I doubt that Binance will suddenly disappear. What I don't like though is that they really gain a lot of power since their inception in 2017. And maybe that's what they are now in the hot seat with a lot of investigations from different crypto regulated bodies. But CZ is a businessman and probably just re-invent himself if the ecosystem if everything turns sour.
A platform like Binance has grown so much over the years, built their platform and/or exchange to stand out among others, implemented a lot of services which are beneficial to users like peer-to-peer transactions and so on, therefore I think for a platform whose team have put in a lot of efforts, time and resources, they will only keep moving forward while looking for better ways to remedy any issues coming up. The truth is, most big cooperations today once in a while face issues, but their ability to overcome is what makes them strong, Binance has come to far to fail, and the team are not willing to let all their efforts go to waste and that's the truth.
All these are coming up after the massive bull run, one might even ask why, they are done with fudding BTC now back to Binance since it is the biggest exchange today.
Nevertheless, it has been said time without number that keeping funds on centralized exchanges is not the best way, this is one of the first things to learn nonetheless, so therefore let people imbibe the habit of keeping funds outside exchanges, but as for Binance, it is going nowhere in my opinion and nothing will happen to it.
All these are coming up after the massive bull run, one might even ask why, they are done with fudding BTC now back to Binance since it is the biggest exchange today.
Nevertheless, it has been said time without number that keeping funds on centralized exchanges is not the best way, this is one of the first things to learn nonetheless, so therefore let people imbibe the habit of keeping funds outside exchanges, but as for Binance, it is going nowhere in my opinion and nothing will happen to it.
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You should have posted these in your OP.
I updated now as i looked into the situation a bit more You should have posted these in your OP.
I don't really think that binance is planning a rugpull i mean they are making billions of profit every year with their exchange so why would they even need to do a rugpull. I don't say though that the tweets that are shown in the video are not true or that this did not happen but i also think that it is pretty normal that you will always find a handful or maybe even a few hundreds of users that had a bad experience or even experienced some kind of scams if you have millions of users, but this does not necessarily mean that the exchange itself is a scam. It could have just been 1 employee of binance that was doing shady things or just a simple mistake.
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