Quote from: AdolfinWolf on February 16, 2020, 11:52:13 AM

Quote from: JackpotRacer on February 16, 2020, 10:17:21 AM

Quote from: Parodium on February 16, 2020, 10:07:01 AM

Careful everyone.

It's still possible to exfiltrate money from your account using API keys by moving money between accounts via low liquidity trading pairs.

hey thanks for commenting. Why would I use API anyway? Why should I trust him? IMHO He would need to trust me if I invest my money

You give him access to your API keys so that he can trade with your account. As opposed to sending him the money directly.

Parodium simply states that that gives a false sense of security, since OP can either A. still make shitty trades losing all your money or B. try to siphon away your money through low liquidity coins:
(He buys LL coins with your account, then sells them for as low as possible, causing his buy orders which are way below market rates to fill, thus making some profit off of your coins once they shoot back up. (Or vice versa)).

Quote

IMHO He would need to trust me if I invest my money

How exactly? He isn't taking any risk by using your money to make some trades?

thanks for explaining and I understand the risk but what I meant is that OP needs to trust me and I will trade with my Binance account and he needs to tell me when to enter and exit
that means he will have the risk to get paid by me or not and I have the risk to lose cash if he is not legit

cheers