I was reading this article here posted 3 weeks ago:
https://coingeek.com/crypto-crime-cartel-bye-bye-binance/And yes, I've seen several articles trying to "bury" Binance even years ago, and so far they were all wrong. But let's get into it:
Binance limits every account to make a withdrawal of up to 2 BTC every 24 hours without verification.
2 BTC today is around $27,500 which is quite a huge amount.
And if you easily open up 3-4 accounts you can transfer over $100,000 without verification!
It's quite concerning thinking governments around the world would let this continue like this without any sort of regulation or some draconian rules in place.So far Bitcoin is on the rise and so is Binace Coin - now listed #7 in CoinMarketCap.
Is it only me or does it feel like the next crash is going to come from Binanace?
Would you trust Binance today or would you take your money out of there?
What do you think? Is Binance a safe place to use today or not?
Indeed, it is quite interesting how Binance has the ability to allow its users to make such large transactions of money without KYC verification. I think that sooner or later they will be forced to make smaller limits or demand KYC verification from all users.
I don't think Binance is planning to scam anyone, but in history already happened few very strange situations, so remember to never keep your money in the exchange and use it only to make transactions.