Post
Topic
Board Altcoin Discussion
Re: Questions about buying, holding, staking altcoins
by
InwardContour
on 10/12/2020, 19:55:03 UTC
Binance exchange is the best place for new crypto users and traders, you don't have to worry about hacks or theft because binance team are capable of handling any threat, even if hackers managed to break down the exchange firewall they won't get away easier as binance can blacklist any address nowadays, they can easily return funds to users too

If you say Binance is the best place for newbie traders, I'll concur with you due to ease of trading and simple user interface. However saying there is no need to worry about hacks is baseless, there is need to be cautious about hacks when it comes to centralized exchanges. You don't just keep coins on exchanges for so long, using the exchange as personal wallet because anything can go wrong at anytime, I only send coins to exchanges when I need to trade not otherwise since all CEX can be hacked.