Quote from: libert19 on Today at 02:28:11 AM

Centralized exchanges have have one pro: https://www.bloomberg.com/news/articles/2022-04-22/binance-recovers-stolen-disguised-crypto-loot-from-mega-hack

I would hardly call censorship a "pro". Sure, they may use that power to seize some hacked coins, but they also use it to seize coins that governments tell them to, that trigger one of their arbitrary algorithms, that they deem to be too risky, sometimes entirely by mistake, and so on. If they can censor someone else, then they can censor you. If they can steal other people's coins, then they can steal your coins.

Quote from: Pterosaur on Today at 08:01:18 AM

I trust Binance

Incredibly naive.

Quote from: Pterosaur on Today at 08:01:18 AM

and I don't care what they do with my KYC because I know they won't hurt their customers

I mean, they've already been hacked for thousands of their customers' KYC data and then lied about it. So that's just not true.

Quote from: GeorgeJohn on Today at 08:54:26 AM

so what I'm saying in essence is that binance have high security data like apple industry, it's hard before apple release their customers data for you, because it's very obvious that if they do, it will lead to elimination of their platform or degradation of their exchange.

You have no idea how good or bad their security is. It has been breached many times in the past, resulting in both stolen coins and stolen data.