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Binance is same with other shady exchange like Huobi and FTX. Im not trusting too this scumbag exchange but we dont have a choice to use them for now because they are the only gateway from cypto to fiat and vice versa for me.
Binance came out on top, being the most needed exchange by many because it is a bridge between Crypto and Fiat.
Binance may still be hiding behind the
"SAFU" fund which is touted as the best strategy to secure users' funds when the unexpected happens.
The
SAFU Fund has been filled with around $1B which is certainly a very large amount. But will it be a sure guarantee of safety? we can all only hope Binance isn't like the Bastard FTX exchange.
https://www.binance.com/en/blog/community/topping-up-safu-to-$1b-8460049926432191856Never trust any platform when it comes to money and digital wealth. Manipulation will still occur, and intentional or unintentional errors will also occur. Securing what needs to be privately secured must be done, for sure we must have full control over what we have.