Quote from: kamvreto on March 12, 2023, 10:17:40 PM

Quote from: Rigon on March 12, 2023, 01:18:10 PM

Quote from: KiaKia on March 11, 2023, 09:22:09 AM

I trust hardware wallet more than my bank account and Binance exchange, but if you are ask to choose between banks and Binance exchange which one do you trust the most? I throw this question to crypto friends around me and they choose Binance exchange.

Of course, hardware wallets are the ones I trust the most. Hardware wallet is one of the secure wallets. But if I am asked to choose between Binance Exchange and Bank Account, I will not choose either. Because I don't see any of these two as safe. They can do anything with you for their own interests.

Hardware wallet is the absolute choice and it will be the best choice. Have full control without any interference from third parties. Regarding Binance Exchange and Bank accounts, it seems that they are almost similar, only distinguishing Binance Crypto and Fiat Banks. Binance Exchange is a centralized Exchange that is still under the government, will not have full control over assets stored on Binance Exchange. It is not recommended to keep everything.

Cold wallet storages are one of the most efficient in the choices because of the capability of the owner to have a fully authorize with their wallets, in terms of banks you are using them just to store your money and enjoy their perks thats all but in terms of having the security like withdraw all of your funds theres not quite assurance with this because theres some limits, interest and more that prevent you to pull up all of your asset in just a single transactions, in terms of exchange the same thing you are using them but with every time you make a transaction theres fee thats how they earn alot of it, exchange you cannot adjust the fees for example in bitcoin and eth you can adjust the fees so it takes time to get it in exchange you need to pay on their rates as is.