Quote from: yudi09 on Today at 10:58:57 AM

Quote from: coupable on December 07, 2023, 02:09:29 PM

Quote from: yudi09 on December 07, 2023, 08:34:56 AM

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There is no competitor in the market currently capable of competing with Binance, and therefore it will not be easy at all to think about the method of its collapse and the possibilities of its repercussions, even after the resignation of its CEO.

Even though Binance is a big and powerful exchange that may be difficult for its competitors to beat because of the convenience and advantages that Binance has, caution must be taken when using the Binance exchange.
Still, they are just an exchange, not a place to store large amounts of assets for a long period of time. I think it should always be warned to beginners so as not to misunderstand the exchange function.

Unfortunately, this is never the case with Binance users who blindly trust the platform. It cannot be denied that this major negligence on the part of users in not taking responsibility for preserving their savings in private wallets, but by examining more into this phenomenon (I call it the Binance phenomenon), it becomes clear that Binance has succeeded in convincing customers that it is the ideal space for investment, trading, and exchange by offering a variety One of the options that makes the user not leave the Binance applications at all. Binance has an independent blockchain network known as Binance Smart Chain, in addition to launching its own wallet known as TrustWallet and acquiring the largest cryptocurrency listing site known as Coinmarketcap.