How safe is BSC (bep20) chain? Is it okay to store a large amount of BTC and USDT on that chain? If Binance shutdown will the chain still operate normally?
Compared to other blockchains. BSC network has deemed to be one of the network that has the highest number of scam attacks. I believe it is because it is easy to create a token in the network and manipulate the blockchain. I have about 150 scam tokens that were sent to me. Infact there was a time when almost everyday am being sent one or more tokens in my Bep20 address.
Dont get me wrong, am not saying other networks are exempted as well. Its just that due to my experiences i have to share it for you. But, remember BSC network is one of the cheapest, fastest and easiest to carry out transaction. The fees are low so you could hold your BNB and USDT or any cryptocurrency in the network. Knowing that whenever you choose to withdraw them anyday you will not be spending up tp 50 cents to do that.