Post
Topic
Board Bitcoin Discussion
Re: CZ Sentenced, Your Bitcoin in their Custody
by
mindrust
on 01/05/2024, 09:19:16 UTC
But, my money in binance is safe right?
Sorry got a bit panic when i saw this thread and since i can't access my wallet right now, i'm just making sure everything is alright.

For now… “not your keys not your coins”

There were lots of big exchanges went down in the past. Some of them went down without a warning. Some gave many warnings before they collapsed. Maybe this is one of those warnings. I am not saying that you shouldn’t be holding any coins on an exchange but think about this: If binance went down today, the amount you’ll lose on their platform would make you mad? If you are saying “yes” then you should lower your risk levels and hold more coins in your cold wallet.

As long as you manage your risks the right way, there is nothing to be worried about.