Quote from: Charles-Tim on September 05, 2025, 10:25:27 AM

Quote from: slaman29 on September 05, 2025, 10:18:24 AM

Why would you want to risk money on other unproven exchanges?

But anyway, I will never understand some 'traders' I guess.

Did you not sacrifice your identity document on Binance?

Were you told all your coins will be given you back if Binance is significantly affected during hack?

All I posted is not about risking your coins on many exchanges but instead of having like $600 on one exchange, you can have $200 each on three exchanges.And not the coins that you hold but the one you are using to trade. The coins that you are not using to trade should be on noncustodial wallet.

What let you think Binance is the best exchange when it comes to security? I do not believe any exchange when it come to security. I only believe in myself and which is my noncustodial wallet.

Yes I did, it was one big choice to make I didn't like but I wanted to trade on a CEX so thats the sacrifice.

I was not told, but there was already as I mentioned a hack on Binance and everyone affected got their money. Can't remember how much but it was a hell lot of BTC stolen, and SAFU kicked in and nobody lost money. Think it was 2017 or 2018. So that made me think, track record. Opposed to even bigger players like FTX who of course died and people lost money.

We both agree keep our own coins but CEX trading you have no choice.

So, no of course I don't trust Binance or any CEX, my post history will show you that

But better the devil you know than 10 devils you don't know about, is what I'm trying to say.