Do you still have confidence in Binance?

[deucher]

I've noticed a lot of articles and user reviews lately about their lack of confidence in this exchange and that its collapse could cause a collapse in the crypto market. I have been working with this exchange since the first days of investing in cryptocurrency and I am quite confident in it. But do you feel something suspicious about her and could a breakdown happen?

 

[SHAHID987]

I have been told by seniors as any exchange may run away any time so it's better to put your affordable amount in it. Not to dump all money in it. On the other hand they tell to put your cryptocurrency in wallets there it is safe. I am also decreased my money there but for time being.

 

[timewo]

Binance is the largest crypto exchange at present, and many users in Asia have no suitable alternative, since Coinbase closed in the September. Opening and managing a crypto account is very time consuming .

 

[eldavis]

Well to be honest i really dont know, i have heard so many reviews about binance, some where good and some where not so good. If you are having doubts about it, i guess it would be best to only put in what you are okay with loosing or simply avoid them.

 

[Stardom22]

For me l really have no confidence in the binance app. This is because after signing up, l received some deals that didn't fit me as far as the crypto currency trading is concerned.

 

[Authenticity101]

I have also come across articles that say that Binance could crash someday. That is something that you should not assume, if Coinbase can stop, I believe something could happen to Binance too. That is why I don't keep all my assets there. I hear wallets are much safer, I will try them for storing my crypto assets.

 

[Nite]

Binance has been one of the leading cryptocurrency exchanges for several years. But it is crucial to stay informed and vigilant in the ever-evolving world of cryptocurrencies. The crypto market is highly volatile, and any exchange can face challenges or regulatory issues at any given time.

 

[nomad]

I have been using Binance since the beginning of 2020, I trust Binance even though CZ has been fined for financial misconduct and had to resign as a CEO because of his misconduct.

 

[Nite]

Yeah people need to remember that Binance as a platform has continued to operate efficiently. It's encouraging to see that Binance has taken steps to address the situation and maintain transparency.

 

[timewo]

At present there is a problem receiving ETH smart contract payment in the Binance wallet address. Some users are complaining on forums that they have not received the payment yesterday and today.