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95 sats \ 1 reply \ @BadMoon 13 Dec 2022 freebie
I have been using Binance for trading for about a year and I like it. I don't leave much on there but I'm still actively buying and offloading to my Ledger weekly. What is the feeling that Binance might collapse? If I lost what I have on there at any given time it wouldn't break me, but it would still sting a bit.
B
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0 sats \ 0 replies \ @Coinosphere 14 Dec 2022
I wouldn't worry about CZ that much, he's been in the space for more than a full cycle and knows very well all the pitfalls that could destroy his business. He even understands not to piss off us Maxis. He may be a shitcoiner but he's a smart one and Binance is the only one of those foreign exchanges I don't expect to see collapse at all.
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63 sats \ 0 replies \ @BadMoon 14 Dec 2022
I'm human and feel a little fud-ish once in a while, I think cz is much smarter business man than SBF. I feel like even if CZ has done some shady stuff, he's to smart to let his business crumble. I'm still looking into some btc only dex's.
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1 sat \ 0 replies \ @corncob 13 Dec 2022 freebie
I've got no love for exchanges here, but a breakdown of Binance would set back trust and adoption by nocoiners by years and that loss seems worse than having Binance continue to operate.
0 sats \ 4 replies \ @ncryppt 13 Dec 2022
Look for non-custodial, bitcoin only exchanges. Peace of mind guaranteed.
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0 sats \ 3 replies \ @BadMoon 14 Dec 2022
What are some of the trusted btc only dex's?
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0 sats \ 2 replies \ @ncryppt 14 Dec 2022
Robosats (p2p), Bull Bitcoin (Canada)
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0 sats \ 1 reply \ @BadMoon 14 Dec 2022
I'm in the US, but I'll check out both.
Thx!
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0 sats \ 0 replies \ @ncryppt 15 Dec 2022
There's def more out there too, just those were the first two that came to my mind
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0 sats \ 0 replies \ @Majjin 13 Dec 2022
I find Bitcoin only exchanges a little more trustworthy than exchanges with shitcoins on them. Even then I think you should always hold your own keys.
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0 sats \ 0 replies \ @TomK 13 Dec 2022
A possible breakdown of binance could really be a game changer for Bitcoin adoption. But I am really feeling bad for those who are losing there hard earned money to these exchanges and to fraudsters like Sam. The rest of us are losing the part of our money to the Fiat bankstes that we couldn't change into Bitcoin.
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