Bitcoin Forum

People he told me that people don't understood
The binance is bigger then Goldman sacxh or Banks.
And bigger then goverments.
People say like don't trust exchangers i and smart people say we trust fully binance becouse If you cant trust binance then it means you cant trust govermemts or any Banks either, the binance is huge it's just starting it's bigger then Amazon bigger then apple binance is huge.
I trust all my money to binance more then banks when there IS economy problems and bank runs that banks closing down but it can never happening with binance.
That's why binance always will reinburse losses in crypto.

I wait when binance will start refund atleast some money If i lose on futures trading or paying money for most Active future traders.


But where i can buy shares of binance stock ? Are binance on usa stock market ? If so how to get binance shares ?

Dude. One of the main reasons why people love bitcoin is that they actually don't trust banks and governments lmao.


You're delusional if you actually think they'll refund losses that you're 100% responsible of.



Binance isn't a public company; so you can't unless you're an institutional investor and that you have the right connections.

buy BNB that's the token and you can also buy it from their own exchange. you can trust binance, its all up to you but not for all.
keep in mind that its centralize. if they decide to freeze accounts for whatever reason, your funds couldn't be withdrawn. some times they are doing maintenance by the way, and if it happens that you needed the money the most. that's a prob.

If they don't refund we leave them who lose ? They lose so they have to

They lose? Do you think they actually win if they refund even just a small percentage of everyone's losses? It's like expecting a casino to return some of people's lost money — it doesn't make any sense at all.

tl;dr Binance will strive even if majority of people lose money. Most people are gamblers, and that's how gambling works — you get hooked even if you lose.

OP this post of yours sounds like a promotional post about Binance. No doubt, Binance is a good exchange but that doesn't mean we should all trust and keep our money on Binance exchange as you do. It is all based on choice. I don't know where you got this misconception from
No crypto exchange is responsible for your losses in crypto. So as Binance. You better refrain from such information

Then you should look for information about hacking on crypto exchange (https://cryptosec.info/exchange-hacks/)
even Binance itself has experienced this Crypto exchange Binance suffers $570 million hack (https://www.nbcnews.com/tech/crypto/crypto-exchange-binance-suffers-570-million-hack-rcna51266), and almost all major exchanges have experienced this so none is safe from hacking
so just like a bank where you can lose money, likewise when you store assets on an exchange, there is a chance to losing the asset.

they are not a public company so you don't or yet own the shares at this time, but it's strange that you are so adoring about Binance but don't know about the status of the company

I think he talks about this "Reimbursement for Binance Futures ETH/USDT System Issue & Liquidation. (https://www.binance.com/en/support/announcement/reimbursement-for-binance-futures-eth-usdt-system-issue-liquidation-2021-10-14-ac36b3f5f3814a7f94b2e7d097966007)" the refund is only for users who are affected by this issue. It seems he didn't know that thing yet.

@Fullbear2222 be careful on future trading it's very risky if you lose in futures there is no reimbursements they only refund affected users according to the link above is due to a system issue. So it means you are not one of them. And Binance already solved this issue a long time ago.

You're smart because you know that many don't trust the banks and the government and that's why we've invested in crypto? No doubt that binance is huge but we will if it will take over the net worths of Amazon and Apple. The market for it is unstable but for those two, they're stable and they've grown a lot too.

You should only trust your money with yourself holding it on a desktop or hardware wallet or any type of wallet where you own the private keys. In binance, you don't.

Yea this is a lot more justifiable since the issue was actually on Binance's side. What OP's proposing though? Yea lmao that ain't going to happen — like, not a chance at all.

Nope, they're just doing what they can. There comes a point where they'll (perhaps)only care about their own problems and go bankrupt. The volume of global crypto is greater than you think which just one company can't afford.

They only refund the loss from their system error, not from the customer's side. Your profit, your risk.

Hey buddy, I want to meet those smart people so I can gain some knowledge. :P

If you trust Binance then its okay but I can't trust anything forever, any company can go bankrupt while governments less likely compared to business and yeah it can be bigger than economies of few countries but definitely I am not that stupid to trust someone completely because they are getting bigger.

Actually this is one of the reasons why they may not reimburse if it's the case. If they're so big and powerful, then nobody can force them, right?
Plus, if they get badly hacked (i.e. somebody from inside gets to steal the keys of the cold storage), they get so badly fucked they will have no chance to reimburse.
Plus, you don't know if they are working on real funds or have ongoing debts and/or leverage (like FTX had to look bigger than they are).

So better keep at any exchange only the bare minimum for your needs and never forget the "not your keys, not your coins" mantra. You never know when shit happens and it's best if it doesn't happen to you.

If you are looking how to profit in Binance , this is not happening now or will it happen anytime soon in the future. You can join their staking program. Although they are not staking all coins but at least you can buy those stakeable coins and lock them up for allowed time to have some additional percentage of your worth. You can stake for 10days, 30days, 60days or 120days. Many people are benefiting from this and you can try it if you wish to

I think binance is a little smaller than the names that you mentioned because they are already there before crypto came and crypto adoption is not totally wide. It does not mean that you aren't smart if you aren't involved in crypto but those who got involved in crypto either want easy profits and doesn't like the idea of local currencies.

Binance is trusted but it is centralized and we crypto users are advised to not totally rely on them or store money on them for a long time especially if you are not using it. Some cant trust binance but it doesn't automatically mean that they don't trust governments and banks. It will still depends. Maybe they won't, if they are corrupt and doesn't do their duties well.

At times like this, crypto world is in chaos. Tycoons are crashed this year and it seems only BNB survives and lives well so far. Buying BNB is a choice because CZ is more likely to be a pragmatic person and under his leadership, Biance is doing just fine. However, the risks are also there. Biance exchange is also centralized and anything happens in the future, all funds can be frozen and no one can withdraw any funds. Think twice before you leap.

I don't know if Binance is bigger than Goldman Sachs in terms of net worth but I don't want to agree because Goldman Sachs's net worth was $123.27B. according to this month's report while Binance managed about $34.1 trillion trading last year. However, it can't be used to judge the exchange net worth because CMC data says a $76 billion daily trading volume was executed on the Binance exchange as of August 2022.
Nevertheless, saying Binance is bigger than the Banks is naive but i will agree with this if we're talking about innovation.

This is another naive statement that I believe CZ himself will never agree with. Ask yourself if Binance is bigger than the government why did CZ submit to the UK and US government crypto rules and regulations? Wake up buddy don't let anyone feed you with false information.

When you experience a worse situation from Binance you'll know the only one you should fully trust is yourself.


Tell me an experience or smart individual who trusts the Banks not to speak of the governments who are full of shady games. I think you don't understand that Binance was not owned by CZ alone and the exchange started it journey through ICO which they also hold a bounty campaign on this forum.

Good luck with your trust in CEX but I want you to understand that the government has the final say over CEX trading activities.
Your investment in BNB coin is just like you investing in Binance stock.

Trolling on bitcointalk is a common thing. I believe that it is the same dude, go back a few years and you will see that there are few accounts that keep on trolling, starting these type of topics, and then leaving, and then starting another and another and people talk on those topics. I am not against it because it actually gives us a good number of same things to look for, because we chat on these topics, otherwise it would be a dull website.

So, even though he is trolling and makes absolutely no sense and totally annoying, he is also helpful because it gives us a place to rant and vant at the same time and just get the hatred out of ourselves and just talk peacefully afterwards.

What have you smoked lately OP? Well, it's your choice but neither of the two is trustable tbh. You would never know with a centralized exchange to not run for that, as far as I know, the said exchange doesn't even know where it is based. Not your keys, not your money.

Binance Are too big there is customers from UK eu russia USA au .... Can you imagine how many people Will lose ?
It's like nuclear bomb disaster.
And you think the binance team can just forget this ??
Think again men and make exchanger and try to steal people money....i think you gona do everthing what you can to refund to people becouse your own peace in life Are important.

I can imagine how many people would lose what they keep there, but that's their problem because they trust one man and one company, instead of realizing that they themselves should be their own bank. There is nothing smart about what you believe and what you write, because you have only convinced yourself of some kind of fairy tale, and you are trying to promote something that does not make much sense.

No one is big enough to fail, and all those who think differently are doomed to a bad outcome anyway, in one way or another.

I guess then the ceo Will be hunted down like crimimal.
If you take all the people money and run it's a crime.
Also many traders Will put the money so the bounty hunters Will find and bring justice.
Things can turn ugly and Im sure binance have back up funds becouse his life will be ruined and all binance team members will struggle becouse there will be too many people who Will team up.

And If people lose money like over 100k it can change their mind and bounty hunters Will want to earn.

And dont want ???
If someone own like few Hundred milions... Then bounty hunters Will get like 20 mil off course they Will act.

I tell you construction business the bounty hunters will bring money Even for smaller ammounts

People don't imagine it can trigger war.

U need to understood that Even Mafia italians russians albanians Will take the bounty hunting Job to get money the money Are just too big.

Binance are not liable for your lose or lost of any funds while trading on future, i don't think there is a guaranteed or ToS that state it categorically of refundment if you lost money.
Yes Binance has been a trusted and reliable trading platform, also the largest worldwide so while dealing with binance they have their own specifications and sets of rules to be adhered otherwise your account could be freezed.


The only way to do this is to buy and hold Binance coin BNB and stake on their exchange there's a percentage for holding on Binance exchange,
for more details you may check out here (https://www.binance.com/en/earn/bnb).

If you trust so much on Binance, then better get BNB coins, these are the coins developed by Binance. So if you have so much trust on Binance, then BNB will be a great option. I really don’t have knowledge where you can get the stocks of the company, but yes holding BNB might be a better option for you. Moreover rather than Binance or BNB, i will support holding BTC or ETH, as per my perspective these have better future then other things.

You seem to be still very young and inexperienced, maybe you are unfamiliar with cases like Quadriga where the CEO allegedly died and took $250 million with him, except that only two people allegedly saw his body - so it is very easy to fake your death if you are a little intelligent and you have money. Have you heard of Kwon? I hear a lot of people are looking for him, but no one has any idea where he is, and I doubt those bounty hunters will ever find him.


What kind of war are you talking about? Who will go to war against whom if a crypto exchange declares bankruptcy or cannot meet its obligations in some other way? You watch too many American movies, fiction is one thing, but reality is something else...

Sedikit keliru jika orang pintar tersebut mengatakan kepada tentang ini.
I personally use the Binance Platform not on the basis of trust between the government, me and the Bank, that's a different understanding, Different options bank and government with Binance, I use the Platform for trading & investing based on the quote below.

Other than the points above, what I'm sure is the reason for using Binance in crypto trading is that they process very high liquidity/transactions, this feature makes buying and selling easier and faster, it has nothing to do with government and bank trust in using the Binance Platform.

Maybe he is a true Binance fan and a big believer in Binance. Holding BNB was an option for him to continue supporting Binance. I don't know why he really believes in the exchange if you look at the current case. Even CZ was also the cause of the further collapse of FTX by failing to acquire FTX. This is a lesson for all of us that exchanges are no longer safe, don't keep all your money on the exchange. If an exchange has declared bankruptcy, what are we going to do? crypto is cruel when events like this happen.
The safest thing is to store in a private Wallet and only we can fully control it, and holding BTC and ETH is the best because the development is clear and without manipulatives from any internal party.