If you're afraid that Binance "cold wallet" be hack and get emptied, don't you think you should therefore be more afraid of your personal cold wallet? Because I believe it's likely million times easier to hack yours than theirs.

But the good news is that no exchange platform can be hacked to the level of getting everything emptied. The worst could be a billion dollar worth of coin. Correct me if I'm wrong.

You're perfectly right but let me point out that even some who are technically savvy chose to keep Crypto at Binance because of other values they get. I am a risk taking entrepreneurs and would like to risk and grow my assets rather than having it sit somewhere safe and secure with zero growth. Like I stated in the original post, if you have nothing to do with your assets, you just want to keep it safe, then go learn cold storage. But if you want your assets to keep working for you, Binance is safer than we think.

Binance is a crypto exchange platform where millions of people trade Billions of USD worth of Cryptocurrency assets on daily basis. Countless of traders and investors have millions in their respective accounts, trading, holding, and investing there on daily basis. These people are not fools. It is extremely difficult to understand why making a post about why I trust the platform and how I secure my account could generate such negative reactions?

Does it mean that trading on Exchange platforms is not part of Crypto related matters that this forum supposed to cater for, and discuss about? Cryptocurrency is money, a medium of exchange, and not everyone wants to remain 100% anonymous with it. If people like Elon Musk and Michael Saylor were 100% anonymous, perhaps they won't have influenced and helped inspire the Crypto growth the way they are doing right now.

All I wanted was to share my experiences with Binance and the steps I'm taking to secure my accounts, with hope that someone or some members would learn one or two from it. If you're not using Binance, Coinbase, or any KYCed platforms, that's your personal desicion and you have your well founded reasons for that, which I also respect but mind you, millions of people are using the platform on daily basis and we too are part of this Crypto community.

Healthy discussion is the lifeblood of every useful community. The moment single opinion cult like discuss is allowed to prevail, independent thought begins to die.

Everyone is coming up with one permutation or the other about how Binance could wind up tomorrow, how Binance could be hacked and all the asset will disapear. Hello! Nothing is assured in this life. Not even the life we live. Binance and other Exchange platforms are not building their multi billion Dollars company just to fold up or get hacked. These companies are responsible, ethical, and in many cases well audited. Nothing is 100% fail proof, not cold wallet or anything for that matter. Life could happen and you lose access to your keys. Many have. As at my last check, over 140 Billion are sitting in cold wallets inaccessible forever.

So please, quit being hysterical and understand that Crypto was money before anything else.

Thank you for your powerful responses and I indeed respect your opinions. That doesn't mean my own opinion is invalid.

Thank you.

There's Binance P2P which is a very active marketplace with billion of USD worth of Crypto exchanged every day. If you're a P2P Trader and you're not there, you're probably leaving a lot of money on the table. Some of you, if not all, probably have one of two accounts with banks. And your personal data are already all over the places with credit Cards companies. I don't really understand why we can't do transactions with exchange platforms because you fear for your personal data?

Like I said, if your concern is on privacy and personal data, you don't want government to ever know anything about your Crypto holdings, then stay anonymous with cold wallets. But you want efficient use of your Crypto while minimizing profits, stay with exchange platforms. You may never understand what  I'm talking about until you begin to experience it.

The problem with.your very quick response is that you didn't take time to read my post. If you do, you'll understand that there's no contradiction.

At Bunance, you have options to do more with your Crypto to grow it. You can't do that while your coin is sitting at the cold wallet. We know that you have total control when you have your asset secured in cold wallet but that control is never absolute. You can still lose your assets through other means.

I do a lot of P2P Trading. So, it is easier and reasonable to have my assets at exchange platforms such as Binance. Perhaps that explains my biases. But that's by no means an unfounded bias because I've seen over times that it is better to have my Crypto at Binance than cold wallets.

When it comes to total security and privacy of my assets, I always use cold wallet system. As they say, it is not fully yours unless you have full control, and cold wallet system is the option that gives you the total control over your assets. Therefore, a simplest cold wallet system is as simple as writing down the associated private key on something like a piece of paper and deleting every electronic data related to it.

Once that is done, only you, and you alone will ever have access to the assets in the cold wallet. No government, no hacker, no institution will ever gain access or obtain the information therein without your active approval. But the problem here is, if you ever lose your private key for any reason, your assets will be gone forever! There'll be no one to hold, no one to cry to, and no help whatsoever to retrieve it back.

These are the reasons why I started looking at Binance and other exchange platforms as alternative and credible means to store assets for maximum benefits. Platforms like Binance has some of the most advanced security protocols in place, and the insurance of my assets gives me added sense of security. If anything goes wrong, I have someone to hold responsible and get my money back. And they're more than capable to pay back, provided the loss isn't from your end.

BINANCE SECURITY PROTOCOL

Security Features*	|
____________________________________________________________________	|
2 Factor Authentication	|
Address Management	|
Device Management	|
API Access Control	|
SMS Authentication	|
Email Authentication	|
IP Whitelisting	|
App Based Safe Sign-in	|
Security Notifications	|

Features Explained

• 2 Factor Authentication: Preferably - Google  Authenticator. This ensures that your account can only be accessed through your (Android or iOS) devices.
• Address Management: A system that allows you to whitelist which address to withdraw to. This to me, is the most important security feature with Binance. Once this is enabled, withdrawal can't be made to another address.
• Device Management: Let's you choose which device that can access your account
• API Access Control: To create Binance API - Login to your account. After logging into your Binance account, click [API Management] from the user center icon to create your API.
• SMS/Email Notification: You get pass code via SMS and Email to complete your sign-ins.
• IP Whitelisting: You simply whitelist only your IP address to access your account. Every other IPs are blacklisted.
• App Based Safe Sign-in: Every sign in option mentioned above can be bottled into App base safe sign-in, including fingerprint login feature.

MY SECURITY PROTOCOL  

My Security Measures*	|
____________________________________________________________________	|
Highend Mobile Device	|
Latest Anti Virus Definitions	|
Nord VPN	|
Incognito Private Browser	|
Secure Internet	|

Features Explained

• Highend Mobile Device: I access my Binance account sticky from my mobile phone. So I got a Brand new Samsung Note 21 directly from Samsung store, free of any contamination.
• Latest Anti Virus Definitions: I then installed original Norton Anti Virus, the highest version with all protections enabled.
• Nord VPN: I prefer Nord VPN due to the high recommendation. Therefore, I had to purchase Nord VPN before doing anything with the phone!
• Secure Internet: I rarely connect to Wi-fi. I subscribe to mobile internet bundle with is always more than enough for me and I'm online anywhere I go.

With these in place, I've never had any cause to worry and I store plenty assets in the Binance account for my P2P trading and other uses. And use the same to Hodl some coins.

I'm of the believe that anyone use these and enjoy great peace of mind keep their crypto at Binance or Coinbase. Any time I feel like the volatility is going to work against me, I quickly convert to USDT plus you have plenty to do with your assets to grow it, instead of letting it sit idle in the Cold Wallet in the name of absolute control.

Another thing I do is that, I avoid being phished. So, I'm extremely careful what I do with the mobile despite the security measures. And the Google Authenticator is probably one of the best security inventions of the 21 century.

My Submission: If you're only bothered about the security of your assets but careless about personal privacy, storing your assets at Binance is the most credible option for you. I feel safer keeping my money at Binance than having it in the bank.

But if you're concerned about privacy. You don't want the government or anyone else to know anything about your money movement, then Cold Wallet your best option.

The bottomline is that, your asset is just as secure at Binance as when you're handling it via cold wallet. Plus you have the added incentives of doing more with your assets to grow it.

Congratulation  buddy. You're now a Full Member and moving fast towards SR Member. You're indeed special and dedicated to your craft. You defeated me on the race but I'm so happy for you.

Family issues and other things took me off this forum for months but I'm back now. Hopefully, I'll pick up from where I stopped. Right now, I'm focusing to improve my trading skills at Binance and see how good I'd get. Congratulations once again @BernyJB


Thank you @Fivestar4everMVP.  I appreciate your post and what you said it indeed true. The introduction of the merit system is a good thing, although I don't know how the forum was prior to this time. But I believe the merit system is likely the game changer.

This is a huge problem in the Crypto ecosystem. Billions of USD worth of Cryptocurrency has been lost to this type of carelessness or what I should consider to be ignorance. As the last count, I heard that over 140 billion USD has been lost to passphrase forgetfulness. The major causes are ignorance and limited knowledge about passphrase and security management. Many people just want to get into the crypto business without the basic knowledge and preparedness required, and I can see how that relates to the new car owner's scenario.

Some hackers claims to be helping owners regain access to their digital funds but I'm taking that with a pinch of salt. If it's really possible like that, then no wallet  is safe.


Well, while this may be extremely hard to believe, I can confirm that I've seen a man, not a new car owner though, who usually forgets his Cars and instead, treck home   not once, but multiple times. Although that was believed to be due to health problems such as Amnesia.

I think it's not entirely impossible for a new car owner who has been used to taking public transportation to forget he got a car and instead, took public transportation he has been used to.

Having a social media handle that is the same on every social media platforms will enhance your brand equity and makes it easier for users to find you. It makes the marketing process easier and simpler. If you have a different handle for every platform, people will be confused if that is the same brand.

Getting a domain name with a matching handle will allow users to find your betting platform more easily. That shows high level of business preparedness and professionalism. What’s more, it’ll make printed marketing materials clearer and memorable.

Thank you very much my brother. You guys are putting in impressive efforts to keep this thread active and ongoing, and a very good example of the work ethics is this impressive appraisal post. I believe we will get there very soon and eventually get recognized and approved by Theymos and co.

But I have some little observations of my own. The last time I came here (shortly after I signed up to this forum) I was very eager to participate but one of my major draw back was excessive amount of political discourse going on here. Some of us would appreciate if we could leave the toxic politics for the people of the world and focus more on Crypto related issues as it relates to us the Naija people. I know you guys are trying already and by God's willing, we'll keep getting better and better until we attain the promise land. I just think we need to do more in this regard.

#My suggestion is, can we cut down on political and other non crypto matters and focus more on cryptocurrency talks, while adding bits of Naija politics once in a while?

Another one is lack of streamlining of topics. It seems though as if everyone is more interested in starting a topic rather than participating in the ongoing discussions.

#My suggestion is, can the Mod somehow, find a way to streamline topics? Something like choosing topics of the day? Once that is chosen, every member should refrain from starting many more fresh topic and instead, join in the ongoing discuss and follow it to the logical conclusions?

These are just my little observations and it's by no means conclusive. Perhaps something like these has been discussed in the past as the thread is just too long to be covered in one sitting. If that is the case, please do pardon my ignorance.

I have been more active at the Gambling section but from now on, I hope to be here 24/7 to enjoy and discuss with my brothers and sisters.

Thanks

It is indeed a great brandable name for gambling company. One of the brand consultants said that "a name like this can help a gambling company to achieve instant brand recognition and massively accelerate value creation.

World class premium gambling domain name. Contact me to inquire

You'll be forgiven on the basis that English language is not your native language.

Flex is an independent English word which means among other things: to put a (skill, talent, or ability) to use.
"the talks were seen as a way for Merkel to flex her well-known diplomatic prowess". It is not the short form of flexible. I don't know about German as I neither speak nor understand the language.

Flexi on the other hand, is a system permitting flexibility of working. Therefore, "Flexi" as a prefix means Flexible.

Flexi is also a popular term among businesses. There are countless of companies (especially  banks and telecoms) naming Flexi to their different products.

Thanks

Yes of course, they have serious responsibility towards their votes. This is how the process works.

Before any name is accepted for their independent evaluation, such name must possess these important characteristics and qualities: 1. Must be Pronounceable. 2. Must be Memorable. 3. Must be Brandable. 4. Must pass Radio Tests. 5. Must be less than 10 Characters long. 6. Must be a Popular TLD (preferably .com). 7. Must be Aesthetically Pleasing. 8. Must have no Trademark Issue.

If the name posses these characteristics, it will pass the initial evaluation and then goes into the voting poll where the Brand Experts will vote according to merits. The voting panels are made of

1. Branding Consultants.
2. UX/UI Design Professionals.
3. Brand Intellectual Property Lawyers.
4. Trademark Lawyers and Specialists.
5. Brand Domain Brokers.

Each individual will vote according to the merit of every name submitted in different categories. There's no incentive to vote for any domain because there's absolutely no gain in providing such incentives in the first place.

I hope these answers and helps clear your doubts

Over 100 Branding Experts voted for this domain as the most brandable gambling domain in a poll conducted at brand name pros.

Yeah, because you don't know much about qualities of good domain names, and probably you're not familiar with English words too. If you do, you'd have known that the name is a top notch premium domain name that is short, easy to pronounce, memorable, brandable, and in fact, an excellent fit for all kinds of gambling niche. And the best part is that all social media handles are secured to match.

In case you don't know, "Flexi" is a popular short way of saying "Flexible" and fits perfectly with "Bet" both in meaning and in aesthetic pleasure.

The value of brand equity has been well established in business enterprises. Saying that perfect brand name doesn't matter is the same as saying that your business/office address is irrelevant. It doesn't matter what you invest in business and how good your services are. If your potential customers aren't finding you easily, your Investment will be gone before you know it.

I have interacted with many branding experts and over 100 of them agree that ultra-premium domain names like Stake.com, Betflexi.com, Sportsbet.com, etc can help your company achieve instant brand recognition, build trust in your Casino business, and massively accelerate your value creation.

It can also ignite trust, because countless of users always associate premium domain name with serious service delivery, and wacky domain name to fly by night companies. Don't joke with your brand name if you hope to ever go mainstream.

We would like to hear from Gambling Operators in this matter. I believe they should know the value of quality premium domain name more than anyone else. Gamblers may not fully understand the value or the importance of quality brands name because theirs is just the functionality that matters most.

But gambling operators knows that it may be very difficult to build strong brand equity without premium name as the brand name, preferably on .com.

A good Gambling Company should be endeavoring to get all aspects right.

For your information, you can check the name on my signature and read the detail about the domain name. It is a good example of how a perfect brand Casino domain name should be.

Please, let's hear from the operators.

I agree with you 100% and that's what I'm driving at. Good brand name on .com is the lifeblood of every business that wants to be successful online.