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Author Topic: Binance are the godfather of crypto  (Read 212 times)
cryptoboss2020 (OP)
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March 22, 2021, 04:40:05 PM
 #21

Numbers do the talking.
Let's look at the volume in binance the users and daily actvity.
Its a crypto center and many People Will get use to that binance are like bank for them.
Reason is simple its handy
cryptoboss2020 (OP)
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March 22, 2021, 04:43:19 PM
 #22

Most of the traders trust Binance and love to trade on Binance without any hesitation. If you think like this you can not trust on any exchange. To date, hackers hacked many times many coins from the exchanges. For me, a hardware wallet is best to store the coins unless you want to sell them on exchange. Even Binance also hacked in 2019 and did you see the end of crypto at that time my answer is no. Nothing will change if hackers hacked any exchange I agree it's a big exchange and millions of traders holds their coins on Binance to trade So we have to keep trust and should not be pessimistic.

I think usdt should be insurance for Exchangers.
No matter of Hacking or loss the usdt Will refund it.

Thts other point
The crypto Exchangers are Here to Stay many People have find their new Job as crypto trader.
And Exchangers can play big part of that
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March 22, 2021, 05:17:45 PM
 #23

Binance have slowly progressed and has now taken position as the largest cryptocurrency exchange. Earlier more other cryptocurrency exchanges were into usage, but something made them lag in service. Now Binance has got its own platform and more apps are being developed over it. BNB have added more value to it, and the success of Binance began through its launch platforms of different projects.

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blackened515
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March 22, 2021, 09:41:57 PM
 #24

Binance have slowly progressed and has now taken position as the largest cryptocurrency exchange. Earlier more other cryptocurrency exchanges were into usage, but something made them lag in service. Now Binance has got its own platform and more apps are being developed over it. BNB have added more value to it, and the success of Binance began through its launch platforms of different projects.
Binance improved on some certain features in the crypto space, true been told, Binance as largest exchange deserves it because, it contains and carries more of volume and volatility into the crypto market

Numbers do the talking.
Let's look at the volume in binance the users and daily actvity.
Its a crypto center and many People Will get use to that binance are like bank for them.
Reason is simple its handy
I could understand much from from this, over some time sago, Binance were acquiring different crypto companies, gaining trust an now exploding, Binance itself is a investment platform too, becaau it had some features of saving and locking your coins for certain number of period.



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The Sceptical Chymist
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March 23, 2021, 07:41:42 PM
 #25

To be honest me and many others are in crypto Only becouse binance are in crypto.
That doesn't make any sense.  You're interested in cryptocurrency because of Binance?  Me brains can't handle that kind of motivation, and you're saying many others share the same motivation.  Bizarre.

And by the way, the success or failure of bitcoin (or crypto in general) does not depend on Binance or any exchange.  There have been many big exchanges that have failed, and the most those failures have caused were bumps in the road of bitcoin's success.  Having said that, I hope Binance doesn't fail--they're an awesome exchange, even if I'm unable to use them myself.  They survived that massive hack a year or so ago and it would have killed weaker exchanges.  That says a lot about them, IMO.

I have yet to hear someone say they've entered crypto because Binance exists.
That's because it's a bizarre thing to say.

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cryptoboss2020 (OP)
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March 23, 2021, 08:19:27 PM
 #26

To be honest me and many others are in crypto Only becouse binance are in crypto.
That doesn't make any sense.  You're interested in cryptocurrency because of Binance?  Me brains can't handle that kind of motivation, and you're saying many others share the same motivation.  Bizarre.

And by the way, the success or failure of bitcoin (or crypto in general) does not depend on Binance or any exchange.  There have been many big exchanges that have failed, and the most those failures have caused were bumps in the road of bitcoin's success.  Having said that, I hope Binance doesn't fail--they're an awesome exchange, even if I'm unable to use them myself.  They survived that massive hack a year or so ago and it would have killed weaker exchanges.  That says a lot about them, IMO.

I have yet to hear someone say they've entered crypto because Binance exists.
That's because it's a bizarre thing to say.


You could say this but many people who is not well sophisticated as you are prefer binance over anything as they have binance like their own bank
And Even me Don't Know how to use those ledger nanos or electrum exodus Kind of wallets.
I Trust More Exchanger then myself I like someone to take care of my stuff.
So crypto Exchangers are Our new banks
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March 24, 2021, 03:24:58 AM
 #27

What you are elaborating is that people should only use Binance because everything is there. As much as most of us like to use it and it is the most preferred crypto exchange, you have said that there are others.

We mostly see suggestions when someone asks what exchange should a beginner must use and the answer would always be Binance.

But based from your words how we should binance as the only exchange to use, you are probably off with that, crypto isn't just all about them.

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March 24, 2021, 09:19:06 PM
 #28

And Even me Don't Know how to use those ledger nanos or electrum exodus Kind of wallets.
I Trust More Exchanger then myself I like someone to take care of my stuff.
If you like someone else caring about your stuff, then you're not in crypto for the sake of cryptocurrencies but strictly for speculation. There's no way someone cannot understand how to use a Ledger Nano S. I don't think the process can be any more straight-forward than that. You literally have all instructions on the internet or in your delivered package.

So crypto Exchangers are Our new banks
There are so many things wrong in this statement... banks =/= exchanges
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March 24, 2021, 09:28:04 PM
 #29

And Even me Don't Know how to use those ledger nanos or electrum exodus Kind of wallets.
I Trust More Exchanger then myself I like someone to take care of my stuff.
If you like someone else caring about your stuff, then you're not in crypto for the sake of cryptocurrencies but strictly for speculation. There's no way someone cannot understand how to use a Ledger Nano S. I don't think the process can be any more straight-forward than that. You literally have all instructions on the internet or in your delivered package.

So crypto Exchangers are Our new banks
There are so many things wrong in this statement... banks =/= exchanges

Later on, if something happens to his funds owed to the exchange, he will change his perspectives. Still it is best to have full control of your funds. That means, you have your own keys. Though for example, binance is a trustworthy exchange, still having your own wallet is much better than storing it to the exchange. I hope the OP will not encounter any prob by storing his assets to an exchange. He should know better already, with all the hacking incidents and other illegal activities, at some point, these exchanges will be vulnerable to these acts.
cryptoboss2020 (OP)
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March 24, 2021, 09:31:22 PM
 #30

And Even me Don't Know how to use those ledger nanos or electrum exodus Kind of wallets.
I Trust More Exchanger then myself I like someone to take care of my stuff.
If you like someone else caring about your stuff, then you're not in crypto for the sake of cryptocurrencies but strictly for speculation. There's no way someone cannot understand how to use a Ledger Nano S. I don't think the process can be any more straight-forward than that. You literally have all instructions on the internet or in your delivered package.

So crypto Exchangers are Our new banks
There are so many things wrong in this statement... banks =/= exchanges


Yes its a New way of banking
Look binance have Nice card You Don't need bank or anything.
Just trade and cash out Ur profits from ATM.

I Don't Know if its crypto or what Ever They call it
But I like things useful practical and Simple.
There is newbies who choose binamce their first Step in crypto.
cryptoboss2020 (OP)
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March 24, 2021, 09:35:47 PM
 #31

And Even me Don't Know how to use those ledger nanos or electrum exodus Kind of wallets.
I Trust More Exchanger then myself I like someone to take care of my stuff.
If you like someone else caring about your stuff, then you're not in crypto for the sake of cryptocurrencies but strictly for speculation. There's no way someone cannot understand how to use a Ledger Nano S. I don't think the process can be any more straight-forward than that. You literally have all instructions on the internet or in your delivered package.

So crypto Exchangers are Our new banks
There are so many things wrong in this statement... banks =/= exchanges

Later on, if something happens to his funds owed to the exchange, he will change his perspectives. Still it is best to have full control of your funds. That means, you have your own keys. Though for example, binance is a trustworthy exchange, still having your own wallet is much better than storing it to the exchange. I hope the OP will not encounter any prob by storing his assets to an exchange. He should know better already, with all the hacking incidents and other illegal activities, at some point, these exchanges will be vulnerable to these acts.


I will not change I will just grab the neck of Exchange owmer and little squeeze until there is answer Where is the money.
Are You really Think?  I Trust You with my hard earned money?  And You just telling me after?
No money?  I Don't accept this attitude!
But if Something happens.. With Exchangers specially binance its a chaos.
Many people will lose trust in crypto.
So Let's not even Think about like this.
Its a 2021 year the Exchangers are well developed
And well watched and owners are known.
For me it Sounds like a end of the World if Something like this would happening.
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