Is Binance in a risk of being shut down?

[Gorosden]

I was reading this article here posted 3 weeks ago:
https://coingeek.com/crypto-crime-cartel-bye-bye-binance/

And yes, I've seen several articles trying to "bury" Binance even years ago, and so far they were all wrong. But let's get into it:

Binance limits every account to make a withdrawal of up to 2 BTC every 24 hours without verification.
2 BTC today is around $27,500 which is quite a huge amount.
And if you easily open up 3-4 accounts you can transfer over $100,000 without verification!
It's quite concerning thinking governments around the world would let this continue like this without any sort of regulation or some draconian rules in place.

So far Bitcoin is on the rise and so is Binace Coin - now listed #7 in CoinMarketCap.

Is it only me or does it feel like the next crash is going to come from Binanace?
Would you trust Binance today or would you take your money out of there?

What do you think? Is Binance a safe place to use today or not?

Lol this news is so fake and misleading, binance exchange is one of the few top exchanges that want the best for crypto and blockchain technology, they are expanding across the globe at a very fast rate, trust be if binance exchange is facing any problem it will be transparency, IEO success never stops too, this is 100% FUD

[Ridwan Fauzi]

Actually, I can't access binance exchange because my country has banned the network to access it a few months before. I don't know what the reason they decided to ban binance exchange where as my country still allowed people to trade crypto currency especially bitcoin. Yeah, I'm using binance exchange in my whole day, I never try to use another exchange beside it because I have been comfortable when using it. The exchange is friendly use if I compare with another exchange although my local exchange. As long as I can access binance exchange by all means I'll using it.

[lobo13hf]

coingeek has owned by CSW shill. it's always creating so many FUD news and it's always try to misleading people.
You should only try to watch the trusted news from the reliable source like cointelegraph or coindesk. both were having very good credibility in the crypto market. So many whales were also using these sites.
You were getting trapped by fake news that created by CSW shill.

[plr]

So far Bitcoin is on the rise and so is Binace Coin - now listed #7 in CoinMarketCap.

Is it only me or does it feel like the next crash is going to come from Binanace?
Would you trust Binance today or would you take your money out of there?

What do you think? Is Binance a safe place to use today or not?

I don't see any indication that something bad is going to happen to Binance, Binance has met a lot of storm in the past and they have weathered it and there's no threat now or even in the future on Binance, let's admit it Binance is the number one exchange now,  any negative news about them can make an impact in the exchange industry, if there is bad news it's likely a FUD.

[shoreno]

I don't see any indication that something bad is going to happen to Binance, Binance has met a lot of storm in the past and they have weathered it and there's no threat now or even in the future on Binance, let's admit it Binance is the number one exchange now,  any negative news about them can make an impact in the exchange industry, if there is bad news it's likely a FUD.

what about the article and the comments shared by the op , didnt you find that a scary thing for binance . threats wont stop from a business that are already on top and the common threats that can happen to binance are hacking but binance are pro of handling that because they experience alot of hackings in the past and they guys know how to resolve the issue .

 negative news wont easily impact them especially if its only a non verified news and what will be the connection of impact of binance to other exchanges if binance are being threatened or attacked ?

[safari88]

i really wasn't sure if they were going to be shutdown easily. i think binance is one of the top exchange and i personally using it although it is right that you can easily do a money laundering through their exchange.

[bittick]

i really wasn't sure if they were going to be shutdown easily. i think binance is one of the top exchange and i personally using it although it is right that you can easily do a money laundering through their exchange.

It will never be shutdown caused by this news was fake news created by the crap site. The reputation of coingeek is the same as blockcrypto which always wanna try to spread the fake news to the crypto users. coingeek was trying to spread that fake news about the possibility for binance to be shutdown.
Binance has acquired its license to be operated. There's no strong indicator for binance to stop its service

[carlisle1]

sorry but binance seems to be growing and growing now,after Having CoinMarketCap in their position now?why would they need to shut down?

and besides news is normal specially in Popular exchange like Binance in which competitor will do everything just to bring them down.
and also this can be Binance itself make this news for popularization as Good or Bad publicity is still a publicity.

This exchange will compete for sure in a long years as they are extending their service now worldwide and with so many good action regarding the crisis each country is facing.

[wxa7115]

I was reading this article here posted 3 weeks ago:
https://coingeek.com/crypto-crime-cartel-bye-bye-binance/

And yes, I've seen several articles trying to "bury" Binance even years ago, and so far they were all wrong. But let's get into it:

Binance limits every account to make a withdrawal of up to 2 BTC every 24 hours without verification.
2 BTC today is around $27,500 which is quite a huge amount.
And if you easily open up 3-4 accounts you can transfer over $100,000 without verification!
It's quite concerning thinking governments around the world would let this continue like this without any sort of regulation or some draconian rules in place.

So far Bitcoin is on the rise and so is Binace Coin - now listed #7 in CoinMarketCap.

Is it only me or does it feel like the next crash is going to come from Binanace?
Would you trust Binance today or would you take your money out of there?

What do you think? Is Binance a safe place to use today or not?

But why now? We have known about this for a long time and we also know that hackers in the past have used binance to sell their coins and yet nothing has happened to them, so why governments will be interested in doing this now and not doing it during all the previous years in which they had the opportunity to do so?

To me this tells me that binance has the protection of people on very high spheres of power or they simply do not care and it is just a matter of time before this happens to them, which is it? Only time will tell but I am partial to the former explanation rather than the latter.