Exchangers Are safer then Banks and wallets

[Fullbear2222]

Exchangers like binance Are safer then banks and walllets.
Becouse If something happens they always refund losses.
Binance have done this many times and i know there someone to watch over my wealth.
Private wallets they can be hacked but nobody dont refund.

We live of generation of refund, in crypto main thing Are refund what i did learn about.

[1714624001]

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[Oshosondy]

Exchangers like binance Are safer then banks and walllets.

Wrong

Go on trusting your coins with another party. Until you are frustrated by the exchange or something bad happened to the exchange would be when to realize the truth.

If I have my private key, it is my coin, I can do whatever I like with it at anytime, but if you have it on an exchange, they have control over your coins, this may give you some inconveniences like freeze of account, freeze of coins, unable to withdraw and withdrawal suspended.

Exchanges can be hacked, your data can be hacked and be used against you.

I prefer bank, there are robberies in bank, but you can still go to another branch and withdraw your money, that is how it works in my country. Bank is robbed, but I do not think my money is lost, but if the exchange i am using is hacked while mu trading funds are there, i will panic. But fiat is not an investment means, which is the reason I prefer bitcoin.

For bitcoin and crypto generally, the best and safest is to control your coins by having your private key, you have to use noncustodial wallet to do that. There is nothing safe as noncustodial wallet which I can be able to have complete control over my coins.

[Fullbear2222]

Exchangers like binance Are safer then banks and walllets.

Wrong

Go on trusting your coins with another party. If I have my private key, it is my coin, i can do whatever I like with it at anytime, but if you have it in an exchange, they have control over your coins, this may give you some inconveniences like freeze of account, freeze of coins, unable to withdraw and withdraw suspended. Exchanges can also be hacked, your data can also be hacked and be used against you. I prefer bank, there are robberies in bank, but you can still go to another branch and withdraw your money, that is how it works in my country, but fiat is not an investment means, which is the reason I prefer crypto. For crypto, to best and safest is to control your coins by having your private key, you have to use noncustodial wallet to do that. There is nothing safe as noncustodial wallet which I can be able to have complete control over my coins.

At least i get refund and i sleep well

[Oshosondy]

At least i get refund and i sleep well

I have my private key to control my coins and I sleep well, but not for my funds on exchanges. Opening a long term position on any exchange, like on Binance, my mind will always be there because I know my coin is no with me, but with the exchange, they have control over it, unlike when it is in my wallet which is the safest and best.

If you want to make fast payment and withdraw is suspended, you will sleep well? Or your friend sent you money and it was freezed and the exchange said it is tainted, will you sleep well if not solved before you want to sleep?

Do not make false statement that will let newbies to go to wrong direction. If you are not trading, or you have your coins not active on an exchange, move it to a noncustodial wallet where you have complete control. Cold storage for big amount.

[Altryist]

Exchangers like binance Are safer then banks and walllets.

We live of generation of refund, in crypto main thing Are refund what i did learn about.

This is a delusion, if you store your coins on the exchange, then they are not yours and you can lose them at any time. Keeping coins on exchange is a very bad habit, whether it is Binance or any other exchange, they can still be frozen or stolen by hackers, the risks are too high to trust your coins to exchanges. And I'm not sure that the exchange will reimburse stolen coins, there are many examples of this.

[Fullbear2222]

Exchangers like binance Are safer then banks and walllets.

We live of generation of refund, in crypto main thing Are refund what i did learn about.

This is a delusion, if you store your coins on the exchange, then they are not yours and you can lose them at any time. Keeping coins on exchange is a very bad habit, whether it is Binance or any other exchange, they can still be frozen or stolen by hackers, the risks are too high to trust your coins to exchanges. And I'm not sure that the exchange will reimburse stolen coins, there are many examples of this.

They have to refund

[DaveF]

Exchangers like binance Are safer then banks and walllets.

We live of generation of refund, in crypto main thing Are refund what i did learn about.

This is a delusion, if you store your coins on the exchange, then they are not yours and you can lose them at any time. Keeping coins on exchange is a very bad habit, whether it is Binance or any other exchange, they can still be frozen or stolen by hackers, the risks are too high to trust your coins to exchanges. And I'm not sure that the exchange will reimburse stolen coins, there are many examples of this.

They have to refund

No they do not.
There have been dozens (hundreds?) of times when exchanges got hacked and people lost their coins and got nothing back.
There are countless times when people got their user info hacked and lost their coins and got nothing back.
There are dozens (hundreds?) of times when exchanges just closed their doors and took everyone's coins and they got nothing back.

And so on. Get a hardware wallet, learn how to use it and keep your coins in your control.
Anything else is just asking to loose them.

-Dave

[so98nn]

This is first time someone has come up with the idea that Exchangers are safer. We are already in the privacy driven market and there are only two things either you are the custodian or you are not the custodian of your coins. I highly doubt any exchanger would give away money for the hacks and shits to incur that loss in their own business. Unless it’s highly special and genuine case.
Define safety of your coins? In the world where we can’t even trust a penny next door you are claiming an exchanger would take care of our funds. That’s insane thought and you better upgrade it or it could put up wrong trust with your funds in someone’s hand.

[Fullbear2222]

This is first time someone has come up with the idea that Exchangers are safer. We are already in the privacy driven market and there are only two things either you are the custodian or you are not the custodian of your coins. I highly doubt any exchanger would give away money for the hacks and shits to incur that loss in their own business. Unless it’s highly special and genuine case.
Define safety of your coins? In the world where we can’t even trust a penny next door you are claiming an exchanger would take care of our funds. That’s insane thought and you better upgrade it or it could put up wrong trust with your funds in someone’s hand.

Well we all know much now FTX people will get refund so yes safe

[NeuroticFish]

Well we all know much now FTX people will get refund so yes safe

Sorry to say, but people's wishes is not what reality is. As much as I hope FTX will refund, I fear that the chances that not to happen are... increasingly high.

Exchangers like binance Are safer then banks and walllets.
Becouse If something happens they always refund losses.

Actually there were plenty of cases there were no refunds, even in the more recent history.
Even more, at least in Europe the banks are regulated and the deposits until 100k EUR are refunded by the state, no matter what. By the law. This doesn't happen with exchanges and they will refund only if they can (not insolvent) and want to (eg if not under some odd jurisdiction they can get away without paying).

Binance have done this many times and i know there someone to watch over my wealth.

Binance is one of the exchanges. For now, they did refund and this increased their popularity. What will happen in the future or with other exchanges... I would not take chances.

Private wallets they can be hacked but nobody dont refund.

Private wallets are ... private responsibility. Even if you're not tech inclined you can buy a hardware wallet and your funds are pretty much safe (unless you publish online the backup seed).

We live of generation of refund, in crypto main thing Are refund what i did learn about.

You live in a dream world. I wish your dreams come true, but I fear that if you continue on this path, sooner or later a cold shower awaits you.

[Fullbear2222]

Well we all know much now FTX people will get refund so yes safe

Sorry to say, but people's wishes is not what reality is. As much as I hope FTX will refund, I fear that the chances that not to happen are... increasingly high.

Exchangers like binance Are safer then banks and walllets.
Becouse If something happens they always refund losses.

Actually there were plenty of cases there were no refunds, even in the more recent history.
Even more, at least in Europe the banks are regulated and the deposits until 100k EUR are refunded by the state, no matter what. By the law. This doesn't happen with exchanges and they will refund only if they can (not insolvent) and want to (eg if not under some odd jurisdiction they can get away without paying).

Binance have done this many times and i know there someone to watch over my wealth.

Binance is one of the exchanges. For now, they did refund and this increased their popularity. What will happen in the future or with other exchanges... I would not take chances.

Private wallets they can be hacked but nobody dont refund.

Private wallets are ... private responsibility. Even if you're not tech inclined you can buy a hardware wallet and your funds are pretty much safe (unless you publish online the backup seed).

We live of generation of refund, in crypto main thing Are refund what i did learn about.

You live in a dream world. I wish your dreams come true, but I fear that if you continue on this path, sooner or later a cold shower awaits you.

Crypto refunds are more easy they can create coin

[NeuroticFish]

Crypto refunds are more easy they can create coin

I don't know, maybe Binance can create BNB, maybe FTX could create FTT. But they cannot create Bitcoin, they cannot create Ethereum, they cannot care the honest valuable coins. They're not central banks and the coins are not just "printed paper". That's why we are leaving the fiat behind.
Even more, if they do create their (shit)coins out of thin air to pay their customers, those coins will become worthless as soon as people find out.

[Fullbear2222]

Crypto refunds are more easy they can create coin

I don't know, maybe Binance can create BNB, maybe FTX could create FTT. But they cannot create Bitcoin, they cannot create Ethereum, they cannot care the honest valuable coins. They're not central banks and the coins are not just "printed paper". That's why we are leaving the fiat behind.
Even more, if they do create their (shit)coins out of thin air to pay their customers, those coins will become worthless as soon as people find out.

Nothing wrong with Fiat as long as they print it and give to me
Im not against fiat system Im against that there is limited options to get those Fiat currency in my pocket
I don't Care about If its worth or not i care only how any currency come in my pocket more is good

[Rikafip]

Exchangers like binance Are safer then banks and walllets.

You have to be kidding right, after everything that has happened lately and with the exchanges track record so far.

Becouse If something happens they always refund losses.

Yeah, right. They may cover some smaller loses due hacks, but when shit hits the fan (like in FTX case) you will see how they "always refund losses".

Binance have done this many times and i know there someone to watch over my wealth.

Yes, what we would do without dear CZ and him watching over our wealth.

Private wallets they can be hacked but nobody dont refund.

Yes, because if you get hacked it no one else's fault by your own. Man up, take responsibility for your actions instead expecting someone else to do it better for you.

We live of generation of refund, in crypto main thing Are refund what i did learn about.

Then unfortunately you learned nothing.

Nothing wrong with Fiat as long as they print it and give to me

Ever heard for something called inflation?

[Zilon]

We live of generation of refund, in crypto main thing Are refund what i did learn about.

What if Binance get hacked and i don't mean your personnal wallet on their exchange, the entire exchange will there still be a refund? And even if they do it will take a very long time and obviously getting the exact worth of the coin left in their exchange is impossible.

Hardware wallet gives full control and decentralisation it gives this peace one gets when they know their funds is in safe hands. When seeking a wallet to save coin never trust CEXs they can disappear at any time even Binance is not too big to abscond. Imagine if multiple users get their account hacked in one day picture how long it will take to get a refund....

[NeuroticFish]

Nothing wrong with Fiat as long as they print it and give to me

And you're wrong again. A lot is wrong with fiat (it's an overly manipulated and inflationary IOU that is based on you trusting on institutions that are not as trustable as they are advertised). But I seem to talk with walls, so I let you in your dream world.

[stompix]

But I seem to talk with walls, so I let you in your dream world.

Worse, you're talking to the new polo7 and 325btc clones, when they are taking a break and are not talking to each other.
The same ideas he has posted a hundred times with each of his identities, cex are good, stablecoins are better than bitcoin and better than fiat, the economy that is going to be destroyed and can be saved with printing tokens, etc etc.

Cryptocurrency Exchangers are the ones who is motivated to keep our money in safe!  
Otherwise People take a money out of there!
So yes They are our Banks!!
New generation banks
Cryptocurrency Exchangers fully recover all the losses!!  
If anyone Will complain about cryptocurrency Exchanger stolen funds its a red Alert for all cryptocurrency generally When People Don't trust They just Go away from cryptocurrency Right Now its safe no problems!!  

So cryptocurrency must be secure our wealth Very seriously wich They do it

Also, just as a heads-up he also has another alt that is just posting the same garbage and they have gone one step further congratulating each other on their views
https://bitcointalk.org/index.php?topic=5420265.0

Exchangers like binance Are safer then banks and walllets.

You have to be kidding right, after everything that has happened lately and with the exchanges track record so far.

No, he's not kidding and he's not even trolling, he actually believes this crap, just as he believes a lot of the stuff he has posted with both this new one and his other three to five as I've lost count of his accounts. So just like NeuroticFish above, sorry to bring you the bad news that you've completely wasted your time with him, and also, don't try further, it's impossible to have a discussion, you're talking to the walls and he is yelling back at you.

[Rikafip]

No, he's not kidding and he's not even trolling, he actually believes this crap, just as he believes a lot of the stuff he has posted with both this new one and his other three to five as I've lost count of his accounts.

Ah I haven't realized that I was actually talking to the latest polo7/325btc alt account, thanks for the heads up. Since talking to him is like playing a pigeon chess and I am too old for that crap, I just added him on my ignore list.

[Fullbear2222]

But I seem to talk with walls, so I let you in your dream world.

Worse, you're talking to the new polo7 and 325btc clones, when they taking a break and are not talking to each other.
The same ideas he has posted a hundred times with each of his identities, cex are good, stablecoins are better than bitcoin and better than fiat, the economy that is going to be destroyed and can be saved with printing tokens, etc etc.

Cryptocurrency Exchangers are the ones who is motivated to keep our money in safe! 
Otherwise People take a money out of there!
So yes They are our Banks!!
New generation banks
Cryptocurrency Exchangers fully recover all the losses!! 
If anyone Will complain about cryptocurrency Exchanger stolen funds its a red Alert for all cryptocurrency generally When People Don't trust They just Go away from cryptocurrency Right Now its safe no problems!! 

So cryptocurrency must be secure our wealth Very seriously wich They do it

Also, just as a heads-up he also has another alt that is just posting the same garbage and they have gone one step further congratulating each other on their views
https://bitcointalk.org/index.php?topic=5420265.0

Exchangers like binance Are safer then banks and walllets.

You have to be kidding right, after everything that has happened lately and with the exchanges track record so far.

No, he's not kidding and he's not even trolling, he actually believes this crap, just as he believes a lot of the stuff he has posted with both this new one and his other three to five as I've lost count of his accounts. So just like NeuroticFish fish above, sorry to bring you the bad news that you've completely wasted your time with him, and also, don't try further, it's impossible to have a discussion, you're talking to the walls and he is yelling back at you.

I have group of traders who have Same mindset together we can win.

[NeuroticFish]

Worse, you're talking to the new polo7 and 325btc clones, when they taking a break and are not talking to each other.

Interesting. Then we have a ban evader.
I've added him to my ignore list and will also report him.